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
₴19479
₴29773
₴22652
₴24900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
income

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

-
-
-
18 986
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.

-
-
-
1 045
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.

-
-
-
3 349
trade
-
-
-
7 121
total
-
-
-
30 501
Employee

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

18 749
-
68 000
-
surtax

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

29
-
1 045
-
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.

524
-
18 986
-
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.

3 349
-
3 349
-
total
3 902
-
23 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 251
68 000
-
-
income
7 388
10 200
-
-
surtax

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

407
561
-
-
chamber of commerce
145
172
-
-
trade
7 757
10 710
-
-
total
15 697
21 643
-
-
Dividends
33 555
46 358
-
-
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.

451
627
-
-
withholding
8 203
11 404
-
-
total
8 654
12 031
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 253
33 674
23 380
30 501
After tax
39 747
34 326
44 620
37 499
Living cost
14 847
14 847
14 847
14 847
Free-cash
24 900
19 479
29 773
22 652

Estimated living cost  is ₴14847 per week

₴9339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16478
₴15097
₴14563
₴16045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
731
municipal
-
-
-
7 292
national
-
-
-
11 300
pensions
-
-
-
8 160
total
-
-
-
27 483
Employee
40 234
-
58 785
-
municipal
4 970
-
7 555
-
pensions
1 609
-
2 351
-
national
7 701
-
11 708
-
total
14 280
-
21 614
-
Employer
40 234
-
58 785
-
pensions
3 219
-
4 703
-
social contributions
433
-
632
-
total
3 652
-
5 335
-
Corporate
21 459
68 000
-
-
income

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

4 292
13 600
-
-
total
4 292
13 600
-
-
Dividends
17 167
54 400
-
-
withholding
3 777
11 968
-
-
total
3 777
11 968
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 001
25 568
26 949
27 483
After tax
41 999
42 432
41 051
40 517
Living cost
25 954
25 954
25 954
25 954
Free-cash
16 045
16 478
15 097
14 563

Estimated living cost  is ₴25954 per week

₴17641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44202
₴27914
₴10919
₴40181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
68 000
income
-
-
-
10 762
surtax
-
-
-
17 340
social contributions

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

-
-
-
18 781
microenterprise
-
-
-
-
total
-
-
-
46 883
Employee
14 323
-
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.

1 576
-
6 028
-
income
2 550
-
10 659
-
total
4 126
-
16 687
-
Employer
14 323
-
54 799
-
social contributions

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

3 450
-
13 201
-
surtax
-
-
-
-
total
3 450
-
13 201
-
Corporate
50 226
68 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

10 045
13 600
-
-
total
10 045
13 600
-
-
Dividends

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

40 181
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
17 621
13 600
29 888
46 883
After tax
50 379
54 400
38 112
21 117
Living cost
10 198
10 198
10 198
10 198
Free-cash
40 181
44 202
27 914
10 919

Estimated living cost  is ₴10198 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12857
₴19715
₴18282
₴9854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 395
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
29 183
Employee
41 860
41 860
58 890
-
pensions
7 535
5 743
5 743
-
income

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

6 852
6 852
6 852
-
health
6 425
5 465
6 045
-
total
20 812
18 060
18 640
-
Employer
41 860
41 860
58 890
-
health
2 910
2 910
3 616
-
pensions
2 913
2 913
3 621
-
unemployment
1 507
1 507
1 873
-
total
7 330
7 330
9 110
-
Corporate
19 324
18 810
-
-
income
3 865
3 762
-
-
total
3 865
3 762
-
-
Dividends
15 459
15 048
-
-
income
3 285
3 198
-
-
withholding
2 319
2 258
-
-
total
5 604
5 456
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 611
34 608
27 750
29 183
After tax
30 389
33 392
40 250
38 817
Living cost
20 534
20 534
20 534
20 534
Free-cash
9 854
12 857
19 715
18 282

Estimated living cost  is ₴20534 per week

₴14552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴16954
₴15327
₴15870
₴16501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
88
other
-
-
-
5 138
unemployment
-
-
-
44
health
-
-
-
2 759
municipal
-
-
-
16 458
national
-
-
-
2 689
pensions
-
-
-
4 780
total
-
-
-
31 956
Employee
28 746
-
54 108
-
municipal
8 572
-
16 135
-
national
-
-
2 472
-
total
8 572
-
18 607
-
Employer
28 746
-
54 108
-
health
1 768
-
2 719
-
pensions
3 107
-
4 780
-
accident
58
-
88
-
unemployment
759
-
1 167
-
other
3 340
-
5 138
-
total
9 032
-
13 892
-
Corporate
30 222
68 000
-
-
income
6 649
14 960
-
-
total
6 649
14 960
-
-
Dividends
23 573
53 040
-
-
withholding
7 072
15 912
-
-
total
7 072
15 912
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 325
30 872
32 499
31 956
After tax
36 675
37 128
35 501
36 044
Living cost
20 174
20 174
20 174
20 174
Free-cash
16 501
16 954
15 327
15 870

Estimated living cost  is ₴20174 per week

₴13371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14722
₴25364
₴17927
₴21606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
income

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

-
-
-
18 986
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.

-
-
-
1 045
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.

-
-
-
3 349
trade
-
-
-
7 437
total
-
-
-
30 817
Employee

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

24 858
-
68 000
-
surtax

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

117
-
1 045
-
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.

2 136
-
18 986
-
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.

3 349
-
3 349
-
total
5 602
-
23 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 142
68 000
-
-
income
6 472
10 200
-
-
surtax

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

356
561
-
-
chamber of commerce
136
171
-
-
trade
7 097
11 186
-
-
total
14 061
22 118
-
-
Dividends
29 082
45 882
-
-
surtax

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

390
620
-
-
withholding
7 085
11 284
-
-
total
7 475
11 904
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 138
34 022
23 380
30 817
After tax
40 862
33 978
44 620
37 183
Living cost
19 256
19 256
19 256
19 256
Free-cash
21 606
14 722
25 364
17 927

Estimated living cost  is ₴19256 per week

₴12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33768
₴30851
₴31498
₴31735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 938
social contributions
-
-
-
7 931
health
-
-
-
1 734
total
-
-
-
20 603
Employee
37 693
37 693
62 622
-
social contributions
1 832
3 128
4 219
-
income
3 958
3 489
10 590
-
health
375
641
1 064
-
total
6 165
7 258
15 873
-
Employer
37 693
37 693
62 622
-
health
408
698
1 158
-
social contributions
1 832
3 128
4 219
-
total
2 240
3 826
5 377
-
Corporate
43 696
26 481
-
-
income
5 462
3 310
-
-
total
5 462
3 310
-
-
Dividends
38 234
23 172
-
-
withholding
6 499
3 939
-
-
total
6 499
3 939
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 366
18 333
21 250
20 603
After tax
47 634
49 667
46 750
47 397
Living cost
15 899
15 899
15 899
15 899
Free-cash
31 735
33 768
30 851
31 498

