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
₴ 72500
per

Your estimated
City
free-cash

Dresden , Germany
₴23564
₴28314
₴25010
₴33284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
trade
-
-
-
8 274
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.

-
-
-
22 062
health

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

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

-
-
-
2 934
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.

-
-
-
1 213
total
-
-
-
34 483
Employee

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

16 425
-
72 500
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
1 213
-
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.

459
-
22 062
-
total
3 418
-
26 209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 075
72 500
-
-
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.

463
598
-
-
income
8 411
10 875
-
-
trade
8 831
11 419
-
-
chamber of commerce
146
170
-
-
total
17 851
23 062
-
-
Dividends
38 224
49 438
-
-
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.

517
671
-
-
withholding
9 393
12 196
-
-
total
9 910
12 867
-
-
Income
72 500
72 500
72 500
72 500
Total tax
31 179
35 929
26 209
34 483
After tax
41 321
36 571
46 291
38 017
Living cost
13 007
13 007
13 007
13 007
Free-cash
28 314
23 564
33 284
25 010

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23573
₴23212
₴21154
₴21723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
7 923
pensions
-
-
-
8 700
national
-
-
-
12 277
social contributions
-
-
-
779
total
-
-
-
29 679
Employee
33 588
-
62 676
-
municipal
4 149
-
8 203
-
pensions
1 344
-
2 507
-
national
6 429
-
12 712
-
total
11 922
-
23 422
-
Employer
33 588
-
62 676
-
social contributions
361
-
674
-
pensions
2 687
-
5 014
-
total
3 048
-
5 688
-
Corporate
33 647
72 500
-
-
income

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

6 729
14 500
-
-
total
6 729
14 500
-
-
Dividends
26 918
58 000
-
-
withholding
5 922
12 760
-
-
total
5 922
12 760
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 621
27 260
29 110
29 679
After tax
44 879
45 240
43 390
42 821
Living cost
21 667
21 667
21 667
21 667
Free-cash
23 212
23 573
21 723
21 154

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49066
₴45543
₴15813
₴21100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
microenterprise
-
-
-
-
income
-
-
-
12 811
surtax
-
-
-
18 488
social contributions

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

-
-
-
16 454
total
-
-
-
47 753
Employee
12 548
-
54 208
-
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.

1 381
-
5 630
-
surtax
-
-
7 860
-
income
2 234
-
10 684
-
total
3 615
-
24 174
-
Employer
12 548
-
54 208
-
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.

3 023
-
12 329
-
surtax
-
-
5 963
-
total
3 023
-
18 292
-
Corporate
56 929
72 500
-
-
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%.

11 385
14 500
-
-
total
11 385
14 500
-
-
Dividends

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

45 544
58 000
-
-
total
-
-
-
-
Income
72 500
72 500
72 500
72 500
Total tax
18 023
14 500
42 466
47 753
After tax
54 477
58 000
30 034
24 747
Living cost
8 934
8 934
8 934
8 934
Free-cash
45 543
49 066
21 100
15 813

Estimated living cost  is ₴8934 per week

₴5700
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.
₴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.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17858
₴15228
₴22255
₴26965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
21 929
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
32 255
Employee
36 672
36 672
64 519
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
9 238
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
19 564
-
Employer
36 672
36 672
64 519
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
29 856
29 406
-
-
income
5 971
5 881
-
-
total
5 971
5 881
-
-
Dividends
23 885
23 525
-
-
income
5 075
4 999
-
-
withholding
3 582
3 529
-
-
total
8 657
8 528
-
-
Income
72 500
72 500
72 500
72 500
Total tax
39 282
36 652
27 545
32 255
After tax
33 218
35 848
44 955
40 245
Living cost
17 990
17 990
17 990
17 990
Free-cash
15 228
17 858
26 965
22 255

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23039
₴22667
₴20716
₴20315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
18 487
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
6 246
total
-
-
-
35 238
Employee
23 577
-
61 106
-
municipal
7 031
-
18 222
-
national
-
-
6 024
-
total
7 031
-
24 246
-
Employer
23 577
-
61 106
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
41 515
72 500
-
-
income
9 133
15 950
-
-
total
9 133
15 950
-
-
Dividends
32 382
56 550
-
-
withholding
9 715
16 965
-
-
total
9 715
16 965
-
-
Income
72 500
72 500
72 500
72 500
Total tax
33 287
32 915
35 639
35 238
After tax
39 213
39 585
36 861
37 262
Living cost
16 546
16 546
16 546
16 546
Free-cash
22 667
23 039
20 315
20 716

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19327
₴25362
₴20779
₴29421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
trade
-
-
-
8 642
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.

-
-
-
22 062
health

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

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

-
-
-
2 934
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.

-
-
-
1 213
total
-
-
-
34 851
Employee

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

21 778
-
72 500
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
1 213
-
income

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

1 871
-
22 062
-
total
4 908
-
26 209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 722
72 500
-
-
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.

418
598
-
-
income
7 608
10 875
-
-
trade
8 344
11 927
-
-
chamber of commerce
138
169
-
-
total
16 508
23 569
-
-
Dividends
34 214
48 931
-
-
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.

461
664
-
-
withholding
8 391
12 070
-
-
total
8 852
12 734
-
-
Income
72 500
72 500
72 500
72 500
Total tax
30 268
36 303
26 209
34 851
After tax
42 232
36 197
46 291
37 649
Living cost
16 870
16 870
16 870
16 870
Free-cash
25 362
19 327
29 421
20 779

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴38970
₴37189
₴35782
₴35135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
13 992
health
-
-
-
1 849
social contributions
-
-
-
6 948
total
-
-
-
22 789
Employee
33 022
33 022
67 553
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 148
-
income
3 468
3 057
13 644
-
total
5 401
6 359
18 489
-
Employer
33 022
33 022
67 553
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 250
-
total
1 963
3 352
4 947
-
Corporate
51 208
36 127
-
-
income
6 401
4 516
-
-
total
6 401
4 516
-
-
Dividends
44 807
31 611
-
-
withholding
7 617
5 374
-
-
total
7 617
5 374
-
-
Income
72 500
72 500
72 500
72 500
Total tax
21 382
19 601
23 436
22 789
After tax
51 118
52 899
49 064
49 711
Living cost
13 929
13 929
13 929
13 929
Free-cash
37 189
38 970
35 135
35 782

