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
₴23219
₴30789
₴26066
₴21321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 570
health

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

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

-
-
-
2 929
income

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

-
-
-
20 185
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.

-
-
-
1 110
total
-
-
-
31 794
Employee

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

16 400
-
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.

25
-
1 110
-
income

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

458
-
20 185
-
health

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

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

2 929
-
2 929
-
total
3 412
-
24 224
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 600
68 000
-
-
trade
8 127
10 710
-
-
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.

426
561
-
-
income
7 740
10 200
-
-
chamber of commerce
139
163
-
-
total
16 432
21 634
-
-
Dividends
35 169
46 367
-
-
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.

474
629
-
-
withholding
8 629
11 429
-
-
total
9 103
12 058
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 947
33 692
24 224
31 794
After tax
39 053
34 308
43 776
36 206
Living cost
12 987
12 987
12 987
12 987
Free-cash
26 066
21 321
30 789
23 219

Estimated living cost  is ₴12987 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴18609
₴19143
₴20434
₴20796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 399
national
-
-
-
11 465
pensions
-
-
-
8 160
total
-
-
-
27 755
Employee
33 540
-
58 785
-
pensions
1 342
-
2 351
-
national
6 420
-
11 873
-
municipal
4 143
-
7 662
-
total
11 905
-
21 886
-
Employer
33 540
-
58 785
-
pensions
2 683
-
4 703
-
social contributions
361
-
632
-
total
3 044
-
5 335
-
Corporate
29 203
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%.

5 841
13 600
-
-
total
5 841
13 600
-
-
Dividends
23 362
54 400
-
-
withholding
5 140
11 968
-
-
total
5 140
11 968
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 930
25 568
27 221
27 755
After tax
42 070
42 432
40 779
40 245
Living cost
21 636
21 636
21 636
21 636
Free-cash
20 434
20 796
19 143
18 609

Estimated living cost  is ₴21636 per week

₴14706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴13899
₴32054
₴41963
₴45480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
68 000
social contributions

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

-
-
-
16 428
income
-
-
-
11 413
microenterprise
-
-
-
-
surtax
-
-
-
17 340
total
-
-
-
45 181
Employee
12 529
-
49 522
-
income
2 230
-
9 648
-
social contributions

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

1 378
-
5 448
-
surtax
-
-
-
-
total
3 608
-
15 096
-
Employer
12 529
-
49 522
-
social contributions

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

3 018
-
11 930
-
surtax
-
-
-
-
total
3 018
-
11 930
-
Corporate
52 453
68 000
-
-
income

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

10 491
13 600
-
-
total
10 491
13 600
-
-
Dividends

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

41 962
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
17 117
13 600
27 026
45 181
After tax
50 883
54 400
40 974
22 819
Living cost
8 920
8 920
8 920
8 920
Free-cash
41 963
45 480
32 054
13 899

Estimated living cost  is ₴8920 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴20103
₴23705
₴12967
₴15594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
health
-
-
-
5 287
income
-
-
-
19 624
pensions
-
-
-
5 024
total
-
-
-
29 935
Employee
36 616
36 616
60 032
-
income

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

5 993
5 993
8 053
-
pensions
6 591
5 024
5 024
-
health
5 620
4 780
5 287
-
total
18 204
15 797
18 364
-
Employer
36 616
36 616
60 032
-
pensions
2 548
2 548
3 168
-
health
2 545
2 545
3 163
-
unemployment
1 318
1 318
1 638
-
total
6 411
6 411
7 969
-
Corporate
25 422
24 973
-
-
income
5 085
4 994
-
-
total
5 085
4 994
-
-
Dividends
20 337
19 978
-
-
withholding
3 050
2 997
-
-
income
4 321
4 245
-
-
total
7 371
7 242
-
-
Income
68 000
68 000
68 000
68 000
Total tax
37 071
34 444
26 333
29 935
After tax
30 929
33 556
41 667
38 065
Living cost
17 962
17 962
17 962
17 962
Free-cash
12 967
15 594
23 705
20 103

Estimated living cost  is ₴17962 per week

₴12729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴18723
₴18322
₴20266
₴20636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 200
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
17 155
health
-
-
-
2 255
national
-
-
-
5 160
pensions
-
-
-
3 907
total
-
-
-
32 785
Employee
23 499
-
56 644
-
national
-
-
4 939
-
municipal
7 007
-
16 891
-
total
7 007
-
21 830
-
Employer
23 499
-
56 644
-
pensions
2 540
-
3 907
-
other
2 731
-
4 200
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 383
-
11 356
-
Corporate
37 118
68 000
-
-
income
8 166
14 960
-
-
total
8 166
14 960
-
-
Dividends
28 952
53 040
-
-
withholding
8 686
15 912
-
-
total
8 686
15 912
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 242
30 872
33 186
32 785
After tax
36 758
37 128
34 814
35 215
Living cost
16 492
16 492
16 492
16 492
Free-cash
20 266
20 636
18 322
18 723

Estimated living cost  is ₴16492 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴19025
₴26932
₴23140
₴17115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 907
health

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

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

-
-
-
2 929
income

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

-
-
-
20 185
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.

-
-
-
1 110
total
-
-
-
32 131
Employee

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

21 744
-
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.

103
-
1 110
-
income

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

1 868
-
20 185
-
health

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

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

2 929
-
2 929
-
total
4 900
-
24 224
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 256
68 000
-
-
trade
7 609
11 186
-
-
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.

382
561
-
-
income
6 938
10 200
-
-
chamber of commerce
131
162
-
-
total
15 060
22 109
-
-
Dividends
31 196
45 891
-
-
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.

420
622
-
-
withholding
7 636
11 310
-
-
total
8 056
11 932
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 016
34 041
24 224
32 131
After tax
39 984
33 959
43 776
35 869
Living cost
16 844
16 844
16 844
16 844
Free-cash
23 140
17 115
26 932
19 025

Estimated living cost  is ₴16844 per week

₴11265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴32948
₴32330
₴33946
₴35725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 734
income
-
-
-
12 474
total
-
-
-
21 145
Employee
32 971
32 971
63 141
-
income
3 462
3 052
12 140
-
social contributions
1 602
2 736
3 691
-
health
328
561
1 073
-
total
5 392
6 349
16 904
-
Employer
32 971
32 971
63 141
-
health
357
610
1 168
-
social contributions
1 602
2 736
3 691
-
total
1 959
3 346
4 859
-
Corporate
46 741
31 683
-
-
income
5 843
3 960
-
-
total
5 843
3 960
-
-
Dividends
40 898
27 722
-
-
withholding
6 953
4 713
-
-
total
6 953
4 713
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 147
18 368
21 763
21 145
After tax
47 853
49 632
46 237
46 855
Living cost
13 907
13 907
13 907
13 907
Free-cash
33 946
35 725
32 330
32 948

Estimated living cost  is ₴13907 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴39286
₴31600
₴30558
₴30394
S + D Salary + Dividends

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

Dividends

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

Salary

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

11 289
4 493
56 904
-
income
1 380
549
6 956
-
pensions
1 129
449
5 690
-
unemployment
169
67
854
-
health
790
315
3 983
-
total
3 468
1 380
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.

