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
₴19258
₴29653
₴22587
₴24761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 841
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.

-
-
-
1 036
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.

-
-
-
3 399
trade
-
-
-
7 066
total
-
-
-
30 342
Employee

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

19 032
-
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
-
1 036
-
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.

532
-
18 841
-
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.

3 399
-
3 399
-
total
3 960
-
23 276
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 968
68 000
-
-
income
7 345
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.

404
561
-
-
chamber of commerce
146
173
-
-
trade
7 713
10 710
-
-
total
15 608
21 644
-
-
Dividends
33 360
46 357
-
-
surtax

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

449
627
-
-
withholding
8 151
11 400
-
-
total
8 600
12 027
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 168
33 671
23 276
30 342
After tax
39 832
34 329
44 724
37 658
Living cost
15 071
15 071
15 071
15 071
Free-cash
24 761
19 258
29 653
22 587

Estimated living cost  is ₴15071 per week

₴9480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15935
₴14588
₴14054
₴15494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 279
national
-
-
-
11 279
pensions
-
-
-
8 160
total
-
-
-
27 449
Employee
41 075
-
58 785
-
municipal
5 073
-
7 542
-
pensions
1 643
-
2 351
-
national
7 862
-
11 687
-
total
14 578
-
21 580
-
Employer
41 075
-
58 785
-
pensions
3 286
-
4 703
-
social contributions
442
-
632
-
total
3 728
-
5 335
-
Corporate
20 487
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%.

4 097
13 600
-
-
total
4 097
13 600
-
-
Dividends
16 390
54 400
-
-
withholding
3 606
11 968
-
-
total
3 606
11 968
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 009
25 568
26 915
27 449
After tax
41 991
42 432
41 085
40 551
Living cost
26 497
26 497
26 497
26 497
Free-cash
15 494
15 935
14 588
14 054

Estimated living cost  is ₴26497 per week

₴18009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44048
₴27768
₴10554
₴39967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 689
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.

-
-
-
19 065
microenterprise
-
-
-
-
total
-
-
-
47 094
Employee
14 540
-
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.

1 600
-
6 028
-
income
2 588
-
10 651
-
total
4 188
-
16 679
-
Employer
14 540
-
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.

3 502
-
13 201
-
surtax
-
-
-
-
total
3 502
-
13 201
-
Corporate
49 958
68 000
-
-
income

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

9 991
13 600
-
-
total
9 991
13 600
-
-
Dividends

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

39 967
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
17 681
13 600
29 880
47 094
After tax
50 319
54 400
38 120
20 906
Living cost
10 352
10 352
10 352
10 352
Free-cash
39 967
44 048
27 768
10 554

Estimated living cost  is ₴10352 per week

₴6604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12527
₴18987
₴18063
₴9480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 126
health
-
-
-
6 136
pensions
-
-
-
5 830
total
-
-
-
29 092
Employee
42 492
42 492
58 753
-
pensions
7 649
5 830
5 830
-
income

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

6 955
6 955
6 955
-
health
6 522
5 548
6 136
-
total
21 126
18 333
18 921
-
Employer
42 492
42 492
58 753
-
health
2 954
2 954
3 670
-
pensions
2 957
2 957
3 676
-
unemployment
1 530
1 530
1 901
-
total
7 441
7 441
9 247
-
Corporate
18 589
18 067
-
-
income
3 718
3 614
-
-
total
3 718
3 614
-
-
Dividends
14 871
14 454
-
-
income
3 160
3 072
-
-
withholding
2 230
2 168
-
-
total
5 390
5 240
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 675
34 628
28 168
29 092
After tax
30 325
33 372
39 832
38 908
Living cost
20 845
20 845
20 845
20 845
Free-cash
9 480
12 527
18 987
18 063

Estimated living cost  is ₴20845 per week

₴14772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17260
₴15611
₴16147
₴16814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 060
unemployment
-
-
-
44
health
-
-
-
2 717
municipal
-
-
-
16 516
national
-
-
-
2 854
pensions
-
-
-
4 707
total
-
-
-
31 985
Employee
28 310
-
54 319
-
municipal
8 442
-
16 198
-
national
-
-
2 641
-
total
8 442
-
18 839
-
Employer
28 310
-
54 319
-
health
1 741
-
2 678
-
pensions
3 060
-
4 707
-
accident
57
-
87
-
unemployment
747
-
1 150
-
other
3 290
-
5 060
-
total
8 895
-
13 682
-
Corporate
30 795
68 000
-
-
income
6 775
14 960
-
-
total
6 775
14 960
-
-
Dividends
24 020
53 040
-
-
withholding
7 206
15 912
-
-
total
7 206
15 912
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 318
30 872
32 521
31 985
After tax
36 682
37 128
35 479
36 015
Living cost
19 868
19 868
19 868
19 868
Free-cash
16 814
17 260
15 611
16 147

Estimated living cost  is ₴19868 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14433
₴25177
₴17797
₴21424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 841
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.

-
-
-
1 036
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.

-
-
-
3 399
trade
-
-
-
7 380
total
-
-
-
30 656
Employee

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

25 234
-
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.

119
-
1 036
-
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.

2 168
-
18 841
-
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.

3 399
-
3 399
-
total
5 686
-
23 276
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 766
68 000
-
-
income
6 415
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.

353
561
-
-
chamber of commerce
136
172
-
-
trade
7 035
11 186
-
-
total
13 939
22 119
-
-
Dividends
28 827
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.

386
620
-
-
withholding
7 018
11 281
-
-
total
7 404
11 901
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 029
34 020
23 276
30 656
After tax
40 971
33 980
44 724
37 344
Living cost
19 547
19 547
19 547
19 547
Free-cash
21 424
14 433
25 177
17 797

Estimated living cost  is ₴19547 per week

₴13073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2061
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.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33530
₴30672
₴31323
₴31467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 753
social contributions
-
-
-
8 051
health
-
-
-
1 734
total
-
-
-
20 538
Employee
38 262
38 262
62 559
-
social contributions
1 859
3 176
4 283
-
income
4 018
3 542
10 402
-
health
381
651
1 063
-
total
6 258
7 369
15 748
-
Employer
38 262
38 262
62 559
-
health
415
708
1 158
-
social contributions
1 859
3 176
4 283
-
total
2 274
3 884
5 441
-
Corporate
43 329
25 854
-
-
income
5 416
3 232
-
-
total
5 416
3 232
-
-
Dividends
37 913
22 622
-
-
withholding
6 446
3 846
-
-
total
6 446
3 846
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 394
18 331
21 189
20 538
After tax
47 606
49 669
46 811
47 462
Living cost
16 139
16 139
16 139
16 139
Free-cash
31 467
33 530
30 672
31 323

