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
₴22020
₴29118
₴24557
₴19814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 098
health

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

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

-
-
-
2 929
income

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

-
-
-
18 925
surtax

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

-
-
-
1 041
total
-
-
-
29 993
Employee

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

16 400
-
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.

25
-
1 041
-
income

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

458
-
18 925
-
health

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

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

2 929
-
2 929
-
total
3 412
-
22 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 600
65 000
-
-
trade
7 654
10 238
-
-
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.

401
536
-
-
income
7 290
9 750
-
-
chamber of commerce
135
159
-
-
total
15 480
20 683
-
-
Dividends
33 120
44 317
-
-
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.

447
600
-
-
withholding
8 117
10 916
-
-
total
8 564
11 516
-
-
Income
65 000
65 000
65 000
65 000
Total tax
27 456
32 199
22 895
29 993
After tax
37 544
32 801
42 105
35 007
Living cost
12 987
12 987
12 987
12 987
Free-cash
24 557
19 814
29 118
22 020

Estimated living cost  is ₴12987 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16894
₴17405
₴18562
₴18924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
social contributions
-
-
-
699
municipal
-
-
-
7 049
national
-
-
-
10 922
pensions
-
-
-
7 800
total
-
-
-
26 470
Employee
33 540
-
56 192
-
pensions
1 342
-
2 248
-
national
6 420
-
11 312
-
municipal
4 143
-
7 300
-
total
11 905
-
20 860
-
Employer
33 540
-
56 192
-
pensions
2 683
-
4 495
-
social contributions
361
-
604
-
total
3 044
-
5 099
-
Corporate
26 203
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%.

5 241
13 000
-
-
total
5 241
13 000
-
-
Dividends
20 962
52 000
-
-
withholding
4 612
11 440
-
-
total
4 612
11 440
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 802
24 440
25 959
26 470
After tax
40 198
40 560
39 041
38 530
Living cost
21 636
21 636
21 636
21 636
Free-cash
18 562
18 924
17 405
16 894

Estimated living cost  is ₴21636 per week

₴14706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
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.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12394
₴30578
₴39564
₴43080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 428
income
-
-
-
10 683
microenterprise
-
-
-
-
surtax
-
-
-
16 575
total
-
-
-
43 686
Employee
12 529
-
46 779
-
income
2 230
-
9 087
-
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.

1 378
-
5 146
-
surtax
-
-
-
-
total
3 608
-
14 233
-
Employer
12 529
-
46 779
-
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.

3 018
-
11 269
-
surtax
-
-
-
-
total
3 018
-
11 269
-
Corporate
49 453
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%.

9 890
13 000
-
-
total
9 890
13 000
-
-
Dividends

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

39 563
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
16 516
13 000
25 502
43 686
After tax
48 484
52 000
39 498
21 314
Living cost
8 920
8 920
8 920
8 920
Free-cash
39 564
43 080
30 578
12 394

Estimated living cost  is ₴8920 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18655
₴21505
₴11437
₴14063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 287
income
-
-
-
18 072
pensions
-
-
-
5 024
total
-
-
-
28 383
Employee
36 616
36 616
57 032
-
income

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

5 993
5 993
7 253
-
pensions
6 591
5 024
5 024
-
health
5 620
4 780
5 287
-
total
18 204
15 797
17 564
-
Employer
36 616
36 616
57 032
-
pensions
2 548
2 548
3 168
-
health
2 545
2 545
3 163
-
unemployment
1 318
1 318
1 638
-
total
6 411
6 411
7 969
-
Corporate
22 422
21 973
-
-
income
4 484
4 395
-
-
total
4 484
4 395
-
-
Dividends
17 938
17 578
-
-
withholding
2 691
2 636
-
-
income
3 811
3 736
-
-
total
6 502
6 372
-
-
Income
65 000
65 000
65 000
65 000
Total tax
35 601
32 975
25 533
28 383
After tax
29 399
32 025
39 467
36 617
Living cost
17 962
17 962
17 962
17 962
Free-cash
11 437
14 063
21 505
18 655

Estimated living cost  is ₴17962 per week

₴12729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
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.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17367
₴16966
₴18628
₴18998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 200
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
16 261
health
-
-
-
2 255
national
-
-
-
4 410
pensions
-
-
-
3 907
total
-
-
-
31 141
Employee
23 499
-
53 644
-
national
-
-
4 189
-
municipal
7 007
-
15 997
-
total
7 007
-
20 186
-
Employer
23 499
-
53 644
-
pensions
2 540
-
3 907
-
other
2 731
-
4 200
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 383
-
11 356
-
Corporate
34 118
65 000
-
-
income
7 506
14 300
-
-
total
7 506
14 300
-
-
Dividends
26 612
50 700
-
-
withholding
7 984
15 210
-
-
total
7 984
15 210
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 880
29 510
31 542
31 141
After tax
35 120
35 490
33 458
33 859
Living cost
16 492
16 492
16 492
16 492
Free-cash
18 628
18 998
16 966
17 367

Estimated living cost  is ₴16492 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴3693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17848
₴25261
₴21647
₴15623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 413
health

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

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

-
-
-
2 929
income

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

-
-
-
18 925
surtax

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

-
-
-
1 041
total
-
-
-
30 308
Employee

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

21 744
-
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.

103
-
1 041
-
income

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

1 868
-
18 925
-
health

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

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

2 929
-
2 929
-
total
4 900
-
22 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 256
65 000
-
-
trade
7 116
10 693
-
-
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.

357
536
-
-
income
6 488
9 750
-
-
chamber of commerce
127
158
-
-
total
14 088
21 137
-
-
Dividends
29 168
43 863
-
-
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.

392
594
-
-
withholding
7 129
10 802
-
-
total
7 521
11 396
-
-
Income
65 000
65 000
65 000
65 000
Total tax
26 509
32 533
22 895
30 308
After tax
38 491
32 467
42 105
34 692
Living cost
16 844
16 844
16 844
16 844
Free-cash
21 647
15 623
25 261
17 848

Estimated living cost  is ₴16844 per week

₴11265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
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.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31049
₴30446
₴31768
₴33546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 657
income
-
-
-
11 450
total
-
-
-
20 044
Employee
32 971
32 971
60 195
-
income
3 462
3 052
11 127
-
social contributions
1 602
2 736
3 691
-
health
328
561
1 024
-
total
5 392
6 349
15 842
-
Employer
32 971
32 971
60 195
-
health
357
610
1 114
-
social contributions
1 602
2 736
3 691
-
total
1 959
3 346
4 805
-
Corporate
43 741
28 683
-
-
income
5 468
3 585
-
-
total
5 468
3 585
-
-
Dividends
38 273
25 098
-
-
withholding
6 506
4 267
-
-
total
6 506
4 267
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 325
17 547
20 647
20 044
After tax
45 675
47 453
44 353
44 956
Living cost
13 907
13 907
13 907
13 907
Free-cash
31 768
33 546
30 446
31 049

Estimated living cost  is ₴13907 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37208
₴29859
₴28879
₴28716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
975
health
-
-
-
4 550
income
-
-
-
7 946
pensions
-
-
-
6 500
total
-
-
-
19 971
Employee

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
54 393
-
income
1 380
549
6 650
-
pensions
1 129
449
5 439
-
unemployment
169
67
816
-
health
790
315
3 808
-
total
3 468
1 380
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.

