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
₴27089
₴21477
₴32275
₴24492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 783
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.

-
-
-
20 750
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.

-
-
-
3 466
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.

-
-
-
1 141
total
-
-
-
33 140
Employee

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

19 406
-
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.

30
-
1 141
-
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.

3 466
-
3 466
-
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.

542
-
20 750
-
total
4 038
-
25 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 594
73 000
-
-
trade
8 441
11 497
-
-
income
8 039
10 950
-
-
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.

442
603
-
-
chamber of commerce
154
182
-
-
total
17 076
23 232
-
-
Dividends
36 518
49 768
-
-
withholding
8 937
12 249
-
-
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.

492
674
-
-
total
9 429
12 923
-
-
Income
73 000
73 000
73 000
73 000
Total tax
30 543
36 155
25 357
33 140
After tax
42 457
36 845
47 643
39 860
Living cost
15 368
15 368
15 368
15 368
Free-cash
27 089
21 477
32 275
24 492

Estimated living cost  is ₴15368 per week

₴9667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1792
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.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18977
₴19413
₴17823
₴17248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
785
pensions
-
-
-
8 760
municipal
-
-
-
7 871
national
-
-
-
12 197
total
-
-
-
29 613
Employee
40 521
-
63 108
-
national
7 756
-
12 634
-
municipal
5 005
-
8 153
-
pensions
1 621
-
2 524
-
total
14 382
-
23 311
-
Employer
40 521
-
63 108
-
pensions
3 242
-
5 049
-
social contributions
436
-
678
-
total
3 678
-
5 727
-
Corporate
26 128
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%.

5 226
14 600
-
-
total
5 226
14 600
-
-
Dividends
20 902
58 400
-
-
withholding
4 598
12 848
-
-
total
4 598
12 848
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 884
27 448
29 038
29 613
After tax
45 116
45 552
43 962
43 387
Living cost
26 139
26 139
26 139
26 139
Free-cash
18 977
19 413
17 823
17 248

Estimated living cost  is ₴26139 per week

₴17767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43684
₴47845
₴34257
₴12650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 439
income
-
-
-
11 741
microenterprise
-
-
-
-
surtax
-
-
-
18 615
total
-
-
-
49 795
Employee
14 826
-
51 775
-
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.

1 631
-
5 695
-
income
2 639
-
10 021
-
total
4 270
-
15 716
-
Employer
14 826
-
51 775
-
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.

3 571
-
12 472
-
surtax
-
-
-
-
total
3 571
-
12 472
-
Corporate
54 603
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%.

10 920
14 600
-
-
total
10 920
14 600
-
-
Dividends

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

43 683
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
18 761
14 600
28 188
49 795
After tax
54 239
58 400
44 812
23 205
Living cost
10 555
10 555
10 555
10 555
Free-cash
43 684
47 845
34 257
12 650

Estimated living cost  is ₴10555 per week

₴6734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2577
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11535
₴14643
₴22578
₴20188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 358
pensions
-
-
-
5 944
health
-
-
-
6 256
total
-
-
-
31 558
Employee
43 327
43 327
63 571
-
health
6 650
5 657
6 256
-
pensions
7 799
5 944
5 944
-
income

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

7 092
7 092
7 539
-
total
21 541
18 693
19 739
-
Employer
43 327
43 327
63 571
-
pensions
3 016
3 016
3 748
-
unemployment
1 560
1 560
1 938
-
health
3 012
3 012
3 743
-
total
7 588
7 588
9 429
-
Corporate
22 617
22 086
-
-
income
4 523
4 417
-
-
total
4 523
4 417
-
-
Dividends
18 094
17 668
-
-
withholding
2 714
2 651
-
-
income
3 845
3 754
-
-
total
6 559
6 405
-
-
Income
73 000
73 000
73 000
73 000
Total tax
40 211
37 103
29 168
31 558
After tax
32 789
35 897
43 832
41 442
Living cost
21 254
21 254
21 254
21 254
Free-cash
11 535
14 643
22 578
20 188

Estimated living cost  is ₴21254 per week

₴15062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18086
₴18564
₴16793
₴17366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 423
unemployment
-
-
-
47
pensions
-
-
-
5 045
municipal
-
-
-
17 737
accident
-
-
-
93
national
-
-
-
3 083
health
-
-
-
2 912
total
-
-
-
34 340
Employee
30 342
-
58 337
-
national
-
-
2 854
-
municipal
9 048
-
17 396
-
total
9 048
-
20 250
-
Employer
30 342
-
58 337
-
other
3 526
-
5 423
-
accident
61
-
93
-
pensions
3 280
-
5 045
-
unemployment
801
-
1 232
-
health
1 866
-
2 870
-
total
9 534
-
14 663
-
Corporate
33 125
73 000
-
-
income
7 287
16 060
-
-
total
7 287
16 060
-
-
Dividends
25 837
56 940
-
-
withholding
7 751
17 082
-
-
total
7 751
17 082
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 620
33 142
34 913
34 340
After tax
39 380
39 858
38 087
38 660
Living cost
21 294
21 294
21 294
21 294
Free-cash
18 086
18 564
16 793
17 366

Estimated living cost  is ₴21294 per week

₴14113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2090
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23668
₴16538
₴27711
₴19583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 128
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.

-
-
-
20 750
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.

-
-
-
3 466
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.

-
-
-
1 141
total
-
-
-
33 485
Employee

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

25 730
-
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.

121
-
1 141
-
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.

3 466
-
3 466
-
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.

2 211
-
20 750
-
total
5 798
-
25 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 270
73 000
-
-
trade
7 776
12 008
-
-
income
7 090
10 950
-
-
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.

390
603
-
-
chamber of commerce
144
181
-
-
total
15 400
23 742
-
-
Dividends
31 870
49 258
-
-
withholding
7 775
12 122
-
-
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.

427
666
-
-
total
8 202
12 788
-
-
Income
73 000
73 000
73 000
73 000
Total tax
29 400
36 530
25 357
33 485
After tax
43 600
36 470
47 643
39 515
Living cost
19 932
19 932
19 932
19 932
Free-cash
23 668
16 538
27 711
19 583

Estimated living cost  is ₴19932 per week

₴13330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34747
₴36851
₴33573
₴34260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
8 209
income
-
-
-
12 214
health
-
-
-
1 861
total
-
-
-
22 284
Employee
39 014
39 014
67 386
-
health
388
663
1 146
-
social contributions
1 896
3 238
4 367
-
income
4 097
3 612
11 844
-
total
6 381
7 513
17 357
-
Employer
39 014
39 014
67 386
-
social contributions
1 896
3 238
4 367
-
health
423
722
1 247
-
total
2 319
3 960
5 614
-
Corporate
47 844
30 026
-
-
income
5 980
3 753
-
-
total
5 980
3 753
-
-
Dividends
41 864
26 273
-
-
withholding
7 117
4 467
-
-
total
7 117
4 467
-
-
Income
73 000
73 000
73 000
73 000
Total tax
21 797
19 693
22 971
22 284
After tax
51 203
53 307
50 029
50 716
Living cost
16 456
16 456
16 456
16 456
Free-cash
34 747
36 851
33 573
34 260

Estimated living cost  is ₴16456 per week

₴11250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1285
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31805
₴31609
₴32881
₴41133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 924
pensions
-
-
-
7 300
health
-
-
-
5 110
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.

