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
₴ 70000
per

Your estimated
City
free-cash

Dresden , Germany
₴24016
₴31901
₴27069
₴22324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
trade
-
-
-
7 885
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.

-
-
-
2 930
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.

-
-
-
21 024
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.

-
-
-
1 156
total
-
-
-
32 995
Employee

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

16 401
-
70 000
-
surtax

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

25
-
1 156
-
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
-
21 024
-
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.

2 930
-
2 930
-
total
3 413
-
25 110
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 599
70 000
-
-
trade
8 442
11 025
-
-
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.

442
578
-
-
income
8 040
10 500
-
-
chamber of commerce
142
166
-
-
total
17 066
22 269
-
-
Dividends
36 532
47 731
-
-
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.

493
648
-
-
withholding
8 970
11 770
-
-
total
9 463
12 418
-
-
Income
70 000
70 000
70 000
70 000
Total tax
29 942
34 687
25 110
32 995
After tax
40 058
35 313
44 890
37 005
Living cost
12 989
12 989
12 989
12 989
Free-cash
27 069
22 324
31 901
24 016

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴19757
₴20305
₴21686
₴22047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
752
municipal
-
-
-
7 632
national
-
-
-
11 826
pensions
-
-
-
8 400
total
-
-
-
28 610
Employee
33 535
-
60 514
-
pensions
1 341
-
2 421
-
national
6 419
-
12 246
-
municipal
4 142
-
7 903
-
total
11 902
-
22 570
-
Employer
33 535
-
60 514
-
pensions
2 683
-
4 841
-
social contributions
361
-
651
-
total
3 044
-
5 492
-
Corporate
31 208
70 000
-
-
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%.

6 242
14 000
-
-
total
6 242
14 000
-
-
Dividends
24 967
56 000
-
-
withholding
5 493
12 320
-
-
total
5 493
12 320
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 681
26 320
28 062
28 610
After tax
43 319
43 680
41 938
41 390
Living cost
21 633
21 633
21 633
21 633
Free-cash
21 686
22 047
20 305
19 757

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
₴14759
₴19722
₴43560
₴47079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
social contributions

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

-
-
-
16 430
income
-
-
-
12 040
microenterprise
-
-
-
-
surtax
-
-
-
17 850
total
-
-
-
46 320
Employee
12 530
-
51 972
-
income
2 231
-
10 172
-
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.

1 379
-
5 621
-
surtax
-
-
7 536
-
total
3 610
-
23 329
-
Employer
12 530
-
51 972
-
social contributions

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

3 018
-
12 311
-
surtax
-
-
5 717
-
total
3 018
-
18 028
-
Corporate
54 451
70 000
-
-
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%.

10 891
14 000
-
-
total
10 891
14 000
-
-
Dividends

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

43 561
56 000
-
-
total
-
-
-
-
Income
70 000
70 000
70 000
70 000
Total tax
17 519
14 000
41 357
46 320
After tax
52 481
56 000
28 643
23 680
Living cost
8 921
8 921
8 921
8 921
Free-cash
43 560
47 079
19 722
14 759

Estimated living cost  is ₴8921 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21067
₴25170
₴13984
₴16610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
health
-
-
-
5 288
income
-
-
-
20 657
pensions
-
-
-
5 024
total
-
-
-
30 969
Employee
36 619
36 619
62 031
-
income

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

5 994
5 994
8 585
-
pensions
6 591
5 024
5 024
-
health
5 621
4 781
5 288
-
total
18 206
15 799
18 897
-
Employer
36 619
36 619
62 031
-
pensions
2 549
2 549
3 168
-
health
2 545
2 545
3 163
-
unemployment
1 318
1 318
1 638
-
total
6 412
6 412
7 969
-
Corporate
27 417
26 968
-
-
income
5 483
5 394
-
-
total
5 483
5 394
-
-
Dividends
21 934
21 575
-
-
withholding
3 290
3 236
-
-
income
4 661
4 585
-
-
total
7 951
7 821
-
-
Income
70 000
70 000
70 000
70 000
Total tax
38 052
35 426
26 866
30 969
After tax
31 948
34 574
43 134
39 031
Living cost
17 964
17 964
17 964
17 964
Free-cash
13 984
16 610
25 170
21 067

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴19628
₴19227
₴21361
₴21731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
4 199
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
17 752
health
-
-
-
2 255
national
-
-
-
5 662
pensions
-
-
-
3 907
total
-
-
-
33 883
Employee
23 495
-
58 645
-
national
-
-
5 441
-
municipal
7 006
-
17 488
-
total
7 006
-
22 929
-
Employer
23 495
-
58 645
-
pensions
2 540
-
3 907
-
other
2 730
-
4 199
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 382
-
11 355
-
Corporate
39 122
70 000
-
-
income
8 607
15 400
-
-
total
8 607
15 400
-
-
Dividends
30 515
54 600
-
-
withholding
9 155
16 380
-
-
total
9 155
16 380
-
-
Income
70 000
70 000
70 000
70 000
Total tax
32 150
31 780
34 284
33 883
After tax
37 850
38 220
35 716
36 117
Living cost
16 489
16 489
16 489
16 489
Free-cash
21 361
21 731
19 227
19 628

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴19809
₴28044
₴24134
₴18109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
trade
-
-
-
8 235
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.

-
-
-
2 930
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.

-
-
-
21 024
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.

-
-
-
1 156
total
-
-
-
33 345
Employee

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

21 746
-
70 000
-
surtax

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

103
-
1 156
-
income

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

1 868
-
21 024
-
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.

2 930
-
2 930
-
total
4 901
-
25 110
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 254
70 000
-
-
trade
7 937
11 515
-
-
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.

398
578
-
-
income
7 238
10 500
-
-
chamber of commerce
133
164
-
-
total
15 706
22 757
-
-
Dividends
32 547
47 243
-
-
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.

439
640
-
-
withholding
7 974
11 648
-
-
total
8 413
12 288
-
-
Income
70 000
70 000
70 000
70 000
Total tax
29 020
35 045
25 110
33 345
After tax
40 980
34 955
44 890
36 655
Living cost
16 846
16 846
16 846
16 846
Free-cash
24 134
18 109
28 044
19 809

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴34214
₴33583
₴35396
₴37174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
6 938
health
-
-
-
1 785
income
-
-
-
13 154
total
-
-
-
21 877
Employee
32 974
32 974
65 104
-
income
3 463
3 052
12 815
-
social contributions
1 602
2 737
3 691
-
health
328
561
1 107
-
total
5 393
6 350
17 613
-
Employer
32 974
32 974
65 104
-
health
357
610
1 204
-
social contributions
1 602
2 737
3 691
-
total
1 959
3 347
4 895
-
Corporate
48 739
33 679
-
-
income
6 093
4 210
-
-
total
6 093
4 210
-
-
Dividends
42 646
29 469
-
-
withholding
7 250
5 010
-
-
total
7 250
5 010
-
-
Income
70 000
70 000
70 000
70 000
Total tax
20 695
18 917
22 508
21 877
After tax
49 305
51 083
47 492
48 123
Living cost
13 909
13 909
13 909
13 909
Free-cash
35 396
37 174
33 583
34 214

