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
₴22405
₴18670
₴24390
₴29329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
6 924
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.

-
-
-
1 015
income

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

-
-
-
18 459
total
-
-
-
29 931
Employee

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

19 780
-
68 000
-
health

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

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

3 533
-
3 533
-
surtax

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

30
-
1 015
-
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.

553
-
18 459
-
total
4 116
-
23 007
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 220
68 000
-
-
trade
7 595
10 710
-
-
chamber of commerce
148
177
-
-
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.

397
561
-
-
income
7 233
10 200
-
-
total
15 373
21 648
-
-
Dividends
32 847
46 352
-
-
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.

441
626
-
-
withholding
8 016
11 392
-
-
total
8 457
12 018
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 946
33 666
23 007
29 931
After tax
40 054
34 334
44 993
38 069
Living cost
15 664
15 664
15 664
15 664
Free-cash
24 390
18 670
29 329
22 405

Estimated living cost  is ₴15664 per week

₴9853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13431
₴15271
₴14819
₴13965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 263
social contributions
-
-
-
731
national
-
-
-
11 254
pensions
-
-
-
8 160
total
-
-
-
27 408
Employee
42 105
-
58 785
-
pensions
1 684
-
2 351
-
national
8 059
-
11 662
-
municipal
5 201
-
7 526
-
total
14 944
-
21 539
-
Employer
42 105
-
58 785
-
pensions
3 368
-
4 703
-
social contributions
453
-
632
-
total
3 821
-
5 335
-
Corporate
19 295
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%.

3 859
13 600
-
-
total
3 859
13 600
-
-
Dividends
15 436
54 400
-
-
withholding
3 396
11 968
-
-
total
3 396
11 968
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 020
25 568
26 874
27 408
After tax
41 980
42 432
41 126
40 592
Living cost
27 161
27 161
27 161
27 161
Free-cash
14 819
15 271
13 965
13 431

Estimated living cost  is ₴27161 per week

₴18461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9593
₴43641
₴39399
₴27384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 814
income
-
-
-
10 494
microenterprise
-
-
-
-
surtax
-
-
-
17 340
total
-
-
-
47 648
Employee
15 111
-
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.

1 662
-
6 028
-
income
2 690
-
10 628
-
total
4 352
-
16 656
-
Employer
15 111
-
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.

3 640
-
13 201
-
total
3 640
-
13 201
-
Corporate
49 249
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%.

9 850
13 600
-
-
total
9 850
13 600
-
-
Dividends

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

39 399
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
17 842
13 600
29 857
47 648
After tax
50 158
54 400
38 143
20 352
Living cost
10 759
10 759
10 759
10 759
Free-cash
39 399
43 641
27 384
9 593

Estimated living cost  is ₴10759 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1025
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.
₴2626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17484
₴11657
₴8488
₴17061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 377
pensions
-
-
-
6 059
income
-
-
-
16 416
total
-
-
-
28 852
Employee
44 161
44 161
58 389
-
health
6 778
5 766
6 377
-
pensions
7 949
6 059
6 059
-
income

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

7 229
7 229
7 229
-
total
21 956
19 054
19 665
-
Employer
44 161
44 161
58 389
-
health
3 070
3 070
3 815
-
pensions
3 074
3 074
3 820
-
unemployment
1 590
1 590
1 975
-
total
7 734
7 734
9 610
-
Corporate
16 647
16 105
-
-
income
3 330
3 221
-
-
total
3 330
3 221
-
-
Dividends
13 317
12 885
-
-
income
2 830
2 738
-
-
withholding
1 998
1 932
-
-
total
4 828
4 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 848
34 679
29 275
28 852
After tax
30 152
33 321
38 725
39 148
Living cost
21 664
21 664
21 664
21 664
Free-cash
8 488
11 657
17 061
17 484

Estimated living cost  is ₴21664 per week

₴15352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14563
₴15509
₴15023
₴13980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 957
accident
-
-
-
95
other
-
-
-
5 506
municipal
-
-
-
16 184
pensions
-
-
-
5 122
national
-
-
-
1 907
unemployment
-
-
-
47
total
-
-
-
31 818
Employee
30 805
-
53 113
-
national
-
-
1 675
-
municipal
9 186
-
15 838
-
total
9 186
-
17 513
-
Employer
30 805
-
53 113
-
health
1 895
-
2 914
-
accident
62
-
95
-
pensions
3 330
-
5 122
-
other
3 580
-
5 506
-
unemployment
813
-
1 251
-
total
9 680
-
14 888
-
Corporate
27 516
68 000
-
-
income
6 053
14 960
-
-
total
6 053
14 960
-
-
Dividends
21 462
53 040
-
-
withholding
6 439
15 912
-
-
total
6 439
15 912
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 358
30 872
32 401
31 818
After tax
36 642
37 128
35 599
36 182
Living cost
21 619
21 619
21 619
21 619
Free-cash
15 023
15 509
13 980
14 563

Estimated living cost  is ₴21619 per week

₴14328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17447
₴13669
₴20937
₴24678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
7 231
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.

-
-
-
1 015
income

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

-
-
-
18 459
total
-
-
-
30 238
Employee

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

26 225
-
68 000
-
health

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

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

3 533
-
3 533
-
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.

124
-
1 015
-
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.

2 253
-
18 459
-
total
5 910
-
23 007
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 775
68 000
-
-
trade
6 872
11 186
-
-
chamber of commerce
138
176
-
-
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
561
-
-
income
6 266
10 200
-
-
total
13 620
22 123
-
-
Dividends
28 155
45 877
-
-
surtax

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

376
620
-
-
withholding
6 842
11 273
-
-
total
7 218
11 893
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 748
34 016
23 007
30 238
After tax
41 252
33 984
44 993
37 762
Living cost
20 315
20 315
20 315
20 315
Free-cash
20 937
13 669
24 678
17 447

Estimated living cost  is ₴20315 per week

₴13587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
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.
₴4283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30813
₴32909
₴30765
₴30101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 734
social contributions
-
-
-
8 367
income
-
-
-
10 313
total
-
-
-
20 414
Employee
39 765
39 765
62 394
-
health
395
676
1 061
-
social contributions
1 932
3 300
4 451
-
income
4 176
3 681
10 009
-
total
6 503
7 657
15 521
-
Employer
39 765
39 765
62 394
-
health
431
736
1 154
-
social contributions
1 932
3 300
4 451
-
total
2 363
4 036
5 605
-
Corporate
42 360
24 198
-
-
income
5 295
3 025
-
-
total
5 295
3 025
-
-
Dividends
37 065
21 174
-
-
withholding
6 301
3 600
-
-
total
6 301
3 600
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 462
18 318
21 126
20 414
After tax
47 538
49 682
46 874
47 586
Living cost
16 773
16 773
16 773
16 773
Free-cash
30 765
32 909
30 101
30 813

Estimated living cost  is ₴16773 per week

₴11466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37624
₴28766
₴28964
₴29938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 760
pensions
-
-
-
6 800
unemployment
-
-
-
1 020
income
-
-
-
8 313
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.