13 624
5 422
61 088
-
unemployment
204
81
916
-
health
954
380
4 276
-
pensions
1 362
542
6 109
-
income
1 665
663
7 468
-
total
4 185
1 666
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.

13 624
5 422
61 088
-
pensions
2 657
1 057
11 912
-
total
2 657
1 057
11 912
-
Corporate
56 720
66 521
-
-
income
5 105
5 987
-
-
total
5 105
5 987
-
-
Dividends
51 615
60 534
-
-
withholding
9 807
11 501
-
-
social contributions
10 003
11 742
-
-
total
19 810
23 243
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 757
31 953
30 681
22 429
After tax
41 243
41 047
42 319
50 571
Living cost
9 438
9 438
9 438
9 438
Free-cash
31 805
31 609
32 881
41 133

Estimated living cost  is ₴9438 per week

₴6440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42993
₴46145
₴29822
₴26873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 782
pensions
-
-
-
14 600
health
-
-
-
9 490
total
-
-
-
33 872
Employee
14 393
-
54 558
-
unemployment
230
-
873
-
pensions
288
-
1 091
-
income
1 620
-
10 519
-
total
2 138
-
12 483
-
Employer
14 393
-
54 558
-
pensions
2 879
-
10 912
-
unemployment
116
-
436
-
health
1 871
-
7 092
-
total
4 866
-
18 440
-
Corporate
53 742
73 000
-
-
income
10 748
14 600
-
-
total
10 748
14 600
-
-
Dividends
42 994
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
17 752
14 600
30 923
33 872
After tax
55 248
58 400
42 077
39 128
Living cost
12 255
12 255
12 255
12 255
Free-cash
42 993
46 145
29 822
26 873

Estimated living cost  is ₴12255 per week

₴8405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4161
-₴5507
₴27585
₴38550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
192
income
-
-
-
19 415
pensions
-
-
-
2 160
accident
-
-
-
131
health
-
-
-
1 132
total
-
-
-
23 030
Employee
17 964
-
64 619
-
health
2 057
-
7 399
-
pensions
2 023
-
3 960
-
income
2 465
-
14 255
-
total
6 545
-
25 614
-
Employer
17 964
-
64 619
-
accident
300
-
1 079
-
pensions
2 921
-
5 719
-
unemployment
440
-
1 583
-
total
3 661
-
8 381
-
Corporate
51 375
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.

46 237
65 700
-
-
total
46 237
65 700
-
-
Dividends
5 137
7 300
-
-
withholding
976
1 387
-
-
total
976
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
57 419
67 087
33 995
23 030
After tax
15 581
5 913
39 005
49 970
Living cost
11 420
11 420
11 420
11 420
Free-cash
4 161
-5 507
27 585
38 550

Estimated living cost  is ₴11420 per week

₴8370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64390
₴65173
₴54223
₴68093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 221
-
73 000
-
income
1 044
-
14 600
-
total
1 044
-
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%.

67 779
73 000
-
-
total
-
-
-
-
Dividends
67 779
73 000
-
-
withholding
3 389
3 650
-
-
total
3 389
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 433
3 650
14 600
730
After tax
68 567
69 350
58 400
72 270
Living cost
4 177
4 177
4 177
4 177
Free-cash
64 390
65 173
54 223
68 093

Estimated living cost  is ₴4177 per week

₴2589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴115
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36689
₴40114
₴28251
₴25228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 467
income
-
-
-
10 054
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.

-
-
-
17 520
health
-
-
-
3 212
total
-
-
-
34 253
Employee
18 422
-
58 306
-
unemployment
184
-
583
-
health
258
-
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.

1 289
-
4 081
-
income
3 172
-
11 059
-
total
4 903
-
16 539
-
Employer
18 422
-
58 306
-
other
921
-
2 914
-
accident
147
-
466
-
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.

3 132
-
9 912
-
unemployment
184
-
583
-
health
258
-
816
-
total
4 642
-
14 691
-
Corporate
49 935
73 000
-
-
income
10 486
15 330
-
-
total
10 486
15 330
-
-
Dividends
39 449
57 670
-
-
withholding
2 761
4 037
-
-
total
2 761
4 037
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 792
19 367
31 230
34 253
After tax
50 208
53 633
41 770
38 747
Living cost
13 519
13 519
13 519
13 519
Free-cash
36 689
40 114
28 251
25 228

Estimated living cost  is ₴13519 per week

₴9552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14089
₴15794
₴9207
₴15903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 193
pensions
-
-
-
4 217
total
-
-
-
23 410
Employee
47 662
-
63 915
-
health
785
-
987
-
pensions
4 598
-
5 303
-
income
8 592
-
14 730
-
total
13 975
-
21 020
-
Employer
47 662
-
63 915
-
pensions
5 628
-
7 871
-
health
905
-
1 215
-
total
6 533
-
9 086
-
Corporate
18 805
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.

3 573
13 870
-
-
total
3 573
13 870
-
-
Dividends
15 232
59 130
-
-
withholding
1 143
9 649
-
-
total
1 143
9 649
-
-
Income
73 000
73 000
73 000
73 000
Total tax
25 224
23 519
30 106
23 410
After tax
47 776
49 481
42 894
49 590
Living cost
33 687
33 687
33 687
33 687
Free-cash
14 089
15 794
9 207
15 903

Estimated living cost  is ₴33687 per week

₴25242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴53364
₴55732
₴53294
₴50613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
10 950
pensions

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

-
-
-
2 635
health
-
-
-
2 048
total
-
-
-
15 704
Employee
8 849
-
69 507
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
health
407
-
819
-
pensions

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

777
-
1 563
-
income
885
-
6 951
-
total
2 166
-
9 529
-
Employer
8 849
-
69 507
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 962
-
unemployment
53
-
107
-
health
611
-
1 229
-
total
1 736
-
3 494
-
Corporate
62 414
73 000
-
-
income
6 242
7 300
-
-
total
6 242
7 300
-
-
Dividends
56 172
65 700
-
-
withholding
2 809
3 285
-
-
total
2 809
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
12 953
10 585
13 023
15 704
After tax
60 047
62 415
59 977
57 296
Living cost
6 683
6 683
6 683
6 683
Free-cash
53 364
55 732
53 294
50 613

Estimated living cost  is ₴6683 per week

₴3902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴9040
₴7763
₴15698
₴13308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 358
pensions
-
-
-
5 944
health
-
-
-
6 256
total
-
-
-
31 558
Employee
47 039
43 327
63 571
-
health
5 868
5 657
6 256
-
pensions
5 944
5 944
5 944
-
income