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴40671
₴32758
₴31678
₴31514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
unemployment
-
-
-
1 050
health
-
-
-
4 900
income
-
-
-
8 558
pensions
-
-
-
7 000
total
-
-
-
21 508
Employee

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
58 577
-
income
1 380
549
7 161
-
pensions
1 129
449
5 858
-
unemployment
169
67
879
-
health
790
315
4 100
-
total
3 468
1 380
17 998
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
58 577
-
pensions
2 201
876
11 423
-
total
2 201
876
11 423
-
Corporate
56 509
64 631
-
-
income
5 086
5 817
-
-
total
5 086
5 817
-
-
Dividends
51 424
58 814
-
-
social contributions
9 976
11 417
-
-
withholding
9 770
11 175
-
-
total
19 746
22 592
-
-
Income
70 000
70 000
70 000
70 000
Total tax
30 501
30 665
29 421
21 508
After tax
39 499
39 335
40 579
48 492
Living cost
7 821
7 821
7 821
7 821
Free-cash
31 678
31 514
32 758
40 671

Estimated living cost  is ₴7821 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴27162
₴29990
₴42978
₴45642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
health
-
-
-
9 100
income
-
-
-
9 380
pensions
-
-
-
14 000
total
-
-
-
32 480
Employee
12 165
-
52 317
-
income
1 370
-
10 087
-
pensions
243
-
1 046
-
unemployment
194
-
837
-
total
1 807
-
11 970
-
Employer
12 165
-
52 317
-
pensions
2 433
-
10 463
-
health
1 581
-
6 801
-
unemployment
98
-
418
-
total
4 112
-
17 682
-
Corporate
53 723
70 000
-
-
income
10 745
14 000
-
-
total
10 745
14 000
-
-
Dividends
42 978
56 000
-
-
total
-
-
-
-
Income
70 000
70 000
70 000
70 000
Total tax
16 664
14 000
29 652
32 480
After tax
53 336
56 000
40 348
37 520
Living cost
10 358
10 358
10 358
10 358
Free-cash
42 978
45 642
29 990
27 162

Estimated living cost  is ₴10358 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴38473
₴28442
₴4228
-₴3728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
19 154
pensions
-
-
-
1 777
total
-
-
-
22 129
Employee
14 784
-
62 710
-
income
2 028
-
14 432
-
pensions
1 665
-
3 259
-
health
1 693
-
7 180
-
total
5 386
-
24 871
-
Employer
14 784
-
62 710
-
pensions
2 404
-
4 706
-
accident
247
-
1 047
-
unemployment
362
-
1 536
-
total
3 013
-
7 289
-
Corporate
52 203
70 000
-
-
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.

46 983
63 000
-
-
total
46 983
63 000
-
-
Dividends
5 220
7 000
-
-
withholding
992
1 330
-
-
total
992
1 330
-
-
Income
70 000
70 000
70 000
70 000
Total tax
56 374
64 330
32 160
22 129
After tax
13 626
5 670
37 840
47 871
Living cost
9 398
9 398
9 398
9 398
Free-cash
4 228
-3 728
28 442
38 473

Estimated living cost  is ₴9398 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴65436
₴52136
₴61911
₴62636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
70 000
microenterprise

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

-
-
-
700
total
-
-
-
700
Employee
4 830
-
70 000
-
income
966
-
14 000
-
total
966
-
14 000
-
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%.

65 170
70 000
-
-
total
-
-
-
-
Dividends
65 170
70 000
-
-
withholding
3 259
3 500
-
-
total
3 259
3 500
-
-
Income
70 000
70 000
70 000
70 000
Total tax
4 225
3 500
14 000
700
After tax
65 775
66 500
56 000
69 300
Living cost
3 864
3 864
3 864
3 864
Free-cash
61 911
62 636
52 136
65 436

Estimated living cost  is ₴3864 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴26677
₴28380
₴37106
₴40003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
3 097
health
-
-
-
2 869
income
-
-
-
10 281
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.

-
-
-
15 650
total
-
-
-
31 897
Employee
15 570
-
55 910
-
income
2 681
-
10 849
-
pensions

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

1 090
-
3 913
-
unemployment
155
-
559
-
health
218
-
783
-
total
4 144
-
16 104
-
Employer
15 570
-
55 910
-
pensions

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

2 647
-
9 505
-
other
779
-
2 795
-
accident
125
-
448
-
health
218
-
783
-
unemployment
155
-
559
-
total
3 924
-
14 090
-
Corporate
50 506
70 000
-
-
income
10 607
14 700
-
-
total
10 607
14 700
-
-
Dividends
39 900
55 300
-
-
withholding
2 793
3 871
-
-
total
2 793
3 871
-
-
Income
70 000
70 000
70 000
70 000
Total tax
21 468
18 571
30 194
31 897
After tax
48 532
51 429
39 806
38 103
Living cost
11 426
11 426
11 426
11 426
Free-cash
37 106
40 003
28 380
26 677

Estimated living cost  is ₴11426 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
₴18023
₴11656
₴17682
₴17622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
income
-
-
-
19 373
pensions
-
-
-
3 761
total
-
-
-
23 134
Employee
40 808
-
61 204
-
income
7 356
-
15 126
-
pensions
3 937
-
4 669
-
health
672
-
911
-
total
11 965
-
20 706
-
Employer
40 808
-
61 204
-
pensions
4 818
-
7 632
-
health
775
-
1 163
-
total
5 593
-
8 795
-
Corporate
23 599
70 000
-
-
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.

4 484
13 300
-
-
total
4 484
13 300
-
-
Dividends
19 115
56 700
-
-
withholding
1 433
10 235
-
-
total
1 433
10 235
-
-
Income
70 000
70 000
70 000
70 000
Total tax
23 475
23 535
29 501
23 134
After tax
46 525
46 465
40 499
46 866
Living cost
28 843
28 843
28 843
28 843
Free-cash
17 682
17 622
11 656
18 023

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴49881
₴52566
₴52237
₴54229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
10 500
pensions

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

-
-
-
2 216
total
-
-
-
14 498
Employee
7 443
-
67 062
-
income
744
-
6 706
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
8 875
-
Employer
7 443
-
67 062
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
61 096
70 000
-
-
income
6 110
7 000
-
-
total
6 110
7 000
-
-
Dividends
54 986
63 000
-
-
withholding
2 749
3 150
-
-
total
2 749
3 150
-
-
Income
70 000
70 000
70 000
70 000
Total tax
12 142
10 150
11 813
14 498
After tax
57 858
59 850
58 187
55 502
Living cost
5 621
5 621
5 621
5 621
Free-cash
52 237
54 229
52 566
49 881

Estimated living cost  is ₴5621 per week

₴3282
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.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15252
₴19355
₴11874
₴10795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
health
-
-
-
5 288
income
-
-
-
20 657
pensions
-
-
-
5 024
total
-
-
-
30 969
Employee
39 757
36 619
62 031
-
income

