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
₴ 65000
per

Your estimated
City
free-cash

Dresden , Germany
₴17890
₴28058
₴21430
₴23340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income

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

-
-
-
17 671
surtax

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

-
-
-
972
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.

-
-
-
3 368
trade
-
-
-
6 628
total
-
-
-
28 639
Employee

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

18 854
-
65 000
-
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.

29
-
972
-
income

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

527
-
17 671
-
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.

3 368
-
3 368
-
total
3 924
-
22 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 146
65 000
-
-
income
6 922
9 750
-
-
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.

381
536
-
-
chamber of commerce
141
168
-
-
trade
7 268
10 237
-
-
total
14 712
20 691
-
-
Dividends
31 434
44 308
-
-
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.

422
599
-
-
withholding
7 671
10 889
-
-
total
8 093
11 488
-
-
Income
65 000
65 000
65 000
65 000
Total tax
26 729
32 179
22 011
28 639
After tax
38 271
32 821
42 989
36 361
Living cost
14 931
14 931
14 931
14 931
Free-cash
23 340
17 890
28 058
21 430

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14159
₴12938
₴12428
₴13720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
social contributions
-
-
-
699
municipal
-
-
-
6 931
national
-
-
-
10 741
pensions
-
-
-
7 800
total
-
-
-
26 171
Employee
40 926
-
56 192
-
municipal
5 055
-
7 183
-
pensions
1 637
-
2 248
-
national
7 833
-
11 131
-
total
14 525
-
20 562
-
Employer
40 926
-
56 192
-
pensions
3 274
-
4 495
-
social contributions
440
-
604
-
total
3 714
-
5 099
-
Corporate
17 659
65 000
-
-
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%.

3 532
13 000
-
-
total
3 532
13 000
-
-
Dividends
14 127
52 000
-
-
withholding
3 108
11 440
-
-
total
3 108
11 440
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 879
24 440
25 661
26 171
After tax
40 121
40 560
39 339
38 829
Living cost
26 401
26 401
26 401
26 401
Free-cash
13 720
14 159
12 938
12 428

Estimated living cost  is ₴26401 per week

₴17944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41745
₴26204
₴9238
₴37701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
10 045
surtax
-
-
-
16 575
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.

-
-
-
18 887
microenterprise
-
-
-
-
total
-
-
-
45 507
Employee
14 404
-
52 381
-
surtax
-
-
-
-
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.

1 585
-
5 762
-
income
2 564
-
10 161
-
total
4 149
-
15 923
-
Employer
14 404
-
52 381
-
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.

3 470
-
12 618
-
surtax
-
-
-
-
total
3 470
-
12 618
-
Corporate
47 127
65 000
-
-
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%.

9 425
13 000
-
-
total
9 425
13 000
-
-
Dividends

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

37 701
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
17 044
13 000
28 541
45 507
After tax
47 956
52 000
36 459
19 493
Living cost
10 255
10 255
10 255
10 255
Free-cash
37 701
41 745
26 204
9 238

Estimated living cost  is ₴10255 per week

₴6542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11206
₴16446
₴16755
₴8186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
15 742
health
-
-
-
6 078
pensions
-
-
-
5 775
total
-
-
-
27 595
Employee
42 095
42 095
55 839
-
pensions
7 577
5 775
5 775
-
income

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

6 890
6 890
6 890
-
health
6 461
5 496
6 078
-
total
20 928
18 161
18 743
-
Employer
42 095
42 095
55 839
-
health
2 926
2 926
3 636
-
pensions
2 930
2 930
3 642
-
unemployment
1 515
1 515
1 883
-
total
7 371
7 371
9 161
-
Corporate
16 050
15 534
-
-
income
3 210
3 107
-
-
total
3 210
3 107
-
-
Dividends
12 840
12 427
-
-
income
2 729
2 641
-
-
withholding
1 926
1 864
-
-
total
4 655
4 505
-
-
Income
65 000
65 000
65 000
65 000
Total tax
36 164
33 144
27 904
27 595
After tax
28 836
31 856
37 096
37 405
Living cost
20 650
20 650
20 650
20 650
Free-cash
8 186
11 206
16 446
16 755

Estimated living cost  is ₴20650 per week

₴14634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15261
₴13769
₴14315
₴14807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
89
other
-
-
-
5 152
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
15 553
national
-
-
-
2 059
pensions
-
-
-
4 793
total
-
-
-
30 456
Employee
28 824
-
51 070
-
municipal
8 595
-
15 229
-
national
-
-
1 842
-
total
8 595
-
17 071
-
Employer
28 824
-
51 070
-
health
1 773
-
2 727
-
pensions
3 116
-
4 793
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 152
-
total
9 057
-
13 931
-
Corporate
27 119
65 000
-
-
income
5 966
14 300
-
-
total
5 966
14 300
-
-
Dividends
21 153
50 700
-
-
withholding
6 346
15 210
-
-
total
6 346
15 210
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 964
29 510
31 002
30 456
After tax
35 036
35 490
33 998
34 544
Living cost
20 229
20 229
20 229
20 229
Free-cash
14 807
15 261
13 769
14 315

Estimated living cost  is ₴20229 per week

₴13407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13121
₴23624
₴16702
₴20045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income

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

-
-
-
17 671
surtax

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

-
-
-
972
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.

-
-
-
3 368
trade
-
-
-
6 922
total
-
-
-
28 933
Employee

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

24 998
-
65 000
-
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.

118
-
972
-
income

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

2 148
-
17 671
-
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.

3 368
-
3 368
-
total
5 634
-
22 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 002
65 000
-
-
income
6 000
9 750
-
-
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.

330
536
-
-
chamber of commerce
132
167
-
-
trade
6 581
10 692
-
-
total
13 043
21 145
-
-
Dividends
26 959
43 854
-
-
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.

360
593
-
-
withholding
6 553
10 776
-
-
total
6 913
11 369
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 590
32 514
22 011
28 933
After tax
39 410
32 486
42 989
36 067
Living cost
19 365
19 365
19 365
19 365
Free-cash
20 045
13 121
23 624
16 702

Estimated living cost  is ₴19365 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31500
₴28815
₴29494
₴29456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
9 884
social contributions
-
-
-
7 976
health
-
-
-
1 658
total
-
-
-
19 518
Employee
37 904
37 904
59 653
-
social contributions
1 842
3 146
4 243
-
income
3 980
3 509
9 593
-
health
377
645
1 014
-
total
6 199
7 300
14 850
-
Employer
37 904
37 904
59 653
-
health
411
702
1 104
-
social contributions
1 842
3 146
4 243
-
total
2 253
3 848
5 347
-
Corporate
40 560
23 248
-
-
income
5 070
2 906
-
-
total
5 070
2 906
-
-
Dividends
35 490
20 342
-
-
withholding
6 034
3 458
-
-
total
6 034
3 458
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 556
17 512
20 197
19 518
After tax
45 444
47 488
44 803
45 482
Living cost
15 988
15 988
15 988
15 988
Free-cash
29 456
31 500
28 815
29 494

Estimated living cost  is ₴15988 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27498
₴28617
₴35966
₴27689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
7 946
unemployment
-
-
-
975
health
-
-
-
4 550
pensions
-
-
-
6 500
total
-
-
-
19 971
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.

