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
₴25217
₴33574
₴28578
₴23836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 357
health

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

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

-
-
-
2 929
income

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

-
-
-
22 285
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.

-
-
-
1 225
total
-
-
-
34 796
Employee

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

16 400
-
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.

25
-
1 225
-
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.

458
-
22 285
-
health

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

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

2 929
-
2 929
-
total
3 412
-
26 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 600
73 000
-
-
trade
8 915
11 497
-
-
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.

467
602
-
-
income
8 490
10 950
-
-
chamber of commerce
146
170
-
-
total
18 018
23 219
-
-
Dividends
38 582
49 781
-
-
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.

522
675
-
-
withholding
9 483
12 283
-
-
total
10 005
12 958
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 435
36 177
26 439
34 796
After tax
41 565
36 823
46 561
38 204
Living cost
12 987
12 987
12 987
12 987
Free-cash
28 578
23 836
33 574
25 217

Estimated living cost  is ₴12987 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21469
₴22010
₴23554
₴23916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 982
national
-
-
-
12 368
pensions
-
-
-
8 760
total
-
-
-
29 895
Employee
33 540
-
63 108
-
pensions
1 342
-
2 524
-
national
6 420
-
12 839
-
municipal
4 143
-
8 264
-
total
11 905
-
23 627
-
Employer
33 540
-
63 108
-
pensions
2 683
-
5 049
-
social contributions
361
-
678
-
total
3 044
-
5 727
-
Corporate
34 203
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%.

6 841
14 600
-
-
total
6 841
14 600
-
-
Dividends
27 362
58 400
-
-
withholding
6 020
12 848
-
-
total
6 020
12 848
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 810
27 448
29 354
29 895
After tax
45 190
45 552
43 646
43 105
Living cost
21 636
21 636
21 636
21 636
Free-cash
23 554
23 916
22 010
21 469

Estimated living cost  is ₴21636 per week

₴14706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16054
₴21413
₴45963
₴49480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 428
income
-
-
-
12 983
microenterprise
-
-
-
-
surtax
-
-
-
18 615
total
-
-
-
48 026
Employee
12 529
-
54 675
-
income
2 230
-
10 794
-
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.

1 378
-
5 621
-
surtax
-
-
7 928
-
total
3 608
-
24 343
-
Employer
12 529
-
54 675
-
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.

3 018
-
12 310
-
surtax
-
-
6 014
-
total
3 018
-
18 324
-
Corporate
57 453
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%.

11 491
14 600
-
-
total
11 491
14 600
-
-
Dividends

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

45 962
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
18 117
14 600
42 667
48 026
After tax
54 883
58 400
30 333
24 974
Living cost
8 920
8 920
8 920
8 920
Free-cash
45 963
49 480
21 413
16 054

Estimated living cost  is ₴8920 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22515
₴27372
₴15516
₴18145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
5 287
income
-
-
-
22 212
pensions
-
-
-
5 024
total
-
-
-
32 523
Employee
36 616
36 616
65 032
-
income

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

5 993
5 993
9 386
-
pensions
6 591
5 024
5 024
-
health
5 620
4 780
5 287
-
total
18 204
15 797
19 697
-
Employer
36 616
36 616
65 032
-
pensions
2 548
2 548
3 168
-
health
2 545
2 545
3 163
-
unemployment
1 318
1 318
1 638
-
total
6 411
6 411
7 969
-
Corporate
30 422
29 973
-
-
income
6 085
5 994
-
-
total
6 085
5 994
-
-
Dividends
24 337
23 978
-
-
withholding
3 650
3 596
-
-
income
5 172
5 095
-
-
total
8 822
8 691
-
-
Income
73 000
73 000
73 000
73 000
Total tax
39 522
36 893
27 666
32 523
After tax
33 478
36 107
45 334
40 477
Living cost
17 962
17 962
17 962
17 962
Free-cash
15 516
18 145
27 372
22 515

Estimated living cost  is ₴17962 per week

₴12729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20982
₴20581
₴22996
₴23366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 200
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
18 646
health
-
-
-
2 255
national
-
-
-
6 410
pensions
-
-
-
3 907
total
-
-
-
35 526
Employee
23 499
-
61 644
-
national
-
-
6 189
-
municipal
7 007
-
18 382
-
total
7 007
-
24 571
-
Employer
23 499
-
61 644
-
pensions
2 540
-
3 907
-
other
2 731
-
4 200
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 383
-
11 356
-
Corporate
42 118
73 000
-
-
income
9 266
16 060
-
-
total
9 266
16 060
-
-
Dividends
32 852
56 940
-
-
withholding
9 856
17 082
-
-
total
9 856
17 082
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 512
33 142
35 927
35 526
After tax
39 488
39 858
37 073
37 474
Living cost
16 492
16 492
16 492
16 492
Free-cash
22 996
23 366
20 581
20 982

Estimated living cost  is ₴16492 per week

₴10930
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.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20988
₴29717
₴25629
₴19603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 729
health

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

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

-
-
-
2 929
income

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

-
-
-
22 285
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.

-
-
-
1 225
total
-
-
-
35 168
Employee

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

21 744
-
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.

103
-
1 225
-
income

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

1 868
-
22 285
-
health

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

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

2 929
-
2 929
-
total
4 900
-
26 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 256
73 000
-
-
trade
8 431
12 008
-
-
surtax

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

423
602
-
-
income
7 688
10 950
-
-
chamber of commerce
138
169
-
-
total
16 680
23 729
-
-
Dividends
34 575
49 271
-
-
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.

466
669
-
-
withholding
8 481
12 155
-
-
total
8 947
12 824
-
-
Income
73 000
73 000
73 000
73 000
Total tax
30 527
36 553
26 439
35 168
After tax
42 473
36 447
46 561
37 832
Living cost
16 844
16 844
16 844
16 844
Free-cash
25 629
19 603
29 717
20 988

Estimated living cost  is ₴16844 per week

₴11265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
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.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36115
₴35466
₴37577
₴39356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 862
income
-
-
-
14 179
total
-
-
-
22 978
Employee
32 971
32 971
68 050
-
income
3 462
3 052
13 829
-
social contributions
1 602
2 736
3 691
-
health
328
561
1 157
-
total
5 392
6 349
18 677
-
Employer
32 971
32 971
68 050
-
health
357
610
1 259
-
social contributions
1 602
2 736
3 691
-
total
1 959
3 346
4 950
-
Corporate
51 741
36 683
-
-
income
6 468
4 585
-
-
total
6 468
4 585
-
-
Dividends
45 273
32 098
-
-
withholding
7 697
5 457
-
-
total
7 697
5 457
-
-
Income
73 000
73 000
73 000
73 000
Total tax
21 516
19 737
23 627
22 978
After tax
51 484
53 263
49 373
50 022
Living cost
13 907
13 907
13 907
13 907
Free-cash
37 577
39 356
35 466
36 115

Estimated living cost  is ₴13907 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
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.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42750
₴34498
₴33356
₴33193
S + D Salary + Dividends

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

Dividends

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

Salary

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

11 289
4 493
61 088
-
income
1 380
549
7 468
-
pensions
1 129
449
6 109
-
unemployment
169
67
916
-
health
790
315
4 276
-
total
3 468
1 380
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.

