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
₴ 69000
per

Your estimated
City
free-cash

Dresden , Germany
₴21839
₴26577
₴23622
₴31353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
trade
-
-
-
7 731
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.

-
-
-
20 614
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.

-
-
-
2 926
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.

-
-
-
1 134
total
-
-
-
32 405
Employee

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

16 382
-
69 000
-
health

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

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

2 926
-
2 926
-
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
-
1 134
-
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
-
20 614
-
total
3 409
-
24 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 618
69 000
-
-
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.

434
569
-
-
income
7 892
10 350
-
-
trade
8 287
10 867
-
-
chamber of commerce
141
164
-
-
total
16 754
21 950
-
-
Dividends
35 863
47 049
-
-
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.

484
638
-
-
withholding
8 803
11 600
-
-
total
9 287
12 238
-
-
Income
69 000
69 000
69 000
69 000
Total tax
29 450
34 188
24 674
32 405
After tax
39 550
34 812
44 326
36 595
Living cost
12 973
12 973
12 973
12 973
Free-cash
26 577
21 839
31 353
23 622

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21413
₴21052
₴19175
₴19717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
7 515
pensions
-
-
-
8 280
national
-
-
-
11 645
social contributions
-
-
-
742
total
-
-
-
28 182
Employee
33 550
-
59 650
-
municipal
4 144
-
7 782
-
pensions
1 342
-
2 386
-
national
6 422
-
12 059
-
total
11 908
-
22 227
-
Employer
33 550
-
59 650
-
social contributions
361
-
641
-
pensions
2 684
-
4 772
-
total
3 045
-
5 413
-
Corporate
30 191
69 000
-
-
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%.

6 038
13 800
-
-
total
6 038
13 800
-
-
Dividends
24 152
55 200
-
-
withholding
5 314
12 144
-
-
total
5 314
12 144
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 305
25 944
27 640
28 182
After tax
42 695
43 056
41 360
40 818
Living cost
21 643
21 643
21 643
21 643
Free-cash
21 052
21 413
19 717
19 175

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46289
₴42775
₴14345
₴32547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
microenterprise
-
-
-
-
income
-
-
-
11 738
surtax
-
-
-
17 595
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.

-
-
-
16 411
total
-
-
-
45 744
Employee
12 516
-
50 450
-
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.

1 377
-
5 550
-
surtax
-
-
-
-
income
2 228
-
9 839
-
total
3 605
-
15 389
-
Employer
12 516
-
50 450
-
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.

3 015
-
12 153
-
surtax
-
-
-
-
total
3 015
-
12 153
-
Corporate
53 470
69 000
-
-
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%.

10 694
13 800
-
-
total
10 694
13 800
-
-
Dividends

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

42 775
55 200
-
-
total
-
-
-
-
Income
69 000
69 000
69 000
69 000
Total tax
17 314
13 800
27 542
45 744
After tax
51 686
55 200
41 458
23 256
Living cost
8 911
8 911
8 911
8 911
Free-cash
42 775
46 289
32 547
14 345

Estimated living cost  is ₴8911 per week

₴5685
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.
₴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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16123
₴13498
₴20600
₴24468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
20 157
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
30 457
Employee
36 577
36 577
61 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
8 330
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
18 630
-
Employer
36 577
36 577
61 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
26 467
26 018
-
-
income
5 293
5 204
-
-
total
5 293
5 204
-
-
Dividends
21 174
20 815
-
-
income
4 500
4 423
-
-
withholding
3 176
3 122
-
-
total
7 676
7 545
-
-
Income
69 000
69 000
69 000
69 000
Total tax
37 559
34 934
26 589
30 457
After tax
31 441
34 066
42 411
38 543
Living cost
17 943
17 943
17 943
17 943
Free-cash
13 498
16 123
24 468
20 600

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴21125
₴20754
₴19131
₴18729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
17 443
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
5 369
total
-
-
-
33 320
Employee
23 581
-
57 604
-
municipal
7 032
-
17 178
-
national
-
-
5 147
-
total
7 032
-
22 325
-
Employer
23 581
-
57 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
38 010
69 000
-
-
income
8 362
15 180
-
-
total
8 362
15 180
-
-
Dividends
29 648
53 820
-
-
withholding
8 894
16 146
-
-
total
8 894
16 146
-
-
Income
69 000
69 000
69 000
69 000
Total tax
31 697
31 326
33 722
33 320
After tax
37 303
37 674
35 278
35 680
Living cost
16 549
16 549
16 549
16 549
Free-cash
20 754
21 125
18 729
19 131

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17631
₴23650
₴19426
₴27500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
trade
-
-
-
8 074
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.

-
-
-
20 614
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.

-
-
-
2 926
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.

-
-
-
1 134
total
-
-
-
32 748
Employee

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

21 721
-
69 000
-
health

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

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

2 926
-
2 926
-
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.

102
-
1 134
-
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.

1 866
-
20 614
-
total
4 894
-
24 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 279
69 000
-
-
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.

390
569
-
-
income
7 092
10 350
-
-
trade
7 778
11 350
-
-
chamber of commerce
132
163
-
-
total
15 392
22 432
-
-
Dividends
31 887
46 567
-
-
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.

429
632
-
-
withholding
7 809
11 479
-
-
total
8 238
12 111
-
-
Income
69 000
69 000
69 000
69 000
Total tax
28 524
34 543
24 674
32 748
After tax
40 476
34 457
44 326
36 252
Living cost
16 826
16 826
16 826
16 826
Free-cash
23 650
17 631
27 500
19 426

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴36466
₴34689
₴33592
₴32967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
12 826
health
-
-
-
1 760
social contributions
-
-
-
6 930
total
-
-
-
21 516
Employee
32 936
32 936
64 126
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 090
-
income
3 459
3 049
12 490
-
total
5 387
6 342
17 267
-
Employer
32 936
32 936
64 126
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 187
-
total
1 957
3 343
4 874
-
Corporate
47 764
32 721
-
-
income
5 970
4 090
-
-
total
5 970
4 090
-
-
Dividends
41 794
28 631
-
-
withholding
7 105
4 867
-
-
total
7 105
4 867
-
-
Income
69 000
69 000
69 000
69 000
Total tax
20 419
18 642
22 141
21 516
After tax
48 581
50 358
46 859
47 484
Living cost
13 892
13 892
13 892
13 892
Free-cash
34 689
36 466
32 967
33 592

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30992
₴31154
₴40018
₴32218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
8 435
pensions
-
-
-
6 900
unemployment
-
-
-
1 035
health
-
-
-
4 830
total
-
-
-
21 200
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.