13 083
5 207
54 393
-
unemployment
196
78
816
-
pensions
1 308
521
5 439
-
income
1 599
637
6 650
-
health
916
364
3 808
-
total
4 019
1 600
16 713
-
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.

13 083
5 207
54 393
-
pensions
2 551
1 015
10 607
-
total
2 551
1 015
10 607
-
Corporate
49 365
58 778
-
-
income
4 443
5 290
-
-
total
4 443
5 290
-
-
Dividends
44 923
53 488
-
-
social contributions
8 700
10 371
-
-
withholding
8 535
10 163
-
-
total
17 235
20 534
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 248
28 439
27 320
19 971
After tax
36 752
36 561
37 680
45 029
Living cost
9 063
9 063
9 063
9 063
Free-cash
27 689
27 498
28 617
35 966

Estimated living cost  is ₴9063 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40094
₴25560
₴22934
₴37031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
8 710
health
-
-
-
8 450
pensions
-
-
-
13 000
total
-
-
-
30 160
Employee
13 984
-
48 581
-
unemployment
224
-
777
-
pensions
280
-
972
-
income
1 574
-
9 367
-
total
2 078
-
11 116
-
Employer
13 984
-
48 581
-
health
1 818
-
6 315
-
pensions
2 797
-
9 715
-
unemployment
112
-
388
-
total
4 727
-
16 418
-
Corporate
46 289
65 000
-
-
income
9 258
13 000
-
-
total
9 258
13 000
-
-
Dividends
37 031
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
16 063
13 000
27 534
30 160
After tax
48 937
52 000
37 466
34 840
Living cost
11 906
11 906
11 906
11 906
Free-cash
37 031
40 094
25 560
22 934

Estimated living cost  is ₴11906 per week

₴8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5758
₴23466
₴33494
₴3576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
127
income
-
-
-
16 992
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
20 483
Employee
17 339
-
57 126
-
pensions
1 952
-
3 823
-
income
2 379
-
12 273
-
health
1 985
-
6 541
-
total
6 316
-
22 637
-
Employer
17 339
-
57 126
-
pensions
2 819
-
5 520
-
accident
289
-
954
-
unemployment
425
-
1 400
-
total
3 533
-
7 874
-
Corporate
44 127
65 000
-
-
income

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

39 714
58 500
-
-
total
39 714
58 500
-
-
Dividends
4 413
6 500
-
-
withholding
838
1 235
-
-
total
838
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
50 401
59 735
30 511
20 483
After tax
14 599
5 265
34 489
44 517
Living cost
11 023
11 023
11 023
11 023
Free-cash
3 576
-5 758
23 466
33 494

Estimated living cost  is ₴11023 per week

₴8079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57724
₴47974
₴60324
₴56970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
65 000
microenterprise

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

-
-
-
650
total
-
-
-
650
Employee
5 033
-
65 000
-
income
1 006
-
13 000
-
total
1 006
-
13 000
-
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%.

59 967
65 000
-
-
total
-
-
-
-
Dividends
59 967
65 000
-
-
withholding
2 998
3 250
-
-
total
2 998
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
4 004
3 250
13 000
650
After tax
60 996
61 750
52 000
64 350
Living cost
4 026
4 026
4 026
4 026
Free-cash
56 970
57 724
47 974
60 324

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34620
₴24229
₴21541
₴31291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
8 777
other
-
-
-
3 088
health
-
-
-
2 860
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.

-
-
-
15 599
total
-
-
-
30 324
Employee
17 898
-
51 917
-
unemployment
179
-
519
-
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.

1 253
-
3 634
-
income
3 081
-
9 673
-
health
251
-
727
-
total
4 764
-
14 553
-
Employer
17 898
-
51 917
-
health
251
-
727
-
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.

3 043
-
8 826
-
accident
143
-
415
-
unemployment
179
-
519
-
other
895
-
2 596
-
total
4 511
-
13 083
-
Corporate
42 591
65 000
-
-
income
8 944
13 650
-
-
total
8 944
13 650
-
-
Dividends
33 648
51 350
-
-
withholding
2 355
3 595
-
-
total
2 355
3 595
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 574
17 245
27 636
30 324
After tax
44 426
47 755
37 364
34 676
Living cost
13 135
13 135
13 135
13 135
Free-cash
31 291
34 620
24 229
21 541

Estimated living cost  is ₴13135 per week

₴9280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12122
₴5987
₴11986
₴9280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
16 332
pensions
-
-
-
3 977
total
-
-
-
20 309
Employee
46 273
-
56 977
-
pensions
4 464
-
5 046
-
income
8 341
-
12 331
-
health
762
-
908
-
total
13 567
-
18 285
-
Employer
46 273
-
56 977
-
health
879
-
1 082
-
pensions
5 463
-
6 941
-
total
6 342
-
8 023
-
Corporate
12 385
65 000
-
-
income

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

2 353
12 350
-
-
total
2 353
12 350
-
-
Dividends
10 032
52 650
-
-
withholding
753
7 823
-
-
total
753
7 823
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 015
20 173
26 308
20 309
After tax
41 985
44 827
38 692
44 691
Living cost
32 705
32 705
32 705
32 705
Free-cash
9 280
12 122
5 987
11 986

Estimated living cost  is ₴32705 per week

₴24506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴49112
₴46505
₴44190
₴46823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
9 750
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
14 347
Employee
8 559
-
61 622
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 512
-
income
856
-
6 162
-
health
394
-
792
-
total
2 095
-
8 655
-
Employer
8 559
-
61 622
-
health
591
-
1 188
-
pensions

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

943
-
1 897
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 377
-
Corporate
54 762
65 000
-
-
income
5 476
6 500
-
-
total
5 476
6 500
-
-
Dividends
49 286
58 500
-
-
withholding
2 464
2 925
-
-
total
2 464
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
11 714
9 425
12 032
14 347
After tax
53 286
55 575
52 968
50 653
Living cost
6 463
6 463
6 463
6 463
Free-cash
46 823
49 112
46 505
44 190

Estimated living cost  is ₴6463 per week

₴3773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4522
₴9762
₴10071
₴5764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
15 742
health
-
-
-
6 078
pensions
-
-
-
5 775
total
-
-
-
27 595
Employee
45 701
42 095
55 839
-
pensions
5 775
5 775
5 775
-
income