11 289
4 493
56 904
-
pensions
2 201
876
11 096
-
total
2 201
876
11 096
-
Corporate
54 510
62 631
-
-
income
4 906
5 637
-
-
total
4 906
5 637
-
-
Dividends
49 604
56 994
-
-
social contributions
9 621
11 063
-
-
withholding
9 425
10 829
-
-
total
19 046
21 892
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 621
29 785
28 579
20 893
After tax
38 379
38 215
39 421
47 107
Living cost
7 821
7 821
7 821
7 821
Free-cash
30 558
30 394
31 600
39 286

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴26092
₴28839
₴41381
₴44044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
health
-
-
-
8 840
income
-
-
-
9 112
pensions
-
-
-
13 600
total
-
-
-
31 552
Employee
12 164
-
50 822
-
income
1 369
-
9 798
-
pensions
243
-
1 016
-
unemployment
194
-
813
-
total
1 806
-
11 627
-
Employer
12 164
-
50 822
-
pensions
2 433
-
10 164
-
health
1 581
-
6 607
-
unemployment
98
-
407
-
total
4 112
-
17 178
-
Corporate
51 725
68 000
-
-
income
10 345
13 600
-
-
total
10 345
13 600
-
-
Dividends
41 380
54 400
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
16 263
13 600
28 805
31 552
After tax
51 737
54 400
39 195
36 448
Living cost
10 356
10 356
10 356
10 356
Free-cash
41 381
44 044
28 839
26 092

Estimated living cost  is ₴10356 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴37113
₴27285
₴4066
-₴3890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
18 514
pensions
-
-
-
1 777
total
-
-
-
21 489
Employee
14 784
-
60 789
-
income
2 028
-
13 888
-
pensions
1 665
-
3 259
-
health
1 693
-
6 960
-
total
5 386
-
24 107
-
Employer
14 784
-
60 789
-
pensions
2 404
-
4 706
-
accident
247
-
1 015
-
unemployment
362
-
1 489
-
total
3 013
-
7 210
-
Corporate
50 203
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.

45 183
61 200
-
-
total
45 183
61 200
-
-
Dividends
5 020
6 800
-
-
withholding
954
1 292
-
-
total
954
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
54 536
62 492
31 317
21 489
After tax
13 464
5 508
36 683
46 511
Living cost
9 398
9 398
9 398
9 398
Free-cash
4 066
-3 890
27 285
37 113

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴63456
₴50536
₴60012
₴60736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 830
-
68 000
-
income
966
-
13 600
-
total
966
-
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%.

63 170
68 000
-
-
total
-
-
-
-
Dividends
63 170
68 000
-
-
withholding
3 158
3 400
-
-
total
3 158
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 124
3 400
13 600
680
After tax
63 876
64 600
54 400
67 320
Living cost
3 864
3 864
3 864
3 864
Free-cash
60 012
60 736
50 536
63 456

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴25178
₴27295
₴35640
₴38535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 097
health
-
-
-
2 869
income
-
-
-
9 782
pensions

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

-
-
-
15 649
total
-
-
-
31 397
Employee
15 568
-
54 311
-
income
2 680
-
10 488
-
pensions

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

1 090
-
3 802
-
unemployment
155
-
543
-
health
218
-
760
-
total
4 143
-
15 593
-
Employer
15 568
-
54 311
-
pensions

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

2 647
-
9 233
-
other
779
-
2 716
-
accident
124
-
435
-
health
218
-
760
-
unemployment
155
-
543
-
total
3 923
-
13 687
-
Corporate
48 508
68 000
-
-
income
10 186
14 280
-
-
total
10 186
14 280
-
-
Dividends
38 322
53 720
-
-
withholding
2 683
3 760
-
-
total
2 683
3 760
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 935
18 040
29 280
31 397
After tax
47 065
49 960
38 720
36 603
Living cost
11 425
11 425
11 425
11 425
Free-cash
35 640
38 535
27 295
25 178

Estimated living cost  is ₴11425 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴16844
₴10645
₴16176
₴16525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 587
pensions
-
-
-
3 721
total
-
-
-
22 308
Employee
40 816
-
59 475
-
income
7 357
-
14 454
-
pensions
3 938
-
4 635
-
health
673
-
893
-
total
11 968
-
19 982
-
Employer
40 816
-
59 475
-
pensions
4 819
-
7 395
-
health
775
-
1 130
-
total
5 594
-
8 525
-
Corporate
21 590
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.

4 102
12 920
-
-
total
4 102
12 920
-
-
Dividends
17 488
55 080
-
-
withholding
1 312
9 707
-
-
total
1 312
9 707
-
-
Income
68 000
68 000
68 000
68 000
Total tax
22 976
22 627
28 507
22 308
After tax
45 024
45 373
39 493
45 692
Living cost
28 848
28 848
28 848
28 848
Free-cash
16 176
16 525
10 645
16 844

Estimated living cost  is ₴28848 per week

₴21616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴48177
₴50762
₴50525
₴52517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 723
income
-
-
-
10 200
pensions

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

-
-
-
2 217
total
-
-
-
14 200
Employee
7 446
-
65 061
-
income
744
-
6 506
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
8 675
-
Employer
7 446
-
65 061
-
pensions

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

821
-
1 651
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 034
-
unemployment
45
-
90
-
total
1 462
-
2 940
-
Corporate
59 093
68 000
-
-
income
5 909
6 800
-
-
total
5 909
6 800
-
-
Dividends
53 184
61 200
-
-
withholding
2 659
3 060
-
-
total
2 659
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
11 852
9 860
11 615
14 200
After tax
56 148
58 140
56 385
53 800
Living cost
5 623
5 623
5 623
5 623
Free-cash
50 525
52 517
50 762
48 177

Estimated living cost  is ₴5623 per week

₴3283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴14289
₴17891
₴10858
₴9780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
health
-
-
-
5 287
income
-
-
-
19 624
pensions
-
-
-
5 024
total
-
-
-
29 935
Employee
39 753
36 616
60 032
-
income

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

5 993
5 993
8 053
-
pensions
5 024
5 024
5 024
-
health
4 959
4 780
5 287
-
total
15 976
15 797
18 364
-
Employer
39 753
36 616
60 032
-
pensions
2 767
2 548
3 168
-
health
2 762
2 545
3 163
-
unemployment
1 431
1 318
1 638
-
total
6 960
6 411
7 969
-
Corporate
21 287
24 973
-
-
income
4 257
4 994
-
-
total
4 257
4 994
-
-
Dividends
17 030
19 978
-
-
withholding
2 554
2 997
-
-
income
3 619
4 245
-
-
total
6 173
7 242
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 366
34 444
26 333
29 935
After tax
34 634
33 556
41 667
38 065
Living cost
23 776
23 776
23 776
23 776
Free-cash
10 858
9 780
17 891
14 289

