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
₴31041
₴20253
₴23628
₴25948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
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.

-
-
-
19 766
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.

-
-
-
1 087
trade
-
-
-
7 413
total
-
-
-
31 782
Employee

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

19 686
-
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.

30
-
1 087
-
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.

550
-
19 766
-
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.

3 516
-
3 516
-
total
4 096
-
24 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 314
71 000
-
-
chamber of commerce
151
180
-
-
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.

423
586
-
-
trade
8 081
11 183
-
-
income
7 697
10 650
-
-
total
16 352
22 599
-
-
Dividends
34 961
48 401
-
-
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.

470
654
-
-
withholding
8 544
11 904
-
-
total
9 014
12 558
-
-
Income
71 000
71 000
71 000
71 000
Total tax
29 462
35 157
24 369
31 782
After tax
41 538
35 843
46 631
39 218
Living cost
15 590
15 590
15 590
15 590
Free-cash
25 948
20 253
31 041
23 628

Estimated living cost  is ₴15590 per week

₴9806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1818
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15612
₴17044
₴15055
₴16591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 520
national
-
-
-
11 792
municipal
-
-
-
7 610
total
-
-
-
28 685
Employee
42 259
-
61 379
-
municipal
5 220
-
7 885
-
national
8 088
-
12 218
-
pensions
1 690
-
2 455
-
total
14 998
-
22 558
-
Employer
42 259
-
61 379
-
pensions
3 381
-
4 910
-
social contributions
454
-
660
-
total
3 835
-
5 570
-
Corporate
22 117
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%.

4 423
14 200
-
-
total
4 423
14 200
-
-
Dividends
17 694
56 800
-
-
withholding
3 893
12 496
-
-
total
3 893
12 496
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 149
26 696
28 128
28 685
After tax
43 851
44 304
42 872
42 315
Living cost
27 260
27 260
27 260
27 260
Free-cash
16 591
17 044
15 612
15 055

Estimated living cost  is ₴27260 per week

₴18529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2534
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29088
₴46092
₴11259
₴41869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 720
income
-
-
-
11 208
surtax
-
-
-
18 105
microenterprise
-
-
-
-
total
-
-
-
49 033
Employee
15 040
-
57 216
-
surtax
-
-
-
-
social contributions

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

1 655
-
6 294
-
income
2 677
-
11 126
-
total
4 332
-
17 420
-
Employer
15 040
-
57 216
-
surtax
-
-
-
-
social contributions

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

3 623
-
13 784
-
total
3 623
-
13 784
-
Corporate
52 338
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%.

10 468
14 200
-
-
total
10 468
14 200
-
-
Dividends

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

41 870
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
18 423
14 200
31 204
49 033
After tax
52 577
56 800
39 796
21 967
Living cost
10 708
10 708
10 708
10 708
Free-cash
41 869
46 092
29 088
11 259

Estimated living cost  is ₴10708 per week

₴6831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20303
₴13299
₴19006
₴10145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
6 347
income
-
-
-
18 056
pensions
-
-
-
6 030
total
-
-
-
30 433
Employee
43 953
43 953
61 435
-
income

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

7 194
7 194
7 194
-
pensions
7 912
6 030
6 030
-
health
6 746
5 738
6 347
-
total
21 852
18 962
19 571
-
Employer
43 953
43 953
61 435
-
unemployment
1 582
1 582
1 966
-
health
3 055
3 055
3 797
-
pensions
3 059
3 059
3 802
-
total
7 696
7 696
9 565
-
Corporate
19 890
19 350
-
-
income
3 978
3 870
-
-
total
3 978
3 870
-
-
Dividends
15 911
15 481
-
-
income
3 381
3 290
-
-
withholding
2 387
2 322
-
-
total
5 768
5 612
-
-
Income
71 000
71 000
71 000
71 000
Total tax
39 294
36 140
29 136
30 433
After tax
31 706
34 860
41 864
40 567
Living cost
21 561
21 561
21 561
21 561
Free-cash
10 145
13 299
20 303
19 006

Estimated living cost  is ₴21561 per week

₴15280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴15665
₴17339
₴16243
₴16857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 457
health
-
-
-
2 930
accident
-
-
-
94
pensions
-
-
-
5 076
national
-
-
-
2 611
unemployment
-
-
-
47
municipal
-
-
-
17 115
total
-
-
-
33 330
Employee
30 532
-
56 245
-
municipal
9 105
-
16 772
-
national
-
-
2 381
-
total
9 105
-
19 153
-
Employer
30 532
-
56 245
-
other
3 548
-
5 457
-
unemployment
806
-
1 240
-
health
1 878
-
2 888
-
accident
61
-
94
-
pensions
3 300
-
5 076
-
total
9 593
-
14 755
-
Corporate
30 875
71 000
-
-
income
6 793
15 620
-
-
total
6 793
15 620
-
-
Dividends
24 083
55 380
-
-
withholding
7 225
16 614
-
-
total
7 225
16 614
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 716
32 234
33 908
33 330
After tax
38 284
38 766
37 092
37 670
Living cost
21 427
21 427
21 427
21 427
Free-cash
16 857
17 339
15 665
16 243

Estimated living cost  is ₴21427 per week

₴14201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26412
₴15258
₴18669
₴22490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
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.

-
-
-
19 766
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.

-
-
-
1 087
trade
-
-
-
7 743
total
-
-
-
32 112
Employee

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

26 101
-
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.

123
-
1 087
-
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.

2 243
-
19 766
-
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.

3 516
-
3 516
-
total
5 882
-
24 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 899
71 000
-
-
chamber of commerce
142
179
-
-
surtax

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

370
586
-
-
trade
7 386
11 680
-
-
income
6 735
10 650
-
-
total
14 633
23 095
-
-
Dividends
30 266
47 905
-
-
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.

405
648
-
-
withholding
7 371
11 780
-
-
total
7 776
12 428
-
-
Income
71 000
71 000
71 000
71 000
Total tax
28 291
35 523
24 369
32 112
After tax
42 709
35 477
46 631
38 888
Living cost
20 219
20 219
20 219
20 219
Free-cash
22 490
15 258
26 412
18 669

Estimated living cost  is ₴20219 per week

₴13523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
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.
₴4262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32142
₴35164
₴32818
₴33030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
8 328
health
-
-
-
1 811
income
-
-
-
11 349
total
-
-
-
21 488
Employee
39 578
39 578
65 360
-
social contributions
1 923
3 285
4 430
-
income
4 156
3 664
10 983
-
health
394
673
1 112
-
total
6 473
7 622
16 525
-
Employer
39 578
39 578
65 360
-
health
429
733
1 209
-
social contributions
1 923
3 285
4 430
-
total
2 352
4 018
5 639
-
Corporate
45 481
27 405
-
-
income
5 686
3 425
-
-
total
5 686
3 425
-
-
Dividends
39 796
23 980
-
-
withholding
6 765
4 077
-
-
total
6 765
4 077
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 276
19 142
22 164
21 488
After tax
49 724
51 858
48 836
49 512
Living cost
16 694
16 694
16 694
16 694
Free-cash
33 030
35 164
32 142
32 818

Estimated living cost  is ₴16694 per week

₴11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31645
₴30414
₴39670
₴30611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

13 736
5 467
59 414
-
income
1 679
668
7 263
-
pensions
1 374
547
5 941
-
health
962
383
4 159
-
unemployment
206
82
891
-
total
4 221
1 680
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.