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

5 994
5 994
8 585
-
pensions
5 024
5 024
5 024
-
health
4 960
4 781
5 288
-
total
15 978
15 799
18 897
-
Employer
39 757
36 619
62 031
-
pensions
2 767
2 549
3 168
-
health
2 763
2 545
3 163
-
unemployment
1 431
1 318
1 638
-
total
6 961
6 412
7 969
-
Corporate
23 282
26 968
-
-
income
4 656
5 394
-
-
total
4 656
5 394
-
-
Dividends
18 626
21 575
-
-
withholding
2 794
3 236
-
-
income
3 958
4 585
-
-
total
6 752
7 821
-
-
Income
70 000
70 000
70 000
70 000
Total tax
34 347
35 426
26 866
30 969
After tax
35 653
34 574
43 134
39 031
Living cost
23 779
23 779
23 779
23 779
Free-cash
11 874
10 795
19 355
15 252

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Amsterdam model

Close
Brno , Czech Republic
₴28574
₴25558
₴34225
₴37897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
14 818
health
-
-
-
9 450
income
-
-
-
6 860
solidarity contribution
-
-
-
-
total
-
-
-
31 128
Employee
15 144
-
52 581
-
income
1 817
-
6 328
-
solidarity contribution
-
-
-
-
social contributions
984
-
3 299
-
health
2 044
-
7 098
-
total
4 845
-
16 725
-
Employer
15 144
-
52 581
-
health
1 363
-
4 732
-
social contributions
3 786
-
12 687
-
total
5 149
-
17 419
-
Corporate
49 707
70 000
-
-
income
9 444
13 300
-
-
total
9 444
13 300
-
-
Dividends
40 263
56 700
-
-
withholding
6 039
8 505
-
-
total
6 039
8 505
-
-
Income
70 000
70 000
70 000
70 000
Total tax
25 477
21 805
34 144
31 128
After tax
44 523
48 195
35 856
38 872
Living cost
10 298
10 298
10 298
10 298
Free-cash
34 225
37 897
25 558
28 574

Estimated living cost  is ₴10298 per week

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

Source of data for Brno model

Close
Milan , Italy
₴15683
₴12521
₴17014
₴19253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
18 004
municipal
-
-
-
416
national
-
-
-
16 981
regional
-
-
-
821
total
-
-
-
36 222
Employee
38 111
-
70 000
-
national
6 604
-
14 685
-
social contributions
12 851
-
23 604
-
municipal
202
-
371
-
regional
360
-
724
-
total
20 017
-
39 384
-
Employer
38 111
-
70 000
-
total
-
-
-
-
Corporate
31 889
70 000
-
-
nationa
7 653
16 800
-
-
municipal
1 243
2 730
-
-
total
8 896
19 530
-
-
Dividends
22 992
50 470
-
-
withholding
5 978
13 122
-
-
total
5 978
13 122
-
-
Income
70 000
70 000
70 000
70 000
Total tax
34 891
32 652
39 384
36 222
After tax
35 109
37 348
30 616
33 778
Living cost
18 095
18 095
18 095
18 095
Free-cash
17 014
19 253
12 521
15 683

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23735
₴21051
₴33233
₴34567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
18 455
surtax
-
-
-
2 740
pensions
-
-
-
11 446
total
-
-
-
36 802
Employee
14 181
-
57 953
-
income
2 377
-
15 890
-
pensions
946
-
3 817
-
unemployment
987
-
3 983
-
health
362
-
1 459
-
other
-
-
-
-
surtax
46
-
2 290
-
total
4 718
-
27 439
-
Employer
14 181
-
57 953
-
pensions
1 890
-
7 629
-
other
-
-
-
-
health
645
-
2 604
-
unemployment
449
-
1 814
-
total
2 984
-
12 047
-
Corporate
52 834
70 000
-
-
income
13 737
18 200
-
-
total
13 737
18 200
-
-
Dividends
39 097
51 800
-
-
withholding
5 865
7 770
-
-
total
5 865
7 770
-
-
Income
70 000
70 000
70 000
70 000
Total tax
27 304
25 970
39 486
36 802
After tax
42 696
44 030
30 514
33 198
Living cost
9 463
9 463
9 463
9 463
Free-cash
33 233
34 567
21 051
23 735

Estimated living cost  is ₴9463 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴27161
₴20794
₴29349
₴26760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
income
-
-
-
19 373
pensions
-
-
-
3 761
total
-
-
-
23 134
Employee
27 348
-
61 204
-
income
4 926
-
15 126
-
pensions
2 321
-
4 669
-
health
397
-
911
-
total
7 644
-
20 706
-
Employer
27 348
-
61 204
-
pensions
2 960
-
7 632
-
health
520
-
1 163
-
total
3 480
-
8 795
-
Corporate
39 172
70 000
-
-
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.

7 443
13 300
-
-
total
7 443
13 300
-
-
Dividends
31 729
56 700
-
-
withholding
2 379
10 235
-
-
total
2 379
10 235
-
-
Income
70 000
70 000
70 000
70 000
Total tax
20 946
23 535
29 501
23 134
After tax
49 054
46 465
40 499
46 866
Living cost
19 705
19 705
19 705
19 705
Free-cash
29 349
26 760
20 794
27 161

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₴24513
₴21172
₴13463
-₴405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other

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

-
-
-
1 400
health
-
-
-
157
city
-
-
-
738
national
-
-
-
1 010
regional
-
-
-
3 329
pensions
-
-
-
6 439
total
-
-
-
13 073
Employee
37 933
-
62 654
-
pensions
3 187
-
5 263
-
national
180
-
799
-
unemployment
-
-
-
-
city
407
-
673
-
health
86
-
141
-
regional
1 242
-
2 881
-
total
5 102
-
9 757
-
Employer
37 933
-
62 654
-
pensions
3 187
-
5 263
-
other

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

758
-
1 253
-
health
86
-
141
-
unemployment
-
-
-
-
total
4 031
-
6 657
-
Corporate
27 619
70 000
-
-
regional
5 842
14 805
-
-
national
2 348
5 950
-
-
total
8 190
20 755
-
-
Dividends
19 430
49 245
-
-
withholding
6 800
17 236
-
-
total
6 800
17 236
-
-
Income
70 000
70 000
70 000
70 000
Total tax
24 123
37 991
16 414
13 073
After tax
45 877
32 009
53 586
56 927
Living cost
32 414
32 414
32 414
32 414
Free-cash
13 463
-405
21 172
24 513

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16660
₴25246
₴21903
₴14950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
trade
-
-
-
8 586
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.

-
-
-
2 930
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.

-
-
-
21 024
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.

-
-
-
1 156
total
-
-
-
33 696
Employee

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

25 771
-
70 000
-
surtax

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

167
-
1 156
-
income

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

3 030
-
21 024
-
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.

2 930
-
2 930
-
total
6 127
-
25 110
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 229
70 000
-
-
trade
7 585
12 005
-
-
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.

