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
₴ 68000
per

Your estimated
City
free-cash

Dresden , Germany
₴19528
₴29801
₴22669
₴24932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income

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

-
-
-
19 017
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.

-
-
-
1 046
health

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

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

-
-
-
3 338
trade
-
-
-
7 132
total
-
-
-
30 533
Employee

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

18 686
-
68 000
-
surtax

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

29
-
1 046
-
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.

522
-
19 017
-
health

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

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

3 338
-
3 338
-
total
3 889
-
23 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 314
68 000
-
-
income
7 397
10 200
-
-
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.

407
561
-
-
chamber of commerce
145
172
-
-
trade
7 767
10 710
-
-
total
15 716
21 643
-
-
Dividends
33 597
46 357
-
-
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.

452
627
-
-
withholding
8 213
11 404
-
-
total
8 665
12 031
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 270
33 674
23 401
30 533
After tax
39 730
34 326
44 599
37 467
Living cost
14 798
14 798
14 798
14 798
Free-cash
24 932
19 528
29 801
22 669

Estimated living cost  is ₴14798 per week

₴9308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16271
₴14903
₴14369
₴15836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
731
municipal
-
-
-
7 287
national
-
-
-
11 292
pensions
-
-
-
8 160
total
-
-
-
27 470
Employee
40 555
-
58 785
-
municipal
5 009
-
7 550
-
pensions
1 622
-
2 351
-
national
7 762
-
11 700
-
total
14 393
-
21 601
-
Employer
40 555
-
58 785
-
pensions
3 244
-
4 703
-
social contributions
436
-
632
-
total
3 680
-
5 335
-
Corporate
21 088
68 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

4 218
13 600
-
-
total
4 218
13 600
-
-
Dividends
16 870
54 400
-
-
withholding
3 712
11 968
-
-
total
3 712
11 968
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 003
25 568
26 936
27 470
After tax
41 997
42 432
41 064
40 530
Living cost
26 161
26 161
26 161
26 161
Free-cash
15 836
16 271
14 903
14 369

Estimated living cost  is ₴26161 per week

₴17782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44236
₴27946
₴11000
₴40228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
10 778
surtax
-
-
-
17 340
social contributions

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

-
-
-
18 718
microenterprise
-
-
-
-
total
-
-
-
46 836
Employee
14 276
-
54 799
-
surtax
-
-
-
-
social contributions

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

1 571
-
6 028
-
income
2 541
-
10 661
-
total
4 112
-
16 689
-
Employer
14 276
-
54 799
-
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.

3 439
-
13 201
-
surtax
-
-
-
-
total
3 439
-
13 201
-
Corporate
50 286
68 000
-
-
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%.

10 057
13 600
-
-
total
10 057
13 600
-
-
Dividends

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

40 228
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
17 608
13 600
29 890
46 836
After tax
50 392
54 400
38 110
21 164
Living cost
10 164
10 164
10 164
10 164
Free-cash
40 228
44 236
27 946
11 000

Estimated living cost  is ₴10164 per week

₴6484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12931
₴19878
₴18332
₴9936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 454
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
29 202
Employee
41 720
41 720
58 921
-
pensions
7 510
5 724
5 724
-
income

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

6 829
6 829
6 829
-
health
6 404
5 447
6 024
-
total
20 743
18 000
18 577
-
Employer
41 720
41 720
58 921
-
health
2 900
2 900
3 604
-
pensions
2 904
2 904
3 609
-
unemployment
1 502
1 502
1 866
-
total
7 306
7 306
9 079
-
Corporate
19 486
18 974
-
-
income
3 898
3 795
-
-
total
3 898
3 795
-
-
Dividends
15 588
15 180
-
-
income
3 313
3 225
-
-
withholding
2 338
2 277
-
-
total
5 651
5 502
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 598
34 603
27 656
29 202
After tax
30 402
33 397
40 344
38 798
Living cost
20 466
20 466
20 466
20 466
Free-cash
9 936
12 931
19 878
18 332

Estimated living cost  is ₴20466 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17147
₴15505
₴16044
₴16698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
88
other
-
-
-
5 089
unemployment
-
-
-
44
health
-
-
-
2 732
municipal
-
-
-
16 495
national
-
-
-
2 793
pensions
-
-
-
4 734
total
-
-
-
31 975
Employee
28 471
-
54 241
-
municipal
8 490
-
16 175
-
national
-
-
2 579
-
total
8 490
-
18 754
-
Employer
28 471
-
54 241
-
health
1 751
-
2 693
-
pensions
3 078
-
4 734
-
accident
57
-
88
-
unemployment
752
-
1 156
-
other
3 308
-
5 089
-
total
8 946
-
13 760
-
Corporate
30 584
68 000
-
-
income
6 728
14 960
-
-
total
6 728
14 960
-
-
Dividends
23 855
53 040
-
-
withholding
7 157
15 912
-
-
total
7 157
15 912
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 321
30 872
32 514
31 975
After tax
36 679
37 128
35 486
36 025
Living cost
19 981
19 981
19 981
19 981
Free-cash
16 698
17 147
15 505
16 044

Estimated living cost  is ₴19981 per week

₴13242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14785
₴25407
₴17958
₴21650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income

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

-
-
-
19 017
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.

-
-
-
1 046
health

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

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

-
-
-
3 338
trade
-
-
-
7 449
total
-
-
-
30 850
Employee

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

24 775
-
68 000
-
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.

117
-
1 046
-
income

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

2 129
-
19 017
-
health

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

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

3 338
-
3 338
-
total
5 584
-
23 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 225
68 000
-
-
income
6 483
10 200
-
-
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
561
-
-
chamber of commerce
135
171
-
-
trade
7 110
11 186
-
-
total
14 085
22 118
-
-
Dividends
29 139
45 883
-
-
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.

390
620
-
-
withholding
7 099
11 285
-
-
total
7 489
11 905
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 158
34 023
23 401
30 850
After tax
40 842
33 977
44 599
37 150
Living cost
19 192
19 192
19 192
19 192
Free-cash
21 650
14 785
25 407
17 958

Estimated living cost  is ₴19192 per week

₴12836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
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.
₴4046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33819
₴30890
₴31536
₴31794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 979
social contributions
-
-
-
7 905
health
-
-
-
1 734
total
-
-
-
20 618
Employee
37 567
37 567
62 636
-
social contributions
1 825
3 118
4 205
-
income
3 945
3 478
10 630
-
health
374
639
1 065
-
total
6 144
7 235
15 900
-
Employer
37 567
37 567
62 636
-
health
407
695
1 159
-
social contributions
1 825
3 118
4 205
-
total
2 232
3 813
5 364
-
Corporate
43 777
26 620
-
-
income
5 472
3 327
-
-
total
5 472
3 327
-
-
Dividends
38 306
23 292
-
-
withholding
6 512
3 960
-
-
total
6 512
3 960
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 360
18 335
21 264
20 618
After tax
47 640
49 665
46 736
47 382
Living cost
15 846
15 846
15 846
15 846
Free-cash
31 794
33 819
30 890
31 536

Estimated living cost  is ₴15846 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29316
₴30500
₴38186
₴29504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
8 313
unemployment
-
-
-
1 020
health
-
-
-
4 760
pensions
-
-
-
6 800
total
-
-
-
20 893
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.