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32955
₴33116
₴42445
₴34249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
8 863
pensions
-
-
-
7 250
unemployment
-
-
-
1 088
health
-
-
-
5 075
total
-
-
-
22 276
Employee

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
60 669
-
health
786
313
4 247
-
income
1 373
546
7 417
-
pensions
1 123
447
6 067
-
unemployment
168
67
910
-
total
3 450
1 373
18 641
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
60 669
-
pensions
2 190
871
11 831
-
total
2 190
871
11 831
-
Corporate
59 081
67 160
-
-
income
5 317
6 044
-
-
total
5 317
6 044
-
-
Dividends
53 764
61 115
-
-
social contributions
10 433
11 866
-
-
withholding
10 215
11 612
-
-
total
20 648
23 478
-
-
Income
72 500
72 500
72 500
72 500
Total tax
31 605
31 766
30 472
22 276
After tax
40 895
40 734
42 028
50 224
Living cost
7 779
7 779
7 779
7 779
Free-cash
33 116
32 955
34 249
42 445

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47628
₴44959
₴28488
₴31415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
9 715
pensions
-
-
-
14 500
health
-
-
-
9 425
total
-
-
-
33 640
Employee
12 182
-
54 185
-
income
1 372
-
10 447
-
pensions
244
-
1 084
-
unemployment
195
-
867
-
total
1 811
-
12 398
-
Employer
12 182
-
54 185
-
unemployment
98
-
434
-
pensions
2 437
-
10 837
-
health
1 583
-
7 044
-
total
4 118
-
18 315
-
Corporate
56 200
72 500
-
-
income
11 240
14 500
-
-
total
11 240
14 500
-
-
Dividends
44 960
58 000
-
-
total
-
-
-
-
Income
72 500
72 500
72 500
72 500
Total tax
17 169
14 500
30 713
33 640
After tax
55 331
58 000
41 787
38 860
Living cost
10 372
10 372
10 372
10 372
Free-cash
44 959
47 628
31 415
28 488

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3506
₴4436
₴40191
₴29910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
108
income
-
-
-
19 960
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
22 930
Employee
14 754
-
65 120
-
health
1 689
-
7 456
-
income
2 024
-
15 122
-
pensions
1 661
-
3 253
-
total
5 374
-
25 831
-
Employer
14 754
-
65 120
-
accident
246
-
1 088
-
unemployment
361
-
1 595
-
pensions
2 399
-
4 697
-
total
3 006
-
7 380
-
Corporate
54 739
72 500
-
-
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.

49 265
65 250
-
-
total
49 265
65 250
-
-
Dividends
5 474
7 250
-
-
withholding
1 040
1 377
-
-
total
1 040
1 377
-
-
Income
72 500
72 500
72 500
72 500
Total tax
58 685
66 627
33 211
22 930
After tax
13 815
5 873
39 289
49 570
Living cost
9 379
9 379
9 379
9 379
Free-cash
4 436
-3 506
29 910
40 191

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64961
₴64228
₴67861
₴54086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
72 500
microenterprise

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

-
-
-
725
total
-
-
-
725
Employee
4 892
-
72 500
-
income
978
-
14 500
-
total
978
-
14 500
-
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%.

67 608
72 500
-
-
total
-
-
-
-
Dividends
67 608
72 500
-
-
withholding
3 380
3 625
-
-
total
3 380
3 625
-
-
Income
72 500
72 500
72 500
72 500
Total tax
4 358
3 625
14 500
725
After tax
68 142
68 875
58 000
71 775
Living cost
3 914
3 914
3 914
3 914
Free-cash
64 228
64 961
54 086
67 861

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41823
₴38923
₴28513
₴29724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
10 896
pensions

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

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
32 544
Employee
15 592
-
57 907
-
health
218
-
811
-
income
2 684
-
11 298
-
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.

1 091
-
4 053
-
unemployment
156
-
579
-
total
4 149
-
16 741
-
Employer
15 592
-
57 907
-
accident
125
-
463
-
other
780
-
2 895
-
unemployment
156
-
579
-
pensions

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

2 651
-
9 844
-
health
218
-
811
-
total
3 930
-
14 592
-
Corporate
52 978
72 500
-
-
income
11 125
15 225
-
-
total
11 125
15 225
-
-
Dividends
41 853
57 275
-
-
withholding
2 930
4 009
-
-
total
2 930
4 009
-
-
Income
72 500
72 500
72 500
72 500
Total tax
22 134
19 234
31 333
32 544
After tax
50 366
53 266
41 167
39 956
Living cost
11 443
11 443
11 443
11 443
Free-cash
38 923
41 823
29 724
28 513

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18943
₴19476
₴19442
₴12861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
20 334
pensions
-
-
-
3 817
total
-
-
-
24 151
Employee
40 899
-
63 366
-
health
674
-
933
-
income
7 373
-
15 945
-
pensions
3 946
-
4 721
-
total
11 993
-
21 599
-
Employer
40 899
-
63 366
-
pensions
4 829
-
7 929
-
health
777
-
1 204
-
total
5 606
-
9 133
-
Corporate
25 995
72 500
-
-
income

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

4 939
13 775
-
-
total
4 939
13 775
-
-
Dividends
21 056
58 725
-
-
withholding
1 579
10 875
-
-
total
1 579
10 875
-
-
Income
72 500
72 500
72 500
72 500
Total tax
24 117
24 650
30 732
24 151
After tax
48 383
47 850
41 768
48 349
Living cost
28 907
28 907
28 907
28 907
Free-cash
19 476
18 943
12 861
19 442

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56358
₴54364
₴51991
₴54800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
10 875
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
14 880
Employee
7 454
-
69 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
6 956
-
pensions

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

654
-
1 317
-
total
1 824
-
9 128
-
Employer
7 454
-
69 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
63 583
72 500
-
-
income
6 358
7 250
-
-
total
6 358
7 250
-
-
Dividends
57 225
65 250
-
-
withholding
2 861
3 262
-
-
total
2 861
3 262
-
-
Income
72 500
72 500
72 500
72 500
Total tax
12 507
10 512
12 071
14 880
After tax
59 993
61 988
60 429
57 620
Living cost
5 629
5 629
5 629
5 629
Free-cash
54 364
56 358
54 800
51 991