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

7 092
7 092
7 539
-
total
18 904
18 693
19 739
-
Employer
47 039
43 327
63 571
-
pensions
3 274
3 016
3 748
-
unemployment
1 694
1 560
1 938
-
health
3 269
3 012
3 743
-
total
8 237
7 588
9 429
-
Corporate
17 725
22 086
-
-
income
3 545
4 417
-
-
total
3 545
4 417
-
-
Dividends
14 179
17 668
-
-
withholding
2 127
2 651
-
-
income
3 013
3 754
-
-
total
5 140
6 405
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 826
37 103
29 168
31 558
After tax
37 174
35 897
43 832
41 442
Living cost
28 134
28 134
28 134
28 134
Free-cash
9 040
7 763
15 698
13 308

Estimated living cost  is ₴28134 per week

₴20754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33131
₴37636
₴24421
₴25606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
18 167
income
-
-
-
6 747
health
-
-
-
9 855
solidarity contribution
-
-
-
-
total
-
-
-
34 769
Employee
18 566
-
54 478
-
solidarity contribution
-
-
-
-
health
2 506
-
7 354
-
social contributions
1 207
-
3 541
-
income
2 228
-
6 537
-
total
5 941
-
17 432
-
Employer
18 566
-
54 478
-
social contributions
4 642
-
13 619
-
health
1 671
-
4 903
-
total
6 313
-
18 522
-
Corporate
48 121
73 000
-
-
income
9 143
13 870
-
-
total
9 143
13 870
-
-
Dividends
38 978
59 130
-
-
withholding
5 847
8 869
-
-
total
5 847
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 244
22 739
35 954
34 769
After tax
45 756
50 261
37 046
38 231
Living cost
12 625
12 625
12 625
12 625
Free-cash
33 131
37 636
24 421
25 606

Estimated living cost  is ₴12625 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
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.
₴2709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14891
₴17539
₴11001
₴14436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
845
social contributions
-
-
-
18 775
municipal
-
-
-
434
national
-
-
-
17 101
total
-
-
-
37 155
Employee
45 092
-
73 000
-
national
7 813
-
14 843
-
regional
425
-
744
-
municipal
239
-
387
-
social contributions
15 205
-
24 616
-
total
23 682
-
40 590
-
Employer
45 092
-
73 000
-
total
-
-
-
-
Corporate
27 908
73 000
-
-
nationa
6 698
17 520
-
-
municipal
1 088
2 847
-
-
total
7 786
20 367
-
-
Dividends
20 122
52 633
-
-
withholding
5 232
13 685
-
-
total
5 232
13 685
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 700
34 052
40 590
37 155
After tax
36 300
38 948
32 410
35 845
Living cost
21 409
21 409
21 409
21 409
Free-cash
14 891
17 539
11 001
14 436

Estimated living cost  is ₴21409 per week

₴14924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33143
₴34721
₴21551
₴23444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
unemployment
-
-
-
116
income
-
-
-
17 416
pensions
-
-
-
13 543
health
-
-
-
4 807
surtax
-
-
-
2 478
total
-
-
-
38 360
Employee
16 778
-
60 305
-
surtax
55
-
2 179
-
unemployment
1 168
-
4 197
-
other
-
-
-
-
health
428
-
1 539
-
pensions
1 119
-
4 023
-
income
2 812
-
15 621
-
total
5 582
-
27 559
-
Employer
16 778
-
60 305
-
other
-
-
-
-
pensions
2 237
-
8 039
-
unemployment
531
-
1 911
-
health
764
-
2 744
-
total
3 532
-
12 694
-
Corporate
52 690
73 000
-
-
income
13 699
18 980
-
-
total
13 699
18 980
-
-
Dividends
38 991
54 020
-
-
withholding
5 848
8 103
-
-
total
5 848
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 661
27 083
40 253
38 360
After tax
44 339
45 917
32 747
34 640
Living cost
11 196
11 196
11 196
11 196
Free-cash
33 143
34 721
21 551
23 444

Estimated living cost  is ₴11196 per week

₴6846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27717
₴26467
₴19880
₴26576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 193
pensions
-
-
-
4 217
total
-
-
-
23 410
Employee
31 942
-
63 915
-
health
464
-
987
-
pensions
2 711
-
5 303
-
income
5 753
-
14 730
-
total
8 928
-
21 020
-
Employer
31 942
-
63 915
-
pensions
3 458
-
7 871
-
health
607
-
1 215
-
total
4 065
-
9 086
-
Corporate
36 994
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.

7 029
13 870
-
-
total
7 029
13 870
-
-
Dividends
29 965
59 130
-
-
withholding
2 247
9 649
-
-
total
2 247
9 649
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 269
23 519
30 106
23 410
After tax
50 731
49 481
42 894
49 590
Living cost
23 014
23 014
23 014
23 014
Free-cash
27 717
26 467
19 880
26 576

Estimated living cost  is ₴23014 per week

₴17242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10353
-₴6868
₴16135
₴19683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
city
-
-
-
769
regional
-
-
-
3 132
pensions
-
-
-
6 716
national
-
-
-
827
health
-
-
-
164
total
-
-
-
13 068
Employee
47 102
-
65 340
-
national
223
-
659
-
unemployment
-
-
-
-
city
506
-
702
-
regional
1 542
-
2 678
-
health
106
-
147
-
pensions
3 957
-
5 488
-
total
6 334
-
9 674
-
Employer
47 102
-
65 340
-
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.

942
-
1 307
-
pensions
3 957
-
5 488
-
unemployment
-
-
-
-
health
106
-
147
-
total
5 005
-
6 942
-
Corporate
20 375
73 000
-
-
regional
4 310
15 439
-
-
national
1 732
6 205
-
-
total
6 042
21 644
-
-
Dividends
14 333
51 356
-
-
withholding
5 017
17 975
-
-
total
5 017
17 975
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 398
39 619
16 616
13 068
After tax
50 602
33 381
56 384
59 932
Living cost
40 249
40 249
40 249
40 249
Free-cash
10 353
-6 868
16 135
19 683

Estimated living cost  is ₴40249 per week

₴26174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21079
₴12850
₴24400
₴15926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 474
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.

-
-
-
20 750
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.

-
-
-
3 466
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.

-
-
-
1 141
total
-
-
-
33 831
Employee

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

30 492
-
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.

197
-
1 141
-
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.

3 466
-
3 466
-
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.

3 586
-
20 750
-
total
7 249
-
25 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 508
73 000
-
-
trade
7 291
12 520
-
-
income
6 376
10 950
-
-
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.