Estimated living cost  is ₴16139 per week

₴11033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29309
₴30491
₴38177
₴29494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

12 891
5 130
56 904
-
unemployment
193
77
854
-
pensions
1 289
513
5 690
-
income
1 576
627
6 956
-
health
902
359
3 983
-
total
3 960
1 576
17 483
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 891
5 130
56 904
-
pensions
2 514
1 000
11 096
-
total
2 514
1 000
11 096
-
Corporate
52 595
61 869
-
-
income
4 734
5 568
-
-
total
4 734
5 568
-
-
Dividends
47 862
56 301
-
-
social contributions
9 274
10 920
-
-
withholding
9 094
10 697
-
-
total
18 368
21 617
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 576
29 761
28 579
20 893
After tax
38 424
38 239
39 421
47 107
Living cost
8 930
8 930
8 930
8 930
Free-cash
29 494
29 309
30 491
38 177

Estimated living cost  is ₴8930 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42381
₴27175
₴24429
₴39291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 116
-
50 821
-
unemployment
226
-
813
-
pensions
282
-
1 016
-
income
1 589
-
9 799
-
total
2 097
-
11 628
-
Employer
14 116
-
50 821
-
health
1 835
-
6 607
-
pensions
2 823
-
10 164
-
unemployment
113
-
407
-
total
4 771
-
17 178
-
Corporate
49 113
68 000
-
-
income
9 822
13 600
-
-
total
9 822
13 600
-
-
Dividends
39 291
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
16 690
13 600
28 806
31 552
After tax
51 310
54 400
39 194
36 448
Living cost
12 019
12 019
12 019
12 019
Free-cash
39 291
42 381
27 175
24 429

Estimated living cost  is ₴12019 per week

₴8243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5606
₴25085
₴35446
₴3803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 921
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
21 440
Employee
17 483
-
59 964
-
pensions
1 969
-
3 854
-
income
2 398
-
13 045
-
health
2 002
-
6 866
-
total
6 369
-
23 765
-
Employer
17 483
-
59 964
-
pensions
2 843
-
5 566
-
accident
292
-
1 001
-
unemployment
428
-
1 469
-
total
3 563
-
8 036
-
Corporate
46 954
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.

42 259
61 200
-
-
total
42 259
61 200
-
-
Dividends
4 695
6 800
-
-
withholding
892
1 292
-
-
total
892
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 083
62 492
31 801
21 440
After tax
14 917
5 508
36 199
46 560
Living cost
11 114
11 114
11 114
11 114
Free-cash
3 803
-5 606
25 085
35 446

Estimated living cost  is ₴11114 per week

₴8146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
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.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴60582
₴50382
₴63302
₴59829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 022
-
68 000
-
income
1 004
-
13 600
-
total
1 004
-
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%.

62 978
68 000
-
-
total
-
-
-
-
Dividends
62 978
68 000
-
-
withholding
3 149
3 400
-
-
total
3 149
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 153
3 400
13 600
680
After tax
63 847
64 600
54 400
67 320
Living cost
4 018
4 018
4 018
4 018
Free-cash
59 829
60 582
50 382
63 302

Estimated living cost  is ₴4018 per week

₴2490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36701
₴25752
₴22939
₴33342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 259
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.

-
-
-
16 321
total
-
-
-
31 802
Employee
18 067
-
54 313
-
unemployment
180
-
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.

1 264
-
3 803
-
income
3 110
-
10 196
-
health
253
-
760
-
total
4 807
-
15 302
-
Employer
18 067
-
54 313
-
health
253
-
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.

3 072
-
9 234
-
accident
144
-
434
-
unemployment
180
-
543
-
other
904
-
2 716
-
total
4 553
-
13 687
-
Corporate
45 380
68 000
-
-
income
9 529
14 280
-
-
total
9 529
14 280
-
-
Dividends
35 850
53 720
-
-
withholding
2 510
3 760
-
-
total
2 510
3 760
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 399
18 040
28 989
31 802
After tax
46 601
49 960
39 011
36 198
Living cost
13 259
13 259
13 259
13 259
Free-cash
33 342
36 701
25 752
22 939

Estimated living cost  is ₴13259 per week

₴9368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13339
₴7011
₴13274
₴10814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 343
pensions
-
-
-
4 086
total
-
-
-
21 429
Employee
47 110
-
59 584
-
pensions
4 545
-
5 169
-
income
8 492
-
13 166
-
health
776
-
941
-
total
13 813
-
19 276
-
Employer
47 110
-
59 584
-
health
895
-
1 132
-
pensions
5 562
-
7 284
-
total
6 457
-
8 416
-
Corporate
14 433
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.

2 742
12 920
-
-
total
2 742
12 920
-
-
Dividends
11 691
55 080
-
-
withholding
877
8 444
-
-
total
877
8 444
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 889
21 364
27 692
21 429
After tax
44 111
46 636
40 308
46 571
Living cost
33 297
33 297
33 297
33 297
Free-cash
10 814
13 339
7 011
13 274

Estimated living cost  is ₴33297 per week

₴24950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51619
₴49096
₴46641
₴49309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
14 838
Employee
8 635
-
64 591
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
863
-
6 459
-
health
397
-
799
-
total
2 113
-
8 975
-
Employer
8 635
-
64 591
-
health
596
-
1 199
-
pensions

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

952
-
1 914
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 408
-
Corporate
57 671
68 000
-
-
income
5 767
6 800
-
-
total
5 767
6 800
-
-
Dividends
51 903
61 200
-
-
withholding
2 595
3 060
-
-
total
2 595
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 170
9 860
12 383
14 838
After tax
55 830
58 140
55 617
53 162
Living cost
6 521
6 521
6 521
6 521
Free-cash
49 309
51 619
49 096
46 641

Estimated living cost  is ₴6521 per week

₴3807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5780
₴12240
₴11316
₴7033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 126
health
-
-
-
6 136
pensions
-
-
-
5 830
total
-
-
-
29 092
Employee
46 132
42 492
58 753
-
pensions
5 830
5 830
5 830
-
income

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

6 955
6 955
6 955
-
health
5 755
5 548
6 136
-
total
18 540
18 333
18 921
-
Employer
46 132
42 492
58 753
-
health
3 206
2 954
3 670
-
pensions
3 210
2 957
3 676
-
unemployment
1 661
1 530
1 901
-
total
8 077
7 441
9 247
-
Corporate
13 790
18 067
-
-
income
2 758
3 614
-
-
total
2 758
3 614
-
-
Dividends
11 032
14 454
-
-
income
2 345
3 072
-
-
withholding
1 655
2 168
-
-
total
4 000
5 240
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 375
34 628
28 168
29 092
After tax
34 625
33 372
39 832
38 908
Living cost
27 592
27 592
27 592
27 592
Free-cash
7 033
5 780
12 240
11 316

