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
₴ 64000
per

Your estimated
City
free-cash

Dresden , Germany
₴19325
₴24062
₴21625
₴28568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
trade
-
-
-
6 943
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.

-
-
-
18 515
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 018
total
-
-
-
29 402
Employee

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

16 381
-
64 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 018
-
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
-
18 515
-
total
3 409
-
22 459
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 619
64 000
-
-
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.

393
528
-
-
income
7 143
9 600
-
-
trade
7 500
10 080
-
-
chamber of commerce
133
157
-
-
total
15 169
20 365
-
-
Dividends
32 450
43 635
-
-
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.

437
591
-
-
withholding
7 950
10 746
-
-
total
8 387
11 337
-
-
Income
64 000
64 000
64 000
64 000
Total tax
26 965
31 702
22 459
29 402
After tax
37 035
32 298
41 541
34 598
Living cost
12 973
12 973
12 973
12 973
Free-cash
24 062
19 325
28 568
21 625

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴18295
₴17934
₴16318
₴16820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
6 932
pensions
-
-
-
7 680
national
-
-
-
10 741
social contributions
-
-
-
688
total
-
-
-
26 041
Employee
33 548
-
55 327
-
municipal
4 144
-
7 180
-
pensions
1 342
-
2 213
-
national
6 421
-
11 125
-
total
11 907
-
20 518
-
Employer
33 548
-
55 327
-
social contributions
361
-
595
-
pensions
2 684
-
4 426
-
total
3 045
-
5 021
-
Corporate
25 193
64 000
-
-
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%.

5 039
12 800
-
-
total
5 039
12 800
-
-
Dividends
20 155
51 200
-
-
withholding
4 434
11 264
-
-
total
4 434
11 264
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 425
24 064
25 539
26 041
After tax
39 575
39 936
38 461
37 959
Living cost
21 641
21 641
21 641
21 641
Free-cash
17 934
18 295
16 820
16 318

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
₴42290
₴38776
₴11902
₴30087
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
microenterprise
-
-
-
-
income
-
-
-
10 458
surtax
-
-
-
16 320
social contributions

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

-
-
-
16 410
total
-
-
-
43 188
Employee
12 515
-
45 880
-
social contributions

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

1 377
-
5 046
-
surtax
-
-
-
-
income
2 228
-
8 904
-
total
3 605
-
13 950
-
Employer
12 515
-
45 880
-
social contributions

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

3 015
-
11 053
-
surtax
-
-
-
-
total
3 015
-
11 053
-
Corporate
48 471
64 000
-
-
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%.

9 694
12 800
-
-
total
9 694
12 800
-
-
Dividends

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

38 777
51 200
-
-
total
-
-
-
-
Income
64 000
64 000
64 000
64 000
Total tax
16 314
12 800
25 003
43 188
After tax
47 686
51 200
38 997
20 812
Living cost
8 910
8 910
8 910
8 910
Free-cash
38 776
42 290
30 087
11 902

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴13572
₴10949
₴18187
₴20802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
17 572
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
27 871
Employee
36 574
36 574
56 041
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
6 998
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
17 297
-
Employer
36 574
36 574
56 041
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
21 470
21 021
-
-
income
4 294
4 204
-
-
total
4 294
4 204
-
-
Dividends
17 176
16 817
-
-
income
3 650
3 574
-
-
withholding
2 576
2 523
-
-
total
6 226
6 097
-
-
Income
64 000
64 000
64 000
64 000
Total tax
35 109
32 486
25 256
27 871
After tax
28 891
31 514
38 744
36 129
Living cost
17 942
17 942
17 942
17 942
Free-cash
10 949
13 572
20 802
18 187

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴18396
₴18025
₴16874
₴16473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
15 952
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
4 120
total
-
-
-
30 578
Employee
23 579
-
52 605
-
municipal
7 031
-
15 687
-
national
-
-
3 898
-
total
7 031
-
19 585
-
Employer
23 579
-
52 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
33 012
64 000
-
-
income
7 263
14 080
-
-
total
7 263
14 080
-
-
Dividends
25 749
49 920
-
-
withholding
7 725
14 976
-
-
total
7 725
14 976
-
-
Income
64 000
64 000
64 000
64 000
Total tax
29 427
29 056
30 979
30 578
After tax
34 573
34 944
33 021
33 422
Living cost
16 548
16 548
16 548
16 548
Free-cash
18 025
18 396
16 473
16 874

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴15144
₴21162
₴17464
₴24716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
trade
-
-
-
7 252
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.

-
-
-
18 515
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 018
total
-
-
-
29 711
Employee

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

21 719
-
64 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 018
-
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
-
18 515
-
total
4 894
-
22 459
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 281
64 000
-
-
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.

349
528
-
-
income
6 342
9 600
-
-
trade
6 955
10 528
-
-
chamber of commerce
125
156
-
-
total
13 771
20 812
-
-
Dividends
28 510
43 188
-
-
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.

383
585
-
-
withholding
6 965
10 634
-
-
total
7 348
11 219
-
-
Income
64 000
64 000
64 000
64 000
Total tax
26 013
32 031
22 459
29 711
After tax
37 987
31 969
41 541
34 289
Living cost
16 825
16 825
16 825
16 825
Free-cash
21 162
15 144
24 716
17 464

Estimated living cost  is ₴16825 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴32833
₴31058
₴30425
₴29829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
11 121
health
-
-
-
1 632
social contributions
-
-
-
6 930
total
-
-
-
19 683
Employee
32 933
32 933
59 218
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 007
-
income
3 458
3 049
10 802
-
total
5 386
6 342
15 496
-
Employer
32 933
32 933
59 218
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 096
-
total
1 957
3 343
4 783
-
Corporate
42 765
27 724
-
-
income
5 346
3 466
-
-
total
5 346
3 466
-
-
Dividends
37 420
24 258
-
-
withholding
6 361
4 124
-
-
total
6 361
4 124
-
-
Income
64 000
64 000
64 000
64 000
Total tax
19 050
17 275
20 279
19 683
After tax
44 950
46 725
43 721
44 317
Living cost
13 892
13 892
13 892
13 892
Free-cash
31 058
32 833
29 829
30 425

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴28193
₴28357
₴36554
₴29319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
7 824
pensions
-
-
-
6 400
unemployment
-
-
-
960
health
-
-
-
4 480
total
-
-
-
19 664
Employee

