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
₴ 74000
per

Your estimated
City
free-cash

Dresden , Germany
₴32728
₴21790
₴24834
₴27473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health

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

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

-
-
-
3 510
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.

-
-
-
21 045
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.

-
-
-
1 157
trade
-
-
-
7 894
total
-
-
-
33 606
Employee

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

19 649
-
74 000
-
surtax

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

30
-
1 157
-
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.

549
-
21 045
-
health

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

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

3 510
-
3 510
-
total
4 089
-
25 712
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 351
74 000
-
-
chamber of commerce
156
184
-
-
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.

448
610
-
-
trade
8 560
11 655
-
-
income
8 153
11 100
-
-
total
17 317
23 549
-
-
Dividends
37 034
50 451
-
-
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.

498
683
-
-
withholding
9 063
12 418
-
-
total
9 561
13 101
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 967
36 650
25 712
33 606
After tax
43 033
37 350
48 288
40 394
Living cost
15 560
15 560
15 560
15 560
Free-cash
27 473
21 790
32 728
24 834

Estimated living cost  is ₴15560 per week

₴9788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17549
₴19129
₴16970
₴18679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
795
pensions
-
-
-
8 880
national
-
-
-
12 343
municipal
-
-
-
7 965
total
-
-
-
29 983
Employee
41 927
-
63 972
-
municipal
5 179
-
8 252
-
national
8 025
-
12 787
-
pensions
1 677
-
2 559
-
total
14 881
-
23 598
-
Employer
41 927
-
63 972
-
pensions
3 354
-
5 118
-
social contributions
451
-
688
-
total
3 805
-
5 806
-
Corporate
25 501
74 000
-
-
income

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

5 100
14 800
-
-
total
5 100
14 800
-
-
Dividends
20 400
59 200
-
-
withholding
4 488
13 024
-
-
total
4 488
13 024
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 274
27 824
29 404
29 983
After tax
45 726
46 176
44 596
44 017
Living cost
27 047
27 047
27 047
27 047
Free-cash
18 679
19 129
17 549
16 970

Estimated living cost  is ₴27047 per week

₴18383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34728
₴48513
₴12852
₴44300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
social contributions

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

-
-
-
19 683
income
-
-
-
11 908
surtax
-
-
-
18 870
microenterprise
-
-
-
-
total
-
-
-
50 461
Employee
15 011
-
52 502
-
surtax
-
-
-
-
social contributions

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

1 651
-
5 775
-
income
2 672
-
10 162
-
total
4 323
-
15 937
-
Employer
15 011
-
52 502
-
surtax
-
-
-
-
social contributions

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

3 616
-
12 648
-
total
3 616
-
12 648
-
Corporate
55 373
74 000
-
-
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%.

11 074
14 800
-
-
total
11 074
14 800
-
-
Dividends

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

44 299
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
19 013
14 800
28 585
50 461
After tax
54 987
59 200
45 415
23 539
Living cost
10 687
10 687
10 687
10 687
Free-cash
44 300
48 513
34 728
12 852

Estimated living cost  is ₴10687 per week

₴6818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22925
₴14871
₴20481
₴11726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
6 335
income
-
-
-
19 645
pensions
-
-
-
6 019
total
-
-
-
31 999
Employee
43 869
43 869
64 453
-
income

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

7 181
7 181
7 655
-
pensions
7 896
6 019
6 019
-
health
6 733
5 727
6 335
-
total
21 810
18 927
20 009
-
Employer
43 869
43 869
64 453
-
unemployment
1 579
1 579
1 962
-
health
3 049
3 049
3 789
-
pensions
3 053
3 053
3 795
-
total
7 681
7 681
9 546
-
Corporate
22 987
22 449
-
-
income
4 597
4 490
-
-
total
4 597
4 490
-
-
Dividends
18 390
17 959
-
-
income
3 907
3 817
-
-
withholding
2 759
2 694
-
-
total
6 666
6 511
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 754
37 609
29 555
31 999
After tax
33 246
36 391
44 445
42 001
Living cost
21 520
21 520
21 520
21 520
Free-cash
11 726
14 871
22 925
20 481