Estimated living cost  is ₴27592 per week

₴20354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34609
₴22297
₴22855
₴30252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 188
social contributions
-
-
-
17 568
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 936
Employee
17 955
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 299
-
income
2 155
-
6 090
-
health
2 424
-
6 851
-
total
5 746
-
16 240
-
Employer
17 955
-
50 746
-
health
1 616
-
4 567
-
social contributions
4 489
-
12 687
-
total
6 105
-
17 254
-
Corporate
43 941
68 000
-
-
income
8 349
12 920
-
-
total
8 349
12 920
-
-
Dividends
35 592
55 080
-
-
withholding
5 339
8 262
-
-
total
5 339
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 539
21 182
33 494
32 936
After tax
42 461
46 818
34 506
35 064
Living cost
12 209
12 209
12 209
12 209
Free-cash
30 252
34 609
22 297
22 855

Estimated living cost  is ₴12209 per week

₴8481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15284
₴9373
₴12609
₴12687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
782
municipal
-
-
-
404
national
-
-
-
15 719
total
-
-
-
34 395
Employee
44 222
-
68 000
-
municipal
234
-
361
-
national
7 663
-
13 652
-
regional
417
-
688
-
social contributions
14 912
-
22 930
-
total
23 226
-
37 631
-
Employer
44 222
-
68 000
-
total
-
-
-
-
Corporate
23 778
68 000
-
-
municipal
927
2 652
-
-
nationa
5 706
16 320
-
-
total
6 633
18 972
-
-
Dividends
17 144
49 028
-
-
withholding
4 458
12 748
-
-
total
4 458
12 748
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 317
31 720
37 631
34 395
After tax
33 683
36 280
30 369
33 605
Living cost
20 996
20 996
20 996
20 996
Free-cash
12 687
15 284
9 373
12 609

Estimated living cost  is ₴20996 per week

₴14636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴31793
₴19954
₴21286
₴30244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 463
other
-
-
-
-
surtax
-
-
-
2 161
unemployment
-
-
-
113
health
-
-
-
4 715
pensions
-
-
-
13 282
total
-
-
-
35 734
Employee
16 455
-
56 175
-
other
-
-
-
-
unemployment
1 145
-
3 910
-
pensions
1 097
-
3 747
-
surtax
54
-
1 951
-
income
2 758
-
14 201
-
health
420
-
1 432
-
total
5 474
-
25 241
-
Employer
16 455
-
56 175
-
health
749
-
2 556
-
pensions
2 194
-
7 488
-
unemployment
521
-
1 781
-
other
-
-
-
-
total
3 464
-
11 825
-
Corporate
48 082
68 000
-
-
income
12 501
17 680
-
-
total
12 501
17 680
-
-
Dividends
35 580
50 320
-
-
withholding
5 337
7 547
-
-
total
5 337
7 547
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 776
25 227
37 066
35 734
After tax
41 224
42 773
30 934
32 266
Living cost
10 980
10 980
10 980
10 980
Free-cash
30 244
31 793
19 954
21 286

Estimated living cost  is ₴10980 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23889
₴17561
₴23824
₴24284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 343
pensions
-
-
-
4 086
total
-
-
-
21 429
Employee
31 572
-
59 584
-
pensions
2 680
-
5 169
-
income
5 686
-
13 166
-
health
458
-
941
-
total
8 824
-
19 276
-
Employer
31 572
-
59 584
-
health
600
-
1 132
-
pensions
3 418
-
7 284
-
total
4 018
-
8 416
-
Corporate
32 411
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.

6 158
12 920
-
-
total
6 158
12 920
-
-
Dividends
26 253
55 080
-
-
withholding
1 969
8 444
-
-
total
1 969
8 444
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 969
21 364
27 692
21 429
After tax
47 031
46 636
40 308
46 571
Living cost
22 747
22 747
22 747
22 747
Free-cash
24 284
23 889
17 561
23 824

Estimated living cost  is ₴22747 per week

₴17042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
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.
₴3762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8224
₴13327
₴16649
₴8597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 825
health
-
-
-
153
city
-
-
-
717
national
-
-
-
721
pensions
-
-
-
6 256
total
-
-
-
12 032
Employee
46 013
-
60 864
-
unemployment
-
-
-
-
pensions
3 866
-
5 112
-
national
218
-
566
-
regional
1 507
-
2 420
-
city
494
-
653
-
health
104
-
137
-
total
6 189
-
8 888
-
Employer
46 013
-
60 864
-
health
104
-
137
-
pensions
3 866
-
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.

920
-
1 217
-
total
4 890
-
6 466
-
Corporate
16 591
68 000
-
-
regional
3 509
14 382
-
-
national
1 411
5 780
-
-
total
4 920
20 162
-
-
Dividends
11 671
47 837
-
-
withholding
4 085
16 743
-
-
total
4 085
16 743
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 084
36 905
15 354
12 032
After tax
47 916
31 095
52 646
55 968
Living cost
39 319
39 319
39 319
39 319
Free-cash
8 597
-8 224
13 327
16 649

Estimated living cost  is ₴39319 per week

₴25568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10835
₴21929
₴14234
₴18904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 841
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.

-
-
-
1 036
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.

-
-
-
3 399
trade
-
-
-
7 695
total
-
-
-
30 971
Employee

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

29 904
-
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.

194
-
1 036
-
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.

3 516
-
18 841
-
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.

3 399
-
3 399
-
total
7 109
-
23 276
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 096
68 000
-
-
income
5 715
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.

314
561
-
-
chamber of commerce
129
171
-
-
trade
6 533
11 662
-
-
total
12 691
22 594
-
-
Dividends
25 404
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.