12 878
5 125
56 904
-
unemployment
193
77
854
-
pensions
1 288
513
5 690
-
income
1 574
627
6 956
-
health
901
359
3 983
-
total
3 956
1 576
17 483
-
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.

12 878
5 125
56 904
-
pensions
2 511
999
11 096
-
total
2 511
999
11 096
-
Corporate
52 611
61 875
-
-
income
4 735
5 569
-
-
total
4 735
5 569
-
-
Dividends
47 876
56 307
-
-
social contributions
9 277
10 921
-
-
withholding
9 096
10 698
-
-
total
18 373
21 619
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 575
29 763
28 579
20 893
After tax
38 425
38 237
39 421
47 107
Living cost
8 921
8 921
8 921
8 921
Free-cash
29 504
29 316
30 500
38 186

Estimated living cost  is ₴8921 per week

₴6088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42600
₴27393
₴24648
₴39566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 112
health
-
-
-
8 840
pensions
-
-
-
13 600
total
-
-
-
31 552
Employee
13 859
-
50 822
-
unemployment
222
-
813
-
pensions
277
-
1 016
-
income
1 560
-
9 799
-
total
2 059
-
11 628
-
Employer
13 859
-
50 822
-
health
1 801
-
6 607
-
pensions
2 772
-
10 165
-
unemployment
111
-
407
-
total
4 684
-
17 179
-
Corporate
49 456
68 000
-
-
income
9 891
13 600
-
-
total
9 891
13 600
-
-
Dividends
39 565
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
16 634
13 600
28 807
31 552
After tax
51 366
54 400
39 193
36 448
Living cost
11 800
11 800
11 800
11 800
Free-cash
39 566
42 600
27 393
24 648

Estimated living cost  is ₴11800 per week

₴8094
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.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5356
₴25406
₴35689
₴3842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
18 007
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
21 447
Employee
17 090
-
60 084
-
pensions
1 924
-
3 768
-
income
2 345
-
13 167
-
health
1 957
-
6 879
-
total
6 226
-
23 814
-
Employer
17 090
-
60 084
-
pensions
2 779
-
5 441
-
accident
285
-
1 003
-
unemployment
419
-
1 472
-
total
3 483
-
7 916
-
Corporate
47 427
68 000
-
-
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.

42 684
61 200
-
-
total
42 684
61 200
-
-
Dividends
4 743
6 800
-
-
withholding
901
1 292
-
-
total
901
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 294
62 492
31 730
21 447
After tax
14 706
5 508
36 270
46 553
Living cost
10 864
10 864
10 864
10 864
Free-cash
3 842
-5 356
25 406
35 689

Estimated living cost  is ₴10864 per week

₴7963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60578
₴50378
₴63298
₴59824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
68 000
microenterprise

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

-
-
-
680
total
-
-
-
680
Employee
5 028
-
68 000
-
income
1 005
-
13 600
-
total
1 005
-
13 600
-
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%.

62 972
68 000
-
-
total
-
-
-
-
Dividends
62 972
68 000
-
-
withholding
3 149
3 400
-
-
total
3 149
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 154
3 400
13 600
680
After tax
63 846
64 600
54 400
67 320
Living cost
4 022
4 022
4 022
4 022
Free-cash
59 824
60 578
50 378
63 298

Estimated living cost  is ₴4022 per week

₴2493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36942
₴25958
₴23143
₴33644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 297
other
-
-
-
3 230
health
-
-
-
2 992
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.

-
-
-
16 320
total
-
-
-
31 839
Employee
17 739
-
54 312
-
unemployment
177
-
543
-
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.

1 241
-
3 801
-
income
3 054
-
10 234
-
health
248
-
760
-
total
4 720
-
15 338
-
Employer
17 739
-
54 312
-
health
248
-
760
-
pensions

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

3 016
-
9 232
-
accident
142
-
435
-
unemployment
177
-
543
-
other
887
-
2 716
-
total
4 470
-
13 686
-
Corporate
45 791
68 000
-
-
income
9 616
14 280
-
-
total
9 616
14 280
-
-
Dividends
36 175
53 720
-
-
withholding
2 532
3 760
-
-
total
2 532
3 760
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 338
18 040
29 024
31 839
After tax
46 662
49 960
38 976
36 161
Living cost
13 018
13 018
13 018
13 018
Free-cash
33 644
36 942
25 958
23 143

Estimated living cost  is ₴13018 per week

₴9198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13954
₴7712
₴13964
₴11849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 582
pensions
-
-
-
4 015
total
-
-
-
21 597
Employee
45 897
-
59 563
-
pensions
4 428
-
5 066
-
income
8 273
-
13 415
-
health
756
-
932
-
total
13 457
-
19 413
-
Employer
45 897
-
59 563
-
health
872
-
1 131
-
pensions
5 419
-
7 305
-
total
6 291
-
8 436
-
Corporate
15 812
68 000
-
-
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.

3 004
12 920
-
-
total
3 004
12 920
-
-
Dividends
12 808
55 080
-
-
withholding
960
8 687
-
-
total
960
8 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 712
21 607
27 849
21 597
After tax
44 288
46 393
40 151
46 403
Living cost
32 440
32 440
32 440
32 440
Free-cash
11 849
13 954
7 712
13 964

Estimated living cost  is ₴32440 per week

₴24308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51735
₴49312
₴46840
₴49465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
14 755
Employee
8 481
-
64 652
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
pensions

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

745
-
1 498
-
income
848
-
6 465
-
health
390
-
785
-
total
2 076
-
8 936
-
Employer
8 481
-
64 652
-
health
585
-
1 177
-
pensions

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

935
-
1 880
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
unemployment
51
-
102
-
total
1 664
-
3 347
-
Corporate
57 855
68 000
-
-
income
5 786
6 800
-
-
total
5 786
6 800
-
-
Dividends
52 070
61 200
-
-
withholding
2 604
3 060
-
-
total
2 604
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 130
9 860
12 283
14 755
After tax
55 870
58 140
55 717
53 245
Living cost
6 405
6 405
6 405
6 405
Free-cash
49 465
51 735
49 312
46 840

Estimated living cost  is ₴6405 per week

₴3739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6306
₴13253
₴11707
₴7534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 454
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
29 202
Employee
45 295
41 720
58 921
-
pensions
5 724
5 724
5 724
-
income