Estimated living cost  is ₴23776 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴27103
₴24209
₴32847
₴36520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
9 180
income
-
-
-
6 600
solidarity contribution
-
-
-
-
total
-
-
-
30 599
Employee
15 145
-
50 746
-
income
1 817
-
6 090
-
solidarity contribution
-
-
-
-
social contributions
984
-
3 298
-
health
2 045
-
6 851
-
total
4 846
-
16 239
-
Employer
15 145
-
50 746
-
health
1 363
-
4 567
-
social contributions
3 786
-
12 687
-
total
5 149
-
17 254
-
Corporate
47 706
68 000
-
-
income
9 064
12 920
-
-
total
9 064
12 920
-
-
Dividends
38 642
55 080
-
-
withholding
5 796
8 262
-
-
total
5 796
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 855
21 182
33 493
30 599
After tax
43 145
46 818
34 507
37 401
Living cost
10 298
10 298
10 298
10 298
Free-cash
32 847
36 520
24 209
27 103

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴14847
₴11774
₴15948
₴18188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 489
municipal
-
-
-
404
national
-
-
-
16 373
regional
-
-
-
794
total
-
-
-
35 060
Employee
38 107
-
68 000
-
national
6 603
-
14 142
-
social contributions
12 850
-
22 930
-
municipal
202
-
360
-
regional
360
-
701
-
total
20 015
-
38 133
-
Employer
38 107
-
68 000
-
total
-
-
-
-
Corporate
29 893
68 000
-
-
nationa
7 174
16 320
-
-
municipal
1 166
2 652
-
-
total
8 340
18 972
-
-
Dividends
21 553
49 028
-
-
withholding
5 604
12 747
-
-
total
5 604
12 747
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 959
31 719
38 133
35 060
After tax
34 041
36 281
29 867
32 940
Living cost
18 093
18 093
18 093
18 093
Free-cash
15 948
18 188
11 774
14 847

Estimated living cost  is ₴18093 per week

₴12612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴22809
₴20288
₴31977
₴33310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
17 556
surtax
-
-
-
2 567
pensions
-
-
-
11 445
total
-
-
-
35 729
Employee
14 179
-
56 174
-
income
2 377
-
15 167
-
pensions
945
-
3 747
-
unemployment
987
-
3 910
-
health
362
-
1 432
-
other
-
-
-
-
surtax
46
-
2 169
-
total
4 717
-
26 425
-
Employer
14 179
-
56 174
-
pensions
1 890
-
7 488
-
other
-
-
-
-
health
645
-
2 557
-
unemployment
449
-
1 780
-
total
2 984
-
11 825
-
Corporate
50 836
68 000
-
-
income
13 217
17 680
-
-
total
13 217
17 680
-
-
Dividends
37 619
50 320
-
-
withholding
5 643
7 548
-
-
total
5 643
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 561
25 228
38 250
35 729
After tax
41 439
42 772
29 750
32 271
Living cost
9 462
9 462
9 462
9 462
Free-cash
31 977
33 310
20 288
22 809

Estimated living cost  is ₴9462 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴25984
₴19785
₴27846
₴25665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 587
pensions
-
-
-
3 721
total
-
-
-
22 308
Employee
27 354
-
59 475
-
income
4 927
-
14 454
-
pensions
2 322
-
4 635
-
health
397
-
893
-
total
7 646
-
19 982
-
Employer
27 354
-
59 475
-
pensions
2 961
-
7 395
-
health
520
-
1 130
-
total
3 481
-
8 525
-
Corporate
37 166
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.

7 061
12 920
-
-
total
7 061
12 920
-
-
Dividends
30 105
55 080
-
-
withholding
2 258
9 707
-
-
total
2 258
9 707
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 446
22 627
28 507
22 308
After tax
47 554
45 373
39 493
45 692
Living cost
19 708
19 708
19 708
19 708
Free-cash
27 846
25 665
19 785
25 984

Estimated living cost  is ₴19708 per week

₴14765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
₴23019
₴19715
₴12550
-₴1317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
153
city
-
-
-
717
national
-
-
-
908
regional
-
-
-
3 175
pensions
-
-
-
6 257
total
-
-
-
12 570
Employee
37 929
-
60 864
-
pensions
3 187
-
5 113
-
national
180
-
752
-
unemployment
-
-
-
-
city
407
-
653
-
health
86
-
137
-
regional
1 242
-
2 752
-
total
5 102
-
9 407
-
Employer
37 929
-
60 864
-
pensions
3 187
-
5 113
-
other

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

758
-
1 217
-
health
86
-
137
-
unemployment
-
-
-
-
total
4 031
-
6 467
-
Corporate
25 623
68 000
-
-
regional
5 419
14 382
-
-
national
2 178
5 780
-
-
total
7 597
20 162
-
-
Dividends
18 026
47 838
-
-
withholding
6 309
16 744
-
-
total
6 309
16 744
-
-
Income
68 000
68 000
68 000
68 000
Total tax
23 039
36 906
15 874
12 570
After tax
44 961
31 094
52 126
55 430
Living cost
32 411
32 411
32 411
32 411
Free-cash
12 550
-1 317
19 715
23 019

Estimated living cost  is ₴32411 per week

₴21076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴15891
₴24134
₴20922
₴13968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 243
health

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

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

-
-
-
2 929
income

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

-
-
-
20 185
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.

-
-
-
1 110
total
-
-
-
32 467
Employee

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

25 769
-
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.

167
-
1 110
-
income

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

3 030
-
20 185
-
health

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

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

2 929
-
2 929
-
total
6 126
-
24 224
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 231
68 000
-
-
trade
7 243
11 662
-
-
surtax

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

348
561
-
-
income
6 335
10 200
-
-
chamber of commerce
124
161
-
-
total
14 050
22 584
-
-
Dividends
28 182
45 416
-
-
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.