11 234
4 471
57 741
-
health
786
313
4 042
-
income
1 373
547
7 059
-
pensions
1 123
447
5 774
-
unemployment
169
67
866
-
total
3 451
1 374
17 741
-
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.

11 234
4 471
57 741
-
pensions
2 191
872
11 259
-
total
2 191
872
11 259
-
Corporate
55 576
63 657
-
-
income
5 002
5 729
-
-
total
5 002
5 729
-
-
Dividends
50 574
57 928
-
-
social contributions
9 811
11 245
-
-
withholding
9 609
11 006
-
-
total
19 420
22 251
-
-
Income
69 000
69 000
69 000
69 000
Total tax
30 064
30 226
29 000
21 200
After tax
38 936
38 774
40 000
47 800
Living cost
7 782
7 782
7 782
7 782
Free-cash
31 154
30 992
32 218
40 018

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44855
₴42194
₴26639
₴29426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
9 246
pensions
-
-
-
13 800
health
-
-
-
8 970
total
-
-
-
32 016
Employee
12 151
-
51 569
-
income
1 368
-
9 942
-
pensions
243
-
1 031
-
unemployment
194
-
825
-
total
1 805
-
11 798
-
Employer
12 151
-
51 569
-
unemployment
98
-
413
-
pensions
2 430
-
10 314
-
health
1 579
-
6 704
-
total
4 107
-
17 431
-
Corporate
52 742
69 000
-
-
income
10 549
13 800
-
-
total
10 549
13 800
-
-
Dividends
42 193
55 200
-
-
total
-
-
-
-
Income
69 000
69 000
69 000
69 000
Total tax
16 461
13 800
29 229
32 016
After tax
52 539
55 200
39 771
36 984
Living cost
10 345
10 345
10 345
10 345
Free-cash
42 194
44 855
29 426
26 639

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3779
₴4152
₴37821
₴27901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
108
income
-
-
-
18 844
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 811
Employee
14 736
-
61 764
-
health
1 687
-
7 072
-
income
2 022
-
14 175
-
pensions
1 659
-
3 249
-
total
5 368
-
24 496
-
Employer
14 736
-
61 764
-
accident
246
-
1 031
-
unemployment
361
-
1 513
-
pensions
2 396
-
4 691
-
total
3 003
-
7 235
-
Corporate
51 261
69 000
-
-
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.

46 135
62 100
-
-
total
46 135
62 100
-
-
Dividends
5 126
6 900
-
-
withholding
974
1 311
-
-
total
974
1 311
-
-
Income
69 000
69 000
69 000
69 000
Total tax
55 480
63 411
31 731
21 811
After tax
13 520
5 589
37 269
47 189
Living cost
9 368
9 368
9 368
9 368
Free-cash
4 152
-3 779
27 901
37 821

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61696
₴60974
₴64456
₴51346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
69 000
microenterprise

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

-
-
-
690
total
-
-
-
690
Employee
4 817
-
69 000
-
income
963
-
13 800
-
total
963
-
13 800
-
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%.

64 183
69 000
-
-
total
-
-
-
-
Dividends
64 183
69 000
-
-
withholding
3 209
3 450
-
-
total
3 209
3 450
-
-
Income
69 000
69 000
69 000
69 000
Total tax
4 172
3 450
13 800
690
After tax
64 828
65 550
55 200
68 310
Living cost
3 854
3 854
3 854
3 854
Free-cash
60 974
61 696
51 346
64 456

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
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.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39282
₴36390
₴25955
₴27849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 040
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.

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
31 632
Employee
15 552
-
55 111
-
health
218
-
771
-
income
2 677
-
10 671
-
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.

1 088
-
3 858
-
unemployment
155
-
551
-
total
4 138
-
15 851
-
Employer
15 552
-
55 111
-
accident
124
-
441
-
other
778
-
2 756
-
unemployment
155
-
551
-
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.

2 644
-
9 368
-
health
218
-
771
-
total
3 919
-
13 887
-
Corporate
49 529
69 000
-
-
income
10 401
14 490
-
-
total
10 401
14 490
-
-
Dividends
39 128
54 510
-
-
withholding
2 739
3 815
-
-
total
2 739
3 815
-
-
Income
69 000
69 000
69 000
69 000
Total tax
21 197
18 305
29 738
31 632
After tax
47 803
50 695
39 262
37 368
Living cost
11 413
11 413
11 413
11 413
Free-cash
36 390
39 282
27 849
25 955

Estimated living cost  is ₴11413 per week

₴8064
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17145
₴17051
₴17515
₴11234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
19 008
pensions
-
-
-
3 733
total
-
-
-
22 741
Employee
40 669
-
60 337
-
health
670
-
901
-
income
7 331
-
14 819
-
pensions
3 923
-
4 640
-
total
11 924
-
20 360
-
Employer
40 669
-
60 337
-
pensions
4 802
-
7 516
-
health
772
-
1 146
-
total
5 574
-
8 662
-
Corporate
22 757
69 000
-
-
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.

4 324
13 110
-
-
total
4 324
13 110
-
-
Dividends
18 433
55 890
-
-
withholding
1 383
10 001
-
-
total
1 383
10 001
-
-
Income
69 000
69 000
69 000
69 000
Total tax
23 205
23 111
29 022
22 741
After tax
45 795
45 889
39 978
46 259
Living cost
28 744
28 744
28 744
28 744
Free-cash
17 051
17 145
11 234
17 515

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴53376
₴51385
₴49033
₴51669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 350
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 348
Employee
7 440
-
66 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
6 606
-
pensions

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

653
-
1 314
-
total
1 821
-
8 774
-
Employer
7 440
-
66 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
60 100
69 000
-
-
income
6 010
6 900
-
-
total
6 010
6 900
-
-
Dividends
54 090
62 100
-
-
withholding
2 705
3 105
-
-
total
2 705
3 105
-
-
Income
69 000
69 000
69 000
69 000
Total tax
11 996
10 005
11 712
14 348
After tax
57 004
58 995
57 288
54 652
Living cost
5 619
5 619
5 619
5 619
Free-cash
51 385
53 376
51 669
49 033