365
578
-
-
income
6 635
10 500
-
-
chamber of commerce
128
164
-
-
total
14 713
23 247
-
-
Dividends
29 517
46 754
-
-
surtax

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

397
634
-
-
withholding
7 216
11 525
-
-
total
7 613
12 159
-
-
Income
70 000
70 000
70 000
70 000
Total tax
28 453
35 406
25 110
33 696
After tax
41 547
34 594
44 890
36 304
Living cost
19 644
19 644
19 644
19 644
Free-cash
21 903
14 950
25 246
16 660

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24866
₴24411
₴23141
₴20608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
2 170
social contributions
-
-
-
1 995
health
-
-
-
2 787
income
-
-
-
10 502
surtax
-
-
-
-
pensions
-
-
-
13 009
total
-
-
-
30 463
Employee
18 353
-
54 551
-
income
1 083
-
10 275
-
pensions
2 075
-
3 638
-
social contributions
523
-
1 554
-
surtax
-
-
-
-
total
3 681
-
15 467
-
Employer
18 353
-
54 551
-
pensions
3 015
-
6 152
-
other
633
-
2 062
-
health
1 285
-
4 864
-
unemployment
743
-
2 209
-
social contributions
55
-
164
-
total
5 731
-
15 451
-
Corporate
45 916
70 000
-
-
surtax
-
-
-
-
income
12 857
19 600
-
-
total
12 857
19 600
-
-
Dividends
33 059
50 400
-
-
surtax
-
-
-
-
social contributions
5 687
8 669
-
-
withholding
4 232
6 452
-
-
total
9 919
15 121
-
-
Income
70 000
70 000
70 000
70 000
Total tax
32 188
34 721
30 918
30 463
After tax
37 812
35 279
39 082
39 537
Living cost
14 671
14 671
14 671
14 671
Free-cash
23 141
20 608
24 411
24 866

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴26319
₴25864
₴24443
₴22061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
2 170
social contributions
-
-
-
1 995
health
-
-
-
2 787
income
-
-
-
10 502
surtax
-
-
-
-
pensions
-
-
-
13 009
total
-
-
-
30 463
Employee
16 382
-
54 551
-
income
845
-
10 275
-
pensions
1 853
-
3 638
-
social contributions
467
-
1 554
-
surtax
-
-
-
-
total
3 165
-
15 467
-
Employer
16 382
-
54 551
-
pensions
2 692
-
6 152
-
other
566
-
2 062
-
health
1 147
-
4 864
-
unemployment
663
-
2 209
-
social contributions
49
-
164
-
total
5 117
-
15 451
-
Corporate
48 501
70 000
-
-
surtax
-
-
-
-
income
13 580
19 600
-
-
total
13 580
19 600
-
-
Dividends
34 921
50 400
-
-
surtax
-
-
-
-
social contributions
6 007
8 669
-
-
withholding
4 470
6 452
-
-
total
10 477
15 121
-
-
Income
70 000
70 000
70 000
70 000
Total tax
32 339
34 721
30 918
30 463
After tax
37 661
35 279
39 082
39 537
Living cost
13 218
13 218
13 218
13 218
Free-cash
24 443
22 061
25 864
26 319

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴35861
₴34580
₴33836
₴33613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
9 660
health
-
-
-
4 886
income
-
-
-
10 500
total
-
-
-
25 046
Employee
14 539
-
70 000
-
income
2 425
-
11 781
-
social contributions
2 007
-
9 660
-
health
1 015
-
4 886
-
total
5 447
-
26 327
-
Employer
14 539
-
70 000
-
total
-
-
-
-
Corporate
55 461
70 000
-
-
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%.

2 773
3 500
-
-
total
2 773
3 500
-
-
Dividends
52 687
66 500
-
-
social contributions
7 271
9 177
-
-
health
3 677
4 642
-
-
withholding
7 903
9 975
-
-
total
18 851
23 794
-
-
Income
70 000
70 000
70 000
70 000
Total tax
27 071
27 294
26 327
25 046
After tax
42 929
42 706
43 673
44 954
Living cost
9 093
9 093
9 093
9 093
Free-cash
33 836
33 613
34 580
35 861

Estimated living cost  is ₴9093 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
₴20802
₴3353
₴23010
₴23672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
chamber of commerce
-
-
-
280
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
17 993
surtax
-
-
-
85
pensions
-
-
-
9 268
total
-
-
-
34 088
Employee
21 430
17 089
55 131
-
income
2 440
1 261
14 218
-
pensions
2 195
1 750
5 130
-
unemployment
643
513
1 503
-
health
829
662
1 938
-
other
214
171
501
-
total
6 321
4 357
23 290
-
Employer
21 430
17 089
55 131
-
pensions
2 689
2 145
6 287
-
other
1 018
811
2 576
-
accident
278
222
651
-
health
810
646
1 894
-
payroll
643
513
1 654
-
chamber of commerce
85
68
221
-
unemployment
643
513
1 503
-
surtax
85
85
85
-
total
6 251
5 003
14 871
-
Corporate
42 318
47 908
53 503
-
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.

10 580
11 977
13 376
-
total
10 580
11 977
13 376
-
Dividends
31 739
35 931
-
-
withholding
8 728
9 881
-
-
total
8 728
9 881
-
-
Income
70 000
70 000
70 000
70 000
Total tax
31 880
31 218
51 537
34 088
After tax
38 120
38 782
18 463
35 912
Living cost
15 110
15 110
15 110
15 110
Free-cash
23 010
23 672
3 353
20 802

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴14677
₴9317
₴17093
₴23525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
10 691
communal

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

-
-
-
3 559
national
-
-
-
25 438
total
-
-
-
39 688
Employee

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

30 674
-
54 216
-
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.

2 301
-
4 066
-
national
9 430
-
19 349
-
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
-
472
-
communal

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

1 600
-
2 828
-
health

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

1 441
-
2 548
-
total
15 039
-
29 263
-
Employer

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

30 674
-
54 216
-
pensions

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

2 718
-
4 804
-
accident

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

399
-
705
-
health

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

1 886
-
3 335
-
unemployment

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

448
-
792
-
surtax
3 478
-
6 149
-
total
8 929
-
15 785
-
Corporate
30 398
70 000
-
-
surtax
121
280
-
-
income
6 080
14 000
-
-
total
6 201
14 280
-
-
Dividends
24 197
55 720
-
-
withholding

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

7 103
16 560
-
-
total
7 103
16 560
-
-
Income
70 000
70 000
70 000
70 000
Total tax
37 272
30 840
45 048
39 688
After tax
32 728
39 160
24 952
30 312
Living cost
15 635
15 635
15 635
15 635
Free-cash
17 093
23 525
9 317
14 677

Estimated living cost  is ₴15635 per week

₴10071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴23860
₴22061
₴28202
₴31240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
18 730
pensions
-
-
-
11 248
total
-
-
-
30 654
Employee
21 346
-
57 329
-
income
4 504
-
17 258
-
pensions
1 003
-
1 868
-
unemployment
331
-
616
-
other
21
-
40
-
total
5 859
-
19 782
-
Employer
21 346
-
57 329
-
pensions
5 037
-
9 380
-
other
170
-
318
-
accident
422
-
787
-
unemployment
1 174
-
2 186
-
total
6 803
-
12 671
-
Corporate
41 851
70 000
-
-
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.