378
615
-
-
withholding
6 882
11 191
-
-
total
7 260
11 806
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 436
34 390
24 224
32 467
After tax
40 564
33 610
43 776
35 533
Living cost
19 642
19 642
19 642
19 642
Free-cash
20 922
13 968
24 134
15 891

Estimated living cost  is ₴19642 per week

₴14346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴23773
₴23538
₴22135
₴19601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 108
social contributions
-
-
-
1 938
health
-
-
-
2 640
income
-
-
-
10 029
surtax
-
-
-
-
pensions
-
-
-
12 842
total
-
-
-
29 557
Employee
18 351
-
53 111
-
income
1 083
-
9 898
-
pensions
2 075
-
3 492
-
social contributions
523
-
1 513
-
surtax
-
-
-
-
total
3 681
-
14 903
-
Employer
18 351
-
53 111
-
pensions
3 015
-
5 915
-
other
633
-
1 987
-
health
1 285
-
4 677
-
unemployment
743
-
2 151
-
social contributions
55
-
159
-
total
5 731
-
14 889
-
Corporate
43 918
68 000
-
-
surtax
-
-
-
-
income
12 297
19 040
-
-
total
12 297
19 040
-
-
Dividends
31 621
48 960
-
-
surtax
-
-
-
-
social contributions
5 439
8 422
-
-
withholding
4 047
6 267
-
-
total
9 486
14 689
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 195
33 729
29 792
29 557
After tax
36 805
34 271
38 208
38 443
Living cost
14 670
14 670
14 670
14 670
Free-cash
22 135
19 601
23 538
23 773

Estimated living cost  is ₴14670 per week

₴9250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴25227
₴24992
₴23437
₴21055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 108
social contributions
-
-
-
1 938
health
-
-
-
2 640
income
-
-
-
10 029
surtax
-
-
-
-
pensions
-
-
-
12 842
total
-
-
-
29 557
Employee
16 381
-
53 111
-
income
845
-
9 898
-
pensions
1 853
-
3 492
-
social contributions
467
-
1 513
-
surtax
-
-
-
-
total
3 165
-
14 903
-
Employer
16 381
-
53 111
-
pensions
2 692
-
5 915
-
other
566
-
1 987
-
health
1 146
-
4 677
-
unemployment
663
-
2 151
-
social contributions
49
-
159
-
total
5 116
-
14 889
-
Corporate
46 504
68 000
-
-
surtax
-
-
-
-
income
13 021
19 040
-
-
total
13 021
19 040
-
-
Dividends
33 482
48 960
-
-
surtax
-
-
-
-
social contributions
5 759
8 422
-
-
withholding
4 286
6 267
-
-
total
10 045
14 689
-
-
Income
68 000
68 000
68 000
68 000
Total tax
31 347
33 729
29 792
29 557
After tax
36 653
34 271
38 208
38 443
Living cost
13 216
13 216
13 216
13 216
Free-cash
23 437
21 055
24 992
25 227

Estimated living cost  is ₴13216 per week

₴7665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴34578
₴33397
₴32616
₴32394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 384
health
-
-
-
4 746
income
-
-
-
10 200
total
-
-
-
24 330
Employee
14 538
-
68 000
-
income
2 425
-
11 381
-
social contributions
2 007
-
9 384
-
health
1 015
-
4 746
-
total
5 447
-
25 511
-
Employer
14 538
-
68 000
-
total
-
-
-
-
Corporate
53 462
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%.

2 673
3 400
-
-
total
2 673
3 400
-
-
Dividends
50 789
64 600
-
-
social contributions
7 009
8 915
-
-
health
3 545
4 509
-
-
withholding
7 618
9 690
-
-
total
18 172
23 114
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 292
26 514
25 511
24 330
After tax
41 708
41 486
42 489
43 670
Living cost
9 092
9 092
9 092
9 092
Free-cash
32 616
32 394
33 397
34 578

Estimated living cost  is ₴9092 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴19771
₴2743
₴21925
₴22587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
272
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
17 035
surtax
-
-
-
85
pensions
-
-
-
9 267
total
-
-
-
33 121
Employee
21 428
17 087
53 268
-
income
2 439
1 260
13 436
-
pensions
2 194
1 749
5 129
-
unemployment
643
513
1 503
-
health
829
662
1 938
-
other
214
171
501
-
total
6 319
4 355
22 507
-
Employer
21 428
17 087
53 268
-
pensions
2 689
2 145
6 286
-
other
1 018
811
2 503
-
accident
278
222
651
-
health
810
646
1 893
-
payroll
643
513
1 598
-
chamber of commerce
85
68
213
-
unemployment
643
513
1 503
-
surtax
85
85
85
-
total
6 251
5 003
14 732
-
Corporate
40 321
45 910
51 640
-
income

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

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

10 080
11 478
12 910
-
total
10 080
11 478
12 910
-
Dividends
30 241
34 432
-
-
withholding
8 317
9 469
-
-
total
8 317
9 469
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 967
30 305
50 149
33 121
After tax
37 033
37 695
17 851
34 879
Living cost
15 108
15 108
15 108
15 108
Free-cash
21 925
22 587
2 743
19 771

Estimated living cost  is ₴15108 per week

₴10077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴13851
₴8730
₴15980
₴22412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
10 570
communal

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

-
-
-
3 446
national
-
-
-
24 499
total
-
-
-
38 515
Employee

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

30 671
-
52 669
-
pensions

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

2 300
-
3 950
-
national
9 429
-
18 676
-
unemployment

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

267
-
458
-
communal

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

1 600
-
2 747
-
health

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

1 441
-
2 475
-
total
15 037
-
28 306
-
Employer

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

30 671
-
52 669
-
pensions

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

2 718
-
4 666
-
accident

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

399
-
684
-
health

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

1 886
-
3 239
-
unemployment

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

448
-
769
-
surtax
3 478
-
5 972
-
total
8 929
-
15 330
-
Corporate
28 402
68 000
-
-
surtax
114
272
-
-
income
5 680
13 600
-
-
total
5 794
13 872
-
-
Dividends
22 608
54 128
-
-
withholding

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

6 626
16 082
-
-
total
6 626
16 082
-
-
Income
68 000
68 000
68 000
68 000
Total tax
36 386
29 954
43 636
38 515
After tax
31 614
38 046
24 364
29 485
Living cost
15 634
15 634
15 634
15 634
Free-cash
15 980
22 412
8 730
13 851

Estimated living cost  is ₴15634 per week

₴10070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴22761
₴20962
₴26860
₴29932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
17 831
pensions
-
-
-
11 247
total
-
-
-
29 754
Employee
21 343
-
55 330
-
income
4 503
-
16 359
-
pensions
1 003
-
1 868
-
unemployment
331
-
616
-
other
21
-
40
-
total
5 858
-
18 883
-
Employer
21 343
-
55 330
-
pensions
5 037
-
9 379
-
other
170
-
318
-
accident
422
-
787
-
unemployment
1 174
-
2 186
-
total
6 803
-
12 670
-
Corporate
39 853
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.

