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
₴20886
₴31389
₴23822
₴26345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
20 177
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.

-
-
-
1 110
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.

-
-
-
3 372
trade
-
-
-
7 567
total
-
-
-
32 226
Employee

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

18 881
-
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
-
1 110
-
income

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

527
-
20 177
-
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.

3 372
-
3 372
-
total
3 928
-
24 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 119
71 000
-
-
income
7 817
10 650
-
-
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.

430
585
-
-
chamber of commerce
150
177
-
-
trade
8 209
11 182
-
-
total
16 606
22 594
-
-
Dividends
35 513
48 405
-
-
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.

478
655
-
-
withholding
8 691
11 913
-
-
total
9 169
12 568
-
-
Income
71 000
71 000
71 000
71 000
Total tax
29 703
35 162
24 659
32 226
After tax
41 297
35 838
46 341
38 774
Living cost
14 952
14 952
14 952
14 952
Free-cash
26 345
20 886
31 389
23 822

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18089
₴16591
₴16034
₴17653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
763
municipal
-
-
-
7 636
national
-
-
-
11 832
pensions
-
-
-
8 520
total
-
-
-
28 751
Employee
40 639
-
61 379
-
municipal
5 020
-
7 911
-
pensions
1 626
-
2 455
-
national
7 778
-
12 258
-
total
14 424
-
22 624
-
Employer
40 639
-
61 379
-
pensions
3 251
-
4 910
-
social contributions
437
-
660
-
total
3 688
-
5 570
-
Corporate
23 991
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%.

4 798
14 200
-
-
total
4 798
14 200
-
-
Dividends
19 193
56 800
-
-
withholding
4 222
12 496
-
-
total
4 222
12 496
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 132
26 696
28 194
28 751
After tax
43 868
44 304
42 806
42 249
Living cost
26 215
26 215
26 215
26 215
Free-cash
17 653
18 089
16 591
16 034

Estimated living cost  is ₴26215 per week

₴17818
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.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46530
₴33317
₴12294
₴42480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 417
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.

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
48 436
Employee
14 425
-
50 351
-
surtax
-
-
-
-
social contributions

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

1 587
-
5 538
-
income
2 568
-
9 745
-
total
4 155
-
15 283
-
Employer
14 425
-
50 351
-
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.

3 475
-
12 130
-
surtax
-
-
-
-
total
3 475
-
12 130
-
Corporate
53 101
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%.

10 620
14 200
-
-
total
10 620
14 200
-
-
Dividends

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

42 480
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
18 250
14 200
27 413
48 436
After tax
52 750
56 800
43 587
22 564
Living cost
10 270
10 270
10 270
10 270
Free-cash
42 480
46 530
33 317
12 294

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14234
₴21948
₴19628
₴11210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 821
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
30 692
Employee
42 155
42 155
61 826
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
7 327
-
health
6 470
5 504
6 087
-
total
20 958
18 188
19 198
-
Employer
42 155
42 155
61 826
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
21 980
21 463
-
-
income
4 396
4 292
-
-
total
4 396
4 292
-
-
Dividends
17 583
17 170
-
-
income
3 737
3 649
-
-
withholding
2 637
2 575
-
-
total
6 374
6 224
-
-
Income
71 000
71 000
71 000
71 000
Total tax
39 110
36 086
28 372
30 692
After tax
31 890
34 914
42 628
40 308
Living cost
20 680
20 680
20 680
20 680
Free-cash
11 210
14 234
21 948
19 628

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18541
₴16784
₴17329
₴18086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
17 343
national
-
-
-
3 261
pensions
-
-
-
4 792
total
-
-
-
33 446
Employee
28 819
-
57 073
-
municipal
8 594
-
17 019
-
national
-
-
3 044
-
total
8 594
-
20 063
-
Employer
28 819
-
57 073
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
33 126
71 000
-
-
income
7 288
15 620
-
-
total
7 288
15 620
-
-
Dividends
25 838
55 380
-
-
withholding
7 752
16 614
-
-
total
7 752
16 614
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 689
32 234
33 991
33 446
After tax
38 311
38 766
37 009
37 554
Living cost
20 225
20 225
20 225
20 225
Free-cash
18 086
18 541
16 784
17 329

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16079
₴26948
₴19044
₴23013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
20 177
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.

-
-
-
1 110
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.

-
-
-
3 372
trade
-
-
-
7 904
total
-
-
-
32 563
Employee

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

25 034
-
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
-
1 110
-
income

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

2 151
-
20 177
-
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.

3 372
-
3 372
-
total
5 641
-
24 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 966
71 000
-
-
income
6 895
10 650
-
-
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.

379
585
-
-
chamber of commerce
141
176
-
-
trade
7 562
11 680
-
-
total
14 977
23 091
-
-
Dividends
30 990
47 908
-
-
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.

416
648
-
-
withholding
7 560
11 789
-
-
total
7 976
12 437
-
-
Income
71 000
71 000
71 000
71 000
Total tax
28 594
35 528
24 659
32 563
After tax
42 406
35 472
46 341
38 437
Living cost
19 393
19 393
19 393
19 393
Free-cash
23 013
16 079
26 948
19 044

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
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.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35836
₴32649
₴33316
₴33787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 875
social contributions
-
-
-
7 987
health
-
-
-
1 811
total
-
-
-
21 673
Employee
37 959
37 959
65 539
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
11 516
-
health
378
645
1 114
-
total
6 209
7 309
16 879
-
Employer
37 959
37 959
65 539
-
health
411
703
1 212
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 461
-
Corporate
46 525
29 188
-
-
income
5 816
3 649
-
-
total
5 816
3 649
-
-
Dividends
40 709
25 539
-
-
withholding
6 921
4 342
-
-
total
6 921
4 342
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 202
19 153
22 340
21 673
After tax
49 798
51 847
48 660
49 327
Living cost
16 011
16 011
16 011
16 011
Free-cash
33 787
35 836
32 649
33 316

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴30862
₴32102
₴40127
₴31049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 680
unemployment
-
-
-
1 065
health
-
-
-
4 970
pensions
-
-
-
7 100
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.