6 277
10 500
-
-
total
6 277
10 500
-
-
Dividends
35 573
59 500
-
-
withholding
7 373
12 774
-
-
total
7 373
12 774
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 312
23 274
32 453
30 654
After tax
43 688
46 726
37 547
39 346
Living cost
15 486
15 486
15 486
15 486
Free-cash
28 202
31 240
22 061
23 860

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴11924
₴14716
₴12761
₴17980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
accident
-
-
-
590
health
-
-
-
4 918
income
-
-
-
10 877
communal
-
-
-
4 424
surtax
-
-
-
3 471
pensions
-
-
-
10 492
total
-
-
-
34 772
Employee
32 474
-
62 528
-
income
3 137
-
12 892
-
pensions
2 598
-
5 002
-
health
1 445
-
2 782
-
surtax
1 990
-
3 832
-
total
9 170
-
24 508
-
Employer
32 474
-
62 528
-
pensions
2 598
-
5 002
-
accident
292
-
563
-
health
990
-
1 907
-
total
3 880
-
7 472
-
Corporate
33 646
70 000
-
-
communal
2 271
4 725
-
-
surtax
353
735
-
-
income
5 047
10 500
-
-
total
7 671
15 960
-
-
Dividends
25 975
54 040
-
-
withholding
3 896
8 106
-
-
income
9 318
4 650
-
-
total
13 214
12 756
-
-
Income
70 000
70 000
70 000
70 000
Total tax
33 935
28 716
31 980
34 772
After tax
36 065
41 284
38 020
35 228
Living cost
23 304
23 304
23 304
23 304
Free-cash
12 761
17 980
14 716
11 924

Estimated living cost  is ₴23304 per week

₴17481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴23566
₴20882
₴33034
₴34398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
18 455
surtax
-
-
-
2 740
pensions
-
-
-
11 446
total
-
-
-
36 802
Employee
14 441
-
57 953
-
income
2 421
-
15 890
-
pensions
963
-
3 817
-
unemployment
1 005
-
3 983
-
health
369
-
1 459
-
other
-
-
-
-
surtax
51
-
2 290
-
total
4 809
-
27 439
-
Employer
14 441
-
57 953
-
pensions
1 925
-
7 629
-
other
-
-
-
-
health
657
-
2 604
-
unemployment
458
-
1 814
-
total
3 040
-
12 047
-
Corporate
52 519
70 000
-
-
income
13 655
18 200
-
-
total
13 655
18 200
-
-
Dividends
38 864
51 800
-
-
withholding
5 830
7 770
-
-
total
5 830
7 770
-
-
Income
70 000
70 000
70 000
70 000
Total tax
27 334
25 970
39 486
36 802
After tax
42 666
44 030
30 514
33 198
Living cost
9 632
9 632
9 632
9 632
Free-cash
33 034
34 398
20 882
23 566

Estimated living cost  is ₴9632 per week

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

Source of data for Athens model

Close
Naples , Italy
₴21992
₴18847
₴24291
₴25243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
18 004
municipal
-
-
-
416
national
-
-
-
16 981
regional
-
-
-
1 056
total
-
-
-
36 457
Employee
23 787
-
70 000
-
national
3 769
-
14 685
-
social contributions
8 021
-
23 604
-
municipal
126
-
371
-
regional
320
-
942
-
total
12 236
-
39 602
-
Employer
23 787
-
70 000
-
total
-
-
-
-
Corporate
46 213
70 000
-
-
nationa
11 091
16 800
-
-
municipal
2 296
3 479
-
-
total
13 387
20 279
-
-
Dividends
32 826
49 721
-
-
withholding
8 535
12 927
-
-
total
8 535
12 927
-
-
Income
70 000
70 000
70 000
70 000
Total tax
34 158
33 206
39 602
36 457
After tax
35 842
36 794
30 398
33 543
Living cost
11 551
11 551
11 551
11 551
Free-cash
24 291
25 243
18 847
21 992

Estimated living cost  is ₴11551 per week

₴7184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴26182
₴23166
₴30979
₴35505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
14 818
health
-
-
-
9 450
income
-
-
-
6 860
solidarity contribution
-
-
-
-
total
-
-
-
31 128
Employee
18 661
-
52 581
-
income
2 239
-
6 328
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 299
-
health
2 519
-
7 098
-
total
5 971
-
16 725
-
Employer
18 661
-
52 581
-
health
1 679
-
4 732
-
social contributions
4 665
-
12 687
-
total
6 344
-
17 419
-
Corporate
44 994
70 000
-
-
income
8 549
13 300
-
-
total
8 549
13 300
-
-
Dividends
36 445
56 700
-
-
withholding
5 467
8 505
-
-
total
5 467
8 505
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 331
21 805
34 144
31 128
After tax
43 669
48 195
35 856
38 872
Living cost
12 690
12 690
12 690
12 690
Free-cash
30 979
35 505
23 166
26 182

Estimated living cost  is ₴12690 per week

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

Source of data for Prague model

Close
Graz , Austria
₴22316
₴4810
₴24937
₴25147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
chamber of commerce
-
-
-
280
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
17 993
surtax
-
-
-
-
pensions
-
-
-
9 268
total
-
-
-
34 003
Employee
18 745
17 089
55 210
-
income
1 670
1 261
14 251
-
pensions
1 920
1 750
5 130
-
unemployment
562
513
1 503
-
health
725
662
1 938
-
other
187
171
501
-
total
5 064
4 357
23 323
-
Employer
18 745
17 089
55 210
-
pensions
2 353
2 145
6 287
-
other
890
811
2 579
-
accident
243
222
651
-
health
709
646
1 894
-
payroll
562
513
1 656
-
chamber of commerce
75
68
221
-
unemployment
562
513
1 503
-
surtax
-
-
-
-
total
5 394
4 918
14 791
-
Corporate
45 861
47 993
53 582
-
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.

11 465
11 998
13 395
-
total
11 465
11 998
13 395
-
Dividends
34 396
35 994
-
-
withholding
9 459
9 899
-
-
total
9 459
9 899
-
-
Income
70 000
70 000
70 000
70 000
Total tax
31 382
31 172
51 509
34 003
After tax
38 618
38 828
18 491
35 997
Living cost
13 681
13 681
13 681
13 681
Free-cash
24 937
25 147
4 810
22 316

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63278
₴49978
₴59348
₴60478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
70 000
microenterprise

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

-
-
-
700
total
-
-
-
700
Employee
7 527
-
70 000
-
income
1 506
-
14 000
-
total
1 506
-
14 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

62 473
70 000
-
-
total
-
-
-
-
Dividends
62 473
70 000
-
-
withholding
3 124
3 500
-
-
total
3 124
3 500
-
-
Income
70 000
70 000
70 000
70 000
Total tax
4 630
3 500
14 000
700
After tax
65 370
66 500
56 000
69 300
Living cost
6 022
6 022
6 022
6 022
Free-cash
59 348
60 478
49 978
63 278

Estimated living cost  is ₴6022 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴22968
₴21112
₴33107
₴36693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
unemployment
-
-
-
105
health
-
-
-
6 888
income
-
-
-
15 754
pensions
-
-
-
12 783
total
-
-
-
35 530
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.

