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
₴ 73000
per

Your estimated
City
free-cash

Dresden , Germany
₴27003
₴32198
₴24450
₴21339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax

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

-
-
-
1 137
health

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

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

-
-
-
3 498
income

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

-
-
-
20 660
trade
-
-
-
7 748
total
-
-
-
33 043
Employee

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

19 582
-
73 000
-
income

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

547
-
20 660
-
surtax

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

30
-
1 137
-
health

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

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

3 498
-
3 498
-
total
4 075
-
25 295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 418
73 000
-
-
surtax

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

441
602
-
-
chamber of commerce
154
183
-
-
income
8 013
10 950
-
-
trade
8 413
11 498
-
-
total
17 021
23 233
-
-
Dividends
36 397
49 768
-
-
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.

490
673
-
-
withholding
8 904
12 248
-
-
total
9 394
12 921
-
-
Income
73 000
73 000
73 000
73 000
Total tax
30 490
36 154
25 295
33 043
After tax
42 510
36 846
47 705
39 957
Living cost
15 507
15 507
15 507
15 507
Free-cash
27 003
21 339
32 198
24 450

Estimated living cost  is ₴15507 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1808
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴16767
₴15782
₴15209
₴17237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
12 114
pensions
-
-
-
8 760
municipal
-
-
-
7 817
social contributions
-
-
-
785
total
-
-
-
29 476
Employee
43 893
-
63 108
-
pensions
1 756
-
2 524
-
national
8 401
-
12 552
-
municipal
5 421
-
8 100
-
total
15 578
-
23 176
-
Employer
43 893
-
63 108
-
social contributions
472
-
678
-
pensions
3 511
-
5 049
-
total
3 983
-
5 727
-
Corporate
22 227
73 000
-
-
income

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

4 445
14 600
-
-
total
4 445
14 600
-
-
Dividends
17 782
58 400
-
-
withholding
3 912
12 848
-
-
total
3 912
12 848
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 918
27 448
28 903
29 476
After tax
45 082
45 552
44 097
43 524
Living cost
28 315
28 315
28 315
28 315
Free-cash
16 767
17 237
15 782
15 209

Estimated living cost  is ₴28315 per week

₴19245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43549
₴30247
₴12422
₴47749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax
-
-
-
18 615
income
-
-
-
11 696
microenterprise
-
-
-
-
social contributions

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

-
-
-
19 616
total
-
-
-
49 927
Employee
14 960
-
58 829
-
income
2 663
-
11 460
-
surtax
-
-
-
-
social contributions

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

1 646
-
6 471
-
total
4 309
-
17 931
-
Employer
14 960
-
58 829
-
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.

3 604
-
14 171
-
surtax
-
-
-
-
total
3 604
-
14 171
-
Corporate
54 436
73 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

10 887
14 600
-
-
total
10 887
14 600
-
-
Dividends

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

43 549
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
18 800
14 600
32 102
49 927
After tax
54 200
58 400
40 898
23 073
Living cost
10 651
10 651
10 651
10 651
Free-cash
43 549
47 749
30 247
12 422

Estimated living cost  is ₴10651 per week

₴6795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11301
₴22295
₴20050
₴14439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
5 999
health
-
-
-
6 313
income
-
-
-
19 190
total
-
-
-
31 502
Employee
43 721
43 721
63 485
-
income

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

7 156
7 156
7 430
-
pensions
7 870
5 999
5 999
-
health
6 711
5 708
6 313
-
total
21 737
18 863
19 742
-
Employer
43 721
43 721
63 485
-
unemployment
1 574
1 574
1 956
-
health
3 039
3 039
3 777
-
pensions
3 043
3 043
3 782
-
total
7 656
7 656
9 515
-
Corporate
22 159
21 623
-
-
income
4 432
4 324
-
-
total
4 432
4 324
-
-
Dividends
17 727
17 299
-
-
income
3 767
3 675
-
-
withholding
2 659
2 595
-
-
total
6 426
6 270
-
-
Income
73 000
73 000
73 000
73 000
Total tax
40 251
37 113
29 257
31 502
After tax
32 749
35 887
43 743
41 498
Living cost
21 448
21 448
21 448
21 448
Free-cash
11 301
14 439
22 295
20 050

Estimated living cost  is ₴21448 per week

₴15199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19004
₴17630
₴18141
₴19461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
3 606
pensions
-
-
-
4 832
health
-
-
-
2 789
municipal
-
-
-
17 907
other
-
-
-
5 194
total
-
-
-
34 462
Employee
29 064
-
58 954
-
national
-
-
3 349
-
municipal
8 667
-
17 580
-
total
8 667
-
20 929
-
Employer
29 064
-
58 954
-
accident
58
-
89
-
unemployment
767
-
1 180
-
health
1 787
-
2 749
-
pensions
3 142
-
4 832
-
other
3 377
-
5 194
-
total
9 131
-
14 044
-
Corporate
34 805
73 000
-
-
income
7 657
16 060
-
-
total
7 657
16 060
-
-
Dividends
27 148
56 940
-
-
withholding
8 144
17 082
-
-
total
8 144
17 082
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 599
33 142
34 973
34 462
After tax
39 401
39 858
38 027
38 538
Living cost
20 397
20 397
20 397
20 397
Free-cash
19 004
19 461
17 630
18 141

Estimated living cost  is ₴20397 per week

₴13518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23550
₴27592
₴19499
₴16358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax

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

-
-
-
1 137
health

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

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

-
-
-
3 498
income

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

-
-
-
20 660
trade
-
-
-
8 093
total
-
-
-
33 388
Employee

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

25 963
-
73 000
-
income

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

2 231
-
20 660
-
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.

122
-
1 137
-
health

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

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

3 498
-
3 498
-
total
5 851
-
25 295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 037
73 000
-
-
surtax

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

388
602
-
-
chamber of commerce
145
182
-
-
income
7 056
10 950
-
-
trade
7 738
12 009
-
-
total
15 327
23 743
-
-
Dividends
31 711
49 258
-
-
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.

426
667
-
-
withholding
7 733
12 119
-
-
total
8 159
12 786
-
-
Income
73 000
73 000
73 000
73 000
Total tax
29 337
36 529
25 295
33 388
After tax
43 663
36 471
47 705
39 612
Living cost
20 113
20 113
20 113
20 113
Free-cash
23 550
16 358
27 592
19 499

Estimated living cost  is ₴20113 per week

₴13451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34580
₴33461
₴34149
₴36705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
1 862
income
-
-
-
12 099
social contributions
-
-
-
8 284
total
-
-
-
22 245
Employee
39 369
39 369
67 347
-
income
4 134
3 644
11 728
-
social contributions
1 913
3 267
4 407
-
health
392
669
1 145
-
total
6 439
7 580
17 280
-
Employer
39 369
39 369
67 347
-
social contributions
1 913
3 267
4 407
-
health
427
729
1 246
-
total
2 340
3 996
5 653
-
Corporate
47 616
29 635
-
-
income
5 952
3 705
-
-
total
5 952
3 705
-
-
Dividends
41 664
25 931
-
-
withholding
7 083
4 408
-
-
total
7 083
4 408
-
-
Income
73 000
73 000
73 000
73 000
Total tax
21 814
19 689
22 933
22 245
After tax
51 186
53 311
50 067
50 755
Living cost
16 606
16 606
16 606
16 606
Free-cash
34 580
36 705
33 461
34 149

Estimated living cost  is ₴16606 per week

₴11352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31320
₴32375
₴40627
₴31113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
1 095
pensions
-
-
-
7 300
health
-
-
-
5 110
income
-
-
-
8 924
total
-
-
-
22 429
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.

