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
₴27714
₴17265
₴21238
₴22947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 510
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.

-
-
-
17 266
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.

-
-
-
950
trade
-
-
-
6 476
total
-
-
-
28 202
Employee

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

19 649
-
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.

30
-
950
-
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.

549
-
17 266
-
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.

3 510
-
3 510
-
total
4 089
-
21 726
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 351
65 000
-
-
chamber of commerce
143
172
-
-
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.

374
536
-
-
trade
7 143
10 237
-
-
income
6 803
9 750
-
-
total
14 463
20 695
-
-
Dividends
30 888
44 306
-
-
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.

414
599
-
-
withholding
7 527
10 881
-
-
total
7 941
11 480
-
-
Income
65 000
65 000
65 000
65 000
Total tax
26 493
32 175
21 726
28 202
After tax
38 507
32 825
43 274
36 798
Living cost
15 560
15 560
15 560
15 560
Free-cash
22 947
17 265
27 714
21 238

Estimated living cost  is ₴15560 per week

₴9788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12333
₴13513
₴11823
₴13063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 800
national
-
-
-
10 716
municipal
-
-
-
6 915
total
-
-
-
26 130
Employee
41 927
-
56 192
-
municipal
5 179
-
7 167
-
national
8 025
-
11 106
-
pensions
1 677
-
2 248
-
total
14 881
-
20 521
-
Employer
41 927
-
56 192
-
pensions
3 354
-
4 495
-
social contributions
451
-
604
-
total
3 805
-
5 099
-
Corporate
16 501
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%.

3 300
13 000
-
-
total
3 300
13 000
-
-
Dividends
13 200
52 000
-
-
withholding
2 904
11 440
-
-
total
2 904
11 440
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 890
24 440
25 620
26 130
After tax
40 110
40 560
39 380
38 870
Living cost
27 047
27 047
27 047
27 047
Free-cash
13 063
13 513
12 333
11 823

Estimated living cost  is ₴27047 per week

₴18383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25795
₴41313
₴8217
₴37099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 683
income
-
-
-
9 838
surtax
-
-
-
16 575
microenterprise
-
-
-
-
total
-
-
-
46 096
Employee
15 011
-
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.

1 651
-
5 762
-
income
2 672
-
10 137
-
total
4 323
-
15 899
-
Employer
15 011
-
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.

3 616
-
12 619
-
total
3 616
-
12 619
-
Corporate
46 373
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%.

9 275
13 000
-
-
total
9 275
13 000
-
-
Dividends

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

37 098
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
17 214
13 000
28 518
46 096
After tax
47 786
52 000
36 482
18 904
Living cost
10 687
10 687
10 687
10 687
Free-cash
37 099
41 313
25 795
8 217

Estimated living cost  is ₴10687 per week

₴6818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14399
₴10282
₴15895
₴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
health
-
-
-
6 335
income
-
-
-
15 231
pensions
-
-
-
6 019
total
-
-
-
27 585
Employee
43 869
43 869
55 453
-
income

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

7 181
7 181
7 181
-
pensions
7 896
6 019
6 019
-
health
6 733
5 727
6 335
-
total
21 810
18 927
19 535
-
Employer
43 869
43 869
55 453
-
unemployment
1 579
1 579
1 962
-
health
3 049
3 049
3 789
-
pensions
3 053
3 053
3 795
-
total
7 681
7 681
9 546
-
Corporate
13 987
13 449
-
-
income
2 798
2 690
-
-
total
2 798
2 690
-
-
Dividends
11 189
10 759
-
-
income
2 378
2 286
-
-
withholding
1 679
1 614
-
-
total
4 057
3 900
-
-
Income
65 000
65 000
65 000
65 000
Total tax
36 346
33 198
29 081
27 585
After tax
28 654
31 802
35 919
37 415
Living cost
21 520
21 520
21 520
21 520
Free-cash
7 134
10 282
14 399
15 895

Estimated living cost  is ₴21520 per week

₴15251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12732
₴14147
₴13306
₴13668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 435
health
-
-
-
2 919
accident
-
-
-
94
pensions
-
-
-
5 057
national
-
-
-
1 457
unemployment
-
-
-
47
municipal
-
-
-
15 342
total
-
-
-
30 351
Employee
30 412
-
50 303
-
municipal
9 069
-
15 000
-
national
-
-
1 227
-
total
9 069
-
16 227
-
Employer
30 412
-
50 303
-
other
3 534
-
5 435
-
unemployment
803
-
1 235
-
health
1 870
-
2 877
-
accident
61
-
94
-
pensions
3 287
-
5 057
-
total
9 555
-
14 698
-
Corporate
25 033
65 000
-
-
income
5 507
14 300
-
-
total
5 507
14 300
-
-
Dividends
19 525
50 700
-
-
withholding
5 858
15 210
-
-
total
5 858
15 210
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 989
29 510
30 925
30 351
After tax
35 011
35 490
34 075
34 649
Living cost
21 343
21 343
21 343
21 343
Free-cash
13 668
14 147
12 732
13 306

Estimated living cost  is ₴21343 per week

₴14145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23093
₴12311
₴16329
₴19527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 510
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.

-
-
-
17 266
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.

-
-
-
950
trade
-
-
-
6 764
total
-
-
-
28 490
Employee

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

26 051
-
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.

123
-
950
-
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.

2 238
-
17 266
-
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.

3 510
-
3 510
-
total
5 871
-
21 726
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 949
65 000
-
-
chamber of commerce
134
171
-
-
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.

322
536
-
-
trade
6 407
10 692
-
-
income
5 842
9 750
-
-
total
12 705
21 149
-
-
Dividends
26 244
43 851
-
-
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.

350
592
-
-
withholding
6 366
10 767
-
-
total
6 716
11 359
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 292
32 508
21 726
28 490
After tax
39 708
32 492
43 274
36 510
Living cost
20 181
20 181
20 181
20 181
Free-cash
19 527
12 311
23 093
16 329

Estimated living cost  is ₴20181 per week

₴13497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28178
₴30839
₴28869
₴28707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 312
health
-
-
-
1 657
income
-
-
-
9 500
total
-
-
-
19 469
Employee
39 502
39 502
59 477
-
social contributions
1 920
3 278
4 422
-
income
4 148
3 657
9 204
-
health
393
672
1 011
-
total
6 461
7 607
14 637
-
Employer
39 502
39 502
59 477
-
health
428
731
1 101
-
social contributions
1 920
3 278
4 422
-
total
2 348
4 009
5 523
-
Corporate
39 530
21 488
-
-
income
4 942
2 686
-
-
total
4 942
2 686
-
-
Dividends
34 588
18 803
-
-
withholding
5 880
3 197
-
-
total
5 880
3 197
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 631
17 499
20 160
19 469
After tax
45 369
47 501
44 840
45 531
Living cost
16 662
16 662
16 662
16 662
Free-cash
28 707
30 839
28 178
28 869

Estimated living cost  is ₴16662 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28345
₴27233
₴35694
₴27427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 550
income
-
-
-
7 946
pensions
-
-
-
6 500
unemployment
-
-
-
975
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.