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12035
₴13115
₴16432
₴21142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
21 929
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
32 255
Employee
39 814
36 672
64 519
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
9 238
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
19 564
-
Employer
39 814
36 672
64 519
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
25 715
29 406
-
-
income
5 143
5 881
-
-
total
5 143
5 881
-
-
Dividends
20 572
23 525
-
-
income
4 371
4 999
-
-
withholding
3 086
3 529
-
-
total
7 457
8 528
-
-
Income
72 500
72 500
72 500
72 500
Total tax
35 572
36 652
27 545
32 255
After tax
36 928
35 848
44 955
40 245
Living cost
23 813
23 813
23 813
23 813
Free-cash
13 115
12 035
21 142
16 432

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴39652
₴35992
₴30489
₴27316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
7 191
health
-
-
-
9 787
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 769
total
-
-
-
31 747
Employee
15 094
-
54 913
-
social contributions
981
-
3 288
-
health
2 038
-
7 413
-
solidarity contribution
-
-
-
-
income
1 811
-
6 632
-
total
4 830
-
17 333
-
Employer
15 094
-
54 913
-
social contributions
3 773
-
12 645
-
health
1 358
-
4 942
-
total
5 131
-
17 587
-
Corporate
52 274
72 500
-
-
income
9 932
13 775
-
-
total
9 932
13 775
-
-
Dividends
42 342
58 725
-
-
withholding
6 351
8 809
-
-
total
6 351
8 809
-
-
Income
72 500
72 500
72 500
72 500
Total tax
26 244
22 584
34 920
31 747
After tax
46 256
49 916
37 580
40 753
Living cost
10 264
10 264
10 264
10 264
Free-cash
35 992
39 652
27 316
30 489

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20560
₴18319
₴16712
₴13437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
431
regional
-
-
-
853
national
-
-
-
17 736
social contributions
-
-
-
18 647
total
-
-
-
37 667
Employee
38 166
-
72 500
-
social contributions
12 869
-
24 447
-
regional
360
-
752
-
municipal
202
-
385
-
national
6 613
-
15 358
-
total
20 044
-
40 942
-
Employer
38 166
-
72 500
-
total
-
-
-
-
Corporate
34 334
72 500
-
-
nationa
8 241
17 400
-
-
municipal
1 339
2 828
-
-
total
9 580
20 228
-
-
Dividends
24 755
52 272
-
-
withholding
6 436
13 591
-
-
total
6 436
13 591
-
-
Income
72 500
72 500
72 500
72 500
Total tax
36 060
33 819
40 942
37 667
After tax
36 440
38 681
31 558
34 833
Living cost
18 121
18 121
18 121
18 121
Free-cash
18 319
20 560
13 437
16 712

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36127
₴34790
₴24873
₴22221
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
19 561
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
2 960
total
-
-
-
38 151
Employee
14 201
-
60 436
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
2 473
-
income
2 380
-
16 993
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
28 739
-
Employer
14 201
-
60 436
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
55 310
72 500
-
-
income
14 380
18 850
-
-
total
14 380
18 850
-
-
Dividends
40 929
53 650
-
-
withholding
6 140
8 047
-
-
total
6 140
8 047
-
-
Income
72 500
72 500
72 500
72 500
Total tax
28 234
26 897
40 803
38 151
After tax
44 266
45 603
31 697
34 349
Living cost
9 476
9 476
9 476
9 476
Free-cash
34 790
36 127
22 221
24 873

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28101
₴30955
₴28600
₴22019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
20 334
pensions
-
-
-
3 817
total
-
-
-
24 151
Employee
27 410
-
63 366
-
health
398
-
933
-
income
4 937
-
15 945
-
pensions
2 326
-
4 721
-
total
7 661
-
21 599
-
Employer
27 410
-
63 366
-
pensions
2 967
-
7 929
-
health
521
-
1 204
-
total
3 488
-
9 133
-
Corporate
41 603
72 500
-
-
income

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

7 905
13 775
-
-
total
7 905
13 775
-
-
Dividends
33 698
58 725
-
-
withholding
2 742
10 875
-
-
total
2 742
10 875
-
-
Income
72 500
72 500
72 500
72 500
Total tax
21 796
24 650
30 732
24 151
After tax
50 704
47 850
41 768
48 349
Living cost
19 749
19 749
19 749
19 749
Free-cash
30 955
28 101
22 019
28 600

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴355
₴14388
₴26044
₴22641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
city
-
-
-
764
pensions
-
-
-
6 670
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.

-
-
-
1 450
regional
-
-
-
3 502
health
-
-
-
163
national
-
-
-
1 110
total
-
-
-
13 659
Employee
38 381
-
64 892
-
city
412
-
697
-
regional
1 257
-
3 024
-
health
87
-
146
-
pensions
3 224
-
5 451
-
unemployment
-
-
-
-
national
182
-
849
-
total
5 162
-
10 167
-
Employer
38 381
-
64 892
-
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.

767
-
1 298
-
unemployment
-
-
-
-
pensions
3 224
-
5 451
-
health
87
-
146
-
total
4 078
-
6 895
-
Corporate
29 619
72 500
-
-
regional
6 264
15 334
-
-
national
2 518
6 163
-
-
total
8 782
21 497
-
-
Dividends
20 837
51 003
-
-
withholding
7 293
17 851
-
-
total
7 293
17 851
-
-
Income
72 500
72 500
72 500
72 500
Total tax
25 315
39 348
17 062
13 659
After tax
47 185
33 152
55 438
58 841
Living cost
32 797
32 797
32 797
32 797
Free-cash
14 388
355
22 641
26 044

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16153
₴23115
₴17608
₴26618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
trade
-
-
-
9 010
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.

-
-
-
22 062
health

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

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

-
-
-
2 934
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.

-
-
-
1 213
total
-
-
-
35 219
Employee

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

25 808
-
72 500
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
1 213
-
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.

3 035
-
22 062
-
total
6 136
-
26 209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 692
72 500
-
-
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.

385
598
-
-
income
7 004
10 875
-
-
trade
8 008
12 433
-
-
chamber of commerce
131
167
-
-
total
15 528
24 073
-
-
Dividends
31 164
48 426
-
-
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.