14 355
5 713
61 088
-
income
1 755
698
7 468
-
pensions
1 435
571
6 109
-
unemployment
215
86
916
-
health
1 005
400
4 276
-
total
4 410
1 755
18 769
-
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.

14 355
5 713
61 088
-
pensions
2 799
1 114
11 912
-
total
2 799
1 114
11 912
-
Corporate
55 846
66 173
-
-
income
5 026
5 956
-
-
total
5 026
5 956
-
-
Dividends
50 820
60 217
-
-
social contributions
9 845
11 677
-
-
withholding
9 656
11 441
-
-
total
19 501
23 118
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 736
31 943
30 681
22 429
After tax
41 264
41 057
42 319
50 571
Living cost
9 944
9 944
9 944
9 944
Free-cash
31 320
31 113
32 375
40 627

Estimated living cost  is ₴9944 per week

₴6786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42852
₴29711
₴26762
₴46034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
14 600
health
-
-
-
9 490
income
-
-
-
9 782
total
-
-
-
33 872
Employee
14 524
-
54 559
-
income
1 635
-
10 519
-
pensions
291
-
1 091
-
unemployment
232
-
872
-
total
2 158
-
12 482
-
Employer
14 524
-
54 559
-
unemployment
117
-
436
-
health
1 888
-
7 093
-
pensions
2 905
-
10 912
-
total
4 910
-
18 441
-
Corporate
53 567
73 000
-
-
income
10 714
14 600
-
-
total
10 714
14 600
-
-
Dividends
42 853
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
17 782
14 600
30 923
33 872
After tax
55 218
58 400
42 077
39 128
Living cost
12 366
12 366
12 366
12 366
Free-cash
42 852
46 034
29 711
26 762

Estimated living cost  is ₴12366 per week

₴8482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4215
₴28043
₴38896
-₴5150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
19 539
other
-
-
-
186
total
-
-
-
23 041
Employee
17 403
-
64 791
-
income
2 387
-
14 431
-
pensions
1 960
-
3 836
-
health
1 993
-
7 418
-
total
6 340
-
25 685
-
Employer
17 403
-
64 791
-
accident
291
-
1 082
-
unemployment
426
-
1 587
-
pensions
2 830
-
5 540
-
total
3 547
-
8 209
-
Corporate
52 051
73 000
-
-
income

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

46 846
65 700
-
-
total
46 846
65 700
-
-
Dividends
5 205
7 300
-
-
withholding
989
1 387
-
-
total
989
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
57 722
67 087
33 894
23 041
After tax
15 278
5 913
39 106
49 959
Living cost
11 063
11 063
11 063
11 063
Free-cash
4 215
-5 150
28 043
38 896

Estimated living cost  is ₴11063 per week

₴8108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63995
₴53890
₴67760
₴64840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
73 000
microenterprise

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

-
-
-
730
total
-
-
-
730
Employee
5 637
-
73 000
-
income
1 127
-
14 600
-
total
1 127
-
14 600
-
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%.

67 363
73 000
-
-
total
-
-
-
-
Dividends
67 363
73 000
-
-
withholding
3 368
3 650
-
-
total
3 368
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 495
3 650
14 600
730
After tax
68 505
69 350
58 400
72 270
Living cost
4 510
4 510
4 510
4 510
Free-cash
63 995
64 840
53 890
67 760

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36532
₴28144
₴25125
₴39991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions

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

-
-
-
17 519
health
-
-
-
3 212
income
-
-
-
10 034
other
-
-
-
3 468
total
-
-
-
34 233
Employee
18 589
-
58 307
-
income
3 200
-
11 040
-
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.

1 301
-
4 082
-
unemployment
186
-
583
-
health
260
-
816
-
total
4 947
-
16 521
-
Employer
18 589
-
58 307
-
accident
149
-
466
-
unemployment
186
-
583
-
health
260
-
816
-
pensions

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

3 161
-
9 912
-
other
930
-
2 916
-
total
4 686
-
14 693
-
Corporate
49 726
73 000
-
-
income
10 443
15 330
-
-
total
10 443
15 330
-
-
Dividends
39 283
57 670
-
-
withholding
2 750
4 037
-
-
total
2 750
4 037
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 826
19 367
31 214
34 233
After tax
50 174
53 633
41 786
38 767
Living cost
13 642
13 642
13 642
13 642
Free-cash
36 532
39 991
28 144
25 125

Estimated living cost  is ₴13642 per week

₴9639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
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.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12835
₴8358
₴15068
₴15049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
4 302
income
-
-
-
18 903
total
-
-
-
23 205
Employee
49 133
-
63 941
-
income
8 857
-
14 429
-
pensions
4 740
-
5 428
-
health
810
-
999
-
total
14 407
-
20 856
-
Employer
49 133
-
63 941
-
health
933
-
1 214
-
pensions
5 801
-
7 845
-
total
6 734
-
9 059
-
Corporate
17 132
73 000
-
-
income

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

3 256
13 870
-
-
total
3 256
13 870
-
-
Dividends
13 877
59 130
-
-
withholding
1 041
9 354
-
-
total
1 041
9 354
-
-
Income
73 000
73 000
73 000
73 000
Total tax
25 438
23 224
29 915
23 205
After tax
47 562
49 776
43 085
49 795
Living cost
34 727
34 727
34 727
34 727
Free-cash
12 835
15 049
8 358
15 068

Estimated living cost  is ₴34727 per week

₴26021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴53029
₴52835
₴50189
₴55484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
10 950
total
-
-
-
15 880
Employee
9 177
-
69 377
-
income
918
-
6 938
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
9 611
-
Employer
9 177
-
69 377
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
62 022
73 000
-
-
income
6 202
7 300
-
-
total
6 202
7 300
-
-
Dividends
55 820
65 700
-
-
withholding
2 791
3 285
-
-
total
2 791
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 040
10 585
13 234
15 880
After tax
59 960
62 415
59 766
57 120
Living cost
6 931
6 931
6 931
6 931
Free-cash
53 029
55 484
52 835
50 189

Estimated living cost  is ₴6931 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
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.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴8783
₴15353
₴13108
₴7497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
5 999
health
-
-
-
6 313
income
-
-
-
19 190
total
-
-
-
31 502
Employee
47 467
43 721
63 485
-
income