13 475
5 363
54 393
-
income
1 647
656
6 650
-
pensions
1 347
536
5 439
-
health
943
375
3 808
-
unemployment
202
80
816
-
total
4 139
1 647
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.

13 475
5 363
54 393
-
pensions
2 628
1 046
10 607
-
total
2 628
1 046
10 607
-
Corporate
48 897
58 591
-
-
income
4 401
5 273
-
-
total
4 401
5 273
-
-
Dividends
44 497
53 318
-
-
social contributions
8 616
10 336
-
-
withholding
8 454
10 130
-
-
total
17 070
20 466
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 238
28 432
27 320
19 971
After tax
36 762
36 568
37 680
45 029
Living cost
9 335
9 335
9 335
9 335
Free-cash
27 427
27 233
28 345
35 694

Estimated living cost  is ₴9335 per week

₴6370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25056
₴39592
₴22432
₴36401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 450
income
-
-
-
8 710
pensions
-
-
-
13 000
total
-
-
-
30 160
Employee
14 573
-
48 580
-
income
1 641
-
9 367
-
pensions
291
-
972
-
unemployment
233
-
777
-
total
2 165
-
11 116
-
Employer
14 573
-
48 580
-
unemployment
117
-
389
-
health
1 894
-
6 315
-
pensions
2 915
-
9 716
-
total
4 926
-
16 420
-
Corporate
45 501
65 000
-
-
income
9 100
13 000
-
-
total
9 100
13 000
-
-
Dividends
36 400
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
16 191
13 000
27 536
30 160
After tax
48 809
52 000
37 464
34 840
Living cost
12 408
12 408
12 408
12 408
Free-cash
36 401
39 592
25 056
22 432

Estimated living cost  is ₴12408 per week

₴8511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23030
-₴6099
₴33165
₴3522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 127
accident
-
-
-
130
income
-
-
-
16 874
pensions
-
-
-
2 149
total
-
-
-
20 471
Employee
17 876
-
56 962
-
income
2 452
-
12 105
-
pensions
2 013
-
3 941
-
health
2 047
-
6 522
-
total
6 512
-
22 568
-
Employer
17 876
-
56 962
-
unemployment
438
-
1 396
-
accident
298
-
951
-
pensions
2 907
-
5 691
-
total
3 643
-
8 038
-
Corporate
43 481
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.

39 133
58 500
-
-
total
39 133
58 500
-
-
Dividends
4 348
6 500
-
-
withholding
826
1 235
-
-
total
826
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
50 114
59 735
30 606
20 471
After tax
14 886
5 265
34 394
44 529
Living cost
11 364
11 364
11 364
11 364
Free-cash
3 522
-6 099
23 030
33 165

Estimated living cost  is ₴11364 per week

₴8329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47785
₴57535
₴60135
₴56744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 268
-
65 000
-
income
1 054
-
13 000
-
total
1 054
-
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%.

59 732
65 000
-
-
total
-
-
-
-
Dividends
59 732
65 000
-
-
withholding
2 987
3 250
-
-
total
2 987
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
4 041
3 250
13 000
650
After tax
60 959
61 750
52 000
64 350
Living cost
4 215
4 215
4 215
4 215
Free-cash
56 744
57 535
47 785
60 135

Estimated living cost  is ₴4215 per week

₴2612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23762
₴34068
₴21075
₴30600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 087
health
-
-
-
2 860
income
-
-
-
8 689
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.

-
-
-
15 601
total
-
-
-
30 237
Employee
18 652
-
51 915
-
income
3 211
-
9 585
-
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.

1 305
-
3 634
-
health
261
-
727
-
unemployment
186
-
520
-
total
4 963
-
14 466
-
Employer
18 652
-
51 915
-
other
933
-
2 596
-
unemployment
186
-
520
-
health
261
-
727
-
accident
149
-
415
-
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.

3 171
-
8 826
-
total
4 700
-
13 084
-
Corporate
41 647
65 000
-
-
income
8 746
13 650
-
-
total
8 746
13 650
-
-
Dividends
32 901
51 350
-
-
withholding
2 303
3 594
-
-
total
2 303
3 594
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 712
17 244
27 550
30 237
After tax
44 288
47 756
37 450
34 763
Living cost
13 688
13 688
13 688
13 688
Free-cash
30 600
34 068
23 762
21 075

Estimated living cost  is ₴13688 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4873
₴11148
₴10894
₴7639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 951
pensions
-
-
-
4 088
total
-
-
-
20 039
Employee
48 200
-
57 009
-
income
8 689
-
11 937
-
health
794
-
922
-
pensions
4 650
-
5 210
-
total
14 133
-
18 069
-
Employer
48 200
-
57 009
-
health
915
-
1 084
-
pensions
5 691
-
6 907
-
total
6 606
-
7 991
-
Corporate
10 193
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.

1 936
12 350
-
-
total
1 936
12 350
-
-
Dividends
8 257
52 650
-
-
withholding
619
7 435
-
-
total
619
7 435
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 294
19 785
26 060
20 039
After tax
41 706
45 215
38 940
44 961
Living cost
34 067
34 067
34 067
34 067
Free-cash
7 639
11 148
4 873
10 894

Estimated living cost  is ₴34067 per week

₴25527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴46159
₴48926
₴43871
₴46570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 037
income
-
-
-
9 750
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
14 480
Employee
8 804
-
61 525
-
income
880
-
6 152
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

773
-
1 555
-
health
405
-
815
-
total
2 155
-
8 717
-
Employer
8 804
-
61 525
-
unemployment
53
-
106
-
health
608
-
1 222
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 952
-
total
1 728
-
3 475
-
Corporate
54 469
65 000
-
-
income
5 447
6 500
-
-
total
5 447
6 500
-
-
Dividends
49 022
58 500
-
-
withholding
2 451
2 925
-
-
total
2 451
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
11 781
9 425
12 192
14 480
After tax
53 219
55 575
52 808
50 520
Living cost
6 649
6 649
6 649
6 649
Free-cash
46 570
48 926
46 159
43 871

Estimated living cost  is ₴6649 per week

₴3882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7433
₴3316
₴8929
₴4607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 335
income
-
-
-
15 231
pensions
-
-
-
6 019
total
-
-
-
27 585
Employee
47 628
43 869
55 453
-
income

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

7 181
7 181
7 181
-
pensions
6 019
6 019
6 019
-
health
5 942
5 727
6 335
-
total
19 142
18 927
19 535
-
Employer
47 628
43 869
55 453
-
unemployment
1 715
1 579
1 962
-
health
3 310
3 049
3 789
-
pensions
3 315
3 053
3 795
-
total
8 340
7 681
9 546
-
Corporate
9 033
13 449
-
-
income
1 806
2 690
-
-
total
1 806
2 690
-
-
Dividends
7 227
10 759
-
-
income
1 535
2 286
-
-
withholding
1 084
1 614
-
-
total
2 619
3 900
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 907
33 198
29 081
27 585
After tax
33 093
31 802
35 919
37 415
Living cost
28 486
28 486
28 486
28 486
Free-cash
4 607
3 316
7 433
8 929

