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
₴31364
₴20841
₴23807
₴26318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 109
trade
-
-
-
7 557
income

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

-
-
-
20 150
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.

-
-
-
3 382
total
-
-
-
32 198
Employee

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

18 935
-
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.

3 382
-
3 382
-
surtax

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

29
-
1 109
-
income

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

529
-
20 150
-
total
3 940
-
24 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 065
71 000
-
-
chamber of commerce
150
178
-
-
trade
8 200
11 183
-
-
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.

429
585
-
-
income
7 810
10 650
-
-
total
16 589
22 596
-
-
Dividends
35 475
48 404
-
-
withholding
8 681
11 913
-
-
surtax

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

477
655
-
-
total
9 158
12 568
-
-
Income
71 000
71 000
71 000
71 000
Total tax
29 687
35 164
24 641
32 198
After tax
41 313
35 836
46 359
38 802
Living cost
14 995
14 995
14 995
14 995
Free-cash
26 318
20 841
31 364
23 807

Estimated living cost  is ₴14995 per week

₴9432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16419
₴17905
₴15862
₴17465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
7 631
social contributions
-
-
-
763
national
-
-
-
11 825
pensions
-
-
-
8 520
total
-
-
-
28 739
Employee
40 923
-
61 379
-
pensions
1 637
-
2 455
-
national
7 833
-
12 251
-
municipal
5 055
-
7 906
-
total
14 525
-
22 612
-
Employer
40 923
-
61 379
-
pensions
3 274
-
4 910
-
social contributions
440
-
660
-
total
3 714
-
5 570
-
Corporate
23 662
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%.

4 732
14 200
-
-
total
4 732
14 200
-
-
Dividends
18 930
56 800
-
-
withholding
4 165
12 496
-
-
total
4 165
12 496
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 136
26 696
28 182
28 739
After tax
43 864
44 304
42 818
42 261
Living cost
26 399
26 399
26 399
26 399
Free-cash
17 465
17 905
16 419
15 862

Estimated living cost  is ₴26399 per week

₴17943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29474
₴46500
₴12224
₴42439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
surtax
-
-
-
18 105
social contributions

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

-
-
-
18 968
income
-
-
-
11 403
total
-
-
-
48 476
Employee
14 466
-
57 217
-
social contributions

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

1 591
-
6 294
-
surtax
-
-
-
-
income
2 575
-
11 149
-
total
4 166
-
17 443
-
Employer
14 466
-
57 217
-
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.

3 485
-
13 783
-
total
3 485
-
13 783
-
Corporate
53 049
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%.

10 610
14 200
-
-
total
10 610
14 200
-
-
Dividends

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

42 440
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
18 261
14 200
31 226
48 476
After tax
52 739
56 800
39 774
22 524
Living cost
10 300
10 300
10 300
10 300
Free-cash
42 439
46 500
29 474
12 224

Estimated living cost  is ₴10300 per week

₴6571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21862
₴14172
₴19586
₴11138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 770
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
30 675
Employee
42 277
42 277
61 800
-
health
6 489
5 519
6 105
-
pensions
7 610
5 800
5 800
-
income

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

6 920
6 920
7 294
-
total
21 019
18 239
19 199
-
Employer
42 277
42 277
61 800
-
unemployment
1 522
1 522
1 891
-
health
2 939
2 939
3 652
-
pensions
2 942
2 942
3 657
-
total
7 403
7 403
9 200
-
Corporate
21 839
21 320
-
-
income
4 368
4 264
-
-
total
4 368
4 264
-
-
Dividends
17 471
17 056
-
-
withholding
2 620
2 558
-
-
income
3 713
3 625
-
-
total
6 333
6 183
-
-
Income
71 000
71 000
71 000
71 000
Total tax
39 123
36 089
28 399
30 675
After tax
31 877
34 911
42 601
40 325
Living cost
20 739
20 739
20 739
20 739
Free-cash
11 138
14 172
21 862
19 586

Estimated living cost  is ₴20739 per week

₴14697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴16992
₴18764
₴17523
₴18315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
17 385
other
-
-
-
5 094
unemployment
-
-
-
44
national
-
-
-
3 390
pensions
-
-
-
4 739
accident
-
-
-
88
health
-
-
-
2 735
total
-
-
-
33 475
Employee
28 501
-
57 227
-
national
-
-
3 167
-
municipal
8 499
-
17 065
-
total
8 499
-
20 232
-
Employer
28 501
-
57 227
-
unemployment
752
-
1 157
-
accident
57
-
88
-
health
1 753
-
2 696
-
pensions
3 081
-
4 739
-
other
3 312
-
5 094
-
total
8 955
-
13 774
-
Corporate
33 545
71 000
-
-
income
7 380
15 620
-
-
total
7 380
15 620
-
-
Dividends
26 165
55 380
-
-
withholding
7 849
16 614
-
-
total
7 849
16 614
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 683
32 234
34 006
33 475
After tax
38 317
38 766
36 994
37 525
Living cost
20 002
20 002
20 002
20 002
Free-cash
18 315
18 764
16 992
17 523

Estimated living cost  is ₴20002 per week

₴13256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26911
₴16023
₴19017
₴22979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 109
trade
-
-
-
7 894
income

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

-
-
-
20 150
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.

-
-
-
3 382
total
-
-
-
32 535
Employee

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

25 106
-
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.

3 382
-
3 382
-
surtax

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

118
-
1 109
-
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.

2 157
-
20 150
-
total
5 657
-
24 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 894
71 000
-
-
chamber of commerce
140
176
-
-
trade
7 550
11 680
-
-
surtax

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

379
585
-
-
income
6 885
10 650
-
-
total
14 954
23 091
-
-
Dividends
30 941
47 909
-
-
withholding
7 547
11 790
-
-
surtax

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

415
648
-
-
total
7 962
12 438
-
-
Income
71 000
71 000
71 000
71 000
Total tax
28 573
35 529
24 641
32 535
After tax
42 427
35 471
46 359
38 465
Living cost
19 448
19 448
19 448
19 448
Free-cash
22 979
16 023
26 911
19 017

Estimated living cost  is ₴19448 per week

₴13007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32612
₴35791
₴33283
₴33736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 010
income
-
-
-
11 839
health
-
-
-
1 810
total
-
-
-
21 659
Employee
38 068
38 068
65 527
-
health
379
647
1 114
-
social contributions
1 850
3 159
4 262
-
income
3 998
3 524
11 480
-
total
6 227
7 330
16 856
-
Employer
38 068
38 068
65 527
-
health
412
705
1 212
-
social contributions
1 850
3 159
4 262
-
total
2 262
3 864
5 474
-
Corporate
46 454
29 068
-
-
income
5 807
3 633
-
-
total
5 807
3 633
-
-
Dividends
40 647
25 435
-
-
withholding
6 910
4 324
-
-
total
6 910
4 324
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 206
19 151
22 330
21 659
After tax
49 794
51 849
48 670
49 341
Living cost
16 058
16 058
16 058
16 058
Free-cash
33 736
35 791
32 612
33 283

Estimated living cost  is ₴16058 per week

₴10977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32295
₴31050
₴40320
₴31235
S + D Salary + Dividends

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

Dividends

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

Salary

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

12 797
5 093
59 414
-
health
896
357
4 159
-
pensions
1 280
509
5 941
-
unemployment
192
76
891
-
income
1 564
623
7 263
-
total
3 932
1 565
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.