Estimated living cost  is ₴15899 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29267
₴30449
₴38135
₴29454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
56 904
-
unemployment
194
77
854
-
pensions
1 295
515
5 690
-
income
1 583
630
6 956
-
health
907
361
3 983
-
total
3 979
1 583
17 483
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
56 904
-
pensions
2 526
1 005
11 096
-
total
2 526
1 005
11 096
-
Corporate
52 523
61 840
-
-
income
4 727
5 566
-
-
total
4 727
5 566
-
-
Dividends
47 796
56 275
-
-
social contributions
9 261
10 915
-
-
withholding
9 081
10 692
-
-
total
18 342
21 607
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 574
29 761
28 579
20 893
After tax
38 426
38 239
39 421
47 107
Living cost
8 972
8 972
8 972
8 972
Free-cash
29 454
29 267
30 449
38 135

Estimated living cost  is ₴8972 per week

₴6123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42560
₴27355
₴24608
₴39515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 112
health
-
-
-
8 840
pensions
-
-
-
13 600
total
-
-
-
31 552
Employee
13 906
-
50 822
-
unemployment
222
-
813
-
pensions
278
-
1 017
-
income
1 566
-
9 798
-
total
2 066
-
11 628
-
Employer
13 906
-
50 822
-
health
1 807
-
6 606
-
pensions
2 781
-
10 164
-
unemployment
112
-
407
-
total
4 700
-
17 177
-
Corporate
49 394
68 000
-
-
income
9 879
13 600
-
-
total
9 879
13 600
-
-
Dividends
39 515
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
16 645
13 600
28 805
31 552
After tax
51 355
54 400
39 195
36 448
Living cost
11 840
11 840
11 840
11 840
Free-cash
39 515
42 560
27 355
24 608

Estimated living cost  is ₴11840 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5402
₴25345
₴35645
₴3836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
17 991
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
21 445
Employee
17 162
-
60 062
-
pensions
1 933
-
3 784
-
income
2 354
-
13 145
-
health
1 965
-
6 877
-
total
6 252
-
23 806
-
Employer
17 162
-
60 062
-
pensions
2 791
-
5 464
-
accident
286
-
1 003
-
unemployment
420
-
1 472
-
total
3 497
-
7 939
-
Corporate
47 340
68 000
-
-
income

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

42 606
61 200
-
-
total
42 606
61 200
-
-
Dividends
4 734
6 800
-
-
withholding
899
1 292
-
-
total
899
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 254
62 492
31 745
21 445
After tax
14 746
5 508
36 255
46 555
Living cost
10 910
10 910
10 910
10 910
Free-cash
3 836
-5 402
25 345
35 645

Estimated living cost  is ₴10910 per week

₴7996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60591
₴50391
₴63311
₴59840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 011
-
68 000
-
income
1 002
-
13 600
-
total
1 002
-
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%.

62 989
68 000
-
-
total
-
-
-
-
Dividends
62 989
68 000
-
-
withholding
3 149
3 400
-
-
total
3 149
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 151
3 400
13 600
680
After tax
63 849
64 600
54 400
67 320
Living cost
4 009
4 009
4 009
4 009
Free-cash
59 840
60 591
50 391
63 311

Estimated living cost  is ₴4009 per week

₴2484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36898
₴25920
₴23107
₴33588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 290
other
-
-
-
3 230
health
-
-
-
2 992
pensions

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

-
-
-
16 320
total
-
-
-
31 832
Employee
17 798
-
54 314
-
unemployment
178
-
543
-
pensions

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

1 246
-
3 803
-
income
3 064
-
10 228
-
health
249
-
760
-
total
4 737
-
15 334
-
Employer
17 798
-
54 314
-
health
249
-
760
-
pensions

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

3 026
-
9 233
-
accident
142
-
434
-
unemployment
178
-
543
-
other
890
-
2 715
-
total
4 485
-
13 685
-
Corporate
45 716
68 000
-
-
income
9 601
14 280
-
-
total
9 601
14 280
-
-
Dividends
36 116
53 720
-
-
withholding
2 528
3 761
-
-
total
2 528
3 761
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 351
18 041
29 019
31 832
After tax
46 649
49 959
38 981
36 168
Living cost
13 061
13 061
13 061
13 061
Free-cash
33 588
36 898
25 920
23 107

Estimated living cost  is ₴13061 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13815
₴7554
₴13808
₴11616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 529
pensions
-
-
-
4 031
total
-
-
-
21 560
Employee
46 170
-
59 568
-
pensions
4 454
-
5 089
-
income
8 323
-
13 359
-
health
761
-
933
-
total
13 538
-
19 381
-
Employer
46 170
-
59 568
-
health
877
-
1 132
-
pensions
5 451
-
7 301
-
total
6 328
-
8 433
-
Corporate
15 502
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.

2 945
12 920
-
-
total
2 945
12 920
-
-
Dividends
12 556
55 080
-
-
withholding
941
8 633
-
-
total
941
8 633
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 752
21 553
27 814
21 560
After tax
44 248
46 447
40 186
46 440
Living cost
32 632
32 632
32 632
32 632
Free-cash
11 616
13 815
7 554
13 808

Estimated living cost  is ₴32632 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
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.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51717
₴49277
₴46808
₴49441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
14 769
Employee
8 505
-
64 643
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 503
-
income
850
-
6 464
-
health
391
-
787
-
total
2 082
-
8 942
-
Employer
8 505
-
64 643
-
health
587
-
1 181
-
pensions

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

937
-
1 886
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 669
-
3 358
-
Corporate
57 826
68 000
-
-
income
5 783
6 800
-
-
total
5 783
6 800
-
-
Dividends
52 043
61 200
-
-
withholding
2 602
3 060
-
-
total
2 602
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 136
9 860
12 300
14 769
After tax
55 864
58 140
55 700
53 231
Living cost
6 423
6 423
6 423
6 423
Free-cash
49 441
51 717
49 277
46 808

Estimated living cost  is ₴6423 per week

₴3750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6211
₴13069
₴11636
₴7444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 395
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
29 183
Employee
45 446
41 860
58 890
-
pensions
5 743
5 743
5 743
-
income