Estimated living cost  is ₴28486 per week

₴21013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20319
₴32087
₴19634
₴27569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 225
health
-
-
-
8 775
income
-
-
-
5 700
solidarity contribution
-
-
-
-
total
-
-
-
32 700
Employee
18 626
-
48 507
-
social contributions
1 211
-
3 153
-
solidarity contribution
-
-
-
-
income
2 235
-
5 821
-
health
2 514
-
6 549
-
total
5 960
-
15 523
-
Employer
18 626
-
48 507
-
health
1 676
-
4 366
-
social contributions
4 656
-
12 127
-
total
6 332
-
16 493
-
Corporate
40 041
65 000
-
-
income
7 608
12 350
-
-
total
7 608
12 350
-
-
Dividends
32 434
52 650
-
-
withholding
4 865
7 898
-
-
total
4 865
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 765
20 248
32 016
32 700
After tax
40 235
44 752
32 984
32 300
Living cost
12 666
12 666
12 666
12 666
Free-cash
27 569
32 087
20 319
19 634

Estimated living cost  is ₴12666 per week

₴8798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and 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 Brno model

Close
Milan , Italy
₴7625
₴13003
₴10719
₴10320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 759
regional
-
-
-
741
municipal
-
-
-
386
total
-
-
-
32 604
Employee
45 656
-
65 000
-
social contributions
15 395
-
21 918
-
municipal
242
-
345
-
national
7 911
-
12 783
-
regional
431
-
652
-
total
23 979
-
35 698
-
Employer
45 656
-
65 000
-
total
-
-
-
-
Corporate
19 344
65 000
-
-
nationa
4 642
15 600
-
-
municipal
755
2 535
-
-
total
5 397
18 135
-
-
Dividends
13 948
46 866
-
-
withholding
3 627
12 185
-
-
total
3 627
12 185
-
-
Income
65 000
65 000
65 000
65 000
Total tax
33 003
30 320
35 698
32 604
After tax
31 997
34 680
29 302
32 396
Living cost
21 677
21 677
21 677
21 677
Free-cash
10 320
13 003
7 625
10 719

Estimated living cost  is ₴21677 per week

₴15110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18889
₴29549
₴19961
₴27948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
other
-
-
-
-
health
-
-
-
4 615
income
-
-
-
14 057
pensions
-
-
-
13 000
surtax
-
-
-
1 914
unemployment
-
-
-
117
total
-
-
-
33 703
Employee
16 988
-
53 696
-
surtax
56
-
1 744
-
income
2 848
-
13 040
-
other
-
-
-
-
pensions
1 133
-
3 582
-
health
434
-
1 369
-
unemployment
1 183
-
3 738
-
total
5 654
-
23 473
-
Employer
16 988
-
53 696
-
other
-
-
-
-
unemployment
538
-
1 702
-
health
773
-
2 443
-
pensions
2 265
-
7 157
-
total
3 576
-
11 302
-
Corporate
44 436
65 000
-
-
income
11 553
16 900
-
-
total
11 553
16 900
-
-
Dividends
32 883
48 100
-
-
withholding
4 933
7 215
-
-
total
4 933
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 716
24 115
34 775
33 703
After tax
39 284
40 885
30 225
31 297
Living cost
11 336
11 336
11 336
11 336
Free-cash
27 948
29 549
18 889
19 961

Estimated living cost  is ₴11336 per week

₴6931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1046
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.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15666
₴21941
₴21687
₴21417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 951
pensions
-
-
-
4 088
total
-
-
-
20 039
Employee
32 303
-
57 009
-
income
5 818
-
11 937
-
health
469
-
922
-
pensions
2 742
-
5 210
-
total
9 029
-
18 069
-
Employer
32 303
-
57 009
-
health
614
-
1 084
-
pensions
3 497
-
6 907
-
total
4 111
-
7 991
-
Corporate
28 587
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.

5 432
12 350
-
-
total
5 432
12 350
-
-
Dividends
23 155
52 650
-
-
withholding
1 737
7 435
-
-
total
1 737
7 435
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 309
19 785
26 060
20 039
After tax
44 691
45 215
38 940
44 961
Living cost
23 274
23 274
23 274
23 274
Free-cash
21 417
21 941
15 666
21 687

Estimated living cost  is ₴23274 per week

₴17437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9019
-₴11809
₴12247
₴5960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
146
pensions
-
-
-
5 980
city
-
-
-
685
national
-
-
-
587
regional
-
-
-
2 523
total
-
-
-
11 221
Employee
48 603
-
58 177
-
national
230
-
453
-
city
522
-
625
-
pensions
4 083
-
4 888
-
health
110
-
131
-
regional
1 592
-
2 169
-
unemployment
-
-
-
-
total
6 537
-
8 266
-
Employer
48 603
-
58 177
-
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.

972
-
1 164
-
unemployment
-
-
-
-
health
110
-
131
-
pensions
4 083
-
4 888
-
total
5 165
-
6 183
-
Corporate
10 698
65 000
-
-
regional
2 262
13 747
-
-
national
909
5 525
-
-
total
3 171
19 272
-
-
Dividends
7 527
45 727
-
-
withholding
2 635
16 005
-
-
total
2 635
16 005
-
-
Income
65 000
65 000
65 000
65 000
Total tax
17 508
35 277
14 449
11 221
After tax
47 492
29 723
50 551
53 779
Living cost
41 532
41 532
41 532
41 532
Free-cash
5 960
-11 809
9 019
12 247

Estimated living cost  is ₴41532 per week

₴27008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19741
₴8623
₴12690
₴16954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 510
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.

-
-
-
17 266
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.

-
-
-
950
trade
-
-
-
7 051
total
-
-
-
28 777
Employee

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

30 873
-
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.

200
-
950
-
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.

3 630
-
17 266
-
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.

3 510
-
3 510
-
total
7 340
-
21 726
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 127
65 000
-
-
chamber of commerce
126
170
-
-
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.

282
536
-
-
trade
5 853
11 148
-
-
income
5 119
9 750
-
-
total
11 380
21 604
-
-
Dividends
22 747
43 397
-
-
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.