11 289
4 493
54 393
-
pensions
2 201
876
10 607
-
total
2 201
876
10 607
-
Corporate
51 510
59 631
-
-
income
4 636
5 367
-
-
total
4 636
5 367
-
-
Dividends
46 874
54 264
-
-
social contributions
9 089
10 530
-
-
withholding
8 906
10 310
-
-
total
17 995
20 840
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 300
28 463
27 320
19 971
After tax
36 700
36 537
37 680
45 029
Living cost
7 821
7 821
7 821
7 821
Free-cash
28 879
28 716
29 859
37 208

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24485
₴27110
₴38981
₴41644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 999
total
-
-
-
30 159
Employee
12 164
-
48 579
-
income
1 369
-
9 366
-
pensions
243
-
972
-
unemployment
194
-
777
-
total
1 806
-
11 115
-
Employer
12 164
-
48 579
-
pensions
2 433
-
9 715
-
health
1 581
-
6 315
-
unemployment
98
-
389
-
total
4 112
-
16 419
-
Corporate
48 725
65 000
-
-
income
9 745
13 000
-
-
total
9 745
13 000
-
-
Dividends
38 980
52 000
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
15 663
13 000
27 534
30 159
After tax
49 337
52 000
37 466
34 841
Living cost
10 356
10 356
10 356
10 356
Free-cash
38 981
41 644
27 110
24 485

Estimated living cost  is ₴10356 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
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.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35074
₴25550
₴3823
-₴4133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
17 553
pensions
-
-
-
1 777
total
-
-
-
20 528
Employee
14 784
-
57 908
-
income
2 028
-
13 071
-
pensions
1 665
-
3 259
-
health
1 693
-
6 630
-
total
5 386
-
22 960
-
Employer
14 784
-
57 908
-
pensions
2 404
-
4 706
-
accident
247
-
967
-
unemployment
362
-
1 419
-
total
3 013
-
7 092
-
Corporate
47 203
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.

42 483
58 500
-
-
total
42 483
58 500
-
-
Dividends
4 720
6 500
-
-
withholding
897
1 235
-
-
total
897
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
51 779
59 735
30 052
20 528
After tax
13 221
5 265
34 948
44 472
Living cost
9 398
9 398
9 398
9 398
Free-cash
3 823
-4 133
25 550
35 074

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60486
₴48136
₴57162
₴57886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 830
-
65 000
-
income
966
-
13 000
-
total
966
-
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%.

60 170
65 000
-
-
total
-
-
-
-
Dividends
60 170
65 000
-
-
withholding
3 008
3 250
-
-
total
3 008
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
3 974
3 250
13 000
650
After tax
61 026
61 750
52 000
64 350
Living cost
3 864
3 864
3 864
3 864
Free-cash
57 162
57 886
48 136
60 486

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22979
₴25667
₴33435
₴36330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 049
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.

-
-
-
15 600
total
-
-
-
30 596
Employee
15 568
-
51 917
-
income
2 680
-
9 945
-
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.

1 090
-
3 634
-
unemployment
155
-
519
-
health
218
-
727
-
total
4 143
-
14 825
-
Employer
15 568
-
51 917
-
pensions

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

2 647
-
8 826
-
other
779
-
2 596
-
accident
124
-
415
-
health
218
-
727
-
unemployment
155
-
519
-
total
3 923
-
13 083
-
Corporate
45 508
65 000
-
-
income
9 557
13 650
-
-
total
9 557
13 650
-
-
Dividends
35 951
51 350
-
-
withholding
2 517
3 595
-
-
total
2 517
3 595
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 140
17 245
27 908
30 596
After tax
44 860
47 755
37 092
34 404
Living cost
11 425
11 425
11 425
11 425
Free-cash
33 435
36 330
25 667
22 979

Estimated living cost  is ₴11425 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15080
₴9136
₴13928
₴14884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 411
pensions
-
-
-
3 661
total
-
-
-
21 072
Employee
40 816
-
56 883
-
income
7 357
-
13 448
-
pensions
3 938
-
4 584
-
health
673
-
867
-
total
11 968
-
18 899
-
Employer
40 816
-
56 883
-
pensions
4 819
-
7 036
-
health
775
-
1 081
-
total
5 594
-
8 117
-
Corporate
18 590
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.

3 532
12 350
-
-
total
3 532
12 350
-
-
Dividends
15 058
52 650
-
-
withholding
1 130
8 918
-
-
total
1 130
8 918
-
-
Income
65 000
65 000
65 000
65 000
Total tax
22 224
21 268
27 016
21 072
After tax
42 776
43 732
37 984
43 928
Living cost
28 848
28 848
28 848
28 848
Free-cash
13 928
14 884
9 136
15 080

Estimated living cost  is ₴28848 per week

₴21616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴45627
₴48062
₴47960
₴49952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 723
income
-
-
-
9 750
pensions

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

-
-
-
2 217
total
-
-
-
13 750
Employee
7 446
-
62 061
-
income
744
-
6 206
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
8 375
-
Employer
7 446
-
62 061
-
pensions

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

821
-
1 651
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 034
-
unemployment
45
-
90
-
total
1 462
-
2 940
-
Corporate
56 093
65 000
-
-
income
5 609
6 500
-
-
total
5 609
6 500
-
-
Dividends
50 484
58 500
-
-
withholding
2 524
2 925
-
-
total
2 524
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
11 417
9 425
11 315
13 750
After tax
53 583
55 575
53 685
51 250
Living cost
5 623
5 623
5 623
5 623
Free-cash
47 960
49 952
48 062
45 627

Estimated living cost  is ₴5623 per week

₴3283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12841
₴15691
₴9328
₴8249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 287
income
-
-
-
18 072
pensions
-
-
-
5 024
total
-
-
-
28 383
Employee
39 753
36 616
57 032
-
income

