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
₴ 71000
per

Your estimated
City
free-cash

Dresden , Germany
₴23808
₴20843
₴26321
₴31367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
trade
-
-
-
7 559
health

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

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

-
-
-
3 381
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.

-
-
-
1 108
income

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

-
-
-
20 153
total
-
-
-
32 201
Employee

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

18 930
-
71 000
-
surtax

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

29
-
1 108
-
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.

529
-
20 153
-
health

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

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

3 381
-
3 381
-
total
3 939
-
24 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 070
71 000
-
-
trade
8 201
11 183
-
-
income
7 810
10 650
-
-
chamber of commerce
150
178
-
-
surtax

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

429
586
-
-
total
16 590
22 597
-
-
Dividends
35 480
48 403
-
-
withholding
8 682
11 913
-
-
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.

477
656
-
-
total
9 159
12 569
-
-
Income
71 000
71 000
71 000
71 000
Total tax
29 688
35 166
24 642
32 201
After tax
41 312
35 834
46 358
38 799
Living cost
14 991
14 991
14 991
14 991
Free-cash
26 321
20 843
31 367
23 808

Estimated living cost  is ₴14991 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16036
₴18091
₴17656
₴16593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
7 636
pensions
-
-
-
8 520
social contributions
-
-
-
763
national
-
-
-
11 832
total
-
-
-
28 751
Employee
40 634
-
61 379
-
municipal
5 019
-
7 911
-
national
7 777
-
12 258
-
pensions
1 625
-
2 455
-
total
14 421
-
22 624
-
Employer
40 634
-
61 379
-
pensions
3 251
-
4 910
-
social contributions
437
-
660
-
total
3 688
-
5 570
-
Corporate
23 996
71 000
-
-
income

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

4 799
14 200
-
-
total
4 799
14 200
-
-
Dividends
19 197
56 800
-
-
withholding
4 223
12 496
-
-
total
4 223
12 496
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 131
26 696
28 194
28 751
After tax
43 869
44 304
42 806
42 249
Living cost
26 213
26 213
26 213
26 213
Free-cash
17 656
18 091
16 593
16 036

Estimated living cost  is ₴26213 per week

₴17816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12232
₴46504
₴42445
₴29477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
surtax
-
-
-
18 105
social contributions

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

-
-
-
18 962
income
-
-
-
11 405
microenterprise
-
-
-
-
total
-
-
-
48 472
Employee
14 462
-
57 216
-
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.

1 591
-
6 294
-
surtax
-
-
-
-
income
2 574
-
11 149
-
total
4 165
-
17 443
-
Employer
14 462
-
57 216
-
surtax
-
-
-
-
social contributions

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

3 483
-
13 784
-
total
3 483
-
13 784
-
Corporate
53 055
71 000
-
-
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%.

10 611
14 200
-
-
total
10 611
14 200
-
-
Dividends

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

42 444
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
18 259
14 200
31 227
48 472
After tax
52 741
56 800
39 773
22 528
Living cost
10 296
10 296
10 296
10 296
Free-cash
42 445
46 504
29 477
12 232

Estimated living cost  is ₴10296 per week

₴6569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
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.
₴2513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19590
₴14177
₴11146
₴21869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
18 775
total
-
-
-
30 677
Employee
42 264
42 264
61 802
-
pensions
7 607
5 799
5 799
-
income

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

6 918
6 918
7 298
-
health
6 487
5 518
6 103
-
total
21 012
18 235
19 200
-
Employer
42 264
42 264
61 802
-
pensions
2 942
2 942
3 656
-
unemployment
1 521
1 521
1 891
-
health
2 938
2 938
3 651
-
total
7 401
7 401
9 198
-
Corporate
21 854
21 336
-
-
income
4 371
4 267
-
-
total
4 371
4 267
-
-
Dividends
17 483
17 069
-
-
withholding
2 622
2 560
-
-
income
3 715
3 627
-
-
total
6 337
6 187
-
-
Income
71 000
71 000
71 000
71 000
Total tax
39 121
36 090
28 398
30 677
After tax
31 879
34 910
42 602
40 323
Living cost
20 733
20 733
20 733
20 733
Free-cash
11 146
14 177
21 869
19 590

Estimated living cost  is ₴20733 per week

₴14693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴17187
₴18383
₴17925
₴16638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
17 313
pensions
-
-
-
4 829
health
-
-
-
2 787
other
-
-
-
5 191
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
3 176
total
-
-
-
33 430
Employee
29 044
-
56 964
-
municipal
8 661
-
16 987
-
national
-
-
2 957
-
total
8 661
-
19 944
-
Employer
29 044
-
56 964
-
pensions
3 140
-
4 829
-
other
3 375
-
5 191
-
unemployment
767
-
1 179
-
accident
58
-
89
-
health
1 786
-
2 747
-
total
9 126
-
14 035
-
Corporate
32 831
71 000
-
-
income
7 223
15 620
-
-
total
7 223
15 620
-
-
Dividends
25 608
55 380
-
-
withholding
7 682
16 614
-
-
total
7 682
16 614
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 692
32 234
33 979
33 430
After tax
38 308
38 766
37 021
37 570
Living cost
20 383
20 383
20 383
20 383
Free-cash
17 925
18 383
16 638
17 187

Estimated living cost  is ₴20383 per week

₴13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19022
₴16028
₴22985
₴26916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
trade
-
-
-
7 894
health

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

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

-
-
-
3 381
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.

-
-
-
1 108
income

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

-
-
-
20 153
total
-
-
-
32 536
Employee

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

25 098
-
71 000
-
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.

118
-
1 108
-
income

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

2 156
-
20 153
-
health

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

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

3 381
-
3 381
-
total
5 655
-
24 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 902
71 000
-
-
trade
7 551
11 680
-
-
income
6 885
10 650
-
-
chamber of commerce
141
177
-
-
surtax

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

378
586
-
-
total
14 955
23 093
-
-
Dividends
30 946
47 907
-
-
withholding
7 548
11 789
-
-
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.

415
648
-
-
total
7 963
12 437
-
-
Income
71 000
71 000
71 000
71 000
Total tax
28 573
35 530
24 642
32 536
After tax
42 427
35 470
46 358
38 464
Living cost
19 442
19 442
19 442
19 442
Free-cash
22 985
16 028
26 916
19 022

Estimated living cost  is ₴19442 per week

₴13003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33285
₴35794
₴33743
₴32617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
1 811
social contributions
-
-
-
8 008
income
-
-
-
11 843
total
-
-
-
21 662
Employee
38 057
38 057
65 527
-
social contributions
1 849
3 159
4 260
-
income
3 996
3 523
11 484
-
health
378
647
1 114
-
total
6 223
7 329
16 858
-
Employer
38 057
38 057
65 527
-
social contributions
1 849
3 159
4 260
-
health
412
704
1 212
-
total
2 261
3 863
5 472
-
Corporate
46 462
29 081
-
-
income
5 808
3 635
-
-
total
5 808
3 635
-
-
Dividends
40 654
25 446
-
-
withholding
6 912
4 326
-
-
total
6 912
4 326
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 204
19 153
22 330
21 662
After tax
49 796
51 847
48 670
49 338
Living cost
16 053
16 053
16 053
16 053
Free-cash
33 743
35 794
32 617
33 285

Estimated living cost  is ₴16053 per week

₴10974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40107
₴30842
₴31031
₴32082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
7 100
health
-
-
-
4 970
unemployment
-
-
-
1 065
income
-
-
-
8 680
total
-
-
-
21 815
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.