18 962
-
60 569
-
income
3 270
-
14 569
-
pensions
2 939
-
9 388
-
unemployment
27
-
85
-
health
1 225
-
3 913
-
total
7 461
-
27 955
-
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.

18 962
-
60 569
-
pensions
1 678
-
5 360
-
health
1 263
-
4 034
-
unemployment
11
-
37
-
total
2 952
-
9 431
-
Corporate
48 085
70 000
-
-
income
9 136
13 300
-
-
total
9 136
13 300
-
-
Dividends
38 949
56 700
-
-
withholding
5 842
8 505
-
-
total
5 842
8 505
-
-
Income
70 000
70 000
70 000
70 000
Total tax
25 391
21 805
37 386
35 530
After tax
44 609
48 195
32 614
34 470
Living cost
11 502
11 502
11 502
11 502
Free-cash
33 107
36 693
21 112
22 968

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴29917
₴45914
₴3782
₴24129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
7 980
income
-
-
-
13 644
total
-
-
-
21 624
Employee
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
Corporate
6 215
70 000
-
-
income
1 367
15 400
-
-
total
1 367
15 400
-
-
Dividends
4 848
54 600
-
-
income
1 066
12 012
-
-
total
1 066
12 012
-
-
Income
70 000
70 000
70 000
70 000
Total tax
47 759
27 412
5 627
21 624
After tax
22 241
42 588
64 373
48 376
Living cost
18 459
18 459
18 459
18 459
Free-cash
3 782
24 129
45 914
29 917

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24247
₴19086
₴25934
₴26365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
social contributions

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

-
-
-
24 325
income
-
-
-
7 977
surtax
-
-
-
-
total
-
-
-
32 302
Employee
19 722
-
56 566
-
income
4 102
-
17 807
-
social contributions
2 169
-
6 222
-
surtax
-
-
-
-
total
6 271
-
24 029
-
Employer
19 722
-
56 566
-
social contributions
4 684
-
13 434
-
total
4 684
-
13 434
-
Corporate
45 594
70 000
-
-
surtax
-
-
-
-
income
9 575
14 700
-
-
total
9 575
14 700
-
-
Dividends
36 019
55 300
-
-
withholding
10 085
15 484
-
-
total
10 085
15 484
-
-
Income
70 000
70 000
70 000
70 000
Total tax
30 615
30 184
37 463
32 302
After tax
39 385
39 816
32 537
37 698
Living cost
13 451
13 451
13 451
13 451
Free-cash
25 934
26 365
19 086
24 247

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴18826
₴18371
₴17516
₴14568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
2 170
social contributions
-
-
-
1 995
health
-
-
-
2 787
income
-
-
-
10 502
surtax
-
-
-
-
pensions
-
-
-
13 009
total
-
-
-
30 463
Employee
26 858
-
54 551
-
income
2 343
-
10 275
-
pensions
3 038
-
3 638
-
social contributions
765
-
1 554
-
surtax
-
-
-
-
total
6 146
-
15 467
-
Employer
26 858
-
54 551
-
pensions
4 413
-
6 152
-
other
927
-
2 062
-
health
1 880
-
4 864
-
unemployment
1 088
-
2 209
-
social contributions
81
-
164
-
total
8 389
-
15 451
-
Corporate
34 754
70 000
-
-
surtax
-
-
-
-
income
9 731
19 600
-
-
total
9 731
19 600
-
-
Dividends
25 023
50 400
-
-
surtax
-
-
-
-
social contributions
4 304
8 669
-
-
withholding
3 203
6 452
-
-
total
7 507
15 121
-
-
Income
70 000
70 000
70 000
70 000
Total tax
31 773
34 721
30 918
30 463
After tax
38 227
35 279
39 082
39 537
Living cost
20 711
20 711
20 711
20 711
Free-cash
17 516
14 568
18 371
18 826

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38854
₴40715
₴48670
₴50110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
15 400
income
-
-
-
2 856
total
-
-
-
18 256
Employee
13 786
-
60 606
-
social contributions
896
-
3 939
-
income
-
-
3 063
-
total
896
-
7 002
-
Employer
13 786
-
60 606
-
social contributions
2 137
-
9 393
-
total
2 137
-
9 393
-
Corporate
54 077
70 000
-
-
income
5 407
7 000
-
-
total
5 407
7 000
-
-
Dividends
48 670
63 000
-
-
total
-
-
-
-
Income
70 000
70 000
70 000
70 000
Total tax
8 440
7 000
16 395
18 256
After tax
61 560
63 000
53 605
51 744
Living cost
12 890
12 890
12 890
12 890
Free-cash
48 670
50 110
40 715
38 854

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
₴20947
-₴23461
-₴23461
-₴23461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
municipal
-
-
-
14 416
national
-
-
-
8 036
labour market
-
-
-
5 570
pensions
-
-
-
372
total
-
-
-
28 394
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
70 000
70 000
70 000
70 000
Total tax
72 802
72 802
72 802
28 394
After tax
-2 802
-2 802
-2 802
41 606
Living cost
20 659
20 659
20 659
20 659
Free-cash
-23 461
-23 461
-23 461
20 947

Estimated living cost  is ₴20659 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
₴38612
₴28581
₴4251
-₴3589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
19 154
pensions
-
-
-
1 777
total
-
-
-
22 129
Employee
14 566
-
62 710
-
income
1 998
-
14 432
-
pensions
1 640
-
3 259
-
health
1 668
-
7 180
-
total
5 306
-
24 871
-
Employer
14 566
-
62 710
-
pensions
2 368
-
4 706
-
accident
243
-
1 047
-
unemployment
357
-
1 536
-
total
2 968
-
7 289
-
Corporate
52 466
70 000
-
-
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.

47 219
63 000
-
-
total
47 219
63 000
-
-
Dividends
5 247
7 000
-
-
withholding
997
1 330
-
-
total
997
1 330
-
-
Income
70 000
70 000
70 000
70 000
Total tax
56 490
64 330
32 160
22 129
After tax
13 510
5 670
37 840
47 871
Living cost
9 259
9 259
9 259
9 259
Free-cash
4 251
-3 589
28 581
38 612

Estimated living cost  is ₴9259 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴29491
₴20612
₴28690
₴27744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
70 000
municipal
-
-
-
12 438
health
-
-
-
899
national
-
-
-
10 709
total
-
-
-
24 046
Employee
22 561
-
58 888
-
pensions
1 523
-
3 975
-
national
373
-
6 634
-
municipal
3 695
-
9 594
-
unemployment
339
-
883
-
health
168
-
728
-
total
6 098
-
21 814
-
Employer
22 561
-
58 888
-
pensions
3 914
-
10 217
-
accident
23
-
59
-
health
173
-
453
-
unemployment
146
-
382
-
total
4 256
-
11 111
-
Corporate
43 182
70 000
-
-
income
8 636
14 000
-
-
total
8 636
14 000
-
-
Dividends