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

5 993
5 993
7 253
-
pensions
5 024
5 024
5 024
-
health
4 959
4 780
5 287
-
total
15 976
15 797
17 564
-
Employer
39 753
36 616
57 032
-
pensions
2 767
2 548
3 168
-
health
2 762
2 545
3 163
-
unemployment
1 431
1 318
1 638
-
total
6 960
6 411
7 969
-
Corporate
18 287
21 973
-
-
income
3 657
4 395
-
-
total
3 657
4 395
-
-
Dividends
14 629
17 578
-
-
withholding
2 194
2 636
-
-
income
3 109
3 736
-
-
total
5 303
6 372
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 896
32 975
25 533
28 383
After tax
33 104
32 025
39 467
36 617
Living cost
23 776
23 776
23 776
23 776
Free-cash
9 328
8 249
15 691
12 841

Estimated living cost  is ₴23776 per week

₴17539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴24897
₴22686
₴30781
₴34455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
8 775
income
-
-
-
6 211
solidarity contribution
-
-
-
-
total
-
-
-
29 805
Employee
15 145
-
48 507
-
income
1 817
-
5 821
-
solidarity contribution
-
-
-
-
social contributions
984
-
3 153
-
health
2 045
-
6 549
-
total
4 846
-
15 523
-
Employer
15 145
-
48 507
-
health
1 363
-
4 366
-
social contributions
3 786
-
12 127
-
total
5 149
-
16 493
-
Corporate
44 706
65 000
-
-
income
8 494
12 350
-
-
total
8 494
12 350
-
-
Dividends
36 212
52 650
-
-
withholding
5 432
7 897
-
-
total
5 432
7 897
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 921
20 247
32 016
29 805
After tax
41 079
44 753
32 984
35 195
Living cost
10 298
10 298
10 298
10 298
Free-cash
30 781
34 455
22 686
24 897

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13588
₴10601
₴14347
₴16587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
386
national
-
-
-
15 459
regional
-
-
-
756
total
-
-
-
33 319
Employee
38 107
-
65 000
-
national
6 603
-
13 377
-
social contributions
12 850
-
21 918
-
municipal
202
-
345
-
regional
360
-
666
-
total
20 015
-
36 306
-
Employer
38 107
-
65 000
-
total
-
-
-
-
Corporate
26 893
65 000
-
-
nationa
6 454
15 600
-
-
municipal
1 049
2 535
-
-
total
7 503
18 135
-
-
Dividends
19 390
46 866
-
-
withholding
5 042
12 185
-
-
total
5 042
12 185
-
-
Income
65 000
65 000
65 000
65 000
Total tax
32 560
30 320
36 306
33 319
After tax
32 440
34 680
28 694
31 681
Living cost
18 093
18 093
18 093
18 093
Free-cash
14 347
16 587
10 601
13 588

Estimated living cost  is ₴18093 per week

₴12612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
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.
₴4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21383
₴19301
₴30090
₴31423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
16 206
surtax
-
-
-
2 343
pensions
-
-
-
11 445
total
-
-
-
34 155
Employee
14 179
-
53 696
-
income
2 377
-
14 232
-
pensions
945
-
3 582
-
unemployment
987
-
3 737
-
health
362
-
1 369
-
other
-
-
-
-
surtax
46
-
2 014
-
total
4 717
-
24 934
-
Employer
14 179
-
53 696
-
pensions
1 890
-
7 158
-
other
-
-
-
-
health
645
-
2 443
-
unemployment
449
-
1 702
-
total
2 984
-
11 303
-
Corporate
47 836
65 000
-
-
income
12 437
16 900
-
-
total
12 437
16 900
-
-
Dividends
35 399
48 100
-
-
withholding
5 310
7 215
-
-
total
5 310
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 448
24 115
36 237
34 155
After tax
39 552
40 885
28 763
30 845
Living cost
9 462
9 462
9 462
9 462
Free-cash
30 090
31 423
19 301
21 383

Estimated living cost  is ₴9462 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24220
₴18276
₴25598
₴24024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 411
pensions
-
-
-
3 661
total
-
-
-
21 072
Employee
27 354
-
56 883
-
income
4 927
-
13 448
-
pensions
2 322
-
4 584
-
health
397
-
867
-
total
7 646
-
18 899
-
Employer
27 354
-
56 883
-
pensions
2 961
-
7 036
-
health
520
-
1 081
-
total
3 481
-
8 117
-
Corporate
34 166
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.

6 491
12 350
-
-
total
6 491
12 350
-
-
Dividends
27 675
52 650
-
-
withholding
2 076
8 918
-
-
total
2 076
8 918
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 694
21 268
27 016
21 072
After tax
45 306
43 732
37 984
43 928
Living cost
19 708
19 708
19 708
19 708
Free-cash
25 598
24 024
18 276
24 220

Estimated living cost  is ₴19708 per week

₴14765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20684
₴17528
₴11177
-₴2688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
147
city
-
-
-
685
national
-
-
-
830
regional
-
-
-
2 963
pensions
-
-
-
5 980
total
-
-
-
11 905
Employee
37 929
-
58 179
-
pensions
3 187
-
4 886
-
national
180
-
679
-
unemployment
-
-
-
-
city
407
-
625
-
health
86
-
131
-
regional
1 242
-
2 559
-
total
5 102
-
8 880
-
Employer
37 929
-
58 179
-
pensions
3 187
-
4 886
-
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.

758
-
1 164
-
health
86
-
131
-
unemployment
-
-
-
-
total
4 031
-
6 181
-
Corporate
22 623
65 000
-
-
regional
4 785
13 748
-
-
national
1 923
5 525
-
-
total
6 708
19 273
-
-
Dividends
15 915
45 727
-
-
withholding
5 571
16 004
-
-
total
5 571
16 004
-
-
Income
65 000
65 000
65 000
65 000
Total tax
21 412
35 277
15 061
11 905
After tax
43 588
29 723
49 939
53 095
Living cost
32 411
32 411
32 411
32 411
Free-cash
11 177
-2 688
17 528
20 684

Estimated living cost  is ₴32411 per week

₴21076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14735
₴22463
₴19443
₴12492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 728
health

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

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

-
-
-
2 929
income

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

-
-
-
18 925
surtax

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

-
-
-
1 041
total
-
-
-
30 623
Employee

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

25 769
-
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.

167
-
1 041
-
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.

3 030
-
18 925
-
health

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

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

2 929
-
2 929
-
total
6 126
-
22 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 231
65 000
-
-
trade
6 728
11 147
-
-
surtax

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

324
536
-
-
income
5 885
9 750
-
-
chamber of commerce
120
156
-
-
total
13 057
21 589
-
-
Dividends
26 174
43 410
-
-
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.