5 978
10 200
-
-
total
5 978
10 200
-
-
Dividends
33 875
57 800
-
-
withholding
7 016
12 383
-
-
total
7 016
12 383
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 655
22 583
31 553
29 754
After tax
42 345
45 417
36 447
38 246
Living cost
15 485
15 485
15 485
15 485
Free-cash
26 860
29 932
20 962
22 761

Estimated living cost  is ₴15485 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴11162
₴13872
₴11807
₴16925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
574
health
-
-
-
4 777
income
-
-
-
10 325
communal
-
-
-
4 298
surtax
-
-
-
3 371
pensions
-
-
-
10 192
total
-
-
-
33 537
Employee
32 471
-
60 741
-
income
3 136
-
12 283
-
pensions
2 597
-
4 859
-
health
1 445
-
2 703
-
surtax
1 990
-
3 723
-
total
9 168
-
23 568
-
Employer
32 471
-
60 741
-
pensions
2 597
-
4 859
-
accident
292
-
547
-
health
990
-
1 853
-
total
3 879
-
7 259
-
Corporate
31 650
68 000
-
-
communal
2 137
4 590
-
-
surtax
332
714
-
-
income
4 748
10 200
-
-
total
7 217
15 504
-
-
Dividends
24 433
52 495
-
-
withholding
3 665
7 874
-
-
income
8 963
4 396
-
-
total
12 628
12 270
-
-
Income
68 000
68 000
68 000
68 000
Total tax
32 892
27 774
30 827
33 537
After tax
35 108
40 226
37 173
34 463
Living cost
23 301
23 301
23 301
23 301
Free-cash
11 807
16 925
13 872
11 162

Estimated living cost  is ₴23301 per week

₴17479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴22640
₴20119
₴31777
₴33141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
17 556
surtax
-
-
-
2 567
pensions
-
-
-
11 445
total
-
-
-
35 729
Employee
14 440
-
56 174
-
income
2 421
-
15 167
-
pensions
963
-
3 747
-
unemployment
1 005
-
3 910
-
health
369
-
1 432
-
other
-
-
-
-
surtax
51
-
2 169
-
total
4 809
-
26 425
-
Employer
14 440
-
56 174
-
pensions
1 925
-
7 488
-
other
-
-
-
-
health
657
-
2 557
-
unemployment
458
-
1 780
-
total
3 040
-
11 825
-
Corporate
50 520
68 000
-
-
income
13 135
17 680
-
-
total
13 135
17 680
-
-
Dividends
37 385
50 320
-
-
withholding
5 608
7 548
-
-
total
5 608
7 548
-
-
Income
68 000
68 000
68 000
68 000
Total tax
26 592
25 228
38 250
35 729
After tax
41 408
42 772
29 750
32 271
Living cost
9 631
9 631
9 631
9 631
Free-cash
31 777
33 141
20 119
22 640

Estimated living cost  is ₴9631 per week

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

Source of data for Athens model

Close
Naples , Italy
₴21158
₴18103
₴23241
₴24193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 489
municipal
-
-
-
404
national
-
-
-
16 373
regional
-
-
-
1 026
total
-
-
-
35 292
Employee
23 785
-
68 000
-
national
3 768
-
14 142
-
social contributions
8 020
-
22 930
-
municipal
126
-
360
-
regional
320
-
915
-
total
12 234
-
38 347
-
Employer
23 785
-
68 000
-
total
-
-
-
-
Corporate
44 215
68 000
-
-
nationa
10 612
16 320
-
-
municipal
2 198
3 379
-
-
total
12 810
19 699
-
-
Dividends
31 405
48 301
-
-
withholding
8 165
12 558
-
-
total
8 165
12 558
-
-
Income
68 000
68 000
68 000
68 000
Total tax
33 209
32 257
38 347
35 292
After tax
34 791
35 743
29 653
32 708
Living cost
11 550
11 550
11 550
11 550
Free-cash
23 241
24 193
18 103
21 158

Estimated living cost  is ₴11550 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴24711
₴21817
₴29600
₴34128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
9 180
income
-
-
-
6 600
solidarity contribution
-
-
-
-
total
-
-
-
30 599
Employee
18 662
-
50 746
-
income
2 239
-
6 090
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 298
-
health
2 519
-
6 851
-
total
5 971
-
16 239
-
Employer
18 662
-
50 746
-
health
1 680
-
4 567
-
social contributions
4 666
-
12 687
-
total
6 346
-
17 254
-
Corporate
42 993
68 000
-
-
income
8 169
12 920
-
-
total
8 169
12 920
-
-
Dividends
34 824
55 080
-
-
withholding
5 224
8 262
-
-
total
5 224
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 710
21 182
33 493
30 599
After tax
42 290
46 818
34 507
37 401
Living cost
12 690
12 690
12 690
12 690
Free-cash
29 600
34 128
21 817
24 711

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴21285
₴4199
₴23853
₴24062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
272
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
17 035
surtax
-
-
-
-
pensions
-
-
-
9 267
total
-
-
-
33 036
Employee
18 743
17 087
53 346
-
income
1 670
1 260
13 469
-
pensions
1 919
1 749
5 129
-
unemployment
562
513
1 503
-
health
725
662
1 938
-
other
187
171
501
-
total
5 063
4 355
22 540
-
Employer
18 743
17 087
53 346
-
pensions
2 352
2 145
6 286
-
other
890
811
2 506
-
accident
243
222
651
-
health
709
646
1 893
-
payroll
562
513
1 601
-
chamber of commerce
75
68
213
-
unemployment
562
513
1 503
-
surtax
-
-
-
-
total
5 393
4 918
14 653
-
Corporate
43 863
45 995
51 719
-
income

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

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

10 966
11 499
12 929
-
total
10 966
11 499
12 929
-
Dividends
32 897
34 496
-
-
withholding
9 046
9 487
-
-
total
9 046
9 487
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 468
30 259
50 122
33 036
After tax
37 532
37 741
17 878
34 964
Living cost
13 679
13 679
13 679
13 679
Free-cash
23 853
24 062
4 199
21 285

Estimated living cost  is ₴13679 per week

₴8206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴61298
₴48378
₴57448
₴58578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 528
-
68 000
-
income
1 506
-
13 600
-
total
1 506
-
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%.

60 472
68 000
-
-
total
-
-
-
-
Dividends
60 472
68 000
-
-
withholding
3 024
3 400
-
-
total
3 024
3 400
-
-
Income
68 000
68 000
68 000
68 000
Total tax
4 530
3 400
13 600
680
After tax
63 470
64 600
54 400
67 320
Living cost
6 022
6 022
6 022
6 022
Free-cash
57 448
58 578
48 378
61 298

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴22093
₴20291
₴31729
₴35317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
102
health
-
-
-
6 691
income
-
-
-
15 195
pensions
-
-
-
12 418
total
-
-
-
34 406
Employee

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

18 961
-
58 839
-
income
3 270
-
14 043
-
pensions
2 939
-
9 120
-
unemployment
27
-
82
-
health
1 225
-
3 801
-
total
7 461
-
27 046
-
Employer

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

18 961
-
58 839
-
pensions
1 678
-
5 208
-
health
1 263
-
3 919
-
unemployment
11
-
35
-
total
2 952
-
9 162
-
Corporate
46 087
68 000
-
-
income
8 757
12 920
-
-
total
8 757
12 920
-
-
Dividends
37 331
55 080
-
-
withholding
5 600
8 262
-
-
total
5 600
8 262
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 770
21 182
36 208
34 406
After tax
43 230
46 818
31 792
33 594
Living cost
11 501
11 501
11 501
11 501
Free-cash
31 729
35 317
20 291
22 093