13 076
5 204
59 414
-
unemployment
196
78
891
-
pensions
1 308
520
5 941
-
income
1 599
636
7 263
-
health
915
364
4 159
-
total
4 018
1 598
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.

13 076
5 204
59 414
-
pensions
2 550
1 015
11 586
-
total
2 550
1 015
11 586
-
Corporate
55 374
64 781
-
-
income
4 984
5 830
-
-
total
4 984
5 830
-
-
Dividends
50 391
58 951
-
-
social contributions
9 767
11 436
-
-
withholding
9 574
11 201
-
-
total
19 341
22 637
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 893
31 080
29 840
21 815
After tax
40 107
39 920
41 160
49 185
Living cost
9 058
9 058
9 058
9 058
Free-cash
31 049
30 862
32 102
40 127

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
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.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44877
₴29000
₴26132
₴41810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 514
health
-
-
-
9 230
pensions
-
-
-
14 201
total
-
-
-
32 945
Employee
14 004
-
53 064
-
unemployment
224
-
849
-
pensions
280
-
1 061
-
income
1 577
-
10 231
-
total
2 081
-
12 141
-
Employer
14 004
-
53 064
-
health
1 820
-
6 899
-
pensions
2 801
-
10 613
-
unemployment
112
-
424
-
total
4 733
-
17 936
-
Corporate
52 262
71 000
-
-
income
10 453
14 200
-
-
total
10 453
14 200
-
-
Dividends
41 810
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
17 267
14 200
30 077
32 945
After tax
53 733
56 800
40 923
38 055
Living cost
11 923
11 923
11 923
11 923
Free-cash
41 810
44 877
29 000
26 132

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5244
₴26973
₴37603
₴4065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
18 922
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
22 402
Employee
17 295
-
62 902
-
pensions
1 947
-
3 813
-
income
2 373
-
13 920
-
health
1 980
-
7 202
-
total
6 300
-
24 935
-
Employer
17 295
-
62 902
-
pensions
2 812
-
5 506
-
accident
289
-
1 050
-
unemployment
424
-
1 541
-
total
3 525
-
8 097
-
Corporate
50 180
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.

45 162
63 900
-
-
total
45 162
63 900
-
-
Dividends
5 018
7 100
-
-
withholding
953
1 349
-
-
total
953
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 940
65 249
33 032
22 402
After tax
15 060
5 751
37 968
48 598
Living cost
10 995
10 995
10 995
10 995
Free-cash
4 065
-5 244
26 973
37 603

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63455
₴52805
₴66295
₴62706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
71 000
-
income
999
-
14 200
-
total
999
-
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%.

66 006
71 000
-
-
total
-
-
-
-
Dividends
66 006
71 000
-
-
withholding
3 300
3 550
-
-
total
3 300
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 299
3 550
14 200
710
After tax
66 701
67 450
56 800
70 290
Living cost
3 995
3 995
3 995
3 995
Free-cash
62 706
63 455
52 805
66 295

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39010
₴27471
₴24534
₴35676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 777
other
-
-
-
3 372
health
-
-
-
3 124
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.

-
-
-
17 039
total
-
-
-
33 312
Employee
17 924
-
56 709
-
unemployment
179
-
567
-
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.

1 254
-
3 969
-
income
3 086
-
10 756
-
health
251
-
794
-
total
4 770
-
16 086
-
Employer
17 924
-
56 709
-
health
251
-
794
-
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.

3 047
-
9 640
-
accident
143
-
453
-
unemployment
179
-
567
-
other
897
-
2 835
-
total
4 517
-
14 289
-
Corporate
48 559
71 000
-
-
income
10 197
14 910
-
-
total
10 197
14 910
-
-
Dividends
38 362
56 090
-
-
withholding
2 686
3 926
-
-
total
2 686
3 926
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 170
18 836
30 375
33 312
After tax
48 830
52 164
40 625
37 688
Living cost
13 154
13 154
13 154
13 154
Free-cash
35 676
39 010
27 471
24 534

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴15323
₴8914
₴15425
₴13641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 653
pensions
-
-
-
4 106
total
-
-
-
22 759
Employee
46 430
-
62 166
-
pensions
4 479
-
5 163
-
income
8 369
-
14 312
-
health
765
-
961
-
total
13 613
-
20 436
-
Employer
46 430
-
62 166
-
health
882
-
1 181
-
pensions
5 482
-
7 653
-
total
6 364
-
8 834
-
Corporate
18 206
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.

3 459
13 490
-
-
total
3 459
13 490
-
-
Dividends
14 747
57 510
-
-
withholding
1 107
9 371
-
-
total
1 107
9 371
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 543
22 861
29 270
22 759
After tax
46 457
48 139
41 730
48 241
Living cost
32 816
32 816
32 816
32 816
Free-cash
13 641
15 323
8 914
15 425

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54224
₴51870
₴49259
₴51928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 650
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
15 260
Employee
8 582
-
67 612
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
6 761
-
health
395
-
794
-
total
2 101
-
9 261
-
Employer
8 582
-
67 612
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
60 734
71 000
-
-
income
6 074
7 100
-
-
total
6 074
7 100
-
-
Dividends
54 660
63 900
-
-
withholding
2 733
3 195
-
-
total
2 733
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
12 591
10 295
12 649
15 260
After tax
58 409
60 705
58 351
55 740
Living cost
6 481
6 481
6 481
6 481
Free-cash
51 928
54 224
51 870
49 259