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

6 829
6 829
6 829
-
health
5 651
5 447
6 024
-
total
18 204
18 000
18 577
-
Employer
45 295
41 720
58 921
-
health
3 148
2 900
3 604
-
pensions
3 152
2 904
3 609
-
unemployment
1 631
1 502
1 866
-
total
7 931
7 306
9 079
-
Corporate
14 775
18 974
-
-
income
2 955
3 795
-
-
total
2 955
3 795
-
-
Dividends
11 820
15 180
-
-
income
2 512
3 225
-
-
withholding
1 773
2 277
-
-
total
4 285
5 502
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 375
34 603
27 656
29 202
After tax
34 625
33 397
40 344
38 798
Living cost
27 091
27 091
27 091
27 091
Free-cash
7 534
6 306
13 253
11 707

Estimated living cost  is ₴27091 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34677
₴22365
₴23007
₴30346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
6 202
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 852
Employee
17 854
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 161
-
3 299
-
income
2 142
-
6 090
-
health
2 410
-
6 851
-
total
5 713
-
16 240
-
Employer
17 854
-
50 746
-
health
1 607
-
4 567
-
social contributions
4 464
-
12 687
-
total
6 071
-
17 254
-
Corporate
44 076
68 000
-
-
income
8 374
12 920
-
-
total
8 374
12 920
-
-
Dividends
35 701
55 080
-
-
withholding
5 355
8 262
-
-
total
5 355
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 513
21 182
33 494
32 852
After tax
42 487
46 818
34 506
35 148
Living cost
12 141
12 141
12 141
12 141
Free-cash
30 346
34 677
22 365
23 007

Estimated living cost  is ₴12141 per week

₴8433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15665
₴9689
₴12926
₴13114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
783
municipal
-
-
-
404
national
-
-
-
15 782
total
-
-
-
34 459
Employee
43 419
-
68 000
-
municipal
230
-
361
-
national
7 524
-
13 715
-
regional
410
-
691
-
social contributions
14 641
-
22 929
-
total
22 805
-
37 696
-
Employer
43 419
-
68 000
-
total
-
-
-
-
Corporate
24 581
68 000
-
-
municipal
959
2 652
-
-
nationa
5 899
16 320
-
-
total
6 858
18 972
-
-
Dividends
17 723
49 028
-
-
withholding
4 608
12 748
-
-
total
4 608
12 748
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 271
31 720
37 696
34 459
After tax
33 729
36 280
30 304
33 541
Living cost
20 615
20 615
20 615
20 615
Free-cash
13 114
15 665
9 689
12 926

Estimated living cost  is ₴20615 per week

₴14370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31991
₴19999
₴21485
₴30470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 738
other
-
-
-
-
surtax
-
-
-
2 215
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
35 734
Employee
16 156
-
56 176
-
other
-
-
-
-
unemployment
1 125
-
3 910
-
pensions
1 077
-
3 746
-
surtax
53
-
1 979
-
income
2 708
-
14 329
-
health
413
-
1 432
-
total
5 376
-
25 396
-
Employer
16 156
-
56 176
-
health
735
-
2 555
-
pensions
2 154
-
7 488
-
unemployment
512
-
1 781
-
other
-
-
-
-
total
3 401
-
11 824
-
Corporate
48 443
68 000
-
-
income
12 595
17 680
-
-
total
12 595
17 680
-
-
Dividends
35 848
50 320
-
-
withholding
5 377
7 548
-
-
total
5 377
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 749
25 228
37 220
35 734
After tax
41 251
42 772
30 780
32 266
Living cost
10 781
10 781
10 781
10 781
Free-cash
30 470
31 991
19 999
21 485

Estimated living cost  is ₴10781 per week

₴6592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
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.
₴2945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24231
₴17989
₴24241
₴24970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 582
pensions
-
-
-
4 015
total
-
-
-
21 597
Employee
30 759
-
59 563
-
pensions
2 611
-
5 066
-
income
5 540
-
13 415
-
health
447
-
932
-
total
8 598
-
19 413
-
Employer
30 759
-
59 563
-
health
584
-
1 131
-
pensions
3 330
-
7 305
-
total
3 914
-
8 436
-
Corporate
33 327
68 000
-
-
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.

6 332
12 920
-
-
total
6 332
12 920
-
-
Dividends
26 995
55 080
-
-
withholding
2 024
8 687
-
-
total
2 024
8 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 868
21 607
27 849
21 597
After tax
47 132
46 393
40 151
46 403
Living cost
22 162
22 162
22 162
22 162
Free-cash
24 970
24 231
17 989
24 241

Estimated living cost  is ₴22162 per week

₴16603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7694
₴13824
₴17139
₴8901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
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.

-
-
-
1 360
regional
-
-
-
2 852
health
-
-
-
153
city
-
-
-
716
national
-
-
-
735
pensions
-
-
-
6 256
total
-
-
-
12 072
Employee
45 393
-
60 864
-
unemployment
-
-
-
-
pensions
3 814
-
5 113
-
national
215
-
579
-
regional
1 486
-
2 439
-
city
487
-
654
-
health
103
-
136
-
total
6 105
-
8 921
-
Employer
45 393
-
60 864
-
health
103
-
136
-
pensions
3 814
-
5 113
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

908
-
1 217
-
total
4 825
-
6 466
-
Corporate
17 284
68 000
-
-
regional
3 655
14 382
-
-
national
1 469
5 780
-
-
total
5 124
20 162
-
-
Dividends
12 159
47 838
-
-
withholding
4 256
16 743
-
-
total
4 256
16 743
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 310
36 905
15 387
12 072
After tax
47 690
31 095
52 613
55 928
Living cost
38 789
38 789
38 789
38 789
Free-cash
8 901
-7 694
13 824
17 139

Estimated living cost  is ₴38789 per week

₴25224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11246
₴22218
₴14452
₴19167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income

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

-
-
-
19 017
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.

-
-
-
1 046
health

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

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

-
-
-
3 338
trade
-
-
-
7 766
total
-
-
-
31 167
Employee

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

29 361
-
68 000
-
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.

190
-
1 046
-
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.

3 453
-
19 017
-
health

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

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

3 338
-
3 338
-
total
6 981
-
23 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 639
68 000
-
-
income
5 796
10 200
-
-
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.

319
561
-
-
chamber of commerce
129
170
-
-
trade
6 627
11 662
-
-
total
12 871
22 593
-
-
Dividends
25 768
45 407
-
-
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.