13 689
5 448
56 904
-
health
958
381
3 983
-
pensions
1 369
545
5 690
-
unemployment
205
82
854
-
income
1 673
666
6 956
-
total
4 205
1 674
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.

13 689
5 448
56 904
-
pensions
2 669
1 062
11 096
-
total
2 669
1 062
11 096
-
Corporate
51 642
61 490
-
-
income
4 648
5 534
-
-
total
4 648
5 534
-
-
Dividends
46 994
55 956
-
-
social contributions
9 102
10 849
-
-
withholding
8 929
10 632
-
-
total
18 031
21 481
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 553
29 751
28 579
20 893
After tax
38 447
38 249
39 421
47 107
Living cost
9 483
9 483
9 483
9 483
Free-cash
28 964
28 766
29 938
37 624

Estimated living cost  is ₴9483 per week

₴6471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23956
₴41909
₴38696
₴26703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 840
pensions
-
-
-
13 601
income
-
-
-
9 112
total
-
-
-
31 553
Employee
14 670
-
50 822
-
pensions
293
-
1 017
-
unemployment
235
-
814
-
income
1 652
-
9 798
-
total
2 180
-
11 629
-
Employer
14 670
-
50 822
-
health
1 907
-
6 607
-
pensions
2 934
-
10 164
-
unemployment
118
-
406
-
total
4 959
-
17 177
-
Corporate
48 371
68 000
-
-
income
9 674
13 600
-
-
total
9 674
13 600
-
-
Dividends
38 696
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
16 813
13 600
28 806
31 553
After tax
51 187
54 400
39 194
36 447
Living cost
12 491
12 491
12 491
12 491
Free-cash
38 696
41 909
26 703
23 956

Estimated living cost  is ₴12491 per week

₴8567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35098
-₴5965
₴3749
₴24625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
17 797
total
-
-
-
21 429
Employee
18 048
-
59 791
-
health
2 066
-
6 846
-
pensions
2 032
-
3 979
-
income
2 476
-
12 868
-
total
6 574
-
23 693
-
Employer
18 048
-
59 791
-
accident
301
-
999
-
pensions
2 935
-
5 745
-
unemployment
442
-
1 465
-
total
3 678
-
8 209
-
Corporate
46 274
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.

41 647
61 200
-
-
total
41 647
61 200
-
-
Dividends
4 627
6 800
-
-
withholding
879
1 292
-
-
total
879
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 778
62 492
31 902
21 429
After tax
15 222
5 508
36 098
46 571
Living cost
11 473
11 473
11 473
11 473
Free-cash
3 749
-5 965
24 625
35 098

Estimated living cost  is ₴11473 per week

₴8409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
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.
₴2189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63048
₴60328
₴59527
₴50128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 340
-
68 000
-
income
1 068
-
13 600
-
total
1 068
-
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%.

62 660
68 000
-
-
total
-
-
-
-
Dividends
62 660
68 000
-
-
withholding
3 133
3 400
-
-
total
3 133
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 201
3 400
13 600
680
After tax
63 799
64 600
54 400
67 320
Living cost
4 272
4 272
4 272
4 272
Free-cash
59 527
60 328
50 128
63 048

Estimated living cost  is ₴4272 per week

₴2647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22502
₴36179
₴32688
₴25313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 992
other
-
-
-
3 230
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.

-
-
-
16 319
income
-
-
-
9 177
total
-
-
-
31 718
Employee
18 777
-
54 314
-
health
263
-
761
-
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.

1 314
-
3 802
-
unemployment
187
-
543
-
income
3 233
-
10 114
-
total
4 997
-
15 220
-
Employer
18 777
-
54 314
-
health
263
-
761
-
accident
150
-
435
-
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.

3 192
-
9 233
-
other
939
-
2 715
-
unemployment
187
-
543
-
total
4 731
-
13 687
-
Corporate
44 491
68 000
-
-
income
9 344
14 280
-
-
total
9 344
14 280
-
-
Dividends
35 148
53 720
-
-
withholding
2 460
3 761
-
-
total
2 460
3 761
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 532
18 041
28 907
31 718
After tax
46 468
49 959
39 093
36 282
Living cost
13 780
13 780
13 780
13 780
Free-cash
32 688
36 179
25 313
22 502

Estimated living cost  is ₴13780 per week

₴9736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12280
₴12452
₴9320
₴5999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 187
income
-
-
-
16 996
total
-
-
-
21 183
Employee
48 865
-
59 615
-
health
805
-
953
-
pensions
4 714
-
5 318
-
income
8 808
-
12 807
-
total
14 327
-
19 078
-
Employer
48 865
-
59 615
-
health
928
-
1 133
-
pensions
5 770
-
7 253
-
total
6 698
-
8 386
-
Corporate
12 438
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.

2 363
12 920
-
-
total
2 363
12 920
-
-
Dividends
10 074
55 080
-
-
withholding
755
8 091
-
-
total
755
8 091
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 143
21 011
27 464
21 183
After tax
43 857
46 989
40 536
46 817
Living cost
34 537
34 537
34 537
34 537
Free-cash
9 320
12 452
5 999
12 280

Estimated living cost  is ₴34537 per week

₴25879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4058
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.
₴4319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴45837
₴51149
₴48671
₴48223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 142
pensions

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

-
-
-
2 756
unemployment
-
-
-
74
income
-
-
-
10 200
total
-
-
-
15 172
Employee
9 257
-
64 346
-
health
426
-
857
-
accident

We are using the highest rate at 1.1%.

102
-
205
-
pensions

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

813
-
1 635
-
income
926
-
6 435
-
total
2 267
-
9 132
-
Employer
9 257
-
64 346
-
health
639
-
1 285
-
accident

We are using the highest rate at 1.1%.

102
-
205
-
pensions

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

1 020
-
2 052
-
unemployment
55
-
112
-
total
1 816
-
3 654
-
Corporate
56 927
68 000
-
-
income
5 693
6 800
-
-
total
5 693
6 800
-
-
Dividends
51 234
61 200
-
-
withholding
2 562
3 060
-
-
total
2 562
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 338
9 860
12 786
15 172
After tax
55 662
58 140
55 214
52 828
Living cost
6 991
6 991
6 991
6 991
Free-cash
48 671
51 149
48 223
45 837

Estimated living cost  is ₴6991 per week

₴4081
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10472
₴4645
₴5947
₴10049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 377
pensions
-
-
-
6 059
income
-
-
-
16 416
total
-
-
-
28 852
Employee
47 945
44 161
58 389
-
health
5 981
5 766
6 377
-
pensions
6 059
6 059
6 059
-
income

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

7 229
7 229
7 229
-
total
19 269
19 054
19 665
-
Employer
47 945
44 161
58 389
-
health
3 332
3 070
3 815
-
pensions
3 337
3 074
3 820
-
unemployment
1 726
1 590
1 975
-
total
8 395
7 734
9 610
-
Corporate
11 660
16 105
-
-
income
2 332
3 221
-
-
total
2 332
3 221
-
-
Dividends
9 329
12 885
-
-
income
1 982
2 738
-
-
withholding
1 399
1 932
-
-
total
3 381
4 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 377
34 679
29 275
28 852
After tax
34 623
33 321
38 725
39 148
Living cost
28 676
28 676
28 676
28 676
Free-cash
5 947
4 645
10 049
10 472