13 736
5 467
59 414
-
pensions
2 678
1 066
11 586
-
total
2 678
1 066
11 586
-
Corporate
54 586
64 467
-
-
income
4 913
5 802
-
-
total
4 913
5 802
-
-
Dividends
49 673
58 665
-
-
social contributions
9 624
11 377
-
-
withholding
9 438
11 146
-
-
total
19 062
22 523
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 874
31 071
29 840
21 815
After tax
40 126
39 929
41 160
49 185
Living cost
9 515
9 515
9 515
9 515
Free-cash
30 611
30 414
31 645
39 670

Estimated living cost  is ₴9515 per week

₴6493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴190
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28491
₴44368
₴25624
₴41171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
9 230
income
-
-
-
9 513
pensions
-
-
-
14 201
total
-
-
-
32 944
Employee
14 601
-
53 063
-
income
1 644
-
10 230
-
pensions
292
-
1 062
-
unemployment
233
-
849
-
total
2 169
-
12 141
-
Employer
14 601
-
53 063
-
unemployment
117
-
425
-
health
1 898
-
6 899
-
pensions
2 920
-
10 612
-
total
4 935
-
17 936
-
Corporate
51 463
71 000
-
-
income
10 293
14 200
-
-
total
10 293
14 200
-
-
Dividends
41 171
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
17 397
14 200
30 077
32 944
After tax
53 603
56 800
40 923
38 056
Living cost
12 432
12 432
12 432
12 432
Free-cash
41 171
44 368
28 491
25 624

Estimated living cost  is ₴12432 per week

₴8527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26448
-₴5653
₴37205
₴4002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
18 781
pensions
-
-
-
2 157
total
-
-
-
22 391
Employee
17 939
-
62 706
-
income
2 461
-
13 719
-
pensions
2 020
-
3 955
-
health
2 054
-
7 180
-
total
6 535
-
24 854
-
Employer
17 939
-
62 706
-
unemployment
439
-
1 536
-
accident
299
-
1 047
-
pensions
2 917
-
5 711
-
total
3 655
-
8 294
-
Corporate
49 405
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.

44 465
63 900
-
-
total
44 465
63 900
-
-
Dividends
4 940
7 100
-
-
withholding
939
1 349
-
-
total
939
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 594
65 249
33 148
22 391
After tax
15 406
5 751
37 852
48 609
Living cost
11 404
11 404
11 404
11 404
Free-cash
4 002
-5 653
26 448
37 205

Estimated living cost  is ₴11404 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
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.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52535
₴63185
₴66025
₴62385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
71 000
microenterprise

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

-
-
-
710
total
-
-
-
710
Employee
5 331
-
71 000
-
income
1 066
-
14 200
-
total
1 066
-
14 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

65 669
71 000
-
-
total
-
-
-
-
Dividends
65 669
71 000
-
-
withholding
3 284
3 550
-
-
total
3 284
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 350
3 550
14 200
710
After tax
66 650
67 450
56 800
70 290
Living cost
4 265
4 265
4 265
4 265
Free-cash
62 385
63 185
52 535
66 025

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26999
₴38449
₴24061
₴34972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 373
health
-
-
-
3 124
income
-
-
-
9 688
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
-
-
-
33 224
Employee
18 688
-
56 709
-
income
3 217
-
10 667
-
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.

1 308
-
3 969
-
health
262
-
794
-
unemployment
187
-
567
-
total
4 974
-
15 997
-
Employer
18 688
-
56 709
-
other
935
-
2 835
-
unemployment
187
-
567
-
health
262
-
794
-
accident
149
-
453
-
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.

3 177
-
9 640
-
total
4 710
-
14 289
-
Corporate
47 602
71 000
-
-
income
9 997
14 910
-
-
total
9 997
14 910
-
-
Dividends
37 605
56 090
-
-
withholding
2 632
3 926
-
-
total
2 632
3 926
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 313
18 836
30 286
33 224
After tax
48 687
52 164
40 714
37 776
Living cost
13 715
13 715
13 715
13 715
Free-cash
34 972
38 449
26 999
24 061

Estimated living cost  is ₴13715 per week

₴9690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴7711
₴14270
₴14246
₴11868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 241
pensions
-
-
-
4 226
total
-
-
-
22 467
Employee
48 511
-
62 201
-
income
8 745
-
13 886
-
health
799
-
977
-
pensions
4 680
-
5 340
-
total
14 224
-
20 203
-
Employer
48 511
-
62 201
-
health
921
-
1 182
-
pensions
5 728
-
7 617
-
total
6 649
-
8 799
-
Corporate
15 840
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.

3 010
13 490
-
-
total
3 010
13 490
-
-
Dividends
12 830
57 510
-
-
withholding
962
8 953
-
-
total
962
8 953
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 845
22 443
29 002
22 467
After tax
46 155
48 557
41 998
48 533
Living cost
34 287
34 287
34 287
34 287
Free-cash
11 868
14 270
7 711
14 246

Estimated living cost  is ₴34287 per week

₴25692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4028
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.
₴4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51502
₴54026
₴48921
₴51662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
2 046
income
-
-
-
10 650
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
15 400
Employee
8 843
-
67 509
-
income
884
-
6 751
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
9 327
-
Employer
8 843
-
67 509
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
60 421
71 000
-
-
income
6 042
7 100
-
-
total
6 042
7 100
-
-
Dividends
54 379
63 900
-
-
withholding
2 719
3 195
-
-
total
2 719
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
12 660
10 295
12 819
15 400
After tax
58 340
60 705
58 181
55 600
Living cost
6 679
6 679
6 679
6 679
Free-cash
51 662
54 026
51 502
48 921

Estimated living cost  is ₴6679 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13323
₴6319
₴12026
₴7613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
6 347
income
-
-
-
18 056
pensions
-
-
-
6 030
total
-
-
-
30 433
Employee
47 719
43 953
61 435
-
income

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

7 194
7 194
7 194
-
pensions
6 030
6 030
6 030
-
health
5 953
5 738
6 347
-
total
19 177
18 962
19 571
-
Employer
47 719
43 953
61 435
-
unemployment
1 718
1 582
1 966
-
health
3 316
3 055
3 797
-
pensions
3 321
3 059
3 802
-
total
8 355
7 696
9 565
-
Corporate
14 926
19 350
-
-
income
2 985
3 870
-
-
total
2 985
3 870
-
-
Dividends
11 941
15 481
-
-
income
2 538
3 290
-
-
withholding
1 791
2 322
-
-
total
4 329
5 612
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 846
36 140
29 136
30 433
After tax
36 154
34 860
41 864
40 567
Living cost
28 541
28 541
28 541
28 541
Free-cash
7 613
6 319
13 323
12 026