13 104
5 215
59 414
-
pensions
1 310
522
5 941
-
unemployment
197
78
891
-
income
1 602
638
7 263
-
health
917
365
4 159
-
total
4 026
1 603
18 254
-
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.

13 104
5 215
59 414
-
pensions
2 555
1 017
11 586
-
total
2 555
1 017
11 586
-
Corporate
55 340
64 768
-
-
income
4 981
5 829
-
-
total
4 981
5 829
-
-
Dividends
50 360
58 939
-
-
withholding
9 568
11 198
-
-
social contributions
9 761
11 433
-
-
total
19 329
22 631
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 891
31 080
29 840
21 815
After tax
40 109
39 920
41 160
49 185
Living cost
9 078
9 078
9 078
9 078
Free-cash
31 031
30 842
32 082
40 107

Estimated living cost  is ₴9078 per week

₴6195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
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.
₴1959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26102
₴44846
₴41771
₴28969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
14 200
health
-
-
-
9 230
income
-
-
-
9 514
total
-
-
-
32 944
Employee
14 040
-
53 064
-
pensions
281
-
1 061
-
unemployment
224
-
849
-
income
1 581
-
10 231
-
total
2 086
-
12 141
-
Employer
14 040
-
53 064
-
pensions
2 808
-
10 613
-
unemployment
113
-
425
-
health
1 825
-
6 898
-
total
4 746
-
17 936
-
Corporate
52 214
71 000
-
-
income
10 443
14 200
-
-
total
10 443
14 200
-
-
Dividends
41 771
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
17 275
14 200
30 077
32 944
After tax
53 725
56 800
40 923
38 056
Living cost
11 954
11 954
11 954
11 954
Free-cash
41 771
44 846
28 969
26 102

Estimated living cost  is ₴11954 per week

₴8199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
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.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37547
-₴5301
₴4056
₴26899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
18 902
total
-
-
-
22 401
Employee
17 385
-
62 875
-
pensions
1 958
-
3 833
-
income
2 385
-
13 892
-
health
1 991
-
7 199
-
total
6 334
-
24 924
-
Employer
17 385
-
62 875
-
pensions
2 827
-
5 535
-
unemployment
426
-
1 540
-
accident
290
-
1 050
-
total
3 543
-
8 125
-
Corporate
50 071
71 000
-
-
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.

45 064
63 900
-
-
total
45 064
63 900
-
-
Dividends
5 007
7 100
-
-
withholding
951
1 349
-
-
total
951
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 892
65 249
33 049
22 401
After tax
15 108
5 751
37 951
48 599
Living cost
11 052
11 052
11 052
11 052
Free-cash
4 056
-5 301
26 899
37 547

Estimated living cost  is ₴11052 per week

₴8100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66242
₴63402
₴62643
₴52752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
71 000
microenterprise

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

-
-
-
710
total
-
-
-
710
Employee
5 060
-
71 000
-
income
1 012
-
14 200
-
total
1 012
-
14 200
-
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%.

65 940
71 000
-
-
total
-
-
-
-
Dividends
65 940
71 000
-
-
withholding
3 297
3 550
-
-
total
3 297
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 309
3 550
14 200
710
After tax
66 691
67 450
56 800
70 290
Living cost
4 048
4 048
4 048
4 048
Free-cash
62 643
63 402
52 752
66 242

Estimated living cost  is ₴4048 per week

₴2509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24505
₴38976
₴35633
₴27442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
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.

-
-
-
17 040
health
-
-
-
3 124
other
-
-
-
3 373
income
-
-
-
9 771
total
-
-
-
33 308
Employee
17 970
-
56 710
-
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.

1 258
-
3 969
-
unemployment
179
-
567
-
income
3 094
-
10 751
-
health
252
-
794
-
total
4 783
-
16 081
-
Employer
17 970
-
56 710
-
pensions

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

3 055
-
9 640
-
other
899
-
2 835
-
unemployment
179
-
567
-
accident
144
-
454
-
health
252
-
794
-
total
4 529
-
14 290
-
Corporate
48 501
71 000
-
-
income
10 186
14 910
-
-
total
10 186
14 910
-
-
Dividends
38 316
56 090
-
-
withholding
2 682
3 927
-
-
total
2 682
3 927
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 180
18 837
30 371
33 308
After tax
48 820
52 163
40 629
37 692
Living cost
13 187
13 187
13 187
13 187
Free-cash
35 633
38 976
27 442
24 505

Estimated living cost  is ₴13187 per week

₴9318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
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.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15397
₴15298
₴13599
₴8885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
4 109
income
-
-
-
18 643
total
-
-
-
22 752
Employee
46 479
-
62 166
-
pensions
4 484
-
5 168
-
income
8 378
-
14 301
-
health
766
-
962
-
total
13 628
-
20 431
-
Employer
46 479
-
62 166
-
pensions
5 488
-
7 652
-
health
883
-
1 181
-
total
6 371
-
8 833
-
Corporate
18 151
71 000
-
-
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.

3 449
13 490
-
-
total
3 449
13 490
-
-
Dividends
14 702
57 510
-
-
withholding
1 102
9 361
-
-
total
1 102
9 361
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 550
22 851
29 264
22 752
After tax
46 450
48 149
41 736
48 248
Living cost
32 851
32 851
32 851
32 851
Free-cash
13 599
15 298
8 885
15 397

Estimated living cost  is ₴32851 per week

₴24616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴49245
₴54216
₴51918
₴51855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
10 650
total
-
-
-
15 266
Employee
8 592
-
67 608
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
6 761
-
health
395
-
795
-
total
2 103
-
9 264
-
Employer
8 592
-
67 608
-
pensions

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

947
-
1 905
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 193
-
total
1 686
-
3 392
-
Corporate
60 722
71 000
-
-
income
6 072
7 100
-
-
total
6 072
7 100
-
-
Dividends
54 649
63 900
-
-
withholding
2 732
3 195
-
-
total
2 732
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
12 593
10 295
12 656
15 266
After tax
58 407
60 705
58 344
55 734
Living cost
6 489
6 489
6 489
6 489
Free-cash
51 918
54 216
51 855
49 245

Estimated living cost  is ₴6489 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12879
₴7466
₴8711
₴15158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
18 775
total
-
-
-
30 677
Employee
45 885
42 264
61 802
-
pensions
5 799
5 799
5 799
-
income