Estimated living cost  is ₴11501 per week

₴7893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴28531
₴43909
₴2557
₴22909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
social contributions
-
-
-
7 752
income
-
-
-
13 255
total
-
-
-
21 007
Employee
26 473
-
-
-
income
5 839
-
-
-
social contributions
2 171
-
309
-
total
8 010
-
309
-
Employer
26 473
-
-
-
social contributions
37 326
-
5 320
-
total
37 326
-
5 320
-
Corporate
4 201
68 000
-
-
income
924
14 960
-
-
total
924
14 960
-
-
Dividends
3 277
53 040
-
-
income
721
11 669
-
-
total
721
11 669
-
-
Income
68 000
68 000
68 000
68 000
Total tax
46 981
26 629
5 629
21 007
After tax
21 019
41 371
62 371
46 993
Living cost
18 462
18 462
18 462
18 462
Free-cash
2 557
22 909
43 909
28 531

Estimated living cost  is ₴18462 per week

₴11979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴23242
₴18295
₴24796
₴25229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
social contributions

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

-
-
-
23 630
income
-
-
-
7 679
surtax
-
-
-
-
total
-
-
-
31 309
Employee
19 720
-
54 949
-
income
4 102
-
17 160
-
social contributions
2 169
-
6 045
-
surtax
-
-
-
-
total
6 271
-
23 205
-
Employer
19 720
-
54 949
-
social contributions
4 684
-
13 051
-
total
4 684
-
13 051
-
Corporate
43 596
68 000
-
-
surtax
-
-
-
-
income
9 156
14 280
-
-
total
9 156
14 280
-
-
Dividends
34 441
53 720
-
-
withholding
9 644
15 042
-
-
total
9 644
15 042
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 755
29 322
36 256
31 309
After tax
38 245
38 678
31 744
36 691
Living cost
13 449
13 449
13 449
13 449
Free-cash
24 796
25 229
18 295
23 242

Estimated living cost  is ₴13449 per week

₴10063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴17734
₴17499
₴16509
₴13562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 108
social contributions
-
-
-
1 938
health
-
-
-
2 640
income
-
-
-
10 029
surtax
-
-
-
-
pensions
-
-
-
12 842
total
-
-
-
29 557
Employee
26 855
-
53 111
-
income
2 343
-
9 898
-
pensions
3 037
-
3 492
-
social contributions
765
-
1 513
-
surtax
-
-
-
-
total
6 145
-
14 903
-
Employer
26 855
-
53 111
-
pensions
4 413
-
5 915
-
other
927
-
1 987
-
health
1 880
-
4 677
-
unemployment
1 088
-
2 151
-
social contributions
81
-
159
-
total
8 389
-
14 889
-
Corporate
32 758
68 000
-
-
surtax
-
-
-
-
income
9 172
19 040
-
-
total
9 172
19 040
-
-
Dividends
23 586
48 960
-
-
surtax
-
-
-
-
social contributions
4 057
8 422
-
-
withholding
3 019
6 267
-
-
total
7 076
14 689
-
-
Income
68 000
68 000
68 000
68 000
Total tax
30 782
33 729
29 792
29 557
After tax
37 218
34 271
38 208
38 443
Living cost
20 709
20 709
20 709
20 709
Free-cash
16 509
13 562
17 499
17 734

Estimated living cost  is ₴20709 per week

₴14016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴37451
₴39258
₴46870
₴48311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 960
income
-
-
-
2 700
total
-
-
-
17 660
Employee
13 785
-
58 875
-
social contributions
896
-
3 827
-
income
-
-
2 901
-
total
896
-
6 728
-
Employer
13 785
-
58 875
-
social contributions
2 137
-
9 125
-
total
2 137
-
9 125
-
Corporate
52 079
68 000
-
-
income
5 208
6 800
-
-
total
5 208
6 800
-
-
Dividends
46 871
61 200
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
8 241
6 800
15 853
17 660
After tax
59 759
61 200
52 147
50 340
Living cost
12 889
12 889
12 889
12 889
Free-cash
46 870
48 311
39 258
37 451

Estimated living cost  is ₴12889 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
₴19883
-₴25462
-₴25462
-₴25462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
municipal
-
-
-
13 940
national
-
-
-
7 736
labour market
-
-
-
5 410
pensions
-
-
-
372
total
-
-
-
27 458
Employee
87 196
87 196
87 196
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 653
10 653
10 653
-
municipal
18 568
18 568
18 568
-
total
36 311
36 311
36 311
-
Employer
87 196
87 196
87 196
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 000
68 000
68 000
68 000
Total tax
72 803
72 803
72 803
27 458
After tax
-4 803
-4 803
-4 803
40 542
Living cost
20 659
20 659
20 659
20 659
Free-cash
-25 462
-25 462
-25 462
19 883

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
₴37251
₴27423
₴4088
-₴3752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
18 514
pensions
-
-
-
1 777
total
-
-
-
21 489
Employee
14 566
-
60 789
-
income
1 998
-
13 888
-
pensions
1 640
-
3 259
-
health
1 668
-
6 960
-
total
5 306
-
24 107
-
Employer
14 566
-
60 789
-
pensions
2 368
-
4 706
-
accident
243
-
1 015
-
unemployment
357
-
1 489
-
total
2 968
-
7 210
-
Corporate
50 465
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.

45 419
61 200
-
-
total
45 419
61 200
-
-
Dividends
5 047
6 800
-
-
withholding
959
1 292
-
-
total
959
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
54 652
62 492
31 317
21 489
After tax
13 348
5 508
36 683
46 511
Living cost
9 260
9 260
9 260
9 260
Free-cash
4 088
-3 752
27 423
37 251

Estimated living cost  is ₴9260 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴28491
₴19689
₴27514
₴26615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 084
health
-
-
-
868
national
-
-
-
10 095
total
-
-
-
23 047
Employee
22 559
-
57 206
-
pensions
1 522
-
3 862
-
national
373
-
6 312
-
municipal
3 695
-
9 321
-
unemployment
338
-
858
-
health
168
-
702
-
total
6 096
-
21 055
-
Employer
22 559
-
57 206
-
pensions
3 914
-
9 925
-
accident
23
-
57
-
health
173
-
440
-
unemployment
146
-
372
-
total
4 256
-
10 794
-
Corporate
41 185
68 000
-
-
income
8 237
13 600
-
-
total
8 237
13 600
-
-
Dividends

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

24 711
40 800
-
-
municipal
4 448
7 344
-
-
national
987
3 979
-
-
total
5 435
11 323
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 024
24 923
31 849
23 047
After tax
43 976
43 077
36 151
44 953
Living cost
16 462
16 462
16 462
16 462
Free-cash
27 514
26 615
19 689
28 491