Estimated living cost  is ₴28541 per week

₴21053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2549
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.
₴4611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23316
₴36169
₴23938
₴31634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 295
health
-
-
-
9 585
income
-
-
-
6 468
solidarity contribution
-
-
-
-
total
-
-
-
34 348
Employee
18 697
-
52 985
-
social contributions
1 215
-
3 444
-
solidarity contribution
-
-
-
-
income
2 244
-
6 358
-
health
2 524
-
7 153
-
total
5 983
-
16 955
-
Employer
18 697
-
52 985
-
health
1 683
-
4 769
-
social contributions
4 674
-
13 246
-
total
6 357
-
18 015
-
Corporate
45 946
71 000
-
-
income
8 730
13 490
-
-
total
8 730
13 490
-
-
Dividends
37 216
57 510
-
-
withholding
5 582
8 627
-
-
total
5 582
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 652
22 117
34 970
34 348
After tax
44 348
48 883
36 030
36 652
Living cost
12 714
12 714
12 714
12 714
Free-cash
31 634
36 169
23 316
23 938

Estimated living cost  is ₴12714 per week

₴8831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9956
₴16163
₴13336
₴13475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
16 446
regional
-
-
-
817
municipal
-
-
-
422
total
-
-
-
35 946
Employee
45 743
-
71 000
-
social contributions
15 425
-
23 942
-
municipal
242
-
376
-
national
7 926
-
14 288
-
regional
432
-
720
-
total
24 025
-
39 326
-
Employer
45 743
-
71 000
-
total
-
-
-
-
Corporate
25 257
71 000
-
-
nationa
6 062
17 040
-
-
municipal
985
2 769
-
-
total
7 047
19 809
-
-
Dividends
18 211
51 191
-
-
withholding
4 735
13 310
-
-
total
4 735
13 310
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 807
33 119
39 326
35 946
After tax
35 193
37 881
31 674
35 054
Living cost
21 718
21 718
21 718
21 718
Free-cash
13 475
16 163
9 956
13 336

Estimated living cost  is ₴21718 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20858
₴33301
₴22331
₴31698
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 877
income
-
-
-
16 293
pensions
-
-
-
13 739
surtax
-
-
-
2 285
unemployment
-
-
-
117
total
-
-
-
37 311
Employee
17 021
-
58 653
-
surtax
56
-
2 052
-
income
2 853
-
14 895
-
other
-
-
-
-
pensions
1 135
-
3 912
-
health
435
-
1 495
-
unemployment
1 185
-
4 083
-
total
5 664
-
26 437
-
Employer
17 021
-
58 653
-
other
-
-
-
-
unemployment
539
-
1 860
-
health
775
-
2 668
-
pensions
2 269
-
7 819
-
total
3 583
-
12 347
-
Corporate
50 397
71 000
-
-
income
13 103
18 460
-
-
total
13 103
18 460
-
-
Dividends
37 294
52 540
-
-
withholding
5 594
7 881
-
-
total
5 594
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 944
26 341
38 784
37 311
After tax
43 056
44 659
32 216
33 689
Living cost
11 358
11 358
11 358
11 358
Free-cash
31 698
33 301
20 858
22 331

Estimated living cost  is ₴11358 per week

₴6945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1048
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.
₴3103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18574
₴25133
₴25109
₴25740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 241
pensions
-
-
-
4 226
total
-
-
-
22 467
Employee
32 510
-
62 201
-
income
5 855
-
13 886
-
health
472
-
977
-
pensions
2 759
-
5 340
-
total
9 086
-
20 203
-
Employer
32 510
-
62 201
-
health
618
-
1 182
-
pensions
3 519
-
7 617
-
total
4 137
-
8 799
-
Corporate
34 353
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.

6 527
13 490
-
-
total
6 527
13 490
-
-
Dividends
27 826
57 510
-
-
withholding
2 086
8 953
-
-
total
2 086
8 953
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 836
22 443
29 002
22 467
After tax
49 164
48 557
41 998
48 533
Living cost
23 424
23 424
23 424
23 424
Free-cash
25 740
25 133
18 574
25 109

Estimated living cost  is ₴23424 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1756
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.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13463
-₴9065
₴16941
₴8704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
160
pensions
-
-
-
6 532
city
-
-
-
749
national
-
-
-
741
regional
-
-
-
2 926
total
-
-
-
12 528
Employee
48 602
-
63 549
-
national
230
-
581
-
city
522
-
683
-
pensions
4 083
-
5 338
-
health
110
-
143
-
regional
1 591
-
2 509
-
unemployment
-
-
-
-
total
6 536
-
9 254
-
Employer
48 602
-
63 549
-
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.

972
-
1 271
-
unemployment
-
-
-
-
health
110
-
143
-
pensions
4 083
-
5 338
-
total
5 165
-
6 752
-
Corporate
16 699
71 000
-
-
regional
3 532
15 017
-
-
national
1 420
6 035
-
-
total
4 952
21 052
-
-
Dividends
11 747
49 948
-
-
withholding
4 112
17 482
-
-
total
4 112
17 482
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 765
38 534
16 006
12 528
After tax
50 235
32 466
54 994
58 472
Living cost
41 531
41 531
41 531
41 531
Free-cash
8 704
-9 065
13 463
16 941

Estimated living cost  is ₴41531 per week

₴27007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23053
₴11534
₴14980
₴19881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
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.

-
-
-
19 766
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.

-
-
-
1 087
trade
-
-
-
8 073
total
-
-
-
32 442
Employee

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

30 932
-
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.

200
-
1 087
-
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.

3 637
-
19 766
-
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.