Estimated living cost  is ₴6481 per week

₴3784
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.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7541
₴15255
₴12935
₴8782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 821
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
30 692
Employee
45 767
42 155
61 826
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
7 327
-
health
5 710
5 504
6 087
-
total
18 394
18 188
19 198
-
Employer
45 767
42 155
61 826
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
17 219
21 463
-
-
income
3 444
4 292
-
-
total
3 444
4 292
-
-
Dividends
13 776
17 170
-
-
income
2 927
3 649
-
-
withholding
2 067
2 575
-
-
total
4 994
6 224
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 845
36 086
28 372
30 692
After tax
36 155
34 914
42 628
40 308
Living cost
27 373
27 373
27 373
27 373
Free-cash
8 782
7 541
15 255
12 935

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36617
₴23763
₴24932
₴32240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 564
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
9 585
total
-
-
-
33 801
Employee
18 040
-
52 985
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 444
-
income
2 165
-
6 358
-
health
2 435
-
7 153
-
total
5 773
-
16 955
-
Employer
18 040
-
52 985
-
health
1 624
-
4 769
-
social contributions
4 510
-
13 246
-
total
6 134
-
18 015
-
Corporate
46 826
71 000
-
-
income
8 897
13 490
-
-
total
8 897
13 490
-
-
Dividends
37 929
57 510
-
-
withholding
5 689
8 626
-
-
total
5 689
8 626
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 493
22 116
34 970
33 801
After tax
44 507
48 884
36 030
37 199
Living cost
12 267
12 267
12 267
12 267
Free-cash
32 240
36 617
23 763
24 932

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17051
₴10694
₴14036
₴14473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 261
regional
-
-
-
821
municipal
-
-
-
422
national
-
-
-
16 630
total
-
-
-
36 134
Employee
43 872
-
71 000
-
municipal
232
-
377
-
national
7 602
-
14 435
-
regional
414
-
723
-
social contributions
14 794
-
23 941
-
total
23 042
-
39 476
-
Employer
43 872
-
71 000
-
total
-
-
-
-
Corporate
27 128
71 000
-
-
municipal
1 058
2 769
-
-
nationa
6 511
17 040
-
-
total
7 569
19 809
-
-
Dividends
19 559
51 191
-
-
withholding
5 086
13 310
-
-
total
5 086
13 310
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 697
33 119
39 476
36 134
After tax
35 303
37 881
31 524
34 866
Living cost
20 830
20 830
20 830
20 830
Free-cash
14 473
17 051
10 694
14 036

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33766
₴20960
₴22800
₴32231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 932
other
-
-
-
-
surtax
-
-
-
2 409
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
37 307
Employee
16 325
-
58 653
-
other
-
-
-
-
unemployment
1 136
-
4 083
-
pensions
1 089
-
3 912
-
surtax
53
-
2 119
-
income
2 736
-
15 191
-
health
417
-
1 495
-
total
5 431
-
26 800
-
Employer
16 325
-
58 653
-
health
743
-
2 669
-
pensions
2 176
-
7 818
-
unemployment
517
-
1 860
-
other
-
-
-
-
total
3 436
-
12 347
-
Corporate
51 239
71 000
-
-
income
13 322
18 460
-
-
total
13 322
18 460
-
-
Dividends
37 917
52 540
-
-
withholding
5 687
7 881
-
-
total
5 687
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 876
26 341
39 147
37 307
After tax
43 124
44 659
31 853
33 693
Living cost
10 893
10 893
10 893
10 893
Free-cash
32 231
33 766
20 960
22 800

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25720
₴19311
₴25822
₴26917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 653
pensions
-
-
-
4 106
total
-
-
-
22 759
Employee
31 116
-
62 166
-
pensions
2 641
-
5 163
-
income
5 604
-
14 312
-
health
452
-
961
-
total
8 697
-
20 436
-
Employer
31 116
-
62 166
-
health
591
-
1 181
-
pensions
3 368
-
7 653
-
total
3 959
-
8 834
-
Corporate
35 924
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.

6 825
13 490
-
-
total
6 825
13 490
-
-
Dividends
29 099
57 510
-
-
withholding
2 183
9 371
-
-
total
2 183
9 371
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 664
22 861
29 270
22 759
After tax
49 336
48 139
41 730
48 241
Living cost
22 419
22 419
22 419
22 419
Free-cash
26 917
25 720
19 311
25 822

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6675
₴15695
₴19148
₴10071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
3 047
health
-
-
-
160
city
-
-
-
748
national
-
-
-
804
pensions
-
-
-
6 532
total
-
-
-
12 711
Employee
45 805
-
63 549
-
unemployment
-
-
-
-
pensions
3 848
-
5 339
-
national
217
-
641
-
regional
1 500
-
2 605
-
city
492
-
683
-
health
104
-
143
-
total
6 161
-
9 411
-
Employer
45 805
-
63 549
-
health
104
-
143
-
pensions
3 848
-
5 339
-
unemployment
-
-
-
-
other

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

916
-
1 271
-
total
4 868
-
6 753
-
Corporate
19 824
71 000
-
-
regional
4 193
15 017
-
-
national
1 685
6 035
-
-
total
5 878
21 052
-
-
Dividends
13 946
49 948
-
-
withholding
4 881
17 482
-
-
total
4 881
17 482
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 788
38 534
16 164
12 711
After tax
49 212
32 466
54 836
58 289
Living cost
39 141
39 141
39 141
39 141
Free-cash
10 071
-6 675
15 695
19 148

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12492
₴23727
₴15487
₴20496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
20 177
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.

-
-
-
1 110
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.

-
-
-
3 372
trade
-
-
-
8 240
total
-
-
-
32 899
Employee

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

29 667
-
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.

192
-
1 110
-
income

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

3 489
-
20 177
-
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.

3 372
-
3 372
-
total
7 053
-
24 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 333
71 000
-
-
income
6 200
10 650
-
-
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.

341
585
-
-
chamber of commerce
133
175
-
-
trade
7 089
12 176
-
-
total
13 763
23 586
-
-
Dividends
27 570
47 413
-
-
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.