Estimated living cost  is ₴21520 per week

₴15251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17273
₴19086
₴17846
₴18607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
5 429
health
-
-
-
2 915
accident
-
-
-
93
pensions
-
-
-
5 051
national
-
-
-
3 270
unemployment
-
-
-
47
municipal
-
-
-
18 031
total
-
-
-
34 836
Employee
30 376
-
59 320
-
municipal
9 058
-
17 689
-
national
-
-
3 041
-
total
9 058
-
20 730
-
Employer
30 376
-
59 320
-
other
3 530
-
5 429
-
unemployment
802
-
1 233
-
health
1 868
-
2 873
-
accident
61
-
93
-
pensions
3 284
-
5 051
-
total
9 545
-
14 679
-
Corporate
34 080
74 000
-
-
income
7 497
16 280
-
-
total
7 497
16 280
-
-
Dividends
26 582
57 720
-
-
withholding
7 975
17 316
-
-
total
7 975
17 316
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 075
33 596
35 409
34 836
After tax
39 925
40 404
38 591
39 164
Living cost
21 318
21 318
21 318
21 318
Free-cash
18 607
19 086
17 273
17 846

Estimated living cost  is ₴21318 per week

₴14129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2092
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.
₴4774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28107
₴16789
₴19863
₴24004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health

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

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

-
-
-
3 510
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.

-
-
-
21 045
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.

-
-
-
1 157
trade
-
-
-
8 244
total
-
-
-
33 956
Employee

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

26 051
-
74 000
-
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.

123
-
1 157
-
income

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

2 238
-
21 045
-
health

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

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

3 510
-
3 510
-
total
5 871
-
25 712
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 949
74 000
-
-
chamber of commerce
146
183
-
-
surtax

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

396
610
-
-
trade
7 888
12 173
-
-
income
7 193
11 100
-
-
total
15 623
24 066
-
-
Dividends
32 326
49 933
-
-
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.

434
676
-
-
withholding
7 887
12 288
-
-
total
8 321
12 964
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 815
37 030
25 712
33 956
After tax
44 185
36 970
48 288
40 044
Living cost
20 181
20 181
20 181
20 181
Free-cash
24 004
16 789
28 107
19 863

Estimated living cost  is ₴20181 per week

₴13497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34048
₴37376
₴34743
₴35243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 312
health
-
-
-
1 887
income
-
-
-
12 396
total
-
-
-
22 595
Employee
39 502
39 502
68 315
-
social contributions
1 920
3 278
4 422
-
income
4 148
3 657
12 022
-
health
393
672
1 161
-
total
6 461
7 607
17 605
-
Employer
39 502
39 502
68 315
-
health
428
731
1 263
-
social contributions
1 920
3 278
4 422
-
total
2 348
4 009
5 685
-
Corporate
48 530
30 488
-
-
income
6 067
3 811
-
-
total
6 067
3 811
-
-
Dividends
42 463
26 677
-
-
withholding
7 219
4 535
-
-
total
7 219
4 535
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 095
19 962
23 290
22 595
After tax
51 905
54 038
50 710
51 405
Living cost
16 662
16 662
16 662
16 662
Free-cash
35 243
37 376
34 048
34 743

Estimated living cost  is ₴16662 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33588
₴32293
₴41952
₴32485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
5 180
income
-
-
-
9 047
pensions
-
-
-
7 400
unemployment
-
-
-
1 110
total
-
-
-
22 737
Employee

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

The minimum wage is 138,000 HUF per month.