339
614
-
-
withholding
6 162
11 162
-
-
total
6 501
11 776
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 301
34 370
23 276
30 971
After tax
41 699
33 630
44 724
37 029
Living cost
22 795
22 795
22 795
22 795
Free-cash
18 904
10 835
21 929
14 234

Estimated living cost  is ₴22795 per week

₴16648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17248
₴22548
₴21613
₴20187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 057
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 262
pensions
-
-
-
13 998
total
-
-
-
29 363
Employee
21 296
-
53 789
-
pensions
2 408
-
3 259
-
surtax
-
-
-
-
social contributions
607
-
1 533
-
income
1 257
-
9 426
-
total
4 272
-
14 218
-
Employer
21 296
-
53 789
-
health
1 491
-
4 407
-
pensions
3 498
-
5 571
-
unemployment
862
-
2 178
-
social contributions
64
-
161
-
other
735
-
1 893
-
total
6 650
-
14 210
-
Corporate
40 054
68 000
-
-
income
11 215
19 040
-
-
surtax
-
-
-
-
total
11 215
19 040
-
-
Dividends
28 839
48 960
-
-
surtax
-
-
-
-
social contributions
4 961
8 421
-
-
withholding
3 691
6 267
-
-
total
8 652
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 789
33 728
28 428
29 363
After tax
37 211
34 272
39 572
38 637
Living cost
17 024
17 024
17 024
17 024
Free-cash
20 187
17 248
22 548
21 613

Estimated living cost  is ₴17024 per week

₴10734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18935
₴24235
₴23300
₴21700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 057
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 262
pensions
-
-
-
13 998
total
-
-
-
29 363
Employee
19 010
-
53 789
-
pensions
2 150
-
3 259
-
surtax
-
-
-
-
social contributions
542
-
1 533
-
income
980
-
9 426
-
total
3 672
-
14 218
-
Employer
19 010
-
53 789
-
health
1 330
-
4 407
-
pensions
3 124
-
5 571
-
unemployment
770
-
2 178
-
social contributions
57
-
161
-
other
656
-
1 893
-
total
5 937
-
14 210
-
Corporate
43 054
68 000
-
-
income
12 055
19 040
-
-
surtax
-
-
-
-
total
12 055
19 040
-
-
Dividends
30 998
48 960
-
-
surtax
-
-
-
-
social contributions
5 331
8 421
-
-
withholding
3 968
6 267
-
-
total
9 299
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 963
33 728
28 428
29 363
After tax
37 037
34 272
39 572
38 637
Living cost
15 337
15 337
15 337
15 337
Free-cash
21 700
18 935
24 235
23 300

Estimated living cost  is ₴15337 per week

₴8895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30935
₴32293
₴33118
₴31193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
10 200
social contributions
-
-
-
9 384
health
-
-
-
4 747
total
-
-
-
24 331
Employee
16 871
-
68 000
-
social contributions
2 329
-
9 384
-
income
2 814
-
11 025
-
health
1 177
-
4 747
-
total
6 320
-
25 156
-
Employer
16 871
-
68 000
-
total
-
-
-
-
Corporate
51 129
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%.

2 556
3 400
-
-
total
2 556
3 400
-
-
Dividends
48 573
64 600
-
-
social contributions
6 703
8 915
-
-
withholding
7 286
9 690
-
-
health
3 391
4 509
-
-
total
17 380
23 114
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 256
26 514
25 156
24 331
After tax
41 744
41 486
42 844
43 669
Living cost
10 551
10 551
10 551
10 551
Free-cash
31 193
30 935
32 293
33 118

Estimated living cost  is ₴10551 per week

₴7061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20279
₴748
₴16899
₴19509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 945
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
272
health
-
-
-
4 447
pensions
-
-
-
10 754
total
-
-
-
33 568
Employee
24 867
19 830
52 727
-
other
248
198
527
-
unemployment
746
595
1 582
-
pensions
2 547
2 030
5 399
-
income
2 831
1 463
12 186
-
health
962
768
2 041
-
total
7 334
5 054
21 735
-
Employer
24 867
19 830
52 727
-
chamber of commerce
99
79
211
-
health
940
750
1 993
-
pensions
3 121
2 489
6 617
-
accident
323
258
686
-
unemployment
746
595
1 582
-
surtax
98
98
98
-
payroll
746
595
1 582
-
other
1 181
941
2 505
-
total
7 254
5 805
15 274
-
Corporate
35 879
42 365
50 838
-
income

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

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

8 970
10 591
12 710
-
total
8 970
10 591
12 710
-
Dividends
26 910
31 774
-
-
withholding
7 400
8 738
-
-
total
7 400
8 738
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 958
30 188
49 719
33 568
After tax
37 042
37 812
18 281
34 432
Living cost
17 533
17 533
17 533
17 533
Free-cash
19 509
20 279
748
16 899

Estimated living cost  is ₴17533 per week

₴11694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19928
₴6895
₴11952
₴12464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 437
social contributions
-
-
-
10 721
national
-
-
-
23 747
total
-
-
-
37 905
Employee

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

35 593
-
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.

310
-
458
-
communal

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

1 856
-
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.

2 669
-
3 950
-
national
10 943
-
18 000
-
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.

1 672
-
2 475
-
total
17 450
-
27 630
-
Employer

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

35 593
-
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.

2 189
-
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.

3 154
-
4 667
-
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.

463
-
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.

519
-
769
-
surtax
4 036
-
5 972
-
total
10 361
-
15 332
-
Corporate
22 047
68 000
-
-
income
4 410
13 600
-
-
surtax
88
272
-
-
total
4 498
13 872
-
-
Dividends
17 549
54 128
-
-
withholding

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

5 084
16 057
-
-
total
5 084
16 057
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 393
29 929
42 962
37 905
After tax
30 607
38 071
25 038
30 095
Living cost
18 143
18 143
18 143
18 143
Free-cash
12 464
19 928
6 895
11 952

Estimated living cost  is ₴18143 per week

₴11686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27593
₴17821
₴20212
₴23842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
15 982
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
29 818
Employee
24 769
-
53 297
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 226
-
14 577
-
total
6 799
-
17 506
-
Employer
24 769
-
53 297
-
pensions
5 845
-
10 885
-
accident
490
-
913
-
unemployment
1 363
-
2 536
-
other
197
-
369
-
total
7 895
-
14 703
-
Corporate
35 336
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.