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

6 852
6 852
6 852
-
health
5 670
5 465
6 045
-
total
18 265
18 060
18 640
-
Employer
45 446
41 860
58 890
-
health
3 158
2 910
3 616
-
pensions
3 163
2 913
3 621
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 330
9 110
-
Corporate
14 597
18 810
-
-
income
2 919
3 762
-
-
total
2 919
3 762
-
-
Dividends
11 678
15 048
-
-
income
2 482
3 198
-
-
withholding
1 752
2 258
-
-
total
4 234
5 456
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 375
34 608
27 750
29 183
After tax
34 625
33 392
40 250
38 817
Living cost
27 181
27 181
27 181
27 181
Free-cash
7 444
6 211
13 069
11 636

Estimated living cost  is ₴27181 per week

₴20051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34638
₴22326
₴22919
₴30293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
6 194
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 901
Employee
17 912
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 299
-
income
2 149
-
6 090
-
health
2 418
-
6 851
-
total
5 731
-
16 240
-
Employer
17 912
-
50 746
-
health
1 612
-
4 567
-
social contributions
4 478
-
12 687
-
total
6 090
-
17 254
-
Corporate
43 998
68 000
-
-
income
8 360
12 920
-
-
total
8 360
12 920
-
-
Dividends
35 638
55 080
-
-
withholding
5 346
8 262
-
-
total
5 346
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 527
21 182
33 494
32 901
After tax
42 473
46 818
34 506
35 099
Living cost
12 180
12 180
12 180
12 180
Free-cash
30 293
34 638
22 326
22 919

Estimated living cost  is ₴12180 per week

₴8460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
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.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15596
₴9631
₴12868
₴13037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
783
municipal
-
-
-
404
national
-
-
-
15 771
total
-
-
-
34 448
Employee
43 564
-
68 000
-
municipal
231
-
361
-
national
7 549
-
13 704
-
regional
411
-
690
-
social contributions
14 690
-
22 930
-
total
22 881
-
37 685
-
Employer
43 564
-
68 000
-
total
-
-
-
-
Corporate
24 436
68 000
-
-
municipal
953
2 652
-
-
nationa
5 864
16 320
-
-
total
6 817
18 972
-
-
Dividends
17 619
49 028
-
-
withholding
4 581
12 748
-
-
total
4 581
12 748
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 279
31 720
37 685
34 448
After tax
33 721
36 280
30 315
33 552
Living cost
20 684
20 684
20 684
20 684
Free-cash
13 037
15 596
9 631
12 868

Estimated living cost  is ₴20684 per week

₴14418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴31955
₴19990
₴21449
₴30430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 688
other
-
-
-
-
surtax
-
-
-
2 205
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
35 734
Employee
16 210
-
56 175
-
other
-
-
-
-
unemployment
1 128
-
3 910
-
pensions
1 081
-
3 747
-
surtax
53
-
1 974
-
income
2 717
-
14 305
-
health
414
-
1 433
-
total
5 393
-
25 369
-
Employer
16 210
-
56 175
-
health
738
-
2 556
-
pensions
2 161
-
7 488
-
unemployment
513
-
1 780
-
other
-
-
-
-
total
3 412
-
11 824
-
Corporate
48 378
68 000
-
-
income
12 578
17 680
-
-
total
12 578
17 680
-
-
Dividends
35 800
50 320
-
-
withholding
5 370
7 548
-
-
total
5 370
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 753
25 228
37 193
35 734
After tax
41 247
42 772
30 807
32 266
Living cost
10 817
10 817
10 817
10 817
Free-cash
30 430
31 955
19 990
21 449

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24153
₴17892
₴24146
₴24816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 529
pensions
-
-
-
4 031
total
-
-
-
21 560
Employee
30 942
-
59 568
-
pensions
2 626
-
5 089
-
income
5 573
-
13 359
-
health
449
-
933
-
total
8 648
-
19 381
-
Employer
30 942
-
59 568
-
health
588
-
1 132
-
pensions
3 349
-
7 301
-
total
3 937
-
8 433
-
Corporate
33 121
68 000
-
-
income

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

6 293
12 920
-
-
total
6 293
12 920
-
-
Dividends
26 828
55 080
-
-
withholding
2 012
8 633
-
-
total
2 012
8 633
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 890
21 553
27 814
21 560
After tax
47 110
46 447
40 186
46 440
Living cost
22 294
22 294
22 294
22 294
Free-cash
24 816
24 153
17 892
24 146

Estimated living cost  is ₴22294 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7641
₴13874
₴17188
₴8935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 360
regional
-
-
-
2 854
health
-
-
-
153
city
-
-
-
716
national
-
-
-
737
pensions
-
-
-
6 256
total
-
-
-
12 076
Employee
45 331
-
60 864
-
unemployment
-
-
-
-
pensions
3 808
-
5 112
-
national
215
-
580
-
regional
1 484
-
2 440
-
city
487
-
654
-
health
102
-
137
-
total
6 096
-
8 923
-
Employer
45 331
-
60 864
-
health
102
-
137
-
pensions
3 808
-
5 112
-
unemployment
-
-
-
-
other

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

906
-
1 218
-
total
4 816
-
6 467
-
Corporate
17 353
68 000
-
-
regional
3 670
14 382
-
-
national
1 475
5 780
-
-
total
5 145
20 162
-
-
Dividends
12 207
47 838
-
-
withholding
4 272
16 743
-
-
total
4 272
16 743
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 329
36 905
15 390
12 076
After tax
47 671
31 095
52 610
55 924
Living cost
38 736
38 736
38 736
38 736
Free-cash
8 935
-7 641
13 874
17 188

Estimated living cost  is ₴38736 per week

₴25190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11172
₴22164
₴14411
₴19120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
income

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

-
-
-
18 986
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.

-
-
-
1 045
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.

-
-
-
3 349
trade
-
-
-
7 753
total
-
-
-
31 133
Employee

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

29 459
-
68 000
-
surtax

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

191
-
1 045
-
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.

3 464
-
18 986
-
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.