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

6 890
6 890
6 890
-
health
5 702
5 496
6 078
-
total
18 367
18 161
18 743
-
Employer
45 701
42 095
55 839
-
health
3 176
2 926
3 636
-
pensions
3 180
2 930
3 642
-
unemployment
1 645
1 515
1 883
-
total
8 001
7 371
9 161
-
Corporate
11 297
15 534
-
-
income
2 259
3 107
-
-
total
2 259
3 107
-
-
Dividends
9 038
12 427
-
-
income
1 920
2 641
-
-
withholding
1 355
1 864
-
-
total
3 275
4 505
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 902
33 144
27 904
27 595
After tax
33 098
31 856
37 096
37 405
Living cost
27 334
27 334
27 334
27 334
Free-cash
5 764
4 522
9 762
10 071

Estimated living cost  is ₴27334 per week

₴20163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2441
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32486
₴20718
₴20523
₴28111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
5 786
social contributions
-
-
-
17 650
solidarity contribution
-
-
-
-
health
-
-
-
8 775
total
-
-
-
32 211
Employee
18 038
-
48 507
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 153
-
income
2 165
-
5 821
-
health
2 435
-
6 549
-
total
5 772
-
15 523
-
Employer
18 038
-
48 507
-
health
1 623
-
4 366
-
social contributions
4 509
-
12 127
-
total
6 132
-
16 493
-
Corporate
40 829
65 000
-
-
income
7 758
12 350
-
-
total
7 758
12 350
-
-
Dividends
33 072
52 650
-
-
withholding
4 961
7 898
-
-
total
4 961
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 623
20 248
32 016
32 211
After tax
40 377
44 752
32 984
32 789
Living cost
12 266
12 266
12 266
12 266
Free-cash
28 111
32 486
20 718
20 523

Estimated living cost  is ₴12266 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13880
₴8353
₴11447
₴11307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
social contributions
-
-
-
16 718
regional
-
-
-
745
municipal
-
-
-
386
national
-
-
-
14 904
total
-
-
-
32 753
Employee
43 809
-
65 000
-
municipal
232
-
344
-
national
7 591
-
12 929
-
regional
413
-
656
-
social contributions
14 772
-
21 918
-
total
23 008
-
35 847
-
Employer
43 809
-
65 000
-
total
-
-
-
-
Corporate
21 191
65 000
-
-
municipal
826
2 535
-
-
nationa
5 086
15 600
-
-
total
5 912
18 135
-
-
Dividends
15 279
46 865
-
-
withholding
3 973
12 185
-
-
total
3 973
12 185
-
-
Income
65 000
65 000
65 000
65 000
Total tax
32 893
30 320
35 847
32 753
After tax
32 107
34 680
29 153
32 247
Living cost
20 800
20 800
20 800
20 800
Free-cash
11 307
13 880
8 353
11 447

Estimated living cost  is ₴20800 per week

₴14499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30008
₴18990
₴20066
₴28475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
14 351
other
-
-
-
-
surtax
-
-
-
1 979
unemployment
-
-
-
112
health
-
-
-
4 615
pensions
-
-
-
13 000
total
-
-
-
34 057
Employee
16 301
-
53 696
-
other
-
-
-
-
unemployment
1 135
-
3 737
-
pensions
1 087
-
3 582
-
surtax
53
-
1 810
-
income
2 732
-
13 331
-
health
416
-
1 369
-
total
5 423
-
23 829
-
Employer
16 301
-
53 696
-
health
742
-
2 443
-
pensions
2 173
-
7 158
-
unemployment
516
-
1 703
-
other
-
-
-
-
total
3 431
-
11 304
-
Corporate
45 268
65 000
-
-
income
11 770
16 900
-
-
total
11 770
16 900
-
-
Dividends
33 498
48 100
-
-
withholding
5 024
7 215
-
-
total
5 024
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 648
24 115
35 133
34 057
After tax
39 352
40 885
29 867
30 943
Living cost
10 877
10 877
10 877
10 877
Free-cash
28 475
30 008
18 990
20 066

Estimated living cost  is ₴10877 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22484
₴16349
₴22348
₴22511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
16 332
pensions
-
-
-
3 977
total
-
-
-
20 309
Employee
31 011
-
56 977
-
pensions
2 632
-
5 046
-
income
5 585
-
12 331
-
health
450
-
908
-
total
8 667
-
18 285
-
Employer
31 011
-
56 977
-
health
589
-
1 082
-
pensions
3 357
-
6 941
-
total
3 946
-
8 023
-
Corporate
30 043
65 000
-
-
income

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

5 708
12 350
-
-
total
5 708
12 350
-
-
Dividends
24 335
52 650
-
-
withholding
1 825
7 823
-
-
total
1 825
7 823
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 146
20 173
26 308
20 309
After tax
44 854
44 827
38 692
44 691
Living cost
22 343
22 343
22 343
22 343
Free-cash
22 511
22 484
16 349
22 348

Estimated living cost  is ₴22343 per week

₴16739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9760
₴10950
₴14165
₴7134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
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.

-
-
-
1 300
regional
-
-
-
2 604
health
-
-
-
146
city
-
-
-
685
national
-
-
-
638
pensions
-
-
-
5 980
total
-
-
-
11 353
Employee
46 204
-
58 178
-
unemployment
-
-
-
-
pensions
3 882
-
4 888
-
national
219
-
499
-
regional
1 513
-
2 243
-
city
496
-
625
-
health
104
-
131
-
total
6 214
-
8 386
-
Employer
46 204
-
58 178
-
health
104
-
131
-
pensions
3 882
-
4 888
-
unemployment
-
-
-
-
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.

924
-
1 163
-
total
4 910
-
6 182
-
Corporate
13 378
65 000
-
-
regional
2 829
13 748
-
-
national
1 137
5 525
-
-
total
3 966
19 273
-
-
Dividends
9 412
45 728
-
-
withholding
3 294
16 005
-
-
total
3 294
16 005
-
-
Income
65 000
65 000
65 000
65 000
Total tax
18 384
35 278
14 568
11 353
After tax
46 616
29 722
50 432
53 647
Living cost
39 482
39 482
39 482
39 482
Free-cash
7 134
-9 760
10 950
14 165

Estimated living cost  is ₴39482 per week

₴25675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9567
₴20407
₴13190
₴17561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income

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

-
-
-
17 671
surtax

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

-
-
-
972
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.

-
-
-
3 368
trade
-
-
-
7 217
total
-
-
-
29 228
Employee

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

29 625
-
65 000
-
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.

192
-
972
-
income

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

3 484
-
17 671
-
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.

3 368
-
3 368
-
total
7 044
-
22 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 375
65 000
-
-
income
5 307
9 750
-
-
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.

292
536
-
-
chamber of commerce
124
167
-
-
trade
6 067
11 148
-
-
total
11 790
21 601
-
-
Dividends
23 585
43 400
-
-
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.