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
53 556
-
health
786
313
3 749
-
income
1 373
547
6 547
-
pensions
1 123
447
5 356
-
unemployment
168
67
803
-
total
3 450
1 374
16 455
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
53 556
-
pensions
2 190
872
10 444
-
total
2 190
872
10 444
-
Corporate
50 577
58 658
-
-
income
4 552
5 279
-
-
total
4 552
5 279
-
-
Dividends
46 025
53 379
-
-
social contributions
8 924
10 358
-
-
withholding
8 745
10 142
-
-
total
17 669
20 500
-
-
Income
64 000
64 000
64 000
64 000
Total tax
27 861
28 025
26 899
19 664
After tax
36 139
35 975
37 101
44 336
Living cost
7 782
7 782
7 782
7 782
Free-cash
28 357
28 193
29 319
36 554

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴40855
₴38195
₴23959
₴26543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
8 576
pensions
-
-
-
12 800
health
-
-
-
8 320
total
-
-
-
29 696
Employee
12 150
-
47 833
-
income
1 368
-
9 222
-
pensions
243
-
957
-
unemployment
194
-
766
-
total
1 805
-
10 945
-
Employer
12 150
-
47 833
-
unemployment
98
-
383
-
pensions
2 430
-
9 566
-
health
1 579
-
6 218
-
total
4 107
-
16 167
-
Corporate
47 743
64 000
-
-
income
9 548
12 800
-
-
total
9 548
12 800
-
-
Dividends
38 195
51 200
-
-
total
-
-
-
-
Income
64 000
64 000
64 000
64 000
Total tax
15 460
12 800
27 112
29 696
After tax
48 540
51 200
36 888
34 304
Living cost
10 345
10 345
10 345
10 345
Free-cash
38 195
40 855
26 543
23 959

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴4183
₴3747
₴34422
₴25011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
108
income
-
-
-
17 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
20 211
Employee
14 735
-
56 962
-
health
1 687
-
6 522
-
income
2 022
-
12 814
-
pensions
1 659
-
3 248
-
total
5 368
-
22 584
-
Employer
14 735
-
56 962
-
accident
246
-
951
-
unemployment
361
-
1 396
-
pensions
2 396
-
4 691
-
total
3 003
-
7 038
-
Corporate
46 262
64 000
-
-
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.

41 636
57 600
-
-
total
41 636
57 600
-
-
Dividends
4 626
6 400
-
-
withholding
879
1 216
-
-
total
879
1 216
-
-
Income
64 000
64 000
64 000
64 000
Total tax
50 886
58 816
29 622
20 211
After tax
13 114
5 184
34 378
43 789
Living cost
9 367
9 367
9 367
9 367
Free-cash
3 747
-4 183
25 011
34 422

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴56946
₴56224
₴59506
₴47346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
64 000
microenterprise

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

-
-
-
640
total
-
-
-
640
Employee
4 817
-
64 000
-
income
963
-
12 800
-
total
963
-
12 800
-
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%.

59 183
64 000
-
-
total
-
-
-
-
Dividends
59 183
64 000
-
-
withholding
2 959
3 200
-
-
total
2 959
3 200
-
-
Income
64 000
64 000
64 000
64 000
Total tax
3 922
3 200
12 800
640
After tax
60 078
60 800
51 200
63 360
Living cost
3 854
3 854
3 854
3 854
Free-cash
56 224
56 946
47 346
59 506

Estimated living cost  is ₴3854 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴35608
₴32716
₴22488
₴25136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
8 884
pensions

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

-
-
-
15 360
other
-
-
-
3 040
health
-
-
-
2 816
total
-
-
-
30 100
Employee
15 551
-
51 118
-
health
218
-
716
-
income
2 677
-
9 765
-
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
-
3 579
-
unemployment
155
-
511
-
total
4 138
-
14 571
-
Employer
15 551
-
51 118
-
accident
124
-
409
-
other
778
-
2 555
-
unemployment
155
-
511
-
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
-
8 690
-
health
218
-
716
-
total
3 919
-
12 881
-
Corporate
44 530
64 000
-
-
income
9 352
13 440
-
-
total
9 352
13 440
-
-
Dividends
35 178
50 560
-
-
withholding
2 463
3 540
-
-
total
2 463
3 540
-
-
Income
64 000
64 000
64 000
64 000
Total tax
19 872
16 980
27 452
30 100
After tax
44 128
47 020
36 548
33 900
Living cost
11 412
11 412
11 412
11 412
Free-cash
32 716
35 608
25 136
22 488

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴14412
₴13306
₴14576
₴8718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
17 048
pensions
-
-
-
3 633
total
-
-
-
20 681
Employee
40 666
-
56 016
-
health
670
-
858
-
income
7 331
-
13 143
-
pensions
3 923
-
4 554
-
total
11 924
-
18 555
-
Employer
40 666
-
56 016
-
pensions
4 802
-
6 920
-
health
772
-
1 064
-
total
5 574
-
7 984
-
Corporate
17 760
64 000
-
-
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.

3 374
12 160
-
-
total
3 374
12 160
-
-
Dividends
14 385
51 840
-
-
withholding
1 079
8 685
-
-
total
1 079
8 685
-
-
Income
64 000
64 000
64 000
64 000
Total tax
21 951
20 845
26 539
20 681
After tax
42 049
43 155
37 461
43 319
Living cost
28 743
28 743
28 743
28 743
Free-cash
13 306
14 412
8 718
14 576

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴49101
₴47110
₴44783
₴47169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 600
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
-
-
-
13 598
Employee
7 440
-
61 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
6 106
-
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
-
8 274
-
Employer
7 440
-
61 063
-
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
55 100
64 000
-
-
income
5 510
6 400
-
-
total
5 510
6 400
-
-
Dividends
49 590
57 600
-
-
withholding
2 480
2 880
-
-
total
2 480
2 880
-
-
Income
64 000
64 000
64 000
64 000
Total tax
11 271
9 280
11 212
13 598
After tax
52 729
54 720
52 788
50 402
Living cost
5 619
5 619
5 619
5 619
Free-cash
47 110
49 101
47 169
44 783

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴7765
₴8843
₴12380
₴14995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
17 572
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
27 871
Employee
39 708
36 574
56 041
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
6 998
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
17 297
-
Employer
39 708
36 574
56 041
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
17 340
21 021
-
-
income
3 468
4 204
-
-
total
3 468
4 204
-
-
Dividends
13 872
16 817
-
-
income
2 948
3 574
-
-
withholding
2 081
2 523
-
-
total
5 029
6 097
-
-
Income
64 000
64 000
64 000
64 000
Total tax
31 408
32 486
25 256
27 871
After tax
32 592
31 514
38 744
36 129
Living cost
23 749
23 749
23 749
23 749
Free-cash
8 843
7 765
14 995
12 380