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10315
₴11392
₴14792
₴18660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
20 157
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
30 457
Employee
39 710
36 577
61 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
8 330
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
18 630
-
Employer
39 710
36 577
61 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
22 337
26 018
-
-
income
4 467
5 204
-
-
total
4 467
5 204
-
-
Dividends
17 870
20 815
-
-
income
3 797
4 423
-
-
withholding
2 681
3 122
-
-
total
6 478
7 545
-
-
Income
69 000
69 000
69 000
69 000
Total tax
33 857
34 934
26 589
30 457
After tax
35 143
34 066
42 411
38 543
Living cost
23 751
23 751
23 751
23 751
Free-cash
11 392
10 315
18 660
14 792

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37247
₴33587
₴27926
₴24965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
6 738
health
-
-
-
9 315
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
30 815
Employee
15 086
-
51 708
-
social contributions
981
-
3 286
-
health
2 037
-
6 981
-
solidarity contribution
-
-
-
-
income
1 810
-
6 216
-
total
4 828
-
16 483
-
Employer
15 086
-
51 708
-
social contributions
3 772
-
12 639
-
health
1 358
-
4 654
-
total
5 130
-
17 293
-
Corporate
48 784
69 000
-
-
income
9 269
13 110
-
-
total
9 269
13 110
-
-
Dividends
39 515
55 890
-
-
withholding
5 927
8 384
-
-
total
5 927
8 384
-
-
Income
69 000
69 000
69 000
69 000
Total tax
25 154
21 494
33 776
30 815
After tax
43 846
47 506
35 224
38 185
Living cost
10 259
10 259
10 259
10 259
Free-cash
33 587
37 247
24 965
27 926

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18742
₴16505
₴15282
₴12164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
410
regional
-
-
-
807
national
-
-
-
16 681
social contributions
-
-
-
17 747
total
-
-
-
35 645
Employee
38 066
-
69 000
-
social contributions
12 836
-
23 267
-
regional
359
-
712
-
municipal
202
-
366
-
national
6 596
-
14 418
-
total
19 993
-
38 763
-
Employer
38 066
-
69 000
-
total
-
-
-
-
Corporate
30 934
69 000
-
-
nationa
7 424
16 560
-
-
municipal
1 206
2 691
-
-
total
8 630
19 251
-
-
Dividends
22 303
49 749
-
-
withholding
5 799
12 934
-
-
total
5 799
12 934
-
-
Income
69 000
69 000
69 000
69 000
Total tax
34 422
32 185
38 763
35 645
After tax
34 578
36 815
30 237
33 355
Living cost
18 073
18 073
18 073
18 073
Free-cash
16 505
18 742
12 164
15 282

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
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.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33949
₴32616
₴23285
₴20618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
18 020
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 654
total
-
-
-
36 263
Employee
14 164
-
57 001
-
other
-
-
-
-
health
362
-
1 454
-
surtax
46
-
2 223
-
income
2 374
-
15 485
-
pensions
944
-
3 802
-
unemployment
986
-
3 967
-
total
4 712
-
26 931
-
Employer
14 164
-
57 001
-
other
-
-
-
-
unemployment
449
-
1 807
-
pensions
1 888
-
7 598
-
health
645
-
2 594
-
total
2 982
-
11 999
-
Corporate
51 854
69 000
-
-
income
13 482
17 940
-
-
total
13 482
17 940
-
-
Dividends
38 372
51 060
-
-
withholding
5 756
7 659
-
-
total
5 756
7 659
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 932
25 599
38 930
36 263
After tax
42 068
43 401
30 070
32 737
Living cost
9 452
9 452
9 452
9 452
Free-cash
32 616
33 949
20 618
23 285

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26252
₴28679
₴26622
₴20341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
19 008
pensions
-
-
-
3 733
total
-
-
-
22 741
Employee
27 255
-
60 337
-
health
396
-
901
-
income
4 909
-
14 819
-
pensions
2 313
-
4 640
-
total
7 618
-
20 360
-
Employer
27 255
-
60 337
-
pensions
2 950
-
7 516
-
health
518
-
1 146
-
total
3 468
-
8 662
-
Corporate
38 277
69 000
-
-
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.

7 272
13 110
-
-
total
7 272
13 110
-
-
Dividends
31 004
55 890
-
-
withholding
2 326
10 001
-
-
total
2 326
10 001
-
-
Income
69 000
69 000
69 000
69 000
Total tax
20 684
23 111
29 022
22 741
After tax
48 316
45 889
39 978
46 259
Living cost
19 637
19 637
19 637
19 637
Free-cash
28 679
26 252
20 341
26 622

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴820
₴13030
₴23803
₴20479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
city
-
-
-
728
pensions
-
-
-
6 348
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.

-
-
-
1 380
regional
-
-
-
3 253
health
-
-
-
155
national
-
-
-
961
total
-
-
-
12 825
Employee
37 884
-
61 758
-
city
407
-
663
-
regional
1 241
-
2 819
-
health
86
-
139
-
pensions
3 183
-
5 188
-
unemployment
-
-
-
-
national
179
-
777
-
total
5 096
-
9 586
-
Employer
37 884
-
61 758
-
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.

757
-
1 236
-
unemployment
-
-
-
-
pensions
3 183
-
5 188
-
health
86
-
139
-
total
4 026
-
6 563
-
Corporate
26 674
69 000
-
-
regional
5 641
14 593
-
-
national
2 267
5 865
-
-
total
7 908
20 458
-
-
Dividends
18 765
48 542
-
-
withholding
6 568
16 990
-
-
total
6 568
16 990
-
-
Income
69 000
69 000
69 000
69 000
Total tax
23 598
37 448
16 149
12 825
After tax
45 402
31 552
52 851
56 175
Living cost
32 372
32 372
32 372
32 372
Free-cash
13 030
-820
20 479
23 803

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14481
₴21426
₴16287
₴24705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
trade
-
-
-
8 418
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.

-
-
-
20 614
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.

-
-
-
2 926
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.

-
-
-
1 134
total
-
-
-
33 092
Employee

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

25 741
-
69 000
-
health

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

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

2 926
-
2 926
-
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
-
1 134
-
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.

3 027
-
20 614
-
total
6 120
-
24 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 259
69 000
-
-
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.

357
569
-
-
income
6 489
10 350
-
-
trade
7 419
11 834
-
-
chamber of commerce
126
162
-
-
total
14 391
22 915
-
-
Dividends
28 869
46 085
-
-
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.