11 289
4 493
61 088
-
pensions
2 201
876
11 912
-
total
2 201
876
11 912
-
Corporate
59 510
67 631
-
-
income
5 356
6 087
-
-
total
5 356
6 087
-
-
Dividends
54 154
61 544
-
-
social contributions
10 509
11 950
-
-
withholding
10 289
11 693
-
-
total
20 798
23 643
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 823
31 986
30 681
22 429
After tax
41 177
41 014
42 319
50 571
Living cost
7 821
7 821
7 821
7 821
Free-cash
33 356
33 193
34 498
42 750

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28771
₴31721
₴45381
₴48044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
9 490
income
-
-
-
9 782
pensions
-
-
-
14 601
total
-
-
-
33 873
Employee
12 164
-
54 560
-
income
1 369
-
10 519
-
pensions
243
-
1 091
-
unemployment
194
-
873
-
total
1 806
-
12 483
-
Employer
12 164
-
54 560
-
pensions
2 433
-
10 911
-
health
1 581
-
7 093
-
unemployment
98
-
436
-
total
4 112
-
18 440
-
Corporate
56 725
73 000
-
-
income
11 345
14 600
-
-
total
11 345
14 600
-
-
Dividends
45 380
58 400
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
17 263
14 600
30 923
33 873
After tax
55 737
58 400
42 077
39 127
Living cost
10 356
10 356
10 356
10 356
Free-cash
45 381
48 044
31 721
28 771

Estimated living cost  is ₴10356 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40513
₴30176
₴4471
-₴3485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
20 114
pensions
-
-
-
1 777
total
-
-
-
23 089
Employee
14 784
-
65 591
-
income
2 028
-
15 249
-
pensions
1 665
-
3 259
-
health
1 693
-
7 510
-
total
5 386
-
26 018
-
Employer
14 784
-
65 591
-
pensions
2 404
-
4 706
-
accident
247
-
1 095
-
unemployment
362
-
1 607
-
total
3 013
-
7 408
-
Corporate
55 203
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.

49 683
65 700
-
-
total
49 683
65 700
-
-
Dividends
5 520
7 300
-
-
withholding
1 049
1 387
-
-
total
1 049
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
59 131
67 087
33 426
23 089
After tax
13 869
5 913
39 574
49 911
Living cost
9 398
9 398
9 398
9 398
Free-cash
4 471
-3 485
30 176
40 513

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68406
₴54536
₴64761
₴65486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 830
-
73 000
-
income
966
-
14 600
-
total
966
-
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%.

68 170
73 000
-
-
total
-
-
-
-
Dividends
68 170
73 000
-
-
withholding
3 409
3 650
-
-
total
3 409
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 375
3 650
14 600
730
After tax
68 625
69 350
58 400
72 270
Living cost
3 864
3 864
3 864
3 864
Free-cash
64 761
65 486
54 536
68 406

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28928
₴30011
₴39313
₴42208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 097
health
-
-
-
2 869
income
-
-
-
11 032
pensions

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

-
-
-
15 649
total
-
-
-
32 647
Employee
15 568
-
58 307
-
income
2 680
-
11 392
-
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.

1 090
-
4 081
-
unemployment
155
-
583
-
health
218
-
816
-
total
4 143
-
16 872
-
Employer
15 568
-
58 307
-
pensions

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

2 647
-
9 912
-
other
779
-
2 915
-
accident
124
-
466
-
health
218
-
816
-
unemployment
155
-
583
-
total
3 923
-
14 692
-
Corporate
53 508
73 000
-
-
income
11 237
15 330
-
-
total
11 237
15 330
-
-
Dividends
42 271
57 670
-
-
withholding
2 959
4 037
-
-
total
2 959
4 037
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 262
19 367
31 564
32 647
After tax
50 738
53 633
41 436
40 353
Living cost
11 425
11 425
11 425
11 425
Free-cash
39 313
42 208
30 011
28 928

Estimated living cost  is ₴11425 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19784
₴13161
₴19923
₴19258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
20 547
pensions
-
-
-
3 821
total
-
-
-
24 368
Employee
40 816
-
63 797
-
income
7 357
-
16 130
-
pensions
3 938
-
4 722
-
health
673
-
937
-
total
11 968
-
21 789
-
Employer
40 816
-
63 797
-
pensions
4 819
-
7 990
-
health
775
-
1 212
-
total
5 594
-
9 202
-
Corporate
26 590
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.

5 052
13 870
-
-
total
5 052
13 870
-
-
Dividends
21 538
59 130
-
-
withholding
1 615
11 024
-
-
total
1 615
11 024
-
-
Income
73 000
73 000
73 000
73 000
Total tax
24 229
24 894
30 991
24 368
After tax
48 771
48 106
42 009
48 632
Living cost
28 848
28 848
28 848
28 848
Free-cash
19 923
19 258
13 161
19 784

Estimated living cost  is ₴28848 per week

₴21616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴52427
₴55262
₴54800
₴56792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 723
income
-
-
-
10 950
pensions

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

-
-
-
2 217
total
-
-
-
14 950
Employee
7 446
-
70 061
-
income
744
-
7 006
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
9 175
-
Employer
7 446
-
70 061
-
pensions

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

821
-
1 651
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 034
-
unemployment
45
-
90
-
total
1 462
-
2 940
-
Corporate
64 093
73 000
-
-
income
6 409
7 300
-
-
total
6 409
7 300
-
-
Dividends
57 684
65 700
-
-
withholding
2 884
3 285
-
-
total
2 884
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
12 577
10 585
12 115
14 950
After tax
60 423
62 415
60 885
58 050
Living cost
5 623
5 623
5 623
5 623
Free-cash
54 800
56 792
55 262
52 427

Estimated living cost  is ₴5623 per week

₴3283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴16701
₴21558
₴13407
₴12331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
5 287
income
-
-
-
22 212
pensions
-
-
-
5 024
total
-
-
-
32 523
Employee
39 753
36 616
65 032
-
income

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

5 993
5 993
9 386
-
pensions
5 024
5 024
5 024
-
health
4 959
4 780
5 287
-
total
15 976
15 797
19 697
-
Employer
39 753
36 616
65 032
-
pensions
2 767
2 548
3 168
-
health
2 762
2 545
3 163
-
unemployment
1 431
1 318
1 638
-
total
6 960
6 411
7 969
-
Corporate
26 287
29 973
-
-
income
5 257
5 994
-
-
total
5 257
5 994
-
-
Dividends
21 030
23 978
-
-
withholding
3 155
3 596
-
-
income
4 469
5 095
-
-
total
7 624
8 691
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 817
36 893
27 666
32 523
After tax
37 183
36 107
45 334
40 477
Living cost
23 776
23 776
23 776
23 776
Free-cash
13 407
12 331
21 558
16 701