302
586
-
-
withholding
5 491
10 654
-
-
total
5 793
11 240
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 513
32 844
21 726
28 777
After tax
40 487
32 156
43 274
36 223
Living cost
23 533
23 533
23 533
23 533
Free-cash
16 954
8 623
19 741
12 690

Estimated living cost  is ₴23533 per week

₴17188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴20992
₴15183
₴19466
₴18220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 015
social contributions
-
-
-
1 852
health
-
-
-
1 953
income
-
-
-
8 118
pensions
-
-
-
14 020
surtax
-
-
-
-
total
-
-
-
27 958
Employee
21 986
-
51 768
-
surtax
-
-
-
-
social contributions
627
-
1 475
-
income
1 298
-
8 743
-
pensions
2 486
-
2 983
-
total
4 411
-
13 201
-
Employer
21 986
-
51 768
-
other
758
-
1 786
-
unemployment
890
-
2 097
-
health
1 539
-
4 060
-
pensions
3 612
-
5 133
-
social contributions
66
-
155
-
total
6 865
-
13 231
-
Corporate
36 148
65 000
-
-
surtax
-
-
-
-
income
10 121
18 200
-
-
total
10 121
18 200
-
-
Dividends
26 027
46 800
-
-
social contributions
4 476
8 050
-
-
surtax
-
-
-
-
withholding
3 331
5 991
-
-
total
7 807
14 041
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 204
32 241
26 432
27 958
After tax
35 796
32 759
38 568
37 042
Living cost
17 576
17 576
17 576
17 576
Free-cash
18 220
15 183
20 992
19 466

Estimated living cost  is ₴17576 per week

₴11082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22734
₴16925
₴21208
₴19777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 015
social contributions
-
-
-
1 852
health
-
-
-
1 953
income
-
-
-
8 118
pensions
-
-
-
14 020
surtax
-
-
-
-
total
-
-
-
27 958
Employee
19 626
-
51 768
-
surtax
-
-
-
-
social contributions
560
-
1 475
-
income
1 012
-
8 743
-
pensions
2 220
-
2 983
-
total
3 792
-
13 201
-
Employer
19 626
-
51 768
-
other
678
-
1 786
-
unemployment
795
-
2 097
-
health
1 374
-
4 060
-
pensions
3 225
-
5 133
-
social contributions
58
-
155
-
total
6 130
-
13 231
-
Corporate
39 245
65 000
-
-
surtax
-
-
-
-
income
10 989
18 200
-
-
total
10 989
18 200
-
-
Dividends
28 257
46 800
-
-
social contributions
4 861
8 050
-
-
surtax
-
-
-
-
withholding
3 617
5 991
-
-
total
8 478
14 041
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 389
32 241
26 432
27 958
After tax
35 611
32 759
38 568
37 042
Living cost
15 834
15 834
15 834
15 834
Free-cash
19 777
16 925
22 734
21 208

Estimated living cost  is ₴15834 per week

₴9183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30259
₴28764
₴30850
₴29029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 970
health
-
-
-
4 537
income
-
-
-
9 750
total
-
-
-
23 257
Employee
17 418
-
65 000
-
social contributions
2 404
-
8 970
-
income
2 905
-
10 341
-
health
1 216
-
4 537
-
total
6 525
-
23 848
-
Employer
17 418
-
65 000
-
total
-
-
-
-
Corporate
47 582
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%.

2 379
3 250
-
-
total
2 379
3 250
-
-
Dividends
45 203
61 750
-
-
social contributions
6 238
8 521
-
-
withholding
6 780
9 262
-
-
health
3 156
4 310
-
-
total
16 174
22 093
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 078
25 343
23 848
23 257
After tax
39 922
39 657
41 152
41 743
Living cost
10 893
10 893
10 893
10 893
Free-cash
29 029
28 764
30 259
30 850

Estimated living cost  is ₴10893 per week

₴7290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴134
₴18106
₴14449
₴17313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 591
income
-
-
-
13 244
chamber of commerce
-
-
-
260
pensions
-
-
-
11 103
surtax
-
-
-
101
unemployment
-
-
-
3 151
total
-
-
-
32 450
Employee
25 673
20 472
50 395
-
income
2 923
1 510
11 190
-
other
256
205
504
-
pensions
2 629
2 096
5 160
-
health
993
793
1 951
-
unemployment
770
614
1 512
-
total
7 571
5 218
20 317
-
Employer
25 673
20 472
50 395
-
other
1 220
972
2 393
-
unemployment
770
614
1 512
-
health
970
774
1 905
-
surtax
101
101
101
-
accident
333
266
655
-
pensions
3 222
2 570
6 325
-
payroll
770
614
1 512
-
chamber of commerce
102
82
202
-
total
7 488
5 993
14 605
-
Corporate
31 838
38 534
48 445
-
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.

7 960
9 634
12 111
-
total
7 960
9 634
12 111
-
Dividends
23 878
28 901
-
-
withholding
6 567
7 948
-
-
total
6 567
7 948
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 586
28 793
47 033
32 450
After tax
35 414
36 207
17 967
32 550
Living cost
18 101
18 101
18 101
18 101
Free-cash
17 313
18 106
-134
14 449

Estimated living cost  is ₴18101 per week

₴12073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5576
₴17674
₴10374
₴9969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 332
communal

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

-
-
-
3 280
national
-
-
-
22 283
total
-
-
-
35 895
Employee

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

36 746
-
50 345
-
national
11 297
-
16 832
-
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.

2 756
-
3 776
-
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.

1 726
-
2 366
-
communal

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

1 917
-
2 626
-
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.

320
-
438
-
total
18 016
-
26 038
-
Employer

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

36 746
-
50 345
-
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.

536
-
735
-
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.

2 260
-
3 096
-
surtax
4 167
-
5 709
-
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.

478
-
654
-
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.

3 256
-
4 461
-
total
10 697
-
14 655
-
Corporate
17 558
65 000
-
-
surtax
70
260
-
-
income
3 511
13 000
-
-
total
3 581
13 260
-
-
Dividends
13 976
51 740
-
-
withholding

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

4 006
15 335
-
-
total
4 006
15 335
-
-
Income
65 000
65 000
65 000
65 000
Total tax
36 300
28 595
40 693
35 895
After tax
28 700
36 405
24 307
29 105
Living cost
18 731
18 731
18 731
18 731
Free-cash
9 969
17 674
5 576
10 374

Estimated living cost  is ₴18731 per week

₴12065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15121
₴25082
₴17589
₴21120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
14 574
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
28 859
Employee
25 571
-
49 820
-
income
5 395
-
13 124
-
other
25
-
48
-
pensions
1 202
-
2 238
-
unemployment
397
-
738
-
total
7 019
-
16 148
-
Employer
25 571
-
49 820
-
other
204
-
381
-
unemployment
1 407
-
2 618
-
accident
506
-
943
-
pensions
6 034
-
11 237
-
total
8 151
-
15 179
-
Corporate
31 278
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.