369
642
-
-
withholding
6 705
11 666
-
-
total
7 074
12 308
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 890
35 894
24 659
32 899
After tax
43 110
35 106
46 341
38 101
Living cost
22 614
22 614
22 614
22 614
Free-cash
20 496
12 492
23 727
15 487

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18895
₴23915
₴23381
₴21812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 822
other
-
-
-
2 201
surtax
-
-
-
-
social contributions
-
-
-
2 023
health
-
-
-
2 504
pensions
-
-
-
14 180
total
-
-
-
30 730
Employee
21 127
-
55 906
-
pensions
2 389
-
3 490
-
surtax
-
-
-
-
social contributions
602
-
1 593
-
income
1 247
-
10 020
-
total
4 238
-
15 103
-
Employer
21 127
-
55 906
-
health
1 479
-
4 702
-
pensions
3 471
-
5 947
-
unemployment
855
-
2 264
-
social contributions
64
-
168
-
other
729
-
2 012
-
total
6 598
-
15 093
-
Corporate
43 275
71 000
-
-
income
12 117
19 880
-
-
surtax
-
-
-
-
total
12 117
19 880
-
-
Dividends
31 158
51 120
-
-
surtax
-
-
-
-
social contributions
5 358
8 793
-
-
withholding
3 988
6 543
-
-
total
9 346
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 299
35 216
30 196
30 730
After tax
38 701
35 784
40 804
40 270
Living cost
16 889
16 889
16 889
16 889
Free-cash
21 812
18 895
23 915
23 381

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20568
₴25588
₴25054
₴23312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 822
other
-
-
-
2 201
surtax
-
-
-
-
social contributions
-
-
-
2 023
health
-
-
-
2 504
pensions
-
-
-
14 180
total
-
-
-
30 730
Employee
18 859
-
55 906
-
pensions
2 133
-
3 490
-
surtax
-
-
-
-
social contributions
538
-
1 593
-
income
972
-
10 020
-
total
3 643
-
15 103
-
Employer
18 859
-
55 906
-
health
1 320
-
4 702
-
pensions
3 099
-
5 947
-
unemployment
763
-
2 264
-
social contributions
56
-
168
-
other
651
-
2 012
-
total
5 889
-
15 093
-
Corporate
46 251
71 000
-
-
income
12 950
19 880
-
-
surtax
-
-
-
-
total
12 950
19 880
-
-
Dividends
33 301
51 120
-
-
surtax
-
-
-
-
social contributions
5 728
8 793
-
-
withholding
4 262
6 543
-
-
total
9 990
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 472
35 216
30 196
30 730
After tax
38 528
35 784
40 804
40 270
Living cost
15 216
15 216
15 216
15 216
Free-cash
23 312
20 568
25 588
25 054

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32849
₴34133
₴35128
₴33105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 650
social contributions
-
-
-
9 798
health
-
-
-
4 956
total
-
-
-
25 404
Employee
16 738
-
71 000
-
social contributions
2 310
-
9 798
-
income
2 792
-
11 645
-
health
1 168
-
4 956
-
total
6 270
-
26 399
-
Employer
16 738
-
71 000
-
total
-
-
-
-
Corporate
54 262
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%.

2 713
3 550
-
-
total
2 713
3 550
-
-
Dividends
51 550
67 450
-
-
social contributions
7 114
9 308
-
-
withholding
7 732
10 117
-
-
health
3 598
4 708
-
-
total
18 444
24 133
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 427
27 683
26 399
25 404
After tax
43 573
43 317
44 601
45 596
Living cost
10 468
10 468
10 468
10 468
Free-cash
33 105
32 849
34 133
35 128

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22042
₴1360
₴18804
₴21281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 313
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
284
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
34 802
Employee
24 670
19 673
55 057
-
other
246
197
551
-
unemployment
740
590
1 652
-
pensions
2 527
2 014
5 638
-
income
2 808
1 451
13 034
-
health
955
762
2 130
-
total
7 276
5 014
23 005
-
Employer
24 670
19 673
55 057
-
chamber of commerce
98
79
220
-
health
932
744
2 082
-
pensions
3 096
2 469
6 910
-
accident
320
256
716
-
unemployment
740
590
1 652
-
surtax
97
97
97
-
payroll
740
590
1 652
-
other
1 172
934
2 616
-
total
7 195
5 759
15 945
-
Corporate
39 133
45 568
53 183
-
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.

9 783
11 392
13 296
-
total
9 783
11 392
13 296
-
Dividends
29 350
34 176
-
-
withholding
8 071
9 399
-
-
total
8 071
9 399
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 325
31 564
52 246
34 802
After tax
38 675
39 436
18 754
36 198
Living cost
17 394
17 394
17 394
17 394
Free-cash
21 281
22 042
1 360
18 804

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21742
₴7889
₴13194
₴14339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
3 592
social contributions
-
-
-
11 137
national
-
-
-
25 078
total
-
-
-
39 807
Employee

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

35 311
-
54 990
-
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.

307
-
479
-
communal

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

1 842
-
2 868
-
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.

2 648
-
4 125
-
national
10 856
-
19 048
-
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.

1 659
-
2 585
-
total
17 312
-
29 105
-
Employer

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

35 311
-
54 990
-
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.

2 171
-
3 382
-
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.

3 129
-
4 872
-
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.

459
-
715
-
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.

515
-
803
-
surtax
4 004
-
6 235
-
total
10 278
-
16 007
-
Corporate
25 411
71 000
-
-
income
5 082
14 200
-
-
surtax
101
284
-
-
total
5 183
14 484
-
-
Dividends
20 227
56 516
-
-
withholding

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

5 889
16 775
-
-
total
5 889
16 775
-
-
Income
71 000
71 000
71 000
71 000
Total tax
38 662
31 259
45 112
39 807
After tax
32 338
39 741
25 888
31 193
Living cost
17 999
17 999
17 999
17 999
Free-cash
14 339
21 742
7 889
13 194

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29691
₴19909
₴22196
₴26028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
17 250
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
30 976
Employee
24 573
-
56 413
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
15 771
-
total
6 745
-
18 677
-
Employer
24 573
-
56 413
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
38 595
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.