3 516
-
3 516
-
total
7 353
-
24 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 068
71 000
-
-
chamber of commerce
135
178
-
-
surtax

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

330
586
-
-
trade
6 871
12 177
-
-
income
6 010
10 650
-
-
total
13 346
23 591
-
-
Dividends
26 722
47 409
-
-
surtax

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

357
641
-
-
withholding
6 485
11 656
-
-
total
6 842
12 297
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 541
35 888
24 369
32 442
After tax
43 459
35 112
46 631
38 558
Living cost
23 578
23 578
23 578
23 578
Free-cash
19 881
11 534
23 053
14 980

Estimated living cost  is ₴23578 per week

₴17221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23611
₴18175
₴22720
₴21214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 201
social contributions
-
-
-
2 023
health
-
-
-
2 388
income
-
-
-
9 525
pensions
-
-
-
14 534
surtax
-
-
-
-
total
-
-
-
30 671
Employee
22 028
-
56 114
-
surtax
-
-
-
-
social contributions
628
-
1 599
-
income
1 300
-
9 875
-
pensions
2 491
-
3 419
-
total
4 419
-
14 893
-
Employer
22 028
-
56 114
-
other
760
-
1 983
-
unemployment
892
-
2 273
-
health
1 542
-
4 621
-
pensions
3 619
-
5 842
-
social contributions
66
-
168
-
total
6 879
-
14 887
-
Corporate
42 093
71 000
-
-
surtax
-
-
-
-
income
11 786
19 880
-
-
total
11 786
19 880
-
-
Dividends
30 306
51 120
-
-
social contributions
5 213
8 793
-
-
surtax
-
-
-
-
withholding
3 880
6 543
-
-
total
9 093
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 177
35 216
29 780
30 671
After tax
38 823
35 784
41 220
40 329
Living cost
17 609
17 609
17 609
17 609
Free-cash
21 214
18 175
23 611
22 720

Estimated living cost  is ₴17609 per week

₴11103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25355
₴19919
₴24464
₴22776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 201
social contributions
-
-
-
2 023
health
-
-
-
2 388
income
-
-
-
9 525
pensions
-
-
-
14 534
surtax
-
-
-
-
total
-
-
-
30 671
Employee
19 663
-
56 114
-
surtax
-
-
-
-
social contributions
561
-
1 599
-
income
1 014
-
9 875
-
pensions
2 224
-
3 419
-
total
3 799
-
14 893
-
Employer
19 663
-
56 114
-
other
679
-
1 983
-
unemployment
796
-
2 273
-
health
1 376
-
4 621
-
pensions
3 231
-
5 842
-
social contributions
59
-
168
-
total
6 141
-
14 887
-
Corporate
45 196
71 000
-
-
surtax
-
-
-
-
income
12 655
19 880
-
-
total
12 655
19 880
-
-
Dividends
32 541
51 120
-
-
social contributions
5 598
8 793
-
-
surtax
-
-
-
-
withholding
4 166
6 543
-
-
total
9 764
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 359
35 216
29 780
30 671
After tax
38 641
35 784
41 220
40 329
Living cost
15 865
15 865
15 865
15 865
Free-cash
22 776
19 919
25 355
24 464

Estimated living cost  is ₴15865 per week

₴9201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33796
₴32403
₴34682
₴32669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 798
health
-
-
-
4 956
income
-
-
-
10 650
total
-
-
-
25 404
Employee
17 451
-
71 000
-
social contributions
2 409
-
9 798
-
income
2 911
-
11 536
-
health
1 218
-
4 956
-
total
6 538
-
26 290
-
Employer
17 451
-
71 000
-
total
-
-
-
-
Corporate
53 549
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%.

2 677
3 550
-
-
total
2 677
3 550
-
-
Dividends
50 872
67 450
-
-
social contributions
7 021
9 308
-
-
withholding
7 631
10 117
-
-
health
3 550
4 708
-
-
total
18 202
24 133
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 417
27 683
26 290
25 404
After tax
43 583
43 317
44 710
45 596
Living cost
10 914
10 914
10 914
10 914
Free-cash
32 669
32 403
33 796
34 682

Estimated living cost  is ₴10914 per week

₴7304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴673
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.
₴2685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴889
₴21336
₴17861
₴20538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
4 599
income
-
-
-
15 737
chamber of commerce
-
-
-
284
pensions
-
-
-
11 124
surtax
-
-
-
102
unemployment
-
-
-
3 157
total
-
-
-
35 003
Employee
25 722
20 511
55 054
-
income
2 928
1 513
12 782
-
other
257
205
551
-
pensions
2 634
2 100
5 638
-
health
995
794
2 130
-
unemployment
772
615
1 652
-
total
7 586
5 227
22 753
-
Employer
25 722
20 511
55 054
-
other
1 222
974
2 615
-
unemployment
772
615
1 652
-
health
972
776
2 081
-
surtax
102
102
102
-
accident
334
267
716
-
pensions
3 228
2 575
6 909
-
payroll
772
615
1 652
-
chamber of commerce
103
82
220
-
total
7 505
6 006
15 947
-
Corporate
37 775
44 484
53 100
-
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.

9 444
11 121
13 275
-
total
9 444
11 121
13 275
-
Dividends
28 331
33 363
-
-
withholding
7 791
9 174
-
-
total
7 791
9 174
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 326
31 528
51 975
35 003
After tax
38 674
39 472
19 025
35 997
Living cost
18 136
18 136
18 136
18 136
Free-cash
20 538
21 336
889
17 861

Estimated living cost  is ₴18136 per week

₴12096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7329
₴20982
₴12613
₴13264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
11 184
communal

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

-
-
-
3 589
national
-
-
-
24 848
total
-
-
-
39 621
Employee

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

36 816
-
54 992
-
national
11 319
-
18 842
-
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.

2 761
-
4 125
-
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.

1 730
-
2 584
-
communal

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

1 920
-
2 869
-
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.

320
-
479
-
total
18 050
-
28 899
-
Employer

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

36 816
-
54 992
-
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.

537
-
803
-
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.

2 264
-
3 381
-
surtax
4 175
-
6 235
-
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.

479
-
715
-
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.

3 262
-
4 872
-
total
10 717
-
16 006
-
Corporate
23 467
71 000
-
-
surtax
94
284
-
-
income
4 693
14 200
-
-
total
4 787
14 484
-
-
Dividends
18 680
56 516
-
-
withholding

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

5 416
16 768
-
-
total
5 416
16 768
-
-
Income
71 000
71 000
71 000
71 000
Total tax
38 970
31 252
44 905
39 621
After tax
32 030
39 748
26 095
31 379
Living cost
18 766
18 766
18 766
18 766
Free-cash
13 264
20 982
7 329
12 613

Estimated living cost  is ₴18766 per week

₴12088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
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.
₴4744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18850
₴28976
₴21324
₴25105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
16 776
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
31 088
Employee
25 620
-
55 791
-
income
5 406
-
15 323
-
other
25
-
48
-
pensions
1 204
-
2 243
-
unemployment
398
-
739
-
total
7 033
-
18 353
-
Employer
25 620
-
55 791
-
other
204
-
382
-
unemployment
1 409
-
2 624
-
accident
507
-
944
-
pensions
6 046
-
11 259
-
total
8 166
-
15 209
-
Corporate
37 213
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.