4 692
9 750
-
-
total
4 692
9 750
-
-
Dividends
26 586
55 250
-
-
withholding
5 466
11 616
-
-
total
5 466
11 616
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 328
21 366
31 327
28 859
After tax
39 672
43 634
33 673
36 141
Living cost
18 552
18 552
18 552
18 552
Free-cash
21 120
25 082
15 121
17 589

Estimated living cost  is ₴18552 per week

₴13662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3307
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9665
₴11284
₴7073
₴6260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 566
accident
-
-
-
548
income
-
-
-
7 822
pensions
-
-
-
9 743
communal
-
-
-
4 108
surtax
-
-
-
3 223
total
-
-
-
30 010
Employee
38 903
-
58 061
-
surtax
2 385
-
3 558
-
income
3 758
-
9 692
-
pensions
3 112
-
4 645
-
health
1 731
-
2 584
-
total
10 986
-
20 479
-
Employer
38 903
-
58 061
-
health
1 186
-
1 771
-
accident
350
-
523
-
pensions
3 112
-
4 645
-
total
4 648
-
6 939
-
Corporate
21 449
65 000
-
-
surtax
225
682
-
-
income
3 217
9 750
-
-
communal
1 448
4 388
-
-
total
4 890
14 820
-
-
Dividends
16 559
50 180
-
-
income
7 815
3 452
-
-
withholding
2 484
7 527
-
-
total
10 299
10 979
-
-
Income
65 000
65 000
65 000
65 000
Total tax
30 823
25 799
27 418
30 010
After tax
34 177
39 201
37 582
34 990
Living cost
27 917
27 917
27 917
27 917
Free-cash
6 260
11 284
9 665
7 073

Estimated living cost  is ₴27917 per week

₴20942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18686
₴29346
₴19758
₴27711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 615
income
-
-
-
14 057
pensions
-
-
-
13 000
surtax
-
-
-
1 914
unemployment
-
-
-
117
total
-
-
-
33 703
Employee
17 300
-
53 696
-
surtax
61
-
1 744
-
income
2 900
-
13 040
-
other
-
-
-
-
pensions
1 154
-
3 582
-
health
442
-
1 369
-
unemployment
1 204
-
3 738
-
total
5 761
-
23 473
-
Employer
17 300
-
53 696
-
other
-
-
-
-
unemployment
549
-
1 702
-
health
787
-
2 443
-
pensions
2 307
-
7 157
-
total
3 643
-
11 302
-
Corporate
44 058
65 000
-
-
income
11 455
16 900
-
-
total
11 455
16 900
-
-
Dividends
32 603
48 100
-
-
withholding
4 891
7 215
-
-
total
4 891
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 750
24 115
34 775
33 703
After tax
39 250
40 885
30 225
31 297
Living cost
11 539
11 539
11 539
11 539
Free-cash
27 711
29 346
18 686
19 758

Estimated living cost  is ₴11539 per week

₴6966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
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.
₴3302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15241
₴20327
₴18319
₴19187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 759
regional
-
-
-
980
municipal
-
-
-
386
total
-
-
-
32 843
Employee
28 496
-
65 000
-
social contributions
9 609
-
21 918
-
municipal
151
-
345
-
national
4 515
-
12 783
-
regional
384
-
875
-
total
14 659
-
35 921
-
Employer
28 496
-
65 000
-
total
-
-
-
-
Corporate
36 504
65 000
-
-
nationa
8 761
15 600
-
-
municipal
1 814
3 231
-
-
total
10 575
18 831
-
-
Dividends
25 928
46 169
-
-
withholding
6 741
12 004
-
-
total
6 741
12 004
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 975
30 835
35 921
32 843
After tax
33 025
34 165
29 079
32 157
Living cost
13 838
13 838
13 838
13 838
Free-cash
19 187
20 327
15 241
18 319

Estimated living cost  is ₴13838 per week

₴8606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17377
₴29145
₴16693
₴23578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 225
health
-
-
-
8 775
income
-
-
-
5 700
solidarity contribution
-
-
-
-
total
-
-
-
32 700
Employee
22 952
-
48 507
-
social contributions
1 492
-
3 153
-
solidarity contribution
-
-
-
-
income
2 754
-
5 821
-
health
3 098
-
6 549
-
total
7 344
-
15 523
-
Employer
22 952
-
48 507
-
health
2 066
-
4 366
-
social contributions
5 738
-
12 127
-
total
7 804
-
16 493
-
Corporate
34 245
65 000
-
-
income
6 506
12 350
-
-
total
6 506
12 350
-
-
Dividends
27 738
52 650
-
-
withholding
4 161
7 898
-
-
total
4 161
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 815
20 248
32 016
32 700
After tax
39 185
44 752
32 984
32 300
Living cost
15 607
15 607
15 607
15 607
Free-cash
23 578
29 145
17 377
16 693

Estimated living cost  is ₴15607 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1593
₴19873
₴16262
₴19619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 591
income
-
-
-
13 244
chamber of commerce
-
-
-
260
pensions
-
-
-
11 103
surtax
-
-
-
-
unemployment
-
-
-
3 151
total
-
-
-
32 349
Employee
22 456
20 472
50 474
-
income
2 000
1 510
11 219
-
other
224
205
505
-
pensions
2 300
2 096
5 169
-
health
869
793
1 954
-
unemployment
674
614
1 514
-
total
6 067
5 218
20 361
-
Employer
22 456
20 472
50 474
-
other
1 067
972
2 397
-
unemployment
674
614
1 514
-
health
849
774
1 908
-
surtax
-
-
-
-
accident
291
266
656
-
pensions
2 818
2 570
6 335
-
payroll
674
614
1 514
-
chamber of commerce
90
82
202
-
total
6 463
5 892
14 526
-
Corporate
36 082
38 636
48 525
-
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.

9 020
9 659
12 131
-
total
9 020
9 659
12 131
-
Dividends
27 061
28 977
-
-
withholding
7 442
7 969
-
-
total
7 442
7 969
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 992
28 738
47 018
32 349
After tax
36 008
36 262
17 982
32 651
Living cost
16 389
16 389
16 389
16 389
Free-cash
19 619
19 873
1 593
16 262

Estimated living cost  is ₴16389 per week

₴9832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45432
₴55182
₴57782
₴53950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 210
-
65 000
-
income
1 642
-
13 000
-
total
1 642
-
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%.

56 790
65 000
-
-
total
-
-
-
-
Dividends
56 790
65 000
-
-
withholding
2 840
3 250
-
-
total
2 840
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
4 482
3 250
13 000
650
After tax
60 518
61 750
52 000
64 350
Living cost
6 568
6 568
6 568
6 568
Free-cash
53 950
55 182
45 432
57 782

Estimated living cost  is ₴6568 per week

₴4444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17390
₴30974
₴19253
₴26677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 396
income
-
-
-
13 604
pensions
-
-
-
11 871
unemployment
-
-
-
97
total
-
-
-
31 968
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.

22 716
-
56 242
-
income
3 917
-
12 644
-
pensions
3 521
-
8 717
-
health
1 467
-
3 633
-
unemployment
32
-
79
-
total
8 937
-
25 073
-
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.