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

25 909
42 000
-
-
municipal
4 664
7 560
-
-
national
1 193
4 233
-
-
total
5 857
11 793
-
-
Income
70 000
70 000
70 000
70 000
Total tax
24 847
25 793
32 925
24 046
After tax
45 153
44 207
37 075
45 954
Living cost
16 463
16 463
16 463
16 463
Free-cash
28 690
27 744
20 612
29 491

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
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.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38195
₴37564
₴38822
₴41155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
6 938
health
-
-
-
1 785
income
-
-
-
13 154
total
-
-
-
21 877
Employee
32 974
32 974
65 104
-
income
3 590
3 052
12 815
-
social contributions
1 247
2 737
3 691
-
health
256
561
1 107
-
total
5 093
6 350
17 613
-
Employer
32 974
32 974
65 104
-
health
277
610
1 204
-
social contributions
1 247
2 737
3 691
-
total
1 524
3 347
4 895
-
Corporate
53 455
33 679
-
-
income
6 682
4 210
-
-
total
6 682
4 210
-
-
Dividends
46 773
29 469
-
-
withholding
7 951
5 010
-
-
total
7 951
5 010
-
-
Income
70 000
70 000
70 000
70 000
Total tax
21 250
18 917
22 508
21 877
After tax
48 750
51 083
47 492
48 123
Living cost
9 928
9 928
9 928
9 928
Free-cash
38 822
41 155
37 564
38 195

Estimated living cost  is ₴9928 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51823
₴43224
₴48977
₴51159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70 000
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
7 077
pensions
-
-
-
2 728
total
-
-
-
11 369
Employee

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

9 843
-
65 809
-
income
673
-
6 013
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
837
-
3 458
-
total
3 035
-
15 777
-
Employer

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

9 843
-
65 809
-
pensions
541
-
2 238
-
health
423
-
1 750
-
unemployment
49
-
203
-
total
1 013
-
4 191
-
Corporate
59 144
70 000
-
-
income
5 323
6 300
-
-
total
5 323
6 300
-
-
Dividends
53 821
63 700
-
-
withholding
4 844
5 733
-
-
total
4 844
5 733
-
-
Income
70 000
70 000
70 000
70 000
Total tax
14 215
12 033
19 968
11 369
After tax
55 785
57 967
50 032
58 631
Living cost
6 808
6 808
6 808
6 808
Free-cash
48 977
51 159
43 224
51 823

Estimated living cost  is ₴6808 per week

₴4344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴27554
₴25755
₴33041
₴34934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
18 730
pensions
-
-
-
11 248
total
-
-
-
30 654
Employee
15 856
-
57 329
-
income
3 057
-
17 258
-
pensions
745
-
1 868
-
unemployment
246
-
616
-
other
15
-
40
-
total
4 063
-
19 782
-
Employer
15 856
-
57 329
-
pensions
3 742
-
9 380
-
other
127
-
318
-
accident
314
-
787
-
unemployment
872
-
2 186
-
total
5 055
-
12 671
-
Corporate
49 089
70 000
-
-
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.

7 364
10 500
-
-
total
7 364
10 500
-
-
Dividends
41 725
59 500
-
-
withholding
8 685
12 774
-
-
total
8 685
12 774
-
-
Income
70 000
70 000
70 000
70 000
Total tax
25 167
23 274
32 453
30 654
After tax
44 833
46 726
37 547
39 346
Living cost
11 792
11 792
11 792
11 792
Free-cash
33 041
34 934
25 755
27 554

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43636
₴43553
₴42313
₴42506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
health
-
-
-
621
income
-
-
-
23 712
pensions
-
-
-
857
total
-
-
-
25 190
Employee
1 789
-
69 036
-
income
346
-
23 667
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
24 309
-
Employer
1 789
-
69 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
67 809
70 000
-
-
income
14 918
15 400
-
-
total
14 918
15 400
-
-
Dividends
52 891
54 600
-
-
withholding
10 578
10 920
-
-
total
10 578
10 920
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 513
26 320
25 273
25 190
After tax
43 487
43 680
44 727
44 810
Living cost
1 174
1 174
1 174
1 174
Free-cash
42 313
42 506
43 553
43 636

Estimated living cost  is ₴1174 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴34896
₴34895
₴41048
₴43159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
unemployment
-
-
-
475
health
-
-
-
3 264
income
-
-
-
15 709
pensions
-
-
-
8 240
total
-
-
-
27 688
Employee

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

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

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

11 183
-
64 327
-
income
1 542
-
15 709
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
22 016
-
Employer

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

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

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

11 183
-
64 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
56 815
70 000
-
-
income
8 522
10 500
-
-
total
8 522
10 500
-
-
Dividends
48 293
59 500
-
-
withholding
7 244
8 925
-
-
total
7 244
8 925
-
-
Income
70 000
70 000
70 000
70 000
Total tax
21 536
19 425
27 689
27 688
After tax
48 464
50 575
42 311
42 312
Living cost
7 416
7 416
7 416
7 416
Free-cash
41 048
43 159
34 895
34 896

Estimated living cost  is ₴7416 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴26137
₴20976
₴28101
₴28255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
social contributions

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

-
-
-
24 325
income
-
-
-
7 977
surtax
-
-
-
-
total
-
-
-
32 302
Employee
16 643
-
56 566
-
income
3 252
-
17 807
-
social contributions
1 831
-
6 222
-
surtax
-
-
-
-
total
5 083
-
24 029
-
Employer
16 643
-
56 566
-
social contributions
3 952
-
13 434
-
total
3 952
-
13 434
-
Corporate
49 404
70 000
-
-
surtax
-
-
-
-
income
10 375
14 700
-
-
total
10 375
14 700
-
-
Dividends
39 029
55 300
-
-
withholding
10 928
15 484
-
-
total
10 928
15 484
-
-
Income
70 000
70 000
70 000
70 000
Total tax
30 338
30 184
37 463
32 302
After tax
39 662
39 816
32 537
37 698
Living cost
11 561
11 561
11 561
11 561
Free-cash
28 101
28 255
20 976
26 137

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴24275
₴22476
₴28762
₴31655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
18 730
pensions
-
-
-
11 248
total
-
-
-
30 654
Employee
20 710
-
57 329
-
income
4 326
-
17 258
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 640
-
19 782
-
Employer
20 710
-
57 329
-
pensions
4 887
-
9 380
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 671
-
Corporate
42 687
70 000
-
-
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.