388
625
-
-
withholding
7 054
11 358
-
-
total
7 442
11 983
-
-
Income
69 000
69 000
69 000
69 000
Total tax
27 953
34 898
24 674
33 092
After tax
41 047
34 102
44 326
35 908
Living cost
19 621
19 621
19 621
19 621
Free-cash
21 426
14 481
24 705
16 287

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20122
₴22653
₴24334
₴23981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 273
pensions
-
-
-
12 918
other
-
-
-
2 139
health
-
-
-
2 716
surtax
-
-
-
-
social contributions
-
-
-
1 966
total
-
-
-
30 012
Employee
18 331
-
53 826
-
social contributions
523
-
1 534
-
surtax
-
-
-
-
income
1 082
-
10 090
-
pensions
2 073
-
3 567
-
total
3 678
-
15 191
-
Employer
18 331
-
53 826
-
other
632
-
2 025
-
social contributions
55
-
162
-
unemployment
742
-
2 180
-
pensions
3 011
-
6 035
-
health
1 283
-
4 772
-
total
5 723
-
15 174
-
Corporate
44 944
69 000
-
-
surtax
-
-
-
-
income
12 584
19 320
-
-
total
12 584
19 320
-
-
Dividends
32 360
49 680
-
-
surtax
-
-
-
-
social contributions
5 566
8 545
-
-
withholding
4 142
6 359
-
-
total
9 708
14 904
-
-
Income
69 000
69 000
69 000
69 000
Total tax
31 693
34 224
30 365
30 012
After tax
37 307
34 776
38 635
38 988
Living cost
14 654
14 654
14 654
14 654
Free-cash
22 653
20 122
23 981
24 334

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21574
₴23954
₴25786
₴25433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 273
pensions
-
-
-
12 918
other
-
-
-
2 139
health
-
-
-
2 716
surtax
-
-
-
-
social contributions
-
-
-
1 966
total
-
-
-
30 012
Employee
16 363
-
53 826
-
social contributions
467
-
1 534
-
surtax
-
-
-
-
income
844
-
10 090
-
pensions
1 851
-
3 567
-
total
3 162
-
15 191
-
Employer
16 363
-
53 826
-
other
565
-
2 025
-
social contributions
49
-
162
-
unemployment
662
-
2 180
-
pensions
2 689
-
6 035
-
health
1 145
-
4 772
-
total
5 110
-
15 174
-
Corporate
47 527
69 000
-
-
surtax
-
-
-
-
income
13 307
19 320
-
-
total
13 307
19 320
-
-
Dividends
34 219
49 680
-
-
surtax
-
-
-
-
social contributions
5 885
8 545
-
-
withholding
4 380
6 359
-
-
total
10 265
14 904
-
-
Income
69 000
69 000
69 000
69 000
Total tax
31 844
34 224
30 365
30 012
After tax
37 156
34 776
38 635
38 988
Living cost
13 202
13 202
13 202
13 202
Free-cash
23 954
21 574
25 433
25 786

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴33014
₴33237
₴35230
₴33997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 350
health
-
-
-
4 816
social contributions
-
-
-
9 522
total
-
-
-
24 688
Employee
14 522
-
69 000
-
social contributions
2 004
-
9 522
-
health
1 014
-
4 816
-
income
2 422
-
11 583
-
total
5 440
-
25 921
-
Employer
14 522
-
69 000
-
total
-
-
-
-
Corporate
54 478
69 000
-
-
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%.

2 724
3 450
-
-
total
2 724
3 450
-
-
Dividends
51 754
65 550
-
-
health
3 612
4 575
-
-
social contributions
7 142
9 046
-
-
withholding
7 763
9 833
-
-
total
18 517
23 454
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 681
26 904
25 921
24 688
After tax
42 319
42 096
43 079
44 312
Living cost
9 082
9 082
9 082
9 082
Free-cash
33 237
33 014
33 997
35 230

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23146
₴22485
₴20303
₴3070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
chamber of commerce
-
-
-
276
income
-
-
-
17 532
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
33 605
Employee
21 405
17 069
54 210
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
13 841
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
22 903
-
Employer
21 405
17 069
54 210
-
accident
278
222
650
-
other
1 017
810
2 539
-
chamber of commerce
85
68
217
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
1 626
-
health
809
645
1 891
-
total
6 244
4 997
14 789
-
Corporate
41 351
46 934
52 584
-
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.

10 337
11 734
13 146
-
total
10 337
11 734
13 146
-
Dividends
31 013
35 200
-
-
withholding
8 529
9 680
-
-
total
8 529
9 680
-
-
Income
69 000
69 000
69 000
69 000
Total tax
31 423
30 762
50 838
33 605
After tax
37 577
38 238
18 162
35 395
Living cost
15 092
15 092
15 092
15 092
Free-cash
22 485
23 146
3 070
20 303

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22986
₴16562
₴14256
₴9039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
national
-
-
-
24 949
communal

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

-
-
-
3 499
social contributions
-
-
-
10 679
total
-
-
-
39 127
Employee

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

30 638
-
53 442
-
communal

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

1 598
-
2 787
-
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.

1 439
-
2 512
-
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.

2 298
-
4 008
-
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
-
465
-
national
9 419
-
19 017
-
total
15 021
-
28 789
-
Employer

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

30 638
-
53 442
-
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.

398
-
694
-
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.

447
-
780
-
surtax
3 474
-
6 060
-
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.

2 715
-
4 735
-
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.

1 884
-
3 286
-
total
8 918
-
15 555
-
Corporate
29 444
69 000
-
-
surtax
118
276
-
-
income
5 889
13 800
-
-
total
6 007
14 076
-
-
Dividends
23 437
54 924
-
-
withholding

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

6 875
16 321
-
-
total
6 875
16 321
-
-
Income
69 000
69 000
69 000
69 000
Total tax
36 821
30 397
44 344
39 127
After tax
32 179
38 603
24 656
29 873
Living cost
15 617
15 617
15 617
15 617
Free-cash
16 562
22 986
9 039
14 256

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30603
₴27550
₴23326
₴21530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
358
income
-
-
-
18 295
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 206
Employee
21 321
-
56 344
-
other
21
-
40
-
income
4 499
-
16 825
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
19 346
-
Employer
21 321
-
56 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
40 883
69 000
-
-
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.