350
603
-
-
chamber of commerce
137
180
-
-
total
14 154
24 253
-
-
Dividends
28 355
48 747
-
-
withholding
6 896
11 994
-
-
surtax

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

379
660
-
-
total
7 275
12 654
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 678
36 907
25 357
33 831
After tax
44 322
36 093
47 643
39 169
Living cost
23 243
23 243
23 243
23 243
Free-cash
21 079
12 850
24 400
15 926

Estimated living cost  is ₴23243 per week

₴16976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22431
₴19434
₴24591
₴24043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 263
social contributions
-
-
-
2 080
income
-
-
-
10 102
pensions
-
-
-
14 577
health
-
-
-
2 576
surtax
-
-
-
-
total
-
-
-
31 598
Employee
21 715
-
57 480
-
surtax
-
-
-
-
pensions
2 455
-
3 589
-
social contributions
619
-
1 638
-
income
1 282
-
10 303
-
total
4 356
-
15 530
-
Employer
21 715
-
57 480
-
other
749
-
2 069
-
pensions
3 567
-
6 115
-
unemployment
879
-
2 328
-
social contributions
65
-
172
-
health
1 520
-
4 836
-
total
6 780
-
15 520
-
Corporate
44 504
73 000
-
-
income
12 461
20 440
-
-
surtax
-
-
-
-
total
12 461
20 440
-
-
Dividends
32 043
52 560
-
-
withholding
4 102
6 727
-
-
social contributions
5 511
9 040
-
-
surtax
-
-
-
-
total
9 613
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 210
36 207
31 050
31 598
After tax
39 790
36 793
41 950
41 402
Living cost
17 359
17 359
17 359
17 359
Free-cash
22 431
19 434
24 591
24 043

Estimated living cost  is ₴17359 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴4707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23970
₴21154
₴26311
₴25763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 263
social contributions
-
-
-
2 080
income
-
-
-
10 102
pensions
-
-
-
14 577
health
-
-
-
2 576
surtax
-
-
-
-
total
-
-
-
31 598
Employee
19 383
-
57 480
-
surtax
-
-
-
-
pensions
2 192
-
3 589
-
social contributions
553
-
1 638
-
income
999
-
10 303
-
total
3 744
-
15 530
-
Employer
19 383
-
57 480
-
other
669
-
2 069
-
pensions
3 185
-
6 115
-
unemployment
785
-
2 328
-
social contributions
58
-
172
-
health
1 357
-
4 836
-
total
6 054
-
15 520
-
Corporate
47 563
73 000
-
-
income
13 318
20 440
-
-
surtax
-
-
-
-
total
13 318
20 440
-
-
Dividends
34 246
52 560
-
-
withholding
4 384
6 727
-
-
social contributions
5 891
9 040
-
-
surtax
-
-
-
-
total
10 275
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 391
36 207
31 050
31 598
After tax
39 609
36 793
41 950
41 402
Living cost
15 639
15 639
15 639
15 639
Free-cash
23 970
21 154
26 311
25 763

Estimated living cost  is ₴15639 per week

₴9070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34041
₴33777
₴35097
₴36122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
10 074
income
-
-
-
10 950
health
-
-
-
5 095
total
-
-
-
26 119
Employee
17 203
-
73 000
-
health
1 201
-
5 095
-
social contributions
2 374
-
10 074
-
income
2 869
-
11 975
-
total
6 444
-
27 144
-
Employer
17 203
-
73 000
-
total
-
-
-
-
Corporate
55 797
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%.

2 790
3 650
-
-
total
2 790
3 650
-
-
Dividends
53 007
69 350
-
-
health
3 700
4 841
-
-
withholding
7 951
10 402
-
-
social contributions
7 315
9 571
-
-
total
18 966
24 814
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 200
28 464
27 144
26 119
After tax
44 800
44 536
45 856
46 881
Living cost
10 759
10 759
10 759
10 759
Free-cash
34 041
33 777
35 097
36 122

Estimated living cost  is ₴10759 per week

₴7200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴663
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.
₴2647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21884
₴22668
₴1407
₴19341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
292
unemployment
-
-
-
3 112
income
-
-
-
16 777
pensions
-
-
-
10 966
health
-
-
-
4 534
surtax
-
-
-
100
total
-
-
-
35 781
Employee
25 356
20 219
56 608
-
unemployment
761
607
1 698
-
other
253
202
566
-
health
981
783
2 190
-
pensions
2 597
2 070
5 796
-
income
2 887
1 491
13 404
-
total
7 479
5 153
23 654
-
Employer
25 356
20 219
56 608
-
payroll
761
607
1 698
-
other
1 204
960
2 689
-
accident
329
263
736
-
pensions
3 182
2 538
7 105
-
unemployment
761
607
1 698
-
chamber of commerce
101
81
226
-
surtax
100
100
100
-
health
958
764
2 139
-
total
7 396
5 920
16 391
-
Corporate
40 248
46 861
54 682
-
income

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

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

10 062
11 716
13 670
-
total
10 062
11 716
13 670
-
Dividends
30 186
35 145
-
-
withholding
8 301
9 665
-
-
total
8 301
9 665
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 238
32 454
53 715
35 781
After tax
39 762
40 546
19 285
37 219
Living cost
17 878
17 878
17 878
17 878
Free-cash
21 884
22 668
1 407
19 341

Estimated living cost  is ₴17878 per week

₴11924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1525
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.
₴4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14750
₴22362
₴8117
₴13572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
11 450
national
-
-
-
25 786
communal

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

-
-
-
3 693
total
-
-
-
40 929
Employee

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

36 292
-
56 540
-
national
11 158
-
19 587
-
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.

316
-
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.

1 705
-
2 657
-
pensions

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

2 722
-
4 240
-
communal

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

1 893
-
2 949
-
total
17 794
-
29 925
-
Employer

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

36 292
-
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.

472
-
735
-
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.

3 216
-
5 010
-
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.

530
-
825
-
surtax
4 115
-
6 412
-
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.

2 232
-
3 477
-
total
10 565
-
16 459
-
Corporate
26 143
73 000
-
-
income
5 229
14 600
-
-
surtax
105
292
-
-
total
5 334
14 892
-
-
Dividends
20 809
58 108
-
-
withholding

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

6 058
17 247
-
-
total
6 058
17 247
-
-
Income
73 000
73 000
73 000
73 000
Total tax
39 751
32 139
46 384
40 929
After tax
33 249
40 861
26 616
32 071
Living cost
18 499
18 499
18 499
18 499
Free-cash
14 750
22 362
8 117
13 572

Estimated living cost  is ₴18499 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴4676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26770
₴30534
₴20479
₴22828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
unemployment
-
-
-
329
income
-
-
-
17 741
pensions
-
-
-
13 308
accident
-
-
-
424
total
-
-
-
31 849
Employee
25 256
-
58 008
-
unemployment
392
-
729
-
other
25
-
47
-
pensions
1 187
-
2 211
-
income
5 329
-
16 219
-
total
6 933
-
19 206
-
Employer
25 256
-
58 008
-
other
201
-
376
-
accident
500
-
931
-
pensions
5 960
-
11 099
-
unemployment
1 389
-
2 586
-
total
8 050
-
14 992
-
Corporate
39 694
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.