22 716
-
56 242
-
unemployment
14
-
34
-
health
1 513
-
3 746
-
pensions
2 010
-
4 978
-
total
3 537
-
8 758
-
Corporate
38 747
65 000
-
-
income
7 362
12 350
-
-
total
7 362
12 350
-
-
Dividends
31 385
52 650
-
-
withholding
4 708
7 897
-
-
total
4 708
7 897
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 544
20 247
33 831
31 968
After tax
40 456
44 753
31 169
33 032
Living cost
13 779
13 779
13 779
13 779
Free-cash
26 677
30 974
17 390
19 253

Estimated living cost  is ₴13779 per week

₴9456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and 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 Ljubljana model

Close
Oslo , Norway
₴34332
₴16044
₴21418
-₴16214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 410
income
-
-
-
12 670
total
-
-
-
20 080
Employee
33 699
-
-
-
social contributions
2 763
-
394
-
income
7 433
-
-
-
total
10 196
-
394
-
Employer
33 699
-
-
-
social contributions
47 516
-
6 772
-
total
47 516
-
6 772
-
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
57 712
25 454
7 166
20 080
After tax
7 288
39 546
57 834
44 920
Living cost
23 502
23 502
23 502
23 502
Free-cash
-16 214
16 044
34 332
21 418

Estimated living cost  is ₴23502 per week

₴15249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2210
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15405
₴20859
₴19551
₴20343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
22 588
income
-
-
-
6 748
surtax
-
-
-
-
total
-
-
-
29 336
Employee
23 627
-
52 526
-
surtax
-
-
-
-
social contributions
2 599
-
5 778
-
income
4 914
-
15 230
-
total
7 513
-
21 008
-
Employer
23 627
-
52 526
-
social contributions
5 611
-
12 474
-
total
5 611
-
12 474
-
Corporate
35 762
65 000
-
-
surtax
-
-
-
-
income
7 510
13 650
-
-
total
7 510
13 650
-
-
Dividends
28 252
51 350
-
-
withholding
7 910
14 378
-
-
total
7 910
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 544
28 028
33 482
29 336
After tax
36 456
36 972
31 518
35 664
Living cost
16 113
16 113
16 113
16 113
Free-cash
20 343
20 859
15 405
19 551

Estimated living cost  is ₴16113 per week

₴12056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13756
₴7947
₴12230
₴11479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 015
social contributions
-
-
-
1 852
health
-
-
-
1 953
income
-
-
-
8 118
pensions
-
-
-
14 020
surtax
-
-
-
-
total
-
-
-
27 958
Employee
32 175
-
51 768
-
surtax
-
-
-
-
social contributions
916
-
1 475
-
income
2 807
-
8 743
-
pensions
3 639
-
2 983
-
total
7 362
-
13 201
-
Employer
32 175
-
51 768
-
other
1 110
-
1 786
-
unemployment
1 303
-
2 097
-
health
2 252
-
4 060
-
pensions
5 287
-
5 133
-
social contributions
97
-
155
-
total
10 049
-
13 231
-
Corporate
22 776
65 000
-
-
surtax
-
-
-
-
income
6 378
18 200
-
-
total
6 378
18 200
-
-
Dividends
16 399
46 800
-
-
social contributions
2 821
8 050
-
-
surtax
-
-
-
-
withholding
2 099
5 991
-
-
total
4 920
14 041
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 709
32 241
26 432
27 958
After tax
36 291
32 759
38 568
37 042
Living cost
24 812
24 812
24 812
24 812
Free-cash
11 479
7 947
13 756
12 230

Estimated living cost  is ₴24812 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35034
₴43058
₴33307
₴41332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 951
social contributions
-
-
-
14 300
total
-
-
-
16 251
Employee
16 515
-
56 277
-
income
-
-
2 143
-
social contributions
1 073
-
3 658
-
total
1 073
-
5 801
-
Employer
16 515
-
56 277
-
social contributions
2 560
-
8 723
-
total
2 560
-
8 723
-
Corporate
45 925
65 000
-
-
income
4 593
6 500
-
-
total
4 593
6 500
-
-
Dividends
41 332
58 500
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
8 226
6 500
14 524
16 251
After tax
56 774
58 500
50 476
48 749
Living cost
15 442
15 442
15 442
15 442
Free-cash
41 332
43 058
35 034
33 307

Estimated living cost  is ₴15442 per week

₴9985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴46566
-₴46566
₴14834
-₴46566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 165
pensions
-
-
-
444
national
-
-
-
7 104
municipal
-
-
-
12 792
total
-
-
-
25 505
Employee
104 087
104 087
104 087
-
labour market
8 315
8 315
8 315
-
municipal
22 165
22 165
22 165
-
national
12 716
12 716
12 716
-
pensions
148
148
148
-
total
43 344
43 344
43 344
-
Employer
104 087
104 087
104 087
-
national
12 738
12 738
12 738
-
labour market
8 327
8 327
8 327
-
pensions
296
296
296
-
municipal
22 200
22 200
22 200
-
total
43 561
43 561
43 561
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
86 905
86 905
86 905
25 505
After tax
-21 905
-21 905
-21 905
39 495
Living cost
24 661
24 661
24 661
24 661
Free-cash
-46 566
-46 566
-46 566
14 834

Estimated living cost  is ₴24661 per week

₴16878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23198
-₴5931
₴33333
₴3548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 127
accident
-
-
-
130
income
-
-
-
16 874
pensions
-
-
-
2 149
total
-
-
-
20 471
Employee
17 613
-
56 962
-
income
2 416
-
12 105
-
pensions
1 983
-
3 941
-
health
2 017
-
6 522
-
total
6 416
-
22 568
-
Employer
17 613
-
56 962
-
unemployment
432
-
1 396
-
accident
294
-
951
-
pensions
2 864
-
5 691
-
total
3 590
-
8 038
-
Corporate
43 798
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.

39 418
58 500
-
-
total
39 418
58 500
-
-
Dividends
4 380
6 500
-
-
withholding
832
1 235
-
-
total
832
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
50 256
59 735
30 606
20 471
After tax
14 744
5 265
34 394
44 529
Living cost
11 196
11 196
11 196
11 196
Free-cash
3 548
-5 931
23 198
33 333

Estimated living cost  is ₴11196 per week

₴8150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
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.
₴2198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15995
₴22454
₴24908
₴22595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
787
national
-
-
-
8 024
municipal
-
-
-
11 558
total
-
-
-
20 369
Employee
27 027
-
54 681
-
municipal
4 427
-
8 918
-
national
446
-
4 906
-
pensions
1 824
-
3 691
-
health
202
-
628
-
unemployment
406
-
820
-
total
7 305
-
18 963
-
Employer
27 027
-
54 681
-
unemployment
175
-
356
-
health
208
-
421
-
accident
27
-
55
-
pensions
4 689
-
9 487
-
total
5 099
-
10 319
-
Corporate
32 873
65 000
-
-
income
6 574
13 000
-
-
total
6 574
13 000
-
-
Dividends

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

19 724
39 000
-
-
national
154
2 803
-
-
municipal
3 550
7 020
-
-
total
3 704
9 823
-
-
Income
65 000
65 000
65 000
65 000
Total tax
22 682
22 823
29 282
20 369
After tax
42 318
42 177
35 718
44 631
Living cost
19 723
19 723
19 723
19 723
Free-cash
22 595
22 454
15 995
24 908