344
614
-
-
withholding
6 256
11 166
-
-
total
6 600
11 780
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 452
34 373
23 401
31 167
After tax
41 548
33 627
44 599
36 833
Living cost
22 381
22 381
22 381
22 381
Free-cash
19 167
11 246
22 218
14 452

Estimated living cost  is ₴22381 per week

₴16346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1790
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴17557
₴22676
₴21898
₴20445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 185
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 937
health
-
-
-
2 311
pensions
-
-
-
13 846
total
-
-
-
29 387
Employee
20 909
-
53 699
-
pensions
2 364
-
3 289
-
surtax
-
-
-
-
social contributions
596
-
1 531
-
income
1 234
-
9 488
-
total
4 194
-
14 308
-
Employer
20 909
-
53 699
-
health
1 464
-
4 442
-
pensions
3 435
-
5 617
-
unemployment
846
-
2 175
-
social contributions
63
-
161
-
other
721
-
1 906
-
total
6 529
-
14 301
-
Corporate
40 561
68 000
-
-
income
11 357
19 040
-
-
surtax
-
-
-
-
total
11 357
19 040
-
-
Dividends
29 204
48 960
-
-
surtax
-
-
-
-
social contributions
5 022
8 421
-
-
withholding
3 738
6 267
-
-
total
8 760
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 840
33 728
28 609
29 387
After tax
37 160
34 272
39 391
38 613
Living cost
16 715
16 715
16 715
16 715
Free-cash
20 445
17 557
22 676
21 898

Estimated living cost  is ₴16715 per week

₴10539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19213
₴24332
₴23554
₴21928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 185
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 937
health
-
-
-
2 311
pensions
-
-
-
13 846
total
-
-
-
29 387
Employee
18 664
-
53 699
-
pensions
2 111
-
3 289
-
surtax
-
-
-
-
social contributions
532
-
1 531
-
income
962
-
9 488
-
total
3 605
-
14 308
-
Employer
18 664
-
53 699
-
health
1 306
-
4 442
-
pensions
3 067
-
5 617
-
unemployment
756
-
2 175
-
social contributions
56
-
161
-
other
644
-
1 906
-
total
5 829
-
14 301
-
Corporate
43 507
68 000
-
-
income
12 182
19 040
-
-
surtax
-
-
-
-
total
12 182
19 040
-
-
Dividends
31 325
48 960
-
-
surtax
-
-
-
-
social contributions
5 387
8 421
-
-
withholding
4 010
6 267
-
-
total
9 397
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 013
33 728
28 609
29 387
After tax
36 987
34 272
39 391
38 613
Living cost
15 059
15 059
15 059
15 059
Free-cash
21 928
19 213
24 332
23 554

Estimated living cost  is ₴15059 per week

₴8733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1530
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.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31126
₴32437
₴33309
₴31379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
social contributions
-
-
-
9 384
health
-
-
-
4 747
total
-
-
-
24 331
Employee
16 565
-
68 000
-
social contributions
2 286
-
9 384
-
income
2 763
-
11 072
-
health
1 156
-
4 747
-
total
6 205
-
25 203
-
Employer
16 565
-
68 000
-
total
-
-
-
-
Corporate
51 435
68 000
-
-
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%.

2 572
3 400
-
-
total
2 572
3 400
-
-
Dividends
48 863
64 600
-
-
social contributions
6 743
8 915
-
-
withholding
7 330
9 690
-
-
health
3 411
4 509
-
-
total
17 484
23 114
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 261
26 514
25 203
24 331
After tax
41 739
41 486
42 797
43 669
Living cost
10 360
10 360
10 360
10 360
Free-cash
31 379
31 126
32 437
33 309

Estimated living cost  is ₴10360 per week

₴6933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
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.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20583
₴951
₴17303
₴19829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 193
surtax
-
-
-
96
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
272
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
33 482
Employee
24 415
19 469
52 730
-
other
244
195
528
-
unemployment
732
584
1 582
-
pensions
2 500
1 993
5 400
-
income
2 779
1 436
12 294
-
health
945
754
2 041
-
total
7 200
4 962
21 845
-
Employer
24 415
19 469
52 730
-
chamber of commerce
97
78
210
-
health
922
736
1 993
-
pensions
3 064
2 444
6 618
-
accident
317
253
685
-
unemployment
732
584
1 582
-
surtax
96
96
96
-
payroll
732
584
1 582
-
other
1 160
924
2 504
-
total
7 120
5 699
15 270
-
Corporate
36 462
42 831
50 875
-
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.

9 115
10 707
12 719
-
total
9 115
10 707
12 719
-
Dividends
27 347
32 123
-
-
withholding
7 521
8 834
-
-
total
7 521
8 834
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 956
30 202
49 834
33 482
After tax
37 044
37 798
18 166
34 518
Living cost
17 215
17 215
17 215
17 215
Free-cash
19 829
20 583
951
17 303

Estimated living cost  is ₴17215 per week

₴11481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20255
₴7138
₴12202
₴12927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
communal

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

-
-
-
3 438
social contributions
-
-
-
10 701
national
-
-
-
23 846
total
-
-
-
37 985
Employee

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

34 946
-
52 669
-
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.

304
-
458
-
communal

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

1 823
-
2 747
-
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.

2 621
-
3 950
-
national
10 744
-
18 089
-
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.

1 642
-
2 475
-
total
17 134
-
27 719
-
Employer

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

34 946
-
52 669
-
health

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

2 149
-
3 239
-
pensions

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

3 097
-
4 666
-
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.

454
-
684
-
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.

510
-
769
-
surtax
3 962
-
5 972
-
total
10 172
-
15 330
-
Corporate
22 881
68 000
-
-
income
4 576
13 600
-
-
surtax
92
272
-
-
total
4 668
13 872
-
-
Dividends
18 213
54 129
-
-
withholding

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

5 286
16 060
-
-
total
5 286
16 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 260
29 932
43 049
37 985
After tax
30 740
38 068
24 951
30 015
Living cost
17 813
17 813
17 813
17 813
Free-cash
12 927
20 255
7 138
12 202

Estimated living cost  is ₴17813 per week

₴11474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27900
₴18274
₴20623
₴24237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
408
income
-
-
-
16 148
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
29 733
Employee
24 319
-
53 564
-
other
24
-
45
-
unemployment
377
-
702
-
pensions
1 143
-
2 129
-
income
5 131
-
14 769
-
total
6 675
-
17 645
-
Employer
24 319
-
53 564
-
pensions
5 739
-
10 687
-
accident
481
-
897
-
unemployment
1 338
-
2 490
-
other
194
-
363
-
total
7 752
-
14 437
-
Corporate
35 930
68 000
-
-
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.