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

6 918
6 918
7 298
-
health
5 724
5 518
6 103
-
total
18 441
18 235
19 200
-
Employer
45 885
42 264
61 802
-
pensions
3 193
2 942
3 656
-
unemployment
1 652
1 521
1 891
-
health
3 189
2 938
3 651
-
total
8 034
7 401
9 198
-
Corporate
17 081
21 336
-
-
income
3 416
4 267
-
-
total
3 416
4 267
-
-
Dividends
13 666
17 069
-
-
withholding
2 050
2 560
-
-
income
2 904
3 627
-
-
total
4 954
6 187
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 845
36 090
28 398
30 677
After tax
36 155
34 910
42 602
40 323
Living cost
27 444
27 444
27 444
27 444
Free-cash
8 711
7 466
15 158
12 879

Estimated living cost  is ₴27444 per week

₴20244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24858
₴36583
₴32195
₴23730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
9 585
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
6 557
total
-
-
-
33 842
Employee
18 089
-
52 985
-
social contributions
1 176
-
3 444
-
income
2 171
-
6 358
-
solidarity contribution
-
-
-
-
health
2 442
-
7 153
-
total
5 789
-
16 955
-
Employer
18 089
-
52 985
-
social contributions
4 522
-
13 246
-
health
1 628
-
4 769
-
total
6 150
-
18 015
-
Corporate
46 761
71 000
-
-
income
8 885
13 490
-
-
total
8 885
13 490
-
-
Dividends
37 877
57 510
-
-
withholding
5 681
8 627
-
-
total
5 681
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 505
22 117
34 970
33 842
After tax
44 495
48 883
36 030
37 158
Living cost
12 300
12 300
12 300
12 300
Free-cash
32 195
36 583
23 730
24 858

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13994
₴16997
₴14413
₴10649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
422
regional
-
-
-
821
social contributions
-
-
-
18 262
national
-
-
-
16 617
total
-
-
-
36 122
Employee
43 985
-
71 000
-
social contributions
14 832
-
23 941
-
municipal
233
-
377
-
regional
415
-
723
-
national
7 622
-
14 426
-
total
23 102
-
39 467
-
Employer
43 985
-
71 000
-
total
-
-
-
-
Corporate
27 015
71 000
-
-
nationa
6 483
17 040
-
-
municipal
1 054
2 769
-
-
total
7 537
19 809
-
-
Dividends
19 478
51 191
-
-
withholding
5 064
13 310
-
-
total
5 064
13 310
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 703
33 119
39 467
36 122
After tax
35 297
37 881
31 533
34 878
Living cost
20 884
20 884
20 884
20 884
Free-cash
14 413
16 997
10 649
13 994

Estimated living cost  is ₴20884 per week

₴14557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22770
₴33738
₴32198
₴20952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
2 402
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
16 894
total
-
-
-
37 309
Employee
16 367
-
58 653
-
surtax
54
-
2 115
-
pensions
1 091
-
3 912
-
other
-
-
-
-
unemployment
1 139
-
4 083
-
income
2 743
-
15 174
-
health
418
-
1 496
-
total
5 445
-
26 780
-
Employer
16 367
-
58 653
-
pensions
2 182
-
7 819
-
other
-
-
-
-
unemployment
518
-
1 860
-
health
745
-
2 668
-
total
3 445
-
12 347
-
Corporate
51 189
71 000
-
-
income
13 309
18 460
-
-
total
13 309
18 460
-
-
Dividends
37 879
52 540
-
-
withholding
5 682
7 881
-
-
total
5 682
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 881
26 341
39 127
37 309
After tax
43 119
44 659
31 873
33 691
Living cost
10 921
10 921
10 921
10 921
Free-cash
32 198
33 738
20 952
22 770

Estimated living cost  is ₴10921 per week

₴6678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25805
₴25706
₴26889
₴19293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
4 109
income
-
-
-
18 643
total
-
-
-
22 752
Employee
31 149
-
62 166
-
pensions
2 644
-
5 168
-
income
5 610
-
14 301
-
health
452
-
962
-
total
8 706
-
20 431
-
Employer
31 149
-
62 166
-
pensions
3 372
-
7 652
-
health
592
-
1 181
-
total
3 964
-
8 833
-
Corporate
35 888
71 000
-
-
income

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

6 818
13 490
-
-
total
6 818
13 490
-
-
Dividends
29 069
57 510
-
-
withholding
2 180
9 361
-
-
total
2 180
9 361
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 668
22 851
29 264
22 752
After tax
49 332
48 149
41 736
48 248
Living cost
22 443
22 443
22 443
22 443
Free-cash
26 889
25 706
19 293
25 805

Estimated living cost  is ₴22443 per week

₴16814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18559
-₴7314
₴9708
₴15111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
regional
-
-
-
3 014
city
-
-
-
748
pensions
-
-
-
6 532
health
-
-
-
159
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.

-
-
-
1 420
national
-
-
-
788
total
-
-
-
12 661
Employee
46 553
-
63 550
-
regional
1 524
-
2 573
-
national
220
-
623
-
pensions
3 911
-
5 337
-
unemployment
-
-
-
-
city
500
-
682
-
health
105
-
143
-
total
6 260
-
9 358
-
Employer
46 553
-
63 550
-
pensions
3 911
-
5 337
-
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.

931
-
1 271
-
unemployment
-
-
-
-
health
105
-
143
-
total
4 947
-
6 751
-
Corporate
18 988
71 000
-
-
regional
4 016
15 017
-
-
national
1 614
6 035
-
-
total
5 630
21 052
-
-
Dividends
13 358
49 948
-
-
withholding
4 675
17 482
-
-
total
4 675
17 482
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 512
38 534
16 109
12 661
After tax
49 488
32 466
54 891
58 339
Living cost
39 780
39 780
39 780
39 780
Free-cash
9 708
-7 314
15 111
18 559

Estimated living cost  is ₴39780 per week

₴25868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15456
₴12434
₴20459
₴23686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
trade
-
-
-
8 230
health

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

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

-
-
-
3 381
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.

-
-
-
1 108
income

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

-
-
-
20 153
total
-
-
-
32 872
Employee

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

29 743
-
71 000
-
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.

193
-
1 108
-
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.

3 498
-
20 153
-
health

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

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

3 381
-
3 381
-
total
7 072
-
24 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 257
71 000
-
-
trade
7 076
12 177
-
-
income
6 188
10 650
-
-
chamber of commerce
133
175
-
-
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.

340
586
-
-
total
13 737
23 588
-
-
Dividends
27 519
47 412
-
-
withholding
6 692
11 665
-
-
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.