314
587
-
-
withholding
5 709
10 663
-
-
total
6 023
11 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 857
32 851
22 011
29 228
After tax
40 143
32 149
42 989
35 772
Living cost
22 582
22 582
22 582
22 582
Free-cash
17 561
9 567
20 407
13 190

Estimated living cost  is ₴22582 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15895
₴21302
₴20119
₴18807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
8 412
other
-
-
-
2 015
surtax
-
-
-
-
social contributions
-
-
-
1 851
health
-
-
-
2 067
pensions
-
-
-
13 671
total
-
-
-
28 016
Employee
21 097
-
51 586
-
pensions
2 385
-
3 056
-
surtax
-
-
-
-
social contributions
601
-
1 470
-
income
1 245
-
8 892
-
total
4 231
-
13 418
-
Employer
21 097
-
51 586
-
health
1 477
-
4 145
-
pensions
3 466
-
5 241
-
unemployment
854
-
2 089
-
social contributions
64
-
154
-
other
728
-
1 786
-
total
6 589
-
13 415
-
Corporate
37 315
65 000
-
-
income
10 448
18 200
-
-
surtax
-
-
-
-
total
10 448
18 200
-
-
Dividends
26 867
46 800
-
-
surtax
-
-
-
-
social contributions
4 621
8 049
-
-
withholding
3 439
5 991
-
-
total
8 060
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 328
32 240
26 833
28 016
After tax
35 672
32 760
38 167
36 984
Living cost
16 865
16 865
16 865
16 865
Free-cash
18 807
15 895
21 302
20 119

Estimated living cost  is ₴16865 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17566
₴22973
₴21790
₴20305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
8 412
other
-
-
-
2 015
surtax
-
-
-
-
social contributions
-
-
-
1 851
health
-
-
-
2 067
pensions
-
-
-
13 671
total
-
-
-
28 016
Employee
18 832
-
51 586
-
pensions
2 130
-
3 056
-
surtax
-
-
-
-
social contributions
537
-
1 470
-
income
971
-
8 892
-
total
3 638
-
13 418
-
Employer
18 832
-
51 586
-
health
1 318
-
4 145
-
pensions
3 094
-
5 241
-
unemployment
762
-
2 089
-
social contributions
56
-
154
-
other
650
-
1 786
-
total
5 880
-
13 415
-
Corporate
40 287
65 000
-
-
income
11 280
18 200
-
-
surtax
-
-
-
-
total
11 280
18 200
-
-
Dividends
29 006
46 800
-
-
surtax
-
-
-
-
social contributions
4 990
8 049
-
-
withholding
3 713
5 991
-
-
total
8 703
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 501
32 240
26 833
28 016
After tax
35 499
32 760
38 167
36 984
Living cost
15 194
15 194
15 194
15 194
Free-cash
20 305
17 566
22 973
21 790

Estimated living cost  is ₴15194 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29201
₴30591
₴31290
₴29459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
9 750
social contributions
-
-
-
8 970
health
-
-
-
4 537
total
-
-
-
23 257
Employee
16 713
-
65 000
-
social contributions
2 307
-
8 970
-
income
2 788
-
10 449
-
health
1 166
-
4 537
-
total
6 261
-
23 956
-
Employer
16 713
-
65 000
-
total
-
-
-
-
Corporate
48 287
65 000
-
-
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%.

2 414
3 250
-
-
total
2 414
3 250
-
-
Dividends
45 872
61 750
-
-
social contributions
6 330
8 522
-
-
withholding
6 881
9 263
-
-
health
3 202
4 311
-
-
total
16 413
22 096
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 088
25 346
23 956
23 257
After tax
39 912
39 654
41 044
41 743
Living cost
10 453
10 453
10 453
10 453
Free-cash
29 459
29 201
30 591
31 290

Estimated living cost  is ₴10453 per week

₴6995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18804
₴330
₴15379
₴18041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
13 813
surtax
-
-
-
97
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
260
health
-
-
-
4 405
pensions
-
-
-
10 654
total
-
-
-
32 252
Employee
24 635
19 644
50 398
-
other
246
196
504
-
unemployment
739
589
1 512
-
pensions
2 523
2 011
5 161
-
income
2 804
1 449
11 440
-
health
953
761
1 950
-
total
7 265
5 006
20 567
-
Employer
24 635
19 644
50 398
-
chamber of commerce
98
79
202
-
health
931
743
1 905
-
pensions
3 092
2 466
6 325
-
accident
320
255
655
-
unemployment
739
589
1 512
-
surtax
97
97
97
-
payroll
739
589
1 512
-
other
1 170
933
2 394
-
total
7 186
5 751
14 602
-
Corporate
33 179
39 605
48 528
-
income

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

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

8 295
9 902
12 132
-
total
8 295
9 902
12 132
-
Dividends
24 885
29 703
-
-
withholding
6 844
8 168
-
-
total
6 844
8 168
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 590
28 827
47 301
32 252
After tax
35 410
36 173
17 699
32 748
Living cost
17 369
17 369
17 369
17 369
Free-cash
18 041
18 804
330
15 379

Estimated living cost  is ₴17369 per week

₴11584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
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.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18425
₴6133
₴10949
₴11034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
communal

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

-
-
-
3 282
social contributions
-
-
-
10 286
national
-
-
-
22 510
total
-
-
-
36 078
Employee

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

35 260
-
50 344
-
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.

307
-
438
-
communal

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

1 839
-
2 626
-
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.

2 644
-
3 775
-
national
10 840
-
17 035
-
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.

1 657
-
2 367
-
total
17 287
-
26 241
-
Employer

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

35 260
-
50 344
-
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.

2 168
-
3 096
-
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.

3 124
-
4 460
-
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.

458
-
654
-
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.

514
-
735
-
surtax
3 998
-
5 708
-
total
10 262
-
14 653
-
Corporate
19 476
65 000
-
-
income
3 895
13 000
-
-
surtax
78
260
-
-
total
3 973
13 260
-
-
Dividends
15 504
51 740
-
-
withholding

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

4 471
15 342
-
-
total
4 471
15 342
-
-
Income
65 000
65 000
65 000
65 000
Total tax
35 993
28 602
40 894
36 078
After tax
29 007
36 398
24 106
28 922
Living cost
17 973
17 973
17 973
17 973
Free-cash
11 034
18 425
6 133
10 949

Estimated living cost  is ₴17973 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25788
₴16163
₴18533
₴22031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
412
income
-
-
-
14 957
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
28 665
Employee
24 537
-
50 434
-
other
24
-
46
-
unemployment
381
-
708
-
pensions
1 153
-
2 148
-
income
5 177
-
13 566
-
total
6 735
-
16 468
-
Employer
24 537
-
50 434
-
pensions
5 790
-
10 783
-
accident
485
-
905
-
unemployment
1 350
-
2 513
-
other
196
-
366
-
total
7 821
-
14 567
-
Corporate
32 642
65 000
-
-
income

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

4 896
9 750
-
-
total
4 896
9 750
-
-
Dividends
27 746
55 250
-
-
withholding
5 715
11 660
-
-
total
5 715
11 660
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 167
21 410
31 035
28 665
After tax
39 833
43 590
33 965
36 335
Living cost
17 802
17 802
17 802
17 802
Free-cash
22 031
25 788
16 163
18 533