Estimated living cost  is ₴19723 per week

₴12883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32946
₴35607
₴33637
₴32813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 312
health
-
-
-
1 657
income
-
-
-
9 500
total
-
-
-
19 469
Employee
39 502
39 502
59 477
-
social contributions
1 493
3 278
4 422
-
income
4 301
3 657
9 204
-
health
306
672
1 011
-
total
6 100
7 607
14 637
-
Employer
39 502
39 502
59 477
-
health
332
731
1 101
-
social contributions
1 493
3 278
4 422
-
total
1 825
4 009
5 523
-
Corporate
45 180
21 488
-
-
income
5 647
2 686
-
-
total
5 647
2 686
-
-
Dividends
39 532
18 803
-
-
withholding
6 721
3 197
-
-
total
6 721
3 197
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 293
17 499
20 160
19 469
After tax
44 707
47 501
44 840
45 531
Living cost
11 894
11 894
11 894
11 894
Free-cash
32 813
35 607
32 946
33 637

Estimated living cost  is ₴11894 per week

₴7128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34995
₴45670
₴45299
₴43060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 859
income
-
-
-
6 403
pensions
-
-
-
3 268
unemployment
-
-
-
15
total
-
-
-
11 545
Employee

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

11 791
-
59 979
-
income
806
-
5 130
-
pensions
1 768
-
7 311
-
health
1 002
-
4 143
-
unemployment
58
-
244
-
total
3 634
-
16 828
-
Employer

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

11 791
-
59 979
-
unemployment
58
-
244
-
health
507
-
2 096
-
pensions
648
-
2 681
-
total
1 213
-
5 021
-
Corporate
51 995
65 000
-
-
income
4 679
5 850
-
-
total
4 679
5 850
-
-
Dividends
47 315
59 150
-
-
withholding
4 258
5 324
-
-
total
4 258
5 324
-
-
Income
65 000
65 000
65 000
65 000
Total tax
13 784
11 174
21 849
11 545
After tax
51 216
53 826
43 151
53 455
Living cost
8 156
8 156
8 156
8 156
Free-cash
43 060
45 670
34 995
45 299

Estimated living cost  is ₴8156 per week

₴5204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19546
₴29508
₴22014
₴26944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
14 574
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
28 859
Employee
18 995
-
49 820
-
income
3 662
-
13 124
-
other
19
-
48
-
pensions
893
-
2 238
-
unemployment
294
-
738
-
total
4 868
-
16 148
-
Employer
18 995
-
49 820
-
other
152
-
381
-
unemployment
1 045
-
2 618
-
accident
376
-
943
-
pensions
4 482
-
11 237
-
total
6 055
-
15 179
-
Corporate
39 949
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.

5 993
9 750
-
-
total
5 993
9 750
-
-
Dividends
33 957
55 250
-
-
withholding
7 014
11 616
-
-
total
7 014
11 616
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 930
21 366
31 327
28 859
After tax
41 070
43 634
33 673
36 141
Living cost
14 126
14 126
14 126
14 126
Free-cash
26 944
29 508
19 546
22 014

Estimated living cost  is ₴14126 per week

₴9535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40671
₴39608
₴40740
₴39453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
503
income
-
-
-
22 111
pensions
-
-
-
694
total
-
-
-
23 308
Employee
1 450
-
64 219
-
income
280
-
22 075
-
pensions
130
-
312
-
health
72
-
174
-
unemployment
15
-
35
-
total
497
-
22 596
-
Employer
1 450
-
64 219
-
unemployment
29
-
69
-
health
138
-
330
-
pensions
159
-
382
-
total
326
-
781
-
Corporate
63 224
65 000
-
-
income
13 909
14 300
-
-
total
13 909
14 300
-
-
Dividends
49 315
50 700
-
-
withholding
9 863
10 140
-
-
total
9 863
10 140
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 595
24 440
23 377
23 308
After tax
40 405
40 560
41 623
41 692
Living cost
952
952
952
952
Free-cash
39 453
39 608
40 671
40 740

Estimated living cost  is ₴952 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27709
₴38098
₴27710
₴35579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 901
income
-
-
-
14 109
pensions
-
-
-
9 848
unemployment
-
-
-
568
total
-
-
-
28 426
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.

13 366
-
58 220
-
income
1 842
-
14 109
-
pensions
1 871
-
5 303
-
health
688
-
1 951
-
unemployment
100
-
284
-
total
4 501
-
21 647
-
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.

13 366
-
58 220
-
unemployment
100
-
284
-
health
688
-
1 951
-
pensions
1 604
-
4 545
-
total
2 392
-
6 780
-
Corporate
49 242
65 000
-
-
income
7 386
9 750
-
-
total
7 386
9 750
-
-
Dividends
41 856
55 250
-
-
withholding
6 278
8 288
-
-
total
6 278
8 288
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 557
18 038
28 427
28 426
After tax
44 443
46 962
36 573
36 574
Living cost
8 864
8 864
8 864
8 864
Free-cash
35 579
38 098
27 709
27 710

Estimated living cost  is ₴8864 per week

₴5968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
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.
₴1954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17669
₴23123
₴21815
₴22938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
22 588
income
-
-
-
6 748
surtax
-
-
-
-
total
-
-
-
29 336
Employee
19 938
-
52 526
-
surtax
-
-
-
-
social contributions
2 193
-
5 778
-
income
3 896
-
15 230
-
total
6 089
-
21 008
-
Employer
19 938
-
52 526
-
social contributions
4 735
-
12 474
-
total
4 735
-
12 474
-
Corporate
40 327
65 000
-
-
surtax
-
-
-
-
income
8 469
13 650
-
-
total
8 469
13 650
-
-
Dividends
31 858
51 350
-
-
withholding
8 920
14 378
-
-
total
8 920
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 213
28 028
33 482
29 336
After tax
36 787
36 972
31 518
35 664
Living cost
13 849
13 849
13 849
13 849
Free-cash
22 938
23 123
17 669
21 815

Estimated living cost  is ₴13849 per week

₴9809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15619
₴25580
₴18087
₴21794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
14 574
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
28 859
Employee
24 810
-
49 820
-
income
5 182
-
13 124
-
other
24
-
48
-
pensions
1 166
-
2 238
-
unemployment
384
-
738
-
total
6 756
-
16 148
-
Employer
24 810
-
49 820
-
other
199
-
381
-
unemployment
1 365
-
2 618
-
accident
491
-
943
-
pensions
5 855
-
11 237
-
total
7 910
-
15 179
-
Corporate
32 280
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.

4 842
9 750
-
-
total
4 842
9 750
-
-
Dividends
27 438
55 250
-
-
withholding
5 644
11 616
-
-
total
5 644
11 616
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 152
21 366
31 327
28 859
After tax
39 848
43 634
33 673
36 141
Living cost
18 054
18 054
18 054
18 054
Free-cash
21 794
25 580
15 619
18 087

Estimated living cost  is ₴18054 per week

₴12966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44085
₴46852
₴41797
₴43762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 037
income
-
-
-
9 750
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
14 480
Employee
11 551
-
61 525
-
income
1 155
-
6 152
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 014
-
1 555
-
health
531
-
815
-
total
2 827
-
8 717
-
Employer
11 551
-
61 525
-
unemployment
69
-
106
-
health
797
-
1 222
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 273
-
1 952
-
total
2 266
-
3 475
-
Corporate
51 183
65 000
-
-
income
5 119
6 500
-
-
total
5 119
6 500
-
-
Dividends
46 064
58 500
-
-
withholding
2 303
2 925
-
-
total
2 303
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 515
9 425
12 192
14 480
After tax
52 485
55 575
52 808
50 520
Living cost
8 723
8 723
8 723
8 723
Free-cash
43 762
46 852
44 085
41 797

Estimated living cost  is ₴8723 per week

₴5769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23441
₴13660
₴17541
₴20381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 510
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.