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴33807
₴30148
₴24254
₴22222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
6 090
health
-
-
-
8 640
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
29 489
Employee
15 084
-
47 761
-
social contributions
980
-
3 104
-
health
2 036
-
6 448
-
solidarity contribution
-
-
-
-
income
1 810
-
5 731
-
total
4 826
-
15 283
-
Employer
15 084
-
47 761
-
social contributions
3 771
-
11 940
-
health
1 358
-
4 298
-
total
5 129
-
16 238
-
Corporate
43 788
64 000
-
-
income
8 320
12 160
-
-
total
8 320
12 160
-
-
Dividends
35 468
51 840
-
-
withholding
5 320
7 776
-
-
total
5 320
7 776
-
-
Income
64 000
64 000
64 000
64 000
Total tax
23 595
19 936
31 521
29 489
After tax
40 405
44 064
32 479
34 511
Living cost
10 257
10 257
10 257
10 257
Free-cash
30 148
33 807
22 222
24 254

Estimated living cost  is ₴10257 per week

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

Source of data for Brno model

Close
Milan , Italy
₴16075
₴13837
₴13185
₴10224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
380
regional
-
-
-
743
national
-
-
-
15 159
social contributions
-
-
-
16 461
total
-
-
-
32 743
Employee
38 064
-
64 000
-
social contributions
12 835
-
21 580
-
regional
359
-
655
-
municipal
202
-
340
-
national
6 596
-
13 129
-
total
19 992
-
35 704
-
Employer
38 064
-
64 000
-
total
-
-
-
-
Corporate
25 936
64 000
-
-
nationa
6 225
15 360
-
-
municipal
1 012
2 496
-
-
total
7 237
17 856
-
-
Dividends
18 699
46 144
-
-
withholding
4 862
11 997
-
-
total
4 862
11 997
-
-
Income
64 000
64 000
64 000
64 000
Total tax
32 091
29 853
35 704
32 743
After tax
31 909
34 147
28 296
31 257
Living cost
18 072
18 072
18 072
18 072
Free-cash
13 837
16 075
10 224
13 185

Estimated living cost  is ₴18072 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴30805
₴29472
₴20920
₴18975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
15 771
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 270
total
-
-
-
33 629
Employee
14 163
-
52 871
-
other
-
-
-
-
health
362
-
1 348
-
surtax
46
-
1 963
-
income
2 374
-
13 927
-
pensions
944
-
3 527
-
unemployment
986
-
3 680
-
total
4 712
-
24 445
-
Employer
14 163
-
52 871
-
other
-
-
-
-
unemployment
449
-
1 676
-
pensions
1 888
-
7 047
-
health
645
-
2 406
-
total
2 982
-
11 129
-
Corporate
46 856
64 000
-
-
income
12 182
16 640
-
-
total
12 182
16 640
-
-
Dividends
34 673
47 360
-
-
withholding
5 201
7 104
-
-
total
5 201
7 104
-
-
Income
64 000
64 000
64 000
64 000
Total tax
25 077
23 744
35 574
33 629
After tax
38 923
40 256
28 426
30 371
Living cost
9 451
9 451
9 451
9 451
Free-cash
29 472
30 805
18 975
20 920

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
₴23519
₴24934
₴23683
₴17825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
17 048
pensions
-
-
-
3 633
total
-
-
-
20 681
Employee
27 254
-
56 016
-
health
396
-
858
-
income
4 908
-
13 143
-
pensions
2 313
-
4 554
-
total
7 617
-
18 555
-
Employer
27 254
-
56 016
-
pensions
2 950
-
6 920
-
health
518
-
1 064
-
total
3 468
-
7 984
-
Corporate
33 279
64 000
-
-
income

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

6 323
12 160
-
-
total
6 323
12 160
-
-
Dividends
26 956
51 840
-
-
withholding
2 022
8 685
-
-
total
2 022
8 685
-
-
Income
64 000
64 000
64 000
64 000
Total tax
19 430
20 845
26 539
20 681
After tax
44 570
43 155
37 461
43 319
Living cost
19 636
19 636
19 636
19 636
Free-cash
24 934
23 519
17 825
23 683

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴3103
₴10747
₴19946
₴16835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
city
-
-
-
674
pensions
-
-
-
5 888
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.

-
-
-
1 280
regional
-
-
-
2 894
health
-
-
-
144
national
-
-
-
805
total
-
-
-
11 685
Employee
37 880
-
57 283
-
city
407
-
615
-
regional
1 240
-
2 496
-
health
86
-
129
-
pensions
3 182
-
4 812
-
unemployment
-
-
-
-
national
179
-
657
-
total
5 094
-
8 709
-
Employer
37 880
-
57 283
-
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
-
1 146
-
unemployment
-
-
-
-
pensions
3 182
-
4 812
-
health
86
-
129
-
total
4 025
-
6 087
-
Corporate
21 678
64 000
-
-
regional
4 585
13 536
-
-
national
1 842
5 440
-
-
total
6 427
18 976
-
-
Dividends
15 251
45 024
-
-
withholding
5 338
15 758
-
-
total
5 338
15 758
-
-
Income
64 000
64 000
64 000
64 000
Total tax
20 884
34 734
14 796
11 685
After tax
43 116
29 266
49 204
52 315
Living cost
32 369
32 369
32 369
32 369
Free-cash
10 747
-3 103
16 835
19 946

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴12020
₴18966
₴14360
₴21921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
trade
-
-
-
7 561
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.

-
-
-
18 515
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 018
total
-
-
-
30 020
Employee

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

25 739
-
64 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 018
-
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
-
18 515
-
total
6 120
-
22 459
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 261
64 000
-
-
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.

315
528
-
-
income
5 739
9 600
-
-
trade
6 561
10 976
-
-
chamber of commerce
119
155
-
-
total
12 734
21 259
-
-
Dividends
25 526
42 740
-
-
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.