6 133
10 350
-
-
total
6 133
10 350
-
-
Dividends
34 751
58 650
-
-
withholding
7 200
12 579
-
-
total
7 200
12 579
-
-
Income
69 000
69 000
69 000
69 000
Total tax
25 982
22 929
32 002
30 206
After tax
43 018
46 071
36 998
38 794
Living cost
15 468
15 468
15 468
15 468
Free-cash
27 550
30 603
21 530
23 326

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17475
₴12307
₴11559
₴14310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
582
income
-
-
-
10 611
pensions
-
-
-
10 342
health
-
-
-
4 848
surtax
-
-
-
3 420
communal
-
-
-
4 361
total
-
-
-
34 164
Employee
32 436
-
61 635
-
health
1 444
-
2 743
-
surtax
1 988
-
3 777
-
income
3 133
-
12 597
-
pensions
2 594
-
4 931
-
total
9 159
-
24 048
-
Employer
32 436
-
61 635
-
accident
292
-
554
-
pensions
2 594
-
4 931
-
health
989
-
1 880
-
total
3 875
-
7 365
-
Corporate
32 688
69 000
-
-
surtax
343
724
-
-
communal
2 207
4 657
-
-
income
4 903
10 350
-
-
total
7 453
15 731
-
-
Dividends
25 236
53 268
-
-
income
9 144
4 527
-
-
withholding
3 785
7 990
-
-
total
12 929
12 517
-
-
Income
69 000
69 000
69 000
69 000
Total tax
33 416
28 248
31 413
34 164
After tax
35 584
40 752
37 587
34 836
Living cost
23 277
23 277
23 277
23 277
Free-cash
12 307
17 475
14 310
11 559

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴33781
₴32419
₴23117
₴20450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
18 020
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 654
total
-
-
-
36 263
Employee
14 424
-
57 001
-
other
-
-
-
-
health
368
-
1 454
-
surtax
51
-
2 223
-
income
2 418
-
15 485
-
pensions
962
-
3 802
-
unemployment
1 004
-
3 967
-
total
4 803
-
26 931
-
Employer
14 424
-
57 001
-
other
-
-
-
-
unemployment
458
-
1 807
-
pensions
1 923
-
7 598
-
health
656
-
2 594
-
total
3 037
-
11 999
-
Corporate
51 539
69 000
-
-
income
13 400
17 940
-
-
total
13 400
17 940
-
-
Dividends
38 139
51 060
-
-
withholding
5 721
7 659
-
-
total
5 721
7 659
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 961
25 599
38 930
36 263
After tax
42 039
43 401
30 070
32 737
Living cost
9 620
9 620
9 620
9 620
Free-cash
32 419
33 781
20 450
23 117

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24731
₴23779
₴21583
₴18482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
410
regional
-
-
-
1 041
national
-
-
-
16 681
social contributions
-
-
-
17 747
total
-
-
-
35 879
Employee
23 759
-
69 000
-
social contributions
8 012
-
23 267
-
regional
320
-
929
-
municipal
126
-
366
-
national
3 764
-
14 418
-
total
12 222
-
38 980
-
Employer
23 759
-
69 000
-
total
-
-
-
-
Corporate
45 241
69 000
-
-
nationa
10 858
16 560
-
-
municipal
2 248
3 429
-
-
total
13 106
19 989
-
-
Dividends
32 135
49 011
-
-
withholding
8 355
12 742
-
-
total
8 355
12 742
-
-
Income
69 000
69 000
69 000
69 000
Total tax
33 683
32 731
38 980
35 879
After tax
35 317
36 269
30 020
33 121
Living cost
11 538
11 538
11 538
11 538
Free-cash
23 779
24 731
18 482
21 583

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
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.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34865
₴30355
₴25544
₴22583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
6 738
health
-
-
-
9 315
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
30 815
Employee
18 590
-
51 708
-
social contributions
1 208
-
3 286
-
health
2 510
-
6 981
-
solidarity contribution
-
-
-
-
income
2 231
-
6 216
-
total
5 949
-
16 483
-
Employer
18 590
-
51 708
-
social contributions
4 648
-
12 639
-
health
1 673
-
4 654
-
total
6 321
-
17 293
-
Corporate
44 089
69 000
-
-
income
8 377
13 110
-
-
total
8 377
13 110
-
-
Dividends
35 712
55 890
-
-
withholding
5 357
8 384
-
-
total
5 357
8 384
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 004
21 494
33 776
30 815
After tax
42 996
47 506
35 224
38 185
Living cost
12 641
12 641
12 641
12 641
Free-cash
30 355
34 865
22 583
25 544

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24619
₴24407
₴21815
₴4522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
chamber of commerce
-
-
-
276
income
-
-
-
17 532
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
33 520
Employee
18 723
17 069
54 289
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
13 875
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
22 937
-
Employer
18 723
17 069
54 289
-
accident
243
222
650
-
other
889
810
2 542
-
chamber of commerce
75
68
217
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
1 629
-
health
708
645
1 891
-
total
5 389
4 912
14 710
-
Corporate
44 889
47 018
52 663
-
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.

11 223
11 755
13 166
-
total
11 223
11 755
13 166
-
Dividends
33 666
35 263
-
-
withholding
9 258
9 698
-
-
total
9 258
9 698
-
-
Income
69 000
69 000
69 000
69 000
Total tax
30 928
30 716
50 813
33 520
After tax
38 072
38 284
18 187
35 480
Living cost
13 665
13 665
13 665
13 665
Free-cash
24 407
24 619
4 522
21 815

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59545
₴58419
₴62305
₴49195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
69 000
microenterprise

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

-
-
-
690
total
-
-
-
690
Employee
7 506
-
69 000
-
income
1 501
-
13 800
-
total
1 501
-
13 800
-
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%.

61 494
69 000
-
-
total
-
-
-
-
Dividends
61 494
69 000
-
-
withholding
3 075
3 450
-
-
total
3 075
3 450
-
-
Income
69 000
69 000
69 000
69 000
Total tax
4 576
3 450
13 800
690
After tax
64 424
65 550
55 200
68 310
Living cost
6 005
6 005
6 005
6 005
Free-cash
58 419
59 545
49 195
62 305

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36019
₴32437
₴22540
₴20711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
income
-
-
-
15 479
pensions
-
-
-
12 601
unemployment
-
-
-
103
health
-
-
-
6 789
total
-
-
-
34 972
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.

18 940
-
59 704
-
health
1 223
-
3 857
-
income
3 266
-
14 310
-
pensions
2 936
-
9 254
-
unemployment
27
-
84
-
total
7 452
-
27 505
-
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.