5 389
10 200
-
-
total
5 389
10 200
-
-
Dividends
30 540
57 800
-
-
withholding
6 303
12 256
-
-
total
6 303
12 256
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 119
22 456
32 082
29 733
After tax
41 881
45 544
35 918
38 267
Living cost
17 644
17 644
17 644
17 644
Free-cash
24 237
27 900
18 274
20 623

Estimated living cost  is ₴17644 per week

₴12993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14158
₴11803
₴9091
₴8913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
communal
-
-
-
4 297
accident
-
-
-
573
income
-
-
-
9 147
surtax
-
-
-
3 371
health
-
-
-
4 778
pensions
-
-
-
10 193
total
-
-
-
32 359
Employee
36 997
-
60 742
-
pensions
2 959
-
4 859
-
surtax
2 268
-
3 722
-
income
3 574
-
11 105
-
health
1 647
-
2 703
-
total
10 448
-
22 389
-
Employer
36 997
-
60 742
-
health
1 128
-
1 852
-
pensions
2 959
-
4 859
-
accident
333
-
547
-
total
4 420
-
7 258
-
Corporate
26 582
68 000
-
-
communal
1 794
4 590
-
-
income
3 988
10 200
-
-
surtax
279
714
-
-
total
6 061
15 504
-
-
Dividends
20 522
52 496
-
-
income
8 530
3 914
-
-
withholding
3 078
7 874
-
-
total
11 608
11 788
-
-
Income
68 000
68 000
68 000
68 000
Total tax
32 537
27 292
29 647
32 359
After tax
35 463
40 708
38 353
35 641
Living cost
26 550
26 550
26 550
26 550
Free-cash
8 913
14 158
11 803
9 091

Estimated living cost  is ₴26550 per week

₴19916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴31799
₴19807
₴21293
₴30245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 738
other
-
-
-
-
surtax
-
-
-
2 215
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
35 734
Employee
16 453
-
56 176
-
other
-
-
-
-
unemployment
1 145
-
3 910
-
pensions
1 098
-
3 746
-
surtax
58
-
1 979
-
income
2 758
-
14 329
-
health
420
-
1 432
-
total
5 479
-
25 396
-
Employer
16 453
-
56 176
-
health
748
-
2 555
-
pensions
2 194
-
7 488
-
unemployment
522
-
1 781
-
other
-
-
-
-
total
3 464
-
11 824
-
Corporate
48 084
68 000
-
-
income
12 502
17 680
-
-
total
12 502
17 680
-
-
Dividends
35 582
50 320
-
-
withholding
5 337
7 548
-
-
total
5 337
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 782
25 228
37 220
35 734
After tax
41 218
42 772
30 780
32 266
Living cost
10 973
10 973
10 973
10 973
Free-cash
30 245
31 799
19 807
21 293

Estimated living cost  is ₴10973 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
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.
₴3140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22583
₴16920
₴20138
₴21497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
1 026
municipal
-
-
-
404
national
-
-
-
15 782
total
-
-
-
34 702
Employee
27 101
-
68 000
-
municipal
144
-
361
-
national
4 293
-
13 715
-
regional
365
-
915
-
social contributions
9 139
-
22 929
-
total
13 941
-
37 920
-
Employer
27 101
-
68 000
-
total
-
-
-
-
Corporate
40 899
68 000
-
-
municipal
2 033
3 379
-
-
nationa
9 816
16 320
-
-
total
11 849
19 699
-
-
Dividends
29 050
48 301
-
-
withholding
7 553
12 558
-
-
total
7 553
12 558
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 343
32 257
37 920
34 702
After tax
34 657
35 743
30 080
33 298
Living cost
13 160
13 160
13 160
13 160
Free-cash
21 497
22 583
16 920
20 138

Estimated living cost  is ₴13160 per week

₴8185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
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.
₴3417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31857
₴19545
₴20187
₴26520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
6 202
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 852
Employee
22 001
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 430
-
3 299
-
income
2 640
-
6 090
-
health
2 970
-
6 851
-
total
7 040
-
16 240
-
Employer
22 001
-
50 746
-
health
1 980
-
4 567
-
social contributions
5 500
-
12 687
-
total
7 480
-
17 254
-
Corporate
38 519
68 000
-
-
income
7 319
12 920
-
-
total
7 319
12 920
-
-
Dividends
31 200
55 080
-
-
withholding
4 680
8 262
-
-
total
4 680
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 519
21 182
33 494
32 852
After tax
41 481
46 818
34 506
35 148
Living cost
14 961
14 961
14 961
14 961
Free-cash
26 520
31 857
19 545
20 187

Estimated living cost  is ₴14961 per week

₴11126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22264
₴2600
₴19028
₴22022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 193
surtax
-
-
-
-
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
272
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
33 386
Employee
21 356
19 469
52 803
-
other
213
195
528
-
unemployment
641
584
1 584
-
pensions
2 187
1 993
5 407
-
income
1 902
1 436
12 319
-
health
826
754
2 043
-
total
5 769
4 962
21 881
-
Employer
21 356
19 469
52 803
-
chamber of commerce
85
78
211
-
health
808
736
1 996
-
pensions
2 680
2 444
6 627
-
accident
277
253
686
-
unemployment
641
584
1 584
-
surtax
-
-
-
-
payroll
641
584
1 584
-
other
1 014
924
2 508
-
total
6 146
5 603
15 196
-
Corporate
40 498
42 927
50 949
-
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.

10 125
10 731
12 737
-
total
10 125
10 731
12 737
-
Dividends
30 373
32 196
-
-
withholding
8 352
8 854
-
-
total
8 352
8 854
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 392
30 150
49 814
33 386
After tax
37 608
37 850
18 186
34 614
Living cost
15 586
15 586
15 586
15 586
Free-cash
22 022
22 264
2 600
19 028

Estimated living cost  is ₴15586 per week

₴9350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58332
₴48132
₴61052
₴57157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
68 000
microenterprise

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

-
-
-
680
total
-
-
-
680
Employee
7 835
-
68 000
-
income
1 567
-
13 600
-
total
1 567
-
13 600
-
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%.

60 165
68 000
-
-
total
-
-
-
-
Dividends
60 165
68 000
-
-
withholding
3 008
3 400
-
-
total
3 008
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 575
3 400
13 600
680
After tax
63 425
64 600
54 400
67 320
Living cost
6 268
6 268
6 268
6 268
Free-cash
57 157
58 332
48 132
61 052

Estimated living cost  is ₴6268 per week

₴4241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33714
₴19222
₴21024
₴29626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
14 660
unemployment
-
-
-
102
health
-
-
-
6 691
pensions
-
-
-
12 419
total
-
-
-
33 872
Employee

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

21 604
-
58 839
-
unemployment
31
-
83
-
pensions
3 349
-
9 120
-
income
3 726
-
13 510
-
health
1 395
-
3 800
-
total
8 501
-
26 513
-
Employer

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

21 604
-
58 839
-
health
1 439
-
3 918
-
pensions
1 912
-
5 208
-
unemployment
13
-
35
-
total
3 364
-
9 161
-
Corporate
43 033
68 000
-
-
income
8 176
12 920
-
-
total
8 176
12 920
-
-
Dividends
34 856
55 080
-
-
withholding
5 229
8 262
-
-
total
5 229
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 270
21 182
35 674
33 872
After tax
42 730
46 818
32 326
34 128
Living cost
13 104
13 104
13 104
13 104
Free-cash
29 626
33 714
19 222
21 024