12 797
5 093
59 414
-
pensions
2 495
993
11 586
-
total
2 495
993
11 586
-
Corporate
55 707
64 914
-
-
income
5 014
5 842
-
-
total
5 014
5 842
-
-
Dividends
50 694
59 072
-
-
withholding
9 632
11 224
-
-
social contributions
9 827
11 461
-
-
total
19 459
22 685
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 900
31 085
29 840
21 815
After tax
40 100
39 915
41 160
49 185
Living cost
8 865
8 865
8 865
8 865
Free-cash
31 235
31 050
32 295
40 320

Estimated living cost  is ₴8865 per week

₴6050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴725
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.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28964
₴44842
₴26098
₴41767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
income
-
-
-
9 514
pensions
-
-
-
14 200
health
-
-
-
9 230
total
-
-
-
32 944
Employee
14 044
-
53 064
-
unemployment
225
-
849
-
pensions
281
-
1 062
-
income
1 581
-
10 231
-
total
2 087
-
12 142
-
Employer
14 044
-
53 064
-
unemployment
113
-
425
-
health
1 825
-
6 899
-
pensions
2 809
-
10 612
-
total
4 747
-
17 936
-
Corporate
52 208
71 000
-
-
income
10 441
14 200
-
-
total
10 441
14 200
-
-
Dividends
41 767
56 800
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
17 275
14 200
30 078
32 944
After tax
53 725
56 800
40 922
38 056
Living cost
11 958
11 958
11 958
11 958
Free-cash
41 767
44 842
28 964
26 098

Estimated living cost  is ₴11958 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴26895
-₴5305
₴37543
₴4056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
18 901
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
22 401
Employee
17 391
-
62 873
-
health
1 991
-
7 199
-
pensions
1 958
-
3 834
-
income
2 386
-
13 890
-
total
6 335
-
24 923
-
Employer
17 391
-
62 873
-
unemployment
426
-
1 540
-
accident
290
-
1 050
-
pensions
2 828
-
5 536
-
total
3 544
-
8 126
-
Corporate
50 065
71 000
-
-
income

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

45 058
63 900
-
-
total
45 058
63 900
-
-
Dividends
5 006
7 100
-
-
withholding
951
1 349
-
-
total
951
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 888
65 249
33 049
22 401
After tax
15 112
5 751
37 951
48 599
Living cost
11 056
11 056
11 056
11 056
Free-cash
4 056
-5 305
26 895
37 543

Estimated living cost  is ₴11056 per week

₴8103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52790
₴63440
₴66280
₴62689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
71 000
-
income
1 002
-
14 200
-
total
1 002
-
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%.

65 988
71 000
-
-
total
-
-
-
-
Dividends
65 988
71 000
-
-
withholding
3 299
3 550
-
-
total
3 299
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 301
3 550
14 200
710
After tax
66 699
67 450
56 800
70 290
Living cost
4 010
4 010
4 010
4 010
Free-cash
62 689
63 440
52 790
66 280

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27437
₴38972
₴24501
₴35629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 771
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
health
-
-
-
3 124
total
-
-
-
33 307
Employee
17 975
-
56 709
-
health
252
-
794
-
pensions

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

1 258
-
3 969
-
unemployment
179
-
567
-
income
3 095
-
10 750
-
total
4 784
-
16 080
-
Employer
17 975
-
56 709
-
unemployment
179
-
567
-
accident
144
-
454
-
health
252
-
794
-
pensions

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

3 056
-
9 641
-
other
899
-
2 835
-
total
4 530
-
14 291
-
Corporate
48 494
71 000
-
-
income
10 184
14 910
-
-
total
10 184
14 910
-
-
Dividends
38 310
56 090
-
-
withholding
2 681
3 926
-
-
total
2 681
3 926
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 179
18 836
30 371
33 307
After tax
48 821
52 164
40 629
37 693
Living cost
13 192
13 192
13 192
13 192
Free-cash
35 629
38 972
27 437
24 501

Estimated living cost  is ₴13192 per week

₴9321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8490
₴14952
₴15008
₴13015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 508
pensions
-
-
-
4 149
total
-
-
-
22 657
Employee
47 165
-
62 179
-
health
777
-
967
-
pensions
4 550
-
5 225
-
income
8 502
-
14 162
-
total
13 829
-
20 354
-
Employer
47 165
-
62 179
-
health
896
-
1 181
-
pensions
5 569
-
7 640
-
total
6 465
-
8 821
-
Corporate
17 371
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.

3 301
13 490
-
-
total
3 301
13 490
-
-
Dividends
14 070
57 510
-
-
withholding
1 055
9 223
-
-
total
1 055
9 223
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 650
22 713
29 175
22 657
After tax
46 350
48 287
41 825
48 343
Living cost
33 335
33 335
33 335
33 335
Free-cash
13 015
14 952
8 490
15 008

Estimated living cost  is ₴33335 per week

₴24979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3917
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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51847
₴54211
₴49237
₴51911
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
15 269
Employee
8 599
-
67 606
-
health
395
-
796
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

755
-
1 519
-
income
860
-
6 760
-
total
2 105
-
9 265
-
Employer
8 599
-
67 606
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 194
-
pensions

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

948
-
1 906
-
total
1 687
-
3 394
-
Corporate
60 714
71 000
-
-
income
6 071
7 100
-
-
total
6 071
7 100
-
-
Dividends
54 643
63 900
-
-
withholding
2 732
3 195
-
-
total
2 732
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
12 595
10 295
12 659
15 269
After tax
58 405
60 705
58 341
55 731
Living cost
6 494
6 494
6 494
6 494
Free-cash
51 911
54 211
51 847
49 237

Estimated living cost  is ₴6494 per week

₴3791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15149
₴7459
₴12873
₴8703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 770
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
30 675
Employee
45 899
42 277
61 800
-
health
5 726
5 519
6 105
-
pensions
5 800
5 800
5 800
-
income

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

6 920
6 920
7 294
-
total
18 446
18 239
19 199
-
Employer
45 899
42 277
61 800
-
unemployment
1 653
1 522
1 891
-
health
3 190
2 939
3 652
-
pensions
3 194
2 942
3 657
-
total
8 037
7 403
9 200
-
Corporate
17 065
21 320
-
-
income
3 413
4 264
-
-
total
3 413
4 264
-
-
Dividends
13 651
17 056
-
-
withholding
2 048
2 558
-
-
income
2 901
3 625
-
-
total
4 949
6 183
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 845
36 089
28 399
30 675
After tax
36 155
34 911
42 601
40 325
Living cost
27 452
27 452
27 452
27 452
Free-cash
8 703
7 459
15 149
12 873