351
588
-
-
withholding
6 381
10 689
-
-
total
6 732
11 277
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 915
32 866
22 895
30 623
After tax
39 085
32 134
42 105
34 377
Living cost
19 642
19 642
19 642
19 642
Free-cash
19 443
12 492
22 463
14 735

Estimated living cost  is ₴19642 per week

₴14346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22129
₴22228
₴20622
₴18090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 420
income
-
-
-
9 320
surtax
-
-
-
-
pensions
-
-
-
12 594
total
-
-
-
28 201
Employee
18 351
-
50 954
-
income
1 083
-
9 332
-
pensions
2 075
-
3 273
-
social contributions
523
-
1 452
-
surtax
-
-
-
-
total
3 681
-
14 057
-
Employer
18 351
-
50 954
-
pensions
3 015
-
5 560
-
other
633
-
1 873
-
health
1 285
-
4 396
-
unemployment
743
-
2 063
-
social contributions
55
-
153
-
total
5 731
-
14 045
-
Corporate
40 918
65 000
-
-
surtax
-
-
-
-
income
11 457
18 200
-
-
total
11 457
18 200
-
-
Dividends
29 461
46 800
-
-
surtax
-
-
-
-
social contributions
5 068
8 050
-
-
withholding
3 771
5 990
-
-
total
8 839
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 708
32 240
28 102
28 201
After tax
35 292
32 760
36 898
36 799
Living cost
14 670
14 670
14 670
14 670
Free-cash
20 622
18 090
22 228
22 129

Estimated living cost  is ₴14670 per week

₴9250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
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.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23583
₴23682
₴21926
₴19544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 420
income
-
-
-
9 320
surtax
-
-
-
-
pensions
-
-
-
12 594
total
-
-
-
28 201
Employee
16 381
-
50 954
-
income
845
-
9 332
-
pensions
1 853
-
3 273
-
social contributions
467
-
1 452
-
surtax
-
-
-
-
total
3 165
-
14 057
-
Employer
16 381
-
50 954
-
pensions
2 692
-
5 560
-
other
566
-
1 873
-
health
1 146
-
4 396
-
unemployment
663
-
2 063
-
social contributions
49
-
153
-
total
5 116
-
14 045
-
Corporate
43 504
65 000
-
-
surtax
-
-
-
-
income
12 181
18 200
-
-
total
12 181
18 200
-
-
Dividends
31 323
46 800
-
-
surtax
-
-
-
-
social contributions
5 387
8 050
-
-
withholding
4 009
5 990
-
-
total
9 396
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 858
32 240
28 102
28 201
After tax
35 142
32 760
36 898
36 799
Living cost
13 216
13 216
13 216
13 216
Free-cash
21 926
19 544
23 682
23 583

Estimated living cost  is ₴13216 per week

₴7665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32651
₴31620
₴30787
₴30564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 538
-
65 000
-
income
2 425
-
10 781
-
social contributions
2 007
-
8 970
-
health
1 015
-
4 537
-
total
5 447
-
24 288
-
Employer
14 538
-
65 000
-
total
-
-
-
-
Corporate
50 462
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%.

2 523
3 250
-
-
total
2 523
3 250
-
-
Dividends
47 939
61 750
-
-
social contributions
6 615
8 522
-
-
health
3 346
4 310
-
-
withholding
7 190
9 262
-
-
total
17 151
22 094
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 121
25 344
24 288
23 257
After tax
39 879
39 656
40 712
41 743
Living cost
9 092
9 092
9 092
9 092
Free-cash
30 787
30 564
31 620
32 651

Estimated living cost  is ₴9092 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18223
₴1820
₴20295
₴20956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
260
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
15 595
surtax
-
-
-
85
pensions
-
-
-
9 267
total
-
-
-
31 669
Employee
21 428
17 087
50 472
-
income
2 439
1 260
12 262
-
pensions
2 194
1 749
5 129
-
unemployment
643
513
1 503
-
health
829
662
1 938
-
other
214
171
501
-
total
6 319
4 355
21 333
-
Employer
21 428
17 087
50 472
-
pensions
2 689
2 145
6 286
-
other
1 018
811
2 394
-
accident
278
222
651
-
health
810
646
1 893
-
payroll
643
513
1 514
-
chamber of commerce
85
68
202
-
unemployment
643
513
1 503
-
surtax
85
85
85
-
total
6 251
5 003
14 528
-
Corporate
37 321
42 910
48 844
-
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.

9 330
10 728
12 211
-
total
9 330
10 728
12 211
-
Dividends
27 991
32 183
-
-
withholding
7 697
8 850
-
-
total
7 697
8 850
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 597
28 936
48 072
31 669
After tax
35 403
36 064
16 928
33 331
Living cost
15 108
15 108
15 108
15 108
Free-cash
20 295
20 956
1 820
18 223

Estimated living cost  is ₴15108 per week

₴10077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12718
₴7838
₴14307
₴20740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 145
communal

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

-
-
-
3 291
national
-
-
-
23 212
total
-
-
-
36 648
Employee

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

30 671
-
50 345
-
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.

2 300
-
3 775
-
national
9 429
-
17 667
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

267
-
438
-
communal

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

1 600
-
2 626
-
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.

1 441
-
2 366
-
total
15 037
-
26 872
-
Employer

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

30 671
-
50 345
-
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.

2 718
-
4 461
-
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.

399
-
655
-
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.

1 886
-
3 096
-
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.

448
-
735
-
surtax
3 478
-
5 709
-
total
8 929
-
14 656
-
Corporate
25 402
65 000
-
-
surtax
102
260
-
-
income
5 081
13 000
-
-
total
5 183
13 260
-
-
Dividends
20 219
51 739
-
-
withholding

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

5 910
15 366
-
-
total
5 910
15 366
-
-
Income
65 000
65 000
65 000
65 000
Total tax
35 059
28 626
41 528
36 648
After tax
29 941
36 374
23 472
28 352
Living cost
15 634
15 634
15 634
15 634
Free-cash
14 307
20 740
7 838
12 718

Estimated living cost  is ₴15634 per week

₴10070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21110
₴19311
₴24845
₴27969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
16 482
pensions
-
-
-
11 247
total
-
-
-
28 405
Employee
21 343
-
52 330
-
income
4 503
-
15 010
-
pensions
1 003
-
1 868
-
unemployment
331
-
616
-
other
21
-
40
-
total
5 858
-
17 534
-
Employer
21 343
-
52 330
-
pensions
5 037
-
9 379
-
other
170
-
318
-
accident
422
-
787
-
unemployment
1 174
-
2 186
-
total
6 803
-
12 670
-
Corporate
36 853
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.