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

7 156
7 156
7 430
-
pensions
5 999
5 999
5 999
-
health
5 922
5 708
6 313
-
total
19 077
18 863
19 742
-
Employer
47 467
43 721
63 485
-
unemployment
1 709
1 574
1 956
-
health
3 299
3 039
3 777
-
pensions
3 303
3 043
3 782
-
total
8 311
7 656
9 515
-
Corporate
17 222
21 623
-
-
income
3 444
4 324
-
-
total
3 444
4 324
-
-
Dividends
13 778
17 299
-
-
income
2 928
3 675
-
-
withholding
2 067
2 595
-
-
total
4 995
6 270
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 827
37 113
29 257
31 502
After tax
37 173
35 887
43 743
41 498
Living cost
28 390
28 390
28 390
28 390
Free-cash
8 783
7 497
15 353
13 108

Estimated living cost  is ₴28390 per week

₴20942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33075
₴24380
₴25515
₴37595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
9 855
solidarity contribution
-
-
-
-
income
-
-
-
6 738
social contributions
-
-
-
18 226
total
-
-
-
34 819
Employee
18 626
-
54 478
-
solidarity contribution
-
-
-
-
income
2 235
-
6 537
-
social contributions
1 211
-
3 541
-
health
2 515
-
7 354
-
total
5 961
-
17 432
-
Employer
18 626
-
54 478
-
social contributions
4 657
-
13 619
-
health
1 676
-
4 903
-
total
6 333
-
18 522
-
Corporate
48 041
73 000
-
-
income
9 128
13 870
-
-
total
9 128
13 870
-
-
Dividends
38 913
59 130
-
-
withholding
5 837
8 869
-
-
total
5 837
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 259
22 739
35 954
34 819
After tax
45 741
50 261
37 046
38 181
Living cost
12 666
12 666
12 666
12 666
Free-cash
33 075
37 595
24 380
25 515

Estimated living cost  is ₴12666 per week

₴8798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14671
₴10839
₴14290
₴17344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
17 053
regional
-
-
-
844
municipal
-
-
-
433
social contributions
-
-
-
18 776
total
-
-
-
37 106
Employee
45 502
-
73 000
-
regional
429
-
743
-
national
7 884
-
14 811
-
social contributions
15 343
-
24 616
-
municipal
241
-
387
-
total
23 897
-
40 557
-
Employer
45 502
-
73 000
-
total
-
-
-
-
Corporate
27 498
73 000
-
-
nationa
6 600
17 520
-
-
municipal
1 073
2 847
-
-
total
7 673
20 367
-
-
Dividends
19 826
52 633
-
-
withholding
5 155
13 685
-
-
total
5 155
13 685
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 725
34 052
40 557
37 106
After tax
36 275
38 948
32 443
35 894
Living cost
21 604
21 604
21 604
21 604
Free-cash
14 671
17 344
10 839
14 290

Estimated living cost  is ₴21604 per week

₴15059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33026
₴21529
₴23342
₴34619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
117
surtax
-
-
-
2 451
pensions
-
-
-
13 666
health
-
-
-
4 851
income
-
-
-
17 275
other
-
-
-
-
total
-
-
-
38 360
Employee
16 931
-
60 305
-
other
-
-
-
-
income
2 838
-
15 557
-
pensions
1 129
-
4 022
-
surtax
55
-
2 165
-
unemployment
1 179
-
4 197
-
health
432
-
1 537
-
total
5 633
-
27 478
-
Employer
16 931
-
60 305
-
unemployment
536
-
1 912
-
health
770
-
2 744
-
pensions
2 257
-
8 039
-
other
-
-
-
-
total
3 563
-
12 695
-
Corporate
52 505
73 000
-
-
income
13 652
18 980
-
-
total
13 652
18 980
-
-
Dividends
38 854
54 020
-
-
withholding
5 828
8 103
-
-
total
5 828
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 676
27 083
40 173
38 360
After tax
44 324
45 917
32 827
34 640
Living cost
11 298
11 298
11 298
11 298
Free-cash
33 026
34 619
21 529
23 342

Estimated living cost  is ₴11298 per week

₴6908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26885
₴19361
₴26071
₴26052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
4 302
income
-
-
-
18 903
total
-
-
-
23 205
Employee
32 928
-
63 941
-
income
5 930
-
14 429
-
pensions
2 795
-
5 428
-
health
478
-
999
-
total
9 203
-
20 856
-
Employer
32 928
-
63 941
-
health
626
-
1 214
-
pensions
3 564
-
7 845
-
total
4 190
-
9 059
-
Corporate
35 882
73 000
-
-
income

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

6 818
13 870
-
-
total
6 818
13 870
-
-
Dividends
29 064
59 130
-
-
withholding
2 180
9 354
-
-
total
2 180
9 354
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 391
23 224
29 915
23 205
After tax
50 609
49 776
43 085
49 795
Living cost
23 724
23 724
23 724
23 724
Free-cash
26 885
26 052
19 361
26 071

Estimated living cost  is ₴23724 per week

₴17774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10152
₴15810
₴19357
-₴7219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
818
pensions
-
-
-
6 716
health
-
-
-
165
regional
-
-
-
3 115
city
-
-
-
770
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.

-
-
-
1 460
total
-
-
-
13 044
Employee
47 511
-
65 339
-
pensions
3 992
-
5 489
-
regional
1 556
-
2 660
-
national
225
-
650
-
unemployment
-
-
-
-
health
107
-
147
-
city
510
-
702
-
total
6 390
-
9 648
-
Employer
47 511
-
65 339
-
unemployment
-
-
-
-
health
107
-
147
-
pensions
3 992
-
5 489
-
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.

950
-
1 307
-
total
5 049
-
6 943
-
Corporate
19 917
73 000
-
-
national
1 693
6 205
-
-
regional
4 213
15 440
-
-
total
5 906
21 645
-
-
Dividends
14 011
51 355
-
-
withholding
4 904
17 975
-
-
total
4 904
17 975
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 249
39 620
16 591
13 044
After tax
50 751
33 380
56 409
59 956
Living cost
40 599
40 599
40 599
40 599
Free-cash
10 152
-7 219
15 810
19 357

Estimated living cost  is ₴40599 per week

₴26401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20942
₴24251
₴15814
₴12641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax

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

-
-
-
1 137
health

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

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

-
-
-
3 498
income

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

-
-
-
20 660
trade
-
-
-
8 437
total
-
-
-
33 732
Employee

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

30 769
-
73 000
-
income

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

3 618
-
20 660
-
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.

199
-
1 137
-
health

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

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

3 498
-
3 498
-
total
7 315
-
25 295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 231
73 000
-
-
surtax

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

349
602
-
-
chamber of commerce
137
181
-
-
income
6 335
10 950
-
-
trade
7 243
12 520
-
-
total
14 064
24 253
-
-
Dividends
28 167
48 748
-
-
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.