5 582
10 650
-
-
total
5 582
10 650
-
-
Dividends
31 631
60 350
-
-
withholding
6 526
12 786
-
-
total
6 526
12 786
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 307
23 436
33 562
31 088
After tax
43 693
47 564
37 438
39 912
Living cost
18 588
18 588
18 588
18 588
Free-cash
25 105
28 976
18 850
21 324

Estimated living cost  is ₴18588 per week

₴13688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12165
₴14563
₴9335
₴9084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
4 987
accident
-
-
-
599
income
-
-
-
9 459
pensions
-
-
-
10 642
communal
-
-
-
4 487
surtax
-
-
-
3 520
total
-
-
-
33 694
Employee
38 977
-
63 422
-
surtax
2 389
-
3 886
-
income
3 765
-
11 504
-
pensions
3 118
-
5 074
-
health
1 735
-
2 822
-
total
11 007
-
23 286
-
Employer
38 977
-
63 422
-
health
1 189
-
1 934
-
accident
351
-
570
-
pensions
3 118
-
5 074
-
total
4 658
-
7 578
-
Corporate
27 365
71 000
-
-
surtax
287
745
-
-
income
4 105
10 650
-
-
communal
1 847
4 793
-
-
total
6 239
16 188
-
-
Dividends
21 126
54 812
-
-
income
8 872
4 056
-
-
withholding
3 169
8 222
-
-
total
12 041
12 278
-
-
Income
71 000
71 000
71 000
71 000
Total tax
33 945
28 466
30 864
33 694
After tax
37 055
42 534
40 136
37 306
Living cost
27 971
27 971
27 971
27 971
Free-cash
9 084
14 563
12 165
9 335

Estimated living cost  is ₴27971 per week

₴20982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20655
₴33098
₴22128
₴31462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 877
income
-
-
-
16 293
pensions
-
-
-
13 739
surtax
-
-
-
2 285
unemployment
-
-
-
117
total
-
-
-
37 311
Employee
17 333
-
58 653
-
surtax
62
-
2 052
-
income
2 906
-
14 895
-
other
-
-
-
-
pensions
1 156
-
3 912
-
health
442
-
1 495
-
unemployment
1 206
-
4 083
-
total
5 772
-
26 437
-
Employer
17 333
-
58 653
-
other
-
-
-
-
unemployment
550
-
1 860
-
health
788
-
2 668
-
pensions
2 311
-
7 819
-
total
3 649
-
12 347
-
Corporate
50 018
71 000
-
-
income
13 004
18 460
-
-
total
13 004
18 460
-
-
Dividends
37 014
52 540
-
-
withholding
5 552
7 881
-
-
total
5 552
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 977
26 341
38 784
37 311
After tax
43 023
44 659
32 216
33 689
Living cost
11 561
11 561
11 561
11 561
Free-cash
31 462
33 098
20 655
22 128

Estimated living cost  is ₴11561 per week

₴6980
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.
₴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.
₴3308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17573
₴23454
₴20935
₴22313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
16 446
regional
-
-
-
1 071
municipal
-
-
-
422
total
-
-
-
36 200
Employee
28 551
-
71 000
-
social contributions
9 628
-
23 942
-
municipal
151
-
376
-
national
4 523
-
14 288
-
regional
384
-
956
-
total
14 686
-
39 562
-
Employer
28 551
-
71 000
-
total
-
-
-
-
Corporate
42 449
71 000
-
-
nationa
10 187
17 040
-
-
municipal
2 110
3 529
-
-
total
12 297
20 569
-
-
Dividends
30 152
50 431
-
-
withholding
7 839
13 112
-
-
total
7 839
13 112
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 822
33 681
39 562
36 200
After tax
36 178
37 319
31 438
34 800
Living cost
13 865
13 865
13 865
13 865
Free-cash
22 313
23 454
17 573
20 935

Estimated living cost  is ₴13865 per week

₴8623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20363
₴33216
₴20985
₴27627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 295
health
-
-
-
9 585
income
-
-
-
6 468
solidarity contribution
-
-
-
-
total
-
-
-
34 348
Employee
23 040
-
52 985
-
social contributions
1 498
-
3 444
-
solidarity contribution
-
-
-
-
income
2 765
-
6 358
-
health
3 110
-
7 153
-
total
7 373
-
16 955
-
Employer
23 040
-
52 985
-
health
2 074
-
4 769
-
social contributions
5 760
-
13 246
-
total
7 834
-
18 015
-
Corporate
40 127
71 000
-
-
income
7 624
13 490
-
-
total
7 624
13 490
-
-
Dividends
32 503
57 510
-
-
withholding
4 875
8 627
-
-
total
4 875
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 706
22 117
34 970
34 348
After tax
43 294
48 883
36 030
36 652
Living cost
15 667
15 667
15 667
15 667
Free-cash
27 627
33 216
20 363
20 985

Estimated living cost  is ₴15667 per week

₴11651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴2622
₴23106
₴19678
₴22850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
4 599
income
-
-
-
15 737
chamber of commerce
-
-
-
284
pensions
-
-
-
11 124
surtax
-
-
-
-
unemployment
-
-
-
3 157
total
-
-
-
34 901
Employee
22 499
20 511
55 133
-
income
2 004
1 513
12 810
-
other
225
205
551
-
pensions
2 304
2 100
5 646
-
health
870
794
2 133
-
unemployment
675
615
1 654
-
total
6 078
5 227
22 794
-
Employer
22 499
20 511
55 133
-
other
1 069
974
2 619
-
unemployment
675
615
1 654
-
health
851
776
2 084
-
surtax
-
-
-
-
accident
292
267
717
-
pensions
2 824
2 575
6 919
-
payroll
675
615
1 654
-
chamber of commerce
90
82
221
-
total
6 476
5 904
15 868
-
Corporate
42 026
44 585
53 180
-
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.

10 507
11 146
13 295
-
total
10 507
11 146
13 295
-
Dividends
31 520
33 439
-
-
withholding
8 668
9 196
-
-
total
8 668
9 196
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 729
31 473
51 957
34 901
After tax
39 271
39 527
19 043
36 099
Living cost
16 421
16 421
16 421
16 421
Free-cash
22 850
23 106
2 622
19 678

Estimated living cost  is ₴16421 per week

₴9850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50154
₴60804
₴63644
₴59557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 308
-
71 000
-
income
1 662
-
14 200
-
total
1 662
-
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%.

62 692
71 000
-
-
total
-
-
-
-
Dividends
62 692
71 000
-
-
withholding
3 135
3 550
-
-
total
3 135
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 797
3 550
14 200
710
After tax
66 203
67 450
56 800
70 290
Living cost
6 646
6 646
6 646
6 646
Free-cash
59 557
60 804
50 154
63 644

Estimated living cost  is ₴6646 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19990
₴35079
₴21870
₴30772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 987
income
-
-
-
15 266
pensions
-
-
-
12 966
unemployment
-
-
-
106
total
-
-
-
35 325
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.

22 760
-
61 434
-
income
3 925
-
14 064
-
pensions
3 528
-
9 522
-
health
1 470
-
3 968
-
unemployment
32
-
86
-
total
8 955
-
27 640
-
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.