5 954
10 950
-
-
total
5 954
10 950
-
-
Dividends
33 740
62 050
-
-
withholding
6 970
13 193
-
-
total
6 970
13 193
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 907
24 143
34 198
31 849
After tax
45 093
48 857
38 802
41 151
Living cost
18 323
18 323
18 323
18 323
Free-cash
26 770
30 534
20 479
22 828

Estimated living cost  is ₴18323 per week

₴13493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴10397
₴16000
₴13263
₴10353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 157
pensions
-
-
-
10 942
accident
-
-
-
615
communal
-
-
-
4 614
health
-
-
-
5 128
surtax
-
-
-
3 619
total
-
-
-
35 075
Employee
38 423
-
65 208
-
surtax
2 355
-
3 997
-
health
1 710
-
2 901
-
pensions
3 073
-
5 217
-
income
3 711
-
12 258
-
total
10 849
-
24 373
-
Employer
38 423
-
65 208
-
accident
346
-
587
-
pensions
3 073
-
5 217
-
health
1 172
-
1 988
-
total
4 591
-
7 792
-
Corporate
29 987
73 000
-
-
income
4 498
10 950
-
-
communal
2 024
4 928
-
-
surtax
315
766
-
-
total
6 837
16 644
-
-
Dividends
23 150
56 356
-
-
withholding
3 473
8 454
-
-
income
9 281
4 330
-
-
total
12 754
12 784
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 031
29 428
32 165
35 075
After tax
37 969
43 572
40 835
37 925
Living cost
27 572
27 572
27 572
27 572
Free-cash
10 397
16 000
13 263
10 353

Estimated living cost  is ₴27572 per week

₴20683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
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.
₴4926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32908
₴34521
₴21351
₴23244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
unemployment
-
-
-
116
income
-
-
-
17 416
pensions
-
-
-
13 543
health
-
-
-
4 807
surtax
-
-
-
2 478
total
-
-
-
38 360
Employee
17 086
-
60 305
-
surtax
61
-
2 179
-
unemployment
1 189
-
4 197
-
other
-
-
-
-
health
436
-
1 539
-
pensions
1 140
-
4 023
-
income
2 864
-
15 621
-
total
5 690
-
27 559
-
Employer
17 086
-
60 305
-
other
-
-
-
-
pensions
2 278
-
8 039
-
unemployment
542
-
1 911
-
health
777
-
2 744
-
total
3 597
-
12 694
-
Corporate
52 316
73 000
-
-
income
13 602
18 980
-
-
total
13 602
18 980
-
-
Dividends
38 715
54 020
-
-
withholding
5 807
8 103
-
-
total
5 807
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 696
27 083
40 253
38 360
After tax
44 304
45 917
32 747
34 640
Living cost
11 396
11 396
11 396
11 396
Free-cash
32 908
34 521
21 351
23 244

Estimated living cost  is ₴11396 per week

₴6880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23577
₴24703
₴18505
₴21922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 101
social contributions
-
-
-
18 775
municipal
-
-
-
434
national
-
-
-
17 101
total
-
-
-
37 411
Employee
28 144
-
73 000
-
national
4 459
-
14 843
-
regional
379
-
982
-
municipal
149
-
387
-
social contributions
9 491
-
24 616
-
total
14 478
-
40 828
-
Employer
28 144
-
73 000
-
total
-
-
-
-
Corporate
44 856
73 000
-
-
nationa
10 765
17 520
-
-
municipal
2 229
3 628
-
-
total
12 994
21 148
-
-
Dividends
31 861
51 852
-
-
withholding
8 284
13 482
-
-
total
8 284
13 482
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 756
34 630
40 828
37 411
After tax
37 244
38 370
32 172
35 589
Living cost
13 667
13 667
13 667
13 667
Free-cash
23 577
24 703
18 505
21 922

Estimated living cost  is ₴13667 per week

₴8500
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29153
₴34704
₴21489
₴22674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
18 167
income
-
-
-
6 747
health
-
-
-
9 855
solidarity contribution
-
-
-
-
total
-
-
-
34 769
Employee
22 879
-
54 478
-
solidarity contribution
-
-
-
-
health
3 089
-
7 354
-
social contributions
1 487
-
3 541
-
income
2 745
-
6 537
-
total
7 321
-
17 432
-
Employer
22 879
-
54 478
-
social contributions
5 720
-
13 619
-
health
2 059
-
4 903
-
total
7 779
-
18 522
-
Corporate
42 343
73 000
-
-
income
8 045
13 870
-
-
total
8 045
13 870
-
-
Dividends
34 298
59 130
-
-
withholding
5 145
8 869
-
-
total
5 145
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 290
22 739
35 954
34 769
After tax
44 710
50 261
37 046
38 231
Living cost
15 557
15 557
15 557
15 557
Free-cash
29 153
34 704
21 489
22 674

Estimated living cost  is ₴15557 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24164
₴24413
₴3117
₴21132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
292
unemployment
-
-
-
3 112
income
-
-
-
16 777
pensions
-
-
-
10 966
health
-
-
-
4 534
surtax
-
-
-
-
total
-
-
-
35 681
Employee
22 179
20 219
56 686
-
unemployment
665
607
1 700
-
other
221
202
567
-
health
858
783
2 193
-
pensions
2 271
2 070
5 805
-
income
1 976
1 491
13 430
-
total
5 991
5 153
23 695
-
Employer
22 179
20 219
56 686
-
payroll
665
607
1 700
-
other
1 053
960
2 692
-
accident
288
263
737
-
pensions
2 784
2 538
7 114
-
unemployment
665
607
1 700
-
chamber of commerce
89
81
226
-
surtax
-
-
-
-
health
839
764
2 142
-
total
6 383
5 820
16 311
-
Corporate
44 439
46 961
54 762
-
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.

11 110
11 741
13 690
-
total
11 110
11 741
13 690
-
Dividends
33 329
35 221
-
-
withholding
9 165
9 686
-
-
total
9 165
9 686
-
-
Income
73 000
73 000
73 000
73 000
Total tax
32 649
32 400
53 696
35 681
After tax
40 351
40 600
19 304
37 319
Living cost
16 187
16 187
16 187
16 187
Free-cash
24 164
24 413
3 117
21 132

Estimated living cost  is ₴16187 per week

₴9710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61621
₴62841
₴51891
₴65761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 137
-
73 000
-
income
1 627
-
14 600
-
total
1 627
-
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%.

64 863
73 000
-
-
total
-
-
-
-
Dividends
64 863
73 000
-
-
withholding
3 243
3 650
-
-
total
3 243
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 870
3 650
14 600
730
After tax
68 130
69 350
58 400
72 270
Living cost
6 509
6 509
6 509
6 509
Free-cash
61 621
62 841
51 891
65 761

Estimated living cost  is ₴6509 per week

₴4405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32408
₴36651
₴20940
₴22875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 891
pensions
-
-
-
13 331
health
-
-
-
7 184
total
-
-
-
36 516
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.

22 436
-
63 165
-
unemployment
32
-
89
-
health
1 449
-
4 080
-
pensions
3 478
-
9 791
-
income
3 869
-
14 655
-
total
8 828
-
28 615
-
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.