13 440
5 349
61 925
-
income
1 643
654
7 570
-
pensions
1 344
535
6 192
-
health
941
374
4 335
-
unemployment
202
80
929
-
total
4 130
1 643
19 026
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 440
5 349
61 925
-
pensions
2 621
1 043
12 075
-
total
2 621
1 043
12 075
-
Corporate
57 939
67 608
-
-
income
5 215
6 085
-
-
total
5 215
6 085
-
-
Dividends
52 724
61 523
-
-
social contributions
10 220
11 936
-
-
withholding
10 018
11 689
-
-
total
20 238
23 625
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 204
32 396
31 101
22 737
After tax
41 796
41 604
42 899
51 263
Living cost
9 311
9 311
9 311
9 311
Free-cash
32 485
32 293
33 588
41 952

Estimated living cost  is ₴9311 per week

₴6354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴762
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30244
₴46792
₴27257
₴43601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
9 620
income
-
-
-
9 916
pensions
-
-
-
14 799
total
-
-
-
34 335
Employee
14 573
-
55 307
-
income
1 641
-
10 663
-
pensions
291
-
1 106
-
unemployment
233
-
885
-
total
2 165
-
12 654
-
Employer
14 573
-
55 307
-
unemployment
117
-
443
-
health
1 894
-
7 190
-
pensions
2 915
-
11 061
-
total
4 926
-
18 694
-
Corporate
54 501
74 000
-
-
income
10 900
14 800
-
-
total
10 900
14 800
-
-
Dividends
43 601
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
17 991
14 800
31 348
34 335
After tax
56 009
59 200
42 652
39 665
Living cost
12 408
12 408
12 408
12 408
Free-cash
43 601
46 792
30 244
27 257

Estimated living cost  is ₴12408 per week

₴8511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28282
-₴5333
₴39320
₴4257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
19 767
pensions
-
-
-
2 142
total
-
-
-
23 353
Employee
17 818
-
65 624
-
income
2 444
-
14 573
-
pensions
2 006
-
3 928
-
health
2 040
-
7 514
-
total
6 490
-
26 015
-
Employer
17 818
-
65 624
-
unemployment
437
-
1 608
-
accident
297
-
1 096
-
pensions
2 897
-
5 672
-
total
3 631
-
8 376
-
Corporate
52 551
74 000
-
-
income

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

47 296
66 600
-
-
total
47 296
66 600
-
-
Dividends
5 255
7 400
-
-
withholding
999
1 406
-
-
total
999
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 416
68 006
34 391
23 353
After tax
15 584
5 994
39 609
50 647
Living cost
11 327
11 327
11 327
11 327
Free-cash
4 257
-5 333
28 282
39 320

Estimated living cost  is ₴11327 per week

₴8302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54985
₴66085
₴69045
₴65294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
74 000
microenterprise

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

-
-
-
740
total
-
-
-
740
Employee
5 268
-
74 000
-
income
1 054
-
14 800
-
total
1 054
-
14 800
-
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%.

68 732
74 000
-
-
total
-
-
-
-
Dividends
68 732
74 000
-
-
withholding
3 437
3 700
-
-
total
3 437
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 491
3 700
14 800
740
After tax
69 509
70 300
59 200
73 260
Living cost
4 215
4 215
4 215
4 215
Free-cash
65 294
66 085
54 985
69 045

Estimated living cost  is ₴4215 per week

₴2612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28646
₴40680
₴25589
₴37212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
3 515
health
-
-
-
3 256
income
-
-
-
10 193
pensions

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

-
-
-
17 759
total
-
-
-
34 723
Employee
18 652
-
59 105
-
income
3 211
-
11 214
-
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.

1 305
-
4 137
-
health
261
-
828
-
unemployment
186
-
591
-
total
4 963
-
16 770
-
Employer
18 652
-
59 105
-
other
933
-
2 956
-
unemployment
186
-
591
-
health
261
-
828
-
accident
149
-
473
-
pensions

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

3 171
-
10 048
-
total
4 700
-
14 896
-
Corporate
50 647
74 000
-
-
income
10 636
15 540
-
-
total
10 636
15 540
-
-
Dividends
40 011
58 460
-
-
withholding
2 801
4 092
-
-
total
2 801
4 092
-
-
Income
74 000
74 000
74 000
74 000
Total tax
23 100
19 632
31 666
34 723
After tax
50 900
54 368
42 334
39 277
Living cost
13 688
13 688
13 688
13 688
Free-cash
37 212
40 680
28 646
25 589