22 760
-
61 434
-
unemployment
14
-
37
-
health
1 516
-
4 092
-
pensions
2 014
-
5 436
-
total
3 544
-
9 565
-
Corporate
44 696
71 000
-
-
income
8 493
13 490
-
-
total
8 493
13 490
-
-
Dividends
36 204
57 510
-
-
withholding
5 431
8 626
-
-
total
5 431
8 626
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 423
22 116
37 205
35 325
After tax
44 577
48 884
33 795
35 675
Living cost
13 805
13 805
13 805
13 805
Free-cash
30 772
35 079
19 990
21 870

Estimated living cost  is ₴13805 per week

₴9474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40672
₴19954
₴25825
-₴9315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
8 094
income
-
-
-
13 839
total
-
-
-
21 933
Employee
33 325
-
-
-
social contributions
2 733
-
389
-
income
7 351
-
-
-
total
10 084
-
389
-
Employer
33 325
-
-
-
social contributions
46 989
-
6 697
-
total
46 989
-
6 697
-
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
57 073
27 804
7 086
21 933
After tax
13 927
43 196
63 914
49 067
Living cost
23 242
23 242
23 242
23 242
Free-cash
-9 315
19 954
40 672
25 825

Estimated living cost  is ₴23242 per week

₴15080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17758
₴24241
₴22548
₴23723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
24 672
income
-
-
-
7 636
surtax
-
-
-
-
total
-
-
-
32 308
Employee
23 672
-
57 374
-
surtax
-
-
-
-
social contributions
2 604
-
6 311
-
income
4 924
-
17 161
-
total
7 528
-
23 472
-
Employer
23 672
-
57 374
-
social contributions
5 622
-
13 626
-
total
5 622
-
13 626
-
Corporate
41 706
71 000
-
-
surtax
-
-
-
-
income
8 758
14 910
-
-
total
8 758
14 910
-
-
Dividends
32 948
56 090
-
-
withholding
9 225
15 705
-
-
total
9 225
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 133
30 615
37 098
32 308
After tax
39 867
40 385
33 902
38 692
Living cost
16 144
16 144
16 144
16 144
Free-cash
23 723
24 241
17 758
22 548

Estimated living cost  is ₴16144 per week

₴12079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16361
₴10925
₴15470
₴14463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 201
social contributions
-
-
-
2 023
health
-
-
-
2 388
income
-
-
-
9 525
pensions
-
-
-
14 534
surtax
-
-
-
-
total
-
-
-
30 671
Employee
32 236
-
56 114
-
surtax
-
-
-
-
social contributions
918
-
1 599
-
income
2 813
-
9 875
-
pensions
3 646
-
3 419
-
total
7 377
-
14 893
-
Employer
32 236
-
56 114
-
other
1 112
-
1 983
-
unemployment
1 306
-
2 273
-
health
2 256
-
4 621
-
pensions
5 297
-
5 842
-
social contributions
97
-
168
-
total
10 068
-
14 887
-
Corporate
28 695
71 000
-
-
surtax
-
-
-
-
income
8 035
19 880
-
-
total
8 035
19 880
-
-
Dividends
20 661
51 120
-
-
social contributions
3 553
8 793
-
-
surtax
-
-
-
-
withholding
2 645
6 543
-
-
total
6 198
15 336
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 678
35 216
29 780
30 671
After tax
39 322
35 784
41 220
40 329
Living cost
24 859
24 859
24 859
24 859
Free-cash
14 463
10 925
16 361
15 470

Estimated living cost  is ₴24859 per week

₴16824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39382
₴48428
₴37495
₴46700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 413
social contributions
-
-
-
15 620
total
-
-
-
18 033
Employee
16 547
-
61 471
-
income
-
-
2 622
-
social contributions
1 075
-
3 996
-
total
1 075
-
6 618
-
Employer
16 547
-
61 471
-
social contributions
2 565
-
9 528
-
total
2 565
-
9 528
-
Corporate
51 888
71 000
-
-
income
5 188
7 100
-
-
total
5 188
7 100
-
-
Dividends
46 700
63 900
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
8 828
7 100
16 146
18 033
After tax
62 172
63 900
54 854
52 967
Living cost
15 472
15 472
15 472
15 472
Free-cash
46 700
48 428
39 382
37 495

Estimated living cost  is ₴15472 per week

₴10004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40957
-₴40957
₴18256
-₴40957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 644
pensions
-
-
-
445
national
-
-
-
7 698
municipal
-
-
-
14 210
total
-
-
-
27 997
Employee
104 453
104 453
104 453
-
labour market
8 344
8 344
8 344
-
municipal
22 243
22 243
22 243
-
national
12 761
12 761
12 761
-
pensions
148
148
148
-
total
43 496
43 496
43 496
-
Employer
104 453
104 453
104 453
-
national
12 783
12 783
12 783
-
labour market
8 356
8 356
8 356
-
pensions
297
297
297
-
municipal
22 278
22 278
22 278
-
total
43 714
43 714
43 714
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
87 210
87 210
87 210
27 997
After tax
-16 210
-16 210
-16 210
43 003
Living cost
24 747
24 747
24 747
24 747
Free-cash
-40 957
-40 957
-40 957
18 256

Estimated living cost  is ₴24747 per week

₴16937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26616
-₴5485
₴37373
₴4027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
18 781
pensions
-
-
-
2 157
total
-
-
-
22 391
Employee
17 674
-
62 706
-
income
2 425
-
13 719
-
pensions
1 990
-
3 955
-
health
2 024
-
7 180
-
total
6 439
-
24 854
-
Employer
17 674
-
62 706
-
unemployment
433
-
1 536
-
accident
295
-
1 047
-
pensions
2 874
-
5 711
-
total
3 602
-
8 294
-
Corporate
49 724
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.

44 751
63 900
-
-
total
44 751
63 900
-
-
Dividends
4 972
7 100
-
-
withholding
945
1 349
-
-
total
945
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 737
65 249
33 148
22 391
After tax
15 263
5 751
37 852
48 609
Living cost
11 236
11 236
11 236
11 236
Free-cash
4 027
-5 485
26 616
37 373

Estimated living cost  is ₴11236 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18734
₴25951
₴28470
₴26493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
879
national
-
-
-
9 269
municipal
-
-
-
12 621
total
-
-
-
22 769
Employee
27 079
-
59 729
-
municipal
4 435
-
9 737
-
national
447
-
5 864
-
pensions
1 827
-
4 032
-
health
202
-
705
-
unemployment
406
-
896
-
total
7 317
-
21 234
-
Employer
27 079
-
59 729
-
unemployment
176
-
388
-
health
208
-
460
-
accident
27
-
60
-
pensions
4 698
-
10 363
-
total
5 109
-
11 271
-
Corporate
38 812
71 000
-
-
income
7 762
14 200
-
-
total
7 762
14 200
-
-
Dividends

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

23 287
42 600
-
-
national
366
3 420
-
-
municipal
4 192
7 668
-
-
total
4 558
11 088
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 746
25 288
32 505
22 769
After tax
46 254
45 712
38 495
48 231
Living cost
19 761
19 761
19 761
19 761
Free-cash
26 493
25 951
18 734
28 470