3 349
-
3 349
-
total
7 004
-
23 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 541
68 000
-
-
income
5 781
10 200
-
-
surtax

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

318
561
-
-
chamber of commerce
128
170
-
-
trade
6 610
11 662
-
-
total
12 837
22 593
-
-
Dividends
25 703
45 407
-
-
surtax

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

343
614
-
-
withholding
6 240
11 165
-
-
total
6 583
11 779
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 424
34 372
23 380
31 133
After tax
41 576
33 628
44 620
36 867
Living cost
22 456
22 456
22 456
22 456
Free-cash
19 120
11 172
22 164
14 411

Estimated living cost  is ₴22456 per week

₴16401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
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.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17502
₴22652
₴21847
₴20397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 161
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 302
pensions
-
-
-
13 873
total
-
-
-
29 382
Employee
20 979
-
53 716
-
pensions
2 372
-
3 284
-
surtax
-
-
-
-
social contributions
598
-
1 531
-
income
1 238
-
9 477
-
total
4 208
-
14 292
-
Employer
20 979
-
53 716
-
health
1 469
-
4 436
-
pensions
3 446
-
5 609
-
unemployment
849
-
2 176
-
social contributions
63
-
161
-
other
724
-
1 903
-
total
6 551
-
14 285
-
Corporate
40 469
68 000
-
-
income
11 332
19 040
-
-
surtax
-
-
-
-
total
11 332
19 040
-
-
Dividends
29 137
48 960
-
-
surtax
-
-
-
-
social contributions
5 012
8 420
-
-
withholding
3 729
6 267
-
-
total
8 741
14 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 832
33 727
28 577
29 382
After tax
37 168
34 273
39 423
38 618
Living cost
16 771
16 771
16 771
16 771
Free-cash
20 397
17 502
22 652
21 847

Estimated living cost  is ₴16771 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19164
₴24314
₴23509
₴21886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 161
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 302
pensions
-
-
-
13 873
total
-
-
-
29 382
Employee
18 727
-
53 716
-
pensions
2 118
-
3 284
-
surtax
-
-
-
-
social contributions
534
-
1 531
-
income
966
-
9 477
-
total
3 618
-
14 292
-
Employer
18 727
-
53 716
-
health
1 311
-
4 436
-
pensions
3 077
-
5 609
-
unemployment
758
-
2 176
-
social contributions
56
-
161
-
other
646
-
1 903
-
total
5 848
-
14 285
-
Corporate
43 425
68 000
-
-
income
12 159
19 040
-
-
surtax
-
-
-
-
total
12 159
19 040
-
-
Dividends
31 266
48 960
-
-
surtax
-
-
-
-
social contributions
5 378
8 420
-
-
withholding
4 002
6 267
-
-
total
9 380
14 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 005
33 727
28 577
29 382
After tax
36 995
34 273
39 423
38 618
Living cost
15 109
15 109
15 109
15 109
Free-cash
21 886
19 164
24 314
23 509

Estimated living cost  is ₴15109 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31092
₴32413
₴33276
₴31346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
social contributions
-
-
-
9 384
health
-
-
-
4 746
total
-
-
-
24 330
Employee
16 620
-
68 000
-
social contributions
2 294
-
9 384
-
income
2 772
-
11 063
-
health
1 160
-
4 746
-
total
6 226
-
25 193
-
Employer
16 620
-
68 000
-
total
-
-
-
-
Corporate
51 380
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%.

2 569
3 400
-
-
total
2 569
3 400
-
-
Dividends
48 811
64 600
-
-
social contributions
6 736
8 915
-
-
withholding
7 322
9 690
-
-
health
3 407
4 509
-
-
total
17 465
23 114
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 260
26 514
25 193
24 330
After tax
41 740
41 486
42 807
43 670
Living cost
10 394
10 394
10 394
10 394
Free-cash
31 346
31 092
32 413
33 276

Estimated living cost  is ₴10394 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
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.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20528
₴916
₴17231
₴19768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 148
surtax
-
-
-
97
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
272
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
33 497
Employee
24 497
19 535
52 728
-
other
245
195
527
-
unemployment
735
586
1 581
-
pensions
2 509
2 000
5 399
-
income
2 789
1 441
12 275
-
health
948
756
2 041
-
total
7 226
4 978
21 823
-
Employer
24 497
19 535
52 728
-
chamber of commerce
98
78
211
-
health
926
739
1 993
-
pensions
3 074
2 452
6 618
-
accident
318
254
686
-
unemployment
735
586
1 581
-
surtax
97
97
97
-
payroll
735
586
1 581
-
other
1 164
927
2 505
-
total
7 147
5 719
15 272
-
Corporate
36 357
42 747
50 867
-
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.

9 089
10 686
12 717
-
total
9 089
10 686
12 717
-
Dividends
27 268
32 060
-
-
withholding
7 498
8 817
-
-
total
7 498
8 817
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 960
30 200
49 812
33 497
After tax
37 040
37 800
18 188
34 503
Living cost
17 272
17 272
17 272
17 272
Free-cash
19 768
20 528
916
17 231

Estimated living cost  is ₴17272 per week

₴11520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20195
₴7093
₴12156
₴12843
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
communal

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

-
-
-
3 438
social contributions
-
-
-
10 705
national
-
-
-
23 828
total
-
-
-
37 971
Employee

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

35 063
-
52 667
-
unemployment

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

305
-
459
-
communal

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

1 829
-
2 747
-
pensions

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

2 630
-
3 950
-
national
10 780
-
18 072
-
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.

1 647
-
2 475
-
total
17 191
-
27 703
-
Employer

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

35 063
-
52 667
-
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.

2 156
-
3 239
-
pensions

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

3 107
-
4 666
-
accident

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

456
-
685
-
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.

512
-
769
-
surtax
3 976
-
5 972
-
total
10 207
-
15 331
-
Corporate
22 731
68 000
-
-
income
4 546
13 600
-
-
surtax
91
272
-
-
total
4 637
13 872
-
-
Dividends
18 093
54 129
-
-
withholding

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

5 249
16 060
-
-
total
5 249
16 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 284
29 932
43 034
37 971
After tax
30 716
38 068
24 966
30 029
Living cost
17 873
17 873
17 873
17 873
Free-cash
12 843
20 195
7 093
12 156

Estimated living cost  is ₴17873 per week

₴11512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27845
₴18191
₴20549
₴24166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
16 118
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
29 748
Employee
24 400
-
53 516
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 148
-
14 734
-
total
6 698
-
17 620
-
Employer
24 400
-
53 516
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
35 822
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.