Estimated living cost  is ₴27452 per week

₴20251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
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.
₴4435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23933
₴36786
₴25310
₴32471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
6 601
health
-
-
-
9 585
total
-
-
-
33 593
Employee
17 790
-
52 985
-
health
2 402
-
7 153
-
social contributions
1 156
-
3 444
-
solidarity contribution
-
-
-
-
income
2 135
-
6 358
-
total
5 693
-
16 955
-
Employer
17 790
-
52 985
-
health
1 601
-
4 769
-
social contributions
4 447
-
13 246
-
total
6 048
-
18 015
-
Corporate
47 162
71 000
-
-
income
8 961
13 490
-
-
total
8 961
13 490
-
-
Dividends
38 201
57 510
-
-
withholding
5 730
8 627
-
-
total
5 730
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 432
22 117
34 970
33 593
After tax
44 568
48 883
36 030
37 407
Living cost
12 097
12 097
12 097
12 097
Free-cash
32 471
36 786
23 933
25 310

Estimated living cost  is ₴12097 per week

₴8403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10644
₴16991
₴13990
₴14406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
422
social contributions
-
-
-
18 261
national
-
-
-
16 616
regional
-
-
-
821
total
-
-
-
36 120
Employee
43 999
-
71 000
-
social contributions
14 836
-
23 941
-
national
7 624
-
14 425
-
regional
415
-
723
-
municipal
233
-
377
-
total
23 108
-
39 466
-
Employer
43 999
-
71 000
-
total
-
-
-
-
Corporate
27 001
71 000
-
-
municipal
1 053
2 769
-
-
nationa
6 481
17 040
-
-
total
7 534
19 809
-
-
Dividends
19 468
51 191
-
-
withholding
5 062
13 310
-
-
total
5 062
13 310
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 704
33 119
39 466
36 120
After tax
35 296
37 881
31 534
34 880
Living cost
20 890
20 890
20 890
20 890
Free-cash
14 406
16 991
10 644
13 990

Estimated living cost  is ₴20890 per week

₴14562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20953
₴33735
₴22767
₴32193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
2 401
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
16 889
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
37 309
Employee
16 372
-
58 653
-
health
418
-
1 496
-
pensions
1 092
-
3 912
-
unemployment
1 140
-
4 082
-
surtax
54
-
2 115
-
other
-
-
-
-
income
2 744
-
15 172
-
total
5 448
-
26 777
-
Employer
16 372
-
58 653
-
unemployment
519
-
1 859
-
health
745
-
2 669
-
pensions
2 182
-
7 818
-
other
-
-
-
-
total
3 446
-
12 346
-
Corporate
51 182
71 000
-
-
income
13 308
18 460
-
-
total
13 308
18 460
-
-
Dividends
37 875
52 540
-
-
withholding
5 681
7 881
-
-
total
5 681
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 883
26 341
39 123
37 309
After tax
43 117
44 659
31 877
33 691
Living cost
10 924
10 924
10 924
10 924
Free-cash
32 193
33 735
20 953
22 767

Estimated living cost  is ₴10924 per week

₴6680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19051
₴25513
₴25569
₴26501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 508
pensions
-
-
-
4 149
total
-
-
-
22 657
Employee
31 608
-
62 179
-
health
459
-
967
-
pensions
2 683
-
5 225
-
income
5 693
-
14 162
-
total
8 835
-
20 354
-
Employer
31 608
-
62 179
-
health
600
-
1 181
-
pensions
3 422
-
7 640
-
total
4 022
-
8 821
-
Corporate
35 369
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.

6 720
13 490
-
-
total
6 720
13 490
-
-
Dividends
28 649
57 510
-
-
withholding
2 148
9 223
-
-
total
2 148
9 223
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 725
22 713
29 175
22 657
After tax
49 275
48 287
41 825
48 343
Living cost
22 774
22 774
22 774
22 774
Free-cash
26 501
25 513
19 051
25 569

Estimated living cost  is ₴22774 per week

₴17062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
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.
₴3766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15683
-₴6688
₴19134
₴10064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
748
other

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

-
-
-
1 420
national
-
-
-
805
pensions
-
-
-
6 532
regional
-
-
-
3 046
health
-
-
-
160
total
-
-
-
12 711
Employee
45 822
-
63 549
-
health
104
-
143
-
pensions
3 850
-
5 338
-
unemployment
-
-
-
-
city
492
-
683
-
national
217
-
641
-
regional
1 500
-
2 605
-
total
6 163
-
9 410
-
Employer
45 822
-
63 549
-
unemployment
-
-
-
-
health
104
-
143
-
pensions
3 850
-
5 338
-
other

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

916
-
1 271
-
total
4 870
-
6 752
-
Corporate
19 805
71 000
-
-
regional
4 189
15 016
-
-
national
1 683
6 035
-
-
total
5 872
21 051
-
-
Dividends
13 933
49 949
-
-
withholding
4 876
17 482
-
-
total
4 876
17 482
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 781
38 533
16 162
12 711
After tax
49 219
32 467
54 838
58 289
Living cost
39 155
39 155
39 155
39 155
Free-cash
10 064
-6 688
15 683
19 134

Estimated living cost  is ₴39155 per week

₴25462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23680
₴12426
₴15451
₴20455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 109
trade
-
-
-
8 229
income

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

-
-
-
20 150
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.

-
-
-
3 382
total
-
-
-
32 870
Employee

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

29 753
-
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.

3 382
-
3 382
-
surtax

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

193
-
1 109
-
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.

3 499
-
20 150
-
total
7 074
-
24 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 247
71 000
-
-
chamber of commerce
133
175
-
-
trade
7 074
12 177
-
-
surtax

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

340
585
-
-
income
6 187
10 650
-
-
total
13 734
23 587
-
-
Dividends
27 512
47 413
-
-
withholding
6 690
11 666
-
-
surtax

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

368
642
-
-
total
7 058
12 308
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 866
35 895
24 641
32 870
After tax
43 134
35 105
46 359
38 130
Living cost
22 679
22 679
22 679
22 679
Free-cash
20 455
12 426
23 680
15 451

Estimated living cost  is ₴22679 per week

₴16564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23894
₴18845
₴23336
₴21769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 802
pensions
-
-
-
14 204
health
-
-
-
2 496
total
-
-
-
30 726
Employee
21 188
-
55 920
-
social contributions
604
-
1 593
-
pensions
2 396
-
3 485
-
surtax
-
-
-
-
income
1 250
-
10 010
-
total
4 250
-
15 088
-
Employer
21 188
-
55 920
-
unemployment
858
-
2 265
-
health
1 483
-
4 697
-
pensions
3 481
-
5 940
-
other
731
-
2 010
-
social contributions
64
-
168
-
total
6 617
-
15 080
-
Corporate
43 195
71 000
-
-
surtax
-
-
-
-
income
12 095
19 880
-
-
total
12 095
19 880
-
-
Dividends
31 100
51 120
-
-
withholding
3 981
6 544
-
-
surtax
-
-
-
-
social contributions
5 350
8 793
-
-
total
9 331
15 337
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 293
35 217
30 168
30 726
After tax
38 707
35 783
40 832
40 274
Living cost
16 938
16 938
16 938
16 938
Free-cash
21 769
18 845
23 894
23 336