Estimated living cost  is ₴28676 per week

₴21153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21561
₴34027
₴29464
₴21716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9 180
social contributions
-
-
-
18 406
solidarity contribution
-
-
-
-
income
-
-
-
6 062
total
-
-
-
33 648
Employee
18 811
-
50 746
-
health
2 539
-
6 851
-
solidarity contribution
-
-
-
-
social contributions
1 223
-
3 298
-
income
2 257
-
6 090
-
total
6 019
-
16 239
-
Employer
18 811
-
50 746
-
health
1 693
-
4 567
-
social contributions
4 703
-
12 687
-
total
6 396
-
17 254
-
Corporate
42 794
68 000
-
-
income
8 131
12 920
-
-
total
8 131
12 920
-
-
Dividends
34 663
55 080
-
-
withholding
5 199
8 262
-
-
total
5 199
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 745
21 182
33 493
33 648
After tax
42 255
46 818
34 507
34 352
Living cost
12 791
12 791
12 791
12 791
Free-cash
29 464
34 027
21 716
21 561

Estimated living cost  is ₴12791 per week

₴8885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11924
₴14460
₴11758
₴8689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
779
municipal
-
-
-
404
social contributions
-
-
-
17 490
national
-
-
-
15 582
total
-
-
-
34 255
Employee
45 960
-
68 000
-
regional
434
-
685
-
national
7 964
-
13 515
-
social contributions
15 498
-
22 930
-
municipal
243
-
360
-
total
24 139
-
37 490
-
Employer
45 960
-
68 000
-
total
-
-
-
-
Corporate
22 040
68 000
-
-
nationa
5 290
16 320
-
-
municipal
860
2 652
-
-
total
6 150
18 972
-
-
Dividends
15 891
49 028
-
-
withholding
4 132
12 747
-
-
total
4 132
12 747
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 421
31 719
37 490
34 255
After tax
33 579
36 281
30 510
33 745
Living cost
21 821
21 821
21 821
21 821
Free-cash
11 758
14 460
8 689
11 924

Estimated living cost  is ₴21821 per week

₴15211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20985
₴31361
₴29752
₴19859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 827
other
-
-
-
-
pensions
-
-
-
13 600
unemployment
-
-
-
118
income
-
-
-
14 992
surtax
-
-
-
2 067
total
-
-
-
35 604
Employee
17 101
-
56 176
-
health
437
-
1 433
-
pensions
1 140
-
3 747
-
unemployment
1 190
-
3 910
-
surtax
56
-
1 889
-
income
2 867
-
13 927
-
other
-
-
-
-
total
5 690
-
24 906
-
Employer
17 101
-
56 176
-
health
778
-
2 555
-
pensions
2 280
-
7 488
-
other
-
-
-
-
unemployment
542
-
1 781
-
total
3 600
-
11 824
-
Corporate
47 299
68 000
-
-
income
12 297
17 680
-
-
total
12 297
17 680
-
-
Dividends
35 001
50 320
-
-
withholding
5 250
7 548
-
-
total
5 250
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 837
25 228
36 730
35 604
After tax
41 163
42 772
31 270
32 396
Living cost
11 411
11 411
11 411
11 411
Free-cash
29 752
31 361
19 859
20 985

Estimated living cost  is ₴11411 per week

₴6978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23222
₴23394
₴23291
₴16941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 187
income
-
-
-
16 996
total
-
-
-
21 183
Employee
32 748
-
59 615
-
health
475
-
953
-
pensions
2 780
-
5 318
-
income
5 898
-
12 807
-
total
9 153
-
19 078
-
Employer
32 748
-
59 615
-
health
622
-
1 133
-
pensions
3 545
-
7 253
-
total
4 167
-
8 386
-
Corporate
31 085
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.

5 906
12 920
-
-
total
5 906
12 920
-
-
Dividends
25 179
55 080
-
-
withholding
1 888
8 091
-
-
total
1 888
8 091
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 114
21 011
27 464
21 183
After tax
46 886
46 989
40 536
46 817
Living cost
23 595
23 595
23 595
23 595
Free-cash
23 291
23 394
16 941
23 222

Estimated living cost  is ₴23595 per week

₴17677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13904
-₴11192
₴6903
₴10532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
153
city
-
-
-
717
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
-
-
-
2 682
pensions
-
-
-
6 257
national
-
-
-
641
total
-
-
-
11 810
Employee
49 486
-
60 864
-
health
112
-
137
-
regional
1 620
-
2 311
-
pensions
4 157
-
5 112
-
unemployment
-
-
-
-
national
234
-
501
-
city
531
-
654
-
total
6 654
-
8 715
-
Employer
49 486
-
60 864
-
health
112
-
137
-
pensions
4 157
-
5 112
-
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.

989
-
1 217
-
unemployment
-
-
-
-
total
5 258
-
6 466
-
Corporate
12 711
68 000
-
-
national
1 081
5 780
-
-
regional
2 688
14 382
-
-
total
3 769
20 162
-
-
Dividends
8 942
47 838
-
-
withholding
3 130
16 743
-
-
total
3 130
16 743
-
-
Income
68 000
68 000
68 000
68 000
Total tax
18 811
36 905
15 181
11 810
After tax
49 189
31 095
52 819
56 190
Living cost
42 286
42 286
42 286
42 286
Free-cash
6 903
-11 192
10 532
13 904

Estimated living cost  is ₴42286 per week

₴27498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13764
₴9945
₴18330
₴21303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
7 539
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.

-
-
-
1 015
income

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

-
-
-
18 459
total
-
-
-
30 546
Employee

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

31 079
-
68 000
-
health

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

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

3 533
-
3 533
-
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.

201
-
1 015
-
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.

3 655
-
18 459
-
total
7 389
-
23 007
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 921
68 000
-
-
trade
6 332
11 662
-
-
chamber of commerce
131
175
-
-
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.

304
561
-
-
income
5 538
10 200
-
-
total
12 305
22 598
-
-
Dividends
24 617
45 402
-
-
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.