5 789
10 650
-
-
total
5 789
10 650
-
-
Dividends
32 806
60 350
-
-
withholding
6 777
12 831
-
-
total
6 777
12 831
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 144
23 481
33 263
30 976
After tax
43 856
47 519
37 737
40 024
Living cost
17 828
17 828
17 828
17 828
Free-cash
26 028
29 691
19 909
22 196

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
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.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15553
₴12892
₴10063
₴10105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
4 487
accident
-
-
-
599
income
-
-
-
9 874
surtax
-
-
-
3 520
health
-
-
-
4 988
pensions
-
-
-
10 642
total
-
-
-
34 110
Employee
37 383
-
63 421
-
pensions
2 990
-
5 074
-
surtax
2 291
-
3 887
-
income
3 611
-
11 918
-
health
1 664
-
2 823
-
total
10 556
-
23 702
-
Employer
37 383
-
63 421
-
health
1 140
-
1 934
-
pensions
2 990
-
5 074
-
accident
336
-
571
-
total
4 466
-
7 579
-
Corporate
29 150
71 000
-
-
communal
1 967
4 793
-
-
income
4 373
10 650
-
-
surtax
306
746
-
-
total
6 646
16 189
-
-
Dividends
22 503
54 811
-
-
income
9 025
4 210
-
-
withholding
3 375
8 221
-
-
total
12 400
12 431
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 068
28 620
31 281
34 110
After tax
36 932
42 380
39 719
36 890
Living cost
26 827
26 827
26 827
26 827
Free-cash
10 105
15 553
12 892
10 063

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33571
₴20765
₴22605
₴32003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 932
other
-
-
-
-
surtax
-
-
-
2 409
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
37 307
Employee
16 624
-
58 653
-
other
-
-
-
-
unemployment
1 157
-
4 083
-
pensions
1 109
-
3 912
-
surtax
59
-
2 119
-
income
2 787
-
15 191
-
health
424
-
1 495
-
total
5 536
-
26 800
-
Employer
16 624
-
58 653
-
health
756
-
2 669
-
pensions
2 216
-
7 818
-
unemployment
527
-
1 860
-
other
-
-
-
-
total
3 499
-
12 347
-
Corporate
50 876
71 000
-
-
income
13 227
18 460
-
-
total
13 227
18 460
-
-
Dividends
37 648
52 540
-
-
withholding
5 647
7 881
-
-
total
5 647
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 909
26 341
39 147
37 307
After tax
43 091
44 659
31 853
33 693
Living cost
11 088
11 088
11 088
11 088
Free-cash
32 003
33 571
20 765
22 605

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24021
₴17994
₴21319
₴22925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 261
regional
-
-
-
1 070
municipal
-
-
-
422
national
-
-
-
16 630
total
-
-
-
36 383
Employee
27 383
-
71 000
-
municipal
145
-
377
-
national
4 338
-
14 435
-
regional
369
-
955
-
social contributions
9 234
-
23 941
-
total
14 086
-
39 708
-
Employer
27 383
-
71 000
-
total
-
-
-
-
Corporate
43 617
71 000
-
-
municipal
2 168
3 529
-
-
nationa
10 468
17 040
-
-
total
12 636
20 569
-
-
Dividends
30 981
50 431
-
-
withholding
8 055
13 112
-
-
total
8 055
13 112
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 777
33 681
39 708
36 383
After tax
36 223
37 319
31 292
34 617
Living cost
13 298
13 298
13 298
13 298
Free-cash
22 925
24 021
17 994
21 319

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33768
₴20914
₴22083
₴28374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 564
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
9 585
total
-
-
-
33 801
Employee
22 230
-
52 985
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 444
-
income
2 668
-
6 358
-
health
3 001
-
7 153
-
total
7 114
-
16 955
-
Employer
22 230
-
52 985
-
health
2 001
-
4 769
-
social contributions
5 558
-
13 246
-
total
7 559
-
18 015
-
Corporate
41 212
71 000
-
-
income
7 830
13 490
-
-
total
7 830
13 490
-
-
Dividends
33 382
57 510
-
-
withholding
5 007
8 626
-
-
total
5 007
8 626
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 510
22 116
34 970
33 801
After tax
43 490
48 884
36 030
37 199
Living cost
15 116
15 116
15 116
15 116
Free-cash
28 374
33 768
20 914
22 083

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23740
₴3024
₴20546
₴23497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 313
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
284
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
34 705
Employee
21 579
19 673
55 133
-
other
215
197
552
-
unemployment
647
590
1 654
-
pensions
2 210
2 014
5 646
-
income
1 922
1 451
13 060
-
health
835
762
2 134
-
total
5 829
5 014
23 046
-
Employer
21 579
19 673
55 133
-
chamber of commerce
86
79
220
-
health
816
744
2 084
-
pensions
2 708
2 469
6 919
-
accident
280
256
717
-
unemployment
647
590
1 654
-
surtax
-
-
-
-
payroll
647
590
1 654
-
other
1 025
934
2 618
-
total
6 209
5 662
15 866
-
Corporate
43 211
45 665
53 259
-
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.

10 803
11 417
13 315
-
total
10 803
11 417
13 315
-
Dividends
32 408
34 249
-
-
withholding
8 913
9 418
-
-
total
8 913
9 418
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 754
31 511
52 227
34 705
After tax
39 246
39 489
18 773
36 295
Living cost
15 749
15 749
15 749
15 749
Free-cash
23 497
23 740
3 024
20 546

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61224
₴50574
₴64064
₴60056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
71 000
-
income
1 557
-
14 200
-
total
1 557
-
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%.