Estimated living cost  is ₴16938 per week

₴10680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25572
₴20523
₴25014
₴23275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 802
pensions
-
-
-
14 204
health
-
-
-
2 496
total
-
-
-
30 726
Employee
18 913
-
55 920
-
social contributions
539
-
1 593
-
pensions
2 139
-
3 485
-
surtax
-
-
-
-
income
975
-
10 010
-
total
3 653
-
15 088
-
Employer
18 913
-
55 920
-
unemployment
766
-
2 265
-
health
1 324
-
4 697
-
pensions
3 108
-
5 940
-
other
653
-
2 010
-
social contributions
56
-
168
-
total
5 907
-
15 080
-
Corporate
46 180
71 000
-
-
surtax
-
-
-
-
income
12 930
19 880
-
-
total
12 930
19 880
-
-
Dividends
33 250
51 120
-
-
withholding
4 256
6 544
-
-
surtax
-
-
-
-
social contributions
5 719
8 793
-
-
total
9 975
15 337
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 465
35 217
30 168
30 726
After tax
38 535
35 783
40 832
40 274
Living cost
15 260
15 260
15 260
15 260
Free-cash
23 275
20 523
25 572
25 014

Estimated living cost  is ₴15260 per week

₴8850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34110
₴32819
₴35098
₴33076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 650
health
-
-
-
4 956
total
-
-
-
25 404
Employee
16 786
-
71 000
-
health
1 172
-
4 956
-
social contributions
2 317
-
9 798
-
income
2 800
-
11 638
-
total
6 289
-
26 392
-
Employer
16 786
-
71 000
-
total
-
-
-
-
Corporate
54 214
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%.

2 710
3 550
-
-
total
2 710
3 550
-
-
Dividends
51 504
67 450
-
-
withholding
7 725
10 117
-
-
health
3 595
4 708
-
-
social contributions
7 107
9 308
-
-
total
18 427
24 133
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 426
27 683
26 392
25 404
After tax
43 574
43 317
44 608
45 596
Living cost
10 498
10 498
10 498
10 498
Free-cash
33 076
32 819
34 110
35 098

Estimated living cost  is ₴10498 per week

₴7025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1326
₴21995
₴18740
₴21230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
98
chamber of commerce
-
-
-
284
unemployment
-
-
-
3 036
income
-
-
-
16 274
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
34 816
Employee
24 741
19 729
55 057
-
health
957
764
2 131
-
pensions
2 534
2 020
5 638
-
unemployment
742
592
1 652
-
other
247
197
551
-
income
2 817
1 455
13 018
-
total
7 297
5 028
22 990
-
Employer
24 741
19 729
55 057
-
unemployment
742
592
1 652
-
payroll
742
592
1 652
-
accident
321
256
716
-
health
935
746
2 081
-
pensions
3 105
2 476
6 910
-
other
1 175
937
2 616
-
surtax
98
98
98
-
chamber of commerce
99
79
220
-
total
7 217
5 776
15 945
-
Corporate
39 042
45 495
53 178
-
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.

9 760
11 373
13 295
-
total
9 760
11 373
13 295
-
Dividends
29 281
34 121
-
-
withholding
8 052
9 384
-
-
total
8 052
9 384
-
-
Income
71 000
71 000
71 000
71 000
Total tax
32 326
31 561
52 230
34 816
After tax
38 674
39 439
18 770
36 184
Living cost
17 444
17 444
17 444
17 444
Free-cash
21 230
21 995
1 326
18 740

Estimated living cost  is ₴17444 per week

₴11635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7851
₴21690
₴13153
₴14266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 141
communal

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

-
-
-
3 592
national
-
-
-
25 063
total
-
-
-
39 796
Employee

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

35 413
-
54 991
-
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.

1 664
-
2 585
-
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.

2 656
-
4 124
-
unemployment

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

308
-
478
-
national
10 887
-
19 035
-
communal

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

1 847
-
2 868
-
total
17 362
-
29 090
-
Employer

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

35 413
-
54 991
-
unemployment

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

517
-
803
-
accident

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

460
-
715
-
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.

2 178
-
3 382
-
pensions

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

3 138
-
4 872
-
surtax
4 015
-
6 236
-
total
10 308
-
16 008
-
Corporate
25 279
71 000
-
-
surtax
101
284
-
-
income
5 056
14 200
-
-
total
5 157
14 484
-
-
Dividends
20 122
56 516
-
-
withholding

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

5 856
16 775
-
-
total
5 856
16 775
-
-
Income
71 000
71 000
71 000
71 000
Total tax
38 683
31 259
45 098
39 796
After tax
32 317
39 741
25 902
31 204
Living cost
18 051
18 051
18 051
18 051
Free-cash
14 266
21 690
7 851
13 153

Estimated living cost  is ₴18051 per week

₴11627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19839
₴29642
₴22148
₴25967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
17 207
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
30 973
Employee
24 643
-
56 371
-
pensions
1 158
-
2 157
-
unemployment
382
-
711
-
other
24
-
46
-
income
5 200
-
15 741
-
total
6 764
-
18 655
-
Employer
24 643
-
56 371
-
unemployment
1 356
-
2 523
-
accident
488
-
908
-
pensions
5 815
-
10 829
-
other
196
-
367
-
total
7 855
-
14 627
-
Corporate
38 502
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.

5 775
10 650
-
-
total
5 775
10 650
-
-
Dividends
32 727
60 350
-
-
withholding
6 760
12 829
-
-
total
6 760
12 829
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 154
23 479
33 282
30 973
After tax
43 846
47 521
37 718
40 027
Living cost
17 879
17 879
17 879
17 879
Free-cash
25 967
29 642
19 839
22 148

Estimated living cost  is ₴17879 per week

₴13166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12845
₴15489
₴10014
₴10036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
3 520
income
-
-
-
9 846
communal
-
-
-
4 487
pensions
-
-
-
10 642
accident
-
-
-
598
health
-
-
-
4 989
total
-
-
-
34 082
Employee
37 491
-
63 420
-
health
1 669
-
2 822
-
pensions
2 999
-
5 073
-
surtax
2 298
-
3 887
-
income
3 621
-
11 891
-
total
10 587
-
23 673
-
Employer
37 491
-
63 420
-
accident
337
-
571
-
health
1 143
-
1 934
-
pensions
2 999
-
5 073
-
total
4 479
-
7 578
-
Corporate
29 029
71 000
-
-
communal
1 960
4 792
-
-
surtax
304
746
-
-
income
4 355
10 650
-
-
total
6 619
16 188
-
-
Dividends
22 411
54 812
-
-
withholding
3 361
8 221
-
-
income
9 014
4 198
-
-
total
12 375
12 419
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 060
28 607
31 251
34 082
After tax
36 940
42 393
39 749
36 918
Living cost
26 904
26 904
26 904
26 904
Free-cash
10 036
15 489
12 845
10 014