342
579
-
-
withholding
6 218
10 522
-
-
total
6 560
11 101
-
-
Income
64 000
64 000
64 000
64 000
Total tax
25 414
32 360
22 459
30 020
After tax
38 586
31 640
41 541
33 980
Living cost
19 620
19 620
19 620
19 620
Free-cash
18 966
12 020
21 921
14 360

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴17604
₴20133
₴21597
₴21800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 090
pensions
-
-
-
12 503
other
-
-
-
1 984
health
-
-
-
2 349
surtax
-
-
-
-
social contributions
-
-
-
1 824
total
-
-
-
27 750
Employee
18 330
-
50 230
-
social contributions
523
-
1 431
-
surtax
-
-
-
-
income
1 082
-
9 147
-
pensions
2 073
-
3 202
-
total
3 678
-
13 780
-
Employer
18 330
-
50 230
-
other
632
-
1 836
-
social contributions
55
-
150
-
unemployment
742
-
2 034
-
pensions
3 011
-
5 443
-
health
1 283
-
4 304
-
total
5 723
-
13 767
-
Corporate
39 946
64 000
-
-
surtax
-
-
-
-
income
11 184
17 920
-
-
total
11 184
17 920
-
-
Dividends
28 761
46 080
-
-
surtax
-
-
-
-
social contributions
4 947
7 925
-
-
withholding
3 682
5 898
-
-
total
8 629
13 823
-
-
Income
64 000
64 000
64 000
64 000
Total tax
29 214
31 743
27 547
27 750
After tax
34 786
32 257
36 453
36 250
Living cost
14 653
14 653
14 653
14 653
Free-cash
20 133
17 604
21 800
21 597

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴19056
₴21433
₴23049
₴23252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 090
pensions
-
-
-
12 503
other
-
-
-
1 984
health
-
-
-
2 349
surtax
-
-
-
-
social contributions
-
-
-
1 824
total
-
-
-
27 750
Employee
16 362
-
50 230
-
social contributions
467
-
1 431
-
surtax
-
-
-
-
income
844
-
9 147
-
pensions
1 851
-
3 202
-
total
3 162
-
13 780
-
Employer
16 362
-
50 230
-
other
565
-
1 836
-
social contributions
49
-
150
-
unemployment
662
-
2 034
-
pensions
2 689
-
5 443
-
health
1 145
-
4 304
-
total
5 110
-
13 767
-
Corporate
42 528
64 000
-
-
surtax
-
-
-
-
income
11 908
17 920
-
-
total
11 908
17 920
-
-
Dividends
30 620
46 080
-
-
surtax
-
-
-
-
social contributions
5 267
7 925
-
-
withholding
3 919
5 898
-
-
total
9 186
13 823
-
-
Income
64 000
64 000
64 000
64 000
Total tax
29 366
31 743
27 547
27 750
After tax
34 634
32 257
36 453
36 250
Living cost
13 201
13 201
13 201
13 201
Free-cash
21 433
19 056
23 252
23 049

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴29964
₴30185
₴32019
₴31035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 600
health
-
-
-
4 467
social contributions
-
-
-
8 832
total
-
-
-
22 899
Employee
14 522
-
64 000
-
social contributions
2 004
-
8 832
-
health
1 014
-
4 467
-
income
2 422
-
10 584
-
total
5 440
-
23 883
-
Employer
14 522
-
64 000
-
total
-
-
-
-
Corporate
49 478
64 000
-
-
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%.

2 474
3 200
-
-
total
2 474
3 200
-
-
Dividends
47 004
60 800
-
-
health
3 281
4 244
-
-
social contributions
6 487
8 390
-
-
withholding
7 051
9 120
-
-
total
16 819
21 754
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 733
24 954
23 883
22 899
After tax
39 267
39 046
40 117
41 101
Living cost
9 082
9 082
9 082
9 082
Free-cash
30 185
29 964
31 035
32 019

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
₴20430
₴19766
₴17696
₴1600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
chamber of commerce
-
-
-
256
income
-
-
-
15 161
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
31 213
Employee
21 404
17 068
49 631
-
other
214
171
497
-
health
828
661
1 921
-
income
2 437
1 259
11 950
-
pensions
2 192
1 747
5 082
-
unemployment
642
512
1 489
-
total
6 313
4 350
20 939
-
Employer
21 404
17 068
49 631
-
accident
278
222
645
-
other
1 017
810
2 358
-
chamber of commerce
85
68
198
-
unemployment
642
512
1 489
-
surtax
85
85
85
-
pensions
2 686
2 142
6 229
-
payroll
642
512
1 489
-
health
809
645
1 876
-
total
6 244
4 996
14 369
-
Corporate
36 352
41 935
48 006
-
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.

9 088
10 484
12 001
-
total
9 088
10 484
12 001
-
Dividends
27 264
31 451
-
-
withholding
7 498
8 649
-
-
total
7 498
8 649
-
-
Income
64 000
64 000
64 000
64 000
Total tax
29 143
28 479
47 309
31 213
After tax
34 857
35 521
16 691
32 787
Living cost
15 091
15 091
15 091
15 091
Free-cash
19 766
20 430
1 600
17 696

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴20201
₴13775
₴12354
₴7555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
national
-
-
-
22 787
communal

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

-
-
-
3 240
social contributions
-
-
-
10 003
total
-
-
-
36 030
Employee

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

30 636
-
49 570
-
communal

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

1 598
-
2 585
-
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
-
2 329
-
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
-
3 718
-
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
-
432
-
national
9 419
-
17 335
-
total
15 021
-
26 399
-
Employer

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

30 636
-
49 570
-
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
-
645
-
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
-
723
-
surtax
3 474
-
5 621
-
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
-
4 392
-
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
-
3 049
-
total
8 918
-
14 430
-
Corporate
24 447
64 000
-
-
surtax
98
256
-
-
income
4 890
12 800
-
-
total
4 988
13 056
-
-
Dividends
19 459
50 944
-
-
withholding

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

5 682
15 127
-
-
total
5 682
15 127
-
-
Income
64 000
64 000
64 000
64 000
Total tax
34 609
28 183
40 829
36 030
After tax
29 391
35 817
23 171
27 970
Living cost
15 616
15 616
15 616
15 616
Free-cash
13 775
20 201
7 555
12 354

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴27332
₴24194
₴20577
₴18780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
358
income
-
-
-
16 046
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 956
Employee
21 319
-
51 345
-
other
21
-
40
-
income
4 498
-
14 576
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
17 097
-
Employer
21 319
-
51 345
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
35 885
64 000
-
-
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.