420
657
-
-
withholding
7 628
11 944
-
-
total
8 048
12 601
-
-
Income
72 500
72 500
72 500
72 500
Total tax
29 712
36 674
26 209
35 219
After tax
42 788
35 826
46 291
37 281
Living cost
19 673
19 673
19 673
19 673
Free-cash
23 115
16 153
26 618
17 608

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21848
₴24384
₴26215
₴25495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
11 085
pensions
-
-
-
13 227
other
-
-
-
2 248
health
-
-
-
2 967
surtax
-
-
-
-
social contributions
-
-
-
2 066
total
-
-
-
31 593
Employee
18 379
-
56 355
-
social contributions
524
-
1 606
-
surtax
-
-
-
-
income
1 085
-
10 743
-
pensions
2 078
-
3 817
-
total
3 687
-
16 166
-
Employer
18 379
-
56 355
-
other
634
-
2 155
-
social contributions
55
-
169
-
unemployment
744
-
2 283
-
pensions
3 019
-
6 445
-
health
1 287
-
5 095
-
total
5 739
-
16 147
-
Corporate
48 381
72 500
-
-
surtax
-
-
-
-
income
13 547
20 300
-
-
total
13 547
20 300
-
-
Dividends
34 835
52 200
-
-
surtax
-
-
-
-
social contributions
5 992
8 978
-
-
withholding
4 459
6 682
-
-
total
10 451
15 660
-
-
Income
72 500
72 500
72 500
72 500
Total tax
33 424
35 960
32 313
31 593
After tax
39 076
36 540
40 187
40 907
Living cost
14 692
14 692
14 692
14 692
Free-cash
24 384
21 848
25 495
26 215

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23303
₴25689
₴27670
₴26950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
11 085
pensions
-
-
-
13 227
other
-
-
-
2 248
health
-
-
-
2 967
surtax
-
-
-
-
social contributions
-
-
-
2 066
total
-
-
-
31 593
Employee
16 406
-
56 355
-
social contributions
468
-
1 606
-
surtax
-
-
-
-
income
846
-
10 743
-
pensions
1 856
-
3 817
-
total
3 170
-
16 166
-
Employer
16 406
-
56 355
-
other
566
-
2 155
-
social contributions
49
-
169
-
unemployment
664
-
2 283
-
pensions
2 696
-
6 445
-
health
1 148
-
5 095
-
total
5 123
-
16 147
-
Corporate
50 970
72 500
-
-
surtax
-
-
-
-
income
14 272
20 300
-
-
total
14 272
20 300
-
-
Dividends
36 699
52 200
-
-
surtax
-
-
-
-
social contributions
6 312
8 978
-
-
withholding
4 697
6 682
-
-
total
11 009
15 660
-
-
Income
72 500
72 500
72 500
72 500
Total tax
33 574
35 960
32 313
31 593
After tax
38 926
36 540
40 187
40 907
Living cost
13 237
13 237
13 237
13 237
Free-cash
25 689
23 303
26 950
27 670

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35126
₴35348
₴37453
₴36050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
10 875
health
-
-
-
5 061
social contributions
-
-
-
10 005
total
-
-
-
25 941
Employee
14 560
-
72 500
-
social contributions
2 010
-
10 005
-
health
1 016
-
5 061
-
income
2 429
-
12 278
-
total
5 455
-
27 344
-
Employer
14 560
-
72 500
-
total
-
-
-
-
Corporate
57 940
72 500
-
-
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%.

2 897
3 625
-
-
total
2 897
3 625
-
-
Dividends
55 042
68 875
-
-
health
3 842
4 807
-
-
social contributions
7 596
9 505
-
-
withholding
8 256
10 331
-
-
total
19 694
24 643
-
-
Income
72 500
72 500
72 500
72 500
Total tax
28 046
28 268
27 344
25 941
After tax
44 454
44 232
45 156
46 559
Living cost
9 106
9 106
9 106
9 106
Free-cash
35 348
35 126
36 050
37 453

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25015
₴24347
₴22069
₴4098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
chamber of commerce
-
-
-
290
income
-
-
-
19 171
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
35 299
Employee
21 461
17 114
57 446
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
15 177
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
24 262
-
Employer
21 461
17 114
57 446
-
accident
279
222
652
-
other
1 019
812
2 666
-
chamber of commerce
86
68
230
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
1 724
-
health
811
647
1 896
-
total
6 261
5 008
15 054
-
Corporate
44 778
50 376
55 816
-
income

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

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

11 195
12 594
13 954
-
total
11 195
12 594
13 954
-
Dividends
33 584
37 782
-
-
withholding
9 236
10 390
-
-
total
9 236
10 390
-
-
Income
72 500
72 500
72 500
72 500
Total tax
33 021
32 353
53 270
35 299
After tax
39 479
40 147
19 230
37 201
Living cost
15 132
15 132
15 132
15 132
Free-cash
24 347
25 015
4 098
22 069

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24895
₴18456
₴15753
₴10042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
national
-
-
-
26 674
communal

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

-
-
-
3 708
social contributions
-
-
-
10 707
total
-
-
-
41 089
Employee

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

30 718
-
56 154
-
communal

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

1 602
-
2 929
-
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.

1 443
-
2 639
-
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.

2 304
-
4 212
-
unemployment

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

267
-
488
-
national
9 444
-
20 186
-
total
15 060
-
30 454
-
Employer

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

30 718
-
56 154
-
accident

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

399
-
730
-
unemployment

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

448
-
820
-
surtax
3 483
-
6 368
-
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.

2 722
-
4 975
-
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.

1 889
-
3 453
-
total
8 941
-
16 346
-
Corporate
32 841
72 500
-
-
surtax
131
290
-
-
income
6 568
14 500
-
-
total
6 699
14 790
-
-
Dividends
26 141
57 710
-
-
withholding

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

7 686
17 157
-
-
total
7 686
17 157
-
-
Income
72 500
72 500
72 500
72 500
Total tax
38 386
31 947
46 800
41 089
After tax
34 114
40 553
25 700
31 411
Living cost
15 658
15 658
15 658
15 658
Free-cash
18 456
24 895
10 042
15 753

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32855
₴29852
₴25212
₴23410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
359
income
-
-
-
19 837
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
31 779
Employee
21 376
-
59 811
-
other
21
-
40
-
income
4 510
-
18 363
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
20 891
-
Employer
21 376
-
59 811
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
44 310
72 500
-
-
income