6 403
10 500
-
-
total
6 403
10 500
-
-
Dividends
36 285
59 500
-
-
withholding
7 522
12 774
-
-
total
7 522
12 774
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 167
23 274
32 453
30 654
After tax
43 833
46 726
37 547
39 346
Living cost
15 071
15 071
15 071
15 071
Free-cash
28 762
31 655
22 476
24 275

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48127
₴50812
₴49863
₴52475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
10 500
pensions

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

-
-
-
2 216
total
-
-
-
14 498
Employee
9 766
-
67 062
-
income
977
-
6 706
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
8 875
-
Employer
9 766
-
67 062
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
58 318
70 000
-
-
income
5 832
7 000
-
-
total
5 832
7 000
-
-
Dividends
52 486
63 000
-
-
withholding
2 624
3 150
-
-
total
2 624
3 150
-
-
Income
70 000
70 000
70 000
70 000
Total tax
12 762
10 150
11 813
14 498
After tax
57 238
59 850
58 187
55 502
Living cost
7 375
7 375
7 375
7 375
Free-cash
49 863
52 475
50 812
48 127

Estimated living cost  is ₴7375 per week

₴4878
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
₴21151
₴28335
₴25089
₴19479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
trade
-
-
-
7 184
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.

-
-
-
2 930
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.

-
-
-
21 024
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.

-
-
-
1 156
total
-
-
-
32 294
Employee

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

21 336
-
70 000
-
surtax

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

97
-
1 156
-
income

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

1 754
-
21 024
-
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.

2 930
-
2 930
-
total
4 781
-
25 110
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 664
70 000
-
-
trade
6 983
10 045
-
-
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.

401
578
-
-
income
7 299
10 500
-
-
chamber of commerce
137
168
-
-
total
14 820
21 291
-
-
Dividends
33 843
48 710
-
-
surtax

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

457
661
-
-
withholding
8 298
12 014
-
-
total
8 755
12 675
-
-
Income
70 000
70 000
70 000
70 000
Total tax
28 356
33 966
25 110
32 294
After tax
41 644
36 034
44 890
37 706
Living cost
16 555
16 555
16 555
16 555
Free-cash
25 089
19 479
28 335
21 151

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴13110
₴13110
₴25520
₴24573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
11 551
income
-
-
-
20 912
total
-
-
-
32 463
Employee
33 543
-
70 000
-
social contributions
2 787
-
11 551
-
income
6 329
-
20 912
-
total
9 116
-
32 463
-
Employer
33 543
-
70 000
-
total
-
-
-
-
Corporate
36 457
70 000
-
-
income
4 557
8 750
-
-
total
4 557
8 750
-
-
Dividends
31 900
61 250
-
-
withholding
6 380
12 250
-
-
total
6 380
12 250
-
-
Income
70 000
70 000
70 000
70 000
Total tax
20 053
21 000
32 463
32 463
After tax
49 947
49 000
37 537
37 537
Living cost
24 427
24 427
24 427
24 427
Free-cash
25 520
24 573
13 110
13 110

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39365
₴34542
₴29166
₴27668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
68 027
-
social contributions
1 971
-
1 973
-
income
2 135
-
15 946
-
total
4 106
-
17 919
-
Employer
19 672
-
68 027
-
social contributions
1 971
-
1 973
-
total
1 971
-
1 973
-
Corporate
48 357
70 000
-
-
income
16 925
24 500
-
-
total
16 925
24 500
-
-
Dividends
31 432
45 500
-
-
social contributions
2 266
2 266
-
-
total
2 266
2 266
-
-
Income
70 000
70 000
70 000
70 000
Total tax
25 268
26 766
19 892
15 069
After tax
44 732
43 234
50 108
54 931
Living cost
15 566
15 566
15 566
15 566
Free-cash
29 166
27 668
34 542
39 365

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30847
₴24480
₴33000
₴30446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
income
-
-
-
19 373
pensions
-
-
-
3 761
total
-
-
-
23 134
Employee
21 989
-
61 204
-
income
4 004
-
15 126
-
pensions
1 678
-
4 669
-
health
287
-
911
-
total
5 969
-
20 706
-
Employer
21 989
-
61 204
-
pensions
2 222
-
7 632
-
health
418
-
1 163
-
total
2 640
-
8 795
-
Corporate
45 372
70 000
-
-
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.

8 620
13 300
-
-
total
8 620
13 300
-
-
Dividends
36 752
56 700
-
-
withholding
3 752
10 235
-
-
total
3 752
10 235
-
-
Income
70 000
70 000
70 000
70 000
Total tax
20 981
23 535
29 501
23 134
After tax
49 019
46 465
40 499
46 866
Living cost
16 019
16 019
16 019
16 019
Free-cash
33 000
30 446
24 480
30 847

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
₴37695
₴27664
₴4110
-₴4506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
19 154
pensions
-
-
-
1 777
total
-
-
-
22 129
Employee
16 008
-
62 710
-
income
2 196
-
14 432
-
pensions
1 802
-
3 259
-
health
1 833
-
7 180
-
total
5 831
-
24 871
-
Employer
16 008
-
62 710
-
pensions
2 603
-
4 706
-
accident
267
-
1 047
-
unemployment
392
-
1 536
-
total
3 262
-
7 289
-
Corporate
50 730
70 000
-
-
income

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

45 657
63 000
-
-
total
45 657
63 000
-
-
Dividends
5 073
7 000
-
-
withholding
964
1 330
-
-
total
964
1 330
-
-
Income
70 000
70 000
70 000
70 000
Total tax
55 714
64 330
32 160
22 129
After tax
14 286
5 670
37 840
47 871
Living cost
10 176
10 176
10 176
10 176
Free-cash
4 110
-4 506
27 664
37 695

Estimated living cost  is ₴10176 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴33899
₴43327
₴51110
₴53115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 000
work injury
-
-
-
343
unemployment
-
-
-
823
income
-
-
-
11 458
health insurance
-
-
-
5 073
pensions
-
-
-
12 614
total
-
-
-
30 311
Employee

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

9 264
-
70 000
-
income
926
-
11 458
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
20 883
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 736
70 000
-
-
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%.

607
700
-
-
total
607
700
-
-
Dividends
60 129
69 300
-
-
withholding
9 019
10 395
-
-
total
9 019
10 395
-
-
Income
70 000
70 000
70 000
70 000
Total tax
13 100
11 095
20 883
30 311
After tax
56 900
58 905
49 117
39 689
Living cost
5 790
5 790
5 790
5 790
Free-cash
51 110
53 115
43 327
33 899

Estimated living cost  is ₴5790 per week

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

Source of data for Skopje model

Close
Rome , Italy
₴15867
₴12795
₴17837
₴19788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 000
social contributions
-
-
-
18 004
municipal
-
-
-
468
national
-
-
-
16 981
regional
-
-
-
1 597
total
-
-
-
37 050
Employee
36 135
-
70 000
-
national
6 106
-
14 685
-
social contributions
12 184
-
23 604
-
municipal
216
-
417
-
regional
546
-
1 416
-
total
19 052
-
40 122
-
Employer
36 135
-
70 000
-
total
-
-
-
-
Corporate
33 865
70 000
-
-
nationa
8 128
16 800
-
-
municipal
1 632
3 374
-
-
total
9 760
20 174
-
-
Dividends
24 105
49 826
-
-
withholding
6 268
12 955
-
-
total
6 268
12 955
-
-
Income
70 000
70 000
70 000
70 000
Total tax
35 080
33 129
40 122
37 050
After tax
34 920
36 871
29 878
32 950
Living cost
17 083
17 083
17 083
17 083
Free-cash
17 837
19 788
12 795
15 867

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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