Estimated living cost  is ₴23776 per week

₴17539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30779
₴27580
₴36289
₴39963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
9 855
income
-
-
-
7 249
solidarity contribution
-
-
-
-
total
-
-
-
31 923
Employee
15 145
-
55 333
-
income
1 817
-
6 685
-
solidarity contribution
-
-
-
-
social contributions
984
-
3 299
-
health
2 045
-
7 470
-
total
4 846
-
17 454
-
Employer
15 145
-
55 333
-
health
1 363
-
4 980
-
social contributions
3 786
-
12 688
-
total
5 149
-
17 668
-
Corporate
52 706
73 000
-
-
income
10 014
13 870
-
-
total
10 014
13 870
-
-
Dividends
42 692
59 130
-
-
withholding
6 404
8 869
-
-
total
6 404
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 413
22 739
35 122
31 923
After tax
46 587
50 261
37 878
41 077
Living cost
10 298
10 298
10 298
10 298
Free-cash
36 289
39 963
27 580
30 779

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16943
₴13646
₴18617
₴20856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 776
municipal
-
-
-
434
national
-
-
-
17 895
regional
-
-
-
859
total
-
-
-
37 964
Employee
38 107
-
73 000
-
national
6 603
-
15 501
-
social contributions
12 850
-
24 615
-
municipal
202
-
387
-
regional
360
-
758
-
total
20 015
-
41 261
-
Employer
38 107
-
73 000
-
total
-
-
-
-
Corporate
34 893
73 000
-
-
nationa
8 374
17 520
-
-
municipal
1 360
2 847
-
-
total
9 734
20 367
-
-
Dividends
25 158
52 633
-
-
withholding
6 541
13 684
-
-
total
6 541
13 684
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 290
34 051
41 261
37 964
After tax
36 710
38 949
31 739
35 036
Living cost
18 093
18 093
18 093
18 093
Free-cash
18 617
20 856
13 646
16 943

Estimated living cost  is ₴18093 per week

₴12612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25115
₴22476
₴35121
₴36455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
98
health
-
-
-
4 063
income
-
-
-
19 807
surtax
-
-
-
3 010
pensions
-
-
-
11 445
total
-
-
-
38 423
Employee
14 179
-
60 954
-
income
2 377
-
17 242
-
pensions
945
-
3 817
-
unemployment
987
-
3 983
-
health
362
-
1 459
-
other
-
-
-
-
surtax
46
-
2 515
-
total
4 717
-
29 016
-
Employer
14 179
-
60 954
-
pensions
1 890
-
7 628
-
other
-
-
-
-
health
645
-
2 604
-
unemployment
449
-
1 814
-
total
2 984
-
12 046
-
Corporate
55 836
73 000
-
-
income
14 518
18 980
-
-
total
14 518
18 980
-
-
Dividends
41 318
54 020
-
-
withholding
6 198
8 103
-
-
total
6 198
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 417
27 083
41 062
38 423
After tax
44 583
45 917
31 938
34 577
Living cost
9 462
9 462
9 462
9 462
Free-cash
35 121
36 455
22 476
25 115

Estimated living cost  is ₴9462 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28924
₴22301
₴31248
₴28398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
20 547
pensions
-
-
-
3 821
total
-
-
-
24 368
Employee
27 354
-
63 797
-
income
4 927
-
16 130
-
pensions
2 322
-
4 722
-
health
397
-
937
-
total
7 646
-
21 789
-
Employer
27 354
-
63 797
-
pensions
2 961
-
7 990
-
health
520
-
1 212
-
total
3 481
-
9 202
-
Corporate
42 166
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.

8 011
13 870
-
-
total
8 011
13 870
-
-
Dividends
34 155
59 130
-
-
withholding
2 906
11 024
-
-
total
2 906
11 024
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 044
24 894
30 991
24 368
After tax
50 956
48 106
42 009
48 632
Living cost
19 708
19 708
19 708
19 708
Free-cash
31 248
28 398
22 301
28 924

Estimated living cost  is ₴19708 per week

₴14765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26743
₴23362
₴14837
₴970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
164
city
-
-
-
769
national
-
-
-
1 168
regional
-
-
-
3 569
pensions
-
-
-
6 716
total
-
-
-
13 846
Employee
37 929
-
65 339
-
pensions
3 187
-
5 488
-
national
180
-
872
-
unemployment
-
-
-
-
city
407
-
702
-
health
86
-
147
-
regional
1 242
-
3 076
-
total
5 102
-
10 285
-
Employer
37 929
-
65 339
-
pensions
3 187
-
5 488
-
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.

758
-
1 307
-
health
86
-
147
-
unemployment
-
-
-
-
total
4 031
-
6 942
-
Corporate
30 623
73 000
-
-
regional
6 476
15 439
-
-
national
2 603
6 205
-
-
total
9 079
21 644
-
-
Dividends
21 544
51 356
-
-
withholding
7 540
17 975
-
-
total
7 540
17 975
-
-
Income
73 000
73 000
73 000
73 000
Total tax
25 752
39 619
17 227
13 846
After tax
47 248
33 381
55 773
59 154
Living cost
32 411
32 411
32 411
32 411
Free-cash
14 837
970
23 362
26 743

Estimated living cost  is ₴32411 per week

₴21076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17818
₴26919
₴23381
₴16430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 101
health

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

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

-
-
-
2 929
income

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

-
-
-
22 285
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.

-
-
-
1 225
total
-
-
-
35 540
Employee

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

25 769
-
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.

167
-
1 225
-
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.

3 030
-
22 285
-
health

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

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

2 929
-
2 929
-
total
6 126
-
26 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 231
73 000
-
-
trade
8 100
12 519
-
-
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
602
-
-
income
7 085
10 950
-
-
chamber of commerce
132
168
-
-
total
15 707
24 239
-
-
Dividends
31 525
48 761
-
-
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.