Estimated living cost  is ₴16462 per week

₴10753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴36928
₴36310
₴37371
₴39705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 734
income
-
-
-
12 474
total
-
-
-
21 145
Employee
32 971
32 971
63 141
-
income
3 590
3 052
12 140
-
social contributions
1 247
2 736
3 691
-
health
255
561
1 073
-
total
5 092
6 349
16 904
-
Employer
32 971
32 971
63 141
-
health
277
610
1 168
-
social contributions
1 247
2 736
3 691
-
total
1 524
3 346
4 859
-
Corporate
51 457
31 683
-
-
income
6 432
3 960
-
-
total
6 432
3 960
-
-
Dividends
45 025
27 722
-
-
withholding
7 654
4 713
-
-
total
7 654
4 713
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 702
18 368
21 763
21 145
After tax
47 298
49 632
46 237
46 855
Living cost
9 927
9 927
9 927
9 927
Free-cash
37 371
39 705
36 310
36 928

Estimated living cost  is ₴9927 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴50045
₴41445
₴47322
₴49503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
6 856
pensions
-
-
-
2 727
total
-
-
-
11 147
Employee

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

9 842
-
63 810
-
income
673
-
5 793
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
836
-
3 458
-
total
3 034
-
15 557
-
Employer

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

9 842
-
63 810
-
pensions
541
-
2 238
-
health
423
-
1 749
-
unemployment
49
-
203
-
total
1 013
-
4 190
-
Corporate
57 145
68 000
-
-
income
5 143
6 120
-
-
total
5 143
6 120
-
-
Dividends
52 002
61 880
-
-
withholding
4 680
5 569
-
-
total
4 680
5 569
-
-
Income
68 000
68 000
68 000
68 000
Total tax
13 870
11 689
19 747
11 147
After tax
54 130
56 311
48 253
56 853
Living cost
6 808
6 808
6 808
6 808
Free-cash
47 322
49 503
41 445
50 045

Estimated living cost  is ₴6808 per week

₴4343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴26455
₴24656
₴31720
₴33626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
17 831
pensions
-
-
-
11 247
total
-
-
-
29 754
Employee
15 854
-
55 330
-
income
3 057
-
16 359
-
pensions
745
-
1 868
-
unemployment
246
-
616
-
other
15
-
40
-
total
4 063
-
18 883
-
Employer
15 854
-
55 330
-
pensions
3 741
-
9 379
-
other
127
-
318
-
accident
314
-
787
-
unemployment
872
-
2 186
-
total
5 054
-
12 670
-
Corporate
47 091
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.

7 064
10 200
-
-
total
7 064
10 200
-
-
Dividends
40 028
57 800
-
-
withholding
8 308
12 383
-
-
total
8 308
12 383
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 489
22 583
31 553
29 754
After tax
43 511
45 417
36 447
38 246
Living cost
11 791
11 791
11 791
11 791
Free-cash
31 720
33 626
24 656
26 455

Estimated living cost  is ₴11791 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴42336
₴42253
₴41065
₴41258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 000
health
-
-
-
621
income
-
-
-
23 012
pensions
-
-
-
857
total
-
-
-
24 490
Employee
1 789
-
67 036
-
income
346
-
22 967
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
23 609
-
Employer
1 789
-
67 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
65 809
68 000
-
-
income
14 478
14 960
-
-
total
14 478
14 960
-
-
Dividends
51 331
53 040
-
-
withholding
10 266
10 608
-
-
total
10 266
10 608
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 761
25 568
24 573
24 490
After tax
42 239
42 432
43 427
43 510
Living cost
1 174
1 174
1 174
1 174
Free-cash
41 065
41 258
42 253
42 336

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴33396
₴33395
₴39603
₴41714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
475
health
-
-
-
3 264
income
-
-
-
15 209
pensions
-
-
-
8 240
total
-
-
-
27 188
Employee

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

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

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

11 183
-
62 327
-
income
1 542
-
15 209
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
21 516
-
Employer

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

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

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

11 183
-
62 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
54 815
68 000
-
-
income
8 222
10 200
-
-
total
8 222
10 200
-
-
Dividends
46 593
57 800
-
-
withholding
6 989
8 670
-
-
total
6 989
8 670
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 981
18 870
27 189
27 188
After tax
47 019
49 130
40 811
40 812
Living cost
7 416
7 416
7 416
7 416
Free-cash
39 603
41 714
33 395
33 396

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴25132
₴20185
₴26965
₴27119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
68 000
social contributions

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

-
-
-
23 630
income
-
-
-
7 679
surtax
-
-
-
-
total
-
-
-
31 309
Employee
16 642
-
54 949
-
income
3 252
-
17 160
-
social contributions
1 831
-
6 045
-
surtax
-
-
-
-
total
5 083
-
23 205
-
Employer
16 642
-
54 949
-
social contributions
3 952
-
13 051
-
total
3 952
-
13 051
-
Corporate
47 406
68 000
-
-
surtax
-
-
-
-
income
9 955
14 280
-
-
total
9 955
14 280
-
-
Dividends
37 451
53 720
-
-
withholding
10 486
15 042
-
-
total
10 486
15 042
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 476
29 322
36 256
31 309
After tax
38 524
38 678
31 744
36 691
Living cost
11 559
11 559
11 559
11 559
Free-cash
26 965
27 119
20 185
25 132

Estimated living cost  is ₴11559 per week

₴8187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴23177
₴21378
₴27422
₴30348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
17 831
pensions
-
-
-
11 247
total
-
-
-
29 754
Employee
20 708
-
55 330
-
income
4 325
-
16 359
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 639
-
18 883
-
Employer
20 708
-
55 330
-
pensions
4 887
-
9 379
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 670
-
Corporate
40 690
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.

6 103
10 200
-
-
total
6 103
10 200
-
-
Dividends
34 587
57 800
-
-
withholding
7 165
12 383
-
-
total
7 165
12 383
-
-
Income
68 000
68 000
68 000
68 000
Total tax
25 509
22 583
31 553
29 754
After tax
42 491
45 417
36 447
38 246
Living cost
15 069
15 069
15 069
15 069
Free-cash
27 422
30 348
21 378
23 177

Estimated living cost  is ₴15069 per week

₴10822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴46422
₴49007
₴48149
₴50762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 723
income
-
-
-
10 200
pensions

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

-
-
-
2 217
total
-
-
-
14 200
Employee
9 769
-
65 061
-
income
977
-
6 506
-
pensions

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

858
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 391
-
8 675
-
Employer
9 769
-
65 061
-
pensions

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

1 077
-
1 651
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 034
-
unemployment
59
-
90
-
total
1 917
-
2 940
-
Corporate
56 314
68 000
-
-
income
5 631
6 800
-
-
total
5 631
6 800
-
-
Dividends
50 683
61 200
-
-
withholding
2 534
3 060
-
-
total
2 534
3 060
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 473
9 860
11 615
14 200
After tax
55 527
58 140
56 385
53 800
Living cost
7 378
7 378
7 378
7 378
Free-cash
48 149
50 762
49 007
46 422

Estimated living cost  is ₴7378 per week

₴4879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴20324
₴27222
₴24064
₴18454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 898
health

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

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

-
-
-
2 929
income

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

-
-
-
20 185
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.