5 383
9 600
-
-
total
5 383
9 600
-
-
Dividends
30 502
54 400
-
-
withholding
6 308
11 601
-
-
total
6 308
11 601
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 339
21 201
29 753
27 956
After tax
39 661
42 799
34 247
36 044
Living cost
15 467
15 467
15 467
15 467
Free-cash
24 194
27 332
18 780
20 577

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴14800
₴9917
₴9648
₴12201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
540
income
-
-
-
9 229
pensions
-
-
-
9 593
health
-
-
-
4 497
surtax
-
-
-
3 173
communal
-
-
-
4 045
total
-
-
-
31 077
Employee
32 434
-
57 169
-
health
1 443
-
2 544
-
surtax
1 988
-
3 504
-
income
3 133
-
11 073
-
pensions
2 594
-
4 573
-
total
9 158
-
21 694
-
Employer
32 434
-
57 169
-
accident
292
-
514
-
pensions
2 594
-
4 573
-
health
989
-
1 743
-
total
3 875
-
6 830
-
Corporate
27 691
64 000
-
-
surtax
291
672
-
-
communal
1 869
4 320
-
-
income
4 153
9 600
-
-
total
6 313
14 592
-
-
Dividends
21 377
49 408
-
-
income
8 256
3 922
-
-
withholding
3 206
7 411
-
-
total
11 462
11 333
-
-
Income
64 000
64 000
64 000
64 000
Total tax
30 808
25 925
28 524
31 077
After tax
33 192
38 075
35 476
32 923
Living cost
23 275
23 275
23 275
23 275
Free-cash
9 917
14 800
12 201
9 648

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴30636
₴29274
₴20751
₴18806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
15 771
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 270
total
-
-
-
33 629
Employee
14 423
-
52 871
-
other
-
-
-
-
health
368
-
1 348
-
surtax
51
-
1 963
-
income
2 418
-
13 927
-
pensions
962
-
3 527
-
unemployment
1 004
-
3 680
-
total
4 803
-
24 445
-
Employer
14 423
-
52 871
-
other
-
-
-
-
unemployment
458
-
1 676
-
pensions
1 923
-
7 047
-
health
656
-
2 406
-
total
3 037
-
11 129
-
Corporate
46 540
64 000
-
-
income
12 100
16 640
-
-
total
12 100
16 640
-
-
Dividends
34 440
47 360
-
-
withholding
5 166
7 104
-
-
total
5 166
7 104
-
-
Income
64 000
64 000
64 000
64 000
Total tax
25 106
23 744
35 574
33 629
After tax
38 894
40 256
28 426
30 371
Living cost
9 620
9 620
9 620
9 620
Free-cash
29 274
30 636
18 806
20 751

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
₴22103
₴21152
₴19498
₴16553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
380
regional
-
-
-
965
national
-
-
-
15 159
social contributions
-
-
-
16 461
total
-
-
-
32 965
Employee
23 758
-
64 000
-
social contributions
8 011
-
21 580
-
regional
320
-
861
-
municipal
126
-
340
-
national
3 764
-
13 129
-
total
12 221
-
35 910
-
Employer
23 758
-
64 000
-
total
-
-
-
-
Corporate
40 242
64 000
-
-
nationa
9 658
15 360
-
-
municipal
2 000
3 181
-
-
total
11 658
18 541
-
-
Dividends
28 584
45 458
-
-
withholding
7 432
11 819
-
-
total
7 432
11 819
-
-
Income
64 000
64 000
64 000
64 000
Total tax
31 311
30 360
35 910
32 965
After tax
32 689
33 640
28 090
31 035
Living cost
11 537
11 537
11 537
11 537
Free-cash
21 152
22 103
16 553
19 498

Estimated living cost  is ₴11537 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
₴31425
₴26916
₴21872
₴19840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
6 090
health
-
-
-
8 640
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
29 489
Employee
18 587
-
47 761
-
social contributions
1 208
-
3 104
-
health
2 509
-
6 448
-
solidarity contribution
-
-
-
-
income
2 230
-
5 731
-
total
5 947
-
15 283
-
Employer
18 587
-
47 761
-
social contributions
4 647
-
11 940
-
health
1 673
-
4 298
-
total
6 320
-
16 238
-
Corporate
39 093
64 000
-
-
income
7 428
12 160
-
-
total
7 428
12 160
-
-
Dividends
31 665
51 840
-
-
withholding
4 750
7 776
-
-
total
4 750
7 776
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 445
19 936
31 521
29 489
After tax
39 555
44 064
32 479
34 511
Living cost
12 639
12 639
12 639
12 639
Free-cash
26 916
31 425
19 840
21 872

Estimated living cost  is ₴12639 per week

₴9399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴21904
₴21688
₴19208
₴3043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
chamber of commerce
-
-
-
256
income
-
-
-
15 161
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
31 128
Employee
18 722
17 068
49 697
-
other
187
171
497
-
health
724
661
1 923
-
income
1 668
1 259
11 973
-
pensions
1 917
1 747
5 089
-
unemployment
562
512
1 491
-
total
5 058
4 350
20 973
-
Employer
18 722
17 068
49 697
-
accident
243
222
646
-
other
889
810
2 361
-
chamber of commerce
75
68
199
-
unemployment
562
512
1 491
-
surtax
-
-
-
-
pensions
2 350
2 142
6 237
-
payroll
562
512
1 491
-
health
708
645
1 878
-
total
5 389
4 911
14 303
-
Corporate
39 890
42 020
48 072
-
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.

9 973
10 505
12 017
-
total
9 973
10 505
12 017
-
Dividends
29 918
31 515
-
-
withholding
8 228
8 666
-
-
total
8 228
8 666
-
-
Income
64 000
64 000
64 000
64 000
Total tax
28 648
28 432
47 293
31 128
After tax
35 352
35 568
16 707
32 872
Living cost
13 664
13 664
13 664
13 664
Free-cash
21 688
21 904
3 043
19 208

Estimated living cost  is ₴13664 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴54795
₴53669
₴57355
₴45195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
64 000
microenterprise

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

-
-
-
640
total
-
-
-
640
Employee
7 506
-
64 000
-
income
1 501
-
12 800
-
total
1 501
-
12 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

56 494
64 000
-
-
total
-
-
-
-
Dividends
56 494
64 000
-
-
withholding
2 825
3 200
-
-
total
2 825
3 200
-
-
Income
64 000
64 000
64 000
64 000
Total tax
4 326
3 200
12 800
640
After tax
59 674
60 800
51 200
63 360
Living cost
6 005
6 005
6 005
6 005
Free-cash
53 669
54 795
45 195
57 355

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
₴32576
₴28994
₴20351
₴18656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
income
-
-
-
14 080
pensions
-
-
-
11 688
unemployment
-
-
-
96
health
-
-
-
6 297
total
-
-
-
32 161
Employee

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

18 939
-
55 377
-
health
1 223
-
3 577
-
income
3 266
-
12 996
-
pensions
2 936
-
8 584
-
unemployment
27
-
77
-
total
7 452
-
25 234
-
Employer