5 300
10 200
-
-
total
5 300
10 200
-
-
Dividends
30 036
57 800
-
-
withholding
6 194
12 237
-
-
total
6 194
12 237
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 188
22 437
32 209
29 818
After tax
41 812
45 563
35 791
38 182
Living cost
17 970
17 970
17 970
17 970
Free-cash
23 842
27 593
17 821
20 212

Estimated living cost  is ₴17970 per week

₴13233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13726
₴11490
₴8781
₴8477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
communal
-
-
-
4 297
accident
-
-
-
573
income
-
-
-
8 968
surtax
-
-
-
3 371
health
-
-
-
4 777
pensions
-
-
-
10 192
total
-
-
-
32 178
Employee
37 682
-
60 741
-
pensions
3 014
-
4 859
-
surtax
2 310
-
3 722
-
income
3 640
-
10 926
-
health
1 677
-
2 703
-
total
10 641
-
22 210
-
Employer
37 682
-
60 741
-
health
1 149
-
1 853
-
pensions
3 014
-
4 859
-
accident
339
-
547
-
total
4 502
-
7 259
-
Corporate
25 816
68 000
-
-
communal
1 742
4 590
-
-
income
3 872
10 200
-
-
surtax
271
714
-
-
total
5 885
15 504
-
-
Dividends
19 930
52 496
-
-
income
8 464
3 855
-
-
withholding
2 990
7 874
-
-
total
11 454
11 729
-
-
Income
68 000
68 000
68 000
68 000
Total tax
32 482
27 233
29 469
32 178
After tax
35 518
40 767
38 531
35 822
Living cost
27 041
27 041
27 041
27 041
Free-cash
8 477
13 726
11 490
8 781

Estimated living cost  is ₴27041 per week

₴20285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31597
₴19758
₴21090
₴30014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 463
other
-
-
-
-
surtax
-
-
-
2 161
unemployment
-
-
-
113
health
-
-
-
4 715
pensions
-
-
-
13 282
total
-
-
-
35 734
Employee
16 757
-
56 175
-
other
-
-
-
-
unemployment
1 166
-
3 910
-
pensions
1 118
-
3 747
-
surtax
59
-
1 951
-
income
2 809
-
14 201
-
health
428
-
1 432
-
total
5 580
-
25 241
-
Employer
16 757
-
56 175
-
health
762
-
2 556
-
pensions
2 234
-
7 488
-
unemployment
532
-
1 781
-
other
-
-
-
-
total
3 528
-
11 825
-
Corporate
47 715
68 000
-
-
income
12 406
17 680
-
-
total
12 406
17 680
-
-
Dividends
35 310
50 320
-
-
withholding
5 296
7 547
-
-
total
5 296
7 547
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 810
25 227
37 066
35 734
After tax
41 190
42 773
30 934
32 266
Living cost
11 176
11 176
11 176
11 176
Free-cash
30 014
31 597
19 758
21 090

Estimated living cost  is ₴11176 per week

₴6748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22338
₴16738
₴19958
₴21232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 719
total
-
-
-
34 638
Employee
27 602
-
68 000
-
municipal
146
-
361
-
national
4 373
-
13 652
-
regional
372
-
915
-
social contributions
9 308
-
22 930
-
total
14 199
-
37 858
-
Employer
27 602
-
68 000
-
total
-
-
-
-
Corporate
40 398
68 000
-
-
municipal
2 008
3 380
-
-
nationa
9 696
16 320
-
-
total
11 704
19 700
-
-
Dividends
28 695
48 301
-
-
withholding
7 461
12 558
-
-
total
7 461
12 558
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 364
32 258
37 858
34 638
After tax
34 636
35 742
30 142
33 362
Living cost
13 404
13 404
13 404
13 404
Free-cash
21 232
22 338
16 738
19 958

Estimated living cost  is ₴13404 per week

₴8336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31773
₴19461
₴20019
₴26406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 188
social contributions
-
-
-
17 568
solidarity contribution
-
-
-
-
health
-
-
-
9 180
total
-
-
-
32 936
Employee
22 125
-
50 746
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 299
-
income
2 655
-
6 090
-
health
2 987
-
6 851
-
total
7 080
-
16 240
-
Employer
22 125
-
50 746
-
health
1 991
-
4 567
-
social contributions
5 531
-
12 687
-
total
7 522
-
17 254
-
Corporate
38 353
68 000
-
-
income
7 287
12 920
-
-
total
7 287
12 920
-
-
Dividends
31 066
55 080
-
-
withholding
4 660
8 262
-
-
total
4 660
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 549
21 182
33 494
32 936
After tax
41 451
46 818
34 506
35 064
Living cost
15 045
15 045
15 045
15 045
Free-cash
26 406
31 773
19 461
20 019

Estimated living cost  is ₴15045 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
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.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21991
₴2425
₴18655
₴21745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 945
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
272
health
-
-
-
4 447
pensions
-
-
-
10 754
total
-
-
-
33 470
Employee
21 751
19 830
52 802
-
other
217
198
528
-
unemployment
652
595
1 584
-
pensions
2 228
2 030
5 407
-
income
1 938
1 463
12 212
-
health
841
768
2 043
-
total
5 876
5 054
21 774
-
Employer
21 751
19 830
52 802
-
chamber of commerce
87
79
212
-
health
822
750
1 996
-
pensions
2 730
2 489
6 627
-
accident
282
258
686
-
unemployment
652
595
1 584
-
surtax
-
-
-
-
payroll
652
595
1 584
-
other
1 033
941
2 508
-
total
6 258
5 707
15 197
-
Corporate
39 990
42 463
50 914
-
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.

9 998
10 615
12 729
-
total
9 998
10 615
12 729
-
Dividends
29 992
31 848
-
-
withholding
8 248
8 758
-
-
total
8 248
8 758
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 380
30 134
49 700
33 470
After tax
37 620
37 866
18 300
34 530
Living cost
15 875
15 875
15 875
15 875
Free-cash
21 745
21 991
2 425
18 655

Estimated living cost  is ₴15875 per week

₴9523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4447
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58339
₴48139
₴61059
₴57165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 826
-
68 000
-
income
1 565
-
13 600
-
total
1 565
-
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%.

60 174
68 000
-
-
total
-
-
-
-
Dividends
60 174
68 000
-
-
withholding
3 009
3 400
-
-
total
3 009
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 574
3 400
13 600
680
After tax
63 426
64 600
54 400
67 320
Living cost
6 261
6 261
6 261
6 261
Free-cash
57 165
58 339
48 139
61 059

Estimated living cost  is ₴6261 per week

₴4237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33472
₴19061
₴20863
₴29310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 579
unemployment
-
-
-
102
health
-
-
-
6 691
pensions
-
-
-
12 419
total
-
-
-
33 791
Employee

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

22 003
-
58 839
-
unemployment
31
-
82
-
pensions
3 411
-
9 120
-
income
3 794
-
13 428
-
health
1 421
-
3 801
-
total
8 657
-
26 431
-
Employer

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

22 003
-
58 839
-
health
1 465
-
3 919
-
pensions
1 947
-
5 208
-
unemployment
13
-
35
-
total
3 425
-
9 162
-
Corporate
42 571
68 000
-
-
income
8 089
12 920
-
-
total
8 089
12 920
-
-
Dividends
34 482
55 080
-
-
withholding
5 173
8 262
-
-
total
5 173
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 344
21 182
35 593
33 791
After tax
42 656
46 818
32 407
34 209
Living cost
13 346
13 346
13 346
13 346
Free-cash
29 310
33 472
19 061
20 863