18 940
-
59 704
-
unemployment
11
-
36
-
pensions
1 676
-
5 284
-
health
1 261
-
3 976
-
total
2 948
-
9 296
-
Corporate
47 111
69 000
-
-
income
8 951
13 110
-
-
total
8 951
13 110
-
-
Dividends
38 160
55 890
-
-
withholding
5 724
8 383
-
-
total
5 724
8 383
-
-
Income
69 000
69 000
69 000
69 000
Total tax
25 075
21 493
36 801
34 972
After tax
43 925
47 507
32 199
34 028
Living cost
11 488
11 488
11 488
11 488
Free-cash
32 437
36 019
20 711
22 540

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23482
₴3090
₴29187
₴44862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
13 449
social contributions
-
-
-
7 866
total
-
-
-
21 315
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
5 079
69 000
-
-
income
1 117
15 180
-
-
total
1 117
15 180
-
-
Dividends
3 961
53 820
-
-
income
871
11 840
-
-
total
871
11 840
-
-
Income
69 000
69 000
69 000
69 000
Total tax
47 412
27 020
5 640
21 315
After tax
21 588
41 980
63 360
47 685
Living cost
18 498
18 498
18 498
18 498
Free-cash
3 090
23 482
44 862
29 187

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25812
₴25380
₴23758
₴18701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
income
-
-
-
7 830
surtax
-
-
-
-
social contributions

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

-
-
-
23 977
total
-
-
-
31 807
Employee
19 699
-
55 758
-
social contributions
2 167
-
6 133
-
surtax
-
-
-
-
income
4 098
-
17 489
-
total
6 265
-
23 622
-
Employer
19 699
-
55 758
-
social contributions
4 679
-
13 242
-
total
4 679
-
13 242
-
Corporate
44 622
69 000
-
-
surtax
-
-
-
-
income
9 371
14 490
-
-
total
9 371
14 490
-
-
Dividends
35 251
54 510
-
-
withholding
9 870
15 263
-
-
total
9 870
15 263
-
-
Income
69 000
69 000
69 000
69 000
Total tax
30 185
29 753
36 864
31 807
After tax
38 815
39 247
32 136
37 193
Living cost
13 435
13 435
13 435
13 435
Free-cash
25 380
25 812
18 701
23 758

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14089
₴17032
₴18301
₴17948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 273
pensions
-
-
-
12 918
other
-
-
-
2 139
health
-
-
-
2 716
surtax
-
-
-
-
social contributions
-
-
-
1 966
total
-
-
-
30 012
Employee
26 826
-
53 826
-
social contributions
764
-
1 534
-
surtax
-
-
-
-
income
2 341
-
10 090
-
pensions
3 034
-
3 567
-
total
6 139
-
15 191
-
Employer
26 826
-
53 826
-
other
926
-
2 025
-
social contributions
80
-
162
-
unemployment
1 087
-
2 180
-
pensions
4 408
-
6 035
-
health
1 878
-
4 772
-
total
8 379
-
15 174
-
Corporate
33 795
69 000
-
-
surtax
-
-
-
-
income
9 463
19 320
-
-
total
9 463
19 320
-
-
Dividends
24 332
49 680
-
-
surtax
-
-
-
-
social contributions
4 185
8 545
-
-
withholding
3 115
6 359
-
-
total
7 300
14 904
-
-
Income
69 000
69 000
69 000
69 000
Total tax
31 281
34 224
30 365
30 012
After tax
37 719
34 776
38 635
38 988
Living cost
20 687
20 687
20 687
20 687
Free-cash
17 032
14 089
17 948
18 301

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49225
₴47787
₴38164
₴39997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
2 781
social contributions
-
-
-
15 180
total
-
-
-
17 961
Employee
13 770
-
59 740
-
income
-
-
2 985
-
social contributions
895
-
3 883
-
total
895
-
6 868
-
Employer
13 770
-
59 740
-
social contributions
2 134
-
9 260
-
total
2 134
-
9 260
-
Corporate
53 096
69 000
-
-
income
5 309
6 900
-
-
total
5 309
6 900
-
-
Dividends
47 786
62 100
-
-
total
-
-
-
-
Income
69 000
69 000
69 000
69 000
Total tax
8 338
6 900
16 128
17 961
After tax
60 662
62 100
52 872
51 039
Living cost
12 875
12 875
12 875
12 875
Free-cash
47 787
49 225
39 997
38 164

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24362
-₴24362
₴20432
-₴24362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
14 181
pensions
-
-
-
371
national
-
-
-
7 889
labour market
-
-
-
5 490
total
-
-
-
27 931
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
69 000
69 000
69 000
69 000
Total tax
72 725
72 725
72 725
27 931
After tax
-3 725
-3 725
-3 725
41 069
Living cost
20 637
20 637
20 637
20 637
Free-cash
-24 362
-24 362
-24 362
20 432

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3641
₴4172
₴37959
₴28039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
108
income
-
-
-
18 844
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 811
Employee
14 519
-
61 764
-
health
1 663
-
7 072
-
income
1 992
-
14 175
-
pensions
1 635
-
3 249
-
total
5 290
-
24 496
-
Employer
14 519
-
61 764
-
accident
242
-
1 031
-
unemployment
356
-
1 513
-
pensions
2 361
-
4 691
-
total
2 959
-
7 235
-
Corporate
51 522
69 000
-
-
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.

46 370
62 100
-
-
total
46 370
62 100
-
-
Dividends
5 152
6 900
-
-
withholding
979
1 311
-
-
total
979
1 311
-
-
Income
69 000
69 000
69 000
69 000
Total tax
55 598
63 411
31 731
21 811
After tax
13 402
5 589
37 269
47 189
Living cost
9 230
9 230
9 230
9 230
Free-cash
4 172
-3 641
28 039
37 959

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27193
₴28116
₴28997
₴20162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
69 000
municipal
-
-
-
12 261
health
-
-
-
884
national
-
-
-
10 414
total
-
-
-
23 559
Employee
22 535
-
58 047
-
health
168
-
715
-
municipal
3 691
-
9 458
-
pensions
1 521
-
3 918
-
unemployment
338
-
871
-
national
372
-
6 479
-
total
6 090
-
21 441
-
Employer
22 535
-
58 047
-
accident
23
-
58
-
unemployment
146
-
377
-
pensions
3 910
-
10 071
-
health
173
-
447
-
total
4 252
-
10 953
-
Corporate
42 214
69 000
-
-
income
8 443
13 800
-
-
total
8 443
13 800
-
-
Dividends