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

6 647
10 875
-
-
total
6 647
10 875
-
-
Dividends
37 663
61 625
-
-
withholding
7 811
13 261
-
-
total
7 811
13 261
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 139
24 136
33 581
31 779
After tax
45 361
48 364
38 919
40 721
Living cost
15 509
15 509
15 509
15 509
Free-cash
29 852
32 855
23 410
25 212

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19274
₴13928
₴12860
₴15749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
611
income
-
-
-
11 555
pensions
-
-
-
10 867
health
-
-
-
5 094
surtax
-
-
-
3 594
communal
-
-
-
4 582
total
-
-
-
36 303
Employee
32 521
-
64 761
-
health
1 447
-
2 882
-
surtax
1 993
-
3 969
-
income
3 141
-
13 643
-
pensions
2 601
-
5 181
-
total
9 182
-
25 675
-
Employer
32 521
-
64 761
-
accident
293
-
583
-
pensions
2 601
-
5 181
-
health
992
-
1 975
-
total
3 886
-
7 739
-
Corporate
36 094
72 500
-
-
surtax
379
761
-
-
communal
2 437
4 894
-
-
income
5 414
10 875
-
-
total
8 230
16 530
-
-
Dividends
27 864
55 970
-
-
income
9 757
4 964
-
-
withholding
4 180
8 395
-
-
total
13 937
13 359
-
-
Income
72 500
72 500
72 500
72 500
Total tax
35 235
29 889
33 414
36 303
After tax
37 265
42 611
39 086
36 197
Living cost
23 337
23 337
23 337
23 337
Free-cash
13 928
19 274
15 749
12 860

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Source

Source of data for Luxembourg model

Close
Athens , Greece
₴35957
₴34591
₴24703
₴22051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
19 561
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
2 960
total
-
-
-
38 151
Employee
14 462
-
60 436
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
2 473
-
income
2 424
-
16 993
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
28 739
-
Employer
14 462
-
60 436
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
54 994
72 500
-
-
income
14 298
18 850
-
-
total
14 298
18 850
-
-
Dividends
40 695
53 650
-
-
withholding
6 105
8 047
-
-
total
6 105
8 047
-
-
Income
72 500
72 500
72 500
72 500
Total tax
28 263
26 897
40 803
38 151
After tax
44 237
45 603
31 697
34 349
Living cost
9 646
9 646
9 646
9 646
Free-cash
34 591
35 957
22 051
24 703

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴26539
₴25585
₴23025
₴19767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
431
regional
-
-
-
1 093
national
-
-
-
17 736
social contributions
-
-
-
18 647
total
-
-
-
37 907
Employee
23 821
-
72 500
-
social contributions
8 033
-
24 447
-
regional
321
-
975
-
municipal
126
-
385
-
national
3 774
-
15 358
-
total
12 254
-
41 165
-
Employer
23 821
-
72 500
-
total
-
-
-
-
Corporate
48 679
72 500
-
-
nationa
11 683
17 400
-
-
municipal
2 420
3 604
-
-
total
14 103
21 004
-
-
Dividends
34 576
51 497
-
-
withholding
8 990
13 389
-
-
total
8 990
13 389
-
-
Income
72 500
72 500
72 500
72 500
Total tax
35 347
34 393
41 165
37 907
After tax
37 153
38 107
31 335
34 593
Living cost
11 568
11 568
11 568
11 568
Free-cash
25 585
26 539
19 767
23 025

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37268
₴32756
₴28105
₴24932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
7 191
health
-
-
-
9 787
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 769
total
-
-
-
31 747
Employee
18 600
-
54 913
-
social contributions
1 209
-
3 288
-
health
2 511
-
7 413
-
solidarity contribution
-
-
-
-
income
2 232
-
6 632
-
total
5 952
-
17 333
-
Employer
18 600
-
54 913
-
social contributions
4 650
-
12 645
-
health
1 674
-
4 942
-
total
6 324
-
17 587
-
Corporate
47 576
72 500
-
-
income
9 039
13 775
-
-
total
9 039
13 775
-
-
Dividends
38 537
58 725
-
-
withholding
5 781
8 809
-
-
total
5 781
8 809
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 096
22 584
34 920
31 747
After tax
45 404
49 916
37 580
40 753
Living cost
12 648
12 648
12 648
12 648
Free-cash
32 756
37 268
24 932
28 105

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26492
₴26278
₴23585
₴5555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
chamber of commerce
-
-
-
290
income
-
-
-
19 171
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
35 214
Employee
18 772
17 114
57 525
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
15 210
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
24 295
-
Employer
18 772
17 114
57 525
-
accident
244
222
652
-
other
892
812
2 670
-
chamber of commerce
75
68
230
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
1 726
-
health
710
647
1 896
-
total
5 403
4 923
14 975
-
Corporate
48 326
50 461
55 895
-
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.

12 081
12 615
13 974
-
total
12 081
12 615
13 974
-
Dividends
36 244
37 846
-
-
withholding
9 967
10 408
-
-
total
9 967
10 408
-
-
Income
72 500
72 500
72 500
72 500
Total tax
32 521
32 307
53 244
35 214
After tax
39 979
40 193
19 256
37 286
Living cost
13 701
13 701
13 701
13 701
Free-cash
26 278
26 492
5 555
23 585

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62776
₴61632
₴65676
₴51901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
72 500
microenterprise

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

-
-
-
725
total
-
-
-
725
Employee
7 624
-
72 500
-
income
1 525
-
14 500
-
total
1 525
-
14 500
-
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%.

64 876
72 500
-
-
total
-
-
-
-
Dividends
64 876
72 500
-
-
withholding
3 244
3 625
-
-
total
3 244
3 625
-
-
Income
72 500
72 500
72 500
72 500
Total tax
4 769
3 625
14 500
725
After tax
67 731
68 875
58 000
71 775
Living cost
6 099
6 099
6 099
6 099
Free-cash
61 632
62 776
51 901
65 676

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38398
₴34807
₴24052
₴22131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
income
-
-
-
16 448
pensions
-
-
-
13 240
unemployment
-
-
-
108
health
-
-
-
7 134
total
-
-
-
36 930
Employee

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

18 990
-
62 732
-
health
1 226
-
4 053
-
income
3 275
-
15 219
-
pensions
2 944
-
9 724
-
unemployment
27
-
88
-
total
7 472
-
29 084
-
Employer