63 218
71 000
-
-
total
-
-
-
-
Dividends
63 218
71 000
-
-
withholding
3 161
3 550
-
-
total
3 161
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 718
3 550
14 200
710
After tax
66 282
67 450
56 800
70 290
Living cost
6 226
6 226
6 226
6 226
Free-cash
60 056
61 224
50 574
64 064

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35642
₴20365
₴22245
₴31512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 454
unemployment
-
-
-
107
health
-
-
-
6 987
pensions
-
-
-
12 966
total
-
-
-
35 514
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.

21 829
-
61 434
-
unemployment
31
-
86
-
pensions
3 384
-
9 522
-
income
3 764
-
14 251
-
health
1 410
-
3 969
-
total
8 589
-
27 828
-
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.

21 829
-
61 434
-
health
1 454
-
4 092
-
pensions
1 932
-
5 437
-
unemployment
13
-
37
-
total
3 399
-
9 566
-
Corporate
45 772
71 000
-
-
income
8 697
13 490
-
-
total
8 697
13 490
-
-
Dividends
37 075
57 510
-
-
withholding
5 562
8 627
-
-
total
5 562
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 247
22 117
37 394
35 514
After tax
44 753
48 883
33 606
35 486
Living cost
13 241
13 241
13 241
13 241
Free-cash
31 512
35 642
20 365
22 245

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21598
₴42817
₴27469
-₴3633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 839
social contributions
-
-
-
8 094
total
-
-
-
21 933
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
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
53 035
27 804
6 585
21 933
After tax
17 965
43 196
64 415
49 067
Living cost
21 598
21 598
21 598
21 598
Free-cash
-3 633
21 598
42 817
27 469

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24901
₴18180
₴23089
₴24404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 755
surtax
-
-
-
-
social contributions

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

-
-
-
24 672
total
-
-
-
32 427
Employee
22 704
-
57 373
-
surtax
-
-
-
-
social contributions
2 497
-
6 311
-
income
4 722
-
17 398
-
total
7 219
-
23 709
-
Employer
22 704
-
57 373
-
social contributions
5 392
-
13 627
-
total
5 392
-
13 627
-
Corporate
42 904
71 000
-
-
income
9 010
14 910
-
-
surtax
-
-
-
-
total
9 010
14 910
-
-
Dividends
33 894
56 090
-
-
withholding
9 491
15 705
-
-
total
9 491
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 112
30 615
37 336
32 427
After tax
39 888
40 385
33 664
38 573
Living cost
15 484
15 484
15 484
15 484
Free-cash
24 404
24 901
18 180
23 089

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11942
₴16961
₴16427
₴15334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 822
other
-
-
-
2 201
surtax
-
-
-
-
social contributions
-
-
-
2 023
health
-
-
-
2 504
pensions
-
-
-
14 180
total
-
-
-
30 730
Employee
30 918
-
55 906
-
pensions
3 497
-
3 490
-
surtax
-
-
-
-
social contributions
881
-
1 593
-
income
2 698
-
10 020
-
total
7 076
-
15 103
-
Employer
30 918
-
55 906
-
health
2 164
-
4 702
-
pensions
5 080
-
5 947
-
unemployment
1 252
-
2 264
-
social contributions
93
-
168
-
other
1 067
-
2 012
-
total
9 656
-
15 093
-
Corporate
30 426
71 000
-
-
income
8 519
19 880
-
-
surtax
-
-
-
-
total
8 519
19 880
-
-
Dividends
21 906
51 120
-
-
surtax
-
-
-
-
social contributions
3 768
8 793
-
-
withholding
2 804
6 543
-
-
total
6 572
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 823
35 216
30 196
30 730
After tax
39 177
35 784
40 804
40 270
Living cost
23 842
23 842
23 842
23 842
Free-cash
15 334
11 942
16 961
16 427

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49061
₴39888
₴38000
₴47403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 541
social contributions
-
-
-
15 620
total
-
-
-
18 161
Employee
15 870
-
61 472
-
income
-
-
2 749
-
social contributions
1 031
-
3 996
-
total
1 031
-
6 745
-
Employer
15 870
-
61 472
-
social contributions
2 460
-
9 528
-
total
2 460
-
9 528
-
Corporate
52 670
71 000
-
-
income
5 267
7 100
-
-
total
5 267
7 100
-
-
Dividends
47 403
63 900
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
8 758
7 100
16 273
18 161
After tax
62 242
63 900
54 727
52 839
Living cost
14 839
14 839
14 839
14 839
Free-cash
47 403
49 061
39 888
38 000

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴36505
-₴36505
₴19030
-₴36505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
5 646
municipal
-
-
-
14 317
national
-
-
-
7 816
pensions
-
-
-
428
total
-
-
-
28 207
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
83 742
83 742
83 742
28 207
After tax
-12 742
-12 742
-12 742
42 793
Living cost
23 763
23 763
23 763
23 763
Free-cash
-36 505
-36 505
-36 505
19 030

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5081
₴27136
₴37766
₴4089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
18 922
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
22 402
Employee
17 040
-
62 902
-
pensions
1 919
-
3 813
-
income
2 338
-
13 920
-
health
1 951
-
7 202
-
total
6 208
-
24 935
-
Employer
17 040
-
62 902
-
pensions
2 771
-
5 506
-
accident
285
-
1 050
-
unemployment
418
-
1 541
-
total
3 474
-
8 097
-
Corporate
50 487
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.