Estimated living cost  is ₴13104 per week

₴8993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20128
₴40280
₴25750
-₴5408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
13 255
social contributions
-
-
-
7 752
total
-
-
-
21 007
Employee
30 459
-
-
-
social contributions
2 498
-
356
-
income
6 719
-
-
-
total
9 217
-
356
-
Employer
30 459
-
-
-
social contributions
42 948
-
6 121
-
total
42 948
-
6 121
-
Corporate
-
68 000
-
-
income
-
14 960
-
-
total
-
14 960
-
-
Dividends
-
53 040
-
-
income
-
11 669
-
-
total
-
11 669
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 165
26 629
6 477
21 007
After tax
15 835
41 371
61 523
46 993
Living cost
21 243
21 243
21 243
21 243
Free-cash
-5 408
20 128
40 280
25 750

Estimated living cost  is ₴21243 per week

₴13783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23355
₴17096
₴21708
₴22863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
7 338
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 968
Employee
22 469
-
54 949
-
surtax
-
-
-
-
social contributions
2 472
-
6 045
-
income
4 674
-
16 485
-
total
7 146
-
22 530
-
Employer
22 469
-
54 949
-
social contributions
5 336
-
13 050
-
total
5 336
-
13 050
-
Corporate
40 194
68 000
-
-
income
8 440
14 280
-
-
surtax
-
-
-
-
total
8 440
14 280
-
-
Dividends
31 754
53 720
-
-
withholding
8 891
15 041
-
-
total
8 891
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 813
29 321
35 580
30 968
After tax
38 187
38 679
32 420
37 032
Living cost
15 324
15 324
15 324
15 324
Free-cash
22 863
23 355
17 096
21 708

Estimated living cost  is ₴15324 per week

₴11466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10676
₴15795
₴15017
₴14034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 185
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 937
health
-
-
-
2 311
pensions
-
-
-
13 846
total
-
-
-
29 387
Employee
30 599
-
53 699
-
pensions
3 461
-
3 289
-
surtax
-
-
-
-
social contributions
871
-
1 531
-
income
2 670
-
9 488
-
total
7 002
-
14 308
-
Employer
30 599
-
53 699
-
health
2 142
-
4 442
-
pensions
5 028
-
5 617
-
unemployment
1 240
-
2 175
-
social contributions
92
-
161
-
other
1 056
-
1 906
-
total
9 558
-
14 301
-
Corporate
27 845
68 000
-
-
income
7 796
19 040
-
-
surtax
-
-
-
-
total
7 796
19 040
-
-
Dividends
20 048
48 960
-
-
surtax
-
-
-
-
social contributions
3 448
8 421
-
-
withholding
2 566
6 267
-
-
total
6 014
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 370
33 728
28 609
29 387
After tax
37 630
34 272
39 391
38 613
Living cost
23 596
23 596
23 596
23 596
Free-cash
14 034
10 676
15 795
15 017

Estimated living cost  is ₴23596 per week

₴15970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
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.
₴5373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46514
₴37823
₴36016
₴44872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
2 337
social contributions
-
-
-
14 961
total
-
-
-
17 298
Employee
15 706
-
58 874
-
income
-
-
2 538
-
social contributions
1 021
-
3 827
-
total
1 021
-
6 365
-
Employer
15 706
-
58 874
-
social contributions
2 435
-
9 126
-
total
2 435
-
9 126
-
Corporate
49 859
68 000
-
-
income
4 986
6 800
-
-
total
4 986
6 800
-
-
Dividends
44 873
61 200
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
8 442
6 800
15 491
17 298
After tax
59 558
61 200
52 509
50 702
Living cost
14 686
14 686
14 686
14 686
Free-cash
44 872
46 514
37 823
36 016

Estimated living cost  is ₴14686 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1107
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38344
-₴38344
₴17637
-₴38344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
labour market
-
-
-
5 406
municipal
-
-
-
13 631
national
-
-
-
7 396
pensions
-
-
-
423
total
-
-
-
26 856
Employee
99 216
99 216
99 216
-
municipal
21 127
21 127
21 127
-
labour market
7 926
7 926
7 926
-
pensions
141
141
141
-
national
12 121
12 121
12 121
-
total
41 315
41 315
41 315
-
Employer
99 216
99 216
99 216
-
national
12 142
12 142
12 142
-
labour market
7 937
7 937
7 937
-
pensions
282
282
282
-
municipal
21 161
21 161
21 161
-
total
41 522
41 522
41 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
82 837
82 837
82 837
26 856
After tax
-14 837
-14 837
-14 837
41 144
Living cost
23 507
23 507
23 507
23 507
Free-cash
-38 344
-38 344
-38 344
17 637

Estimated living cost  is ₴23507 per week

₴16088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5196
₴25566
₴35849
₴3866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
18 007
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
21 447
Employee
16 838
-
60 084
-
pensions
1 896
-
3 768
-
income
2 310
-
13 167
-
health
1 928
-
6 879
-
total
6 134
-
23 814
-
Employer
16 838
-
60 084
-
pensions
2 738
-
5 441
-
accident
281
-
1 003
-
unemployment
413
-
1 472
-
total
3 432
-
7 916
-
Corporate
47 730
68 000
-
-
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.

42 957
61 200
-
-
total
42 957
61 200
-
-
Dividends
4 773
6 800
-
-
withholding
907
1 292
-
-
total
907
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 430
62 492
31 730
21 447
After tax
14 570
5 508
36 270
46 553
Living cost
10 704
10 704
10 704
10 704
Free-cash
3 866
-5 196
25 566
35 849

Estimated living cost  is ₴10704 per week

₴7791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24975
₴18062
₴27386
₴25544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
68 000
health
-
-
-
844
municipal
-
-
-
12 088
national
-
-
-
8 925
total
-
-
-
21 857
Employee
25 704
-
57 206
-
municipal
4 210
-
9 326
-
unemployment
386
-
859
-
pensions
1 735
-
3 861
-
national
425
-
5 664
-
health
192
-
677
-
total
6 948
-
20 387
-
Employer
25 704
-
57 206
-
health
197
-
440
-
pensions
4 459
-
9 925
-
accident
26
-
57
-
unemployment
167
-
372
-
total
4 849
-
10 794
-
Corporate
37 447
68 000
-
-
income
7 489
13 600
-
-
total
7 489
13 600
-
-
Dividends

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

22 468
40 800
-
-
municipal
4 044
7 344
-
-
national
369
3 324
-
-
total
4 413
10 668
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 699
24 268
31 181
21 857
After tax
44 301
43 732
36 819
46 143
Living cost
18 757
18 757
18 757
18 757
Free-cash
25 544
24 975
18 062
27 386