368
641
-
-
total
7 060
12 306
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 869
35 894
24 642
32 872
After tax
43 131
35 106
46 358
38 128
Living cost
22 672
22 672
22 672
22 672
Free-cash
20 459
12 434
23 686
15 456

Estimated living cost  is ₴22672 per week

₴16559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23339
₴18851
₴21774
₴23897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
14 203
health
-
-
-
2 497
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 804
total
-
-
-
30 728
Employee
21 182
-
55 919
-
social contributions
604
-
1 593
-
surtax
-
-
-
-
pensions
2 395
-
3 485
-
income
1 250
-
10 012
-
total
4 249
-
15 090
-
Employer
21 182
-
55 919
-
pensions
3 480
-
5 941
-
social contributions
64
-
168
-
other
731
-
2 010
-
unemployment
857
-
2 264
-
health
1 483
-
4 697
-
total
6 615
-
15 080
-
Corporate
43 204
71 000
-
-
income
12 097
19 880
-
-
surtax
-
-
-
-
total
12 097
19 880
-
-
Dividends
31 107
51 120
-
-
withholding
3 981
6 543
-
-
surtax
-
-
-
-
social contributions
5 351
8 793
-
-
total
9 332
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 293
35 216
30 170
30 728
After tax
38 707
35 784
40 830
40 272
Living cost
16 933
16 933
16 933
16 933
Free-cash
21 774
18 851
23 897
23 339

Estimated living cost  is ₴16933 per week

₴10677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴25017
₴20529
₴23278
₴25575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
14 203
health
-
-
-
2 497
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 804
total
-
-
-
30 728
Employee
18 908
-
55 919
-
social contributions
539
-
1 593
-
surtax
-
-
-
-
pensions
2 139
-
3 485
-
income
975
-
10 012
-
total
3 653
-
15 090
-
Employer
18 908
-
55 919
-
pensions
3 107
-
5 941
-
social contributions
56
-
168
-
other
653
-
2 010
-
unemployment
765
-
2 264
-
health
1 323
-
4 697
-
total
5 904
-
15 080
-
Corporate
46 188
71 000
-
-
income
12 933
19 880
-
-
surtax
-
-
-
-
total
12 933
19 880
-
-
Dividends
33 255
51 120
-
-
withholding
4 256
6 543
-
-
surtax
-
-
-
-
social contributions
5 721
8 793
-
-
total
9 977
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 467
35 216
30 170
30 728
After tax
38 533
35 784
40 830
40 272
Living cost
15 255
15 255
15 255
15 255
Free-cash
23 278
20 529
25 575
25 017

Estimated living cost  is ₴15255 per week

₴8847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35102
₴32822
₴33079
₴34114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
4 956
social contributions
-
-
-
9 798
income
-
-
-
10 650
total
-
-
-
25 404
Employee
16 781
-
71 000
-
social contributions
2 316
-
9 798
-
income
2 799
-
11 638
-
health
1 171
-
4 956
-
total
6 286
-
26 392
-
Employer
16 781
-
71 000
-
total
-
-
-
-
Corporate
54 219
71 000
-
-
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%.

2 711
3 550
-
-
total
2 711
3 550
-
-
Dividends
51 509
67 450
-
-
withholding
7 727
10 118
-
-
social contributions
7 108
9 308
-
-
health
3 595
4 708
-
-
total
18 430
24 134
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 427
27 684
26 392
25 404
After tax
43 573
43 316
44 608
45 596
Living cost
10 494
10 494
10 494
10 494
Free-cash
33 079
32 822
34 114
35 102

Estimated living cost  is ₴10494 per week

₴7023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴18747
₴21999
₴21233
₴1333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
98
unemployment
-
-
-
3 035
income
-
-
-
16 278
chamber of commerce
-
-
-
284
total
-
-
-
34 814
Employee
24 734
19 723
55 057
-
pensions
2 533
2 019
5 638
-
other
247
197
550
-
unemployment
742
592
1 652
-
income
2 816
1 455
13 019
-
health
957
764
2 131
-
total
7 295
5 027
22 990
-
Employer
24 734
19 723
55 057
-
payroll
742
592
1 652
-
chamber of commerce
99
79
220
-
pensions
3 104
2 476
6 910
-
surtax
98
98
98
-
other
1 175
936
2 615
-
unemployment
742
592
1 652
-
accident
321
256
716
-
health
934
746
2 081
-
total
7 215
5 775
15 944
-
Corporate
39 052
45 503
53 179
-
income

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

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

9 763
11 375
13 294
-
total
9 763
11 375
13 294
-
Dividends
29 289
34 127
-
-
withholding
8 055
9 385
-
-
total
8 055
9 385
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 328
31 562
52 228
34 814
After tax
38 672
39 438
18 772
36 186
Living cost
17 439
17 439
17 439
17 439
Free-cash
21 233
21 999
1 333
18 747

Estimated living cost  is ₴17439 per week

₴11631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13160
₴21696
₴14275
₴7854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
11 140
communal

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

-
-
-
3 591
national
-
-
-
25 064
total
-
-
-
39 795
Employee

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

35 401
-
54 991
-
national
10 884
-
19 036
-
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.

2 655
-
4 124
-
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.

308
-
478
-
communal

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

1 846
-
2 868
-
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.

1 663
-
2 585
-
total
17 356
-
29 091
-
Employer

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

35 401
-
54 991
-
pensions

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

3 137
-
4 873
-
surtax
4 014
-
6 236
-
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.

517
-
803
-
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.

460
-
716
-
health

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

2 177
-
3 382
-
total
10 305
-
16 010
-
Corporate
25 294
71 000
-
-
income
5 058
14 200
-
-
surtax
101
284
-
-
total
5 159
14 484
-
-
Dividends
20 134
56 517
-
-
withholding

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

5 860
16 775
-
-
total
5 860
16 775
-
-
Income
71 000
71 000
71 000
71 000
Total tax
38 680
31 259
45 101
39 795
After tax
32 320
39 741
25 899
31 205
Living cost
18 045
18 045
18 045
18 045
Free-cash
14 275
21 696
7 854
13 160

Estimated living cost  is ₴18045 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22153
₴29649
₴25975
₴19846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
17 212
total
-
-
-
30 974
Employee
24 636
-
56 376
-
pensions
1 158
-
2 156
-
other
24
-
46
-
unemployment
382
-
711
-
income
5 198
-
15 744
-
total
6 762
-
18 657
-
Employer
24 636
-
56 376
-
pensions
5 814
-
10 826
-
other
196
-
367
-
unemployment
1 355
-
2 523
-
accident
487
-
908
-
total
7 852
-
14 624
-
Corporate
38 512
71 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

5 777
10 650
-
-
total
5 777
10 650
-
-
Dividends
32 735
60 350
-
-
withholding
6 761
12 828
-
-
total
6 761
12 828
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 152
23 478
33 281
30 974
After tax
43 848
47 522
37 719
40 026
Living cost
17 873
17 873
17 873
17 873
Free-cash
25 975
29 649
19 846
22 153