Estimated living cost  is ₴26904 per week

₴20182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20757
₴33539
₴22571
₴31964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
2 401
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
16 889
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
37 309
Employee
16 672
-
58 653
-
health
426
-
1 496
-
pensions
1 112
-
3 912
-
unemployment
1 160
-
4 082
-
surtax
59
-
2 115
-
other
-
-
-
-
income
2 795
-
15 172
-
total
5 552
-
26 777
-
Employer
16 672
-
58 653
-
unemployment
529
-
1 859
-
health
758
-
2 669
-
pensions
2 223
-
7 818
-
other
-
-
-
-
total
3 510
-
12 346
-
Corporate
50 818
71 000
-
-
income
13 213
18 460
-
-
total
13 213
18 460
-
-
Dividends
37 605
52 540
-
-
withholding
5 641
7 881
-
-
total
5 641
7 881
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 916
26 341
39 123
37 309
After tax
43 084
44 659
31 877
33 691
Living cost
11 120
11 120
11 120
11 120
Free-cash
31 964
33 539
20 757
22 571

Estimated living cost  is ₴11120 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17966
₴23983
₴21294
₴22883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
422
social contributions
-
-
-
18 261
national
-
-
-
16 616
regional
-
-
-
1 071
total
-
-
-
36 370
Employee
27 462
-
71 000
-
social contributions
9 261
-
23 941
-
national
4 351
-
14 425
-
regional
370
-
955
-
municipal
146
-
377
-
total
14 128
-
39 698
-
Employer
27 462
-
71 000
-
total
-
-
-
-
Corporate
43 538
71 000
-
-
municipal
2 164
3 529
-
-
nationa
10 449
17 040
-
-
total
12 613
20 569
-
-
Dividends
30 925
50 431
-
-
withholding
8 040
13 112
-
-
total
8 040
13 112
-
-
Income
71 000
71 000
71 000
71 000
Total tax
34 781
33 681
39 698
36 370
After tax
36 219
37 319
31 302
34 630
Living cost
13 336
13 336
13 336
13 336
Free-cash
22 883
23 983
17 966
21 294

Estimated living cost  is ₴13336 per week

₴8294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21123
₴33976
₴22500
₴28659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
6 601
health
-
-
-
9 585
total
-
-
-
33 593
Employee
21 922
-
52 985
-
health
2 959
-
7 153
-
social contributions
1 425
-
3 444
-
solidarity contribution
-
-
-
-
income
2 631
-
6 358
-
total
7 015
-
16 955
-
Employer
21 922
-
52 985
-
health
1 973
-
4 769
-
social contributions
5 480
-
13 246
-
total
7 453
-
18 015
-
Corporate
41 625
71 000
-
-
income
7 909
13 490
-
-
total
7 909
13 490
-
-
Dividends
33 716
57 510
-
-
withholding
5 057
8 627
-
-
total
5 057
8 627
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 434
22 117
34 970
33 593
After tax
43 566
48 883
36 030
37 407
Living cost
14 907
14 907
14 907
14 907
Free-cash
28 659
33 976
21 123
22 500

Estimated living cost  is ₴14907 per week

₴11086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3001
₴23699
₴20488
₴23455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
284
unemployment
-
-
-
3 036
income
-
-
-
16 274
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
34 718
Employee
21 641
19 729
55 131
-
health
837
764
2 134
-
pensions
2 216
2 020
5 645
-
unemployment
649
592
1 653
-
other
216
197
551
-
income
1 928
1 455
13 043
-
total
5 846
5 028
23 026
-
Employer
21 641
19 729
55 131
-
unemployment
649
592
1 653
-
payroll
649
592
1 653
-
accident
281
256
717
-
health
818
746
2 084
-
pensions
2 716
2 476
6 919
-
other
1 028
937
2 619
-
surtax
-
-
-
-
chamber of commerce
86
79
221
-
total
6 227
5 678
15 866
-
Corporate
43 131
45 593
53 254
-
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.

10 782
11 398
13 313
-
total
10 782
11 398
13 313
-
Dividends
32 349
34 195
-
-
withholding
8 896
9 403
-
-
total
8 896
9 403
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 751
31 507
52 205
34 718
After tax
39 249
39 493
18 795
36 282
Living cost
15 794
15 794
15 794
15 794
Free-cash
23 455
23 699
3 001
20 488

Estimated living cost  is ₴15794 per week

₴9475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50552
₴61202
₴64042
₴60031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
71 000
microenterprise

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

-
-
-
710
total
-
-
-
710
Employee
7 810
-
71 000
-
income
1 562
-
14 200
-
total
1 562
-
14 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

63 190
71 000
-
-
total
-
-
-
-
Dividends
63 190
71 000
-
-
withholding
3 159
3 550
-
-
total
3 159
3 550
-
-
Income
71 000
71 000
71 000
71 000
Total tax
4 721
3 550
14 200
710
After tax
66 279
67 450
56 800
70 290
Living cost
6 248
6 248
6 248
6 248
Free-cash
60 031
61 202
50 552
64 042

Estimated living cost  is ₴6248 per week

₴4228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20340
₴35605
₴22220
₴31465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
106
income
-
-
-
15 442
pensions
-
-
-
12 967
health
-
-
-
6 986
total
-
-
-
35 501
Employee

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

21 892
-
61 435
-
health
1 414
-
3 968
-
pensions
3 393
-
9 523
-
unemployment
31
-
86
-
income
3 775
-
14 239
-
total
8 613
-
27 816
-
Employer

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

21 892
-
61 435
-
unemployment
13
-
37
-
health
1 458
-
4 091
-
pensions
1 937
-
5 437
-
total
3 408
-
9 565
-
Corporate
45 700
71 000
-
-
income
8 683
13 490
-
-
total
8 683
13 490
-
-
Dividends
37 017
57 510
-
-
withholding
5 552
8 626
-
-
total
5 552
8 626
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 256
22 116
37 381
35 501
After tax
44 744
48 884
33 619
35 499
Living cost
13 279
13 279
13 279
13 279
Free-cash
31 465
35 605
20 340
22 220

Estimated living cost  is ₴13279 per week

₴9113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴43289
₴21960
₴27831
-₴2382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
social contributions
-
-
-
8 094
income
-
-
-
13 839
total
-
-
-
21 933
Employee
30 449
-
-
-
social contributions
2 497
-
356
-
income
6 716
-
-
-
total
9 213
-
356
-
Employer
30 449
-
-
-
social contributions
42 933
-
6 119
-
total
42 933
-
6 119
-
Corporate
-
71 000
-
-
income
-
15 620
-
-
total
-
15 620
-
-
Dividends
-
55 380
-
-
income
-
12 184
-
-
total
-
12 184
-
-
Income
71 000
71 000
71 000
71 000
Total tax
52 146
27 804
6 475
21 933
After tax
18 854
43 196
64 525
49 067
Living cost
21 236
21 236
21 236
21 236
Free-cash
-2 382
21 960
43 289
27 831