5 528
9 750
-
-
total
5 528
9 750
-
-
Dividends
31 325
55 250
-
-
withholding
6 481
11 796
-
-
total
6 481
11 796
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 670
21 546
30 204
28 405
After tax
40 330
43 454
34 796
36 595
Living cost
15 485
15 485
15 485
15 485
Free-cash
24 845
27 969
19 311
21 110

Estimated living cost  is ₴15485 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10015
₴12607
₴10372
₴15315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
65 000
accident
-
-
-
548
health
-
-
-
4 567
income
-
-
-
9 496
communal
-
-
-
4 108
surtax
-
-
-
3 222
pensions
-
-
-
9 743
total
-
-
-
31 684
Employee
32 471
-
58 062
-
income
3 136
-
11 368
-
pensions
2 597
-
4 645
-
health
1 445
-
2 583
-
surtax
1 990
-
3 558
-
total
9 168
-
22 154
-
Employer
32 471
-
58 062
-
pensions
2 597
-
4 645
-
accident
292
-
522
-
health
990
-
1 771
-
total
3 879
-
6 938
-
Corporate
28 650
65 000
-
-
communal
1 934
4 387
-
-
surtax
301
683
-
-
income
4 297
9 750
-
-
total
6 532
14 820
-
-
Dividends
22 117
50 180
-
-
withholding
3 317
7 527
-
-
income
8 431
4 037
-
-
total
11 748
11 564
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 327
26 384
29 092
31 684
After tax
33 673
38 616
35 908
33 316
Living cost
23 301
23 301
23 301
23 301
Free-cash
10 372
15 315
12 607
10 015

Estimated living cost  is ₴23301 per week

₴17479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21214
₴19132
₴29890
₴31254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
16 206
surtax
-
-
-
2 343
pensions
-
-
-
11 445
total
-
-
-
34 155
Employee
14 440
-
53 696
-
income
2 421
-
14 232
-
pensions
963
-
3 582
-
unemployment
1 005
-
3 737
-
health
369
-
1 369
-
other
-
-
-
-
surtax
51
-
2 014
-
total
4 809
-
24 934
-
Employer
14 440
-
53 696
-
pensions
1 925
-
7 158
-
other
-
-
-
-
health
657
-
2 443
-
unemployment
458
-
1 702
-
total
3 040
-
11 303
-
Corporate
47 520
65 000
-
-
income
12 355
16 900
-
-
total
12 355
16 900
-
-
Dividends
35 166
48 100
-
-
withholding
5 275
7 215
-
-
total
5 275
7 215
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 479
24 115
36 237
34 155
After tax
39 521
40 885
28 763
30 845
Living cost
9 631
9 631
9 631
9 631
Free-cash
29 890
31 254
19 132
21 214

Estimated living cost  is ₴9631 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴19907
₴16936
₴21664
₴22616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
386
national
-
-
-
15 459
regional
-
-
-
980
total
-
-
-
33 543
Employee
23 785
-
65 000
-
national
3 768
-
13 377
-
social contributions
8 020
-
21 918
-
municipal
126
-
345
-
regional
320
-
874
-
total
12 234
-
36 514
-
Employer
23 785
-
65 000
-
total
-
-
-
-
Corporate
41 215
65 000
-
-
nationa
9 892
15 600
-
-
municipal
2 048
3 230
-
-
total
11 940
18 830
-
-
Dividends
29 275
46 170
-
-
withholding
7 612
12 004
-
-
total
7 612
12 004
-
-
Income
65 000
65 000
65 000
65 000
Total tax
31 786
30 834
36 514
33 543
After tax
33 214
34 166
28 486
31 457
Living cost
11 550
11 550
11 550
11 550
Free-cash
21 664
22 616
16 936
19 907

Estimated living cost  is ₴11550 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22505
₴20294
₴27535
₴32063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
8 775
income
-
-
-
6 211
solidarity contribution
-
-
-
-
total
-
-
-
29 805
Employee
18 662
-
48 507
-
income
2 239
-
5 821
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 153
-
health
2 519
-
6 549
-
total
5 971
-
15 523
-
Employer
18 662
-
48 507
-
health
1 680
-
4 366
-
social contributions
4 666
-
12 127
-
total
6 346
-
16 493
-
Corporate
39 993
65 000
-
-
income
7 599
12 350
-
-
total
7 599
12 350
-
-
Dividends
32 394
52 650
-
-
withholding
4 859
7 897
-
-
total
4 859
7 897
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 775
20 247
32 016
29 805
After tax
40 225
44 753
32 984
35 195
Living cost
12 690
12 690
12 690
12 690
Free-cash
27 535
32 063
20 294
22 505

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
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.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19737
₴3276
₴22221
₴22432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
260
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
15 595
surtax
-
-
-
-
pensions
-
-
-
9 267
total
-
-
-
31 584
Employee
18 743
17 087
50 550
-
income
1 670
1 260
12 295
-
pensions
1 919
1 749
5 129
-
unemployment
562
513
1 503
-
health
725
662
1 938
-
other
187
171
501
-
total
5 063
4 355
21 366
-
Employer
18 743
17 087
50 550
-
pensions
2 352
2 145
6 286
-
other
890
811
2 397
-
accident
243
222
651
-
health
709
646
1 893
-
payroll
562
513
1 517
-
chamber of commerce
75
68
202
-
unemployment
562
513
1 503
-
surtax
-
-
-
-
total
5 393
4 918
14 449
-
Corporate
40 863
42 995
48 923
-
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.

10 216
10 749
12 230
-
total
10 216
10 749
12 230
-
Dividends
30 647
32 246
-
-
withholding
8 428
8 867
-
-
total
8 428
8 867
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 100
28 889
48 045
31 584
After tax
35 900
36 111
16 955
33 416
Living cost
13 679
13 679
13 679
13 679
Free-cash
22 221
22 432
3 276
19 737

Estimated living cost  is ₴13679 per week

₴8206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58328
₴45978
₴54598
₴55728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
65 000
microenterprise

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

-
-
-
650
total
-
-
-
650
Employee
7 528
-
65 000
-
income
1 506
-
13 000
-
total
1 506
-
13 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

57 472
65 000
-
-
total
-
-
-
-
Dividends
57 472
65 000
-
-
withholding
2 874
3 250
-
-
total
2 874
3 250
-
-
Income
65 000
65 000
65 000
65 000
Total tax
4 380
3 250
13 000
650
After tax
60 620
61 750
52 000
64 350
Living cost
6 022
6 022
6 022
6 022
Free-cash
54 598
55 728
45 978
58 328

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20779
₴19059
₴29665
₴33251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
98
health
-
-
-
6 396
income
-
-
-
14 355
pensions
-
-
-
11 871
total
-
-
-
32 720
Employee

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

18 961
-
56 244
-
income
3 270
-
13 255
-
pensions
2 939
-
8 718
-
unemployment
27
-
79
-
health
1 225
-
3 633
-
total
7 461
-
25 685
-
Employer

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

18 961
-
56 244
-
pensions
1 678
-
4 977
-
health
1 263
-
3 745
-
unemployment
11
-
33
-
total
2 952
-
8 755
-
Corporate
43 087
65 000
-
-
income
8 186
12 350
-
-
total
8 186
12 350
-
-
Dividends
34 901
52 650
-
-
withholding
5 235
7 898
-
-
total
5 235
7 898
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 834
20 248
34 440
32 720
After tax
41 166
44 752
30 560
32 280
Living cost
11 501
11 501
11 501
11 501
Free-cash
29 665
33 251
19 059
20 779