Estimated living cost  is ₴17873 per week

₴13162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10019
₴15493
₴10043
₴12848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
10 642
health
-
-
-
4 988
surtax
-
-
-
3 520
accident
-
-
-
598
communal
-
-
-
4 487
income
-
-
-
9 850
total
-
-
-
34 085
Employee
37 479
-
63 421
-
surtax
2 297
-
3 886
-
pensions
2 998
-
5 074
-
income
3 620
-
11 894
-
health
1 668
-
2 822
-
total
10 583
-
23 676
-
Employer
37 479
-
63 421
-
pensions
2 998
-
5 074
-
accident
337
-
571
-
health
1 143
-
1 935
-
total
4 478
-
7 580
-
Corporate
29 043
71 000
-
-
communal
1 960
4 793
-
-
income
4 356
10 650
-
-
surtax
305
746
-
-
total
6 621
16 189
-
-
Dividends
22 421
54 811
-
-
withholding
3 363
8 222
-
-
income
9 016
4 200
-
-
total
12 379
12 422
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 061
28 611
31 256
34 085
After tax
36 939
42 389
39 744
36 915
Living cost
26 896
26 896
26 896
26 896
Free-cash
10 043
15 493
12 848
10 019

Estimated living cost  is ₴26896 per week

₴20176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22575
₴33543
₴31969
₴20757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
2 402
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
16 894
total
-
-
-
37 309
Employee
16 667
-
58 653
-
surtax
59
-
2 115
-
pensions
1 112
-
3 912
-
other
-
-
-
-
unemployment
1 160
-
4 083
-
income
2 794
-
15 174
-
health
425
-
1 496
-
total
5 550
-
26 780
-
Employer
16 667
-
58 653
-
pensions
2 222
-
7 819
-
other
-
-
-
-
unemployment
529
-
1 860
-
health
758
-
2 668
-
total
3 509
-
12 347
-
Corporate
50 824
71 000
-
-
income
13 214
18 460
-
-
total
13 214
18 460
-
-
Dividends
37 610
52 540
-
-
withholding
5 642
7 881
-
-
total
5 642
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 915
26 341
39 127
37 309
After tax
43 085
44 659
31 873
33 691
Living cost
11 116
11 116
11 116
11 116
Free-cash
31 969
33 543
20 757
22 575

Estimated living cost  is ₴11116 per week

₴6711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
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.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21297
₴23987
₴22888
₴17968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
422
regional
-
-
-
1 070
social contributions
-
-
-
18 262
national
-
-
-
16 617
total
-
-
-
36 371
Employee
27 454
-
71 000
-
social contributions
9 258
-
23 941
-
municipal
146
-
377
-
regional
370
-
956
-
national
4 349
-
14 426
-
total
14 123
-
39 700
-
Employer
27 454
-
71 000
-
total
-
-
-
-
Corporate
43 546
71 000
-
-
nationa
10 451
17 040
-
-
municipal
2 164
3 529
-
-
total
12 615
20 569
-
-
Dividends
30 931
50 432
-
-
withholding
8 042
13 112
-
-
total
8 042
13 112
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 780
33 681
39 700
36 371
After tax
36 220
37 319
31 300
34 629
Living cost
13 332
13 332
13 332
13 332
Free-cash
22 888
23 987
17 968
21 297

Estimated living cost  is ₴13332 per week

₴8291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22001
₴33726
₴28320
₴20873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
9 585
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
6 557
total
-
-
-
33 842
Employee
22 290
-
52 985
-
social contributions
1 449
-
3 444
-
income
2 675
-
6 358
-
solidarity contribution
-
-
-
-
health
3 009
-
7 153
-
total
7 133
-
16 955
-
Employer
22 290
-
52 985
-
social contributions
5 572
-
13 246
-
health
2 006
-
4 769
-
total
7 578
-
18 015
-
Corporate
41 132
71 000
-
-
income
7 815
13 490
-
-
total
7 815
13 490
-
-
Dividends
33 317
57 510
-
-
withholding
4 997
8 627
-
-
total
4 997
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 523
22 117
34 970
33 842
After tax
43 477
48 883
36 030
37 158
Living cost
15 157
15 157
15 157
15 157
Free-cash
28 320
33 726
20 873
22 001

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
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.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20494
₴23701
₴23457
₴3000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
-
unemployment
-
-
-
3 035
income
-
-
-
16 278
chamber of commerce
-
-
-
284
total
-
-
-
34 716
Employee
21 634
19 723
55 133
-
pensions
2 216
2 019
5 645
-
other
216
197
551
-
unemployment
649
592
1 654
-
income
1 927
1 455
13 045
-
health
837
764
2 134
-
total
5 845
5 027
23 029
-
Employer
21 634
19 723
55 133
-
payroll
649
592
1 654
-
chamber of commerce
86
79
221
-
pensions
2 715
2 476
6 919
-
surtax
-
-
-
-
other
1 027
936
2 618
-
unemployment
649
592
1 654
-
accident
281
256
717
-
health
818
746
2 084
-
total
6 225
5 677
15 867
-
Corporate
43 140
45 600
53 255
-
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.

10 785
11 400
13 314
-
total
10 785
11 400
13 314
-
Dividends
32 355
34 201
-
-
withholding
8 898
9 405
-
-
total
8 898
9 405
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 753
31 509
52 210
34 716
After tax
39 247
39 491
18 790
36 284
Living cost
15 790
15 790
15 790
15 790
Free-cash
23 457
23 701
3 000
20 494

Estimated living cost  is ₴15790 per week

₴9472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63982
₴61142
₴59959
₴50492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
71 000
microenterprise

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

-
-
-
710
total
-
-
-
710
Employee
7 886
-
71 000
-
income
1 577
-
14 200
-
total
1 577
-
14 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

63 114
71 000
-
-
total
-
-
-
-
Dividends
63 114
71 000
-
-
withholding
3 156
3 550
-
-
total
3 156
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 733
3 550
14 200
710
After tax
66 267
67 450
56 800
70 290
Living cost
6 308
6 308
6 308
6 308
Free-cash
59 959
61 142
50 492
63 982

Estimated living cost  is ₴6308 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
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.
₴1563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22223
₴35609
₴31469
₴20343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
pensions
-
-
-
12 966
health
-
-
-
6 986
unemployment
-
-
-
106
income
-
-
-
15 444
total
-
-
-
35 502
Employee

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

21 885
-
61 435
-
pensions
3 392
-
9 522
-
unemployment
31
-
86
-
income
3 774
-
14 241
-
health
1 413
-
3 968
-
total
8 610
-
27 817
-
Employer

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

21 885
-
61 435
-
pensions
1 937
-
5 437
-
unemployment
13
-
37
-
health
1 458
-
4 091
-
total
3 408
-
9 565
-
Corporate
45 707
71 000
-
-
income
8 685
13 490
-
-
total
8 685
13 490
-
-
Dividends
37 023
57 510
-
-
withholding
5 553
8 626
-
-
total
5 553
8 626
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 256
22 116
37 382
35 502
After tax
44 744
48 884
33 618
35 498
Living cost
13 275
13 275
13 275
13 275
Free-cash
31 469
35 609
20 343
22 223