Estimated living cost  is ₴13688 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
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.
₴2872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9451
₴16113
₴16234
₴14454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
19 496
pensions
-
-
-
4 264
total
-
-
-
23 760
Employee
48 114
-
64 787
-
income
8 673
-
14 973
-
health
793
-
1 000
-
pensions
4 642
-
5 357
-
total
14 108
-
21 330
-
Employer
48 114
-
64 787
-
health
914
-
1 231
-
pensions
5 681
-
7 982
-
total
6 595
-
9 213
-
Corporate
19 292
74 000
-
-
income

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

3 665
14 060
-
-
total
3 665
14 060
-
-
Dividends
15 627
59 940
-
-
withholding
1 172
9 821
-
-
total
1 172
9 821
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 540
23 881
30 543
23 760
After tax
48 460
50 119
43 457
50 240
Living cost
34 006
34 006
34 006
34 006
Free-cash
14 454
16 113
9 451
16 234

Estimated living cost  is ₴34006 per week

₴25481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3996
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.
₴4253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54258
₴56621
₴51521
₴54265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
2 037
income
-
-
-
11 100
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
15 830
Employee
8 804
-
70 525
-
income
880
-
7 053
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

773
-
1 555
-
health
405
-
815
-
total
2 155
-
9 618
-
Employer
8 804
-
70 525
-
unemployment
53
-
106
-
health
608
-
1 222
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 952
-
total
1 728
-
3 475
-
Corporate
63 469
74 000
-
-
income
6 347
7 400
-
-
total
6 347
7 400
-
-
Dividends
57 122
66 600
-
-
withholding
2 856
3 330
-
-
total
2 856
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 086
10 730
13 093
15 830
After tax
60 914
63 270
60 907
58 170
Living cost
6 649
6 649
6 649
6 649
Free-cash
54 265
56 621
54 258
51 521

Estimated living cost  is ₴6649 per week

₴3882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15959
₴7905
₴13515
₴9195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
6 335
income
-
-
-
19 645
pensions
-
-
-
6 019
total
-
-
-
31 999
Employee
47 628
43 869
64 453
-
income

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

7 181
7 181
7 655
-
pensions
6 019
6 019
6 019
-
health
5 942
5 727
6 335
-
total
19 142
18 927
20 009
-
Employer
47 628
43 869
64 453
-
unemployment
1 715
1 579
1 962
-
health
3 310
3 049
3 789
-
pensions
3 315
3 053
3 795
-
total
8 340
7 681
9 546
-
Corporate
18 033
22 449
-
-
income
3 607
4 490
-
-
total
3 607
4 490
-
-
Dividends
14 426
17 959
-
-
income
3 066
3 817
-
-
withholding
2 164
2 694
-
-
total
5 230
6 511
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 319
37 609
29 555
31 999
After tax
37 681
36 391
44 445
42 001
Living cost
28 486
28 486
28 486
28 486
Free-cash
9 195
7 905
15 959
13 515

Estimated living cost  is ₴28486 per week

₴21013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴24927
₴38324
₴26342
₴33819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
18 167
health
-
-
-
9 990
income
-
-
-
6 876
solidarity contribution
-
-
-
-
total
-
-
-
35 033
Employee
18 567
-
55 224
-
social contributions
1 207
-
3 590
-
solidarity contribution
-
-
-
-
income
2 228
-
6 627
-
health
2 507
-
7 455
-
total
5 942
-
17 672
-
Employer
18 567
-
55 224
-
health
1 671
-
4 970
-
social contributions
4 642
-
13 806
-
total
6 313
-
18 776
-
Corporate
49 121
74 000
-
-
income
9 333
14 060
-
-
total
9 333
14 060
-
-
Dividends
39 788
59 940
-
-
withholding
5 968
8 991
-
-
total
5 968
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 556
23 051
36 448
35 033
After tax
46 444
50 949
37 552
38 967
Living cost
12 625
12 625
12 625
12 625
Free-cash
33 819
38 324
24 927
26 342