377
660
-
-
withholding
6 848
11 992
-
-
total
7 225
12 652
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 604
36 905
25 295
33 732
After tax
44 396
36 095
47 705
39 268
Living cost
23 454
23 454
23 454
23 454
Free-cash
20 942
12 641
24 251
15 814

Estimated living cost  is ₴23454 per week

₴17130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22297
₴24524
₴23900
₴19276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
surtax
-
-
-
-
pensions
-
-
-
14 654
health
-
-
-
2 550
income
-
-
-
10 036
social contributions
-
-
-
2 080
other
-
-
-
2 263
total
-
-
-
31 583
Employee
21 912
-
57 525
-
income
1 293
-
10 271
-
pensions
2 478
-
3 573
-
surtax
-
-
-
-
social contributions
625
-
1 639
-
total
4 396
-
15 483
-
Employer
21 912
-
57 525
-
unemployment
887
-
2 330
-
social contributions
66
-
173
-
health
1 534
-
4 818
-
pensions
3 600
-
6 093
-
other
756
-
2 062
-
total
6 843
-
15 476
-
Corporate
44 245
73 000
-
-
surtax
-
-
-
-
income
12 389
20 440
-
-
total
12 389
20 440
-
-
Dividends
31 857
52 560
-
-
surtax
-
-
-
-
social contributions
5 480
9 040
-
-
withholding
4 078
6 727
-
-
total
9 558
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 186
36 207
30 959
31 583
After tax
39 814
36 793
42 041
41 417
Living cost
17 516
17 516
17 516
17 516
Free-cash
22 297
19 276
24 524
23 900

Estimated living cost  is ₴17516 per week

₴11045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23856
₴26260
₴25636
₴21012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
surtax
-
-
-
-
pensions
-
-
-
14 654
health
-
-
-
2 550
income
-
-
-
10 036
social contributions
-
-
-
2 080
other
-
-
-
2 263
total
-
-
-
31 583
Employee
19 559
-
57 525
-
income
1 008
-
10 271
-
pensions
2 212
-
3 573
-
surtax
-
-
-
-
social contributions
558
-
1 639
-
total
3 778
-
15 483
-
Employer
19 559
-
57 525
-
unemployment
792
-
2 330
-
social contributions
58
-
173
-
health
1 369
-
4 818
-
pensions
3 214
-
6 093
-
other
675
-
2 062
-
total
6 108
-
15 476
-
Corporate
47 332
73 000
-
-
surtax
-
-
-
-
income
13 253
20 440
-
-
total
13 253
20 440
-
-
Dividends
34 079
52 560
-
-
surtax
-
-
-
-
social contributions
5 862
9 040
-
-
withholding
4 362
6 727
-
-
total
10 224
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 363
36 207
30 959
31 583
After tax
39 637
36 793
42 041
41 417
Living cost
15 781
15 781
15 781
15 781
Free-cash
23 856
21 012
26 260
25 636

Estimated living cost  is ₴15781 per week

₴9152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33945
₴35025
₴36025
₴33681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
5 095
income
-
-
-
10 950
social contributions
-
-
-
10 074
total
-
-
-
26 119
Employee
17 359
-
73 000
-
income
2 895
-
11 950
-
social contributions
2 396
-
10 074
-
health
1 212
-
5 095
-
total
6 503
-
27 119
-
Employer
17 359
-
73 000
-
total
-
-
-
-
Corporate
55 641
73 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

2 782
3 650
-
-
total
2 782
3 650
-
-
Dividends
52 859
69 350
-
-
social contributions
7 295
9 570
-
-
withholding
7 929
10 403
-
-
health
3 690
4 840
-
-
total
18 914
24 813
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 199
28 463
27 119
26 119
After tax
44 801
44 537
45 881
46 881
Living cost
10 856
10 856
10 856
10 856
Free-cash
33 945
33 681
35 025
36 025

Estimated living cost  is ₴10856 per week

₴7265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴669
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.
₴2671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21721
₴1306
₴19136
₴22515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
3 140
surtax
-
-
-
101
pensions
-
-
-
11 065
health
-
-
-
4 575
income
-
-
-
16 651
chamber of commerce
-
-
-
292
total
-
-
-
35 824
Employee
25 586
20 403
56 609
-
other
256
204
566
-
income
2 913
1 505
13 348
-
pensions
2 620
2 089
5 796
-
unemployment
768
612
1 698
-
health
990
790
2 191
-
total
7 547
5 200
23 599
-
Employer
25 586
20 403
56 609
-
chamber of commerce
102
82
226
-
surtax
101
101
101
-
accident
332
265
735
-
payroll
768
612
1 698
-
unemployment
768
612
1 698
-
health
967
771
2 139
-
pensions
3 211
2 561
7 104
-
other
1 215
969
2 688
-
total
7 464
5 973
16 389
-
Corporate
39 950
46 624
54 665
-
income

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

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

9 988
11 656
13 666
-
total
9 988
11 656
13 666
-
Dividends
29 962
34 968
-
-
withholding
8 240
9 616
-
-
total
8 240
9 616
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 239
32 445
53 654
35 824
After tax
39 761
40 555
19 346
37 176
Living cost
18 040
18 040
18 040
18 040
Free-cash
21 721
22 515
1 306
19 136

Estimated living cost  is ₴18040 per week

₴12032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14515
₴7994
₴13444
₴22196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
25 736
communal

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

-
-
-
3 692
social contributions
-
-
-
11 461
total
-
-
-
40 889
Employee

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

36 622
-
56 540
-
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.

2 747
-
4 241
-
communal

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

1 910
-
2 949
-
national
11 259
-
19 541
-
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.

319
-
492
-
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.

1 721
-
2 657
-
total
17 956
-
29 880
-
Employer

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

36 622
-
56 540
-
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.

476
-
735
-
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.

534
-
826
-
health

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

2 252
-
3 477
-
pensions

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

3 245
-
5 009
-
surtax
4 153
-
6 412
-
total
10 660
-
16 459
-
Corporate
25 718
73 000
-
-
surtax
103
292
-
-
income
5 144
14 600
-
-
total
5 247
14 892
-
-
Dividends
20 471
58 108
-
-
withholding

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

5 955
17 245
-
-
total
5 955
17 245
-
-
Income
73 000
73 000
73 000
73 000
Total tax
39 818
32 137
46 339
40 889
After tax
33 182
40 863
26 661
32 111
Living cost
18 667
18 667
18 667
18 667
Free-cash
14 515
22 196
7 994
13 444

Estimated living cost  is ₴18667 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26568
₴20246
₴22670
₴30377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
17 604
other
-
-
-
48
total
-
-
-
31 840
Employee
25 485
-
57 872
-
other
25
-
48
-
income
5 377
-
16 121
-
pensions
1 198
-
2 231
-
unemployment
395
-
735
-
total
6 995
-
19 135
-
Employer
25 485
-
57 872
-
accident
504
-
940
-
unemployment
1 402
-
2 610
-
pensions
6 014
-
11 199
-
other
203
-
380
-
total
8 123
-
15 129
-
Corporate
39 392
73 000
-
-
income

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

5 909
10 950
-
-
total
5 909
10 950
-
-
Dividends
33 482
62 050
-
-
withholding
6 915
13 183
-
-
total
6 915
13 183
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 942
24 133
34 264
31 840
After tax
45 058
48 867
38 736
41 160
Living cost
18 490
18 490
18 490
18 490
Free-cash
26 568
30 377
20 246
22 670