Estimated living cost  is ₴13275 per week

₴9110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27505
₴21634
-₴3510
₴42864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
8 094
income
-
-
-
13 839
total
-
-
-
21 933
Employee
30 917
-
-
-
social contributions
2 535
-
361
-
income
6 820
-
-
-
total
9 355
-
361
-
Employer
30 917
-
-
-
social contributions
43 593
-
6 213
-
total
43 593
-
6 213
-
Corporate
-
71 000
-
-
income
-
15 620
-
-
total
-
15 620
-
-
Dividends
-
55 380
-
-
income
-
12 184
-
-
total
-
12 184
-
-
Income
71 000
71 000
71 000
71 000
Total tax
52 948
27 804
6 574
21 933
After tax
18 052
43 196
64 426
49 067
Living cost
21 562
21 562
21 562
21 562
Free-cash
-3 510
21 634
42 864
27 505

Estimated living cost  is ₴21562 per week

₴13990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23055
₴24861
₴24361
₴18156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
surtax
-
-
-
-
social contributions

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

-
-
-
24 673
income
-
-
-
7 748
total
-
-
-
32 421
Employee
22 762
-
57 373
-
social contributions
2 504
-
6 311
-
surtax
-
-
-
-
income
4 735
-
17 383
-
total
7 239
-
23 694
-
Employer
22 762
-
57 373
-
social contributions
5 406
-
13 626
-
total
5 406
-
13 626
-
Corporate
42 832
71 000
-
-
income
8 995
14 910
-
-
surtax
-
-
-
-
total
8 995
14 910
-
-
Dividends
33 837
56 090
-
-
withholding
9 475
15 705
-
-
total
9 475
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 115
30 615
37 320
32 421
After tax
39 885
40 385
33 680
38 579
Living cost
15 524
15 524
15 524
15 524
Free-cash
24 361
24 861
18 156
23 055

Estimated living cost  is ₴15524 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16368
₴11880
₴15282
₴16926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
14 203
health
-
-
-
2 497
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 804
total
-
-
-
30 728
Employee
30 997
-
55 919
-
social contributions
883
-
1 593
-
surtax
-
-
-
-
pensions
3 506
-
3 485
-
income
2 705
-
10 012
-
total
7 094
-
15 090
-
Employer
30 997
-
55 919
-
pensions
5 093
-
5 941
-
social contributions
93
-
168
-
other
1 070
-
2 010
-
unemployment
1 256
-
2 264
-
health
2 170
-
4 697
-
total
9 682
-
15 080
-
Corporate
30 321
71 000
-
-
income
8 490
19 880
-
-
surtax
-
-
-
-
total
8 490
19 880
-
-
Dividends
21 831
51 120
-
-
withholding
2 794
6 543
-
-
surtax
-
-
-
-
social contributions
3 754
8 793
-
-
total
6 548
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 814
35 216
30 170
30 728
After tax
39 186
35 784
40 830
40 272
Living cost
23 904
23 904
23 904
23 904
Free-cash
15 282
11 880
16 926
16 368

Estimated living cost  is ₴23904 per week

₴16178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37970
₴49023
₴47361
₴39857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
15 621
income
-
-
-
2 532
total
-
-
-
18 153
Employee
15 911
-
61 472
-
social contributions
1 034
-
3 996
-
income
-
-
2 742
-
total
1 034
-
6 738
-
Employer
15 911
-
61 472
-
social contributions
2 466
-
9 528
-
total
2 466
-
9 528
-
Corporate
52 623
71 000
-
-
income
5 262
7 100
-
-
total
5 262
7 100
-
-
Dividends
47 360
63 900
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
8 762
7 100
16 266
18 153
After tax
62 238
63 900
54 734
52 847
Living cost
14 877
14 877
14 877
14 877
Free-cash
47 361
49 023
39 857
37 970

Estimated living cost  is ₴14877 per week

₴9619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19001
-₴36677
-₴36677
-₴36677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
14 313
pensions
-
-
-
428
labour market
-
-
-
5 646
national
-
-
-
7 811
total
-
-
-
28 198
Employee
100 458
100 458
100 458
-
municipal
21 392
21 392
21 392
-
national
12 273
12 273
12 273
-
pensions
143
143
143
-
labour market
8 025
8 025
8 025
-
total
41 833
41 833
41 833
-
Employer
100 458
100 458
100 458
-
labour market
8 037
8 037
8 037
-
pensions
286
286
286
-
municipal
21 426
21 426
21 426
-
national
12 294
12 294
12 294
-
total
42 043
42 043
42 043
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
83 876
83 876
83 876
28 198
After tax
-12 876
-12 876
-12 876
42 802
Living cost
23 801
23 801
23 801
23 801
Free-cash
-36 677
-36 677
-36 677
19 001

Estimated living cost  is ₴23801 per week

₴16290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2105
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37710
-₴5138
₴4081
₴27062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
18 902
total
-
-
-
22 401
Employee
17 129
-
62 875
-
pensions
1 929
-
3 833
-
income
2 350
-
13 892
-
health
1 961
-
7 199
-
total
6 240
-
24 924
-
Employer
17 129
-
62 875
-
pensions
2 785
-
5 535
-
unemployment
420
-
1 540
-
accident
286
-
1 050
-
total
3 491
-
8 125
-
Corporate
50 380
71 000
-
-
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.

45 342
63 900
-
-
total
45 342
63 900
-
-
Dividends
5 038
7 100
-
-
withholding
957
1 349
-
-
total
957
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
56 030
65 249
33 049
22 401
After tax
14 970
5 751
37 951
48 599
Living cost
10 889
10 889
10 889
10 889
Free-cash
4 081
-5 138
27 062
37 710

Estimated living cost  is ₴10889 per week

₴7926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29007
₴26493
₴27265
₴19273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
71 000
municipal
-
-
-
12 621
health
-
-
-
887
national
-
-
-
9 484
total
-
-
-
22 992
Employee
26 038
-
59 729
-
municipal
4 265
-
9 736
-
national
430
-
6 078
-
pensions
1 757
-
4 032
-
unemployment
391
-
896
-
health
194
-
713
-
total
7 037
-
21 455
-
Employer
26 038
-
59 729
-
pensions
4 518
-
10 363
-
unemployment
169
-
388
-
accident
26
-
60
-
health
200
-
460
-
total
4 913
-
11 271
-
Corporate
40 049
71 000
-
-
income
8 009
14 200
-
-
total
8 009
14 200
-
-
Dividends

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

24 029
42 600
-
-
municipal
4 325
7 669
-
-
national
450
3 637
-
-
total
4 775
11 306
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 734
25 506
32 726
22 992
After tax
46 266
45 494
38 274
48 008
Living cost
19 001
19 001
19 001
19 001
Free-cash
27 265
26 493
19 273
29 007