Estimated living cost  is ₴17802 per week

₴13109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12292
₴10386
₴7792
₴7265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
communal
-
-
-
4 108
accident
-
-
-
548
income
-
-
-
8 232
surtax
-
-
-
3 223
health
-
-
-
4 566
pensions
-
-
-
9 743
total
-
-
-
30 420
Employee
37 330
-
58 061
-
pensions
2 986
-
4 644
-
surtax
2 288
-
3 558
-
income
3 606
-
10 102
-
health
1 661
-
2 584
-
total
10 541
-
20 888
-
Employer
37 330
-
58 061
-
health
1 138
-
1 771
-
pensions
2 986
-
4 644
-
accident
336
-
523
-
total
4 460
-
6 938
-
Corporate
23 210
65 000
-
-
communal
1 567
4 387
-
-
income
3 482
9 750
-
-
surtax
244
683
-
-
total
5 293
14 820
-
-
Dividends
17 917
50 180
-
-
income
7 965
3 573
-
-
withholding
2 688
7 527
-
-
total
10 653
11 100
-
-
Income
65 000
65 000
65 000
65 000
Total tax
30 947
25 920
27 826
30 420
After tax
34 053
39 080
37 174
34 580
Living cost
26 788
26 788
26 788
26 788
Free-cash
7 265
12 292
10 386
7 792

Estimated living cost  is ₴26788 per week

₴20095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29813
₴18795
₴19871
₴28245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
14 351
other
-
-
-
-
surtax
-
-
-
1 979
unemployment
-
-
-
112
health
-
-
-
4 615
pensions
-
-
-
13 000
total
-
-
-
34 057
Employee
16 600
-
53 696
-
other
-
-
-
-
unemployment
1 155
-
3 737
-
pensions
1 108
-
3 582
-
surtax
59
-
1 810
-
income
2 783
-
13 331
-
health
424
-
1 369
-
total
5 529
-
23 829
-
Employer
16 600
-
53 696
-
health
755
-
2 443
-
pensions
2 213
-
7 158
-
unemployment
527
-
1 703
-
other
-
-
-
-
total
3 495
-
11 304
-
Corporate
44 905
65 000
-
-
income
11 675
16 900
-
-
total
11 675
16 900
-
-
Dividends
33 230
48 100
-
-
withholding
4 984
7 215
-
-
total
4 984
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 683
24 115
35 133
34 057
After tax
39 317
40 885
29 867
30 943
Living cost
11 072
11 072
11 072
11 072
Free-cash
28 245
29 813
18 795
19 871

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20887
₴15655
₴18733
₴19792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
social contributions
-
-
-
16 718
regional
-
-
-
980
municipal
-
-
-
386
national
-
-
-
14 904
total
-
-
-
32 988
Employee
27 344
-
65 000
-
municipal
145
-
344
-
national
4 332
-
12 929
-
regional
368
-
875
-
social contributions
9 221
-
21 918
-
total
14 066
-
36 066
-
Employer
27 344
-
65 000
-
total
-
-
-
-
Corporate
37 656
65 000
-
-
municipal
1 872
3 230
-
-
nationa
9 037
15 600
-
-
total
10 909
18 830
-
-
Dividends
26 747
46 170
-
-
withholding
6 954
12 004
-
-
total
6 954
12 004
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 929
30 834
36 066
32 988
After tax
33 071
34 166
28 934
32 012
Living cost
13 279
13 279
13 279
13 279
Free-cash
19 792
20 887
15 655
18 733

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29637
₴17869
₴17674
₴24245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
5 786
social contributions
-
-
-
17 650
solidarity contribution
-
-
-
-
health
-
-
-
8 775
total
-
-
-
32 211
Employee
22 227
-
48 507
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 153
-
income
2 667
-
5 821
-
health
3 001
-
6 549
-
total
7 113
-
15 523
-
Employer
22 227
-
48 507
-
health
2 000
-
4 366
-
social contributions
5 557
-
12 127
-
total
7 557
-
16 493
-
Corporate
35 215
65 000
-
-
income
6 691
12 350
-
-
total
6 691
12 350
-
-
Dividends
28 524
52 650
-
-
withholding
4 279
7 898
-
-
total
4 279
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 640
20 248
32 016
32 211
After tax
39 360
44 752
32 984
32 789
Living cost
15 115
15 115
15 115
15 115
Free-cash
24 245
29 637
17 869
17 674

Estimated living cost  is ₴15115 per week

₴11240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20499
₴1992
₴17119
₴20257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
13 813
surtax
-
-
-
-
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
260
health
-
-
-
4 405
pensions
-
-
-
10 654
total
-
-
-
32 155
Employee
21 548
19 644
50 473
-
other
215
196
505
-
unemployment
646
589
1 514
-
pensions
2 207
2 011
5 168
-
income
1 920
1 449
11 466
-
health
833
761
1 953
-
total
5 821
5 006
20 606
-
Employer
21 548
19 644
50 473
-
chamber of commerce
86
79
202
-
health
815
743
1 908
-
pensions
2 704
2 466
6 334
-
accident
280
255
656
-
unemployment
646
589
1 514
-
surtax
-
-
-
-
payroll
646
589
1 514
-
other
1 023
933
2 398
-
total
6 200
5 654
14 526
-
Corporate
37 251
39 702
48 603
-
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.

9 313
9 926
12 150
-
total
9 313
9 926
12 150
-
Dividends
27 938
29 776
-
-
withholding
7 683
8 189
-
-
total
7 683
8 189
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 017
28 775
47 282
32 155
After tax
35 983
36 225
17 718
32 845
Living cost
15 726
15 726
15 726
15 726
Free-cash
20 257
20 499
1 992
17 119

Estimated living cost  is ₴15726 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55476
₴45726
₴58076
₴54299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
65 000
microenterprise

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

-
-
-
650
total
-
-
-
650
Employee
7 843
-
65 000
-
income
1 569
-
13 000
-
total
1 569
-
13 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

57 157
65 000
-
-
total
-
-
-
-
Dividends
57 157
65 000
-
-
withholding
2 858
3 250
-
-
total
2 858
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
4 427
3 250
13 000
650
After tax
60 573
61 750
52 000
64 350
Living cost
6 274
6 274
6 274
6 274
Free-cash
54 299
55 476
45 726
58 076

Estimated living cost  is ₴6274 per week

₴4246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31530
₴17856
₴19632
₴27407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
13 782
unemployment
-
-
-
97
health
-
-
-
6 396
pensions
-
-
-
11 871
total
-
-
-
32 146
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.

21 798
-
56 243
-
unemployment
31
-
79
-
pensions
3 379
-
8 717
-
income
3 759
-
12 736
-
health
1 408
-
3 633
-
total
8 577
-
25 165
-
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.