425
662
-
-
withholding
7 719
12 027
-
-
total
8 144
12 689
-
-
Income
73 000
73 000
73 000
73 000
Total tax
29 977
36 928
26 439
35 540
After tax
43 023
36 072
46 561
37 460
Living cost
19 642
19 642
19 642
19 642
Free-cash
23 381
16 430
26 919
17 818

Estimated living cost  is ₴19642 per week

₴14346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26509
₴25724
₴24655
₴22121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 008
income
-
-
-
11 213
surtax
-
-
-
-
pensions
-
-
-
13 257
total
-
-
-
31 821
Employee
18 351
-
56 707
-
income
1 083
-
10 842
-
pensions
2 075
-
3 856
-
social contributions
523
-
1 615
-
surtax
-
-
-
-
total
3 681
-
16 313
-
Employer
18 351
-
56 707
-
pensions
3 015
-
6 507
-
other
633
-
2 175
-
health
1 285
-
5 144
-
unemployment
743
-
2 297
-
social contributions
55
-
170
-
total
5 731
-
16 293
-
Corporate
48 918
73 000
-
-
surtax
-
-
-
-
income
13 697
20 440
-
-
total
13 697
20 440
-
-
Dividends
35 221
52 560
-
-
surtax
-
-
-
-
social contributions
6 057
9 041
-
-
withholding
4 509
6 728
-
-
total
10 566
15 769
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 675
36 209
32 606
31 821
After tax
39 325
36 791
40 394
41 179
Living cost
14 670
14 670
14 670
14 670
Free-cash
24 655
22 121
25 724
26 509

Estimated living cost  is ₴14670 per week

₴9250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27963
₴27178
₴25958
₴23575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 008
income
-
-
-
11 213
surtax
-
-
-
-
pensions
-
-
-
13 257
total
-
-
-
31 821
Employee
16 381
-
56 707
-
income
845
-
10 842
-
pensions
1 853
-
3 856
-
social contributions
467
-
1 615
-
surtax
-
-
-
-
total
3 165
-
16 313
-
Employer
16 381
-
56 707
-
pensions
2 692
-
6 507
-
other
566
-
2 175
-
health
1 146
-
5 144
-
unemployment
663
-
2 297
-
social contributions
49
-
170
-
total
5 116
-
16 293
-
Corporate
51 504
73 000
-
-
surtax
-
-
-
-
income
14 421
20 440
-
-
total
14 421
20 440
-
-
Dividends
37 083
52 560
-
-
surtax
-
-
-
-
social contributions
6 378
9 041
-
-
withholding
4 746
6 728
-
-
total
11 124
15 769
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 826
36 209
32 606
31 821
After tax
39 174
36 791
40 394
41 179
Living cost
13 216
13 216
13 216
13 216
Free-cash
25 958
23 575
27 178
27 963

Estimated living cost  is ₴13216 per week

₴7665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37789
₴36358
₴35667
₴35444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 095
income
-
-
-
10 950
total
-
-
-
26 119
Employee
14 538
-
73 000
-
income
2 425
-
12 381
-
social contributions
2 007
-
10 074
-
health
1 015
-
5 095
-
total
5 447
-
27 550
-
Employer
14 538
-
73 000
-
total
-
-
-
-
Corporate
58 462
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%.

2 923
3 650
-
-
total
2 923
3 650
-
-
Dividends
55 539
69 350
-
-
social contributions
7 664
9 571
-
-
health
3 876
4 841
-
-
withholding
8 331
10 402
-
-
total
19 871
24 814
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 241
28 464
27 550
26 119
After tax
44 759
44 536
45 450
46 881
Living cost
9 092
9 092
9 092
9 092
Free-cash
35 667
35 444
36 358
37 789

Estimated living cost  is ₴9092 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22351
₴4278
₴24643
₴25305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
19 435
surtax
-
-
-
85
pensions
-
-
-
9 267
total
-
-
-
35 541
Employee
21 428
17 087
57 927
-
income
2 439
1 260
15 396
-
pensions
2 194
1 749
5 129
-
unemployment
643
513
1 503
-
health
829
662
1 938
-
other
214
171
501
-
total
6 319
4 355
24 467
-
Employer
21 428
17 087
57 927
-
pensions
2 689
2 145
6 286
-
other
1 018
811
2 684
-
accident
278
222
651
-
health
810
646
1 893
-
payroll
643
513
1 738
-
chamber of commerce
85
68
232
-
unemployment
643
513
1 503
-
surtax
85
85
85
-
total
6 251
5 003
15 072
-
Corporate
45 321
50 910
56 300
-
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.

11 331
12 728
14 075
-
total
11 331
12 728
14 075
-
Dividends
33 991
38 183
-
-
withholding
9 348
10 501
-
-
total
9 348
10 501
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 249
32 587
53 614
35 541
After tax
39 751
40 413
19 386
37 459
Living cost
15 108
15 108
15 108
15 108
Free-cash
24 643
25 305
4 278
22 351

Estimated living cost  is ₴15108 per week

₴10077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15998
₴10208
₴18767
₴25198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 690
communal

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

-
-
-
3 739
national
-
-
-
26 939
total
-
-
-
41 368
Employee

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

30 671
-
56 540
-
pensions

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

2 300
-
4 241
-
national
9 429
-
20 359
-
unemployment

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

267
-
492
-
communal

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

1 600
-
2 949
-
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.

1 441
-
2 657
-
total
15 037
-
30 698
-
Employer

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

30 671
-
56 540
-
pensions

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

2 718
-
5 010
-
accident

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

399
-
735
-
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.

1 886
-
3 477
-
unemployment

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

448
-
826
-
surtax
3 478
-
6 412
-
total
8 929
-
16 460
-
Corporate
33 402
73 000
-
-
surtax
133
292
-
-
income
6 680
14 600
-
-
total
6 813
14 892
-
-
Dividends
26 588
58 108
-
-
withholding

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

7 820
17 276
-
-
total
7 820
17 276
-
-
Income
73 000
73 000
73 000
73 000
Total tax
38 599
32 168
47 158
41 368
After tax
34 401
40 832
25 842
31 632
Living cost
15 634
15 634
15 634
15 634
Free-cash
18 767
25 198
10 208
15 998

Estimated living cost  is ₴15634 per week

₴10070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25511
₴23712
₴30217
₴33204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
20 081
pensions
-
-
-
11 247
total
-
-
-
32 004
Employee
21 343
-
60 330
-
income
4 503
-
18 609
-
pensions
1 003
-
1 868
-
unemployment
331
-
616
-
other
21
-
40
-
total
5 858
-
21 133
-
Employer
21 343
-
60 330
-
pensions
5 037
-
9 379
-
other
170
-
318
-
accident
422
-
787
-
unemployment
1 174
-
2 186
-
total
6 803
-
12 670
-
Corporate
44 853
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.