45 438
63 900
-
-
total
45 438
63 900
-
-
Dividends
5 049
7 100
-
-
withholding
959
1 349
-
-
total
959
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
56 079
65 249
33 032
22 402
After tax
14 921
5 751
37 968
48 598
Living cost
10 832
10 832
10 832
10 832
Free-cash
4 089
-5 081
27 136
37 766

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26529
₴19306
₴29043
₴27313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
887
municipal
-
-
-
12 620
national
-
-
-
9 498
total
-
-
-
23 005
Employee
25 972
-
59 730
-
municipal
4 254
-
9 736
-
unemployment
390
-
896
-
pensions
1 753
-
4 032
-
national
429
-
6 093
-
health
194
-
714
-
total
7 020
-
21 471
-
Employer
25 972
-
59 730
-
health
200
-
460
-
pensions
4 506
-
10 363
-
accident
26
-
60
-
unemployment
169
-
388
-
total
4 901
-
11 271
-
Corporate
40 128
71 000
-
-
income
8 025
14 200
-
-
total
8 025
14 200
-
-
Dividends

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

24 077
42 600
-
-
municipal
4 334
7 668
-
-
national
455
3 651
-
-
total
4 789
11 319
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 735
25 519
32 742
23 005
After tax
46 265
45 481
38 258
47 995
Living cost
18 952
18 952
18 952
18 952
Free-cash
27 313
26 529
19 306
29 043

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴40418
₴37231
₴37898
₴37732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 875
social contributions
-
-
-
7 987
health
-
-
-
1 811
total
-
-
-
21 673
Employee
37 959
37 959
65 539
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
11 516
-
health
294
645
1 114
-
total
5 862
7 309
16 879
-
Employer
37 959
37 959
65 539
-
health
319
703
1 212
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 461
-
Corporate
51 954
29 188
-
-
income
6 494
3 649
-
-
total
6 494
3 649
-
-
Dividends
45 460
25 539
-
-
withholding
7 729
4 342
-
-
total
7 729
4 342
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 839
19 153
22 340
21 673
After tax
49 161
51 847
48 660
49 327
Living cost
11 429
11 429
11 429
11 429
Free-cash
37 732
40 418
37 231
37 898

Estimated living cost  is ₴11429 per week

₴6850
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.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50957
₴41229
₴51130
₴48445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 092
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
12 032
Employee

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

11 331
-
66 176
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
5 868
-
health
963
-
3 981
-
total
3 493
-
17 109
-
Employer

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

11 331
-
66 176
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
58 503
71 000
-
-
income
5 266
6 390
-
-
total
5 266
6 390
-
-
Dividends
53 237
64 610
-
-
withholding
4 792
5 815
-
-
total
4 792
5 815
-
-
Income
71 000
71 000
71 000
71 000
Total tax
14 717
12 205
21 933
12 032
After tax
56 283
58 795
49 067
58 968
Living cost
7 838
7 838
7 838
7 838
Free-cash
48 445
50 957
41 229
51 130

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33944
₴24162
₴26449
₴31625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
17 250
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
30 976
Employee
18 253
-
56 413
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
15 771
-
total
4 678
-
18 677
-
Employer
18 253
-
56 413
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
46 928
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.

7 039
10 650
-
-
total
7 039
10 650
-
-
Dividends
39 889
60 350
-
-
withholding
8 264
12 831
-
-
total
8 264
12 831
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 800
23 481
33 263
30 976
After tax
45 200
47 519
37 737
40 024
Living cost
13 575
13 575
13 575
13 575
Free-cash
31 625
33 944
24 162
26 449

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43343
₴44556
₴44625
₴43186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
24 205
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
25 414
Employee
1 464
-
70 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
24 168
-
health
73
-
175
-
total
503
-
24 694
-
Employer
1 464
-
70 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
69 206
71 000
-
-
income
15 225
15 620
-
-
total
15 225
15 620
-
-
Dividends
53 981
55 380
-
-
withholding
10 796
11 076
-
-
total
10 796
11 076
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 853
26 696
25 483
25 414
After tax
44 147
44 304
45 517
45 586
Living cost
961
961
961
961
Free-cash
43 186
43 343
44 556
44 625

Estimated living cost  is ₴961 per week

₴571
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42761
₴32984
₴32985
₴40332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 688
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
29 478
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.

12 873
-
64 470
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
15 688
-
health
663
-
1 879
-
total
4 336
-
22 948
-
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.

12 873
-
64 470
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
55 823
71 000
-
-
income
8 373
10 650
-
-
total
8 373
10 650
-
-
Dividends
47 449
60 350
-
-
withholding
7 117
9 052
-
-
total
7 117
9 052
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 131
19 702
29 479
29 478
After tax
48 869
51 298
41 521
41 522
Living cost
8 537
8 537
8 537
8 537
Free-cash
40 332
42 761
32 984
32 985

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27077
₴20356
₴25265
₴26898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 755
surtax
-
-
-
-
social contributions

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

-
-
-
24 672
total
-
-
-
32 427
Employee
19 160
-
57 373
-
surtax
-
-
-
-
social contributions
2 108
-
6 311
-
income
3 744
-
17 398
-
total
5 852
-
23 709
-
Employer
19 160
-
57 373
-
social contributions
4 550
-
13 627
-
total
4 550
-
13 627
-
Corporate
47 290
71 000
-
-
income
9 931
14 910
-
-
surtax
-
-
-
-
total
9 931
14 910
-
-
Dividends
37 360
56 090
-
-
withholding
10 461
15 705
-
-
total
10 461
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 794
30 615
37 336
32 427
After tax
40 206
40 385
33 664
38 573
Living cost
13 308
13 308
13 308
13 308
Free-cash
26 898
27 077
20 356
25 265

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30170
₴20388
₴22675
₴26676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
17 250
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
30 976
Employee
23 841
-
56 413
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
15 771
-
total
6 491
-
18 677
-
Employer
23 841
-
56 413
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
39 558
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.

5 934
10 650
-
-
total
5 934
10 650
-
-
Dividends
33 624
60 350
-
-
withholding
6 949
12 831
-
-
total
6 949
12 831
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 975
23 481
33 263
30 976
After tax
44 025
47 519
37 737
40 024
Living cost
17 349
17 349
17 349
17 349
Free-cash
26 676
30 170
20 388
22 675

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52201
₴49847
₴47236
₴49187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 650
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
15 260
Employee
11 260
-
67 612
-
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.