Estimated living cost  is ₴21236 per week

₴13779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
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.
₴5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18152
₴24856
₴23050
₴24356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

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

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

-
-
-
24 673
income
-
-
-
7 748
total
-
-
-
32 421
Employee
22 769
-
57 374
-
social contributions
2 505
-
6 311
-
surtax
-
-
-
-
income
4 736
-
17 382
-
total
7 241
-
23 693
-
Employer
22 769
-
57 374
-
social contributions
5 408
-
13 626
-
total
5 408
-
13 626
-
Corporate
42 823
71 000
-
-
surtax
-
-
-
-
income
8 993
14 910
-
-
total
8 993
14 910
-
-
Dividends
33 830
56 090
-
-
withholding
9 473
15 705
-
-
total
9 473
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 115
30 615
37 319
32 421
After tax
39 885
40 385
33 681
38 579
Living cost
15 529
15 529
15 529
15 529
Free-cash
24 356
24 856
18 152
23 050

Estimated living cost  is ₴15529 per week

₴11619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16921
₴11872
₴16363
₴15278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 201
social contributions
-
-
-
2 023
income
-
-
-
9 802
pensions
-
-
-
14 204
health
-
-
-
2 496
total
-
-
-
30 726
Employee
31 007
-
55 920
-
social contributions
883
-
1 593
-
pensions
3 507
-
3 485
-
surtax
-
-
-
-
income
2 705
-
10 010
-
total
7 095
-
15 088
-
Employer
31 007
-
55 920
-
unemployment
1 256
-
2 265
-
health
2 170
-
4 697
-
pensions
5 095
-
5 940
-
other
1 070
-
2 010
-
social contributions
93
-
168
-
total
9 684
-
15 080
-
Corporate
30 309
71 000
-
-
surtax
-
-
-
-
income
8 486
19 880
-
-
total
8 486
19 880
-
-
Dividends
21 822
51 120
-
-
withholding
2 793
6 544
-
-
surtax
-
-
-
-
social contributions
3 753
8 793
-
-
total
6 546
15 337
-
-
Income
71 000
71 000
71 000
71 000
Total tax
31 811
35 217
30 168
30 726
After tax
39 189
35 783
40 832
40 274
Living cost
23 911
23 911
23 911
23 911
Free-cash
15 278
11 872
16 921
16 363

Estimated living cost  is ₴23911 per week

₴16183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39853
₴49018
₴37966
₴47355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 532
social contributions
-
-
-
15 620
total
-
-
-
18 152
Employee
15 916
-
61 472
-
social contributions
1 034
-
3 996
-
income
-
-
2 741
-
total
1 034
-
6 737
-
Employer
15 916
-
61 472
-
social contributions
2 467
-
9 528
-
total
2 467
-
9 528
-
Corporate
52 617
71 000
-
-
income
5 262
7 100
-
-
total
5 262
7 100
-
-
Dividends
47 355
63 900
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
8 763
7 100
16 265
18 152
After tax
62 237
63 900
54 735
52 848
Living cost
14 882
14 882
14 882
14 882
Free-cash
47 355
49 018
39 853
37 966

Estimated living cost  is ₴14882 per week

₴9622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
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.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴36866
-₴36866
₴18968
-₴36866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
14 308
labour market
-
-
-
5 646
national
-
-
-
7 806
pensions
-
-
-
429
total
-
-
-
28 189
Employee
100 636
100 636
100 636
-
pensions
143
143
143
-
national
12 294
12 294
12 294
-
labour market
8 039
8 039
8 039
-
municipal
21 430
21 430
21 430
-
total
41 906
41 906
41 906
-
Employer
100 636
100 636
100 636
-
pensions
286
286
286
-
national
12 316
12 316
12 316
-
labour market
8 051
8 051
8 051
-
municipal
21 464
21 464
21 464
-
total
42 117
42 117
42 117
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
71 000
71 000
71 000
71 000
Total tax
84 023
84 023
84 023
28 189
After tax
-13 023
-13 023
-13 023
42 811
Living cost
23 843
23 843
23 843
23 843
Free-cash
-36 866
-36 866
-36 866
18 968

Estimated living cost  is ₴23843 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27059
-₴5141
₴37707
₴4081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
18 901
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
22 401
Employee
17 135
-
62 873
-
health
1 962
-
7 199
-
pensions
1 929
-
3 834
-
income
2 351
-
13 890
-
total
6 242
-
24 923
-
Employer
17 135
-
62 873
-
unemployment
420
-
1 540
-
accident
286
-
1 050
-
pensions
2 786
-
5 536
-
total
3 492
-
8 126
-
Corporate
50 373
71 000
-
-
income

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

45 336
63 900
-
-
total
45 336
63 900
-
-
Dividends
5 037
7 100
-
-
withholding
957
1 349
-
-
total
957
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
56 027
65 249
33 049
22 401
After tax
14 973
5 751
37 951
48 599
Living cost
10 892
10 892
10 892
10 892
Free-cash
4 081
-5 141
27 059
37 707

Estimated living cost  is ₴10892 per week

₴7929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19270
₴26489
₴29004
₴27259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
71 000
municipal
-
-
-
12 620
national
-
-
-
9 482
health
-
-
-
887
total
-
-
-
22 989
Employee
26 047
-
59 729
-
health
194
-
713
-
pensions
1 758
-
4 031
-
unemployment
391
-
896
-
national
430
-
6 076
-
municipal
4 266
-
9 736
-
total
7 039
-
21 452
-
Employer
26 047
-
59 729
-
unemployment
169
-
388
-
accident
26
-
60
-
health
200
-
460
-
pensions
4 519
-
10 363
-
total
4 914
-
11 271
-
Corporate
40 039
71 000
-
-
income
8 008
14 200
-
-
total
8 008
14 200
-
-
Dividends

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

24 023
42 600
-
-
national
449
3 636
-
-
municipal
4 324
7 668
-
-
total
4 773
11 304
-
-
Income
71 000
71 000
71 000
71 000
Total tax
24 734
25 504
32 723
22 989
After tax
46 266
45 496
38 277
48 011
Living cost
19 007
19 007
19 007
19 007
Free-cash
27 259
26 489
19 270
29 004

Estimated living cost  is ₴19007 per week

₴12415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37208
₴40387
₴37879
₴37693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 010
income
-
-
-
11 839
health
-
-
-
1 810
total
-
-
-
21 659
Employee
38 068
38 068
65 527
-
health
295
647
1 114
-
social contributions
1 439
3 159
4 262
-
income
4 145
3 524
11 480
-
total
5 879
7 330
16 856
-
Employer
38 068
38 068
65 527
-
health
320
705
1 212
-
social contributions
1 439
3 159
4 262
-
total
1 759
3 864
5 474
-
Corporate
51 899
29 068
-
-
income
6 487
3 633
-
-
total
6 487
3 633
-
-
Dividends
45 412
25 435
-
-
withholding
7 720
4 324
-
-
total
7 720
4 324
-
-
Income
71 000
71 000
71 000
71 000
Total tax
21 845
19 151
22 330
21 659
After tax
49 155
51 849
48 670
49 341
Living cost
11 462
11 462
11 462
11 462
Free-cash
37 693
40 387
37 208
37 879