5 373
10 200
-
-
total
5 373
10 200
-
-
Dividends
30 449
57 800
-
-
withholding
6 283
12 252
-
-
total
6 283
12 252
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 131
22 452
32 106
29 748
After tax
41 869
45 548
35 894
38 252
Living cost
17 703
17 703
17 703
17 703
Free-cash
24 166
27 845
18 191
20 549

Estimated living cost  is ₴17703 per week

₴13036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14080
₴11747
₴9035
₴8836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
communal
-
-
-
4 298
accident
-
-
-
573
income
-
-
-
9 114
surtax
-
-
-
3 371
health
-
-
-
4 778
pensions
-
-
-
10 192
total
-
-
-
32 326
Employee
37 121
-
60 742
-
pensions
2 969
-
4 859
-
surtax
2 275
-
3 723
-
income
3 586
-
11 072
-
health
1 652
-
2 702
-
total
10 482
-
22 356
-
Employer
37 121
-
60 742
-
health
1 132
-
1 852
-
pensions
2 969
-
4 859
-
accident
334
-
547
-
total
4 435
-
7 258
-
Corporate
26 444
68 000
-
-
communal
1 785
4 590
-
-
income
3 966
10 200
-
-
surtax
277
714
-
-
total
6 028
15 504
-
-
Dividends
20 415
52 496
-
-
income
8 518
3 903
-
-
withholding
3 062
7 874
-
-
total
11 580
11 777
-
-
Income
68 000
68 000
68 000
68 000
Total tax
32 525
27 281
29 614
32 326
After tax
35 475
40 719
38 386
35 674
Living cost
26 639
26 639
26 639
26 639
Free-cash
8 836
14 080
11 747
9 035

Estimated living cost  is ₴26639 per week

₴19983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
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.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31762
₴19797
₴21256
₴30203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 688
other
-
-
-
-
surtax
-
-
-
2 205
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
35 734
Employee
16 508
-
56 175
-
other
-
-
-
-
unemployment
1 149
-
3 910
-
pensions
1 101
-
3 747
-
surtax
59
-
1 974
-
income
2 767
-
14 305
-
health
421
-
1 433
-
total
5 497
-
25 369
-
Employer
16 508
-
56 175
-
health
751
-
2 556
-
pensions
2 201
-
7 488
-
unemployment
524
-
1 780
-
other
-
-
-
-
total
3 476
-
11 824
-
Corporate
48 017
68 000
-
-
income
12 484
17 680
-
-
total
12 484
17 680
-
-
Dividends
35 533
50 320
-
-
withholding
5 330
7 548
-
-
total
5 330
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 787
25 228
37 193
35 734
After tax
41 213
42 772
30 807
32 266
Living cost
11 010
11 010
11 010
11 010
Free-cash
30 203
31 762
19 797
21 256

Estimated living cost  is ₴11010 per week

₴6647
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.
₴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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22539
₴16886
₴20106
₴21450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
1 025
municipal
-
-
-
404
national
-
-
-
15 771
total
-
-
-
34 690
Employee
27 191
-
68 000
-
municipal
144
-
361
-
national
4 308
-
13 704
-
regional
366
-
915
-
social contributions
9 169
-
22 930
-
total
13 987
-
37 910
-
Employer
27 191
-
68 000
-
total
-
-
-
-
Corporate
40 809
68 000
-
-
municipal
2 028
3 379
-
-
nationa
9 794
16 320
-
-
total
11 822
19 699
-
-
Dividends
28 987
48 301
-
-
withholding
7 537
12 558
-
-
total
7 537
12 558
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 346
32 257
37 910
34 690
After tax
34 654
35 743
30 090
33 310
Living cost
13 204
13 204
13 204
13 204
Free-cash
21 450
22 539
16 886
20 106

Estimated living cost  is ₴13204 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31809
₴19497
₴20090
₴26455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
6 194
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 901
Employee
22 072
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 435
-
3 299
-
income
2 649
-
6 090
-
health
2 980
-
6 851
-
total
7 064
-
16 240
-
Employer
22 072
-
50 746
-
health
1 986
-
4 567
-
social contributions
5 518
-
12 687
-
total
7 504
-
17 254
-
Corporate
38 423
68 000
-
-
income
7 300
12 920
-
-
total
7 300
12 920
-
-
Dividends
31 123
55 080
-
-
withholding
4 668
8 262
-
-
total
4 668
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 536
21 182
33 494
32 901
After tax
41 464
46 818
34 506
35 099
Living cost
15 009
15 009
15 009
15 009
Free-cash
26 455
31 809
19 497
20 090

Estimated living cost  is ₴15009 per week

₴11162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴22214
₴2566
₴18961
₴21970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
15 148
surtax
-
-
-
-
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
272
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
33 400
Employee
21 427
19 535
52 803
-
other
214
195
528
-
unemployment
643
586
1 584
-
pensions
2 194
2 000
5 407
-
income
1 909
1 441
12 300
-
health
829
756
2 044
-
total
5 789
4 978
21 863
-
Employer
21 427
19 535
52 803
-
chamber of commerce
86
78
211
-
health
810
739
1 996
-
pensions
2 689
2 452
6 627
-
accident
278
254
686
-
unemployment
643
586
1 584
-
surtax
-
-
-
-
payroll
643
586
1 584
-
other
1 018
927
2 508
-
total
6 167
5 622
15 196
-
Corporate
40 406
42 843
50 943
-
income

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

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

10 101
10 711
12 736
-
total
10 101
10 711
12 736
-
Dividends
30 305
32 133
-
-
withholding
8 334
8 836
-
-
total
8 334
8 836
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 391
30 147
49 795
33 400
After tax
37 609
37 853
18 205
34 600
Living cost
15 639
15 639
15 639
15 639
Free-cash
21 970
22 214
2 566
18 961

Estimated living cost  is ₴15639 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58353
₴48153
₴61073
₴57181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
microenterprise

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

-
-
-
680
total
-
-
-
680
Employee
7 808
-
68 000
-
income
1 562
-
13 600
-
total
1 562
-
13 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

60 192
68 000
-
-
total
-
-
-
-
Dividends
60 192
68 000
-
-
withholding
3 010
3 400
-
-
total
3 010
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 572
3 400
13 600
680
After tax
63 428
64 600
54 400
67 320
Living cost
6 247
6 247
6 247
6 247
Free-cash
57 181
58 353
48 153
61 073

Estimated living cost  is ₴6247 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33670
₴19194
₴20995
₴29568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
68 000
income
-
-
-
14 645
unemployment
-
-
-
102
health
-
-
-
6 692
pensions
-
-
-
12 418
total
-
-
-
33 857
Employee

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

21 676
-
58 839
-
unemployment
31
-
83
-
pensions
3 360
-
9 120
-
income
3 738
-
13 494
-
health
1 400
-
3 801
-
total
8 529
-
26 498
-
Employer