Estimated living cost  is ₴11501 per week

₴7893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26458
₴40909
₴732
₴21084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 473
-
-
-
income
5 839
-
-
-
social contributions
2 171
-
309
-
total
8 010
-
309
-
Employer
26 473
-
-
-
social contributions
37 326
-
5 320
-
total
37 326
-
5 320
-
Corporate
1 201
65 000
-
-
income
264
14 300
-
-
total
264
14 300
-
-
Dividends
937
50 700
-
-
income
206
11 154
-
-
total
206
11 154
-
-
Income
65 000
65 000
65 000
65 000
Total tax
45 806
25 454
5 629
20 080
After tax
19 194
39 546
59 371
44 920
Living cost
18 462
18 462
18 462
18 462
Free-cash
732
21 084
40 909
26 458

Estimated living cost  is ₴18462 per week

₴11979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21730
₴17109
₴23091
₴23523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 233
surtax
-
-
-
-
total
-
-
-
29 821
Employee
19 720
-
52 525
-
income
4 102
-
16 189
-
social contributions
2 169
-
5 778
-
surtax
-
-
-
-
total
6 271
-
21 967
-
Employer
19 720
-
52 525
-
social contributions
4 684
-
12 475
-
total
4 684
-
12 475
-
Corporate
40 596
65 000
-
-
surtax
-
-
-
-
income
8 525
13 650
-
-
total
8 525
13 650
-
-
Dividends
32 071
51 350
-
-
withholding
8 980
14 378
-
-
total
8 980
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 460
28 028
34 442
29 821
After tax
36 540
36 972
30 558
35 179
Living cost
13 449
13 449
13 449
13 449
Free-cash
23 091
23 523
17 109
21 730

Estimated living cost  is ₴13449 per week

₴10063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16090
₴16189
₴14997
₴12051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 420
income
-
-
-
9 320
surtax
-
-
-
-
pensions
-
-
-
12 594
total
-
-
-
28 201
Employee
26 855
-
50 954
-
income
2 343
-
9 332
-
pensions
3 037
-
3 273
-
social contributions
765
-
1 452
-
surtax
-
-
-
-
total
6 145
-
14 057
-
Employer
26 855
-
50 954
-
pensions
4 413
-
5 560
-
other
927
-
1 873
-
health
1 880
-
4 396
-
unemployment
1 088
-
2 063
-
social contributions
81
-
153
-
total
8 389
-
14 045
-
Corporate
29 758
65 000
-
-
surtax
-
-
-
-
income
8 332
18 200
-
-
total
8 332
18 200
-
-
Dividends
21 426
46 800
-
-
surtax
-
-
-
-
social contributions
3 686
8 050
-
-
withholding
2 742
5 990
-
-
total
6 428
14 040
-
-
Income
65 000
65 000
65 000
65 000
Total tax
29 294
32 240
28 102
28 201
After tax
35 706
32 760
36 898
36 799
Living cost
20 709
20 709
20 709
20 709
Free-cash
14 997
12 051
16 189
16 090

Estimated living cost  is ₴20709 per week

₴14016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35345
₴37072
₴44170
₴45611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 300
income
-
-
-
2 466
total
-
-
-
16 766
Employee
13 785
-
56 277
-
social contributions
896
-
3 658
-
income
-
-
2 658
-
total
896
-
6 316
-
Employer
13 785
-
56 277
-
social contributions
2 137
-
8 723
-
total
2 137
-
8 723
-
Corporate
49 079
65 000
-
-
income
4 908
6 500
-
-
total
4 908
6 500
-
-
Dividends
44 171
58 500
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
7 941
6 500
15 039
16 766
After tax
57 059
58 500
49 961
48 234
Living cost
12 889
12 889
12 889
12 889
Free-cash
44 170
45 611
37 072
35 345

Estimated living cost  is ₴12889 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18287
-₴28462
-₴28462
-₴28462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 226
national
-
-
-
7 286
labour market
-
-
-
5 170
pensions
-
-
-
372
total
-
-
-
26 054
Employee
87 196
87 196
87 196
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 653
10 653
10 653
-
municipal
18 568
18 568
18 568
-
total
36 311
36 311
36 311
-
Employer
87 196
87 196
87 196
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
65 000
65 000
65 000
65 000
Total tax
72 803
72 803
72 803
26 054
After tax
-7 803
-7 803
-7 803
38 946
Living cost
20 659
20 659
20 659
20 659
Free-cash
-28 462
-28 462
-28 462
18 287

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35212
₴25688
₴3845
-₴3995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
17 553
pensions
-
-
-
1 777
total
-
-
-
20 528
Employee
14 566
-
57 908
-
income
1 998
-
13 071
-
pensions
1 640
-
3 259
-
health
1 668
-
6 630
-
total
5 306
-
22 960
-
Employer
14 566
-
57 908
-
pensions
2 368
-
4 706
-
accident
243
-
967
-
unemployment
357
-
1 419
-
total
2 968
-
7 092
-
Corporate
47 465
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.

42 719
58 500
-
-
total
42 719
58 500
-
-
Dividends
4 746
6 500
-
-
withholding
902
1 235
-
-
total
902
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
51 895
59 735
30 052
20 528
After tax
13 105
5 265
34 948
44 472
Living cost
9 260
9 260
9 260
9 260
Free-cash
3 845
-3 995
25 688
35 212

Estimated living cost  is ₴9260 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26992
₴18304
₴25749
₴24923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
11 552
health
-
-
-
822
national
-
-
-
9 172
total
-
-
-
21 546
Employee
22 559
-
54 682
-
pensions
1 522
-
3 691
-
national
373
-
5 829
-
municipal
3 695
-
8 911
-
unemployment
338
-
820
-
health
168
-
663
-
total
6 096
-
19 914
-
Employer
22 559
-
54 682
-
pensions
3 914
-
9 488
-
accident
23
-
55
-
health
173
-
421
-
unemployment
146
-
356
-
total
4 256
-
10 320
-
Corporate
38 185
65 000
-
-
income
7 637
13 000
-
-
total
7 637
13 000
-
-
Dividends

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

22 911
39 000
-
-
municipal
4 124
7 020
-
-
national
676
3 595
-
-
total
4 800
10 615
-
-
Income
65 000
65 000
65 000
65 000
Total tax
22 789
23 615
30 234
21 546
After tax
42 211
41 385
34 766
43 454
Living cost
16 462
16 462
16 462
16 462
Free-cash
25 749
24 923
18 304
26 992