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

25 328
41 400
-
-
national
1 096
4 111
-
-
municipal
4 559
7 452
-
-
total
5 655
11 563
-
-
Income
69 000
69 000
69 000
69 000
Total tax
24 440
25 363
32 394
23 559
After tax
44 560
43 637
36 606
45 441
Living cost
16 444
16 444
16 444
16 444
Free-cash
28 116
27 193
20 162
28 997

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40441
₴38111
₴37567
₴36942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
12 826
health
-
-
-
1 760
social contributions
-
-
-
6 930
total
-
-
-
21 516
Employee
32 936
32 936
64 126
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 090
-
income
3 586
3 049
12 490
-
total
5 086
6 342
17 267
-
Employer
32 936
32 936
64 126
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 187
-
total
1 522
3 343
4 874
-
Corporate
52 474
32 721
-
-
income
6 559
4 090
-
-
total
6 559
4 090
-
-
Dividends
45 915
28 631
-
-
withholding
7 805
4 867
-
-
total
7 805
4 867
-
-
Income
69 000
69 000
69 000
69 000
Total tax
20 972
18 642
22 141
21 516
After tax
48 028
50 358
46 859
47 484
Living cost
9 917
9 917
9 917
9 917
Free-cash
38 111
40 441
36 942
37 567

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50339
₴48159
₴50946
₴42356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69 000
income
-
-
-
6 967
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
11 254
Employee

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

9 831
-
64 814
-
health
836
-
3 454
-
income
672
-
5 905
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
15 658
-
Employer

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

9 831
-
64 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
58 157
69 000
-
-
income
5 234
6 210
-
-
total
5 234
6 210
-
-
Dividends
52 923
62 790
-
-
withholding
4 763
5 651
-
-
total
4 763
5 651
-
-
Income
69 000
69 000
69 000
69 000
Total tax
14 041
11 861
19 844
11 254
After tax
54 959
57 139
49 156
57 746
Living cost
6 800
6 800
6 800
6 800
Free-cash
48 159
50 339
42 356
50 946

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34293
₴32402
₴27016
₴25220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
358
income
-
-
-
18 295
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 206
Employee
15 837
-
56 344
-
other
15
-
40
-
income
3 053
-
16 825
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
19 346
-
Employer
15 837
-
56 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
48 113
69 000
-
-
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.

7 217
10 350
-
-
total
7 217
10 350
-
-
Dividends
40 896
58 650
-
-
withholding
8 496
12 579
-
-
total
8 496
12 579
-
-
Income
69 000
69 000
69 000
69 000
Total tax
24 820
22 929
32 002
30 206
After tax
44 180
46 071
36 998
38 794
Living cost
11 778
11 778
11 778
11 778
Free-cash
32 402
34 293
25 220
27 016

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41886
₴41693
₴42993
₴42911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
23 365
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
24 837
Employee
1 782
-
68 040
-
health
89
-
213
-
income
345
-
23 320
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
23 960
-
Employer
1 782
-
68 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
66 817
69 000
-
-
income
14 700
15 180
-
-
total
14 700
15 180
-
-
Dividends
52 118
53 820
-
-
withholding
10 424
10 764
-
-
total
10 424
10 764
-
-
Income
69 000
69 000
69 000
69 000
Total tax
26 137
25 944
24 919
24 837
After tax
42 863
43 056
44 081
44 163
Living cost
1 170
1 170
1 170
1 170
Free-cash
41 693
41 886
42 911
42 993

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42444
₴40337
₴34165
₴34166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
income
-
-
-
15 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
27 427
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.

11 170
-
63 334
-
health
575
-
1 630
-
income
1 540
-
15 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
21 760
-
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.

11 170
-
63 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
55 830
69 000
-
-
income
8 375
10 350
-
-
total
8 375
10 350
-
-
Dividends
47 456
58 650
-
-
withholding
7 118
8 798
-
-
total
7 118
8 798
-
-
Income
69 000
69 000
69 000
69 000
Total tax
21 255
19 148
27 426
27 427
After tax
47 745
49 852
41 574
41 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
40 337
42 444
34 166
34 165

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27700
₴27546
₴25646
₴20589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
income
-
-
-
7 830
surtax
-
-
-
-
social contributions

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

-
-
-
23 977
total
-
-
-
31 807
Employee
16 624
-
55 758
-
social contributions
1 829
-
6 133
-
surtax
-
-
-
-
income
3 248
-
17 489
-
total
5 077
-
23 622
-
Employer
16 624
-
55 758
-
social contributions
3 948
-
13 242
-
total
3 948
-
13 242
-
Corporate
48 428
69 000
-
-
surtax
-
-
-
-
income
10 170
14 490
-
-
total
10 170
14 490
-
-
Dividends
38 258
54 510
-
-
withholding
10 712
15 263
-
-
total
10 712
15 263
-
-
Income
69 000
69 000
69 000
69 000
Total tax
29 907
29 753
36 864
31 807
After tax
39 093
39 247
32 136
37 193
Living cost
11 547
11 547
11 547
11 547
Free-cash
27 546
27 700
20 589
25 646

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴31018
₴28111
₴23741
₴21945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
358
income
-
-
-
18 295
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 206
Employee
20 686
-
56 344
-
other
20
-
40
-
income
4 321
-
16 825
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
19 346
-
Employer
20 686
-
56 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
41 719
69 000
-
-
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.

6 258
10 350
-
-
total
6 258
10 350
-
-
Dividends
35 461
58 650
-
-
withholding
7 349
12 579
-
-
total
7 349
12 579
-
-
Income
69 000
69 000
69 000
69 000
Total tax
25 836
22 929
32 002
30 206
After tax
43 164
46 071
36 998
38 794
Living cost
15 053
15 053
15 053
15 053
Free-cash
28 111
31 018
21 945
23 741

Estimated living cost  is ₴15053 per week

₴10810
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.
₴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.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51623
₴49012
₴47280
₴49916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
10 350
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 348
Employee
9 762
-
66 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
6 606
-
pensions

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

857
-
1 314
-
total
2 389
-
8 774
-
Employer
9 762
-
66 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
57 322
69 000
-
-
income
5 732
6 900
-
-
total
5 732
6 900
-
-
Dividends
51 590
62 100
-
-
withholding
2 579
3 105
-
-
total
2 579
3 105
-
-
Income
69 000
69 000
69 000
69 000
Total tax
12 616
10 005
11 712
14 348
After tax
56 384
58 995
57 288
54 652
Living cost
7 372
7 372
7 372
7 372
Free-cash
49 012
51 623
49 916
47 280

Estimated living cost  is ₴7372 per week

₴4876
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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18986
₴24589
₴20746
₴27790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
trade
-
-
-
7 044
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.