Estimated living cost  is ₴18490 per week

₴13616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10174
₴13104
₴10193
₴15784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
accident
-
-
-
615
surtax
-
-
-
3 619
pensions
-
-
-
10 942
communal
-
-
-
4 614
health
-
-
-
5 129
income
-
-
-
10 065
total
-
-
-
34 984
Employee
38 772
-
65 208
-
income
3 745
-
12 167
-
pensions
3 101
-
5 216
-
surtax
2 376
-
3 996
-
health
1 726
-
2 902
-
total
10 948
-
24 281
-
Employer
38 772
-
65 208
-
accident
349
-
587
-
health
1 182
-
1 989
-
pensions
3 101
-
5 216
-
total
4 632
-
7 792
-
Corporate
29 596
73 000
-
-
surtax
311
767
-
-
communal
1 998
4 928
-
-
income
4 439
10 950
-
-
total
6 748
16 645
-
-
Dividends
22 848
56 356
-
-
income
9 248
4 294
-
-
withholding
3 427
8 454
-
-
total
12 675
12 748
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 003
29 393
32 073
34 984
After tax
37 997
43 607
40 927
38 016
Living cost
27 823
27 823
27 823
27 823
Free-cash
10 174
15 784
13 104
10 193

Estimated living cost  is ₴27823 per week

₴20871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32789
₴21327
₴23140
₴34417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
117
surtax
-
-
-
2 451
pensions
-
-
-
13 666
health
-
-
-
4 851
income
-
-
-
17 275
other
-
-
-
-
total
-
-
-
38 360
Employee
17 242
-
60 305
-
other
-
-
-
-
income
2 890
-
15 557
-
pensions
1 150
-
4 022
-
surtax
61
-
2 165
-
unemployment
1 200
-
4 197
-
health
440
-
1 537
-
total
5 741
-
27 478
-
Employer
17 242
-
60 305
-
unemployment
547
-
1 912
-
health
784
-
2 744
-
pensions
2 299
-
8 039
-
other
-
-
-
-
total
3 630
-
12 695
-
Corporate
52 129
73 000
-
-
income
13 553
18 980
-
-
total
13 553
18 980
-
-
Dividends
38 575
54 020
-
-
withholding
5 787
8 103
-
-
total
5 787
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 711
27 083
40 173
38 360
After tax
44 289
45 917
32 827
34 640
Living cost
11 500
11 500
11 500
11 500
Free-cash
32 789
34 417
21 327
23 140

Estimated living cost  is ₴11500 per week

₴6943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23442
₴18411
₴21846
₴24578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
17 053
regional
-
-
-
1 100
municipal
-
-
-
433
social contributions
-
-
-
18 776
total
-
-
-
37 362
Employee
28 400
-
73 000
-
regional
382
-
983
-
national
4 499
-
14 811
-
social contributions
9 577
-
24 616
-
municipal
151
-
387
-
total
14 609
-
40 797
-
Employer
28 400
-
73 000
-
total
-
-
-
-
Corporate
44 600
73 000
-
-
nationa
10 704
17 520
-
-
municipal
2 216
3 628
-
-
total
12 920
21 148
-
-
Dividends
31 680
51 852
-
-
withholding
8 237
13 482
-
-
total
8 237
13 482
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 766
34 630
40 797
37 362
After tax
37 234
38 370
32 203
35 638
Living cost
13 792
13 792
13 792
13 792
Free-cash
23 442
24 578
18 411
21 846

Estimated living cost  is ₴13792 per week

₴8577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29084
₴21438
₴22573
₴34653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
9 855
solidarity contribution
-
-
-
-
income
-
-
-
6 738
social contributions
-
-
-
18 226
total
-
-
-
34 819
Employee
22 952
-
54 478
-
solidarity contribution
-
-
-
-
income
2 754
-
6 537
-
social contributions
1 492
-
3 541
-
health
3 099
-
7 354
-
total
7 345
-
17 432
-
Employer
22 952
-
54 478
-
social contributions
5 738
-
13 619
-
health
2 066
-
4 903
-
total
7 804
-
18 522
-
Corporate
42 244
73 000
-
-
income
8 026
13 870
-
-
total
8 026
13 870
-
-
Dividends
34 218
59 130
-
-
withholding
5 133
8 869
-
-
total
5 133
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 308
22 739
35 954
34 819
After tax
44 692
50 261
37 046
38 181
Living cost
15 608
15 608
15 608
15 608
Free-cash
29 084
34 653
21 438
22 573

Estimated living cost  is ₴15608 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24023
₴3029
₴20943
₴24276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
3 140
surtax
-
-
-
-
pensions
-
-
-
11 065
health
-
-
-
4 575
income
-
-
-
16 651
chamber of commerce
-
-
-
292
total
-
-
-
35 723
Employee
22 380
20 403
56 684
-
other
223
204
566
-
income
1 994
1 505
13 376
-
pensions
2 292
2 089
5 804
-
unemployment
671
612
1 700
-
health
866
790
2 194
-
total
6 046
5 200
23 640
-
Employer
22 380
20 403
56 684
-
chamber of commerce
89
82
226
-
surtax
-
-
-
-
accident
291
265
736
-
payroll
671
612
1 700
-
unemployment
671
612
1 700
-
health
846
771
2 142
-
pensions
2 809
2 561
7 114
-
other
1 063
969
2 692
-
total
6 440
5 872
16 310
-
Corporate
44 179
46 725
54 745
-
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.

11 045
11 681
13 687
-
total
11 045
11 681
13 687
-
Dividends
33 134
35 043
-
-
withholding
9 112
9 637
-
-
total
9 112
9 637
-
-
Income
73 000
73 000
73 000
73 000
Total tax
32 643
32 390
53 637
35 723
After tax
40 357
40 610
19 363
37 277
Living cost
16 334
16 334
16 334
16 334
Free-cash
24 023
24 276
3 029
20 943

Estimated living cost  is ₴16334 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61004
₴51372
₴65242
₴62322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
73 000
microenterprise

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

-
-
-
730
total
-
-
-
730
Employee
8 785
-
73 000
-
income
1 757
-
14 600
-
total
1 757
-
14 600
-
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%.

64 215
73 000
-
-
total
-
-
-
-
Dividends
64 215
73 000
-
-
withholding
3 211
3 650
-
-
total
3 211
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 968
3 650
14 600
730
After tax
68 032
69 350
58 400
72 270
Living cost
7 028
7 028
7 028
7 028
Free-cash
61 004
62 322
51 372
65 242

Estimated living cost  is ₴7028 per week

₴4756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
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.
₴1741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32246
₴20860
₴22792
₴36528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
unemployment
-
-
-
110
pensions
-
-
-
13 332
health
-
-
-
7 184
income
-
-
-
15 850
total
-
-
-
36 476
Employee

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

22 640
-
63 165
-
income
3 904
-
14 613
-
pensions
3 509
-
9 791
-
unemployment
32
-
88
-
health
1 462
-
4 081
-
total
8 907
-
28 573
-
Employer

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

22 640
-
63 165
-
unemployment
14
-
38
-
health
1 508
-
4 207
-
pensions
2 003
-
5 590
-
total
3 525
-
9 835
-
Corporate
46 835
73 000
-
-
income
8 899
13 870
-
-
total
8 899
13 870
-
-
Dividends
37 937
59 130
-
-
withholding
5 691
8 870
-
-
total
5 691
8 870
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 022
22 740
38 408
36 476
After tax
45 978
50 260
34 592
36 524
Living cost
13 732
13 732
13 732
13 732
Free-cash
32 246
36 528
20 860
22 792