6 728
10 950
-
-
total
6 728
10 950
-
-
Dividends
38 125
62 050
-
-
withholding
7 909
13 361
-
-
total
7 909
13 361
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 298
24 311
33 803
32 004
After tax
45 702
48 689
39 197
40 996
Living cost
15 485
15 485
15 485
15 485
Free-cash
30 217
33 204
23 712
25 511

Estimated living cost  is ₴15485 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴13074
₴15982
₴14201
₴19563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
accident
-
-
-
615
health
-
-
-
5 129
income
-
-
-
11 706
communal
-
-
-
4 614
surtax
-
-
-
3 619
pensions
-
-
-
10 942
total
-
-
-
36 625
Employee
32 471
-
65 208
-
income
3 136
-
13 809
-
pensions
2 597
-
5 217
-
health
1 445
-
2 902
-
surtax
1 990
-
3 996
-
total
9 168
-
25 924
-
Employer
32 471
-
65 208
-
pensions
2 597
-
5 217
-
accident
292
-
587
-
health
990
-
1 989
-
total
3 879
-
7 793
-
Corporate
36 650
73 000
-
-
communal
2 474
4 928
-
-
surtax
385
766
-
-
income
5 497
10 950
-
-
total
8 356
16 644
-
-
Dividends
28 294
56 356
-
-
withholding
4 244
8 453
-
-
income
9 851
5 039
-
-
total
14 095
13 492
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 498
30 136
33 717
36 625
After tax
37 502
42 864
39 283
36 375
Living cost
23 301
23 301
23 301
23 301
Free-cash
14 201
19 563
15 982
13 074

Estimated living cost  is ₴23301 per week

₴17479
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.
₴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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24946
₴22307
₴34921
₴36286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
98
health
-
-
-
4 063
income
-
-
-
19 807
surtax
-
-
-
3 010
pensions
-
-
-
11 445
total
-
-
-
38 423
Employee
14 440
-
60 954
-
income
2 421
-
17 242
-
pensions
963
-
3 817
-
unemployment
1 005
-
3 983
-
health
369
-
1 459
-
other
-
-
-
-
surtax
51
-
2 515
-
total
4 809
-
29 016
-
Employer
14 440
-
60 954
-
pensions
1 925
-
7 628
-
other
-
-
-
-
health
657
-
2 604
-
unemployment
458
-
1 814
-
total
3 040
-
12 046
-
Corporate
55 520
73 000
-
-
income
14 436
18 980
-
-
total
14 436
18 980
-
-
Dividends
41 085
54 020
-
-
withholding
6 163
8 103
-
-
total
6 163
8 103
-
-
Income
73 000
73 000
73 000
73 000
Total tax
28 448
27 083
41 062
38 423
After tax
44 552
45 917
31 938
34 577
Living cost
9 631
9 631
9 631
9 631
Free-cash
34 921
36 286
22 307
24 946

Estimated living cost  is ₴9631 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23244
₴19964
₴25870
₴26821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 776
municipal
-
-
-
434
national
-
-
-
17 895
regional
-
-
-
1 101
total
-
-
-
38 206
Employee
23 785
-
73 000
-
national
3 768
-
15 501
-
social contributions
8 020
-
24 615
-
municipal
126
-
387
-
regional
320
-
983
-
total
12 234
-
41 486
-
Employer
23 785
-
73 000
-
total
-
-
-
-
Corporate
49 215
73 000
-
-
nationa
11 811
17 520
-
-
municipal
2 446
3 628
-
-
total
14 257
21 148
-
-
Dividends
34 958
51 852
-
-
withholding
9 089
13 481
-
-
total
9 089
13 481
-
-
Income
73 000
73 000
73 000
73 000
Total tax
35 580
34 629
41 486
38 206
After tax
37 420
38 371
31 514
34 794
Living cost
11 550
11 550
11 550
11 550
Free-cash
25 870
26 821
19 964
23 244

Estimated living cost  is ₴11550 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28387
₴25188
₴33043
₴37571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
9 855
income
-
-
-
7 249
solidarity contribution
-
-
-
-
total
-
-
-
31 923
Employee
18 662
-
55 333
-
income
2 239
-
6 685
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 299
-
health
2 519
-
7 470
-
total
5 971
-
17 454
-
Employer
18 662
-
55 333
-
health
1 680
-
4 980
-
social contributions
4 666
-
12 688
-
total
6 346
-
17 668
-
Corporate
47 993
73 000
-
-
income
9 119
13 870
-
-
total
9 119
13 870
-
-
Dividends
38 874
59 130
-
-
withholding
5 831
8 869
-
-
total
5 831
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 267
22 739
35 122
31 923
After tax
45 733
50 261
37 878
41 077
Living cost
12 690
12 690
12 690
12 690
Free-cash
33 043
37 571
25 188
28 387

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23865
₴5729
₴26571
₴26781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
19 435
surtax
-
-
-
-
pensions
-
-
-
9 267
total
-
-
-
35 456
Employee
18 743
17 087
58 006
-
income
1 670
1 260
15 433
-
pensions
1 919
1 749
5 129
-
unemployment
562
513
1 503
-
health
725
662
1 938
-
other
187
171
501
-
total
5 063
4 355
24 504
-
Employer
18 743
17 087
58 006
-
pensions
2 352
2 145
6 286
-
other
890
811
2 688
-
accident
243
222
651
-
health
709
646
1 893
-
payroll
562
513
1 740
-
chamber of commerce
75
68
232
-
unemployment
562
513
1 503
-
surtax
-
-
-
-
total
5 393
4 918
14 993
-
Corporate
48 863
50 995
56 379
-
income

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

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

12 216
12 749
14 095
-
total
12 216
12 749
14 095
-
Dividends
36 647
38 246
-
-
withholding
10 078
10 518
-
-
total
10 078
10 518
-
-
Income
73 000
73 000
73 000
73 000
Total tax
32 750
32 540
53 592
35 456
After tax
40 250
40 460
19 408
37 544
Living cost
13 679
13 679
13 679
13 679
Free-cash
26 571
26 781
5 729
23 865

Estimated living cost  is ₴13679 per week

₴8206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66248
₴52378
₴62198
₴63328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 528
-
73 000
-
income
1 506
-
14 600
-
total
1 506
-
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%.

65 472
73 000
-
-
total
-
-
-
-
Dividends
65 472
73 000
-
-
withholding
3 274
3 650
-
-
total
3 274
3 650
-
-
Income
73 000
73 000
73 000
73 000
Total tax
4 780
3 650
14 600
730
After tax
68 220
69 350
58 400
72 270
Living cost
6 022
6 022
6 022
6 022
Free-cash
62 198
63 328
52 378
66 248

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24281
₴22347
₴35173
₴38760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 183
income
-
-
-
16 594
pensions
-
-
-
13 331
total
-
-
-
37 218
Employee

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

18 961
-
63 165
-
income
3 270
-
15 357
-
pensions
2 939
-
9 790
-
unemployment
27
-
89
-
health
1 225
-
4 081
-
total
7 461
-
29 317
-
Employer

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

18 961
-
63 165
-
pensions
1 678
-
5 590
-
health
1 263
-
4 207
-
unemployment
11
-
38
-
total
2 952
-
9 835
-
Corporate
51 087
73 000
-
-
income
9 706
13 870
-
-
total
9 706
13 870
-
-
Dividends
41 381
59 130
-
-
withholding
6 207
8 869
-
-
total
6 207
8 869
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 326
22 739
39 152
37 218
After tax
46 674
50 261
33 848
35 782
Living cost
11 501
11 501
11 501
11 501
Free-cash
35 173
38 760
22 347
24 281