22 436
-
63 165
-
pensions
1 985
-
5 590
-
unemployment
13
-
38
-
health
1 494
-
4 208
-
total
3 492
-
9 836
-
Corporate
47 071
73 000
-
-
income
8 944
13 870
-
-
total
8 944
13 870
-
-
Dividends
38 127
59 130
-
-
withholding
5 719
8 870
-
-
total
5 719
8 870
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 983
22 740
38 451
36 516
After tax
46 017
50 260
34 549
36 484
Living cost
13 609
13 609
13 609
13 609
Free-cash
32 408
36 651
20 940
22 875

Estimated living cost  is ₴13609 per week

₴9339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2519
₴22559
₴44483
₴28595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
8 322
income
-
-
-
14 229
total
-
-
-
22 551
Employee
31 336
-
-
-
social contributions
2 570
-
366
-
income
6 912
-
-
-
total
9 482
-
366
-
Employer
31 336
-
-
-
social contributions
44 183
-
6 297
-
total
44 183
-
6 297
-
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
53 665
28 587
6 663
22 551
After tax
19 335
44 413
66 337
50 449
Living cost
21 854
21 854
21 854
21 854
Free-cash
-2 519
22 559
44 483
28 595

Estimated living cost  is ₴21854 per week

₴14180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25097
₴25608
₴18697
₴23743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
25 368
income
-
-
-
7 975
surtax
-
-
-
-
total
-
-
-
33 343
Employee
23 335
-
58 990
-
surtax
-
-
-
-
social contributions
2 567
-
6 488
-
income
4 854
-
17 891
-
total
7 421
-
24 379
-
Employer
23 335
-
58 990
-
social contributions
5 542
-
14 010
-
total
5 542
-
14 010
-
Corporate
44 123
73 000
-
-
income
9 266
15 330
-
-
surtax
-
-
-
-
total
9 266
15 330
-
-
Dividends
34 857
57 670
-
-
withholding
9 760
16 148
-
-
total
9 760
16 148
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 989
31 478
38 389
33 343
After tax
41 011
41 522
34 611
39 657
Living cost
15 915
15 915
15 915
15 915
Free-cash
25 097
25 608
18 697
23 743

Estimated living cost  is ₴15915 per week

₴11907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴939
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.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴15775
₴12288
₴17445
₴16897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 263
social contributions
-
-
-
2 080
income
-
-
-
10 102
pensions
-
-
-
14 577
health
-
-
-
2 576
surtax
-
-
-
-
total
-
-
-
31 598
Employee
31 777
-
57 480
-
surtax
-
-
-
-
pensions
3 594
-
3 589
-
social contributions
905
-
1 638
-
income
2 773
-
10 303
-
total
7 272
-
15 530
-
Employer
31 777
-
57 480
-
other
1 097
-
2 069
-
pensions
5 221
-
6 115
-
unemployment
1 287
-
2 328
-
social contributions
95
-
172
-
health
2 224
-
4 836
-
total
9 924
-
15 520
-
Corporate
31 298
73 000
-
-
income
8 764
20 440
-
-
surtax
-
-
-
-
total
8 764
20 440
-
-
Dividends
22 534
52 560
-
-
withholding
2 885
6 727
-
-
social contributions
3 875
9 040
-
-
surtax
-
-
-
-
total
6 760
15 767
-
-
Income
73 000
73 000
73 000
73 000
Total tax
32 720
36 207
31 050
31 598
After tax
40 280
36 793
41 950
41 402
Living cost
24 505
24 505
24 505
24 505
Free-cash
15 775
12 288
17 445
16 897

Estimated living cost  is ₴24505 per week

₴16585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48745
₴50449
₴41015
₴39076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 613
social contributions
-
-
-
16 060
total
-
-
-
18 673
Employee
16 311
-
63 203
-
social contributions
1 060
-
4 108
-
income
-
-
2 829
-
total
1 060
-
6 937
-
Employer
16 311
-
63 203
-
social contributions
2 528
-
9 797
-
total
2 528
-
9 797
-
Corporate
54 160
73 000
-
-
income
5 416
7 300
-
-
total
5 416
7 300
-
-
Dividends
48 744
65 700
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
9 004
7 300
16 734
18 673
After tax
63 996
65 700
56 266
54 327
Living cost
15 251
15 251
15 251
15 251
Free-cash
48 745
50 449
41 015
39 076

Estimated living cost  is ₴15251 per week

₴9861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1150
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.
₴3953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴37379
-₴37379
-₴37379
₴19594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
439
municipal
-
-
-
14 724
labour market
-
-
-
5 805
national
-
-
-
8 040
total
-
-
-
29 008
Employee
102 980
102 980
102 980
-
national
12 581
12 581
12 581
-
municipal
21 929
21 929
21 929
-
labour market
8 227
8 227
8 227
-
pensions
146
146
146
-
total
42 883
42 883
42 883
-
Employer
102 980
102 980
102 980
-
municipal
21 964
21 964
21 964
-
pensions
293
293
293
-
national
12 603
12 603
12 603
-
labour market
8 238
8 238
8 238
-
total
43 098
43 098
43 098
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
85 981
85 981
85 981
29 008
After tax
-12 981
-12 981
-12 981
43 992
Living cost
24 398
24 398
24 398
24 398
Free-cash
-37 379
-37 379
-37 379
19 594

Estimated living cost  is ₴24398 per week

₴16699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴375
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4187
-₴5338
₴27754
₴38719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
192
income
-
-
-
19 415
pensions
-
-
-
2 160
accident
-
-
-
131
health
-
-
-
1 132
total
-
-
-
23 030
Employee
17 699
-
64 619
-
health
2 027
-
7 399
-
pensions
1 993
-
3 960
-
income
2 428
-
14 255
-
total
6 448
-
25 614
-
Employer
17 699
-
64 619
-
accident
296
-
1 079
-
pensions
2 878
-
5 719
-
unemployment
434
-
1 583
-
total
3 608
-
8 381
-
Corporate
51 694
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.

46 524
65 700
-
-
total
46 524
65 700
-
-
Dividends
5 169
7 300
-
-
withholding
982
1 387
-
-
total
982
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
57 562
67 087
33 995
23 030
After tax
15 438
5 913
39 005
49 970
Living cost
11 251
11 251
11 251
11 251
Free-cash
4 187
-5 338
27 754
38 719

Estimated living cost  is ₴11251 per week

₴8190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28091
₴27281
₴19854
₴29865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 976
national
-
-
-
9 767
health
-
-
-
913
total
-
-
-
23 656
Employee
26 694
-
61 411
-
national
441
-
6 266
-
unemployment
401
-
921
-
health
199
-
734
-
municipal
4 372
-
10 011
-
pensions
1 801
-
4 145
-
total
7 214
-
22 077
-
Employer
26 694
-
61 411
-
accident
27
-
62
-
pensions
4 631
-
10 655
-
unemployment
173
-
400
-
health
205
-
473
-
total
5 036
-
11 590
-
Corporate
41 270
73 000
-
-
income
8 254
14 600
-
-
total
8 254
14 600
-
-
Dividends

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

24 762
43 800
-
-
municipal
4 457
7 884
-
-
national
469
3 756
-
-
total
4 926
11 640
-
-
Income
73 000
73 000
73 000
73 000
Total tax
25 430
26 240
33 667
23 656
After tax
47 570
46 760
39 333
49 344
Living cost
19 479
19 479
19 479
19 479
Free-cash
28 091
27 281
19 854
29 865