Estimated living cost  is ₴13732 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴880
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9941
₴41680
₴26447
₴20411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
14 229
social contributions
-
-
-
8 322
total
-
-
-
22 551
Employee
34 416
-
-
-
income
7 591
-
-
-
social contributions
2 822
-
402
-
total
10 413
-
402
-
Employer
34 416
-
-
-
social contributions
48 526
-
6 916
-
total
48 526
-
6 916
-
Corporate
-
73 000
-
-
income
-
16 060
-
-
total
-
16 060
-
-
Dividends
-
56 940
-
-
income
-
12 527
-
-
total
-
12 527
-
-
Income
73 000
73 000
73 000
73 000
Total tax
58 939
28 587
7 318
22 551
After tax
14 061
44 413
65 682
50 449
Living cost
24 002
24 002
24 002
24 002
Free-cash
-9 941
20 411
41 680
26 447

Estimated living cost  is ₴24002 per week

₴15574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24948
₴18604
₴23625
₴25463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax
-
-
-
-
income
-
-
-
7 948
social contributions

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

-
-
-
25 368
total
-
-
-
33 316
Employee
23 547
-
58 990
-
income
4 898
-
17 838
-
surtax
-
-
-
-
social contributions
2 590
-
6 489
-
total
7 488
-
24 327
-
Employer
23 547
-
58 990
-
social contributions
5 592
-
14 010
-
total
5 592
-
14 010
-
Corporate
43 861
73 000
-
-
surtax
-
-
-
-
income
9 211
15 330
-
-
total
9 211
15 330
-
-
Dividends
34 650
57 670
-
-
withholding
9 702
16 148
-
-
total
9 702
16 148
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 993
31 478
38 337
33 316
After tax
41 007
41 522
34 663
39 684
Living cost
16 059
16 059
16 059
16 059
Free-cash
24 948
25 463
18 604
23 625

Estimated living cost  is ₴16059 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15582
₴17313
₴16689
₴12065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
surtax
-
-
-
-
pensions
-
-
-
14 654
health
-
-
-
2 550
income
-
-
-
10 036
social contributions
-
-
-
2 080
other
-
-
-
2 263
total
-
-
-
31 583
Employee
32 066
-
57 525
-
income
2 798
-
10 271
-
pensions
3 627
-
3 573
-
surtax
-
-
-
-
social contributions
913
-
1 639
-
total
7 338
-
15 483
-
Employer
32 066
-
57 525
-
unemployment
1 299
-
2 330
-
social contributions
96
-
173
-
health
2 244
-
4 818
-
pensions
5 269
-
6 093
-
other
1 107
-
2 062
-
total
10 015
-
15 476
-
Corporate
30 919
73 000
-
-
surtax
-
-
-
-
income
8 658
20 440
-
-
total
8 658
20 440
-
-
Dividends
22 261
52 560
-
-
surtax
-
-
-
-
social contributions
3 829
9 040
-
-
withholding
2 850
6 727
-
-
total
6 679
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
32 690
36 207
30 959
31 583
After tax
40 310
36 793
42 041
41 417
Living cost
24 728
24 728
24 728
24 728
Free-cash
15 582
12 065
17 313
16 689

Estimated living cost  is ₴24728 per week

₴16735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48590
₴40905
₴38965
₴50310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
2 585
social contributions
-
-
-
16 060
total
-
-
-
18 645
Employee
16 460
-
63 204
-
income
-
-
2 800
-
social contributions
1 070
-
4 109
-
total
1 070
-
6 909
-
Employer
16 460
-
63 204
-
social contributions
2 551
-
9 796
-
total
2 551
-
9 796
-
Corporate
53 989
73 000
-
-
income
5 399
7 300
-
-
total
5 399
7 300
-
-
Dividends
48 590
65 700
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
9 020
7 300
16 705
18 645
After tax
63 980
65 700
56 295
54 355
Living cost
15 390
15 390
15 390
15 390
Free-cash
48 590
50 310
40 905
38 965

Estimated living cost  is ₴15390 per week

₴9951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴38336
-₴38336
₴19426
-₴38336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
8 015
pensions
-
-
-
443
municipal
-
-
-
14 701
labour market
-
-
-
5 805
total
-
-
-
28 964
Employee
103 873
103 873
103 873
-
labour market
8 298
8 298
8 298
-
pensions
148
148
148
-
national
12 690
12 690
12 690
-
municipal
22 119
22 119
22 119
-
total
43 255
43 255
43 255
-
Employer
103 873
103 873
103 873
-
labour market
8 310
8 310
8 310
-
national
12 712
12 712
12 712
-
municipal
22 154
22 154
22 154
-
pensions
295
295
295
-
total
43 471
43 471
43 471
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
86 726
86 726
86 726
28 964
After tax
-13 726
-13 726
-13 726
44 036
Living cost
24 610
24 610
24 610
24 610
Free-cash
-38 336
-38 336
-38 336
19 426

Estimated living cost  is ₴24610 per week

₴16843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4241
₴28206
₴39059
-₴4987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
19 539
other
-
-
-
186
total
-
-
-
23 041
Employee
17 146
-
64 791
-
income
2 352
-
14 431
-
pensions
1 931
-
3 836
-
health
1 963
-
7 418
-
total
6 246
-
25 685
-
Employer
17 146
-
64 791
-
accident
286
-
1 082
-
unemployment
420
-
1 587
-
pensions
2 788
-
5 540
-
total
3 494
-
8 209
-
Corporate
52 360
73 000
-
-
income

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

47 124
65 700
-
-
total
47 124
65 700
-
-
Dividends
5 236
7 300
-
-
withholding
995
1 387
-
-
total
995
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
57 859
67 087
33 894
23 041
After tax
15 141
5 913
39 106
49 959
Living cost
10 900
10 900
10 900
10 900
Free-cash
4 241
-4 987
28 206
39 059

Estimated living cost  is ₴10900 per week

₴7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27911
₴19731
₴29742
₴27155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
73 000
national
-
-
-
9 716
health
-
-
-
910
municipal
-
-
-
12 976
total
-
-
-
23 602
Employee
26 936
-
61 411
-
pensions
1 818
-
4 146
-
national
445
-
6 216
-
unemployment
404
-
921
-
municipal
4 412
-
10 010
-
health
201
-
732
-
total
7 280
-
22 025
-
Employer
26 936
-
61 411
-
accident
27
-
61
-
unemployment
175
-
399
-
health
207
-
473
-
pensions
4 673
-
10 655
-
total
5 082
-
11 588
-
Corporate
40 981
73 000
-
-
income
8 196
14 600
-
-
total
8 196
14 600
-
-
Dividends

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

24 589
43 800
-
-
national
449
3 705
-
-
municipal
4 426
7 884
-
-
total
4 875
11 589
-
-
Income
73 000
73 000
73 000
73 000
Total tax
25 433
26 189
33 613
23 602
After tax
47 567
46 811
39 387
49 398
Living cost
19 656
19 656
19 656
19 656
Free-cash
27 911
27 155
19 731
29 742