Estimated living cost  is ₴16462 per week

₴10753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35029
₴34426
₴35192
₴37526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 657
income
-
-
-
11 450
total
-
-
-
20 044
Employee
32 971
32 971
60 195
-
income
3 590
3 052
11 127
-
social contributions
1 247
2 736
3 691
-
health
255
561
1 024
-
total
5 092
6 349
15 842
-
Employer
32 971
32 971
60 195
-
health
277
610
1 114
-
social contributions
1 247
2 736
3 691
-
total
1 524
3 346
4 805
-
Corporate
48 457
28 683
-
-
income
6 057
3 585
-
-
total
6 057
3 585
-
-
Dividends
42 400
25 098
-
-
withholding
7 208
4 267
-
-
total
7 208
4 267
-
-
Income
65 000
65 000
65 000
65 000
Total tax
19 881
17 547
20 647
20 044
After tax
45 119
47 453
44 353
44 956
Living cost
9 927
9 927
9 927
9 927
Free-cash
35 192
37 526
34 426
35 029

Estimated living cost  is ₴9927 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47374
₴38775
₴44837
₴47019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
6 527
pensions
-
-
-
2 727
total
-
-
-
10 818
Employee

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

9 842
-
60 810
-
income
673
-
5 463
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
836
-
3 458
-
total
3 034
-
15 227
-
Employer

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

9 842
-
60 810
-
pensions
541
-
2 238
-
health
423
-
1 749
-
unemployment
49
-
203
-
total
1 013
-
4 190
-
Corporate
54 145
65 000
-
-
income
4 873
5 850
-
-
total
4 873
5 850
-
-
Dividends
49 272
59 150
-
-
withholding
4 435
5 323
-
-
total
4 435
5 323
-
-
Income
65 000
65 000
65 000
65 000
Total tax
13 355
11 173
19 417
10 818
After tax
51 645
53 827
45 583
54 182
Living cost
6 808
6 808
6 808
6 808
Free-cash
44 837
47 019
38 775
47 374

Estimated living cost  is ₴6808 per week

₴4343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24804
₴23005
₴29706
₴31663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
16 482
pensions
-
-
-
11 247
total
-
-
-
28 405
Employee
15 854
-
52 330
-
income
3 057
-
15 010
-
pensions
745
-
1 868
-
unemployment
246
-
616
-
other
15
-
40
-
total
4 063
-
17 534
-
Employer
15 854
-
52 330
-
pensions
3 741
-
9 379
-
other
127
-
318
-
accident
314
-
787
-
unemployment
872
-
2 186
-
total
5 054
-
12 670
-
Corporate
44 091
65 000
-
-
income

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

6 614
9 750
-
-
total
6 614
9 750
-
-
Dividends
37 477
55 250
-
-
withholding
7 772
11 796
-
-
total
7 772
11 796
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 503
21 546
30 204
28 405
After tax
41 497
43 454
34 796
36 595
Living cost
11 791
11 791
11 791
11 791
Free-cash
29 706
31 663
23 005
24 804

Estimated living cost  is ₴11791 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40386
₴40303
₴39193
₴39386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
621
income
-
-
-
21 962
pensions
-
-
-
857
total
-
-
-
23 440
Employee
1 789
-
64 036
-
income
346
-
21 917
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
22 559
-
Employer
1 789
-
64 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
62 809
65 000
-
-
income
13 818
14 300
-
-
total
13 818
14 300
-
-
Dividends
48 991
50 700
-
-
withholding
9 798
10 140
-
-
total
9 798
10 140
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 633
24 440
23 523
23 440
After tax
40 367
40 560
41 477
41 560
Living cost
1 174
1 174
1 174
1 174
Free-cash
39 193
39 386
40 303
40 386

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31146
₴31145
₴37436
₴39547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
475
health
-
-
-
3 264
income
-
-
-
14 459
pensions
-
-
-
8 240
total
-
-
-
26 438
Employee

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

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

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

11 183
-
59 327
-
income
1 542
-
14 459
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
20 766
-
Employer

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

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

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

11 183
-
59 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
51 815
65 000
-
-
income
7 772
9 750
-
-
total
7 772
9 750
-
-
Dividends
44 043
55 250
-
-
withholding
6 606
8 287
-
-
total
6 606
8 287
-
-
Income
65 000
65 000
65 000
65 000
Total tax
20 148
18 037
26 439
26 438
After tax
44 852
46 963
38 561
38 562
Living cost
7 416
7 416
7 416
7 416
Free-cash
37 436
39 547
31 145
31 146

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23620
₴18999
₴25257
₴25413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 233
surtax
-
-
-
-
total
-
-
-
29 821
Employee
16 642
-
52 525
-
income
3 252
-
16 189
-
social contributions
1 831
-
5 778
-
surtax
-
-
-
-
total
5 083
-
21 967
-
Employer
16 642
-
52 525
-
social contributions
3 952
-
12 475
-
total
3 952
-
12 475
-
Corporate
44 406
65 000
-
-
surtax
-
-
-
-
income
9 326
13 650
-
-
total
9 326
13 650
-
-
Dividends
35 081
51 350
-
-
withholding
9 823
14 378
-
-
total
9 823
14 378
-
-
Income
65 000
65 000
65 000
65 000
Total tax
28 184
28 028
34 442
29 821
After tax
36 816
36 972
30 558
35 179
Living cost
11 559
11 559
11 559
11 559
Free-cash
25 257
25 413
18 999
23 620

Estimated living cost  is ₴11559 per week

₴8187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21526
₴19727
₴25407
₴28385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
16 482
pensions
-
-
-
11 247
total
-
-
-
28 405
Employee
20 708
-
52 330
-
income
4 325
-
15 010
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 639
-
17 534
-
Employer
20 708
-
52 330
-
pensions
4 887
-
9 379
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 670
-
Corporate
37 690
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.

5 653
9 750
-
-
total
5 653
9 750
-
-
Dividends
32 037
55 250
-
-
withholding
6 630
11 796
-
-
total
6 630
11 796
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 524
21 546
30 204
28 405
After tax
40 476
43 454
34 796
36 595
Living cost
15 069
15 069
15 069
15 069
Free-cash
25 407
28 385
19 727
21 526

Estimated living cost  is ₴15069 per week

₴10822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43872
₴46307
₴45584
₴48197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 723
income
-
-
-
9 750
pensions

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

-
-
-
2 217
total
-
-
-
13 750
Employee
9 769
-
62 061
-
income
977
-
6 206
-
pensions

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

858
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 391
-
8 375
-
Employer
9 769
-
62 061
-
pensions

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

1 077
-
1 651
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 034
-
unemployment
59
-
90
-
total
1 917
-
2 940
-
Corporate
53 314
65 000
-
-
income
5 331
6 500
-
-
total
5 331
6 500
-
-
Dividends
47 983
58 500
-
-
withholding
2 399
2 925
-
-
total
2 399
2 925
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 038
9 425
11 315
13 750
After tax
52 962
55 575
53 685
51 250
Living cost
7 378
7 378
7 378
7 378
Free-cash
45 584
48 197
46 307
43 872

Estimated living cost  is ₴7378 per week

₴4879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19084
₴25551
₴22526
₴16917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 467
health

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

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

-
-
-
2 929
income

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

-
-
-
18 925
surtax

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

-
-
-
1 041
total
-
-
-
29 362
Employee

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

21 334
-
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.