Estimated living cost  is ₴13346 per week

₴9159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20012
₴40129
₴25634
-₴5809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 626
-
-
-
social contributions
2 511
-
358
-
income
6 756
-
-
-
total
9 267
-
358
-
Employer
30 626
-
-
-
social contributions
43 183
-
6 154
-
total
43 183
-
6 154
-
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
52 450
26 629
6 512
21 007
After tax
15 550
41 371
61 488
46 993
Living cost
21 359
21 359
21 359
21 359
Free-cash
-5 809
20 012
40 129
25 634

Estimated living cost  is ₴21359 per week

₴13859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23071
₴16915
₴21475
₴22570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 287
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 917
Employee
22 885
-
54 949
-
surtax
-
-
-
-
social contributions
2 517
-
6 044
-
income
4 760
-
16 382
-
total
7 277
-
22 426
-
Employer
22 885
-
54 949
-
social contributions
5 435
-
13 051
-
total
5 435
-
13 051
-
Corporate
39 680
68 000
-
-
income
8 333
14 280
-
-
surtax
-
-
-
-
total
8 333
14 280
-
-
Dividends
31 347
53 720
-
-
withholding
8 777
15 041
-
-
total
8 777
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 822
29 321
35 477
30 917
After tax
38 178
38 679
32 523
37 083
Living cost
15 608
15 608
15 608
15 608
Free-cash
22 570
23 071
16 915
21 475

Estimated living cost  is ₴15608 per week

₴11678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10239
₴15539
₴14604
₴13660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 057
other
-
-
-
2 108
surtax
-
-
-
-
social contributions
-
-
-
1 938
health
-
-
-
2 262
pensions
-
-
-
13 998
total
-
-
-
29 363
Employee
31 165
-
53 789
-
pensions
3 525
-
3 259
-
surtax
-
-
-
-
social contributions
888
-
1 533
-
income
2 719
-
9 426
-
total
7 132
-
14 218
-
Employer
31 165
-
53 789
-
health
2 181
-
4 407
-
pensions
5 121
-
5 571
-
unemployment
1 262
-
2 178
-
social contributions
93
-
161
-
other
1 076
-
1 893
-
total
9 733
-
14 210
-
Corporate
27 102
68 000
-
-
income
7 588
19 040
-
-
surtax
-
-
-
-
total
7 588
19 040
-
-
Dividends
19 514
48 960
-
-
surtax
-
-
-
-
social contributions
3 356
8 421
-
-
withholding
2 498
6 267
-
-
total
5 854
14 688
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 307
33 728
28 428
29 363
After tax
37 693
34 272
39 572
38 637
Living cost
24 033
24 033
24 033
24 033
Free-cash
13 660
10 239
15 539
14 604

Estimated living cost  is ₴24033 per week

₴16265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46243
₴37609
₴35801
₴44570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 282
social contributions
-
-
-
14 960
total
-
-
-
17 242
Employee
15 997
-
58 875
-
income
-
-
2 483
-
social contributions
1 040
-
3 826
-
total
1 040
-
6 309
-
Employer
15 997
-
58 875
-
social contributions
2 480
-
9 125
-
total
2 480
-
9 125
-
Corporate
49 524
68 000
-
-
income
4 953
6 800
-
-
total
4 953
6 800
-
-
Dividends
44 571
61 200
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
8 473
6 800
15 434
17 242
After tax
59 527
61 200
52 566
50 758
Living cost
14 957
14 957
14 957
14 957
Free-cash
44 570
46 243
37 609
35 801

Estimated living cost  is ₴14957 per week

₴9671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40404
-₴40404
₴17278
-₴40404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 405
municipal
-
-
-
13 582
national
-
-
-
7 342
pensions
-
-
-
431
total
-
-
-
26 760
Employee
101 137
101 137
101 137
-
municipal
21 536
21 536
21 536
-
labour market
8 079
8 079
8 079
-
pensions
144
144
144
-
national
12 356
12 356
12 356
-
total
42 115
42 115
42 115
-
Employer
101 137
101 137
101 137
-
national
12 377
12 377
12 377
-
labour market
8 091
8 091
8 091
-
pensions
288
288
288
-
municipal
21 571
21 571
21 571
-
total
42 327
42 327
42 327
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
84 442
84 442
84 442
26 760
After tax
-16 442
-16 442
-16 442
41 240
Living cost
23 962
23 962
23 962
23 962
Free-cash
-40 404
-40 404
-40 404
17 278

Estimated living cost  is ₴23962 per week

₴16400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5442
₴25249
₴35610
₴3828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 921
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
21 440
Employee
17 225
-
59 964
-
pensions
1 940
-
3 854
-
income
2 363
-
13 045
-
health
1 972
-
6 866
-
total
6 275
-
23 765
-
Employer
17 225
-
59 964
-
pensions
2 801
-
5 566
-
accident
288
-
1 001
-
unemployment
422
-
1 469
-
total
3 511
-
8 036
-
Corporate
47 264
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.

42 538
61 200
-
-
total
42 538
61 200
-
-
Dividends
4 726
6 800
-
-
withholding
898
1 292
-
-
total
898
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 222
62 492
31 801
21 440
After tax
14 778
5 508
36 199
46 560
Living cost
10 950
10 950
10 950
10 950
Free-cash
3 828
-5 442
25 249
35 610

Estimated living cost  is ₴10950 per week

₴7970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24716
₴17818
₴27142
₴25192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
839
municipal
-
-
-
12 088
national
-
-
-
8 827
total
-
-
-
21 754
Employee
26 179
-
57 205
-
municipal
4 288
-
9 326
-
unemployment
393
-
858
-
pensions
1 767
-
3 861
-
national
432
-
5 565
-
health
195
-
673
-
total
7 075
-
20 283
-
Employer
26 179
-
57 205
-
health
201
-
440
-
pensions
4 542
-
9 925
-
accident
26
-
58
-
unemployment
170
-
372
-
total
4 939
-
10 795
-
Corporate
36 882
68 000
-
-
income
7 377
13 600
-
-
total
7 377
13 600
-
-
Dividends

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

22 129
40 800
-
-
municipal
3 983
7 344
-
-
national
330
3 236
-
-
total
4 313
10 580
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 704
24 180
31 078
21 754
After tax
44 296
43 820
36 922
46 246
Living cost
19 104
19 104
19 104
19 104
Free-cash
25 192
24 716
17 818
27 142