Estimated living cost  is ₴19656 per week

₴12839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38671
₴38213
₴38901
₴41457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
1 862
income
-
-
-
12 099
social contributions
-
-
-
8 284
total
-
-
-
22 245
Employee
39 369
39 369
67 347
-
income
4 287
3 644
11 728
-
social contributions
1 488
3 267
4 407
-
health
305
669
1 145
-
total
6 080
7 580
17 280
-
Employer
39 369
39 369
67 347
-
social contributions
1 488
3 267
4 407
-
health
331
729
1 246
-
total
1 819
3 996
5 653
-
Corporate
53 246
29 635
-
-
income
6 656
3 705
-
-
total
6 656
3 705
-
-
Dividends
46 590
25 931
-
-
withholding
7 920
4 408
-
-
total
7 920
4 408
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 475
19 689
22 933
22 245
After tax
50 525
53 311
50 067
50 755
Living cost
11 854
11 854
11 854
11 854
Free-cash
38 671
41 457
38 213
38 901

Estimated living cost  is ₴11854 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
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.
₴3325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49719
₴42192
₴52461
₴52322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73 000
unemployment
-
-
-
15
pensions
-
-
-
3 257
health
-
-
-
1 853
income
-
-
-
7 285
total
-
-
-
12 410
Employee

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

11 752
-
67 996
-
income
803
-
6 016
-
pensions
1 762
-
7 287
-
unemployment
58
-
243
-
health
999
-
4 129
-
total
3 622
-
17 675
-
Employer

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

11 752
-
67 996
-
unemployment
58
-
243
-
health
505
-
2 089
-
pensions
646
-
2 672
-
total
1 209
-
5 004
-
Corporate
60 039
73 000
-
-
income
5 404
6 570
-
-
total
5 404
6 570
-
-
Dividends
54 635
66 430
-
-
withholding
4 917
5 979
-
-
total
4 917
5 979
-
-
Income
73 000
73 000
73 000
73 000
Total tax
15 152
12 549
22 679
12 410
After tax
57 848
60 451
50 321
60 590
Living cost
8 129
8 129
8 129
8 129
Free-cash
49 719
52 322
42 192
52 461

Estimated living cost  is ₴8129 per week

₴5186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32371
₴24657
₴27081
₴34788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
17 604
other
-
-
-
48
total
-
-
-
31 840
Employee
18 931
-
57 872
-
other
18
-
48
-
income
3 650
-
16 121
-
pensions
890
-
2 231
-
unemployment
293
-
735
-
total
4 851
-
19 135
-
Employer
18 931
-
57 872
-
accident
375
-
940
-
unemployment
1 042
-
2 610
-
pensions
4 467
-
11 199
-
other
152
-
380
-
total
6 036
-
15 129
-
Corporate
48 034
73 000
-
-
income

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

7 205
10 950
-
-
total
7 205
10 950
-
-
Dividends
40 828
62 050
-
-
withholding
8 458
13 183
-
-
total
8 458
13 183
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 550
24 133
34 264
31 840
After tax
46 450
48 867
38 736
41 160
Living cost
14 079
14 079
14 079
14 079
Free-cash
32 371
34 788
24 657
27 081

Estimated living cost  is ₴14079 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴44528
₴45991
₴46053
₴44672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
24 960
total
-
-
-
26 067
Employee
1 340
-
72 278
-
income
259
-
24 926
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
160
-
total
460
-
25 407
-
Employer
1 340
-
72 278
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
71 359
73 000
-
-
income
15 699
16 060
-
-
total
15 699
16 060
-
-
Dividends
55 660
56 940
-
-
withholding
11 132
11 388
-
-
total
11 132
11 388
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 592
27 448
26 129
26 067
After tax
45 408
45 552
46 871
46 933
Living cost
880
880
880
880
Free-cash
44 528
44 672
45 991
46 053

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41393
₴33773
₴33774
₴43906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
unemployment
-
-
-
566
pensions
-
-
-
9 818
health
-
-
-
3 889
income
-
-
-
16 116
total
-
-
-
30 389
Employee

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

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

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

13 325
-
66 241
-
income
1 837
-
16 116
-
pensions
1 865
-
5 287
-
unemployment
100
-
283
-
health
686
-
1 945
-
total
4 488
-
23 631
-
Employer

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

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

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

13 325
-
66 241
-
unemployment
100
-
283
-
health
686
-
1 945
-
pensions
1 599
-
4 531
-
total
2 385
-
6 759
-
Corporate
57 290
73 000
-
-
income
8 593
10 950
-
-
total
8 593
10 950
-
-
Dividends
48 696
62 050
-
-
withholding
7 304
9 307
-
-
total
7 304
9 307
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 770
20 257
30 390
30 389
After tax
50 230
52 743
42 610
42 611
Living cost
8 837
8 837
8 837
8 837
Free-cash
41 393
43 906
33 773
33 774

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27534
₴20860
₴25881
₴27719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax
-
-
-
-
income
-
-
-
7 948
social contributions

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

-
-
-
25 368
total
-
-
-
33 316
Employee
19 871
-
58 990
-
income
3 883
-
17 838
-
surtax
-
-
-
-
social contributions
2 186
-
6 489
-
total
6 069
-
24 327
-
Employer
19 871
-
58 990
-
social contributions
4 719
-
14 010
-
total
4 719
-
14 010
-
Corporate
48 410
73 000
-
-
surtax
-
-
-
-
income
10 167
15 330
-
-
total
10 167
15 330
-
-
Dividends
38 243
57 670
-
-
withholding
10 708
16 148
-
-
total
10 708
16 148
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 663
31 478
38 337
33 316
After tax
41 337
41 522
34 663
39 684
Living cost
13 803
13 803
13 803
13 803
Free-cash
27 534
27 719
20 860
25 881

Estimated living cost  is ₴13803 per week

₴9776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27239
₴20743
₴23167
₴30874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
17 604
other
-
-
-
48
total
-
-
-
31 840
Employee
24 726
-
57 872
-
other
24
-
48
-
income
5 164
-
16 121
-
pensions
1 162
-
2 231
-
unemployment
383
-
735
-
total
6 733
-
19 135
-
Employer
24 726
-
57 872
-
accident
490
-
940
-
unemployment
1 360
-
2 610
-
pensions
5 835
-
11 199
-
other
198
-
380
-
total
7 883
-
15 129
-
Corporate
40 390
73 000
-
-
income

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

6 059
10 950
-
-
total
6 059
10 950
-
-
Dividends
34 332
62 050
-
-
withholding
7 093
13 183
-
-
total
7 093
13 183
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 768
24 133
34 264
31 840
After tax
45 232
48 867
38 736
41 160
Living cost
17 993
17 993
17 993
17 993
Free-cash
27 239
30 874
20 743
23 167