Estimated living cost  is ₴19479 per week

₴12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1874
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.
₴4572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38800
₴41560
₴38282
₴38969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
8 209
income
-
-
-
12 214
health
-
-
-
1 861
total
-
-
-
22 284
Employee
39 014
39 014
67 386
-
health
302
663
1 146
-
social contributions
1 475
3 238
4 367
-
income
4 248
3 612
11 844
-
total
6 025
7 513
17 357
-
Employer
39 014
39 014
67 386
-
social contributions
1 475
3 238
4 367
-
health
328
722
1 247
-
total
1 803
3 960
5 614
-
Corporate
53 424
30 026
-
-
income
6 678
3 753
-
-
total
6 678
3 753
-
-
Dividends
46 746
26 273
-
-
withholding
7 947
4 467
-
-
total
7 947
4 467
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 453
19 693
22 971
22 284
After tax
50 547
53 307
50 029
50 716
Living cost
11 747
11 747
11 747
11 747
Free-cash
38 800
41 560
38 282
38 969

Estimated living cost  is ₴11747 per week

₴7040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1153
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.
₴3295
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49814
₴52397
₴42398
₴52575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
7 293
pensions
-
-
-
3 227
health
-
-
-
1 836
total
-
-
-
12 370
Employee

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

11 646
-
68 041
-
unemployment
58
-
241
-
health
990
-
4 092
-
pensions
1 747
-
7 221
-
income
796
-
6 034
-
total
3 591
-
17 588
-
Employer

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

11 646
-
68 041
-
pensions
640
-
2 648
-
unemployment
58
-
241
-
health
501
-
2 070
-
total
1 199
-
4 959
-
Corporate
60 155
73 000
-
-
income
5 414
6 570
-
-
total
5 414
6 570
-
-
Dividends
54 741
66 430
-
-
withholding
4 927
5 978
-
-
total
4 927
5 978
-
-
Income
73 000
73 000
73 000
73 000
Total tax
15 131
12 548
22 547
12 370
After tax
57 869
60 452
50 453
60 630
Living cost
8 055
8 055
8 055
8 055
Free-cash
49 814
52 397
42 398
52 575

Estimated living cost  is ₴8055 per week

₴5140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴581
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32521
₴34905
₴24850
₴27199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
unemployment
-
-
-
329
income
-
-
-
17 741
pensions
-
-
-
13 308
accident
-
-
-
424
total
-
-
-
31 849
Employee
18 760
-
58 008
-
unemployment
291
-
729
-
other
18
-
47
-
pensions
882
-
2 211
-
income
3 617
-
16 219
-
total
4 808
-
19 206
-
Employer
18 760
-
58 008
-
other
150
-
376
-
accident
372
-
931
-
pensions
4 427
-
11 099
-
unemployment
1 032
-
2 586
-
total
5 981
-
14 992
-
Corporate
48 259
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.

7 239
10 950
-
-
total
7 239
10 950
-
-
Dividends
41 020
62 050
-
-
withholding
8 499
13 193
-
-
total
8 499
13 193
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 527
24 143
34 198
31 849
After tax
46 473
48 857
38 802
41 151
Living cost
13 952
13 952
13 952
13 952
Free-cash
32 521
34 905
24 850
27 199

Estimated living cost  is ₴13952 per week

₴9417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴2949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44435
₴44593
₴45859
₴45928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 906
pensions
-
-
-
700
health
-
-
-
507
total
-
-
-
26 113
Employee
1 461
-
72 213
-
unemployment
15
-
35
-
health
73
-
175
-
pensions
131
-
315
-
income
283
-
24 870
-
total
502
-
25 395
-
Employer
1 461
-
72 213
-
pensions
161
-
385
-
unemployment
29
-
70
-
health
139
-
332
-
total
329
-
787
-
Corporate
71 211
73 000
-
-
income
15 666
16 060
-
-
total
15 666
16 060
-
-
Dividends
55 544
56 940
-
-
withholding
11 109
11 388
-
-
total
11 109
11 388
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 606
27 448
26 182
26 113
After tax
45 394
45 552
46 818
46 887
Living cost
959
959
959
959
Free-cash
44 435
44 593
45 859
45 928

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41483
₴43978
₴33943
₴33944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
562
income
-
-
-
16 133
pensions
-
-
-
9 738
health
-
-
-
3 858
total
-
-
-
30 291
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.

13 217
-
66 295
-
unemployment
99
-
281
-
health
681
-
1 929
-
pensions
1 850
-
5 244
-
income
1 822
-
16 133
-
total
4 452
-
23 587
-
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.

13 217
-
66 295
-
pensions
1 586
-
4 495
-
unemployment
99
-
281
-
health
681
-
1 929
-
total
2 366
-
6 705
-
Corporate
57 417
73 000
-
-
income
8 613
10 950
-
-
total
8 613
10 950
-
-
Dividends
48 805
62 050
-
-
withholding
7 321
9 307
-
-
total
7 321
9 307
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 752
20 257
30 292
30 291
After tax
50 248
52 743
42 708
42 709
Living cost
8 765
8 765
8 765
8 765
Free-cash
41 483
43 978
33 943
33 944

Estimated living cost  is ₴8765 per week

₴5901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴678
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.
₴1932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27661
₴27844
₴20933
₴25979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
25 368
income
-
-
-
7 975
surtax
-
-
-
-
total
-
-
-
33 343
Employee
19 692
-
58 990
-
surtax
-
-
-
-
social contributions
2 166
-
6 488
-
income
3 848
-
17 891
-
total
6 014
-
24 379
-
Employer
19 692
-
58 990
-
social contributions
4 676
-
14 010
-
total
4 676
-
14 010
-
Corporate
48 631
73 000
-
-
income
10 213
15 330
-
-
surtax
-
-
-
-
total
10 213
15 330
-
-
Dividends
38 419
57 670
-
-
withholding
10 758
16 148
-
-
total
10 758
16 148
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 661
31 478
38 389
33 343
After tax
41 339
41 522
34 611
39 657
Living cost
13 678
13 678
13 678
13 678
Free-cash
27 661
27 844
20 933
25 979

Estimated living cost  is ₴13678 per week

₴9688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27435
₴31026
₴20971
₴23320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
unemployment
-
-
-
329
income
-
-
-
17 741
pensions
-
-
-
13 308
accident
-
-
-
424
total
-
-
-
31 849
Employee
24 504
-
58 008
-
unemployment
379
-
729
-
other
24
-
47
-
pensions
1 152
-
2 211
-
income
5 118
-
16 219
-
total
6 673
-
19 206
-
Employer
24 504
-
58 008
-
other
196
-
376
-
accident
485
-
931
-
pensions
5 783
-
11 099
-
unemployment
1 348
-
2 586
-
total
7 812
-
14 992
-
Corporate
40 684
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.

6 102
10 950
-
-
total
6 102
10 950
-
-
Dividends
34 582
62 050
-
-
withholding
7 147
13 193
-
-
total
7 147
13 193
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 734
24 143
34 198
31 849
After tax
45 266
48 857
38 802
41 151
Living cost
17 831
17 831
17 831
17 831
Free-cash
27 435
31 026
20 971
23 320

Estimated living cost  is ₴17831 per week

₴12806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1386
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3388
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50540
₴53646
₴51208
₴48527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
10 950
pensions

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

-
-
-
2 635
health
-
-
-
2 048
total
-
-
-
15 704
Employee
11 611
-
69 507
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
health
534
-
819
-
pensions

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

1 019
-
1 563
-
income
1 161
-
6 951
-
total
2 842
-
9 529
-
Employer
11 611
-
69 507
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 962
-
unemployment
70
-
107
-
health
801
-
1 229
-
total
2 278
-
3 494
-
Corporate
59 111
73 000
-
-
income
5 911
7 300
-
-
total
5 911
7 300
-
-
Dividends
53 200
65 700
-
-
withholding
2 660
3 285
-
-
total
2 660
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 691
10 585
13 023
15 704
After tax
59 309
62 415
59 977
57 296
Living cost
8 769
8 769
8 769
8 769
Free-cash
50 540
53 646
51 208
48 527

Estimated living cost  is ₴8769 per week

₴5799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24646
₴18008
₴28055
₴20965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 090
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.