97
-
1 041
-
income

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

1 754
-
18 925
-
health

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

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

2 929
-
2 929
-
total
4 780
-
22 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 666
65 000
-
-
trade
6 266
9 327
-
-
surtax

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

360
536
-
-
income
6 550
9 750
-
-
chamber of commerce
129
160
-
-
total
13 305
19 773
-
-
Dividends
30 360
45 226
-
-
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.

408
613
-
-
withholding
7 427
11 143
-
-
total
7 835
11 756
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 920
31 529
22 895
29 362
After tax
39 080
33 471
42 105
35 638
Living cost
16 554
16 554
16 554
16 554
Free-cash
22 526
16 917
25 551
19 084

Estimated living cost  is ₴16554 per week

₴11419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11061
₴11061
₴22022
₴21075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 601
income
-
-
-
18 913
total
-
-
-
29 514
Employee
33 540
-
65 000
-
social contributions
2 786
-
10 601
-
income
6 329
-
18 913
-
total
9 115
-
29 514
-
Employer
33 540
-
65 000
-
total
-
-
-
-
Corporate
31 460
65 000
-
-
income
3 933
8 125
-
-
total
3 933
8 125
-
-
Dividends
27 528
56 875
-
-
withholding
5 505
11 375
-
-
total
5 505
11 375
-
-
Income
65 000
65 000
65 000
65 000
Total tax
18 553
19 500
29 514
29 514
After tax
46 447
45 500
35 486
35 486
Living cost
24 425
24 425
24 425
24 425
Free-cash
22 022
21 075
11 061
11 061

Estimated living cost  is ₴24425 per week

₴18582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34367
₴31294
₴25918
₴24420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
2 863
income
-
-
-
12 205
total
-
-
-
15 068
Employee
19 670
-
63 028
-
social contributions
1 971
-
1 972
-
income
2 134
-
14 197
-
total
4 105
-
16 169
-
Employer
19 670
-
63 028
-
social contributions
1 971
-
1 972
-
total
1 971
-
1 972
-
Corporate
43 360
65 000
-
-
income
15 176
22 750
-
-
total
15 176
22 750
-
-
Dividends
28 184
42 250
-
-
social contributions
2 265
2 265
-
-
total
2 265
2 265
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 517
25 015
18 141
15 068
After tax
41 483
39 985
46 859
49 932
Living cost
15 565
15 565
15 565
15 565
Free-cash
25 918
24 420
31 294
34 367

Estimated living cost  is ₴15565 per week

₴10252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27906
₴21962
₴30245
₴27710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 411
pensions
-
-
-
3 661
total
-
-
-
21 072
Employee
21 993
-
56 883
-
income
4 005
-
13 448
-
pensions
1 679
-
4 584
-
health
287
-
867
-
total
5 971
-
18 899
-
Employer
21 993
-
56 883
-
pensions
2 222
-
7 036
-
health
418
-
1 081
-
total
2 640
-
8 117
-
Corporate
40 367
65 000
-
-
income

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

7 670
12 350
-
-
total
7 670
12 350
-
-
Dividends
32 697
52 650
-
-
withholding
2 452
8 918
-
-
total
2 452
8 918
-
-
Income
65 000
65 000
65 000
65 000
Total tax
18 733
21 268
27 016
21 072
After tax
46 267
43 732
37 984
43 928
Living cost
16 022
16 022
16 022
16 022
Free-cash
30 245
27 710
21 962
27 906

Estimated living cost  is ₴16022 per week

₴10991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34296
₴24772
₴3704
-₴4911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
17 553
pensions
-
-
-
1 777
total
-
-
-
20 528
Employee
16 008
-
57 908
-
income
2 196
-
13 071
-
pensions
1 803
-
3 259
-
health
1 833
-
6 630
-
total
5 832
-
22 960
-
Employer
16 008
-
57 908
-
pensions
2 603
-
4 706
-
accident
267
-
967
-
unemployment
392
-
1 419
-
total
3 262
-
7 092
-
Corporate
45 730
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.

41 157
58 500
-
-
total
41 157
58 500
-
-
Dividends
4 573
6 500
-
-
withholding
869
1 235
-
-
total
869
1 235
-
-
Income
65 000
65 000
65 000
65 000
Total tax
51 120
59 735
30 052
20 528
After tax
13 880
5 265
34 948
44 472
Living cost
10 176
10 176
10 176
10 176
Free-cash
3 704
-4 911
24 772
34 296

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30777
₴39227
₴46902
₴48908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
325
unemployment
-
-
-
780
income
-
-
-
10 558
health insurance
-
-
-
4 810
pensions
-
-
-
11 960
total
-
-
-
28 433
Employee

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

9 264
-
65 000
-
income
926
-
10 558
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
19 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 736
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%.

557
650
-
-
total
557
650
-
-
Dividends
55 179
64 350
-
-
withholding
8 277
9 652
-
-
total
8 277
9 652
-
-
Income
65 000
65 000
65 000
65 000
Total tax
12 308
10 302
19 983
28 433
After tax
52 692
54 698
45 017
36 567
Living cost
5 790
5 790
5 790
5 790
Free-cash
46 902
48 908
39 227
30 777

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13830
₴10939
₴15207
₴17157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
435
national
-
-
-
15 459
regional
-
-
-
1 477
total
-
-
-
34 089
Employee
36 131
-
65 000
-
national
6 106
-
13 377
-
social contributions
12 183
-
21 918
-
municipal
216
-
388
-
regional
545
-
1 297
-
total
19 050
-
36 980
-
Employer
36 131
-
65 000
-
total
-
-
-
-
Corporate
28 869
65 000
-
-
nationa
6 928
15 600
-
-
municipal
1 391
3 133
-
-
total
8 319
18 733
-
-
Dividends
20 549
46 267
-
-
withholding
5 343
12 029
-
-
total
5 343
12 029
-
-
Income
65 000
65 000
65 000
65 000
Total tax
32 712
30 762
36 980
34 089
After tax
32 288
34 238
28 020
30 911
Living cost
17 081
17 081
17 081
17 081
Free-cash
15 207
17 157
10 939
13 830

Estimated living cost  is ₴17081 per week

₴11999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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