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

18 939
-
55 377
-
unemployment
11
-
33
-
pensions
1 676
-
4 901
-
health
1 261
-
3 688
-
total
2 948
-
8 622
-
Corporate
42 112
64 000
-
-
income
8 002
12 160
-
-
total
8 002
12 160
-
-
Dividends
34 111
51 840
-
-
withholding
5 116
7 776
-
-
total
5 116
7 776
-
-
Income
64 000
64 000
64 000
64 000
Total tax
23 518
19 936
33 856
32 161
After tax
40 482
44 064
30 144
31 839
Living cost
11 488
11 488
11 488
11 488
Free-cash
28 994
32 576
18 656
20 351

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
₴20448
₴65
₴25739
₴39872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
12 475
social contributions
-
-
-
7 296
total
-
-
-
19 771
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
106
64 000
-
-
income
23
14 080
-
-
total
23
14 080
-
-
Dividends
83
49 920
-
-
income
18
10 982
-
-
total
18
10 982
-
-
Income
64 000
64 000
64 000
64 000
Total tax
45 445
25 062
5 638
19 771
After tax
18 555
38 938
58 362
44 229
Living cost
18 490
18 490
18 490
18 490
Free-cash
65
20 448
39 872
25 739

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴22969
₴22538
₴21240
₴16724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
income
-
-
-
7 086
surtax
-
-
-
-
social contributions

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

-
-
-
22 240
total
-
-
-
29 326
Employee
19 698
-
51 717
-
social contributions
2 167
-
5 689
-
surtax
-
-
-
-
income
4 097
-
15 871
-
total
6 264
-
21 560
-
Employer
19 698
-
51 717
-
social contributions
4 678
-
12 282
-
total
4 678
-
12 282
-
Corporate
39 624
64 000
-
-
surtax
-
-
-
-
income
8 321
13 440
-
-
total
8 321
13 440
-
-
Dividends
31 303
50 560
-
-
withholding
8 765
14 157
-
-
total
8 765
14 157
-
-
Income
64 000
64 000
64 000
64 000
Total tax
28 028
27 597
33 842
29 326
After tax
35 972
36 403
30 158
34 674
Living cost
13 434
13 434
13 434
13 434
Free-cash
22 538
22 969
16 724
21 240

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴11571
₴14514
₴15564
₴15767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 090
pensions
-
-
-
12 503
other
-
-
-
1 984
health
-
-
-
2 349
surtax
-
-
-
-
social contributions
-
-
-
1 824
total
-
-
-
27 750
Employee
26 825
-
50 230
-
social contributions
764
-
1 431
-
surtax
-
-
-
-
income
2 341
-
9 147
-
pensions
3 034
-
3 202
-
total
6 139
-
13 780
-
Employer
26 825
-
50 230
-
other
926
-
1 836
-
social contributions
80
-
150
-
unemployment
1 087
-
2 034
-
pensions
4 408
-
5 443
-
health
1 877
-
4 304
-
total
8 378
-
13 767
-
Corporate
28 797
64 000
-
-
surtax
-
-
-
-
income
8 063
17 920
-
-
total
8 063
17 920
-
-
Dividends
20 734
46 080
-
-
surtax
-
-
-
-
social contributions
3 566
7 925
-
-
withholding
2 654
5 898
-
-
total
6 220
13 823
-
-
Income
64 000
64 000
64 000
64 000
Total tax
28 800
31 743
27 547
27 750
After tax
35 200
32 257
36 453
36 250
Living cost
20 686
20 686
20 686
20 686
Free-cash
14 514
11 571
15 767
15 564

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴44726
₴43287
₴34656
₴36356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
2 391
social contributions
-
-
-
14 079
total
-
-
-
16 470
Employee
13 769
-
55 412
-
income
-
-
2 581
-
social contributions
895
-
3 601
-
total
895
-
6 182
-
Employer
13 769
-
55 412
-
social contributions
2 134
-
8 588
-
total
2 134
-
8 588
-
Corporate
48 097
64 000
-
-
income
4 810
6 400
-
-
total
4 810
6 400
-
-
Dividends
43 287
57 600
-
-
total
-
-
-
-
Income
64 000
64 000
64 000
64 000
Total tax
7 839
6 400
14 770
16 470
After tax
56 161
57 600
49 230
47 530
Living cost
12 874
12 874
12 874
12 874
Free-cash
43 287
44 726
36 356
34 656

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴29355
-₴29355
₴17774
-₴29355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
12 991
pensions
-
-
-
371
national
-
-
-
7 139
labour market
-
-
-
5 090
total
-
-
-
25 591
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
64 000
64 000
64 000
64 000
Total tax
72 720
72 720
72 720
25 591
After tax
-8 720
-8 720
-8 720
38 409
Living cost
20 635
20 635
20 635
20 635
Free-cash
-29 355
-29 355
-29 355
17 774

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴4045
₴3768
₴34560
₴25149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
108
income
-
-
-
17 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
20 211
Employee
14 518
-
56 962
-
health
1 662
-
6 522
-
income
1 992
-
12 814
-
pensions
1 635
-
3 248
-
total
5 289
-
22 584
-
Employer
14 518
-
56 962
-
accident
242
-
951
-
unemployment
356
-
1 396
-
pensions
2 361
-
4 691
-
total
2 959
-
7 038
-
Corporate
46 523
64 000
-
-
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.

41 871
57 600
-
-
total
41 871
57 600
-
-
Dividends
4 652
6 400
-
-
withholding
884
1 216
-
-
total
884
1 216
-
-
Income
64 000
64 000
64 000
64 000
Total tax
51 003
58 816
29 622
20 211
After tax
12 997
5 184
34 378
43 789
Living cost
9 229
9 229
9 229
9 229
Free-cash
3 768
-4 045
25 149
34 560

Estimated living cost  is ₴9229 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴24371
₴25175
₴26499
₴17857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
64 000
municipal
-
-
-
11 375
health
-
-
-
807
national
-
-
-
8 876
total
-
-
-
21 058
Employee
22 533
-
53 840
-
health
168
-
650
-
municipal
3 691
-
8 775
-
pensions
1 521
-
3 634
-
unemployment
338
-
808
-
national
372
-
5 673
-
total
6 090
-
19 540
-
Employer
22 533
-
53 840
-
accident
23
-
54
-
unemployment
146
-
350
-
pensions
3 909
-
9 341
-
health
173
-
415
-
total
4 251
-
10 160
-
Corporate
37 215
64 000
-
-
income
7 443
12 800
-
-
total
7 443
12 800
-
-
Dividends