Estimated living cost  is ₴11501 per week

₴7893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31987
₴48909
₴5599
₴25951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 473
-
-
-
income
5 839
-
-
-
social contributions
2 171
-
309
-
total
8 010
-
309
-
Employer
26 473
-
-
-
social contributions
37 326
-
5 320
-
total
37 326
-
5 320
-
Corporate
9 201
73 000
-
-
income
2 024
16 060
-
-
total
2 024
16 060
-
-
Dividends
7 177
56 940
-
-
income
1 579
12 527
-
-
total
1 579
12 527
-
-
Income
73 000
73 000
73 000
73 000
Total tax
48 939
28 587
5 629
22 551
After tax
24 061
44 413
67 371
50 449
Living cost
18 462
18 462
18 462
18 462
Free-cash
5 599
25 951
48 909
31 987

Estimated living cost  is ₴18462 per week

₴11979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25760
₴20273
₴27641
₴28074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 367
income
-
-
-
8 424
surtax
-
-
-
-
total
-
-
-
33 791
Employee
19 720
-
58 990
-
income
4 102
-
18 779
-
social contributions
2 169
-
6 489
-
surtax
-
-
-
-
total
6 271
-
25 268
-
Employer
19 720
-
58 990
-
social contributions
4 684
-
14 010
-
total
4 684
-
14 010
-
Corporate
48 596
73 000
-
-
surtax
-
-
-
-
income
10 205
15 330
-
-
total
10 205
15 330
-
-
Dividends
38 391
57 670
-
-
withholding
10 750
16 147
-
-
total
10 750
16 147
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 910
31 477
39 278
33 791
After tax
41 090
41 523
33 722
39 209
Living cost
13 449
13 449
13 449
13 449
Free-cash
27 641
28 074
20 273
25 760

Estimated living cost  is ₴13449 per week

₴10063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20470
₴19685
₴19029
₴16082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 008
income
-
-
-
11 213
surtax
-
-
-
-
pensions
-
-
-
13 257
total
-
-
-
31 821
Employee
26 855
-
56 707
-
income
2 343
-
10 842
-
pensions
3 037
-
3 856
-
social contributions
765
-
1 615
-
surtax
-
-
-
-
total
6 145
-
16 313
-
Employer
26 855
-
56 707
-
pensions
4 413
-
6 507
-
other
927
-
2 175
-
health
1 880
-
5 144
-
unemployment
1 088
-
2 297
-
social contributions
81
-
170
-
total
8 389
-
16 293
-
Corporate
37 758
73 000
-
-
surtax
-
-
-
-
income
10 572
20 440
-
-
total
10 572
20 440
-
-
Dividends
27 185
52 560
-
-
surtax
-
-
-
-
social contributions
4 676
9 041
-
-
withholding
3 480
6 728
-
-
total
8 156
15 769
-
-
Income
73 000
73 000
73 000
73 000
Total tax
33 262
36 209
32 606
31 821
After tax
39 738
36 791
40 394
41 179
Living cost
20 709
20 709
20 709
20 709
Free-cash
19 029
16 082
19 685
20 470

Estimated living cost  is ₴20709 per week

₴14016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
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.
₴4715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40961
₴42901
₴51370
₴52811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 060
income
-
-
-
3 090
total
-
-
-
19 150
Employee
13 785
-
63 203
-
social contributions
896
-
4 108
-
income
-
-
3 306
-
total
896
-
7 414
-
Employer
13 785
-
63 203
-
social contributions
2 137
-
9 796
-
total
2 137
-
9 796
-
Corporate
57 079
73 000
-
-
income
5 708
7 300
-
-
total
5 708
7 300
-
-
Dividends
51 371
65 700
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
8 741
7 300
17 210
19 150
After tax
64 259
65 700
55 790
53 850
Living cost
12 889
12 889
12 889
12 889
Free-cash
51 370
52 811
42 901
40 961

Estimated living cost  is ₴12889 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22543
-₴20462
-₴20462
-₴20462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 130
national
-
-
-
8 486
labour market
-
-
-
5 810
pensions
-
-
-
372
total
-
-
-
29 798
Employee
87 196
87 196
87 196
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 653
10 653
10 653
-
municipal
18 568
18 568
18 568
-
total
36 311
36 311
36 311
-
Employer
87 196
87 196
87 196
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 000
73 000
73 000
73 000
Total tax
72 803
72 803
72 803
29 798
After tax
197
197
197
43 202
Living cost
20 659
20 659
20 659
20 659
Free-cash
-20 462
-20 462
-20 462
22 543

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40651
₴30314
₴4493
-₴3347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
20 114
pensions
-
-
-
1 777
total
-
-
-
23 089
Employee
14 566
-
65 591
-
income
1 998
-
15 249
-
pensions
1 640
-
3 259
-
health
1 668
-
7 510
-
total
5 306
-
26 018
-
Employer
14 566
-
65 591
-
pensions
2 368
-
4 706
-
accident
243
-
1 095
-
unemployment
357
-
1 607
-
total
2 968
-
7 408
-
Corporate
55 465
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.

49 919
65 700
-
-
total
49 919
65 700
-
-
Dividends
5 547
7 300
-
-
withholding
1 054
1 387
-
-
total
1 054
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
59 247
67 087
33 426
23 089
After tax
13 753
5 913
39 574
49 911
Living cost
9 260
9 260
9 260
9 260
Free-cash
4 493
-3 347
30 314
40 651

Estimated living cost  is ₴9260 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30990
₴21994
₴30457
₴29438
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 970
health
-
-
-
945
national
-
-
-
11 633
total
-
-
-
25 548
Employee
22 559
-
61 412
-
pensions
1 522
-
4 145
-
national
373
-
7 119
-
municipal
3 695
-
10 004
-
unemployment
338
-
921
-
health
168
-
766
-
total
6 096
-
22 955
-
Employer
22 559
-
61 412
-
pensions
3 914
-
10 655
-
accident
23
-
61
-
health
173
-
473
-
unemployment
146
-
400
-
total
4 256
-
11 589
-
Corporate
46 185
73 000
-
-
income
9 237
14 600
-
-
total
9 237
14 600
-
-
Dividends

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

27 711
43 800
-
-
municipal
4 988
7 884
-
-
national
1 504
4 616
-
-
total
6 492
12 500
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 081
27 100
34 544
25 548
After tax
46 919
45 900
38 456
47 452
Living cost
16 462
16 462
16 462
16 462
Free-cash
30 457
29 438
21 994
30 990