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

21 676
-
58 839
-
health
1 444
-
3 918
-
pensions
1 918
-
5 207
-
unemployment
13
-
35
-
total
3 375
-
9 160
-
Corporate
42 949
68 000
-
-
income
8 161
12 920
-
-
total
8 161
12 920
-
-
Dividends
34 788
55 080
-
-
withholding
5 219
8 262
-
-
total
5 219
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 284
21 182
35 658
33 857
After tax
42 716
46 818
32 342
34 143
Living cost
13 148
13 148
13 148
13 148
Free-cash
29 568
33 670
19 194
20 995

Estimated living cost  is ₴13148 per week

₴9023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19872
₴39947
₴25494
-₴6292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
13 255
social contributions
-
-
-
7 752
total
-
-
-
21 007
Employee
30 826
-
-
-
social contributions
2 528
-
360
-
income
6 800
-
-
-
total
9 328
-
360
-
Employer
30 826
-
-
-
social contributions
43 465
-
6 194
-
total
43 465
-
6 194
-
Corporate
-
68 000
-
-
income
-
14 960
-
-
total
-
14 960
-
-
Dividends
-
53 040
-
-
income
-
11 669
-
-
total
-
11 669
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 793
26 629
6 554
21 007
After tax
15 207
41 371
61 446
46 993
Living cost
21 499
21 499
21 499
21 499
Free-cash
-6 292
19 872
39 947
25 494

Estimated living cost  is ₴21499 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23303
₴17064
₴21666
₴22810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
68 000
income
-
-
-
7 329
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 959
Employee
22 545
-
54 949
-
surtax
-
-
-
-
social contributions
2 480
-
6 045
-
income
4 689
-
16 466
-
total
7 169
-
22 511
-
Employer
22 545
-
54 949
-
social contributions
5 354
-
13 050
-
total
5 354
-
13 050
-
Corporate
40 101
68 000
-
-
income
8 421
14 280
-
-
surtax
-
-
-
-
total
8 421
14 280
-
-
Dividends
31 680
53 720
-
-
withholding
8 871
15 042
-
-
total
8 871
15 042
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 815
29 322
35 561
30 959
After tax
38 185
38 678
32 439
37 041
Living cost
15 375
15 375
15 375
15 375
Free-cash
22 810
23 303
17 064
21 666

Estimated living cost  is ₴15375 per week

₴11504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10598
₴15748
₴14943
₴13966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
9 161
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 302
pensions
-
-
-
13 873
total
-
-
-
29 382
Employee
30 701
-
53 716
-
pensions
3 472
-
3 284
-
surtax
-
-
-
-
social contributions
874
-
1 531
-
income
2 679
-
9 477
-
total
7 025
-
14 292
-
Employer
30 701
-
53 716
-
health
2 149
-
4 436
-
pensions
5 045
-
5 609
-
unemployment
1 244
-
2 176
-
social contributions
92
-
161
-
other
1 060
-
1 903
-
total
9 590
-
14 285
-
Corporate
27 710
68 000
-
-
income
7 759
19 040
-
-
surtax
-
-
-
-
total
7 759
19 040
-
-
Dividends
19 951
48 960
-
-
surtax
-
-
-
-
social contributions
3 432
8 420
-
-
withholding
2 553
6 267
-
-
total
5 985
14 687
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 359
33 727
28 577
29 382
After tax
37 641
34 273
39 423
38 618
Living cost
23 675
23 675
23 675
23 675
Free-cash
13 966
10 598
15 748
14 943

Estimated living cost  is ₴23675 per week

₴16023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46465
₴37785
₴35978
₴44819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 327
social contributions
-
-
-
14 960
total
-
-
-
17 287
Employee
15 759
-
58 875
-
income
-
-
2 528
-
social contributions
1 024
-
3 827
-
total
1 024
-
6 355
-
Employer
15 759
-
58 875
-
social contributions
2 443
-
9 125
-
total
2 443
-
9 125
-
Corporate
49 798
68 000
-
-
income
4 979
6 800
-
-
total
4 979
6 800
-
-
Dividends
44 819
61 200
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
8 446
6 800
15 480
17 287
After tax
59 554
61 200
52 520
50 713
Living cost
14 735
14 735
14 735
14 735
Free-cash
44 819
46 465
37 785
35 978

Estimated living cost  is ₴14735 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38749
-₴38749
₴17566
-₴38749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
labour market
-
-
-
5 406
municipal
-
-
-
13 621
national
-
-
-
7 386
pensions
-
-
-
425
total
-
-
-
26 838
Employee
99 593
99 593
99 593
-
municipal
21 208
21 208
21 208
-
labour market
7 956
7 956
7 956
-
pensions
142
142
142
-
national
12 167
12 167
12 167
-
total
41 473
41 473
41 473
-
Employer
99 593
99 593
99 593
-
national
12 188
12 188
12 188
-
labour market
7 967
7 967
7 967
-
pensions
283
283
283
-
municipal
21 242
21 242
21 242
-
total
41 680
41 680
41 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
83 153
83 153
83 153
26 838
After tax
-15 153
-15 153
-15 153
41 162
Living cost
23 596
23 596
23 596
23 596
Free-cash
-38 749
-38 749
-38 749
17 566

Estimated living cost  is ₴23596 per week

₴16149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2087
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5241
₴25506
₴35806
₴3861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
17 991
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
21 445
Employee
16 909
-
60 062
-
pensions
1 904
-
3 784
-
income
2 320
-
13 145
-
health
1 936
-
6 877
-
total
6 160
-
23 806
-
Employer
16 909
-
60 062
-
pensions
2 749
-
5 464
-
accident
282
-
1 003
-
unemployment
414
-
1 472
-
total
3 445
-
7 939
-
Corporate
47 645
68 000
-
-
income

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

42 880
61 200
-
-
total
42 880
61 200
-
-
Dividends
4 765
6 800
-
-
withholding
905
1 292
-
-
total
905
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 390
62 492
31 745
21 445
After tax
14 610
5 508
36 255
46 555
Living cost
10 749
10 749
10 749
10 749
Free-cash
3 861
-5 241
25 506
35 806