Estimated living cost  is ₴12625 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴11174
₴17805
₴14654
₴15122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
19 032
national
-
-
-
17 341
regional
-
-
-
856
municipal
-
-
-
440
total
-
-
-
37 669
Employee
45 656
-
74 000
-
social contributions
15 395
-
24 953
-
municipal
242
-
392
-
national
7 911
-
15 050
-
regional
431
-
754
-
total
23 979
-
41 149
-
Employer
45 656
-
74 000
-
total
-
-
-
-
Corporate
28 344
74 000
-
-
nationa
6 803
17 760
-
-
municipal
1 106
2 886
-
-
total
7 909
20 646
-
-
Dividends
20 436
53 354
-
-
withholding
5 313
13 872
-
-
total
5 313
13 872
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 201
34 518
41 149
37 669
After tax
36 799
39 482
32 851
36 331
Living cost
21 677
21 677
21 677
21 677
Free-cash
15 122
17 805
11 174
14 654

Estimated living cost  is ₴21677 per week

₴15110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21849
₴35210
₴23779
₴33609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
-
health
-
-
-
4 868
income
-
-
-
17 672
pensions
-
-
-
13 712
surtax
-
-
-
2 516
unemployment
-
-
-
117
total
-
-
-
38 885
Employee
16 988
-
61 132
-
surtax
56
-
2 211
-
income
2 848
-
15 845
-
other
-
-
-
-
pensions
1 133
-
4 078
-
health
434
-
1 559
-
unemployment
1 183
-
4 254
-
total
5 654
-
27 947
-
Employer
16 988
-
61 132
-
other
-
-
-
-
unemployment
538
-
1 938
-
health
773
-
2 781
-
pensions
2 265
-
8 149
-
total
3 576
-
12 868
-
Corporate
53 436
74 000
-
-
income
13 894
19 240
-
-
total
13 894
19 240
-
-
Dividends
39 542
54 760
-
-
withholding
5 931
8 214
-
-
total
5 931
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 055
27 454
40 815
38 885
After tax
44 945
46 546
33 185
35 115
Living cost
11 336
11 336
11 336
11 336
Free-cash
33 609
35 210
21 849
23 779

Estimated living cost  is ₴11336 per week

₴6931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20225
₴26887
₴27008
₴28210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
19 496
pensions
-
-
-
4 264
total
-
-
-
23 760
Employee
32 244
-
64 787
-
income
5 807
-
14 973
-
health
468
-
1 000
-
pensions
2 737
-
5 357
-
total
9 012
-
21 330
-
Employer
32 244
-
64 787
-
health
613
-
1 231
-
pensions
3 490
-
7 982
-
total
4 103
-
9 213
-
Corporate
37 652
74 000
-
-
income

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

7 155
14 060
-
-
total
7 155
14 060
-
-
Dividends
30 498
59 940
-
-
withholding
2 288
9 821
-
-
total
2 288
9 821
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 558
23 881
30 543
23 760
After tax
51 442
50 119
43 457
50 240
Living cost
23 232
23 232
23 232
23 232
Free-cash
28 210
26 887
20 225
27 008

Estimated living cost  is ₴23232 per week

₴17405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴15705
-₴7670
₴19298
₴10090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
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.

-
-
-
1 480
health
-
-
-
166
pensions
-
-
-
6 808
city
-
-
-
780
national
-
-
-
820
regional
-
-
-
3 140
total
-
-
-
13 194
Employee
48 575
-
66 234
-
national
230
-
648
-
city
521
-
711
-
pensions
4 081
-
5 563
-
health
110
-
149
-
regional
1 591
-
2 679
-
unemployment
-
-
-
-
total
6 533
-
9 750
-
Employer
48 575
-
66 234
-
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.