-
-
-
1 110
total
-
-
-
31 122
Employee

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

21 334
-
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.

97
-
1 110
-
income

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

1 754
-
20 185
-
health

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

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

2 929
-
2 929
-
total
4 780
-
24 224
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 666
68 000
-
-
trade
6 697
9 758
-
-
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.

385
561
-
-
income
7 000
10 200
-
-
chamber of commerce
133
165
-
-
total
14 215
20 684
-
-
Dividends
32 451
47 316
-
-
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.

437
642
-
-
withholding
7 950
11 666
-
-
total
8 387
12 308
-
-
Income
68 000
68 000
68 000
68 000
Total tax
27 382
32 992
24 224
31 122
After tax
40 618
35 008
43 776
36 878
Living cost
16 554
16 554
16 554
16 554
Free-cash
24 064
18 454
27 222
20 324

Estimated living cost  is ₴16554 per week

₴11419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴12291
₴12291
₴24122
₴23175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 171
income
-
-
-
20 113
total
-
-
-
31 284
Employee
33 540
-
68 000
-
social contributions
2 786
-
11 171
-
income
6 329
-
20 113
-
total
9 115
-
31 284
-
Employer
33 540
-
68 000
-
total
-
-
-
-
Corporate
34 460
68 000
-
-
income
4 308
8 500
-
-
total
4 308
8 500
-
-
Dividends
30 153
59 500
-
-
withholding
6 030
11 900
-
-
total
6 030
11 900
-
-
Income
68 000
68 000
68 000
68 000
Total tax
19 453
20 400
31 284
31 284
After tax
48 547
47 600
36 716
36 716
Living cost
24 425
24 425
24 425
24 425
Free-cash
24 122
23 175
12 291
12 291

Estimated living cost  is ₴24425 per week

₴18582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴37367
₴33244
₴27868
₴26370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
2 863
income
-
-
-
12 205
total
-
-
-
15 068
Employee
19 670
-
66 028
-
social contributions
1 971
-
1 972
-
income
2 134
-
15 247
-
total
4 105
-
17 219
-
Employer
19 670
-
66 028
-
social contributions
1 971
-
1 972
-
total
1 971
-
1 972
-
Corporate
46 360
68 000
-
-
income
16 226
23 800
-
-
total
16 226
23 800
-
-
Dividends
30 134
44 200
-
-
social contributions
2 265
2 265
-
-
total
2 265
2 265
-
-
Income
68 000
68 000
68 000
68 000
Total tax
24 567
26 065
19 191
15 068
After tax
43 433
41 935
48 809
52 932
Living cost
15 565
15 565
15 565
15 565
Free-cash
27 868
26 370
33 244
37 367

Estimated living cost  is ₴15565 per week

₴10252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴29670
₴23471
₴31904
₴29351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 587
pensions
-
-
-
3 721
total
-
-
-
22 308
Employee
21 993
-
59 475
-
income
4 005
-
14 454
-
pensions
1 679
-
4 635
-
health
287
-
893
-
total
5 971
-
19 982
-
Employer
21 993
-
59 475
-
pensions
2 222
-
7 395
-
health
418
-
1 130
-
total
2 640
-
8 525
-
Corporate
43 367
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.

8 240
12 920
-
-
total
8 240
12 920
-
-
Dividends
35 127
55 080
-
-
withholding
3 223
9 707
-
-
total
3 223
9 707
-
-
Income
68 000
68 000
68 000
68 000
Total tax
20 074
22 627
28 507
22 308
After tax
47 926
45 373
39 493
45 692
Living cost
16 022
16 022
16 022
16 022
Free-cash
31 904
29 351
23 471
29 670

Estimated living cost  is ₴16022 per week

₴10991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
₴36335
₴26507
₴3947
-₴4668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
18 514
pensions
-
-
-
1 777
total
-
-
-
21 489
Employee
16 008
-
60 789
-
income
2 196
-
13 888
-
pensions
1 803
-
3 259
-
health
1 833
-
6 960
-
total
5 832
-
24 107
-
Employer
16 008
-
60 789
-
pensions
2 603
-
4 706
-
accident
267
-
1 015
-
unemployment
392
-
1 489
-
total
3 262
-
7 210
-
Corporate
48 730
68 000
-
-
income

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

43 857
61 200
-
-
total
43 857
61 200
-
-
Dividends
4 873
6 800
-
-
withholding
926
1 292
-
-
total
926
1 292
-
-
Income
68 000
68 000
68 000
68 000
Total tax
53 877
62 492
31 317
21 489
After tax
14 123
5 508
36 683
46 511
Living cost
10 176
10 176
10 176
10 176
Free-cash
3 947
-4 668
26 507
36 335

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴32412
₴41687
₴49427
₴51432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
340
unemployment
-
-
-
816
income
-
-
-
11 098
health insurance
-
-
-
5 032
pensions
-
-
-
12 512
total
-
-
-
29 798
Employee

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

9 264
-
68 000
-
income
926
-
11 098
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
20 523
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 736
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%.

587
680
-
-
total
587
680
-
-
Dividends
58 149
67 320
-
-
withholding
8 722
10 098
-
-
total
8 722
10 098
-
-
Income
68 000
68 000
68 000
68 000
Total tax
12 783
10 778
20 523
29 798
After tax
55 217
57 222
47 477
38 202
Living cost
5 790
5 790
5 790
5 790
Free-cash
49 427
51 432
41 687
32 412

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴15052
₴12067
₴16786
₴18737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 489
municipal
-
-
-
455
national
-
-
-
16 373
regional
-
-
-
1 550
total
-
-
-
35 867
Employee
36 131
-
68 000
-
national
6 106
-
14 142
-
social contributions
12 183
-
22 930
-
municipal
216
-
406
-
regional
545
-
1 374
-
total
19 050
-
38 852
-
Employer
36 131
-
68 000
-
total
-
-
-
-
Corporate
31 869
68 000
-
-
nationa
7 649
16 320
-
-
municipal
1 536
3 278
-
-
total
9 185
19 598
-
-
Dividends
22 684
48 403
-
-
withholding
5 898
12 584
-
-
total
5 898
12 584
-
-
Income
68 000
68 000
68 000
68 000
Total tax
34 133
32 182
38 852
35 867
After tax
33 867
35 818
29 148
32 133
Living cost
17 081
17 081
17 081
17 081
Free-cash
16 786
18 737
12 067
15 052

Estimated living cost  is ₴17081 per week

₴11999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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