328
613
-
-
withholding
5 958
11 154
-
-
total
6 286
11 767
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 980
34 365
23 007
30 546
After tax
42 020
33 635
44 993
37 454
Living cost
23 690
23 690
23 690
23 690
Free-cash
18 330
9 945
21 303
13 764

Estimated living cost  is ₴23690 per week

₴17302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21002
₴16579
₴19633
₴22267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 154
other
-
-
-
2 108
pensions
-
-
-
14 326
social contributions
-
-
-
1 937
income
-
-
-
8 780
surtax
-
-
-
-
total
-
-
-
29 305
Employee
22 133
-
53 980
-
pensions
2 502
-
3 191
-
surtax
-
-
-
-
social contributions
631
-
1 538
-
income
1 306
-
9 292
-
total
4 439
-
14 021
-
Employer
22 133
-
53 980
-
health
1 550
-
4 330
-
pensions
3 636
-
5 474
-
other
764
-
1 867
-
social contributions
67
-
162
-
unemployment
896
-
2 186
-
total
6 913
-
14 019
-
Corporate
38 956
68 000
-
-
surtax
-
-
-
-
income
10 908
19 040
-
-
total
10 908
19 040
-
-
Dividends
28 048
48 960
-
-
social contributions
4 824
8 421
-
-
surtax
-
-
-
-
withholding
3 590
6 267
-
-
total
8 414
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 674
33 728
28 040
29 305
After tax
37 326
34 272
39 960
38 695
Living cost
17 693
17 693
17 693
17 693
Free-cash
19 633
16 579
22 267
21 002

Estimated living cost  is ₴17693 per week

₴11156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22755
₴18332
₴21206
₴24020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 154
other
-
-
-
2 108
pensions
-
-
-
14 326
social contributions
-
-
-
1 937
income
-
-
-
8 780
surtax
-
-
-
-
total
-
-
-
29 305
Employee
19 757
-
53 980
-
pensions
2 235
-
3 191
-
surtax
-
-
-
-
social contributions
563
-
1 538
-
income
1 019
-
9 292
-
total
3 817
-
14 021
-
Employer
19 757
-
53 980
-
health
1 383
-
4 330
-
pensions
3 246
-
5 474
-
other
682
-
1 867
-
social contributions
59
-
162
-
unemployment
800
-
2 186
-
total
6 170
-
14 019
-
Corporate
42 074
68 000
-
-
surtax
-
-
-
-
income
11 780
19 040
-
-
total
11 780
19 040
-
-
Dividends
30 293
48 960
-
-
social contributions
5 210
8 421
-
-
surtax
-
-
-
-
withholding
3 877
6 267
-
-
total
9 087
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 854
33 728
28 040
29 305
After tax
37 146
34 272
39 960
38 695
Living cost
15 940
15 940
15 940
15 940
Free-cash
21 206
18 332
24 020
22 755

Estimated living cost  is ₴15940 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32703
₴30520
₴30790
₴31979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 747
social contributions
-
-
-
9 384
income
-
-
-
10 200
total
-
-
-
24 331
Employee
17 534
-
68 000
-
health
1 224
-
4 747
-
social contributions
2 420
-
9 384
-
income
2 924
-
10 924
-
total
6 568
-
25 055
-
Employer
17 534
-
68 000
-
total
-
-
-
-
Corporate
50 466
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%.

2 523
3 400
-
-
total
2 523
3 400
-
-
Dividends
47 943
64 600
-
-
social contributions
6 616
8 915
-
-
health
3 346
4 509
-
-
withholding
7 191
9 690
-
-
total
17 153
23 114
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 244
26 514
25 055
24 331
After tax
41 756
41 486
42 945
43 669
Living cost
10 966
10 966
10 966
10 966
Free-cash
30 790
30 520
31 979
32 703

Estimated living cost  is ₴10966 per week

₴7339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16024
₴19624
₴18824
₴315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 621
pensions
-
-
-
11 177
unemployment
-
-
-
3 172
income
-
-
-
14 410
chamber of commerce
-
-
-
272
surtax
-
-
-
102
total
-
-
-
33 754
Employee
25 844
20 609
52 723
-
health
1 000
798
2 040
-
pensions
2 647
2 110
5 398
-
unemployment
775
618
1 582
-
income
2 942
1 520
11 951
-
other
258
206
527
-
total
7 622
5 252
21 498
-
Employer
25 844
20 609
52 723
-
payroll
775
618
1 582
-
health
976
779
1 993
-
surtax
102
102
102
-
accident
336
268
685
-
pensions
3 243
2 587
6 616
-
chamber of commerce
103
82
211
-
other
1 228
978
2 504
-
unemployment
775
618
1 582
-
total
7 538
6 032
15 275
-
Corporate
34 617
41 358
50 761
-
income

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

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

8 655
10 340
12 690
-
total
8 655
10 340
12 690
-
Dividends
25 962
31 018
-
-
withholding
7 139
8 530
-
-
total
7 139
8 530
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 954
30 154
49 463
33 754
After tax
37 046
37 846
18 537
34 246
Living cost
18 222
18 222
18 222
18 222
Free-cash
18 824
19 624
315
16 024

Estimated living cost  is ₴18222 per week

₴12153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1554
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.
₴4215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11413
₴19222
₴11466
₴6374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 764
national
-
-
-
23 533
communal

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

-
-
-
3 434
total
-
-
-
37 731
Employee

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

36 991
-
52 668
-
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.

1 738
-
2 475
-
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.

2 774
-
3 950
-
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.

322
-
458
-
national
11 373
-
17 808
-
communal

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

1 929
-
2 747
-
total
18 136
-
27 438
-
Employer

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

36 991
-
52 668
-
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.

2 275
-
3 239
-
surtax
4 194
-
5 973
-
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.

481
-
685
-
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.

3 278
-
4 666
-
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.

540
-
769
-
total
10 768
-
15 332
-
Corporate
20 241
68 000
-
-
surtax
80
272
-
-
income
4 048
13 600
-
-
total
4 128
13 872
-
-
Dividends
16 113
54 128
-
-
withholding

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

4 646
16 050
-
-
total
4 646
16 050
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 678
29 922
42 770
37 731
After tax
30 322
38 078
25 230
30 269
Living cost
18 856
18 856
18 856
18 856
Free-cash
11 466
19 222
6 374
11 413

Estimated living cost  is ₴18856 per week

₴12145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴19323
₴26930
₴22984
₴16837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
15 621
total
-
-
-
30 001
Employee
25 742
-
52 719
-
pensions
1 210
-
2 253
-
unemployment
399
-
743
-
other
26
-
48
-
income
5 431
-
14 162
-
total
7 066
-
17 206
-
Employer
25 742
-
52 719
-
accident
509
-
949
-
pensions
6 075
-
11 312
-
other
205
-
384
-
unemployment
1 416
-
2 636
-
total
8 205
-
15 281
-
Corporate
34 053
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.