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

22 329
38 400
-
-
national
579
3 474
-
-
municipal
4 019
6 912
-
-
total
4 598
10 386
-
-
Income
64 000
64 000
64 000
64 000
Total tax
22 382
23 186
29 700
21 058
After tax
41 618
40 814
34 300
42 942
Living cost
16 443
16 443
16 443
16 443
Free-cash
25 175
24 371
17 857
26 499

Estimated living cost  is ₴16443 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴36809
₴34479
₴34401
₴33805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
11 121
health
-
-
-
1 632
social contributions
-
-
-
6 930
total
-
-
-
19 683
Employee
32 933
32 933
59 218
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 007
-
income
3 586
3 049
10 802
-
total
5 086
6 342
15 496
-
Employer
32 933
32 933
59 218
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 096
-
total
1 522
3 343
4 783
-
Corporate
47 475
27 724
-
-
income
5 935
3 466
-
-
total
5 935
3 466
-
-
Dividends
41 541
24 258
-
-
withholding
7 062
4 124
-
-
total
7 062
4 124
-
-
Income
64 000
64 000
64 000
64 000
Total tax
19 605
17 275
20 279
19 683
After tax
44 395
46 725
43 721
44 317
Living cost
9 916
9 916
9 916
9 916
Free-cash
34 479
36 809
33 805
34 401

Estimated living cost  is ₴9916 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴46199
₴44019
₴46497
₴37907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64 000
income
-
-
-
6 417
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
10 703
Employee

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

9 831
-
59 814
-
health
836
-
3 454
-
income
672
-
5 355
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
15 108
-
Employer

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

9 831
-
59 814
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
53 157
64 000
-
-
income
4 784
5 760
-
-
total
4 784
5 760
-
-
Dividends
48 373
58 240
-
-
withholding
4 354
5 241
-
-
total
4 354
5 241
-
-
Income
64 000
64 000
64 000
64 000
Total tax
13 181
11 001
19 293
10 703
After tax
50 819
52 999
44 707
53 297
Living cost
6 800
6 800
6 800
6 800
Free-cash
44 019
46 199
37 907
46 497

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
₴31022
₴29052
₴24267
₴22470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
358
income
-
-
-
16 046
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 956
Employee
15 836
-
51 345
-
other
15
-
40
-
income
3 053
-
14 576
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
17 097
-
Employer
15 836
-
51 345
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
43 115
64 000
-
-
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.

6 467
9 600
-
-
total
6 467
9 600
-
-
Dividends
36 648
54 400
-
-
withholding
7 598
11 601
-
-
total
7 598
11 601
-
-
Income
64 000
64 000
64 000
64 000
Total tax
23 171
21 201
29 753
27 956
After tax
40 829
42 799
34 247
36 044
Living cost
11 777
11 777
11 777
11 777
Free-cash
29 052
31 022
22 470
24 267

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴38766
₴38573
₴39743
₴39661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
21 615
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
23 087
Employee
1 782
-
63 040
-
health
89
-
213
-
income
345
-
21 570
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
22 210
-
Employer
1 782
-
63 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
61 817
64 000
-
-
income
13 600
14 080
-
-
total
13 600
14 080
-
-
Dividends
48 218
49 920
-
-
withholding
9 644
9 984
-
-
total
9 644
9 984
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 257
24 064
23 169
23 087
After tax
39 743
39 936
40 831
40 913
Living cost
1 170
1 170
1 170
1 170
Free-cash
38 573
38 766
39 661
39 743

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
₴38832
₴36724
₴30415
₴30416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
income
-
-
-
14 211
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
26 177
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
-
58 334
-
health
575
-
1 630
-
income
1 540
-
14 211
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
20 510
-
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
-
58 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
50 830
64 000
-
-
income
7 625
9 600
-
-
total
7 625
9 600
-
-
Dividends
43 206
54 400
-
-
withholding
6 481
8 160
-
-
total
6 481
8 160
-
-
Income
64 000
64 000
64 000
64 000
Total tax
19 868
17 760
26 176
26 177
After tax
44 132
46 240
37 824
37 823
Living cost
7 408
7 408
7 408
7 408
Free-cash
36 724
38 832
30 416
30 415

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
₴24857
₴24702
₴23128
₴18612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
income
-
-
-
7 086
surtax
-
-
-
-
social contributions

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

-
-
-
22 240
total
-
-
-
29 326
Employee
16 623
-
51 717
-
social contributions
1 829
-
5 689
-
surtax
-
-
-
-
income
3 248
-
15 871
-
total
5 077
-
21 560
-
Employer
16 623
-
51 717
-
social contributions
3 948
-
12 282
-
total
3 948
-
12 282
-
Corporate
43 430
64 000
-
-
surtax
-
-
-
-
income
9 120
13 440
-
-
total
9 120
13 440
-
-
Dividends
34 310
50 560
-
-
withholding
9 607
14 157
-
-
total
9 607
14 157
-
-
Income
64 000
64 000
64 000
64 000
Total tax
27 752
27 597
33 842
29 326
After tax
36 248
36 403
30 158
34 674
Living cost
11 546
11 546
11 546
11 546
Free-cash
24 702
24 857
18 612
23 128

Estimated living cost  is ₴11546 per week

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

Source of data for Porto model

Close
Madrid , Spain
₴27747
₴24756
₴20992
₴19195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
358
income
-
-
-
16 046
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 956
Employee
20 684
-
51 345
-
other
20
-
40
-
income
4 320
-
14 576
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
17 097
-
Employer
20 684
-
51 345
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
36 721
64 000
-
-
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.

5 508
9 600
-
-
total
5 508
9 600
-
-
Dividends
31 213
54 400
-
-
withholding
6 457
11 601
-
-
total
6 457
11 601
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 192
21 201
29 753
27 956
After tax
39 808
42 799
34 247
36 044
Living cost
15 052
15 052
15 052
15 052
Free-cash
24 756
27 747
19 195
20 992

Estimated living cost  is ₴15052 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴47348
₴44737
₴43030
₴45416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
9 600
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
-
-
-
13 598
Employee
9 762
-
61 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
6 106
-
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
-
8 274
-
Employer
9 762
-
61 063
-
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
52 322
64 000
-
-
income
5 232
6 400
-
-
total
5 232
6 400
-
-
Dividends
47 090
57 600
-
-
withholding
2 354
2 880
-
-
total
2 354
2 880
-
-
Income
64 000
64 000
64 000
64 000
Total tax
11 891
9 280
11 212
13 598
After tax
52 109
54 720
52 788
50 402
Living cost
7 372
7 372
7 372
7 372
Free-cash
44 737
47 348
45 416
43 030

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
₴16423
₴22024
₴18679
₴25006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
trade
-
-
-
6 327
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.