21 798
-
56 243
-
health
1 452
-
3 746
-
pensions
1 929
-
4 977
-
unemployment
13
-
34
-
total
3 394
-
8 757
-
Corporate
39 808
65 000
-
-
income
7 564
12 350
-
-
total
7 564
12 350
-
-
Dividends
32 244
52 650
-
-
withholding
4 836
7 898
-
-
total
4 836
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 371
20 248
33 922
32 146
After tax
40 629
44 752
31 078
32 854
Living cost
13 222
13 222
13 222
13 222
Free-cash
27 407
31 530
17 856
19 632

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18171
₴37108
₴23545
-₴8865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
12 670
social contributions
-
-
-
7 410
total
-
-
-
20 080
Employee
30 649
-
-
-
social contributions
2 513
-
358
-
income
6 761
-
-
-
total
9 274
-
358
-
Employer
30 649
-
-
-
social contributions
43 216
-
6 159
-
total
43 216
-
6 159
-
Corporate
-
65 000
-
-
income
-
14 300
-
-
total
-
14 300
-
-
Dividends
-
50 700
-
-
income
-
11 154
-
-
total
-
11 154
-
-
Income
65 000
65 000
65 000
65 000
Total tax
52 490
25 454
6 517
20 080
After tax
12 510
39 546
58 483
44 920
Living cost
21 375
21 375
21 375
21 375
Free-cash
-8 865
18 171
37 108
23 545

Estimated living cost  is ₴21375 per week

₴13869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
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.
₴5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21510
₴15821
₴20085
₴21013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
6 866
surtax
-
-
-
-
social contributions

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

-
-
-
22 587
total
-
-
-
29 453
Employee
22 671
-
52 525
-
surtax
-
-
-
-
social contributions
2 494
-
5 778
-
income
4 716
-
15 464
-
total
7 210
-
21 242
-
Employer
22 671
-
52 525
-
social contributions
5 384
-
12 475
-
total
5 384
-
12 475
-
Corporate
36 944
65 000
-
-
income
7 759
13 650
-
-
surtax
-
-
-
-
total
7 759
13 650
-
-
Dividends
29 186
51 350
-
-
withholding
8 172
14 378
-
-
total
8 172
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 525
28 028
33 717
29 453
After tax
36 475
36 972
31 283
35 547
Living cost
15 462
15 462
15 462
15 462
Free-cash
21 013
21 510
15 821
20 085

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
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.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8952
₴14359
₴13176
₴12340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
8 412
other
-
-
-
2 015
surtax
-
-
-
-
social contributions
-
-
-
1 851
health
-
-
-
2 067
pensions
-
-
-
13 671
total
-
-
-
28 016
Employee
30 874
-
51 586
-
pensions
3 492
-
3 056
-
surtax
-
-
-
-
social contributions
879
-
1 470
-
income
2 694
-
8 892
-
total
7 065
-
13 418
-
Employer
30 874
-
51 586
-
health
2 161
-
4 145
-
pensions
5 073
-
5 241
-
unemployment
1 251
-
2 089
-
social contributions
93
-
154
-
other
1 065
-
1 786
-
total
9 643
-
13 415
-
Corporate
24 484
65 000
-
-
income
6 856
18 200
-
-
surtax
-
-
-
-
total
6 856
18 200
-
-
Dividends
17 628
46 800
-
-
surtax
-
-
-
-
social contributions
3 032
8 049
-
-
withholding
2 256
5 991
-
-
total
5 288
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 852
32 240
26 833
28 016
After tax
36 148
32 760
38 167
36 984
Living cost
23 808
23 808
23 808
23 808
Free-cash
12 340
8 952
14 359
13 176

Estimated living cost  is ₴23808 per week

₴16113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43683
₴35533
₴33806
₴42027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
2 077
social contributions
-
-
-
14 300
total
-
-
-
16 377
Employee
15 847
-
56 277
-
income
-
-
2 268
-
social contributions
1 030
-
3 659
-
total
1 030
-
5 927
-
Employer
15 847
-
56 277
-
social contributions
2 456
-
8 723
-
total
2 456
-
8 723
-
Corporate
46 696
65 000
-
-
income
4 670
6 500
-
-
total
4 670
6 500
-
-
Dividends
42 026
58 500
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
8 156
6 500
14 650
16 377
After tax
56 844
58 500
50 350
48 623
Living cost
14 817
14 817
14 817
14 817
Free-cash
42 027
43 683
35 533
33 806

Estimated living cost  is ₴14817 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴42302
-₴42302
₴15874
-₴42302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
labour market
-
-
-
5 166
municipal
-
-
-
12 894
national
-
-
-
6 921
pensions
-
-
-
427
total
-
-
-
25 408
Employee
100 109
100 109
100 109
-
municipal
21 318
21 318
21 318
-
labour market
7 997
7 997
7 997
-
pensions
142
142
142
-
national
12 230
12 230
12 230
-
total
41 687
41 687
41 687
-
Employer
100 109
100 109
100 109
-
national
12 251
12 251
12 251
-
labour market
8 009
8 009
8 009
-
pensions
285
285
285
-
municipal
21 352
21 352
21 352
-
total
41 897
41 897
41 897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
83 584
83 584
83 584
25 408
After tax
-18 584
-18 584
-18 584
39 592
Living cost
23 718
23 718
23 718
23 718
Free-cash
-42 302
-42 302
-42 302
15 874

Estimated living cost  is ₴23718 per week

₴16233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5595
₴23629
₴33657
₴3599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
127
income
-
-
-
16 992
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
20 483
Employee
17 084
-
57 126
-
pensions
1 924
-
3 823
-
income
2 344
-
12 273
-
health
1 956
-
6 541
-
total
6 224
-
22 637
-
Employer
17 084
-
57 126
-
pensions
2 778
-
5 520
-
accident
285
-
954
-
unemployment
419
-
1 400
-
total
3 482
-
7 874
-
Corporate
44 435
65 000
-
-
income

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

39 991
58 500
-
-
total
39 991
58 500
-
-
Dividends
4 443
6 500
-
-
withholding
844
1 235
-
-
total
844
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
50 541
59 735
30 511
20 483
After tax
14 459
5 265
34 489
44 517
Living cost
10 860
10 860
10 860
10 860
Free-cash
3 599
-5 595
23 629
33 657

Estimated living cost  is ₴10860 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
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.
₴2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23093
₴16561
₴25475
₴23408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
65 000
health
-
-
-
795
municipal
-
-
-
11 556
national
-
-
-
8 249
total
-
-
-
20 600
Employee
25 934
-
54 682
-
municipal
4 248
-
8 917
-
unemployment
389
-
820
-
pensions
1 750
-
3 691
-
national
428
-
5 133
-
health
194
-
636
-
total
7 009
-
19 197
-
Employer
25 934
-
54 682
-
health
199
-
421
-
pensions
4 499
-
9 487
-
accident
26
-
54
-
unemployment
168
-
355
-
total
4 892
-
10 317
-
Corporate
34 172
65 000
-
-
income
6 834
13 000
-
-
total
6 834
13 000
-
-
Dividends

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

20 503
39 000
-
-
municipal
3 690
7 020
-
-
national
242
2 962
-
-
total
3 932
9 982
-
-
Income
65 000
65 000
65 000
65 000
Total tax
22 667
22 982
29 514
20 600
After tax
42 333
42 018
35 486
44 400
Living cost
18 925
18 925
18 925
18 925
Free-cash
23 408
23 093
16 561
25 475