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

18 990
-
62 732
-
unemployment
11
-
37
-
pensions
1 680
-
5 552
-
health
1 265
-
4 178
-
total
2 956
-
9 767
-
Corporate
50 554
72 500
-
-
income
9 605
13 775
-
-
total
9 605
13 775
-
-
Dividends
40 949
58 725
-
-
withholding
6 142
8 809
-
-
total
6 142
8 809
-
-
Income
72 500
72 500
72 500
72 500
Total tax
26 175
22 584
38 851
36 930
After tax
46 325
49 916
33 649
35 570
Living cost
11 518
11 518
11 518
11 518
Free-cash
34 807
38 398
22 131
24 052

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25557
₴5106
₴31551
₴48292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
14 132
social contributions
-
-
-
8 265
total
-
-
-
22 397
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
8 392
72 500
-
-
income
1 846
15 950
-
-
total
1 846
15 950
-
-
Dividends
6 546
56 550
-
-
income
1 440
12 441
-
-
total
1 440
12 441
-
-
Income
72 500
72 500
72 500
72 500
Total tax
48 842
28 391
5 656
22 397
After tax
23 658
44 109
66 844
50 103
Living cost
18 552
18 552
18 552
18 552
Free-cash
5 106
25 557
48 292
31 551

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27768
₴27335
₴25490
₴20062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
income
-
-
-
8 346
surtax
-
-
-
-
social contributions

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

-
-
-
25 194
total
-
-
-
33 540
Employee
19 751
-
58 586
-
social contributions
2 173
-
6 445
-
surtax
-
-
-
-
income
4 108
-
18 609
-
total
6 281
-
25 054
-
Employer
19 751
-
58 586
-
social contributions
4 691
-
13 914
-
total
4 691
-
13 914
-
Corporate
48 059
72 500
-
-
surtax
-
-
-
-
income
10 092
15 225
-
-
total
10 092
15 225
-
-
Dividends
37 966
57 275
-
-
withholding
10 631
16 037
-
-
total
10 631
16 037
-
-
Income
72 500
72 500
72 500
72 500
Total tax
31 695
31 262
38 968
33 540
After tax
40 805
41 238
33 532
38 960
Living cost
13 470
13 470
13 470
13 470
Free-cash
27 335
27 768
20 062
25 490

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15799
₴18751
₴20166
₴19446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
11 085
pensions
-
-
-
13 227
other
-
-
-
2 248
health
-
-
-
2 967
surtax
-
-
-
-
social contributions
-
-
-
2 066
total
-
-
-
31 593
Employee
26 896
-
56 355
-
social contributions
766
-
1 606
-
surtax
-
-
-
-
income
2 347
-
10 743
-
pensions
3 042
-
3 817
-
total
6 155
-
16 166
-
Employer
26 896
-
56 355
-
other
928
-
2 155
-
social contributions
81
-
169
-
unemployment
1 090
-
2 283
-
pensions
4 419
-
6 445
-
health
1 883
-
5 095
-
total
8 401
-
16 147
-
Corporate
37 203
72 500
-
-
surtax
-
-
-
-
income
10 417
20 300
-
-
total
10 417
20 300
-
-
Dividends
26 786
52 200
-
-
surtax
-
-
-
-
social contributions
4 607
8 978
-
-
withholding
3 428
6 682
-
-
total
8 035
15 660
-
-
Income
72 500
72 500
72 500
72 500
Total tax
33 008
35 960
32 313
31 593
After tax
39 492
36 540
40 187
40 907
Living cost
20 741
20 741
20 741
20 741
Free-cash
18 751
15 799
19 446
20 166

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52341
₴50898
₴40594
₴42520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
3 047
social contributions
-
-
-
15 950
total
-
-
-
18 997
Employee
13 806
-
62 770
-
income
-
-
3 261
-
social contributions
897
-
4 080
-
total
897
-
7 341
-
Employer
13 806
-
62 770
-
social contributions
2 140
-
9 730
-
total
2 140
-
9 730
-
Corporate
56 554
72 500
-
-
income
5 656
7 250
-
-
total
5 656
7 250
-
-
Dividends
50 898
65 250
-
-
total
-
-
-
-
Income
72 500
72 500
72 500
72 500
Total tax
8 693
7 250
17 071
18 997
After tax
63 807
65 250
55 429
53 503
Living cost
12 909
12 909
12 909
12 909
Free-cash
50 898
52 341
42 520
40 594

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21058
-₴21058
₴22261
-₴21058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
15 009
pensions
-
-
-
372
national
-
-
-
8 408
labour market
-
-
-
5 770
total
-
-
-
29 559
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
72 500
72 500
72 500
72 500
Total tax
72 878
72 878
72 878
29 559
After tax
-378
-378
-378
42 941
Living cost
20 680
20 680
20 680
20 680
Free-cash
-21 058
-21 058
-21 058
22 261

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3368
₴4454
₴40329
₴30048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
108
income
-
-
-
19 960
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
22 930
Employee
14 536
-
65 120
-
health
1 665
-
7 456
-
income
1 994
-
15 122
-
pensions
1 637
-
3 253
-
total
5 296
-
25 831
-
Employer
14 536
-
65 120
-
accident
243
-
1 088
-
unemployment
356
-
1 595
-
pensions
2 364
-
4 697
-
total
2 963
-
7 380
-
Corporate
55 001
72 500
-
-
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.

49 501
65 250
-
-
total
49 501
65 250
-
-
Dividends
5 500
7 250
-
-
withholding
1 045
1 377
-
-
total
1 045
1 377
-
-
Income
72 500
72 500
72 500
72 500
Total tax
58 805
66 627
33 211
22 930
After tax
13 695
5 873
39 289
49 570
Living cost
9 241
9 241
9 241
9 241
Free-cash
4 454
-3 368
30 048
40 329

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29138
₴30140
₴30731
₴21746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
72 500
municipal
-
-
-
12 882
health
-
-
-
937
national
-
-
-
11 463
total
-
-
-
25 282
Employee
22 594
-
60 991
-
health
169
-
760
-
municipal
3 701
-
9 936
-
pensions
1 525
-
4 117
-
unemployment
339
-
915
-
national
373
-
7 031
-
total
6 107
-
22 759
-
Employer
22 594
-
60 991
-
accident
23
-
61
-
unemployment
147
-
396
-
pensions
3 920
-
10 582
-
health
174
-
469
-
total
4 264
-
11 508
-
Corporate
45 644
72 500
-
-
income
9 129
14 500
-
-
total
9 129
14 500
-
-
Dividends