Estimated living cost  is ₴19761 per week

₴12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36919
₴39941
₴37595
₴37141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
8 328
health
-
-
-
1 811
income
-
-
-
11 349
total
-
-
-
21 488
Employee
39 578
39 578
65 360
-
social contributions
1 496
3 285
4 430
-
income
4 309
3 664
10 983
-
health
307
673
1 112
-
total
6 112
7 622
16 525
-
Employer
39 578
39 578
65 360
-
health
333
733
1 209
-
social contributions
1 496
3 285
4 430
-
total
1 829
4 018
5 639
-
Corporate
51 142
27 405
-
-
income
6 393
3 425
-
-
total
6 393
3 425
-
-
Dividends
44 749
23 980
-
-
withholding
7 608
4 077
-
-
total
7 608
4 077
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 942
19 142
22 164
21 488
After tax
49 058
51 858
48 836
49 512
Living cost
11 917
11 917
11 917
11 917
Free-cash
37 141
39 941
36 919
37 595

Estimated living cost  is ₴11917 per week

₴7142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40293
₴50624
₴50614
₴48002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 863
income
-
-
-
7 062
pensions
-
-
-
3 274
unemployment
-
-
-
15
total
-
-
-
12 214
Employee

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

11 814
-
65 970
-
income
808
-
5 785
-
pensions
1 772
-
7 325
-
health
1 004
-
4 151
-
unemployment
59
-
244
-
total
3 643
-
17 505
-
Employer

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

11 814
-
65 970
-
unemployment
59
-
244
-
health
508
-
2 100
-
pensions
650
-
2 686
-
total
1 217
-
5 030
-
Corporate
57 970
71 000
-
-
income
5 218
6 390
-
-
total
5 218
6 390
-
-
Dividends
52 752
64 610
-
-
withholding
4 748
5 814
-
-
total
4 748
5 814
-
-
Income
71 000
71 000
71 000
71 000
Total tax
14 826
12 204
22 535
12 214
After tax
56 174
58 796
48 465
58 786
Living cost
8 172
8 172
8 172
8 172
Free-cash
48 002
50 624
40 293
50 614

Estimated living cost  is ₴8172 per week

₴5214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23284
₴33410
₴25758
₴30939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
16 776
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
31 088
Employee
19 031
-
55 791
-
income
3 669
-
15 323
-
other
19
-
48
-
pensions
895
-
2 243
-
unemployment
295
-
739
-
total
4 878
-
18 353
-
Employer
19 031
-
55 791
-
other
152
-
382
-
unemployment
1 047
-
2 624
-
accident
377
-
944
-
pensions
4 491
-
11 259
-
total
6 067
-
15 209
-
Corporate
45 901
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.

6 885
10 650
-
-
total
6 885
10 650
-
-
Dividends
39 016
60 350
-
-
withholding
8 077
12 786
-
-
total
8 077
12 786
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 907
23 436
33 562
31 088
After tax
45 093
47 564
37 438
39 912
Living cost
14 154
14 154
14 154
14 154
Free-cash
30 939
33 410
23 284
25 758

Estimated living cost  is ₴14154 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44567
₴43350
₴44635
₴43193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
505
income
-
-
-
24 210
pensions
-
-
-
696
total
-
-
-
25 411
Employee
1 454
-
70 217
-
income
281
-
24 173
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
24 695
-
Employer
1 454
-
70 217
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
69 219
71 000
-
-
income
15 228
15 620
-
-
total
15 228
15 620
-
-
Dividends
53 991
55 380
-
-
withholding
10 798
11 076
-
-
total
10 798
11 076
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 853
26 696
25 479
25 411
After tax
44 147
44 304
45 521
45 589
Living cost
954
954
954
954
Free-cash
43 193
43 350
44 567
44 635

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32164
₴42416
₴32167
₴39890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 909
income
-
-
-
15 605
pensions
-
-
-
9 868
unemployment
-
-
-
569
total
-
-
-
29 951
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.

13 393
-
64 206
-
income
1 846
-
15 605
-
pensions
1 875
-
5 314
-
health
690
-
1 955
-
unemployment
100
-
285
-
total
4 511
-
23 159
-
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.

13 393
-
64 206
-
unemployment
100
-
285
-
health
690
-
1 955
-
pensions
1 607
-
4 555
-
total
2 397
-
6 795
-
Corporate
55 210
71 000
-
-
income
8 281
10 650
-
-
total
8 281
10 650
-
-
Dividends
46 928
60 350
-
-
withholding
7 039
9 052
-
-
total
7 039
9 052
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 228
19 702
29 954
29 951
After tax
48 772
51 298
41 046
41 049
Living cost
8 882
8 882
8 882
8 882
Free-cash
39 890
42 416
32 164
32 167

Estimated living cost  is ₴8882 per week

₴5980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
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.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20026
₴26509
₴24816
₴26324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
24 672
income
-
-
-
7 636
surtax
-
-
-
-
total
-
-
-
32 308
Employee
19 976
-
57 374
-
surtax
-
-
-
-
social contributions
2 198
-
6 311
-
income
3 903
-
17 161
-
total
6 101
-
23 472
-
Employer
19 976
-
57 374
-
social contributions
4 744
-
13 626
-
total
4 744
-
13 626
-
Corporate
46 280
71 000
-
-
surtax
-
-
-
-
income
9 718
14 910
-
-
total
9 718
14 910
-
-
Dividends
36 561
56 090
-
-
withholding
10 237
15 705
-
-
total
10 237
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 800
30 615
37 098
32 308
After tax
40 200
40 385
33 902
38 692
Living cost
13 876
13 876
13 876
13 876
Free-cash
26 324
26 509
20 026
24 816

Estimated living cost  is ₴13876 per week

₴9828
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.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19349
₴29475
₴21823
₴25782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
16 776
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
31 088
Employee
24 857
-
55 791
-
income
5 192
-
15 323
-
other
24
-
48
-
pensions
1 168
-
2 243
-
unemployment
385
-
739
-
total
6 769
-
18 353
-
Employer
24 857
-
55 791
-
other
199
-
382
-
unemployment
1 367
-
2 624
-
accident
492
-
944
-
pensions
5 866
-
11 259
-
total
7 924
-
15 209
-
Corporate
38 217
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.