Estimated living cost  is ₴18757 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38354
₴35425
₴36071
₴35697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 979
social contributions
-
-
-
7 905
health
-
-
-
1 734
total
-
-
-
20 618
Employee
37 567
37 567
62 636
-
social contributions
1 420
3 118
4 205
-
income
4 090
3 478
10 630
-
health
291
639
1 065
-
total
5 801
7 235
15 900
-
Employer
37 567
37 567
62 636
-
health
316
695
1 159
-
social contributions
1 420
3 118
4 205
-
total
1 736
3 813
5 364
-
Corporate
49 150
26 620
-
-
income
6 144
3 327
-
-
total
6 144
3 327
-
-
Dividends
43 006
23 292
-
-
withholding
7 311
3 960
-
-
total
7 311
3 960
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 992
18 335
21 264
20 618
After tax
47 008
49 665
46 736
47 382
Living cost
11 311
11 311
11 311
11 311
Free-cash
35 697
38 354
35 425
36 071

Estimated living cost  is ₴11311 per week

₴6779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1110
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴48554
₴38785
₴48583
₴46068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
68 000
income
-
-
-
6 770
unemployment
-
-
-
14
health
-
-
-
1 768
pensions
-
-
-
3 108
total
-
-
-
11 660
Employee

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

11 214
-
63 225
-
unemployment
56
-
232
-
pensions
1 682
-
6 953
-
income
767
-
5 558
-
health
953
-
3 940
-
total
3 458
-
16 683
-
Employer

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

11 214
-
63 225
-
health
482
-
1 993
-
pensions
617
-
2 550
-
unemployment
56
-
232
-
total
1 155
-
4 775
-
Corporate
55 632
68 000
-
-
income
5 006
6 120
-
-
total
5 006
6 120
-
-
Dividends
50 625
61 880
-
-
withholding
4 556
5 569
-
-
total
4 556
5 569
-
-
Income
68 000
68 000
68 000
68 000
Total tax
14 175
11 689
21 458
11 660
After tax
53 825
56 311
46 542
56 340
Living cost
7 757
7 757
7 757
7 757
Free-cash
46 068
48 554
38 785
48 583

Estimated living cost  is ₴7757 per week

₴4949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32109
₴22483
₴24832
₴29775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
408
income
-
-
-
16 148
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
29 733
Employee
18 065
-
53 564
-
other
18
-
45
-
unemployment
280
-
702
-
pensions
849
-
2 129
-
income
3 483
-
14 769
-
total
4 630
-
17 645
-
Employer
18 065
-
53 564
-
pensions
4 263
-
10 687
-
accident
358
-
897
-
unemployment
994
-
2 490
-
other
145
-
363
-
total
5 760
-
14 437
-
Corporate
44 176
68 000
-
-
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.

6 626
10 200
-
-
total
6 626
10 200
-
-
Dividends
37 550
57 800
-
-
withholding
7 774
12 256
-
-
total
7 774
12 256
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 790
22 456
32 082
29 733
After tax
43 210
45 544
35 918
38 267
Living cost
13 435
13 435
13 435
13 435
Free-cash
29 775
32 109
22 483
24 832

Estimated living cost  is ₴13435 per week

₴9068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴2840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41473
₴42610
₴42678
₴41314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
23 156
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
24 363
Employee
1 461
-
67 213
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
23 119
-
health
73
-
175
-
total
503
-
23 644
-
Employer
1 461
-
67 213
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
66 210
68 000
-
-
income
14 566
14 960
-
-
total
14 566
14 960
-
-
Dividends
51 644
53 040
-
-
withholding
10 329
10 608
-
-
total
10 329
10 608
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 727
25 568
24 431
24 363
After tax
42 273
42 432
43 569
43 637
Living cost
959
959
959
959
Free-cash
41 314
41 473
42 610
42 678

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40682
₴30947
₴30945
₴38278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
14 959
unemployment
-
-
-
542
health
-
-
-
3 719
pensions
-
-
-
9 387
total
-
-
-
28 607
Employee

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

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

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

12 739
-
61 538
-
unemployment
96
-
271
-
pensions
1 783
-
5 054
-
income
1 756
-
14 959
-
health
656
-
1 859
-
total
4 291
-
22 143
-
Employer

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

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

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

12 739
-
61 538
-
health
656
-
1 859
-
pensions
1 529
-
4 332
-
unemployment
96
-
271
-
total
2 281
-
6 462
-
Corporate
52 980
68 000
-
-
income
7 947
10 200
-
-
total
7 947
10 200
-
-
Dividends
45 033
57 800
-
-
withholding
6 755
8 670
-
-
total
6 755
8 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 274
18 870
28 605
28 607
After tax
46 726
49 130
39 395
39 393
Living cost
8 448
8 448
8 448
8 448
Free-cash
38 278
40 682
30 947
30 945

Estimated living cost  is ₴8448 per week

₴5688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
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.
₴1862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25508
₴19249
₴23861
₴25330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
7 338
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 968
Employee
18 962
-
54 949
-
surtax
-
-
-
-
social contributions
2 086
-
6 045
-
income
3 705
-
16 485
-
total
5 791
-
22 530
-
Employer
18 962
-
54 949
-
social contributions
4 503
-
13 050
-
total
4 503
-
13 050
-
Corporate
44 535
68 000
-
-
income
9 353
14 280
-
-
surtax
-
-
-
-
total
9 353
14 280
-
-
Dividends
35 183
53 720
-
-
withholding
9 852
15 041
-
-
total
9 852
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 499
29 321
35 580
30 968
After tax
38 501
38 679
32 420
37 032
Living cost
13 171
13 171
13 171
13 171
Free-cash
25 330
25 508
19 249
23 861

Estimated living cost  is ₴13171 per week

₴9329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
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.
₴2694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28374
₴18748
₴21097
₴24879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
408
income
-
-
-
16 148
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
29 733
Employee
23 595
-
53 564
-
other
23
-
45
-
unemployment
365
-
702
-
pensions
1 109
-
2 129
-
income
4 928
-
14 769
-
total
6 425
-
17 645
-
Employer
23 595
-
53 564
-
pensions
5 568
-
10 687
-
accident
467
-
897
-
unemployment
1 298
-
2 490
-
other
189
-
363
-
total
7 522
-
14 437
-
Corporate
36 883
68 000
-
-
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.

5 532
10 200
-
-
total
5 532
10 200
-
-
Dividends
31 351
57 800
-
-
withholding
6 472
12 256
-
-
total
6 472
12 256
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 951
22 456
32 082
29 733
After tax
42 049
45 544
35 918
38 267
Living cost
17 170
17 170
17 170
17 170
Free-cash
24 879
28 374
18 748
21 097

Estimated living cost  is ₴17170 per week

₴12331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1335
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.
₴3263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49737
₴47314
₴44842
₴46760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
14 755
Employee
11 127
-
64 652
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
pensions

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

977
-
1 498
-
income
1 113
-
6 465
-
health
512
-
785
-
total
2 724
-
8 936
-
Employer
11 127
-
64 652
-
health
768
-
1 177
-
pensions

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

1 226
-
1 880
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
unemployment
67
-
102
-
total
2 183
-
3 347
-
Corporate
54 690
68 000
-
-
income
5 469
6 800
-
-
total
5 469
6 800
-
-
Dividends
49 221
61 200
-
-
withholding
2 461
3 060
-
-
total
2 461
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 837
9 860
12 283
14 755
After tax
55 163
58 140
55 717
53 245
Living cost
8 403
8 403
8 403
8 403
Free-cash
46 760
49 737
47 314
44 842

Estimated living cost  is ₴8403 per week

₴5558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
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.
₴2164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16163
₴25737
₴19239
₴22554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income

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

-
-
-
19 017
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.