Estimated living cost  is ₴10749 per week

₴7824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24930
₴18020
₴27342
₴25482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
843
municipal
-
-
-
12 088
national
-
-
-
8 908
total
-
-
-
21 839
Employee
25 790
-
57 205
-
municipal
4 224
-
9 325
-
unemployment
387
-
858
-
pensions
1 740
-
3 861
-
national
426
-
5 646
-
health
193
-
676
-
total
6 970
-
20 366
-
Employer
25 790
-
57 205
-
health
198
-
441
-
pensions
4 474
-
9 925
-
accident
26
-
57
-
unemployment
167
-
372
-
total
4 865
-
10 795
-
Corporate
37 344
68 000
-
-
income
7 469
13 600
-
-
total
7 469
13 600
-
-
Dividends

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

22 407
40 800
-
-
municipal
4 033
7 344
-
-
national
362
3 307
-
-
total
4 395
10 651
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 699
24 251
31 161
21 839
After tax
44 301
43 749
36 839
46 161
Living cost
18 819
18 819
18 819
18 819
Free-cash
25 482
24 930
18 020
27 342

Estimated living cost  is ₴18819 per week

₴12293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38318
₴35401
₴36048
₴35650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 938
social contributions
-
-
-
7 931
health
-
-
-
1 734
total
-
-
-
20 603
Employee
37 693
37 693
62 622
-
social contributions
1 425
3 128
4 219
-
income
4 104
3 489
10 590
-
health
292
641
1 064
-
total
5 821
7 258
15 873
-
Employer
37 693
37 693
62 622
-
health
317
698
1 158
-
social contributions
1 425
3 128
4 219
-
total
1 742
3 826
5 377
-
Corporate
49 087
26 481
-
-
income
6 136
3 310
-
-
total
6 136
3 310
-
-
Dividends
42 952
23 172
-
-
withholding
7 302
3 939
-
-
total
7 302
3 939
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 001
18 333
21 250
20 603
After tax
46 999
49 667
46 750
47 397
Living cost
11 349
11 349
11 349
11 349
Free-cash
35 650
38 318
35 401
36 048

Estimated living cost  is ₴11349 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48528
₴38711
₴48544
₴46035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
68 000
income
-
-
-
6 767
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
11 673
Employee

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

11 251
-
63 209
-
unemployment
56
-
233
-
pensions
1 687
-
6 977
-
income
769
-
5 552
-
health
956
-
3 953
-
total
3 468
-
16 715
-
Employer

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

11 251
-
63 209
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
55 590
68 000
-
-
income
5 003
6 120
-
-
total
5 003
6 120
-
-
Dividends
50 588
61 880
-
-
withholding
4 552
5 569
-
-
total
4 552
5 569
-
-
Income
68 000
68 000
68 000
68 000
Total tax
14 182
11 689
21 506
11 673
After tax
53 818
56 311
46 494
56 327
Living cost
7 783
7 783
7 783
7 783
Free-cash
46 035
48 528
38 711
48 544

Estimated living cost  is ₴7783 per week

₴4965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32069
₴22415
₴24773
₴29723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
16 118
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
29 748
Employee
18 125
-
53 516
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 494
-
14 734
-
total
4 645
-
17 620
-
Employer
18 125
-
53 516
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
44 097
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.

6 615
10 200
-
-
total
6 615
10 200
-
-
Dividends
37 482
57 800
-
-
withholding
7 760
12 252
-
-
total
7 760
12 252
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 798
22 452
32 106
29 748
After tax
43 202
45 548
35 894
38 252
Living cost
13 479
13 479
13 479
13 479
Free-cash
29 723
32 069
22 415
24 773

Estimated living cost  is ₴13479 per week

₴9098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41471
₴42607
₴42675
₴41313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
23 155
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
24 364
Employee
1 463
-
67 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
23 119
-
health
73
-
175
-
total
503
-
23 644
-
Employer
1 463
-
67 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
66 208
68 000
-
-
income
14 566
14 960
-
-
total
14 566
14 960
-
-
Dividends
51 642
53 040
-
-
withholding
10 328
10 608
-
-
total
10 328
10 608
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 726
25 568
24 432
24 364
After tax
42 274
42 432
43 568
43 636
Living cost
961
961
961
961
Free-cash
41 313
41 471
42 607
42 675

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴40649
₴30868
₴30867
₴38235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
68 000
income
-
-
-
14 952
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
28 652
Employee

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

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

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

12 788
-
61 513
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
14 952
-
health
659
-
1 866
-
total
4 308
-
22 164
-
Employer

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

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

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

12 788
-
61 513
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
52 923
68 000
-
-
income
7 938
10 200
-
-
total
7 938
10 200
-
-
Dividends
44 984
57 800
-
-
withholding
6 748
8 670
-
-
total
6 748
8 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 284
18 870
28 651
28 652
After tax
46 716
49 130
39 349
39 348
Living cost
8 481
8 481
8 481
8 481
Free-cash
38 235
40 649
30 868
30 867

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25463
₴19224
₴23826
₴25287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
68 000
income
-
-
-
7 329
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 959
Employee
19 025
-
54 949
-
surtax
-
-
-
-
social contributions
2 093
-
6 045
-
income
3 717
-
16 466
-
total
5 810
-
22 511
-
Employer
19 025
-
54 949
-
social contributions
4 518
-
13 050
-
total
4 518
-
13 050
-
Corporate
44 457
68 000
-
-
income
9 336
14 280
-
-
surtax
-
-
-
-
total
9 336
14 280
-
-
Dividends
35 121
53 720
-
-
withholding
9 834
15 042
-
-
total
9 834
15 042
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 498
29 322
35 561
30 959
After tax
38 502
38 678
32 439
37 041
Living cost
13 215
13 215
13 215
13 215
Free-cash
25 287
25 463
19 224
23 826

Estimated living cost  is ₴13215 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28321
₴18667
₴21025
₴24807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
16 118
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
29 748
Employee
23 674
-
53 516
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
14 734
-
total
6 448
-
17 620
-
Employer
23 674
-
53 516
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
36 779
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.

5 517
10 200
-
-
total
5 517
10 200
-
-
Dividends
31 261
57 800
-
-
withholding
6 453
12 252
-
-
total
6 453
12 252
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 966
22 452
32 106
29 748
After tax
42 034
45 548
35 894
38 252
Living cost
17 227
17 227
17 227
17 227
Free-cash
24 807
28 321
18 667
21 025

Estimated living cost  is ₴17227 per week

₴12372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49713
₴47273
₴44804
₴46727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
14 769
Employee
11 159
-
64 643
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 503
-
income
1 116
-
6 464
-
health
513
-
787
-
total
2 732
-
8 942
-
Employer
11 159
-
64 643
-
health
770
-
1 181
-
pensions

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

1 230
-
1 886
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 190
-
3 358
-
Corporate
54 651
68 000
-
-
income
5 465
6 800
-
-
total
5 465
6 800
-
-
Dividends
49 186
61 200
-
-
withholding
2 459
3 060
-
-
total
2 459
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 846
9 860
12 300
14 769
After tax
55 154
58 140
55 700
53 231
Living cost
8 427
8 427
8 427
8 427
Free-cash
46 727
49 713
47 273
44 804

Estimated living cost  is ₴8427 per week

₴5574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16101
₴25695
₴19208
₴22513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
income

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

-
-
-
18 986
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.