-
-
-
20 750
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.

-
-
-
3 466
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.

-
-
-
1 141
total
-
-
-
32 447
Employee

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

25 245
-
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.

115
-
1 141
-
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.

3 466
-
3 466
-
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.

2 076
-
20 750
-
total
5 657
-
25 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 755
73 000
-
-
trade
6 852
10 476
-
-
income
7 163
10 950
-
-
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.

394
603
-
-
chamber of commerce
147
184
-
-
total
14 556
22 213
-
-
Dividends
33 198
50 788
-
-
withholding
8 107
12 504
-
-
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.

446
687
-
-
total
8 553
13 191
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 766
35 404
25 357
32 447
After tax
44 234
37 596
47 643
40 553
Living cost
19 588
19 588
19 588
19 588
Free-cash
24 646
18 008
28 055
20 965

Estimated living cost  is ₴19588 per week

₴13512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23318
₴22198
₴11485
₴11485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
11 800
income
-
-
-
20 813
total
-
-
-
32 613
Employee
39 688
-
73 000
-
social contributions
3 297
-
11 800
-
income
7 489
-
20 813
-
total
10 786
-
32 613
-
Employer
39 688
-
73 000
-
total
-
-
-
-
Corporate
33 312
73 000
-
-
income
4 164
9 125
-
-
total
4 164
9 125
-
-
Dividends
29 148
63 875
-
-
withholding
5 830
12 775
-
-
total
5 830
12 775
-
-
Income
73 000
73 000
73 000
73 000
Total tax
20 780
21 900
32 613
32 613
After tax
52 220
51 100
40 387
40 387
Living cost
28 902
28 902
28 902
28 902
Free-cash
23 318
22 198
11 485
11 485

Estimated living cost  is ₴28902 per week

₴21988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28124
₴26351
₴34485
₴37039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 101
income
-
-
-
14 442
total
-
-
-
17 543
Employee
23 275
-
70 666
-
social contributions
2 332
-
2 334
-
income
2 525
-
15 429
-
total
4 857
-
17 763
-
Employer
23 275
-
70 666
-
social contributions
2 332
-
2 334
-
total
2 332
-
2 334
-
Corporate
47 393
73 000
-
-
income
16 588
25 550
-
-
total
16 588
25 550
-
-
Dividends
30 805
47 450
-
-
social contributions
2 681
2 681
-
-
total
2 681
2 681
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 458
28 231
20 097
17 543
After tax
46 542
44 769
52 903
55 457
Living cost
18 418
18 418
18 418
18 418
Free-cash
28 124
26 351
34 485
37 039

Estimated living cost  is ₴18418 per week

₴12132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1452
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.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33143
₴30771
₴24184
₴30880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 193
pensions
-
-
-
4 217
total
-
-
-
23 410
Employee
25 682
-
63 915
-
health
335
-
987
-
pensions
1 960
-
5 303
-
income
4 677
-
14 730
-
total
6 972
-
21 020
-
Employer
25 682
-
63 915
-
pensions
2 595
-
7 871
-
health
488
-
1 215
-
total
3 083
-
9 086
-
Corporate
44 236
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.

8 405
13 870
-
-
total
8 405
13 870
-
-
Dividends
35 830
59 130
-
-
withholding
2 687
9 649
-
-
total
2 687
9 649
-
-
Income
73 000
73 000
73 000
73 000
Total tax
21 147
23 519
30 106
23 410
After tax
51 853
49 481
42 894
49 590
Living cost
18 710
18 710
18 710
18 710
Free-cash
33 143
30 771
24 184
30 880

Estimated living cost  is ₴18710 per week

₴12835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4017
-₴6452
₴26640
₴37605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
192
income
-
-
-
19 415
pensions
-
-
-
2 160
accident
-
-
-
131
health
-
-
-
1 132
total
-
-
-
23 030
Employee
19 451
-
64 619
-
health
2 227
-
7 399
-
pensions
2 190
-
3 960
-
income
2 669
-
14 255
-
total
7 086
-
25 614
-
Employer
19 451
-
64 619
-
accident
325
-
1 079
-
pensions
3 163
-
5 719
-
unemployment
476
-
1 583
-
total
3 964
-
8 381
-
Corporate
49 585
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.

44 626
65 700
-
-
total
44 626
65 700
-
-
Dividends
4 958
7 300
-
-
withholding
942
1 387
-
-
total
942
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
56 618
67 087
33 995
23 030
After tax
16 382
5 913
39 005
49 970
Living cost
12 365
12 365
12 365
12 365
Free-cash
4 017
-6 452
26 640
37 605

Estimated living cost  is ₴12365 per week

₴9075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴721
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.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52210
₴54581
₴43214
₴34288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 789
pensions
-
-
-
13 432
health insurance
-
-
-
5 402
work injury
-
-
-
365
total
-
-
-
31 864
Employee

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

10 957
-
73 000
-
health insurance
811
-
3 000
-
unemployment
131
-
486
-
work injury
55
-
203
-
pensions
2 016
-
7 460
-
income
1 096
-
11 789
-
total
4 109
-
22 938
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 043
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%.

620
730
-
-
total
620
730
-
-
Dividends
61 422
72 270
-
-
withholding
9 213
10 841
-
-
total
9 213
10 841
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 942
11 571
22 938
31 864
After tax
59 058
61 429
50 062
41 136
Living cost
6 848
6 848
6 848
6 848
Free-cash
52 210
54 581
43 214
34 288

Estimated living cost  is ₴6848 per week

₴4243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1894
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15932
₴18240
₴11460
₴14769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 655
social contributions
-
-
-
18 775
municipal
-
-
-
488
national
-
-
-
17 101
total
-
-
-
38 019
Employee
42 754
-
73 000
-
national
7 225
-
14 843
-
regional
645
-
1 434
-
municipal
255
-
435
-
social contributions
14 416
-
24 616
-
total
22 541
-
41 328
-
Employer
42 754
-
73 000
-
total
-
-
-
-
Corporate
30 246
73 000
-
-
nationa
7 259
17 520
-
-
municipal
1 458
3 518
-
-
total
8 717
21 038
-
-
Dividends
21 529
51 962
-
-
withholding
5 598
13 510
-
-
total
5 598
13 510
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 856
34 548
41 328
38 019
After tax
36 144
38 452
31 672
34 981
Living cost
20 212
20 212
20 212
20 212
Free-cash
15 932
18 240
11 460
14 769

Estimated living cost  is ₴20212 per week

₴14198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1390
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.
₴4318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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