Estimated living cost  is ₴18925 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36075
₴33390
₴34069
₴33394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
9 884
social contributions
-
-
-
7 976
health
-
-
-
1 658
total
-
-
-
19 518
Employee
37 904
37 904
59 653
-
social contributions
1 433
3 146
4 243
-
income
4 127
3 509
9 593
-
health
294
645
1 014
-
total
5 854
7 300
14 850
-
Employer
37 904
37 904
59 653
-
health
319
702
1 104
-
social contributions
1 433
3 146
4 243
-
total
1 752
3 848
5 347
-
Corporate
45 981
23 248
-
-
income
5 747
2 906
-
-
total
5 747
2 906
-
-
Dividends
40 234
20 342
-
-
withholding
6 840
3 458
-
-
total
6 840
3 458
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 193
17 512
20 197
19 518
After tax
44 807
47 488
44 803
45 482
Living cost
11 413
11 413
11 413
11 413
Free-cash
33 394
36 075
33 390
34 069

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46000
₴35920
₴45807
₴43493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
65 000
income
-
-
-
6 433
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 136
total
-
-
-
11 367
Employee

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

11 315
-
60 182
-
unemployment
56
-
234
-
pensions
1 697
-
7 016
-
income
774
-
5 211
-
health
962
-
3 976
-
total
3 489
-
16 437
-
Employer

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

11 315
-
60 182
-
health
486
-
2 011
-
pensions
622
-
2 572
-
unemployment
56
-
234
-
total
1 164
-
4 817
-
Corporate
52 521
65 000
-
-
income
4 727
5 850
-
-
total
4 727
5 850
-
-
Dividends
47 794
59 150
-
-
withholding
4 301
5 324
-
-
total
4 301
5 324
-
-
Income
65 000
65 000
65 000
65 000
Total tax
13 681
11 174
21 254
11 367
After tax
51 319
53 826
43 746
53 633
Living cost
7 826
7 826
7 826
7 826
Free-cash
43 493
46 000
35 920
45 807

Estimated living cost  is ₴7826 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
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.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30035
₴20410
₴22780
₴27619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
412
income
-
-
-
14 957
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
28 665
Employee
18 227
-
50 434
-
other
18
-
46
-
unemployment
283
-
708
-
pensions
857
-
2 148
-
income
3 514
-
13 566
-
total
4 672
-
16 468
-
Employer
18 227
-
50 434
-
pensions
4 301
-
10 783
-
accident
361
-
905
-
unemployment
1 003
-
2 513
-
other
146
-
366
-
total
5 811
-
14 567
-
Corporate
40 962
65 000
-
-
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.

6 144
9 750
-
-
total
6 144
9 750
-
-
Dividends
34 818
55 250
-
-
withholding
7 199
11 660
-
-
total
7 199
11 660
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 826
21 410
31 035
28 665
After tax
41 174
43 590
33 965
36 335
Living cost
13 555
13 555
13 555
13 555
Free-cash
27 619
30 035
20 410
22 780

Estimated living cost  is ₴13555 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
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.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39601
₴40659
₴40728
₴39443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
22 106
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
23 313
Employee
1 461
-
64 213
-
unemployment
15
-
35
-
pensions
131
-
315
-
income
283
-
22 070
-
health
73
-
175
-
total
502
-
22 595
-
Employer
1 461
-
64 213
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
63 210
65 000
-
-
income
13 906
14 300
-
-
total
13 906
14 300
-
-
Dividends
49 304
50 700
-
-
withholding
9 861
10 140
-
-
total
9 861
10 140
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 598
24 440
23 382
23 313
After tax
40 402
40 560
41 618
41 687
Living cost
959
959
959
959
Free-cash
39 443
39 601
40 659
40 728

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38439
₴28518
₴28518
₴36016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
14 191
unemployment
-
-
-
546
health
-
-
-
3 752
pensions
-
-
-
9 470
total
-
-
-
27 959
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.

12 853
-
58 480
-
unemployment
96
-
273
-
pensions
1 799
-
5 099
-
income
1 772
-
14 191
-
health
662
-
1 876
-
total
4 329
-
21 439
-
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.

12 853
-
58 480
-
health
662
-
1 876
-
pensions
1 542
-
4 371
-
unemployment
96
-
273
-
total
2 300
-
6 520
-
Corporate
49 847
65 000
-
-
income
7 477
9 750
-
-
total
7 477
9 750
-
-
Dividends
42 370
55 250
-
-
withholding
6 355
8 288
-
-
total
6 355
8 288
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 461
18 038
27 959
27 959
After tax
44 539
46 962
37 041
37 041
Living cost
8 523
8 523
8 523
8 523
Free-cash
36 016
38 439
28 518
28 518

Estimated living cost  is ₴8523 per week

₴5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23683
₴17994
₴22258
₴23506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
65 000
income
-
-
-
6 866
surtax
-
-
-
-
social contributions

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

-
-
-
22 587
total
-
-
-
29 453
Employee
19 132
-
52 525
-
surtax
-
-
-
-
social contributions
2 105
-
5 778
-
income
3 738
-
15 464
-
total
5 843
-
21 242
-
Employer
19 132
-
52 525
-
social contributions
4 543
-
12 475
-
total
4 543
-
12 475
-
Corporate
41 325
65 000
-
-
income
8 678
13 650
-
-
surtax
-
-
-
-
total
8 678
13 650
-
-
Dividends
32 647
51 350
-
-
withholding
9 141
14 378
-
-
total
9 141
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 205
28 028
33 717
29 453
After tax
36 795
36 972
31 283
35 547
Living cost
13 289
13 289
13 289
13 289
Free-cash
23 506
23 683
17 994
22 258

Estimated living cost  is ₴13289 per week

₴9412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
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.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26266
₴16641
₴19011
₴22677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
412
income
-
-
-
14 957
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
28 665
Employee
23 807
-
50 434
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 148
-
income
4 972
-
13 566
-
total
6 483
-
16 468
-
Employer
23 807
-
50 434
-
pensions
5 618
-
10 783
-
accident
471
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 590
-
14 567
-
Corporate
33 603
65 000
-
-
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.

5 040
9 750
-
-
total
5 040
9 750
-
-
Dividends
28 563
55 250
-
-
withholding
5 886
11 660
-
-
total
5 886
11 660
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 999
21 410
31 035
28 665
After tax
40 001
43 590
33 965
36 335
Living cost
17 324
17 324
17 324
17 324
Free-cash
22 677
26 266
16 641
19 011

Estimated living cost  is ₴17324 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47095
₴44488
₴42173
₴44092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
9 750
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
14 347
Employee
11 229
-
61 622
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
6 162
-
health
517
-
792
-
total
2 749
-
8 655
-
Employer
11 229
-
61 622
-
health
775
-
1 188
-
pensions

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

1 237
-
1 897
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 202
-
3 377
-
Corporate
51 568
65 000
-
-
income
5 157
6 500
-
-
total
5 157
6 500
-
-
Dividends
46 411
58 500
-
-
withholding
2 320
2 925
-
-
total
2 320
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 428
9 425
12 032
14 347
After tax
52 572
55 575
52 968
50 653
Living cost
8 480
8 480
8 480
8 480
Free-cash
44 092
47 095
44 488
42 173

Estimated living cost  is ₴8480 per week

₴5609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
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.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14457
₴23958
₴17920
₴20905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income

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

-
-
-
17 671
surtax

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

-
-
-
972
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.