Estimated living cost  is ₴16462 per week

₴10753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40095
₴39446
₴41002
₴43336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
1 862
income
-
-
-
14 179
total
-
-
-
22 978
Employee
32 971
32 971
68 050
-
income
3 590
3 052
13 829
-
social contributions
1 247
2 736
3 691
-
health
255
561
1 157
-
total
5 092
6 349
18 677
-
Employer
32 971
32 971
68 050
-
health
277
610
1 259
-
social contributions
1 247
2 736
3 691
-
total
1 524
3 346
4 950
-
Corporate
56 457
36 683
-
-
income
7 057
4 585
-
-
total
7 057
4 585
-
-
Dividends
49 400
32 098
-
-
withholding
8 398
5 457
-
-
total
8 398
5 457
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 071
19 737
23 627
22 978
After tax
50 929
53 263
49 373
50 022
Living cost
9 927
9 927
9 927
9 927
Free-cash
41 002
43 336
39 446
40 095

Estimated living cost  is ₴9927 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54495
₴45894
₴51462
₴53643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12
health
-
-
-
1 552
income
-
-
-
7 406
pensions
-
-
-
2 727
total
-
-
-
11 697
Employee

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

9 842
-
68 810
-
income
673
-
6 344
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
836
-
3 458
-
total
3 034
-
16 108
-
Employer

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

9 842
-
68 810
-
pensions
541
-
2 238
-
health
423
-
1 749
-
unemployment
49
-
203
-
total
1 013
-
4 190
-
Corporate
62 145
73 000
-
-
income
5 593
6 570
-
-
total
5 593
6 570
-
-
Dividends
56 552
66 430
-
-
withholding
5 090
5 979
-
-
total
5 090
5 979
-
-
Income
73 000
73 000
73 000
73 000
Total tax
14 730
12 549
20 298
11 697
After tax
58 270
60 451
52 702
61 303
Living cost
6 808
6 808
6 808
6 808
Free-cash
51 462
53 643
45 894
54 495

Estimated living cost  is ₴6808 per week

₴4343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29205
₴27406
₴35005
₴36898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
20 081
pensions
-
-
-
11 247
total
-
-
-
32 004
Employee
15 854
-
60 330
-
income
3 057
-
18 609
-
pensions
745
-
1 868
-
unemployment
246
-
616
-
other
15
-
40
-
total
4 063
-
21 133
-
Employer
15 854
-
60 330
-
pensions
3 741
-
9 379
-
other
127
-
318
-
accident
314
-
787
-
unemployment
872
-
2 186
-
total
5 054
-
12 670
-
Corporate
52 091
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.

7 814
10 950
-
-
total
7 814
10 950
-
-
Dividends
44 277
62 050
-
-
withholding
9 273
13 361
-
-
total
9 273
13 361
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 204
24 311
33 803
32 004
After tax
46 796
48 689
39 197
40 996
Living cost
11 791
11 791
11 791
11 791
Free-cash
35 005
36 898
27 406
29 205

Estimated living cost  is ₴11791 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45586
₴45503
₴44185
₴44378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
health
-
-
-
621
income
-
-
-
24 762
pensions
-
-
-
857
total
-
-
-
26 240
Employee
1 789
-
72 036
-
income
346
-
24 717
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
25 359
-
Employer
1 789
-
72 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
70 809
73 000
-
-
income
15 578
16 060
-
-
total
15 578
16 060
-
-
Dividends
55 231
56 940
-
-
withholding
11 046
11 388
-
-
total
11 046
11 388
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 641
27 448
26 323
26 240
After tax
45 359
45 552
46 677
46 760
Living cost
1 174
1 174
1 174
1 174
Free-cash
44 185
44 378
45 503
45 586

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37146
₴37145
₴43216
₴45326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
475
health
-
-
-
3 264
income
-
-
-
16 459
pensions
-
-
-
8 240
total
-
-
-
28 438
Employee

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

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

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

11 183
-
67 327
-
income
1 542
-
16 459
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
22 766
-
Employer

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

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

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

11 183
-
67 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
59 815
73 000
-
-
income
8 972
10 950
-
-
total
8 972
10 950
-
-
Dividends
50 843
62 050
-
-
withholding
7 626
9 308
-
-
total
7 626
9 308
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 368
20 258
28 439
28 438
After tax
50 632
52 742
44 561
44 562
Living cost
7 416
7 416
7 416
7 416
Free-cash
43 216
45 326
37 145
37 146

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴27650
₴22163
₴29808
₴29964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 367
income
-
-
-
8 424
surtax
-
-
-
-
total
-
-
-
33 791
Employee
16 642
-
58 990
-
income
3 252
-
18 779
-
social contributions
1 831
-
6 489
-
surtax
-
-
-
-
total
5 083
-
25 268
-
Employer
16 642
-
58 990
-
social contributions
3 952
-
14 010
-
total
3 952
-
14 010
-
Corporate
52 406
73 000
-
-
surtax
-
-
-
-
income
11 005
15 330
-
-
total
11 005
15 330
-
-
Dividends
41 401
57 670
-
-
withholding
11 593
16 147
-
-
total
11 593
16 147
-
-
Income
73 000
73 000
73 000
73 000
Total tax
31 633
31 477
39 278
33 791
After tax
41 367
41 523
33 722
39 209
Living cost
11 559
11 559
11 559
11 559
Free-cash
29 808
29 964
22 163
27 650

Estimated living cost  is ₴11559 per week

₴8187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25927
₴24128
₴30778
₴33620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
20 081
pensions
-
-
-
11 247
total
-
-
-
32 004
Employee
20 708
-
60 330
-
income
4 325
-
18 609
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 639
-
21 133
-
Employer
20 708
-
60 330
-
pensions
4 887
-
9 379
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 670
-
Corporate
45 690
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.

6 854
10 950
-
-
total
6 854
10 950
-
-
Dividends
38 836
62 050
-
-
withholding
8 058
13 361
-
-
total
8 058
13 361
-
-
Income
73 000
73 000
73 000
73 000
Total tax
27 153
24 311
33 803
32 004
After tax
45 847
48 689
39 197
40 996
Living cost
15 069
15 069
15 069
15 069
Free-cash
30 778
33 620
24 128
25 927

Estimated living cost  is ₴15069 per week

₴10822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50672
₴53507
₴52423
₴55037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 723
income
-
-
-
10 950
pensions

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

-
-
-
2 217
total
-
-
-
14 950
Employee
9 769
-
70 061
-
income
977
-
7 006
-
pensions

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

858
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 391
-
9 175
-
Employer
9 769
-
70 061
-
pensions

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

1 077
-
1 651
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 034
-
unemployment
59
-
90
-
total
1 917
-
2 940
-
Corporate
61 314
73 000
-
-
income
6 132
7 300
-
-
total
6 132
7 300
-
-
Dividends
55 183
65 700
-
-
withholding
2 759
3 285
-
-
total
2 759
3 285
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 199
10 585
12 115
14 950
After tax
59 801
62 415
60 885
58 050
Living cost
7 378
7 378
7 378
7 378
Free-cash
52 423
55 037
53 507
50 672

Estimated living cost  is ₴7378 per week

₴4879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22393
₴30007
₴26630
₴21020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 614
health

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

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

-
-
-
2 929
income

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

-
-
-
22 285
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.