Estimated living cost  is ₴17993 per week

₴12922
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.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3419
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50101
₴50673
₴48027
₴53322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
10 950
total
-
-
-
15 880
Employee
12 041
-
69 377
-
income
1 204
-
6 938
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
9 611
-
Employer
12 041
-
69 377
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
58 597
73 000
-
-
income
5 860
7 300
-
-
total
5 860
7 300
-
-
Dividends
52 737
65 700
-
-
withholding
2 637
3 285
-
-
total
2 637
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 806
10 585
13 234
15 880
After tax
59 194
62 415
59 766
57 120
Living cost
9 093
9 093
9 093
9 093
Free-cash
50 101
53 322
50 673
48 027

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24528
₴27939
₴20880
₴17831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
surtax

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

-
-
-
1 137
health

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

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

-
-
-
3 498
income

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

-
-
-
20 660
trade
-
-
-
7 059
total
-
-
-
32 354
Employee

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

25 474
-
73 000
-
income

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

2 095
-
20 660
-
surtax

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

116
-
1 137
-
health

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

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

3 498
-
3 498
-
total
5 709
-
25 295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 526
73 000
-
-
surtax

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

393
602
-
-
chamber of commerce
148
185
-
-
income
7 128
10 950
-
-
trade
6 819
10 476
-
-
total
14 488
22 213
-
-
Dividends
33 038
50 788
-
-
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.

444
688
-
-
withholding
8 065
12 502
-
-
total
8 509
13 190
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 706
35 403
25 295
32 354
After tax
44 294
37 597
47 705
40 646
Living cost
19 766
19 766
19 766
19 766
Free-cash
24 528
17 831
27 939
20 880

Estimated living cost  is ₴19766 per week

₴13635
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.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23066
₴11317
₴11317
₴21935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
20 737
social contributions
-
-
-
11 781
total
-
-
-
32 518
Employee
40 048
-
73 000
-
income
7 557
-
20 737
-
social contributions
3 327
-
11 781
-
total
10 884
-
32 518
-
Employer
40 048
-
73 000
-
total
-
-
-
-
Corporate
32 952
73 000
-
-
income
4 119
9 125
-
-
total
4 119
9 125
-
-
Dividends
28 833
63 875
-
-
withholding
5 766
12 775
-
-
total
5 766
12 775
-
-
Income
73 000
73 000
73 000
73 000
Total tax
20 769
21 900
32 518
32 518
After tax
52 231
51 100
40 482
40 482
Living cost
29 165
29 165
29 165
29 165
Free-cash
23 066
21 935
11 317
11 317

Estimated living cost  is ₴29165 per week

₴22188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27950
₴34368
₴36593
₴26160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
health

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

-
-
-
3 248
income
-
-
-
14 574
total
-
-
-
17 822
Employee
23 487
-
70 645
-
income
2 548
-
15 337
-
social contributions
2 353
-
2 355
-
total
4 901
-
17 692
-
Employer
23 487
-
70 645
-
social contributions
2 353
-
2 355
-
total
2 353
-
2 355
-
Corporate
47 160
73 000
-
-
income
16 506
25 550
-
-
total
16 506
25 550
-
-
Dividends
30 654
47 450
-
-
social contributions
2 705
2 705
-
-
total
2 705
2 705
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 465
28 255
20 047
17 822
After tax
46 535
44 745
52 953
55 178
Living cost
18 585
18 585
18 585
18 585
Free-cash
27 950
26 160
34 368
36 593

Estimated living cost  is ₴18585 per week

₴12242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴32478
₴23798
₴30508
₴30489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
pensions
-
-
-
4 302
income
-
-
-
18 903
total
-
-
-
23 205
Employee
26 474
-
63 941
-
income
4 821
-
14 429
-
pensions
2 021
-
5 428
-
health
345
-
999
-
total
7 187
-
20 856
-
Employer
26 474
-
63 941
-
health
503
-
1 214
-
pensions
2 675
-
7 845
-
total
3 178
-
9 059
-
Corporate
43 348
73 000
-
-
income

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

8 236
13 870
-
-
total
8 236
13 870
-
-
Dividends
35 112
59 130
-
-
withholding
2 634
9 354
-
-
total
2 634
9 354
-
-
Income
73 000
73 000
73 000
73 000
Total tax
21 235
23 224
29 915
23 205
After tax
51 765
49 776
43 085
49 795
Living cost
19 287
19 287
19 287
19 287
Free-cash
32 478
30 489
23 798
30 508

Estimated living cost  is ₴19287 per week

₴13231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4075
₴27127
₴37980
-₴6066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
19 539
other
-
-
-
186
total
-
-
-
23 041
Employee
18 843
-
64 791
-
income
2 585
-
14 431
-
pensions
2 122
-
3 836
-
health
2 157
-
7 418
-
total
6 864
-
25 685
-
Employer
18 843
-
64 791
-
accident
315
-
1 082
-
unemployment
462
-
1 587
-
pensions
3 064
-
5 540
-
total
3 841
-
8 209
-
Corporate
50 317
73 000
-
-
income

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

45 285
65 700
-
-
total
45 285
65 700
-
-
Dividends
5 032
7 300
-
-
withholding
956
1 387
-
-
total
956
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
56 946
67 087
33 894
23 041
After tax
16 054
5 913
39 106
49 959
Living cost
11 979
11 979
11 979
11 979
Free-cash
4 075
-6 066
27 127
37 980

Estimated living cost  is ₴11979 per week

₴8791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52118
₴43049
₴34233
₴54514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 000
unemployment
-
-
-
876
pensions
-
-
-
13 432
income
-
-
-
11 776
health insurance
-
-
-
5 402
work injury
-
-
-
365
total
-
-
-
31 851
Employee

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

11 066
-
73 000
-
income
1 107
-
11 776
-
pensions
2 036
-
7 533
-
health insurance
819
-
3 030
-
unemployment
133
-
491
-
work injury
55
-
205
-
total
4 150
-
23 035
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 934
73 000
-
-
income

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

619
730
-
-
total
619
730
-
-
Dividends
61 315
72 270
-
-
withholding
9 197
10 840
-
-
total
9 197
10 840
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 966
11 570
23 035
31 851
After tax
59 034
61 430
49 965
41 149
Living cost
6 916
6 916
6 916
6 916
Free-cash
52 118
54 514
43 049
34 233

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴15729
₴11312
₴14634
₴18055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
national
-
-
-
17 053
regional
-
-
-
1 653
municipal
-
-
-
488
social contributions
-
-
-
18 776
total
-
-
-
37 970
Employee
43 143
-
73 000
-
regional
651
-
1 430
-
national
7 291
-
14 811
-
social contributions
14 547
-
24 616
-
municipal
257
-
435
-
total
22 746
-
41 292
-
Employer
43 143
-
73 000
-
total
-
-
-
-
Corporate
29 857
73 000
-
-
nationa
7 165
17 520
-
-
municipal
1 439
3 519
-
-
total
8 604
21 039
-
-
Dividends
21 253
51 961
-
-
withholding
5 525
13 510
-
-
total
5 525
13 510
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 875
34 549
41 292
37 970
After tax
36 125
38 451
31 708
35 030
Living cost
20 396
20 396
20 396
20 396
Free-cash
15 729
18 055
11 312
14 634

Estimated living cost  is ₴20396 per week

₴14327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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