-
-
-
17 266
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.

-
-
-
950
trade
-
-
-
5 900
total
-
-
-
27 626
Employee

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

25 560
-
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.

116
-
950
-
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.

2 102
-
17 266
-
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.

3 510
-
3 510
-
total
5 728
-
21 726
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 440
65 000
-
-
chamber of commerce
136
174
-
-
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.

326
536
-
-
trade
5 660
9 328
-
-
income
5 915
9 750
-
-
total
12 037
19 788
-
-
Dividends
27 403
45 213
-
-
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.

366
611
-
-
withholding
6 655
11 108
-
-
total
7 021
11 719
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 786
31 507
21 726
27 626
After tax
40 214
33 493
43 274
37 374
Living cost
19 833
19 833
19 833
19 833
Free-cash
20 381
13 660
23 441
17 541

Estimated living cost  is ₴19833 per week

₴13681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2134
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.
₴3730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12161
₴16237
₴12161
₴17371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 509
social contributions
-
-
-
6 067
total
-
-
-
23 576
Employee
40 184
-
65 000
-
income
7 583
-
17 509
-
social contributions
3 338
-
6 067
-
total
10 921
-
23 576
-
Employer
40 184
-
65 000
-
total
-
-
-
-
Corporate
24 816
65 000
-
-
income
3 102
8 125
-
-
total
3 102
8 125
-
-
Dividends
21 714
56 875
-
-
withholding
4 343
11 375
-
-
total
4 343
11 375
-
-
Income
65 000
65 000
65 000
65 000
Total tax
18 366
19 500
23 576
23 576
After tax
46 634
45 500
41 424
41 424
Living cost
29 263
29 263
29 263
29 263
Free-cash
17 371
16 237
12 161
12 161

Estimated living cost  is ₴29263 per week

₴22263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29123
₴20888
₴28566
₴22684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 623
health

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

-
-
-
3 163
total
-
-
-
17 786
Employee
23 566
-
62 637
-
income
2 557
-
12 503
-
social contributions
2 361
-
2 363
-
total
4 918
-
14 866
-
Employer
23 566
-
62 637
-
social contributions
2 361
-
2 363
-
total
2 361
-
2 363
-
Corporate
39 073
65 000
-
-
income
13 675
22 750
-
-
total
13 675
22 750
-
-
Dividends
25 397
42 250
-
-
social contributions
2 714
2 714
-
-
total
2 714
2 714
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 668
25 464
17 229
17 786
After tax
41 332
39 536
47 771
47 214
Living cost
18 648
18 648
18 648
18 648
Free-cash
22 684
20 888
29 123
28 566

Estimated living cost  is ₴18648 per week

₴12283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20019
₴26294
₴26040
₴26905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 951
pensions
-
-
-
4 088
total
-
-
-
20 039
Employee
25 972
-
57 009
-
income
4 730
-
11 937
-
health
339
-
922
-
pensions
1 982
-
5 210
-
total
7 051
-
18 069
-
Employer
25 972
-
57 009
-
health
494
-
1 084
-
pensions
2 624
-
6 907
-
total
3 118
-
7 991
-
Corporate
35 911
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.

6 823
12 350
-
-
total
6 823
12 350
-
-
Dividends
29 088
52 650
-
-
withholding
2 182
7 435
-
-
total
2 182
7 435
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 174
19 785
26 060
20 039
After tax
45 826
45 215
38 940
44 961
Living cost
18 921
18 921
18 921
18 921
Free-cash
26 905
26 294
20 019
26 040

Estimated living cost  is ₴18921 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22089
-₴7040
₴32224
₴3378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 127
accident
-
-
-
130
income
-
-
-
16 874
pensions
-
-
-
2 149
total
-
-
-
20 471
Employee
19 356
-
56 962
-
income
2 655
-
12 105
-
pensions
2 180
-
3 941
-
health
2 216
-
6 522
-
total
7 051
-
22 568
-
Employer
19 356
-
56 962
-
unemployment
474
-
1 396
-
accident
323
-
951
-
pensions
3 147
-
5 691
-
total
3 944
-
8 038
-
Corporate
41 699
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.

37 530
58 500
-
-
total
37 530
58 500
-
-
Dividends
4 170
6 500
-
-
withholding
792
1 235
-
-
total
792
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
49 317
59 735
30 606
20 471
After tax
15 683
5 265
34 394
44 529
Living cost
12 305
12 305
12 305
12 305
Free-cash
3 378
-7 040
22 089
32 224

Estimated living cost  is ₴12305 per week

₴9030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2309
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36460
₴47769
₴29863
₴45370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 334
health insurance
-
-
-
4 810
work injury
-
-
-
325
pensions
-
-
-
11 960
unemployment
-
-
-
780
total
-
-
-
28 209
Employee

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

11 085
-
65 000
-
income
1 109
-
10 334
-
work injury
55
-
205
-
health insurance
820
-
3 035
-
pensions
2 040
-
7 546
-
unemployment
133
-
492
-
total
4 157
-
21 612
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 915
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%.

539
650
-
-
total
539
650
-
-
Dividends
53 376
64 350
-
-
withholding
8 006
9 653
-
-
total
8 006
9 653
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 702
10 303
21 612
28 209
After tax
52 298
54 697
43 388
36 791
Living cost
6 928
6 928
6 928
6 928
Free-cash
45 370
47 769
36 460
29 863

Estimated living cost  is ₴6928 per week

₴4292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8227
₴13772
₴11199
₴11436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 759
regional
-
-
-
1 424
municipal
-
-
-
435
total
-
-
-
33 336
Employee
43 289
-
65 000
-
social contributions
14 597
-
21 918
-
municipal
258
-
388
-
national
7 315
-
12 783
-
regional
654
-
1 219
-
total
22 824
-
36 308
-
Employer
43 289
-
65 000
-
total
-
-
-
-
Corporate
21 711
65 000
-
-
nationa
5 211
15 600
-
-
municipal
1 046
3 133
-
-
total
6 257
18 733
-
-
Dividends
15 455
46 267
-
-
withholding
4 018
12 030
-
-
total
4 018
12 030
-
-
Income
65 000
65 000
65 000
65 000
Total tax
33 099
30 763
36 308
33 336
After tax
31 901
34 237
28 692
31 664
Living cost
20 465
20 465
20 465
20 465
Free-cash
11 436
13 772
8 227
11 199

Estimated living cost  is ₴20465 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1408
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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