Estimated living cost  is ₴11462 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41165
₴50936
₴51095
₴48416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
7 090
pensions
-
-
-
3 149
health
-
-
-
1 792
total
-
-
-
12 045
Employee

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

11 364
-
66 162
-
health
966
-
3 993
-
pensions
1 704
-
7 046
-
unemployment
56
-
235
-
income
777
-
5 862
-
total
3 503
-
17 136
-
Employer

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

11 364
-
66 162
-
unemployment
56
-
235
-
health
489
-
2 020
-
pensions
625
-
2 584
-
total
1 170
-
4 839
-
Corporate
58 467
71 000
-
-
income
5 262
6 390
-
-
total
5 262
6 390
-
-
Dividends
53 205
64 610
-
-
withholding
4 789
5 814
-
-
total
4 789
5 814
-
-
Income
71 000
71 000
71 000
71 000
Total tax
14 724
12 204
21 975
12 045
After tax
56 276
58 796
49 025
58 955
Living cost
7 860
7 860
7 860
7 860
Free-cash
48 416
50 936
41 165
51 095

Estimated living cost  is ₴7860 per week

₴5015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴24104
₴33907
₴26413
₴31578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
17 207
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
30 973
Employee
18 306
-
56 371
-
pensions
861
-
2 157
-
unemployment
284
-
711
-
other
18
-
46
-
income
3 529
-
15 741
-
total
4 692
-
18 655
-
Employer
18 306
-
56 371
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
pensions
4 320
-
10 829
-
other
147
-
367
-
total
5 837
-
14 627
-
Corporate
46 858
71 000
-
-
income

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

7 028
10 650
-
-
total
7 028
10 650
-
-
Dividends
39 830
60 350
-
-
withholding
8 251
12 829
-
-
total
8 251
12 829
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 808
23 479
33 282
30 973
After tax
45 192
47 521
37 718
40 027
Living cost
13 614
13 614
13 614
13 614
Free-cash
31 578
33 907
24 104
26 413

Estimated living cost  is ₴13614 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44478
₴43296
₴44550
₴43130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
income
-
-
-
24 174
pensions
-
-
-
735
health
-
-
-
533
total
-
-
-
25 442
Employee
1 535
-
70 173
-
health
77
-
184
-
pensions
138
-
331
-
unemployment
15
-
37
-
income
297
-
24 135
-
total
527
-
24 687
-
Employer
1 535
-
70 173
-
unemployment
31
-
74
-
health
146
-
349
-
pensions
169
-
404
-
total
346
-
827
-
Corporate
69 119
71 000
-
-
income
15 206
15 620
-
-
total
15 206
15 620
-
-
Dividends
53 913
55 380
-
-
withholding
10 783
11 076
-
-
total
10 783
11 076
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 862
26 696
25 514
25 442
After tax
44 138
44 304
45 486
45 558
Living cost
1 008
1 008
1 008
1 008
Free-cash
43 130
43 296
44 478
44 550

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32923
₴42735
₴32923
₴40298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
549
income
-
-
-
15 682
pensions
-
-
-
9 514
health
-
-
-
3 769
total
-
-
-
29 514
Employee

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

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

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

12 913
-
64 450
-
health
665
-
1 885
-
pensions
1 808
-
5 123
-
unemployment
97
-
274
-
income
1 780
-
15 682
-
total
4 350
-
22 964
-
Employer

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

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

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

12 913
-
64 450
-
unemployment
97
-
274
-
health
665
-
1 885
-
pensions
1 550
-
4 391
-
total
2 312
-
6 550
-
Corporate
55 776
71 000
-
-
income
8 366
10 650
-
-
total
8 366
10 650
-
-
Dividends
47 410
60 350
-
-
withholding
7 111
9 052
-
-
total
7 111
9 052
-
-
Income
71 000
71 000
71 000
71 000
Total tax
22 139
19 702
29 514
29 514
After tax
48 861
51 298
41 486
41 486
Living cost
8 563
8 563
8 563
8 563
Free-cash
40 298
42 735
32 923
32 923

Estimated living cost  is ₴8563 per week

₴5766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20334
₴27038
₴25232
₴26860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

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

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

-
-
-
24 673
income
-
-
-
7 748
total
-
-
-
32 421
Employee
19 215
-
57 374
-
social contributions
2 114
-
6 311
-
surtax
-
-
-
-
income
3 754
-
17 382
-
total
5 868
-
23 693
-
Employer
19 215
-
57 374
-
social contributions
4 563
-
13 626
-
total
4 563
-
13 626
-
Corporate
47 222
71 000
-
-
surtax
-
-
-
-
income
9 916
14 910
-
-
total
9 916
14 910
-
-
Dividends
37 306
56 090
-
-
withholding
10 446
15 705
-
-
total
10 446
15 705
-
-
Income
71 000
71 000
71 000
71 000
Total tax
30 793
30 615
37 319
32 421
After tax
40 207
40 385
33 681
38 579
Living cost
13 347
13 347
13 347
13 347
Free-cash
26 860
27 038
20 334
25 232

Estimated living cost  is ₴13347 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20319
₴30122
₴22628
₴26614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
17 207
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
30 973
Employee
23 910
-
56 371
-
pensions
1 124
-
2 157
-
unemployment
370
-
711
-
other
23
-
46
-
income
4 994
-
15 741
-
total
6 511
-
18 655
-
Employer
23 910
-
56 371
-
unemployment
1 315
-
2 523
-
accident
474
-
908
-
pensions
5 643
-
10 829
-
other
192
-
367
-
total
7 624
-
14 627
-
Corporate
39 468
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.

5 920
10 650
-
-
total
5 920
10 650
-
-
Dividends
33 548
60 350
-
-
withholding
6 932
12 829
-
-
total
6 932
12 829
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 987
23 479
33 282
30 973
After tax
44 013
47 521
37 718
40 027
Living cost
17 399
17 399
17 399
17 399
Free-cash
26 614
30 122
20 319
22 628

Estimated living cost  is ₴17399 per week

₴12495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49821
₴52185
₴47211
₴49167
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
15 269
Employee
11 282
-
67 606
-
health
519
-
796
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 519
-
income
1 128
-
6 760
-
total
2 761
-
9 265
-
Employer
11 282
-
67 606
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
779
-
1 194
-
pensions

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

1 243
-
1 906
-
total
2 214
-
3 394
-
Corporate
57 505
71 000
-
-
income
5 750
7 100
-
-
total
5 750
7 100
-
-
Dividends
51 755
63 900
-
-
withholding
2 588
3 195
-
-
total
2 588
3 195
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 313
10 295
12 659
15 269
After tax
57 687
60 705
58 341
55 731
Living cost
8 520
8 520
8 520
8 520
Free-cash
49 167
52 185
49 821
47 211

Estimated living cost  is ₴8520 per week

₴5635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27246
₴17454
₴20361
₴23931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 109
trade
-
-
-
6 885
income

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

-
-
-
20 150
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.