5 108
10 200
-
-
total
5 108
10 200
-
-
Dividends
28 945
57 800
-
-
withholding
5 961
12 194
-
-
total
5 961
12 194
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 340
22 394
32 487
30 001
After tax
41 660
45 606
35 513
37 999
Living cost
18 676
18 676
18 676
18 676
Free-cash
22 984
26 930
16 837
19 323

Estimated living cost  is ₴18676 per week

₴13753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8103
₴12791
₴7531
₴10811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 778
accident
-
-
-
573
pensions
-
-
-
10 192
communal
-
-
-
4 297
income
-
-
-
8 583
surtax
-
-
-
3 371
total
-
-
-
31 794
Employee
39 162
-
60 741
-
health
1 743
-
2 704
-
pensions
3 133
-
4 860
-
surtax
2 400
-
3 722
-
income
3 783
-
10 540
-
total
11 059
-
21 826
-
Employer
39 162
-
60 741
-
health
1 194
-
1 853
-
accident
352
-
547
-
pensions
3 133
-
4 860
-
total
4 679
-
7 260
-
Corporate
24 158
68 000
-
-
communal
1 631
4 590
-
-
surtax
254
714
-
-
income
3 624
10 200
-
-
total
5 509
15 504
-
-
Dividends
18 649
52 495
-
-
income
8 322
3 728
-
-
withholding
2 797
7 874
-
-
total
11 119
11 602
-
-
Income
68 000
68 000
68 000
68 000
Total tax
32 366
27 106
29 086
31 794
After tax
35 634
40 894
38 914
36 206
Living cost
28 103
28 103
28 103
28 103
Free-cash
7 531
12 791
10 811
8 103

Estimated living cost  is ₴28103 per week

₴21082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20781
₴31157
₴29511
₴19655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 827
other
-
-
-
-
pensions
-
-
-
13 600
unemployment
-
-
-
118
income
-
-
-
14 992
surtax
-
-
-
2 067
total
-
-
-
35 604
Employee
17 415
-
56 176
-
health
445
-
1 433
-
pensions
1 162
-
3 747
-
unemployment
1 212
-
3 910
-
surtax
62
-
1 889
-
income
2 920
-
13 927
-
other
-
-
-
-
total
5 801
-
24 906
-
Employer
17 415
-
56 176
-
health
792
-
2 555
-
pensions
2 322
-
7 488
-
other
-
-
-
-
unemployment
553
-
1 781
-
total
3 667
-
11 824
-
Corporate
46 918
68 000
-
-
income
12 198
17 680
-
-
total
12 198
17 680
-
-
Dividends
34 720
50 320
-
-
withholding
5 208
7 548
-
-
total
5 208
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 874
25 228
36 730
35 604
After tax
41 126
42 772
31 270
32 396
Living cost
11 615
11 615
11 615
11 615
Free-cash
29 511
31 157
19 655
20 781

Estimated living cost  is ₴11615 per week

₴7013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴19568
₴21811
₴20664
₴16349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 025
municipal
-
-
-
404
social contributions
-
-
-
17 490
national
-
-
-
15 582
total
-
-
-
34 501
Employee
28 686
-
68 000
-
regional
386
-
915
-
national
4 545
-
13 515
-
social contributions
9 673
-
22 930
-
municipal
152
-
360
-
total
14 756
-
37 720
-
Employer
28 686
-
68 000
-
total
-
-
-
-
Corporate
39 314
68 000
-
-
nationa
9 435
16 320
-
-
municipal
1 954
3 380
-
-
total
11 389
19 700
-
-
Dividends
27 925
48 300
-
-
withholding
7 260
12 558
-
-
total
7 260
12 558
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 405
32 258
37 720
34 501
After tax
34 595
35 742
30 280
33 499
Living cost
13 931
13 931
13 931
13 931
Free-cash
20 664
21 811
16 349
19 568

Estimated living cost  is ₴13931 per week

₴8663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18590
₴31056
₴25433
₴18745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9 180
social contributions
-
-
-
18 406
solidarity contribution
-
-
-
-
income
-
-
-
6 062
total
-
-
-
33 648
Employee
23 180
-
50 746
-
health
3 129
-
6 851
-
solidarity contribution
-
-
-
-
social contributions
1 507
-
3 298
-
income
2 782
-
6 090
-
total
7 418
-
16 239
-
Employer
23 180
-
50 746
-
health
2 086
-
4 567
-
social contributions
5 795
-
12 687
-
total
7 881
-
17 254
-
Corporate
36 939
68 000
-
-
income
7 018
12 920
-
-
total
7 018
12 920
-
-
Dividends
29 921
55 080
-
-
withholding
4 488
8 262
-
-
total
4 488
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 805
21 182
33 493
33 648
After tax
41 195
46 818
34 507
34 352
Living cost
15 762
15 762
15 762
15 762
Free-cash
25 433
31 056
18 745
18 590

Estimated living cost  is ₴15762 per week

₴11722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17849
₴21403
₴21146
₴2053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 621
pensions
-
-
-
11 177
unemployment
-
-
-
3 172
income
-
-
-
14 410
chamber of commerce
-
-
-
272
surtax
-
-
-
-
total
-
-
-
33 652
Employee
22 606
20 609
52 805
-
health
874
798
2 043
-
pensions
2 315
2 110
5 407
-
unemployment
678
618
1 584
-
income
2 014
1 520
11 980
-
other
226
206
528
-
total
6 107
5 252
21 542
-
Employer
22 606
20 609
52 805
-
payroll
678
618
1 584
-
health
855
779
1 996
-
surtax
-
-
-
-
accident
293
268
686
-
pensions
2 837
2 587
6 627
-
chamber of commerce
90
82
211
-
other
1 074
978
2 507
-
unemployment
678
618
1 584
-
total
6 505
5 930
15 195
-
Corporate
38 889
41 460
50 842
-
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.

9 722
10 365
12 711
-
total
9 722
10 365
12 711
-
Dividends
29 167
31 095
-
-
withholding
8 021
8 551
-
-
total
8 021
8 551
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 355
30 098
49 448
33 652
After tax
37 645
37 902
18 552
34 348
Living cost
16 499
16 499
16 499
16 499
Free-cash
21 146
21 403
2 053
17 849

Estimated living cost  is ₴16499 per week

₴9897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1685
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.
₴4622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60663
₴57943
₴56695
₴47743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 321
-
68 000
-
income
1 664
-
13 600
-
total
1 664
-
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%.

59 679
68 000
-
-
total
-
-
-
-
Dividends
59 679
68 000
-
-
withholding
2 984
3 400
-
-
total
2 984
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 648
3 400
13 600
680
After tax
63 352
64 600
54 400
67 320
Living cost
6 657
6 657
6 657
6 657
Free-cash
56 695
57 943
47 743
60 663

Estimated living cost  is ₴6657 per week

₴4505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20513
₴32947
₴28620
₴18648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 691
pensions
-
-
-
12 418
unemployment
-
-
-
102
income
-
-
-
14 405
total
-
-
-
33 616
Employee

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

22 868
-
58 839
-
health
1 477
-
3 801
-
pensions
3 545
-
9 120
-
unemployment
32
-
82
-
income
3 944
-
13 317
-
total
8 998
-
26 320
-
Employer

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

22 868
-
58 839
-
health
1 523
-
3 919
-
pensions
2 024
-
5 207
-
unemployment
14
-
35
-
total
3 561
-
9 161
-
Corporate
41 572
68 000
-
-
income
7 899
12 920
-
-
total
7 899
12 920
-
-
Dividends
33 673
55 080
-
-
withholding
5 051
8 262
-
-
total
5 051
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 509
21 182
35 481
33 616
After tax
42 491
46 818
32 519
34 384
Living cost
13 871
13 871
13 871
13 871
Free-cash
28 620
32 947
18 648
20 513