-
-
-
3 368
trade
-
-
-
6 038
total
-
-
-
28 049
Employee

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

24 527
-
65 000
-
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.

111
-
972
-
income

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

2 017
-
17 671
-
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.

3 368
-
3 368
-
total
5 496
-
22 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 473
65 000
-
-
income
6 071
9 750
-
-
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.

334
536
-
-
chamber of commerce
134
170
-
-
trade
5 808
9 327
-
-
total
12 347
19 783
-
-
Dividends
28 126
45 216
-
-
surtax

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

376
612
-
-
withholding
6 845
11 117
-
-
total
7 221
11 729
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 064
31 512
22 011
28 049
After tax
39 936
33 488
42 989
36 951
Living cost
19 031
19 031
19 031
19 031
Free-cash
20 905
14 457
23 958
17 920

Estimated living cost  is ₴19031 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17420
₴12957
₴12957
₴18508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
17 852
social contributions
-
-
-
6 111
total
-
-
-
23 963
Employee
38 559
-
65 000
-
income
7 276
-
17 852
-
social contributions
3 203
-
6 111
-
total
10 479
-
23 963
-
Employer
38 559
-
65 000
-
total
-
-
-
-
Corporate
26 441
65 000
-
-
income
3 305
8 125
-
-
total
3 305
8 125
-
-
Dividends
23 136
56 875
-
-
withholding
4 628
11 375
-
-
total
4 628
11 375
-
-
Income
65 000
65 000
65 000
65 000
Total tax
18 412
19 500
23 963
23 963
After tax
46 588
45 500
41 037
41 037
Living cost
28 080
28 080
28 080
28 080
Free-cash
18 508
17 420
12 957
12 957

Estimated living cost  is ₴28080 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21752
₴29653
₴30052
₴23473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
14 032
health

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

-
-
-
3 022
total
-
-
-
17 054
Employee
22 613
-
62 732
-
income
2 454
-
12 917
-
social contributions
2 266
-
2 268
-
total
4 720
-
15 185
-
Employer
22 613
-
62 732
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
40 121
65 000
-
-
income
14 043
22 750
-
-
total
14 043
22 750
-
-
Dividends
26 079
42 250
-
-
social contributions
2 604
2 604
-
-
total
2 604
2 604
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 633
25 354
17 453
17 054
After tax
41 367
39 646
47 547
47 946
Living cost
17 894
17 894
17 894
17 894
Free-cash
23 473
21 752
29 653
30 052

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26663
₴20528
₴26527
₴27778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
income
-
-
-
16 332
pensions
-
-
-
3 977
total
-
-
-
20 309
Employee
24 933
-
56 977
-
pensions
1 903
-
5 046
-
income
4 541
-
12 331
-
health
325
-
908
-
total
6 769
-
18 285
-
Employer
24 933
-
56 977
-
health
474
-
1 082
-
pensions
2 519
-
6 941
-
total
2 993
-
8 023
-
Corporate
37 074
65 000
-
-
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.

7 044
12 350
-
-
total
7 044
12 350
-
-
Dividends
30 030
52 650
-
-
withholding
2 252
7 823
-
-
total
2 252
7 823
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 058
20 173
26 308
20 309
After tax
45 942
44 827
38 692
44 691
Living cost
18 164
18 164
18 164
18 164
Free-cash
27 778
26 663
20 528
26 527

Estimated living cost  is ₴18164 per week

₴12461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6670
₴22554
₴32582
₴3433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
127
income
-
-
-
16 992
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
20 483
Employee
18 775
-
57 126
-
pensions
2 114
-
3 823
-
income
2 576
-
12 273
-
health
2 150
-
6 541
-
total
6 840
-
22 637
-
Employer
18 775
-
57 126
-
pensions
3 053
-
5 520
-
accident
314
-
954
-
unemployment
460
-
1 400
-
total
3 827
-
7 874
-
Corporate
42 399
65 000
-
-
income

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

38 159
58 500
-
-
total
38 159
58 500
-
-
Dividends
4 240
6 500
-
-
withholding
806
1 235
-
-
total
806
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
49 632
59 735
30 511
20 483
After tax
15 368
5 265
34 489
44 517
Living cost
11 935
11 935
11 935
11 935
Free-cash
3 433
-6 670
22 554
32 582

Estimated living cost  is ₴11935 per week

₴8759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48047
₴37136
₴30087
₴45744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
65 000
income
-
-
-
10 388
unemployment
-
-
-
780
work injury
-
-
-
325
health insurance
-
-
-
4 810
pensions
-
-
-
11 960
total
-
-
-
28 263
Employee

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

10 641
-
65 000
-
health insurance
787
-
2 913
-
unemployment
128
-
472
-
work injury
53
-
197
-
pensions
1 958
-
7 244
-
income
1 064
-
10 388
-
total
3 990
-
21 214
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 359
65 000
-
-
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%.

544
650
-
-
total
544
650
-
-
Dividends
53 816
64 350
-
-
withholding
8 072
9 653
-
-
total
8 072
9 653
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 606
10 303
21 214
28 263
After tax
52 394
54 697
43 786
36 737
Living cost
6 650
6 650
6 650
6 650
Free-cash
45 744
48 047
37 136
30 087

Estimated living cost  is ₴6650 per week

₴4120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14600
₴8890
₴11863
₴12358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
social contributions
-
-
-
16 718
regional
-
-
-
1 443
municipal
-
-
-
435
national
-
-
-
14 904
total
-
-
-
33 500
Employee
41 538
-
65 000
-
municipal
248
-
387
-
national
7 020
-
12 929
-
regional
627
-
1 239
-
social contributions
14 006
-
21 918
-
total
21 901
-
36 473
-
Employer
41 538
-
65 000
-
total
-
-
-
-
Corporate
23 462
65 000
-
-
municipal
1 131
3 133
-
-
nationa
5 631
15 600
-
-
total
6 762
18 733
-
-
Dividends
16 700
46 267
-
-
withholding
4 342
12 030
-
-
total
4 342
12 030
-
-
Income
65 000
65 000
65 000
65 000
Total tax
33 005
30 763
36 473
33 500
After tax
31 995
34 237
28 527
31 500
Living cost
19 637
19 637
19 637
19 637
Free-cash
12 358
14 600
8 890
11 863

Estimated living cost  is ₴19637 per week

₴13794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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