-
-
-
3 382
total
-
-
-
31 526
Employee

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

24 633
-
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.

3 382
-
3 382
-
surtax

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

112
-
1 109
-
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.

2 026
-
20 150
-
total
5 520
-
24 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 367
71 000
-
-
chamber of commerce
143
179
-
-
trade
6 653
10 189
-
-
surtax

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

382
585
-
-
income
6 955
10 650
-
-
total
14 133
21 603
-
-
Dividends
32 234
49 397
-
-
withholding
7 870
12 161
-
-
surtax

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

433
669
-
-
total
8 303
12 830
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 956
34 433
24 641
31 526
After tax
43 044
36 567
46 359
39 474
Living cost
19 113
19 113
19 113
19 113
Free-cash
23 931
17 454
27 246
20 361

Estimated living cost  is ₴19113 per week

₴13185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11112
₴21499
₴11112
₴22593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
income
-
-
-
20 217
social contributions
-
-
-
11 470
total
-
-
-
31 687
Employee
38 725
-
71 000
-
social contributions
3 217
-
11 470
-
income
7 307
-
20 217
-
total
10 524
-
31 687
-
Employer
38 725
-
71 000
-
total
-
-
-
-
Corporate
32 275
71 000
-
-
income
4 034
8 875
-
-
total
4 034
8 875
-
-
Dividends
28 240
62 125
-
-
withholding
5 648
12 425
-
-
total
5 648
12 425
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 206
21 300
31 687
31 687
After tax
50 794
49 700
39 313
39 313
Living cost
28 201
28 201
28 201
28 201
Free-cash
22 593
21 499
11 112
11 112

Estimated living cost  is ₴28201 per week

₴21455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
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.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33501
₴25563
₴35921
₴27294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 092
health

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

-
-
-
3 016
total
-
-
-
17 108
Employee
22 711
-
68 723
-
social contributions
2 275
-
2 277
-
income
2 464
-
14 974
-
total
4 739
-
17 251
-
Employer
22 711
-
68 723
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
46 014
71 000
-
-
income
16 105
24 850
-
-
total
16 105
24 850
-
-
Dividends
29 909
46 150
-
-
social contributions
2 616
2 616
-
-
total
2 616
2 616
-
-
Income
71 000
71 000
71 000
71 000
Total tax
25 735
27 466
19 528
17 108
After tax
45 265
43 534
51 472
53 892
Living cost
17 971
17 971
17 971
17 971
Free-cash
27 294
25 563
33 501
35 921

Estimated living cost  is ₴17971 per week

₴11838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23311
₴29773
₴29829
₴31869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 508
pensions
-
-
-
4 149
total
-
-
-
22 657
Employee
25 414
-
62 179
-
health
332
-
967
-
pensions
1 940
-
5 225
-
income
4 628
-
14 162
-
total
6 900
-
20 354
-
Employer
25 414
-
62 179
-
health
483
-
1 181
-
pensions
2 568
-
7 640
-
total
3 051
-
8 821
-
Corporate
42 536
71 000
-
-
income

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

8 082
13 490
-
-
total
8 082
13 490
-
-
Dividends
34 454
57 510
-
-
withholding
2 584
9 223
-
-
total
2 584
9 223
-
-
Income
71 000
71 000
71 000
71 000
Total tax
20 617
22 713
29 175
22 657
After tax
50 383
48 287
41 825
48 343
Living cost
18 514
18 514
18 514
18 514
Free-cash
31 869
29 773
23 311
29 829

Estimated living cost  is ₴18514 per week

₴12701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25980
-₴6220
₴36628
₴3916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
18 901
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
22 401
Employee
18 831
-
62 873
-
health
2 156
-
7 199
-
pensions
2 120
-
3 834
-
income
2 583
-
13 890
-
total
6 859
-
24 923
-
Employer
18 831
-
62 873
-
unemployment
461
-
1 540
-
accident
314
-
1 050
-
pensions
3 062
-
5 536
-
total
3 837
-
8 126
-
Corporate
48 332
71 000
-
-
income

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

43 499
63 900
-
-
total
43 499
63 900
-
-
Dividends
4 833
7 100
-
-
withholding
918
1 349
-
-
total
918
1 349
-
-
Income
71 000
71 000
71 000
71 000
Total tax
55 113
65 249
33 049
22 401
After tax
15 887
5 751
37 951
48 599
Living cost
11 971
11 971
11 971
11 971
Free-cash
3 916
-6 220
25 980
36 628

Estimated living cost  is ₴11971 per week

₴8785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41955
₴53054
₴33323
₴50736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
852
health insurance
-
-
-
5 254
income
-
-
-
11 460
pensions
-
-
-
13 064
work injury
-
-
-
355
total
-
-
-
30 985
Employee

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

10 707
-
71 000
-
pensions
1 970
-
7 289
-
unemployment
128
-
475
-
work injury
54
-
198
-
health insurance
792
-
2 931
-
income
1 071
-
11 460
-
total
4 015
-
22 353
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 293
71 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

603
710
-
-
total
603
710
-
-
Dividends
59 691
70 290
-
-
withholding
8 954
10 544
-
-
total
8 954
10 544
-
-
Income
71 000
71 000
71 000
71 000
Total tax
13 572
11 254
22 353
30 985
After tax
57 428
59 746
48 647
40 015
Living cost
6 692
6 692
6 692
6 692
Free-cash
50 736
53 054
41 955
33 323

Estimated living cost  is ₴6692 per week

₴4146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴1851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11095
₴17675
₴14318
₴15424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
71 000
municipal
-
-
-
474
social contributions
-
-
-
18 261
national
-
-
-
16 616
regional
-
-
-
1 609
total
-
-
-
36 960
Employee
41 718
-
71 000
-
social contributions
14 067
-
23 941
-
national
7 050
-
14 425
-
regional
630
-
1 393
-
municipal
249
-
424
-
total
21 996
-
40 183
-
Employer
41 718
-
71 000
-
total
-
-
-
-
Corporate
29 282
71 000
-
-
municipal
1 411
3 423
-
-
nationa
7 027
17 040
-
-
total
8 438
20 463
-
-
Dividends
20 844
50 537
-
-
withholding
5 420
13 140
-
-
total
5 420
13 140
-
-
Income
71 000
71 000
71 000
71 000
Total tax
35 854
33 603
40 183
36 960
After tax
35 146
37 397
30 817
34 040
Living cost
19 722
19 722
19 722
19 722
Free-cash
15 424
17 675
11 095
14 318

Estimated living cost  is ₴19722 per week

₴13854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
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.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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