5 732
10 650
-
-
total
5 732
10 650
-
-
Dividends
32 485
60 350
-
-
withholding
6 704
12 786
-
-
total
6 704
12 786
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 129
23 436
33 562
31 088
After tax
43 871
47 564
37 438
39 912
Living cost
18 089
18 089
18 089
18 089
Free-cash
25 782
29 475
19 349
21 823

Estimated living cost  is ₴18089 per week

₴12991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49419
₴51943
₴46838
₴48836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
health
-
-
-
2 046
income
-
-
-
10 650
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
15 400
Employee
11 603
-
67 509
-
income
1 160
-
6 751
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
9 327
-
Employer
11 603
-
67 509
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
57 121
71 000
-
-
income
5 712
7 100
-
-
total
5 712
7 100
-
-
Dividends
51 409
63 900
-
-
withholding
2 571
3 195
-
-
total
2 571
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 402
10 295
12 819
15 400
After tax
57 598
60 705
58 181
55 600
Living cost
8 762
8 762
8 762
8 762
Free-cash
48 836
51 943
49 419
46 838

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26760
₴16702
₴20006
₴23434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
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.

-
-
-
19 766
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.

-
-
-
1 087
trade
-
-
-
6 754
total
-
-
-
31 123
Employee

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

25 609
-
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.

116
-
1 087
-
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.

2 106
-
19 766
-
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.

3 516
-
3 516
-
total
5 738
-
24 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 391
71 000
-
-
chamber of commerce
145
183
-
-
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.

374
586
-
-
trade
6 514
10 188
-
-
income
6 809
10 650
-
-
total
13 842
21 607
-
-
Dividends
31 549
49 393
-
-
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.

423
668
-
-
withholding
7 692
12 152
-
-
total
8 115
12 820
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 695
34 427
24 369
31 123
After tax
43 305
36 573
46 631
39 877
Living cost
19 871
19 871
19 871
19 871
Free-cash
23 434
16 702
26 760
20 006

Estimated living cost  is ₴19871 per week

₴13707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2138
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.
₴3737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10398
₴20381
₴10398
₴21517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 893
social contributions
-
-
-
11 390
total
-
-
-
31 283
Employee
40 261
-
71 000
-
income
7 597
-
19 893
-
social contributions
3 345
-
11 390
-
total
10 942
-
31 283
-
Employer
40 261
-
71 000
-
total
-
-
-
-
Corporate
30 739
71 000
-
-
income
3 842
8 875
-
-
total
3 842
8 875
-
-
Dividends
26 897
62 125
-
-
withholding
5 380
12 425
-
-
total
5 380
12 425
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 164
21 300
31 283
31 283
After tax
50 836
49 700
39 717
39 717
Living cost
29 319
29 319
29 319
29 319
Free-cash
21 517
20 381
10 398
10 398

Estimated living cost  is ₴29319 per week

₴22306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32997
₴24747
₴34487
₴26544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 651
health

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

-
-
-
3 178
total
-
-
-
17 829
Employee
23 611
-
68 632
-
income
2 562
-
14 583
-
social contributions
2 366
-
2 368
-
total
4 928
-
16 951
-
Employer
23 611
-
68 632
-
social contributions
2 366
-
2 368
-
total
2 366
-
2 368
-
Corporate
45 023
71 000
-
-
income
15 759
24 850
-
-
total
15 759
24 850
-
-
Dividends
29 265
46 150
-
-
social contributions
2 719
2 719
-
-
total
2 719
2 719
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 772
27 569
19 319
17 829
After tax
45 228
43 431
51 681
53 171
Living cost
18 684
18 684
18 684
18 684
Free-cash
26 544
24 747
32 997
34 487

Estimated living cost  is ₴18684 per week

₴12307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22955
₴29514
₴29490
₴31261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 241
pensions
-
-
-
4 226
total
-
-
-
22 467
Employee
26 139
-
62 201
-
income
4 760
-
13 886
-
health
341
-
977
-
pensions
1 995
-
5 340
-
total
7 096
-
20 203
-
Employer
26 139
-
62 201
-
health
497
-
1 182
-
pensions
2 641
-
7 617
-
total
3 138
-
8 799
-
Corporate
41 724
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.

7 927
13 490
-
-
total
7 927
13 490
-
-
Dividends
33 796
57 510
-
-
withholding
2 535
8 953
-
-
total
2 535
8 953
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 696
22 443
29 002
22 467
After tax
50 304
48 557
41 998
48 533
Living cost
19 043
19 043
19 043
19 043
Free-cash
31 261
29 514
22 955
29 490

Estimated living cost  is ₴19043 per week

₴13063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1751
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.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25504
-₴6597
₴36261
₴3857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
18 781
pensions
-
-
-
2 157
total
-
-
-
22 391
Employee
19 424
-
62 706
-
income
2 665
-
13 719
-
pensions
2 187
-
3 955
-
health
2 224
-
7 180
-
total
7 076
-
24 854
-
Employer
19 424
-
62 706
-
unemployment
476
-
1 536
-
accident
324
-
1 047
-
pensions
3 158
-
5 711
-
total
3 958
-
8 294
-
Corporate
47 618
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.

42 856
63 900
-
-
total
42 856
63 900
-
-
Dividends
4 762
7 100
-
-
withholding
905
1 349
-
-
total
905
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
54 795
65 249
33 148
22 391
After tax
16 205
5 751
37 852
48 609
Living cost
12 348
12 348
12 348
12 348
Free-cash
3 857
-6 597
25 504
36 261

Estimated living cost  is ₴12348 per week

₴9062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41347
₴52804
₴33122
₴50399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 411
health insurance
-
-
-
5 254
work injury
-
-
-
355
pensions
-
-
-
13 064
unemployment
-
-
-
852
total
-
-
-
30 936
Employee

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

11 107
-
71 000
-
income
1 111
-
11 411
-
work injury
56
-
205
-
health insurance
822
-
3 041
-
pensions
2 044
-
7 561
-
unemployment
133
-
493
-
total
4 166
-
22 711
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 893
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%.

599
710
-
-
total
599
710
-
-
Dividends
59 294
70 290
-
-
withholding
8 894
10 544
-
-
total
8 894
10 544
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 659
11 254
22 711
30 936
After tax
57 341
59 746
48 289
40 064
Living cost
6 942
6 942
6 942
6 942
Free-cash
50 399
52 804
41 347
33 122

Estimated living cost  is ₴6942 per week

₴4301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10467
₴16894
₴13716
₴14553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
16 446
regional
-
-
-
1 598
municipal
-
-
-
475
total
-
-
-
36 780
Employee
43 371
-
71 000
-
social contributions
14 625
-
23 942
-
municipal
259
-
424
-
national
7 329
-
14 288
-
regional
655
-
1 375
-
total
22 868
-
40 029
-
Employer
43 371
-
71 000
-
total
-
-
-
-
Corporate
27 629
71 000
-
-
nationa
6 631
17 040
-
-
municipal
1 331
3 422
-
-
total
7 962
20 462
-
-
Dividends
19 666
50 537
-
-
withholding
5 113
13 140
-
-
total
5 113
13 140
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 943
33 602
40 029
36 780
After tax
35 057
37 398
30 971
34 220
Living cost
20 504
20 504
20 504
20 504
Free-cash
14 553
16 894
10 467
13 716

Estimated living cost  is ₴20504 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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