Estimated living cost  is ₴13871 per week

₴9519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23470
₴17848
-₴13286
₴37305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 752
income
-
-
-
13 255
total
-
-
-
21 007
Employee
33 728
-
-
-
social contributions
2 766
-
394
-
income
7 440
-
-
-
total
10 206
-
394
-
Employer
33 728
-
-
-
social contributions
47 557
-
6 778
-
total
47 557
-
6 778
-
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
57 763
26 629
7 172
21 007
After tax
10 237
41 371
60 828
46 993
Living cost
23 523
23 523
23 523
23 523
Free-cash
-13 286
17 848
37 305
23 470

Estimated living cost  is ₴23523 per week

₴15262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2212
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20974
₴22458
₴21937
₴16523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
23 630
income
-
-
-
7 175
surtax
-
-
-
-
total
-
-
-
30 805
Employee
23 784
-
54 950
-
surtax
-
-
-
-
social contributions
2 616
-
6 044
-
income
4 947
-
16 162
-
total
7 563
-
22 206
-
Employer
23 784
-
54 950
-
social contributions
5 649
-
13 050
-
total
5 649
-
13 050
-
Corporate
38 567
68 000
-
-
surtax
-
-
-
-
income
8 099
14 280
-
-
total
8 099
14 280
-
-
Dividends
30 468
53 720
-
-
withholding
8 531
15 041
-
-
total
8 531
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 842
29 321
35 256
30 805
After tax
38 158
38 679
32 744
37 195
Living cost
16 221
16 221
16 221
16 221
Free-cash
21 937
22 458
16 523
20 974

Estimated living cost  is ₴16221 per week

₴12137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13718
₴9295
₴12851
₴14983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 154
other
-
-
-
2 108
pensions
-
-
-
14 326
social contributions
-
-
-
1 937
income
-
-
-
8 780
surtax
-
-
-
-
total
-
-
-
29 305
Employee
32 389
-
53 980
-
pensions
3 663
-
3 191
-
surtax
-
-
-
-
social contributions
922
-
1 538
-
income
2 826
-
9 292
-
total
7 411
-
14 021
-
Employer
32 389
-
53 980
-
health
2 267
-
4 330
-
pensions
5 322
-
5 474
-
other
1 118
-
1 867
-
social contributions
97
-
162
-
unemployment
1 312
-
2 186
-
total
10 116
-
14 019
-
Corporate
25 495
68 000
-
-
surtax
-
-
-
-
income
7 138
19 040
-
-
total
7 138
19 040
-
-
Dividends
18 356
48 960
-
-
social contributions
3 158
8 421
-
-
surtax
-
-
-
-
withholding
2 349
6 267
-
-
total
5 507
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 172
33 728
28 040
29 305
After tax
37 828
34 272
39 960
38 695
Living cost
24 977
24 977
24 977
24 977
Free-cash
12 851
9 295
14 983
13 718

Estimated living cost  is ₴24977 per week

₴16904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35331
₴45655
₴43919
₴37139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 164
social contributions
-
-
-
14 960
total
-
-
-
17 124
Employee
16 625
-
58 874
-
social contributions
1 080
-
3 827
-
income
-
-
2 364
-
total
1 080
-
6 191
-
Employer
16 625
-
58 874
-
social contributions
2 577
-
9 125
-
total
2 577
-
9 125
-
Corporate
48 798
68 000
-
-
income
4 879
6 800
-
-
total
4 879
6 800
-
-
Dividends
43 918
61 200
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
8 536
6 800
15 316
17 124
After tax
59 464
61 200
52 684
50 876
Living cost
15 545
15 545
15 545
15 545
Free-cash
43 919
45 655
37 139
35 331

Estimated living cost  is ₴15545 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16563
-₴44502
-₴44502
-₴44502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 483
labour market
-
-
-
5 404
national
-
-
-
7 234
pensions
-
-
-
448
total
-
-
-
26 569
Employee
104 960
104 960
104 960
-
pensions
149
149
149
-
labour market
8 385
8 385
8 385
-
national
12 823
12 823
12 823
-
municipal
22 351
22 351
22 351
-
total
43 708
43 708
43 708
-
Employer
104 960
104 960
104 960
-
municipal
22 386
22 386
22 386
-
labour market
8 397
8 397
8 397
-
national
12 845
12 845
12 845
-
pensions
298
298
298
-
total
43 926
43 926
43 926
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
87 634
87 634
87 634
26 569
After tax
-19 634
-19 634
-19 634
41 431
Living cost
24 868
24 868
24 868
24 868
Free-cash
-44 502
-44 502
-44 502
16 563

Estimated living cost  is ₴24868 per week

₴17020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2200
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35267
-₴5796
₴3775
₴24794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
17 797
total
-
-
-
21 429
Employee
17 782
-
59 791
-
health
2 036
-
6 846
-
pensions
2 002
-
3 979
-
income
2 439
-
12 868
-
total
6 477
-
23 693
-
Employer
17 782
-
59 791
-
accident
297
-
999
-
pensions
2 891
-
5 745
-
unemployment
436
-
1 465
-
total
3 624
-
8 209
-
Corporate
46 594
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.

41 935
61 200
-
-
total
41 935
61 200
-
-
Dividends
4 660
6 800
-
-
withholding
885
1 292
-
-
total
885
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 921
62 492
31 902
21 429
After tax
15 079
5 508
36 098
46 571
Living cost
11 304
11 304
11 304
11 304
Free-cash
3 775
-5 796
24 794
35 267

Estimated living cost  is ₴11304 per week

₴8228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26610
₴24115
₴24431
₴17284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
831
municipal
-
-
-
12 090
national
-
-
-
8 615
total
-
-
-
21 536
Employee
27 208
-
57 205
-
health
203
-
665
-
pensions
1 836
-
3 862
-
unemployment
408
-
858
-
national
449
-
5 353
-
municipal
4 456
-
9 328
-
total
7 352
-
20 066
-
Employer
27 208
-
57 205
-
health
209
-
441
-
accident
27
-
57
-
pensions
4 720
-
9 926
-
unemployment
177
-
372
-
total
5 133
-
10 796
-
Corporate
35 659
68 000
-
-
income
7 132
13 600
-
-
total
7 132
13 600
-
-
Dividends

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

21 395
40 800
-
-
national
247
3 087
-
-
municipal
3 851
7 344
-
-
total
4 098
10 431
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 715
24 031
30 862
21 536
After tax
44 285
43 969
37 138
46 464
Living cost
19 854
19 854
19 854
19 854
Free-cash
24 431
24 115
17 284
26 610