-
-
-
1 046
health

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

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

-
-
-
3 338
trade
-
-
-
6 498
total
-
-
-
29 899
Employee

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

24 308
-
68 000
-
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.

110
-
1 046
-
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.

1 999
-
19 017
-
health

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

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

3 338
-
3 338
-
total
5 447
-
23 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 692
68 000
-
-
income
6 554
10 200
-
-
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.

361
561
-
-
chamber of commerce
138
174
-
-
trade
6 270
9 758
-
-
total
13 323
20 693
-
-
Dividends
30 369
47 307
-
-
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.

407
641
-
-
withholding
7 407
11 641
-
-
total
7 814
12 282
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 584
32 975
23 401
29 899
After tax
41 416
35 025
44 599
38 101
Living cost
18 862
18 862
18 862
18 862
Free-cash
22 554
16 163
25 737
19 239

Estimated living cost  is ₴18862 per week

₴13011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴19770
₴10118
₴10118
₴20849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
19 125
social contributions
-
-
-
10 927
total
-
-
-
30 052
Employee
38 215
-
68 000
-
income
7 211
-
19 125
-
social contributions
3 175
-
10 927
-
total
10 386
-
30 052
-
Employer
38 215
-
68 000
-
total
-
-
-
-
Corporate
29 785
68 000
-
-
income
3 723
8 500
-
-
total
3 723
8 500
-
-
Dividends
26 061
59 500
-
-
withholding
5 212
11 900
-
-
total
5 212
11 900
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 321
20 400
30 052
30 052
After tax
48 679
47 600
37 948
37 948
Living cost
27 830
27 830
27 830
27 830
Free-cash
20 849
19 770
10 118
10 118

Estimated living cost  is ₴27830 per week

₴21173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23885
₴31718
₴33345
₴25593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
13 907
health

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

-
-
-
3 014
total
-
-
-
16 921
Employee
22 412
-
65 753
-
income
2 432
-
14 054
-
social contributions
2 245
-
2 247
-
total
4 677
-
16 301
-
Employer
22 412
-
65 753
-
social contributions
2 245
-
2 247
-
total
2 245
-
2 247
-
Corporate
43 343
68 000
-
-
income
15 170
23 800
-
-
total
15 170
23 800
-
-
Dividends
28 172
44 200
-
-
social contributions
2 581
2 581
-
-
total
2 581
2 581
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 673
26 381
18 548
16 921
After tax
43 327
41 619
49 452
51 079
Living cost
17 734
17 734
17 734
17 734
Free-cash
25 593
23 885
31 718
33 345

Estimated living cost  is ₴17734 per week

₴11682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28376
₴22134
₴28386
₴30194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 582
pensions
-
-
-
4 015
total
-
-
-
21 597
Employee
24 731
-
59 563
-
pensions
1 888
-
5 066
-
income
4 504
-
13 415
-
health
323
-
932
-
total
6 715
-
19 413
-
Employer
24 731
-
59 563
-
health
470
-
1 131
-
pensions
2 499
-
7 305
-
total
2 969
-
8 436
-
Corporate
40 301
68 000
-
-
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.

7 657
12 920
-
-
total
7 657
12 920
-
-
Dividends
32 644
55 080
-
-
withholding
2 448
8 687
-
-
total
2 448
8 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 789
21 607
27 849
21 597
After tax
48 211
46 393
40 151
46 403
Living cost
18 017
18 017
18 017
18 017
Free-cash
30 194
28 376
22 134
28 386

Estimated living cost  is ₴18017 per week

₴12359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1657
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.
₴3774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6256
₴24506
₴34789
₴3703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
18 007
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
21 447
Employee
18 505
-
60 084
-
pensions
2 084
-
3 768
-
income
2 539
-
13 167
-
health
2 119
-
6 879
-
total
6 742
-
23 814
-
Employer
18 505
-
60 084
-
pensions
3 009
-
5 441
-
accident
309
-
1 003
-
unemployment
453
-
1 472
-
total
3 771
-
7 916
-
Corporate
45 724
68 000
-
-
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.

41 151
61 200
-
-
total
41 151
61 200
-
-
Dividends
4 572
6 800
-
-
withholding
869
1 292
-
-
total
869
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 533
62 492
31 730
21 447
After tax
15 467
5 508
36 270
46 553
Living cost
11 764
11 764
11 764
11 764
Free-cash
3 703
-6 256
24 506
34 789

Estimated living cost  is ₴11764 per week

₴8633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50630
₴39737
₴31768
₴48345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 000
income
-
-
-
10 940
unemployment
-
-
-
816
work injury
-
-
-
340
health insurance
-
-
-
5 032
pensions
-
-
-
12 512
total
-
-
-
29 640
Employee

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

10 547
-
68 000
-
health insurance
780
-
2 888
-
unemployment
127
-
468
-
work injury
53
-
195
-
pensions
1 941
-
7 180
-
income
1 055
-
10 940
-
total
3 956
-
21 671
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 453
68 000
-
-
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%.

575
680
-
-
total
575
680
-
-
Dividends
56 879
67 320
-
-
withholding
8 532
10 098
-
-
total
8 532
10 098
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 063
10 778
21 671
29 640
After tax
54 937
57 222
46 329
38 360
Living cost
6 592
6 592
6 592
6 592
Free-cash
48 345
50 630
39 737
31 768

Estimated living cost  is ₴6592 per week

₴4084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
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.
₴1823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16355
₴10166
₴13276
₴14131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
1 535
municipal
-
-
-
454
national
-
-
-
15 782
total
-
-
-
35 261
Employee
41 168
-
68 000
-
municipal
246
-
406
-
national
6 957
-
13 715
-
regional
622
-
1 321
-
social contributions
13 882
-
22 929
-
total
21 707
-
38 371
-
Employer
41 168
-
68 000
-
total
-
-
-
-
Corporate
26 832
68 000
-
-
municipal
1 293
3 277
-
-
nationa
6 440
16 320
-
-
total
7 733
19 597
-
-
Dividends
19 099
48 403
-
-
withholding
4 966
12 585
-
-
total
4 966
12 585
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 406
32 182
38 371
35 261
After tax
33 594
35 818
29 629
32 739
Living cost
19 463
19 463
19 463
19 463
Free-cash
14 131
16 355
10 166
13 276

Estimated living cost  is ₴19463 per week

₴13671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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