-
-
-
1 225
total
-
-
-
34 053
Employee

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

21 334
-
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.

97
-
1 225
-
income

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

1 754
-
22 285
-
health

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

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

2 929
-
2 929
-
total
4 780
-
26 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 666
73 000
-
-
trade
7 414
10 475
-
-
surtax

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

426
602
-
-
income
7 749
10 950
-
-
chamber of commerce
141
173
-
-
total
15 730
22 200
-
-
Dividends
35 935
50 800
-
-
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.

485
689
-
-
withholding
8 821
12 537
-
-
total
9 306
13 226
-
-
Income
73 000
73 000
73 000
73 000
Total tax
29 816
35 426
26 439
34 053
After tax
43 184
37 574
46 561
38 947
Living cost
16 554
16 554
16 554
16 554
Free-cash
26 630
21 020
30 007
22 393

Estimated living cost  is ₴16554 per week

₴11419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14341
₴14341
₴27621
₴26675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 121
income
-
-
-
22 113
total
-
-
-
34 234
Employee
33 540
-
73 000
-
social contributions
2 786
-
12 121
-
income
6 329
-
22 113
-
total
9 115
-
34 234
-
Employer
33 540
-
73 000
-
total
-
-
-
-
Corporate
39 460
73 000
-
-
income
4 933
9 125
-
-
total
4 933
9 125
-
-
Dividends
34 528
63 875
-
-
withholding
6 906
12 775
-
-
total
6 906
12 775
-
-
Income
73 000
73 000
73 000
73 000
Total tax
20 954
21 900
34 234
34 234
After tax
52 046
51 100
38 766
38 766
Living cost
24 425
24 425
24 425
24 425
Free-cash
27 621
26 675
14 341
14 341

Estimated living cost  is ₴24425 per week

₴18582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
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.
₴3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42367
₴36494
₴31118
₴29620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 863
income
-
-
-
12 205
total
-
-
-
15 068
Employee
19 670
-
71 028
-
social contributions
1 971
-
1 972
-
income
2 134
-
16 997
-
total
4 105
-
18 969
-
Employer
19 670
-
71 028
-
social contributions
1 971
-
1 972
-
total
1 971
-
1 972
-
Corporate
51 360
73 000
-
-
income
17 976
25 550
-
-
total
17 976
25 550
-
-
Dividends
33 384
47 450
-
-
social contributions
2 265
2 265
-
-
total
2 265
2 265
-
-
Income
73 000
73 000
73 000
73 000
Total tax
26 317
27 815
20 941
15 068
After tax
46 683
45 185
52 059
57 932
Living cost
15 565
15 565
15 565
15 565
Free-cash
31 118
29 620
36 494
42 367

Estimated living cost  is ₴15565 per week

₴10252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
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.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32610
₴25987
₴34638
₴32084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 000
income
-
-
-
20 547
pensions
-
-
-
3 821
total
-
-
-
24 368
Employee
21 993
-
63 797
-
income
4 005
-
16 130
-
pensions
1 679
-
4 722
-
health
287
-
937
-
total
5 971
-
21 789
-
Employer
21 993
-
63 797
-
pensions
2 222
-
7 990
-
health
418
-
1 212
-
total
2 640
-
9 202
-
Corporate
48 367
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.

9 190
13 870
-
-
total
9 190
13 870
-
-
Dividends
39 177
59 130
-
-
withholding
4 539
11 024
-
-
total
4 539
11 024
-
-
Income
73 000
73 000
73 000
73 000
Total tax
22 340
24 894
30 991
24 368
After tax
50 660
48 106
42 009
48 632
Living cost
16 022
16 022
16 022
16 022
Free-cash
34 638
32 084
25 987
32 610

Estimated living cost  is ₴16022 per week

₴10991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴39735
₴29398
₴4352
-₴4263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
20 114
pensions
-
-
-
1 777
total
-
-
-
23 089
Employee
16 008
-
65 591
-
income
2 196
-
15 249
-
pensions
1 803
-
3 259
-
health
1 833
-
7 510
-
total
5 832
-
26 018
-
Employer
16 008
-
65 591
-
pensions
2 603
-
4 706
-
accident
267
-
1 095
-
unemployment
392
-
1 607
-
total
3 262
-
7 408
-
Corporate
53 730
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.

48 357
65 700
-
-
total
48 357
65 700
-
-
Dividends
5 373
7 300
-
-
withholding
1 021
1 387
-
-
total
1 021
1 387
-
-
Income
73 000
73 000
73 000
73 000
Total tax
58 472
67 087
33 426
23 089
After tax
14 528
5 913
39 574
49 911
Living cost
10 176
10 176
10 176
10 176
Free-cash
4 352
-4 263
29 398
39 735

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36359
₴45787
₴53634
₴55639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
343
unemployment
-
-
-
823
income
-
-
-
11 998
health insurance
-
-
-
5 073
pensions
-
-
-
12 614
total
-
-
-
30 851
Employee

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

9 264
-
73 000
-
income
926
-
11 998
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
21 423
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 736
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%.

637
730
-
-
total
637
730
-
-
Dividends
63 098
72 270
-
-
withholding
9 465
10 841
-
-
total
9 465
10 841
-
-
Income
73 000
73 000
73 000
73 000
Total tax
13 576
11 571
21 423
30 851
After tax
59 424
61 429
51 577
42 149
Living cost
5 790
5 790
5 790
5 790
Free-cash
53 634
55 639
45 787
36 359

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17091
₴13888
₴19419
₴21371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 776
municipal
-
-
-
488
national
-
-
-
17 895
regional
-
-
-
1 669
total
-
-
-
38 828
Employee
36 131
-
73 000
-
national
6 106
-
15 501
-
social contributions
12 183
-
24 615
-
municipal
216
-
435
-
regional
545
-
1 480
-
total
19 050
-
42 031
-
Employer
36 131
-
73 000
-
total
-
-
-
-
Corporate
36 869
73 000
-
-
nationa
8 849
17 520
-
-
municipal
1 777
3 518
-
-
total
10 626
21 038
-
-
Dividends
26 243
51 961
-
-
withholding
6 824
13 510
-
-
total
6 824
13 510
-
-
Income
73 000
73 000
73 000
73 000
Total tax
36 500
34 548
42 031
38 828
After tax
36 500
38 452
30 969
34 172
Living cost
17 081
17 081
17 081
17 081
Free-cash
19 419
21 371
13 888
17 091

Estimated living cost  is ₴17081 per week

₴11999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
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.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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