Estimated living cost  is ₴19854 per week

₴12969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1910
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.
₴4661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35613
₴37709
₴34895
₴34901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 734
social contributions
-
-
-
8 367
income
-
-
-
10 313
total
-
-
-
20 414
Employee
39 765
39 765
62 394
-
health
308
676
1 061
-
social contributions
1 503
3 300
4 451
-
income
4 330
3 681
10 009
-
total
6 141
7 657
15 521
-
Employer
39 765
39 765
62 394
-
health
335
736
1 154
-
social contributions
1 503
3 300
4 451
-
total
1 838
4 036
5 605
-
Corporate
48 047
24 198
-
-
income
6 006
3 025
-
-
total
6 006
3 025
-
-
Dividends
42 041
21 174
-
-
withholding
7 147
3 600
-
-
total
7 147
3 600
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 132
18 318
21 126
20 414
After tax
46 868
49 682
46 874
47 586
Living cost
11 973
11 973
11 973
11 973
Free-cash
34 895
37 709
34 901
35 613

Estimated living cost  is ₴11973 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47885
₴48100
₴45468
₴37513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 871
pensions
-
-
-
3 290
unemployment
-
-
-
15
income
-
-
-
6 728
total
-
-
-
11 904
Employee

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

11 870
-
62 946
-
health
1 009
-
4 171
-
pensions
1 780
-
7 360
-
unemployment
59
-
245
-
income
812
-
5 446
-
total
3 660
-
17 222
-
Employer

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

11 870
-
62 946
-
health
510
-
2 110
-
pensions
653
-
2 699
-
unemployment
59
-
245
-
total
1 222
-
5 054
-
Corporate
54 908
68 000
-
-
income
4 942
6 120
-
-
total
4 942
6 120
-
-
Dividends
49 966
61 880
-
-
withholding
4 497
5 569
-
-
total
4 497
5 569
-
-
Income
68 000
68 000
68 000
68 000
Total tax
14 321
11 689
22 276
11 904
After tax
53 679
56 311
45 724
56 096
Living cost
8 211
8 211
8 211
8 211
Free-cash
45 468
48 100
37 513
47 885

Estimated living cost  is ₴8211 per week

₴5239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23778
₴31385
₴28847
₴21292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
15 621
total
-
-
-
30 001
Employee
19 122
-
52 719
-
pensions
899
-
2 253
-
unemployment
296
-
743
-
other
19
-
48
-
income
3 686
-
14 162
-
total
4 900
-
17 206
-
Employer
19 122
-
52 719
-
accident
379
-
949
-
pensions
4 512
-
11 312
-
other
153
-
384
-
unemployment
1 052
-
2 636
-
total
6 096
-
15 281
-
Corporate
42 782
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.

6 417
10 200
-
-
total
6 417
10 200
-
-
Dividends
36 365
57 800
-
-
withholding
7 519
12 194
-
-
total
7 519
12 194
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 932
22 394
32 487
30 001
After tax
43 068
45 606
35 513
37 999
Living cost
14 221
14 221
14 221
14 221
Free-cash
28 847
31 385
21 292
23 778

Estimated living cost  is ₴14221 per week

₴9599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42663
₴41464
₴41305
₴42595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
512
pensions
-
-
-
706
income
-
-
-
23 151
total
-
-
-
24 369
Employee
1 474
-
67 206
-
health
74
-
176
-
pensions
133
-
318
-
unemployment
15
-
35
-
income
285
-
23 114
-
total
507
-
23 643
-
Employer
1 474
-
67 206
-
health
140
-
335
-
pensions
162
-
388
-
unemployment
29
-
71
-
total
331
-
794
-
Corporate
66 194
68 000
-
-
income
14 563
14 960
-
-
total
14 563
14 960
-
-
Dividends
51 632
53 040
-
-
withholding
10 326
10 608
-
-
total
10 326
10 608
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 727
25 568
24 437
24 369
After tax
42 273
42 432
43 563
43 631
Living cost
968
968
968
968
Free-cash
41 305
41 464
42 595
42 663

Estimated living cost  is ₴968 per week

₴575
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.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29817
₴40207
₴37668
₴29817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 928
pensions
-
-
-
9 915
unemployment
-
-
-
572
income
-
-
-
14 845
total
-
-
-
29 260
Employee

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

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

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

13 456
-
61 174
-
health
693
-
1 964
-
pensions
1 884
-
5 339
-
unemployment
101
-
286
-
income
1 855
-
14 845
-
total
4 533
-
22 434
-
Employer

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

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

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

13 456
-
61 174
-
health
693
-
1 964
-
pensions
1 615
-
4 576
-
unemployment
101
-
286
-
total
2 409
-
6 826
-
Corporate
52 135
68 000
-
-
income
7 820
10 200
-
-
total
7 820
10 200
-
-
Dividends
44 315
57 800
-
-
withholding
6 647
8 670
-
-
total
6 647
8 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 409
18 870
29 260
29 260
After tax
46 591
49 130
38 740
38 740
Living cost
8 923
8 923
8 923
8 923
Free-cash
37 668
40 207
29 817
29 817

Estimated living cost  is ₴8923 per week

₴6008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23253
₴24737
₴24550
₴18802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
23 630
income
-
-
-
7 175
surtax
-
-
-
-
total
-
-
-
30 805
Employee
20 071
-
54 950
-
surtax
-
-
-
-
social contributions
2 208
-
6 044
-
income
3 922
-
16 162
-
total
6 130
-
22 206
-
Employer
20 071
-
54 950
-
social contributions
4 766
-
13 050
-
total
4 766
-
13 050
-
Corporate
43 162
68 000
-
-
surtax
-
-
-
-
income
9 064
14 280
-
-
total
9 064
14 280
-
-
Dividends
34 098
53 720
-
-
withholding
9 548
15 041
-
-
total
9 548
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 508
29 321
35 256
30 805
After tax
38 492
38 679
32 744
37 195
Living cost
13 942
13 942
13 942
13 942
Free-cash
24 550
24 737
18 802
23 253

Estimated living cost  is ₴13942 per week

₴9874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19824
₴27431
₴23661
₴17338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
15 621
total
-
-
-
30 001
Employee
24 975
-
52 719
-
pensions
1 174
-
2 253
-
unemployment
387
-
743
-
other
25
-
48
-
income
5 216
-
14 162
-
total
6 802
-
17 206
-
Employer
24 975
-
52 719
-
accident
495
-
949
-
pensions
5 894
-
11 312
-
other
200
-
384
-
unemployment
1 374
-
2 636
-
total
7 963
-
15 281
-
Corporate
35 062
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.

5 259
10 200
-
-
total
5 259
10 200
-
-
Dividends
29 803
57 800
-
-
withholding
6 140
12 194
-
-
total
6 140
12 194
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 164
22 394
32 487
30 001
After tax
41 836
45 606
35 513
37 999
Living cost
18 175
18 175
18 175
18 175
Free-cash
23 661
27 431
17 338
19 824

Estimated living cost  is ₴18175 per week

₴13052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
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.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43656
₴48968
₴45720
₴46042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 142
pensions

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

-
-
-
2 756
unemployment
-
-
-
74
income
-
-
-
10 200
total
-
-
-
15 172
Employee
12 145
-
64 346
-
health
559
-
857
-
accident

We are using the highest rate at 1.1%.