-
-
-
20 614
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.

-
-
-
2 926
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.

-
-
-
1 134
total
-
-
-
31 718
Employee

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

21 311
-
69 000
-
health

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

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

2 926
-
2 926
-
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
-
1 134
-
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.

1 752
-
20 614
-
total
4 775
-
24 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 689
69 000
-
-
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.

393
569
-
-
income
7 154
10 350
-
-
trade
6 843
9 902
-
-
chamber of commerce
135
166
-
-
total
14 525
20 987
-
-
Dividends
33 164
48 013
-
-
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.

447
651
-
-
withholding
8 128
11 840
-
-
total
8 575
12 491
-
-
Income
69 000
69 000
69 000
69 000
Total tax
27 875
33 478
24 674
31 718
After tax
41 125
35 522
44 326
37 282
Living cost
16 536
16 536
16 536
16 536
Free-cash
24 589
18 986
27 790
20 746

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23901
₴24847
₴12718
₴12718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
20 520
social contributions
-
-
-
11 363
total
-
-
-
31 883
Employee
33 504
-
69 000
-
income
6 322
-
20 520
-
social contributions
2 783
-
11 363
-
total
9 105
-
31 883
-
Employer
33 504
-
69 000
-
total
-
-
-
-
Corporate
35 496
69 000
-
-
income
4 437
8 625
-
-
total
4 437
8 625
-
-
Dividends
31 059
60 375
-
-
withholding
6 212
12 075
-
-
total
6 212
12 075
-
-
Income
69 000
69 000
69 000
69 000
Total tax
19 754
20 700
31 883
31 883
After tax
49 246
48 300
37 117
37 117
Living cost
24 399
24 399
24 399
24 399
Free-cash
24 847
23 901
12 718
12 718

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27039
₴28535
₴38399
₴33906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
67 030
-
income
2 132
-
15 606
-
social contributions
1 969
-
1 970
-
total
4 101
-
17 576
-
Employer
19 649
-
67 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
47 383
69 000
-
-
income
16 584
24 150
-
-
total
16 584
24 150
-
-
Dividends
30 799
44 850
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
69 000
69 000
69 000
69 000
Total tax
24 917
26 413
19 546
15 053
After tax
44 083
42 587
49 454
53 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
28 535
27 039
33 906
38 399

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29924
₴32469
₴30294
₴24013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
income
-
-
-
19 008
pensions
-
-
-
3 733
total
-
-
-
22 741
Employee
21 914
-
60 337
-
health
286
-
901
-
income
3 991
-
14 819
-
pensions
1 673
-
4 640
-
total
5 950
-
20 360
-
Employer
21 914
-
60 337
-
pensions
2 214
-
7 516
-
health
416
-
1 146
-
total
2 630
-
8 662
-
Corporate
44 456
69 000
-
-
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.

8 447
13 110
-
-
total
8 447
13 110
-
-
Dividends
36 009
55 890
-
-
withholding
3 539
10 001
-
-
total
3 539
10 001
-
-
Income
69 000
69 000
69 000
69 000
Total tax
20 566
23 111
29 022
22 741
After tax
48 434
45 889
39 978
46 259
Living cost
15 965
15 965
15 965
15 965
Free-cash
32 469
29 924
24 013
30 294

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
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.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4554
₴4034
₴37046
₴27126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
accident
-
-
-
108
income
-
-
-
18 844
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 811
Employee
15 956
-
61 764
-
health
1 827
-
7 072
-
income
2 189
-
14 175
-
pensions
1 797
-
3 249
-
total
5 813
-
24 496
-
Employer
15 956
-
61 764
-
accident
266
-
1 031
-
unemployment
391
-
1 513
-
pensions
2 594
-
4 691
-
total
3 251
-
7 235
-
Corporate
49 792
69 000
-
-
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.

44 813
62 100
-
-
total
44 813
62 100
-
-
Dividends
4 979
6 900
-
-
withholding
946
1 311
-
-
total
946
1 311
-
-
Income
69 000
69 000
69 000
69 000
Total tax
54 823
63 411
31 731
21 811
After tax
14 177
5 589
37 269
47 189
Living cost
10 143
10 143
10 143
10 143
Free-cash
4 034
-4 554
27 126
37 046

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52278
₴50275
₴33100
₴42518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 000
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
11 279
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
30 115
Employee

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

9 257
-
69 000
-
work injury
46
-
171
-
income
926
-
11 279
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
20 697
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 743
69 000
-
-
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%.

597
690
-
-
total
597
690
-
-
Dividends
59 146
68 310
-
-
withholding
8 872
10 247
-
-
total
8 872
10 247
-
-
Income
69 000
69 000
69 000
69 000
Total tax
12 940
10 937
20 697
30 115
After tax
56 060
58 063
48 303
38 885
Living cost
5 785
5 785
5 785
5 785
Free-cash
50 275
52 278
42 518
33 100

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19282
₴17334
₴15474
₴12446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 000
municipal
-
-
-
462
regional
-
-
-
1 573
national
-
-
-
16 681
social contributions
-
-
-
17 747
total
-
-
-
36 463
Employee
36 093
-
69 000
-
social contributions
12 170
-
23 267
-
regional
545
-
1 395
-
municipal
215
-
411
-
national
6 099
-
14 418
-
total
19 029
-
39 491
-
Employer
36 093
-
69 000
-
total
-
-
-
-
Corporate
32 907
69 000
-
-
nationa
7 898
16 560
-
-
municipal
1 586
3 326
-
-
total
9 484
19 886
-
-
Dividends
23 423
49 114
-
-
withholding
6 090
12 769
-
-
total
6 090
12 769
-
-
Income
69 000
69 000
69 000
69 000
Total tax
34 603
32 655
39 491
36 463
After tax
34 397
36 345
29 509
32 537
Living cost
17 063
17 063
17 063
17 063
Free-cash
17 334
19 282
12 446
15 474

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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