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

27 386
43 500
-
-
national
1 443
4 545
-
-
municipal
4 930
7 830
-
-
total
6 373
12 375
-
-
Income
72 500
72 500
72 500
72 500
Total tax
25 873
26 875
34 267
25 282
After tax
46 627
45 625
38 233
47 218
Living cost
16 487
16 487
16 487
16 487
Free-cash
30 140
29 138
21 746
30 731

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42956
₴40621
₴39768
₴39121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
13 992
health
-
-
-
1 849
social contributions
-
-
-
6 948
total
-
-
-
22 789
Employee
33 022
33 022
67 553
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 148
-
income
3 595
3 057
13 644
-
total
5 099
6 359
18 489
-
Employer
33 022
33 022
67 553
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 250
-
total
1 526
3 352
4 947
-
Corporate
55 931
36 127
-
-
income
6 991
4 516
-
-
total
6 991
4 516
-
-
Dividends
48 940
31 611
-
-
withholding
8 320
5 374
-
-
total
8 320
5 374
-
-
Income
72 500
72 500
72 500
72 500
Total tax
21 936
19 601
23 436
22 789
After tax
50 564
52 899
49 064
49 711
Living cost
9 943
9 943
9 943
9 943
Free-cash
40 621
42 956
39 121
39 768

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53219
₴51034
₴54033
₴45420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
72 500
income
-
-
-
7 351
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
11 649
Employee

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

9 857
-
68 303
-
health
838
-
3 463
-
income
674
-
6 286
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
16 065
-
Employer

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

9 857
-
68 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
61 628
72 500
-
-
income
5 546
6 525
-
-
total
5 546
6 525
-
-
Dividends
56 082
65 975
-
-
withholding
5 048
5 938
-
-
total
5 048
5 938
-
-
Income
72 500
72 500
72 500
72 500
Total tax
14 648
12 463
20 262
11 649
After tax
57 852
60 037
52 238
60 851
Living cost
6 818
6 818
6 818
6 818
Free-cash
51 034
53 219
45 420
54 033

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36555
₴34659
₴28912
₴27110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
359
income
-
-
-
19 837
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
31 779
Employee
15 879
-
59 811
-
other
15
-
40
-
income
3 061
-
18 363
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
20 891
-
Employer
15 879
-
59 811
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
51 559
72 500
-
-
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.

7 734
10 875
-
-
total
7 734
10 875
-
-
Dividends
43 825
61 625
-
-
withholding
9 167
13 261
-
-
total
9 167
13 261
-
-
Income
72 500
72 500
72 500
72 500
Total tax
26 032
24 136
33 581
31 779
After tax
46 468
48 364
38 919
40 721
Living cost
11 809
11 809
11 809
11 809
Free-cash
34 659
36 555
27 110
28 912

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44065
₴43871
₴45260
₴45176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
24 586
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
26 065
Employee
1 790
-
71 536
-
health
90
-
214
-
income
346
-
24 541
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
25 184
-
Employer
1 790
-
71 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
70 307
72 500
-
-
income
15 468
15 950
-
-
total
15 468
15 950
-
-
Dividends
54 840
56 550
-
-
withholding
10 968
11 310
-
-
total
10 968
11 310
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 454
27 260
26 149
26 065
After tax
45 046
45 240
46 351
46 435
Living cost
1 175
1 175
1 175
1 175
Free-cash
43 871
44 065
45 176
45 260

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44961
₴42851
₴36761
₴36761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
income
-
-
-
16 333
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
28 319
Employee

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

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

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

11 188
-
66 825
-
health
576
-
1 633
-
income
1 542
-
16 333
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
22 643
-
Employer

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

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

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

11 188
-
66 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
59 309
72 500
-
-
income
8 896
10 875
-
-
total
8 896
10 875
-
-
Dividends
50 413
61 625
-
-
withholding
7 562
9 244
-
-
total
7 562
9 244
-
-
Income
72 500
72 500
72 500
72 500
Total tax
22 229
20 119
28 319
28 319
After tax
50 271
52 381
44 181
44 181
Living cost
7 420
7 420
7 420
7 420
Free-cash
42 851
44 961
36 761
36 761

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴29661
₴29506
₴27383
₴21955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
income
-
-
-
8 346
surtax
-
-
-
-
social contributions

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

-
-
-
25 194
total
-
-
-
33 540
Employee
16 667
-
58 586
-
social contributions
1 834
-
6 445
-
surtax
-
-
-
-
income
3 257
-
18 609
-
total
5 091
-
25 054
-
Employer
16 667
-
58 586
-
social contributions
3 958
-
13 914
-
total
3 958
-
13 914
-
Corporate
51 874
72 500
-
-
surtax
-
-
-
-
income
10 893
15 225
-
-
total
10 893
15 225
-
-
Dividends
40 981
57 275
-
-
withholding
11 475
16 037
-
-
total
11 475
16 037
-
-
Income
72 500
72 500
72 500
72 500
Total tax
31 417
31 262
38 968
33 540
After tax
41 083
41 238
33 532
38 960
Living cost
11 577
11 577
11 577
11 577
Free-cash
29 506
29 661
21 955
27 383

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33272
₴30414
₴25629
₴23827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
359
income
-
-
-
19 837
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
31 779
Employee
20 740
-
59 811
-
other
20
-
40
-
income
4 332
-
18 363
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
20 891
-
Employer
20 740
-
59 811
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
45 148
72 500
-
-
income

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

6 772
10 875
-
-
total
6 772
10 875
-
-
Dividends
38 376
61 625
-
-
withholding
7 961
13 261
-
-
total
7 961
13 261
-
-
Income
72 500
72 500
72 500
72 500
Total tax
26 994
24 136
33 581
31 779
After tax
45 506
48 364
38 919
40 721
Living cost
15 092
15 092
15 092
15 092
Free-cash
30 414
33 272
23 827
25 629

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54602
₴51985
₴50234
₴53043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
10 875
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
14 880
Employee
9 780
-
69 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
6 956
-
pensions

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

859
-
1 317
-
total
2 394
-
9 128
-
Employer
9 780
-
69 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
60 801
72 500
-
-
income
6 080
7 250
-
-
total
6 080
7 250
-
-
Dividends
54 721
65 250
-
-
withholding
2 736
3 262
-
-
total
2 736
3 262
-
-
Income
72 500
72 500
72 500
72 500
Total tax
13 129
10 512
12 071
14 880
After tax
59 371
61 988
60 429
57 620
Living cost
7 386
7 386
7 386
7 386
Free-cash
51 985
54 602
53 043
50 234

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20739
₴26356
₴22173
₴29712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
trade
-
-
-
7 539
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.