Estimated living cost  is ₴19104 per week

₴12478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38149
₴35291
₴35942
₴35443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 753
social contributions
-
-
-
8 051
health
-
-
-
1 734
total
-
-
-
20 538
Employee
38 262
38 262
62 559
-
social contributions
1 447
3 176
4 283
-
income
4 166
3 542
10 402
-
health
296
651
1 063
-
total
5 909
7 369
15 748
-
Employer
38 262
38 262
62 559
-
health
322
708
1 158
-
social contributions
1 447
3 176
4 283
-
total
1 769
3 884
5 441
-
Corporate
48 802
25 854
-
-
income
6 100
3 232
-
-
total
6 100
3 232
-
-
Dividends
42 702
22 622
-
-
withholding
7 259
3 846
-
-
total
7 259
3 846
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 037
18 331
21 189
20 538
After tax
46 963
49 669
46 811
47 462
Living cost
11 520
11 520
11 520
11 520
Free-cash
35 443
38 149
35 291
35 942

Estimated living cost  is ₴11520 per week

₴6904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48411
₴38383
₴48364
₴45878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 756
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 165
total
-
-
-
11 736
Employee

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

11 421
-
63 137
-
unemployment
57
-
236
-
pensions
1 713
-
7 082
-
income
781
-
5 523
-
health
971
-
4 013
-
total
3 522
-
16 854
-
Employer

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

11 421
-
63 137
-
health
491
-
2 030
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 863
-
Corporate
55 403
68 000
-
-
income
4 987
6 120
-
-
total
4 987
6 120
-
-
Dividends
50 416
61 880
-
-
withholding
4 537
5 569
-
-
total
4 537
5 569
-
-
Income
68 000
68 000
68 000
68 000
Total tax
14 222
11 689
21 717
11 736
After tax
53 778
56 311
46 283
56 264
Living cost
7 900
7 900
7 900
7 900
Free-cash
45 878
48 411
38 383
48 364

Estimated living cost  is ₴7900 per week

₴5040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31880
₴22108
₴24499
₴29482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
15 982
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
29 818
Employee
18 399
-
53 297
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 547
-
14 577
-
total
4 715
-
17 506
-
Employer
18 399
-
53 297
-
pensions
4 342
-
10 885
-
accident
364
-
913
-
unemployment
1 012
-
2 536
-
other
147
-
369
-
total
5 865
-
14 703
-
Corporate
43 736
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.

6 561
10 200
-
-
total
6 561
10 200
-
-
Dividends
37 175
57 800
-
-
withholding
7 694
12 237
-
-
total
7 694
12 237
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 835
22 437
32 209
29 818
After tax
43 165
45 563
35 791
38 182
Living cost
13 683
13 683
13 683
13 683
Free-cash
29 482
31 880
22 108
24 499

Estimated living cost  is ₴13683 per week

₴9236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41422
₴42524
₴42597
₴41257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 122
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
24 393
Employee
1 538
-
67 171
-
unemployment
15
-
37
-
pensions
138
-
332
-
income
298
-
23 084
-
health
77
-
184
-
total
528
-
23 637
-
Employer
1 538
-
67 171
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
66 116
68 000
-
-
income
14 545
14 960
-
-
total
14 545
14 960
-
-
Dividends
51 570
53 040
-
-
withholding
10 314
10 608
-
-
total
10 314
10 608
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 733
25 568
24 466
24 393
After tax
42 267
42 432
43 534
43 607
Living cost
1 010
1 010
1 010
1 010
Free-cash
41 257
41 422
42 524
42 597

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40522
₴30567
₴30566
₴38075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 921
unemployment
-
-
-
552
health
-
-
-
3 789
pensions
-
-
-
9 564
total
-
-
-
28 826
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.

12 980
-
61 416
-
unemployment
97
-
276
-
pensions
1 817
-
5 150
-
income
1 789
-
14 921
-
health
668
-
1 894
-
total
4 371
-
22 241
-
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.

12 980
-
61 416
-
health
668
-
1 894
-
pensions
1 558
-
4 414
-
unemployment
97
-
276
-
total
2 323
-
6 584
-
Corporate
52 697
68 000
-
-
income
7 904
10 200
-
-
total
7 904
10 200
-
-
Dividends
44 792
57 800
-
-
withholding
6 719
8 670
-
-
total
6 719
8 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
21 317
18 870
28 825
28 826
After tax
46 683
49 130
39 175
39 174
Living cost
8 608
8 608
8 608
8 608
Free-cash
38 075
40 522
30 567
30 566

Estimated living cost  is ₴8608 per week

₴5796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
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.
₴1897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25264
₴19108
₴23668
₴25084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 287
surtax
-
-
-
-
social contributions

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

-
-
-
23 630
total
-
-
-
30 917
Employee
19 312
-
54 949
-
surtax
-
-
-
-
social contributions
2 125
-
6 044
-
income
3 774
-
16 382
-
total
5 899
-
22 426
-
Employer
19 312
-
54 949
-
social contributions
4 586
-
13 051
-
total
4 586
-
13 051
-
Corporate
44 101
68 000
-
-
income
9 261
14 280
-
-
surtax
-
-
-
-
total
9 261
14 280
-
-
Dividends
34 840
53 720
-
-
withholding
9 755
15 041
-
-
total
9 755
15 041
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 501
29 321
35 477
30 917
After tax
38 499
38 679
32 523
37 083
Living cost
13 415
13 415
13 415
13 415
Free-cash
25 084
25 264
19 108
23 668

Estimated living cost  is ₴13415 per week

₴9501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28076
₴18304
₴20695
₴24493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
15 982
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
29 818
Employee
24 031
-
53 297
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 129
-
2 168
-
income
5 019
-
14 577
-
total
6 544
-
17 506
-
Employer
24 031
-
53 297
-
pensions
5 671
-
10 885
-
accident
476
-
913
-
unemployment
1 322
-
2 536
-
other
193
-
369
-
total
7 662
-
14 703
-
Corporate
36 307
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.