133
-
205
-
pensions

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

1 066
-
1 635
-
income
1 215
-
6 435
-
total
2 973
-
9 132
-
Employer
12 145
-
64 346
-
health
838
-
1 285
-
accident

We are using the highest rate at 1.1%.

133
-
205
-
pensions

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

1 338
-
2 052
-
unemployment
73
-
112
-
total
2 382
-
3 654
-
Corporate
53 472
68 000
-
-
income
5 347
6 800
-
-
total
5 347
6 800
-
-
Dividends
48 125
61 200
-
-
withholding
2 406
3 060
-
-
total
2 406
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 108
9 860
12 786
15 172
After tax
54 892
58 140
55 214
52 828
Living cost
9 172
9 172
9 172
9 172
Free-cash
45 720
48 968
46 042
43 656

Estimated living cost  is ₴9172 per week

₴6066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴18720
₴15068
₴21833
₴25028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
6 308
surtax

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

-
-
-
1 015
income

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

-
-
-
18 459
total
-
-
-
29 315
Employee

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

25 731
-
68 000
-
health

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

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

3 533
-
3 533
-
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
-
1 015
-
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.

2 116
-
18 459
-
total
5 766
-
23 007
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 269
68 000
-
-
trade
6 066
9 758
-
-
chamber of commerce
140
179
-
-
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.

348
561
-
-
income
6 341
10 200
-
-
total
12 895
20 698
-
-
Dividends
29 374
47 302
-
-
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.

394
640
-
-
withholding
7 147
11 629
-
-
total
7 541
12 269
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 202
32 967
23 007
29 315
After tax
41 798
35 033
44 993
38 685
Living cost
19 965
19 965
19 965
19 965
Free-cash
21 833
15 068
25 028
18 720

Estimated living cost  is ₴19965 per week

₴13772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13499
₴18142
₴19284
₴13499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 652
social contributions
-
-
-
6 391
total
-
-
-
25 043
Employee
40 452
-
68 000
-
social contributions
3 361
-
6 391
-
income
7 633
-
18 652
-
total
10 994
-
25 043
-
Employer
40 452
-
68 000
-
total
-
-
-
-
Corporate
27 548
68 000
-
-
income
3 444
8 500
-
-
total
3 444
8 500
-
-
Dividends
24 105
59 500
-
-
withholding
4 820
11 900
-
-
total
4 820
11 900
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 258
20 400
25 043
25 043
After tax
48 742
47 600
42 957
42 957
Living cost
29 458
29 458
29 458
29 458
Free-cash
19 284
18 142
13 499
13 499

Estimated living cost  is ₴29458 per week

₴22411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31301
₴22696
₴24503
₴30986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 720
health

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

-
-
-
3 207
total
-
-
-
17 927
Employee
23 723
-
65 621
-
social contributions
2 377
-
2 379
-
income
2 574
-
13 484
-
total
4 951
-
15 863
-
Employer
23 723
-
65 621
-
social contributions
2 377
-
2 379
-
total
2 377
-
2 379
-
Corporate
41 900
68 000
-
-
income
14 665
23 800
-
-
total
14 665
23 800
-
-
Dividends
27 235
44 200
-
-
social contributions
2 732
2 732
-
-
total
2 732
2 732
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 725
26 532
18 242
17 927
After tax
43 275
41 468
49 758
50 073
Living cost
18 772
18 772
18 772
18 772
Free-cash
24 503
22 696
30 986
31 301

Estimated living cost  is ₴18772 per week

₴12365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27635
₴27807
₴28854
₴21354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 187
income
-
-
-
16 996
total
-
-
-
21 183
Employee
26 330
-
59 615
-
health
343
-
953
-
pensions
2 010
-
5 318
-
income
4 795
-
12 807
-
total
7 148
-
19 078
-
Employer
26 330
-
59 615
-
health
500
-
1 133
-
pensions
2 660
-
7 253
-
total
3 160
-
8 386
-
Corporate
38 510
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.

7 317
12 920
-
-
total
7 317
12 920
-
-
Dividends
31 192
55 080
-
-
withholding
2 339
8 091
-
-
total
2 339
8 091
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 964
21 011
27 464
21 183
After tax
48 036
46 989
40 536
46 817
Living cost
19 182
19 182
19 182
19 182
Free-cash
28 854
27 807
21 354
27 635

Estimated living cost  is ₴19182 per week

₴13159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴34148
-₴6915
₴3604
₴23675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
17 797
total
-
-
-
21 429
Employee
19 542
-
59 791
-
health
2 237
-
6 846
-
pensions
2 200
-
3 979
-
income
2 681
-
12 868
-
total
7 118
-
23 693
-
Employer
19 542
-
59 791
-
accident
326
-
999
-
pensions
3 177
-
5 745
-
unemployment
479
-
1 465
-
total
3 982
-
8 209
-
Corporate
44 476
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.

40 028
61 200
-
-
total
40 028
61 200
-
-
Dividends
4 448
6 800
-
-
withholding
845
1 292
-
-
total
845
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
51 973
62 492
31 902
21 429
After tax
16 027
5 508
36 098
46 571
Living cost
12 423
12 423
12 423
12 423
Free-cash
3 604
-6 915
23 675
34 148

Estimated living cost  is ₴12423 per week

₴9117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
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.
₴2332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31458
₴50244
₴47827
₴38797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
5 032
work injury
-
-
-
340
pensions
-
-
-
12 512
unemployment
-
-
-
816
income
-
-
-
10 864
total
-
-
-
29 564
Employee

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

11 165
-
68 000
-
pensions
2 054
-
7 601
-
work injury
56
-
207
-
unemployment
134
-
496
-
health insurance
826
-
3 057
-
income
1 117
-
10 864
-
total
4 187
-
22 225
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 835
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%.

568
680
-
-
total
568
680
-
-
Dividends
56 266
67 320
-
-
withholding
8 440
10 098
-
-
total
8 440
10 098
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 195
10 778
22 225
29 564
After tax
54 805
57 222
45 775
38 436
Living cost
6 978
6 978
6 978
6 978
Free-cash
47 827
50 244
38 797
31 458

Estimated living cost  is ₴6978 per week

₴4323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12364
₴15215
₴12862
₴9253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 508
municipal
-
-
-
454
social contributions
-
-
-
17 490
national
-
-
-
15 582
total
-
-
-
35 034
Employee
43 577
-
68 000
-
regional
658
-
1 295
-
national
7 364
-
13 515
-
social contributions
14 694
-
22 930
-
municipal
260
-
405
-
total
22 976
-
38 145
-
Employer
43 577
-
68 000
-
total
-
-
-
-
Corporate
24 423
68 000
-
-
nationa
5 862
16 320
-
-
municipal
1 178
3 278
-
-
total
7 040
19 598
-
-
Dividends
17 383
48 402
-
-
withholding
4 520
12 585
-
-
total
4 520
12 585
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 536
32 183
38 145
35 034
After tax
33 464
35 817
29 855
32 966
Living cost
20 602
20 602
20 602
20 602
Free-cash
12 862
15 215
9 253
12 364

Estimated living cost  is ₴20602 per week

₴14471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
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.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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