971
-
1 325
-
unemployment
-
-
-
-
health
110
-
149
-
pensions
4 081
-
5 563
-
total
5 162
-
7 037
-
Corporate
19 729
74 000
-
-
regional
4 173
15 651
-
-
national
1 677
6 290
-
-
total
5 850
21 941
-
-
Dividends
13 879
52 059
-
-
withholding
4 857
18 221
-
-
total
4 857
18 221
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 402
40 162
16 787
13 194
After tax
51 598
33 838
57 213
60 806
Living cost
41 508
41 508
41 508
41 508
Free-cash
10 090
-7 670
15 705
19 298

Estimated living cost  is ₴41508 per week

₴26992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24755
₴13056
₴16161
₴21386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health

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

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

-
-
-
3 510
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.

-
-
-
21 045
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.

-
-
-
1 157
trade
-
-
-
8 594
total
-
-
-
34 306
Employee

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

30 873
-
74 000
-
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.

200
-
1 157
-
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.

3 630
-
21 045
-
health

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

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

3 510
-
3 510
-
total
7 340
-
25 712
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 127
74 000
-
-
chamber of commerce
138
182
-
-
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.

356
610
-
-
trade
7 396
12 691
-
-
income
6 469
11 100
-
-
total
14 359
24 583
-
-
Dividends
28 767
49 417
-
-
surtax

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

385
669
-
-
withholding
6 997
12 159
-
-
total
7 382
12 828
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 081
37 411
25 712
34 306
After tax
44 919
36 589
48 288
39 694
Living cost
23 533
23 533
23 533
23 533
Free-cash
21 386
13 056
24 755
16 161

Estimated living cost  is ₴23533 per week

₴17188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24940
₴19720
₴24391
₴22754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
2 294
social contributions
-
-
-
2 109
health
-
-
-
2 615
income
-
-
-
10 248
pensions
-
-
-
14 767
surtax
-
-
-
-
total
-
-
-
32 033
Employee
21 986
-
58 259
-
surtax
-
-
-
-
social contributions
627
-
1 660
-
income
1 298
-
10 448
-
pensions
2 486
-
3 640
-
total
4 411
-
15 748
-
Employer
21 986
-
58 259
-
other
758
-
2 097
-
unemployment
890
-
2 359
-
health
1 539
-
4 904
-
pensions
3 612
-
6 201
-
social contributions
66
-
175
-
total
6 865
-
15 736
-
Corporate
45 148
74 000
-
-
surtax
-
-
-
-
income
12 641
20 720
-
-
total
12 641
20 720
-
-
Dividends
32 507
53 280
-
-
social contributions
5 592
9 164
-
-
surtax
-
-
-
-
withholding
4 161
6 820
-
-
total
9 753
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 670
36 704
31 484
32 033
After tax
40 330
37 296
42 516
41 967
Living cost
17 576
17 576
17 576
17 576
Free-cash
22 754
19 720
24 940
24 391

Estimated living cost  is ₴17576 per week

₴11082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26682
₴21462
₴26133
₴24315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
2 294
social contributions
-
-
-
2 109
health
-
-
-
2 615
income
-
-
-
10 248
pensions
-
-
-
14 767
surtax
-
-
-
-
total
-
-
-
32 033
Employee
19 626
-
58 259
-
surtax
-
-
-
-
social contributions
560
-
1 660
-
income
1 012
-
10 448
-
pensions
2 220
-
3 640
-
total
3 792
-
15 748
-
Employer
19 626
-
58 259
-
other
678
-
2 097
-
unemployment
795
-
2 359
-
health
1 374
-
4 904
-
pensions
3 225
-
6 201
-
social contributions
58
-
175
-
total
6 130
-
15 736
-
Corporate
48 245
74 000
-
-
surtax
-
-
-
-
income
13 509
20 720
-
-
total
13 509
20 720
-
-
Dividends
34 737
53 280
-
-
social contributions
5 974
9 164
-
-
surtax
-
-
-
-
withholding
4 446
6 820
-
-
total
10 420
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 851
36 704
31 484
32 033
After tax
40 149
37 296
42 516
41 967
Living cost
15 834
15 834
15 834
15 834
Free-cash
24 315
21 462
26 682
26 133

Estimated living cost  is ₴15834 per week

₴9183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35588
₴34253
₴36630
₴34520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
10 212
health
-
-
-
5 165
income
-
-
-
11 100
total
-
-
-
26 477
Employee
17 418
-
74 000
-
social contributions
2 404
-
10 212
-
income
2 905
-
12 142
-
health
1 216
-
5 165
-
total
6 525
-
27 519
-
Employer
17 418
-
74 000
-
total
-
-
-
-
Corporate
56 582
74 000
-
-
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%.