5 447
10 200
-
-
total
5 447
10 200
-
-
Dividends
30 861
57 800
-
-
withholding
6 367
12 237
-
-
total
6 367
12 237
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 020
22 437
32 209
29 818
After tax
41 980
45 563
35 791
38 182
Living cost
17 487
17 487
17 487
17 487
Free-cash
24 493
28 076
18 304
20 695

Estimated living cost  is ₴17487 per week

₴12559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49584
₴47061
₴44606
₴46552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
14 838
Employee
11 330
-
64 591
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 133
-
6 459
-
health
521
-
799
-
total
2 774
-
8 975
-
Employer
11 330
-
64 591
-
health
782
-
1 199
-
pensions

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

1 248
-
1 914
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 223
-
3 408
-
Corporate
54 447
68 000
-
-
income
5 445
6 800
-
-
total
5 445
6 800
-
-
Dividends
49 003
61 200
-
-
withholding
2 450
3 060
-
-
total
2 450
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 892
9 860
12 383
14 838
After tax
55 108
58 140
55 617
53 162
Living cost
8 556
8 556
8 556
8 556
Free-cash
46 552
49 584
47 061
44 606

Estimated living cost  is ₴8556 per week

₴5659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15818
₴25514
₴19076
₴22327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 841
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.

-
-
-
1 036
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.

-
-
-
3 399
trade
-
-
-
6 438
total
-
-
-
29 714
Employee

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

24 758
-
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.

112
-
1 036
-
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.

2 036
-
18 841
-
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.

3 399
-
3 399
-
total
5 547
-
23 276
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 242
68 000
-
-
income
6 486
10 200
-
-
surtax

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

357
561
-
-
chamber of commerce
139
176
-
-
trade
6 206
9 758
-
-
total
13 188
20 695
-
-
Dividends
30 054
47 306
-
-
surtax

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

403
640
-
-
withholding
7 325
11 637
-
-
total
7 728
12 277
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 463
32 972
23 276
29 714
After tax
41 537
35 028
44 724
38 286
Living cost
19 210
19 210
19 210
19 210
Free-cash
22 327
15 818
25 514
19 076

Estimated living cost  is ₴19210 per week

₴13252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
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.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19255
₴9789
₴9789
₴20354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
income
-
-
-
18 976
social contributions
-
-
-
10 890
total
-
-
-
29 866
Employee
38 922
-
68 000
-
income
7 344
-
18 976
-
social contributions
3 234
-
10 890
-
total
10 578
-
29 866
-
Employer
38 922
-
68 000
-
total
-
-
-
-
Corporate
29 078
68 000
-
-
income
3 634
8 500
-
-
total
3 634
8 500
-
-
Dividends
25 443
59 500
-
-
withholding
5 089
11 900
-
-
total
5 089
11 900
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 301
20 400
29 866
29 866
After tax
48 699
47 600
38 134
38 134
Living cost
28 345
28 345
28 345
28 345
Free-cash
20 354
19 255
9 789
9 789

Estimated living cost  is ₴28345 per week

₴21564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23509
₴31486
₴32752
₴25248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
68 000
income
-
-
-
14 164
health

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

-
-
-
3 022
total
-
-
-
17 186
Employee
22 826
-
65 711
-
income
2 477
-
13 874
-
social contributions
2 287
-
2 289
-
total
4 764
-
16 163
-
Employer
22 826
-
65 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
42 887
68 000
-
-
income
15 010
23 800
-
-
total
15 010
23 800
-
-
Dividends
27 877
44 200
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 690
26 429
18 452
17 186
After tax
43 310
41 571
49 548
50 814
Living cost
18 062
18 062
18 062
18 062
Free-cash
25 248
23 509
31 486
32 752

Estimated living cost  is ₴18062 per week

₴11898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28143
₴21815
₴28078
₴29648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 343
pensions
-
-
-
4 086
total
-
-
-
21 429
Employee
25 384
-
59 584
-
pensions
1 937
-
5 169
-
income
4 623
-
13 166
-
health
331
-
941
-
total
6 891
-
19 276
-
Employer
25 384
-
59 584
-
health
482
-
1 132
-
pensions
2 565
-
7 284
-
total
3 047
-
8 416
-
Corporate
39 569
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.

7 518
12 920
-
-
total
7 518
12 920
-
-
Dividends
32 050
55 080
-
-
withholding
2 403
8 444
-
-
total
2 403
8 444
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 859
21 364
27 692
21 429
After tax
48 141
46 636
40 308
46 571
Living cost
18 493
18 493
18 493
18 493
Free-cash
29 648
28 143
21 815
28 078

Estimated living cost  is ₴18493 per week

₴12686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6526
₴24165
₴34526
₴3662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 921
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
21 440
Employee
18 930
-
59 964
-
pensions
2 132
-
3 854
-
income
2 597
-
13 045
-
health
2 167
-
6 866
-
total
6 896
-
23 765
-
Employer
18 930
-
59 964
-
pensions
3 078
-
5 566
-
accident
316
-
1 001
-
unemployment
464
-
1 469
-
total
3 858
-
8 036
-
Corporate
45 212
68 000
-
-
income

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

40 691
61 200
-
-
total
40 691
61 200
-
-
Dividends
4 521
6 800
-
-
withholding
859
1 292
-
-
total
859
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
52 304
62 492
31 801
21 440
After tax
15 696
5 508
36 199
46 560
Living cost
12 034
12 034
12 034
12 034
Free-cash
3 662
-6 526
24 165
34 526

Estimated living cost  is ₴12034 per week

₴8832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50499
₴39418
₴31663
₴48170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 914
unemployment
-
-
-
816
work injury
-
-
-
340
health insurance
-
-
-
5 032
pensions
-
-
-
12 512
total
-
-
-
29 614
Employee

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

10 757
-
68 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 323
-
income
1 076
-
10 914
-
total
4 034
-
21 859
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 243
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%.

572
680
-
-
total
572
680
-
-
Dividends
56 671
67 320
-
-
withholding
8 501
10 098
-
-
total
8 501
10 098
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 107
10 778
21 859
29 614
After tax
54 893
57 222
46 141
38 386
Living cost
6 723
6 723
6 723
6 723
Free-cash
48 170
50 499
39 418
31 663

Estimated living cost  is ₴6723 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15994
₴9877
₴12988
₴13731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 526
municipal
-
-
-
454
national
-
-
-
15 719
total
-
-
-
35 189
Employee
41 930
-
68 000
-
municipal
250
-
406
-
national
7 086
-
13 652
-
regional
633
-
1 312
-
social contributions
14 138
-
22 930
-
total
22 107
-
38 300
-
Employer
41 930
-
68 000
-
total
-
-
-
-
Corporate
26 070
68 000
-
-
municipal
1 257
3 278
-
-
nationa
6 257
16 320
-
-
total
7 514
19 598
-
-
Dividends
18 557
48 403
-
-
withholding
4 825
12 585
-
-
total
4 825
12 585
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 446
32 183
38 300
35 189
After tax
33 554
35 817
29 700
32 811
Living cost
19 823
19 823
19 823
19 823
Free-cash
13 731
15 994
9 877
12 988

Estimated living cost  is ₴19823 per week

₴13924
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.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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