-
-
-
1 045
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.

-
-
-
3 349
trade
-
-
-
6 487
total
-
-
-
29 867
Employee

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

24 390
-
68 000
-
surtax

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

111
-
1 045
-
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.

2 006
-
18 986
-
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.

3 349
-
3 349
-
total
5 466
-
23 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 610
68 000
-
-
income
6 541
10 200
-
-
surtax

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

360
561
-
-
chamber of commerce
139
174
-
-
trade
6 258
9 758
-
-
total
13 298
20 693
-
-
Dividends
30 312
47 307
-
-
surtax

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

407
640
-
-
withholding
7 391
11 641
-
-
total
7 798
12 281
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 562
32 974
23 380
29 867
After tax
41 438
35 026
44 620
38 133
Living cost
18 925
18 925
18 925
18 925
Free-cash
22 513
16 101
25 695
19 208

Estimated living cost  is ₴18925 per week

₴13055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19677
₴10059
₴10059
₴20759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
19 098
social contributions
-
-
-
10 920
total
-
-
-
30 018
Employee
38 343
-
68 000
-
income
7 235
-
19 098
-
social contributions
3 186
-
10 920
-
total
10 421
-
30 018
-
Employer
38 343
-
68 000
-
total
-
-
-
-
Corporate
29 657
68 000
-
-
income
3 707
8 500
-
-
total
3 707
8 500
-
-
Dividends
25 950
59 500
-
-
withholding
5 190
11 900
-
-
total
5 190
11 900
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 318
20 400
30 018
30 018
After tax
48 682
47 600
37 982
37 982
Living cost
27 923
27 923
27 923
27 923
Free-cash
20 759
19 677
10 059
10 059

Estimated living cost  is ₴27923 per week

₴21243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23816
₴31674
₴33271
₴25529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
68 000
income
-
-
-
13 953
health

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

-
-
-
2 982
total
-
-
-
16 935
Employee
22 487
-
65 745
-
income
2 440
-
14 022
-
social contributions
2 253
-
2 255
-
total
4 693
-
16 277
-
Employer
22 487
-
65 745
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
43 260
68 000
-
-
income
15 141
23 800
-
-
total
15 141
23 800
-
-
Dividends
28 119
44 200
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 677
26 390
18 532
16 935
After tax
43 323
41 610
49 468
51 065
Living cost
17 794
17 794
17 794
17 794
Free-cash
25 529
23 816
31 674
33 271

Estimated living cost  is ₴17794 per week

₴11721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28323
₴22062
₴28316
₴30072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
17 529
pensions
-
-
-
4 031
total
-
-
-
21 560
Employee
24 878
-
59 568
-
pensions
1 899
-
5 089
-
income
4 530
-
13 359
-
health
325
-
933
-
total
6 754
-
19 381
-
Employer
24 878
-
59 568
-
health
473
-
1 132
-
pensions
2 513
-
7 301
-
total
2 986
-
8 433
-
Corporate
40 136
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.

7 626
12 920
-
-
total
7 626
12 920
-
-
Dividends
32 510
55 080
-
-
withholding
2 438
8 633
-
-
total
2 438
8 633
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 804
21 553
27 814
21 560
After tax
48 196
46 447
40 186
46 440
Living cost
18 124
18 124
18 124
18 124
Free-cash
30 072
28 323
22 062
28 316

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6305
₴24442
₴34742
₴3698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
accident
-
-
-
125
income
-
-
-
17 991
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
21 445
Employee
18 583
-
60 062
-
pensions
2 092
-
3 784
-
income
2 549
-
13 145
-
health
2 128
-
6 877
-
total
6 769
-
23 806
-
Employer
18 583
-
60 062
-
pensions
3 021
-
5 464
-
accident
310
-
1 003
-
unemployment
455
-
1 472
-
total
3 786
-
7 939
-
Corporate
45 630
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.

41 067
61 200
-
-
total
41 067
61 200
-
-
Dividends
4 563
6 800
-
-
withholding
867
1 292
-
-
total
867
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 489
62 492
31 745
21 445
After tax
15 511
5 508
36 255
46 555
Living cost
11 813
11 813
11 813
11 813
Free-cash
3 698
-6 305
24 442
34 742

Estimated living cost  is ₴11813 per week

₴8670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
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.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50600
₴39664
₴31744
₴48305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
68 000
income
-
-
-
10 934
unemployment
-
-
-
816
work injury
-
-
-
340
health insurance
-
-
-
5 032
pensions
-
-
-
12 512
total
-
-
-
29 634
Employee

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

10 595
-
68 000
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
10 934
-
total
3 974
-
21 714
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 405
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%.

574
680
-
-
total
574
680
-
-
Dividends
56 831
67 320
-
-
withholding
8 525
10 098
-
-
total
8 525
10 098
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 073
10 778
21 714
29 634
After tax
54 927
57 222
46 286
38 366
Living cost
6 622
6 622
6 622
6 622
Free-cash
48 305
50 600
39 664
31 744

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16290
₴10113
₴13223
₴14061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
17 490
regional
-
-
-
1 533
municipal
-
-
-
455
national
-
-
-
15 771
total
-
-
-
35 249
Employee
41 306
-
68 000
-
municipal
247
-
406
-
national
6 980
-
13 704
-
regional
624
-
1 319
-
social contributions
13 928
-
22 930
-
total
21 779
-
38 359
-
Employer
41 306
-
68 000
-
total
-
-
-
-
Corporate
26 694
68 000
-
-
municipal
1 286
3 277
-
-
nationa
6 406
16 320
-
-
total
7 692
19 597
-
-
Dividends
19 001
48 403
-
-
withholding
4 940
12 585
-
-
total
4 940
12 585
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 411
32 182
38 359
35 249
After tax
33 589
35 818
29 641
32 751
Living cost
19 528
19 528
19 528
19 528
Free-cash
14 061
16 290
10 113
13 223

Estimated living cost  is ₴19528 per week

₴13717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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