Estimated living cost  is ₴19001 per week

₴12411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37879
₴40388
₴37695
₴37211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
1 811
social contributions
-
-
-
8 008
income
-
-
-
11 843
total
-
-
-
21 662
Employee
38 057
38 057
65 527
-
social contributions
1 439
3 159
4 260
-
income
4 144
3 523
11 484
-
health
295
647
1 114
-
total
5 878
7 329
16 858
-
Employer
38 057
38 057
65 527
-
social contributions
1 439
3 159
4 260
-
health
320
704
1 212
-
total
1 759
3 863
5 472
-
Corporate
51 905
29 081
-
-
income
6 488
3 635
-
-
total
6 488
3 635
-
-
Dividends
45 417
25 446
-
-
withholding
7 721
4 326
-
-
total
7 721
4 326
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 846
19 153
22 330
21 662
After tax
49 154
51 847
48 670
49 338
Living cost
11 459
11 459
11 459
11 459
Free-cash
37 695
40 388
37 211
37 879

Estimated living cost  is ₴11459 per week

₴6867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51099
₴50937
₴48420
₴41171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71 000
pensions
-
-
-
3 148
health
-
-
-
1 791
unemployment
-
-
-
14
income
-
-
-
7 090
total
-
-
-
12 043
Employee

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

11 360
-
66 163
-
pensions
1 704
-
7 044
-
unemployment
56
-
235
-
income
777
-
5 863
-
health
965
-
3 992
-
total
3 502
-
17 134
-
Employer

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

11 360
-
66 163
-
pensions
625
-
2 583
-
unemployment
56
-
235
-
health
488
-
2 019
-
total
1 169
-
4 837
-
Corporate
58 471
71 000
-
-
income
5 262
6 390
-
-
total
5 262
6 390
-
-
Dividends
53 208
64 610
-
-
withholding
4 789
5 815
-
-
total
4 789
5 815
-
-
Income
71 000
71 000
71 000
71 000
Total tax
14 722
12 205
21 971
12 043
After tax
56 278
58 795
49 029
58 957
Living cost
7 858
7 858
7 858
7 858
Free-cash
48 420
50 937
41 171
51 099

Estimated living cost  is ₴7858 per week

₴5013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
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.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴26416
₴33912
₴31582
₴24109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
17 212
total
-
-
-
30 974
Employee
18 300
-
56 376
-
pensions
860
-
2 156
-
other
18
-
46
-
unemployment
284
-
711
-
income
3 528
-
15 744
-
total
4 690
-
18 657
-
Employer
18 300
-
56 376
-
pensions
4 318
-
10 826
-
other
147
-
367
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
total
5 835
-
14 624
-
Corporate
46 866
71 000
-
-
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.

7 030
10 650
-
-
total
7 030
10 650
-
-
Dividends
39 836
60 350
-
-
withholding
8 253
12 828
-
-
total
8 253
12 828
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 808
23 478
33 281
30 974
After tax
45 192
47 522
37 719
40 026
Living cost
13 610
13 610
13 610
13 610
Free-cash
31 582
33 912
24 109
26 416

Estimated living cost  is ₴13610 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44618
₴43339
₴43181
₴44550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
704
health
-
-
-
510
income
-
-
-
24 203
total
-
-
-
25 417
Employee
1 469
-
70 208
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
284
-
24 166
-
health
73
-
176
-
total
504
-
24 694
-
Employer
1 469
-
70 208
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
334
-
total
331
-
791
-
Corporate
69 200
71 000
-
-
income
15 224
15 620
-
-
total
15 224
15 620
-
-
Dividends
53 976
55 380
-
-
withholding
10 795
11 076
-
-
total
10 795
11 076
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 854
26 696
25 485
25 417
After tax
44 146
44 304
45 515
45 583
Living cost
965
965
965
965
Free-cash
43 181
43 339
44 550
44 618

Estimated living cost  is ₴965 per week

₴573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32945
₴42743
₴40309
₴32947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
pensions
-
-
-
9 504
health
-
-
-
3 765
unemployment
-
-
-
548
income
-
-
-
15 684
total
-
-
-
29 501
Employee

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

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

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

12 898
-
64 457
-
pensions
1 806
-
5 117
-
unemployment
97
-
274
-
income
1 778
-
15 684
-
health
664
-
1 882
-
total
4 345
-
22 957
-
Employer

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

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

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

12 898
-
64 457
-
pensions
1 548
-
4 386
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 309
-
6 542
-
Corporate
55 793
71 000
-
-
income
8 369
10 650
-
-
total
8 369
10 650
-
-
Dividends
47 424
60 350
-
-
withholding
7 114
9 053
-
-
total
7 114
9 053
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 137
19 703
29 499
29 501
After tax
48 863
51 297
41 501
41 499
Living cost
8 554
8 554
8 554
8 554
Free-cash
40 309
42 743
32 947
32 945

Estimated living cost  is ₴8554 per week

₴5759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
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.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25236
₴27042
₴26863
₴20337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
surtax
-
-
-
-
social contributions

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

-
-
-
24 673
income
-
-
-
7 748
total
-
-
-
32 421
Employee
19 209
-
57 373
-
social contributions
2 113
-
6 311
-
surtax
-
-
-
-
income
3 753
-
17 383
-
total
5 866
-
23 694
-
Employer
19 209
-
57 373
-
social contributions
4 562
-
13 626
-
total
4 562
-
13 626
-
Corporate
47 230
71 000
-
-
income
9 918
14 910
-
-
surtax
-
-
-
-
total
9 918
14 910
-
-
Dividends
37 312
56 090
-
-
withholding
10 448
15 705
-
-
total
10 448
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 794
30 615
37 320
32 421
After tax
40 206
40 385
33 680
38 579
Living cost
13 343
13 343
13 343
13 343
Free-cash
26 863
27 042
20 337
25 236

Estimated living cost  is ₴13343 per week

₴9450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22633
₴30129
₴26622
₴20326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
17 212
total
-
-
-
30 974
Employee
23 902
-
56 376
-
pensions
1 123
-
2 156
-
other
23
-
46
-
unemployment
370
-
711
-
income
4 992
-
15 744
-
total
6 508
-
18 657
-
Employer
23 902
-
56 376
-
pensions
5 641
-
10 826
-
other
192
-
367
-
unemployment
1 315
-
2 523
-
accident
473
-
908
-
total
7 621
-
14 624
-
Corporate
39 477
71 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

5 922
10 650
-
-
total
5 922
10 650
-
-
Dividends
33 556
60 350
-
-
withholding
6 934
12 828
-
-
total
6 934
12 828
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 985
23 478
33 281
30 974
After tax
44 015
47 522
37 719
40 026
Living cost
17 393
17 393
17 393
17 393
Free-cash
26 622
30 129
20 326
22 633

Estimated living cost  is ₴17393 per week

₴12491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47220
₴52191
₴49174
₴49830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
10 650
total
-
-
-
15 266
Employee
11 273
-
67 608
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
6 761
-
health
519
-
795
-
total
2 761
-
9 264
-
Employer
11 273
-
67 608
-
pensions

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

1 242
-
1 905
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
778
-
1 193
-
total
2 212
-
3 392
-
Corporate
57 515
71 000
-
-
income
5 751
7 100
-
-
total
5 751
7 100
-
-
Dividends
51 763
63 900
-
-
withholding
2 588
3 195
-
-
total
2 588
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 312
10 295
12 656
15 266
After tax
57 688
60 705
58 344
55 734
Living cost
8 514
8 514
8 514
8 514
Free-cash
49 174
52 191
49 830
47 220

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
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.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20365
₴17460
₴23934
₴27251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
trade
-
-
-
6 886
health

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

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

-
-
-
3 381
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.