-
-
-
22 062
health

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

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

-
-
-
2 934
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.

-
-
-
1 213
total
-
-
-
33 748
Employee

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

21 367
-
72 500
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
1 213
-
income

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

1 757
-
22 062
-
total
4 788
-
26 209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 133
72 500
-
-
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.

422
598
-
-
income
7 670
10 875
-
-
trade
7 338
10 403
-
-
chamber of commerce
140
171
-
-
total
15 570
22 047
-
-
Dividends
35 563
50 452
-
-
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.

480
685
-
-
withholding
8 727
12 450
-
-
total
9 207
13 135
-
-
Income
72 500
72 500
72 500
72 500
Total tax
29 565
35 182
26 209
33 748
After tax
42 935
37 318
46 291
38 752
Living cost
16 579
16 579
16 579
16 579
Free-cash
26 356
20 739
29 712
22 173

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26286
₴27234
₴14112
₴14112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
21 902
social contributions
-
-
-
12 023
total
-
-
-
33 925
Employee
33 591
-
72 500
-
income
6 339
-
21 902
-
social contributions
2 791
-
12 023
-
total
9 130
-
33 925
-
Employer
33 591
-
72 500
-
total
-
-
-
-
Corporate
38 909
72 500
-
-
income
4 864
9 063
-
-
total
4 864
9 063
-
-
Dividends
34 045
63 437
-
-
withholding
6 809
12 688
-
-
total
6 809
12 688
-
-
Income
72 500
72 500
72 500
72 500
Total tax
20 803
21 751
33 925
33 925
After tax
51 697
50 749
38 575
38 575
Living cost
24 463
24 463
24 463
24 463
Free-cash
27 234
26 286
14 112
14 112

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29267
₴30767
₴41809
₴36152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
70 525
-
income
2 138
-
16 809
-
social contributions
1 974
-
1 975
-
total
4 112
-
18 784
-
Employer
19 700
-
70 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
50 826
72 500
-
-
income
17 789
25 375
-
-
total
17 789
25 375
-
-
Dividends
33 037
47 125
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
72 500
72 500
72 500
72 500
Total tax
26 144
27 644
20 759
15 102
After tax
46 356
44 856
51 741
57 398
Living cost
15 589
15 589
15 589
15 589
Free-cash
30 767
29 267
36 152
41 809

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
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.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31795
₴34355
₴32294
₴25713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
income
-
-
-
20 334
pensions
-
-
-
3 817
total
-
-
-
24 151
Employee
22 038
-
63 366
-
health
287
-
933
-
income
4 013
-
15 945
-
pensions
1 682
-
4 721
-
total
5 982
-
21 599
-
Employer
22 038
-
63 366
-
pensions
2 227
-
7 929
-
health
419
-
1 204
-
total
2 646
-
9 133
-
Corporate
47 817
72 500
-
-
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.

9 085
13 775
-
-
total
9 085
13 775
-
-
Dividends
38 732
58 725
-
-
withholding
4 377
10 875
-
-
total
4 377
10 875
-
-
Income
72 500
72 500
72 500
72 500
Total tax
22 090
24 650
30 732
24 151
After tax
50 410
47 850
41 768
48 349
Living cost
16 055
16 055
16 055
16 055
Free-cash
34 355
31 795
25 713
32 294

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4283
₴4315
₴39414
₴29133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
accident
-
-
-
108
income
-
-
-
19 960
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
22 930
Employee
15 975
-
65 120
-
health
1 829
-
7 456
-
income
2 192
-
15 122
-
pensions
1 799
-
3 253
-
total
5 820
-
25 831
-
Employer
15 975
-
65 120
-
accident
267
-
1 088
-
unemployment
391
-
1 595
-
pensions
2 597
-
4 697
-
total
3 255
-
7 380
-
Corporate
53 269
72 500
-
-
income

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

47 942
65 250
-
-
total
47 942
65 250
-
-
Dividends
5 327
7 250
-
-
withholding
1 012
1 377
-
-
total
1 012
1 377
-
-
Income
72 500
72 500
72 500
72 500
Total tax
58 029
66 627
33 211
22 930
After tax
14 471
5 873
39 289
49 570
Living cost
10 156
10 156
10 156
10 156
Free-cash
4 315
-4 283
29 133
39 414

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55222
₴53218
₴35962
₴45384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
72 500
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
11 909
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
30 751
Employee

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

9 259
-
72 500
-
work injury
46
-
171
-
income
926
-
11 909
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
21 329
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 241
72 500
-
-
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%.

632
725
-
-
total
632
725
-
-
Dividends
62 609
71 775
-
-
withholding
9 391
10 766
-
-
total
9 391
10 766
-
-
Income
72 500
72 500
72 500
72 500
Total tax
13 495
11 491
21 329
30 751
After tax
59 005
61 009
51 171
41 749
Living cost
5 787
5 787
5 787
5 787
Free-cash
53 218
55 222
45 384
35 962

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21080
₴19127
₴16867
₴13684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
72 500
municipal
-
-
-
485
regional
-
-
-
1 657
national
-
-
-
17 736
social contributions
-
-
-
18 647
total
-
-
-
38 525
Employee
36 187
-
72 500
-
social contributions
12 202
-
24 447
-
regional
546
-
1 470
-
municipal
216
-
433
-
national
6 115
-
15 358
-
total
19 079
-
41 708
-
Employer
36 187
-
72 500
-
total
-
-
-
-
Corporate
36 313
72 500
-
-
nationa
8 715
17 400
-
-
municipal
1 750
3 494
-
-
total
10 465
20 894
-
-
Dividends
25 848
51 606
-
-
withholding
6 721
13 418
-
-
total
6 721
13 418
-
-
Income
72 500
72 500
72 500
72 500
Total tax
36 265
34 312
41 708
38 525
After tax
36 235
38 188
30 792
33 975
Living cost
17 108
17 108
17 108
17 108
Free-cash
19 127
21 080
13 684
16 867

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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