-
-
-
18 515
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 018
total
-
-
-
28 786
Employee

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

21 310
-
64 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 018
-
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
-
18 515
-
total
4 775
-
22 459
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 690
64 000
-
-
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.

352
528
-
-
income
6 404
9 600
-
-
trade
6 126
9 184
-
-
chamber of commerce
128
158
-
-
total
13 010
19 470
-
-
Dividends
29 681
44 529
-
-
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.

399
603
-
-
withholding
7 257
10 969
-
-
total
7 656
11 572
-
-
Income
64 000
64 000
64 000
64 000
Total tax
25 441
31 042
22 459
28 786
After tax
38 559
32 958
41 541
35 214
Living cost
16 535
16 535
16 535
16 535
Free-cash
22 024
16 423
25 006
18 679

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴20403
₴21348
₴10669
₴10669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
18 521
social contributions
-
-
-
10 413
total
-
-
-
28 934
Employee
33 502
-
64 000
-
income
6 322
-
18 521
-
social contributions
2 783
-
10 413
-
total
9 105
-
28 934
-
Employer
33 502
-
64 000
-
total
-
-
-
-
Corporate
30 498
64 000
-
-
income
3 813
8 000
-
-
total
3 813
8 000
-
-
Dividends
26 686
56 000
-
-
withholding
5 337
11 200
-
-
total
5 337
11 200
-
-
Income
64 000
64 000
64 000
64 000
Total tax
18 255
19 200
28 934
28 934
After tax
45 745
44 800
35 066
35 066
Living cost
24 397
24 397
24 397
24 397
Free-cash
21 348
20 403
10 669
10 669

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴23790
₴25285
₴33401
₴30656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
income
-
-
-
12 191
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
-
-
-
15 052
Employee
19 647
-
62 030
-
income
2 132
-
13 857
-
social contributions
1 969
-
1 970
-
total
4 101
-
15 827
-
Employer
19 647
-
62 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
42 384
64 000
-
-
income
14 835
22 400
-
-
total
14 835
22 400
-
-
Dividends
27 550
41 600
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
64 000
64 000
64 000
64 000
Total tax
23 168
24 663
17 797
15 052
After tax
40 832
39 337
46 203
48 948
Living cost
15 547
15 547
15 547
15 547
Free-cash
25 285
23 790
30 656
33 401

Estimated living cost  is ₴15547 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴27191
₴29564
₴27355
₴21497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
income
-
-
-
17 048
pensions
-
-
-
3 633
total
-
-
-
20 681
Employee
21 912
-
56 016
-
health
286
-
858
-
income
3 990
-
13 143
-
pensions
1 672
-
4 554
-
total
5 948
-
18 555
-
Employer
21 912
-
56 016
-
pensions
2 214
-
6 920
-
health
416
-
1 064
-
total
2 630
-
7 984
-
Corporate
39 457
64 000
-
-
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.

7 497
12 160
-
-
total
7 497
12 160
-
-
Dividends
31 960
51 840
-
-
withholding
2 397
8 685
-
-
total
2 397
8 685
-
-
Income
64 000
64 000
64 000
64 000
Total tax
18 472
20 845
26 539
20 681
After tax
45 528
43 155
37 461
43 319
Living cost
15 964
15 964
15 964
15 964
Free-cash
29 564
27 191
21 497
27 355

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4959
₴3628
₴33646
₴24235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
accident
-
-
-
108
income
-
-
-
17 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
20 211
Employee
15 955
-
56 962
-
health
1 827
-
6 522
-
income
2 189
-
12 814
-
pensions
1 797
-
3 248
-
total
5 813
-
22 584
-
Employer
15 955
-
56 962
-
accident
266
-
951
-
unemployment
391
-
1 396
-
pensions
2 594
-
4 691
-
total
3 251
-
7 038
-
Corporate
44 793
64 000
-
-
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.

40 314
57 600
-
-
total
40 314
57 600
-
-
Dividends
4 479
6 400
-
-
withholding
851
1 216
-
-
total
851
1 216
-
-
Income
64 000
64 000
64 000
64 000
Total tax
50 229
58 816
29 622
20 211
After tax
13 771
5 184
34 378
43 789
Living cost
10 143
10 143
10 143
10 143
Free-cash
3 628
-4 959
24 235
33 646

Estimated living cost  is ₴10143 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴48071
₴46068
₴30236
₴38418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 000
work injury
-
-
-
320
health insurance
-
-
-
4 736
income
-
-
-
10 379
pensions
-
-
-
11 776
unemployment
-
-
-
768
total
-
-
-
27 979
Employee

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

9 257
-
64 000
-
work injury
46
-
171
-
income
926
-
10 379
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
19 797
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 743
64 000
-
-
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%.

547
640
-
-
total
547
640
-
-
Dividends
54 196
63 360
-
-
withholding
8 129
9 504
-
-
total
8 129
9 504
-
-
Income
64 000
64 000
64 000
64 000
Total tax
12 147
10 144
19 797
27 979
After tax
51 853
53 856
44 203
36 021
Living cost
5 785
5 785
5 785
5 785
Free-cash
46 068
48 071
38 418
30 236

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
₴16650
₴14702
₴13436
₴10575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 000
municipal
-
-
-
428
regional
-
-
-
1 454
national
-
-
-
15 159
social contributions
-
-
-
16 461
total
-
-
-
33 502
Employee
36 090
-
64 000
-
social contributions
12 169
-
21 580
-
regional
545
-
1 272
-
municipal
215
-
382
-
national
6 099
-
13 129
-
total
19 028
-
36 363
-
Employer
36 090
-
64 000
-
total
-
-
-
-
Corporate
27 910
64 000
-
-
nationa
6 698
15 360
-
-
municipal
1 345
3 084
-
-
total
8 043
18 444
-
-
Dividends
19 867
45 555
-
-
withholding
5 165
11 844
-
-
total
5 165
11 844
-
-
Income
64 000
64 000
64 000
64 000
Total tax
32 236
30 288
36 363
33 502
After tax
31 764
33 712
27 637
30 498
Living cost
17 062
17 062
17 062
17 062
Free-cash
14 702
16 650
10 575
13 436

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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