-
-
-
1 108
income

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

-
-
-
20 153
total
-
-
-
31 528
Employee

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

24 625
-
71 000
-
surtax

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

112
-
1 108
-
income

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

2 025
-
20 153
-
health

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

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

3 381
-
3 381
-
total
5 518
-
24 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 375
71 000
-
-
trade
6 655
10 188
-
-
income
6 957
10 650
-
-
chamber of commerce
143
179
-
-
surtax

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

382
586
-
-
total
14 137
21 603
-
-
Dividends
32 238
49 396
-
-
withholding
7 871
12 161
-
-
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.

433
669
-
-
total
8 304
12 830
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 959
34 433
24 642
31 528
After tax
43 041
36 567
46 358
39 472
Living cost
19 107
19 107
19 107
19 107
Free-cash
23 934
17 460
27 251
20 365

Estimated living cost  is ₴19107 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2056
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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11117
₴21508
₴22601
₴11117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
11 471
income
-
-
-
20 220
total
-
-
-
31 691
Employee
38 713
-
71 000
-
social contributions
3 216
-
11 471
-
income
7 305
-
20 220
-
total
10 521
-
31 691
-
Employer
38 713
-
71 000
-
total
-
-
-
-
Corporate
32 287
71 000
-
-
income
4 036
8 875
-
-
total
4 036
8 875
-
-
Dividends
28 251
62 125
-
-
withholding
5 650
12 425
-
-
total
5 650
12 425
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 207
21 300
31 691
31 691
After tax
50 793
49 700
39 309
39 309
Living cost
28 192
28 192
28 192
28 192
Free-cash
22 601
21 508
11 117
11 117

Estimated living cost  is ₴28192 per week

₴21448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35908
₴25570
₴27299
₴33504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
health

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

-
-
-
3 039
income
-
-
-
14 088
total
-
-
-
17 127
Employee
22 704
-
68 723
-
social contributions
2 275
-
2 277
-
income
2 464
-
14 977
-
total
4 739
-
17 254
-
Employer
22 704
-
68 723
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
46 022
71 000
-
-
income
16 107
24 850
-
-
total
16 107
24 850
-
-
Dividends
29 914
46 150
-
-
social contributions
2 615
2 615
-
-
total
2 615
2 615
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 736
27 465
19 531
17 127
After tax
45 264
43 535
51 469
53 873
Living cost
17 966
17 966
17 966
17 966
Free-cash
27 299
25 570
33 504
35 908

Estimated living cost  is ₴17966 per week

₴11834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30003
₴29904
₴32180
₴23491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
4 109
income
-
-
-
18 643
total
-
-
-
22 752
Employee
25 044
-
62 166
-
pensions
1 911
-
5 168
-
income
4 561
-
14 301
-
health
327
-
962
-
total
6 799
-
20 431
-
Employer
25 044
-
62 166
-
pensions
2 530
-
7 652
-
health
476
-
1 181
-
total
3 006
-
8 833
-
Corporate
42 950
71 000
-
-
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.

8 161
13 490
-
-
total
8 161
13 490
-
-
Dividends
34 789
57 510
-
-
withholding
2 609
9 361
-
-
total
2 609
9 361
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 575
22 851
29 264
22 752
After tax
50 425
48 149
41 736
48 248
Living cost
18 245
18 245
18 245
18 245
Free-cash
32 180
29 904
23 491
30 003

Estimated living cost  is ₴18245 per week

₴12516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴36632
-₴6216
₴3916
₴25984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
18 902
total
-
-
-
22 401
Employee
18 825
-
62 875
-
pensions
2 120
-
3 833
-
income
2 583
-
13 892
-
health
2 155
-
7 199
-
total
6 858
-
24 924
-
Employer
18 825
-
62 875
-
pensions
3 061
-
5 535
-
unemployment
461
-
1 540
-
accident
314
-
1 050
-
total
3 836
-
8 125
-
Corporate
48 339
71 000
-
-
income

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

43 505
63 900
-
-
total
43 505
63 900
-
-
Dividends
4 834
7 100
-
-
withholding
918
1 349
-
-
total
918
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 117
65 249
33 049
22 401
After tax
15 883
5 751
37 951
48 599
Living cost
11 967
11 967
11 967
11 967
Free-cash
3 916
-6 216
25 984
36 632

Estimated living cost  is ₴11967 per week

₴8782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33336
₴53070
₴50760
₴41992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
71 000
pensions
-
-
-
13 064
health insurance
-
-
-
5 254
work injury
-
-
-
355
unemployment
-
-
-
852
income
-
-
-
11 463
total
-
-
-
30 988
Employee

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

10 682
-
71 000
-
pensions
1 965
-
7 272
-
health insurance
790
-
2 925
-
unemployment
128
-
474
-
income
1 068
-
11 463
-
work injury
53
-
198
-
total
4 004
-
22 332
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 318
71 000
-
-
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%.

603
710
-
-
total
603
710
-
-
Dividends
59 715
70 290
-
-
withholding
8 957
10 544
-
-
total
8 957
10 544
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 564
11 254
22 332
30 988
After tax
57 436
59 746
48 668
40 012
Living cost
6 676
6 676
6 676
6 676
Free-cash
50 760
53 070
41 992
33 336

Estimated living cost  is ₴6676 per week

₴4136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
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.
₴1847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14323
₴17682
₴15429
₴11100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
474
regional
-
-
-
1 608
social contributions
-
-
-
18 262
national
-
-
-
16 617
total
-
-
-
36 961
Employee
41 705
-
71 000
-
social contributions
14 063
-
23 941
-
municipal
249
-
424
-
regional
630
-
1 393
-
national
7 048
-
14 426
-
total
21 990
-
40 184
-
Employer
41 705
-
71 000
-
total
-
-
-
-
Corporate
29 295
71 000
-
-
nationa
7 031
17 040
-
-
municipal
1 412
3 422
-
-
total
8 443
20 462
-
-
Dividends
20 853
50 538
-
-
withholding
5 422
13 140
-
-
total
5 422
13 140
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 855
33 602
40 184
36 961
After tax
35 145
37 398
30 816
34 039
Living cost
19 716
19 716
19 716
19 716
Free-cash
15 429
17 682
11 100
14 323

Estimated living cost  is ₴19716 per week

₴13849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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