989
-
1 516
-
income
1 126
-
6 761
-
health
518
-
794
-
total
2 757
-
9 261
-
Employer
11 260
-
67 612
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
57 531
71 000
-
-
income
5 753
7 100
-
-
total
5 753
7 100
-
-
Dividends
51 778
63 900
-
-
withholding
2 589
3 195
-
-
total
2 589
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 309
10 295
12 649
15 260
After tax
57 691
60 705
58 351
55 740
Living cost
8 504
8 504
8 504
8 504
Free-cash
49 187
52 201
49 847
47 236

Estimated living cost  is ₴8504 per week

₴5624
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.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17509
₴27283
₴20388
₴23966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
20 177
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.

-
-
-
1 110
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.

-
-
-
3 372
trade
-
-
-
6 895
total
-
-
-
31 554
Employee

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

24 562
-
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.

111
-
1 110
-
income

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

2 020
-
20 177
-
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.

3 372
-
3 372
-
total
5 503
-
24 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 438
71 000
-
-
income
6 966
10 650
-
-
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.

383
585
-
-
chamber of commerce
143
179
-
-
trade
6 664
10 189
-
-
total
14 156
21 603
-
-
Dividends
32 281
49 397
-
-
surtax

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

434
669
-
-
withholding
7 883
12 161
-
-
total
8 317
12 830
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 976
34 433
24 659
31 554
After tax
43 024
36 567
46 341
39 446
Living cost
19 058
19 058
19 058
19 058
Free-cash
23 966
17 509
27 283
20 388

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21580
₴11164
₴11164
₴22670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 240
social contributions
-
-
-
11 476
total
-
-
-
31 716
Employee
38 614
-
71 000
-
income
7 286
-
20 240
-
social contributions
3 208
-
11 476
-
total
10 494
-
31 716
-
Employer
38 614
-
71 000
-
total
-
-
-
-
Corporate
32 386
71 000
-
-
income
4 048
8 875
-
-
total
4 048
8 875
-
-
Dividends
28 338
62 125
-
-
withholding
5 668
12 425
-
-
total
5 668
12 425
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 210
21 300
31 716
31 716
After tax
50 790
49 700
39 284
39 284
Living cost
28 120
28 120
28 120
28 120
Free-cash
22 670
21 580
11 164
11 164

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25622
₴33535
₴36045
₴27347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
68 729
-
income
2 457
-
15 003
-
social contributions
2 269
-
2 271
-
total
4 726
-
17 274
-
Employer
22 646
-
68 729
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
46 085
71 000
-
-
income
16 130
24 850
-
-
total
16 130
24 850
-
-
Dividends
29 956
46 150
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 733
27 458
19 545
17 035
After tax
45 267
43 542
51 455
53 965
Living cost
17 920
17 920
17 920
17 920
Free-cash
27 347
25 622
33 535
36 045

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29913
₴23504
₴30015
₴32203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 653
pensions
-
-
-
4 106
total
-
-
-
22 759
Employee
25 018
-
62 166
-
pensions
1 909
-
5 163
-
income
4 556
-
14 312
-
health
326
-
961
-
total
6 791
-
20 436
-
Employer
25 018
-
62 166
-
health
475
-
1 181
-
pensions
2 528
-
7 653
-
total
3 003
-
8 834
-
Corporate
42 979
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.

8 166
13 490
-
-
total
8 166
13 490
-
-
Dividends
34 813
57 510
-
-
withholding
2 611
9 371
-
-
total
2 611
9 371
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 571
22 861
29 270
22 759
After tax
50 429
48 139
41 730
48 241
Living cost
18 226
18 226
18 226
18 226
Free-cash
32 203
29 913
23 504
30 015

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
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.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6154
₴26063
₴36693
₴3924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
18 922
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
22 402
Employee
18 727
-
62 902
-
pensions
2 109
-
3 813
-
income
2 569
-
13 920
-
health
2 144
-
7 202
-
total
6 822
-
24 935
-
Employer
18 727
-
62 902
-
pensions
3 045
-
5 506
-
accident
313
-
1 050
-
unemployment
459
-
1 541
-
total
3 817
-
8 097
-
Corporate
48 457
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.

43 611
63 900
-
-
total
43 611
63 900
-
-
Dividends
4 846
7 100
-
-
withholding
921
1 349
-
-
total
921
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 171
65 249
33 032
22 402
After tax
15 829
5 751
37 968
48 598
Living cost
11 905
11 905
11 905
11 905
Free-cash
3 924
-6 154
26 063
36 693

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴53077
₴42007
₴33340
₴50766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 465
unemployment
-
-
-
852
work injury
-
-
-
355
health insurance
-
-
-
5 254
pensions
-
-
-
13 064
total
-
-
-
30 990
Employee

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

10 671
-
71 000
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
11 465
-
total
4 002
-
22 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 329
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
59 725
70 290
-
-
withholding
8 959
10 543
-
-
total
8 959
10 543
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 564
11 253
22 323
30 990
After tax
57 436
59 747
48 677
40 010
Living cost
6 670
6 670
6 670
6 670
Free-cash
50 766
53 077
42 007
33 340

Estimated living cost  is ₴6670 per week

₴4132
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.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17733
₴11141
₴14359
₴15486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 261
regional
-
-
-
1 609
municipal
-
-
-
475
national
-
-
-
16 630
total
-
-
-
36 975
Employee
41 598
-
71 000
-
municipal
248
-
423
-
national
7 030
-
14 435
-
regional
628
-
1 394
-
social contributions
14 027
-
23 941
-
total
21 933
-
40 193
-
Employer
41 598
-
71 000
-
total
-
-
-
-
Corporate
29 402
71 000
-
-
municipal
1 417
3 422
-
-
nationa
7 057
17 040
-
-
total
8 474
20 462
-
-
Dividends
20 928
50 538
-
-
withholding
5 441
13 139
-
-
total
5 441
13 139
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 848
33 601
40 193
36 975
After tax
35 152
37 399
30 807
34 025
Living cost
19 666
19 666
19 666
19 666
Free-cash
15 486
17 733
11 141
14 359

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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