2 829
3 700
-
-
total
2 829
3 700
-
-
Dividends
53 753
70 300
-
-
social contributions
7 418
9 702
-
-
withholding
8 063
10 545
-
-
health
3 752
4 907
-
-
total
19 233
25 154
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 587
28 854
27 519
26 477
After tax
45 413
45 146
46 481
47 523
Living cost
10 893
10 893
10 893
10 893
Free-cash
34 520
34 253
35 588
36 630

Estimated living cost  is ₴10893 per week

₴7290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1435
₴23000
₴19633
₴22207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
4 591
income
-
-
-
17 024
chamber of commerce
-
-
-
296
pensions
-
-
-
11 103
surtax
-
-
-
101
unemployment
-
-
-
3 151
total
-
-
-
36 266
Employee
25 673
20 472
57 384
-
income
2 923
1 510
13 595
-
other
256
205
574
-
pensions
2 629
2 096
5 877
-
health
993
793
2 221
-
unemployment
770
614
1 722
-
total
7 571
5 218
23 989
-
Employer
25 673
20 472
57 384
-
other
1 220
972
2 726
-
unemployment
770
614
1 722
-
health
970
774
2 169
-
surtax
101
101
101
-
accident
333
266
746
-
pensions
3 222
2 570
7 201
-
payroll
770
614
1 722
-
chamber of commerce
102
82
229
-
total
7 488
5 993
16 616
-
Corporate
40 838
47 534
55 435
-
income

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

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

10 210
11 884
13 859
-
total
10 210
11 884
13 859
-
Dividends
30 628
35 651
-
-
withholding
8 423
9 804
-
-
total
8 423
9 804
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 692
32 899
54 464
36 266
After tax
40 308
41 101
19 536
37 734
Living cost
18 101
18 101
18 101
18 101
Free-cash
22 207
23 000
1 435
19 633

Estimated living cost  is ₴18101 per week

₴12073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8243
₴22689
₴13774
₴14984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
11 606
communal

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

-
-
-
3 743
national
-
-
-
26 146
total
-
-
-
41 495
Employee

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

36 746
-
57 315
-
national
11 297
-
19 862
-
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.

2 756
-
4 298
-
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.

1 726
-
2 694
-
communal

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

1 917
-
2 990
-
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.

320
-
498
-
total
18 016
-
30 342
-
Employer

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

36 746
-
57 315
-
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.

536
-
836
-
health

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

2 260
-
3 525
-
surtax
4 167
-
6 500
-
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.

478
-
745
-
pensions

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

3 256
-
5 078
-
total
10 697
-
16 684
-
Corporate
26 558
74 000
-
-
surtax
106
296
-
-
income
5 311
14 800
-
-
total
5 417
15 096
-
-
Dividends
21 140
58 903
-
-
withholding

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

6 155
17 484
-
-
total
6 155
17 484
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 285
32 580
47 026
41 495
After tax
33 715
41 420
26 974
32 505
Living cost
18 731
18 731
18 731
18 731
Free-cash
14 984
22 689
8 243
13 774

Estimated living cost  is ₴18731 per week

₴12065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20791
₴30973
₴23161
₴27164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
18 002
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
32 287
Employee
25 571
-
58 820
-
income
5 395
-
16 454
-
other
25
-
48
-
pensions
1 202
-
2 238
-
unemployment
397
-
738
-
total
7 019
-
19 478
-
Employer
25 571
-
58 820
-
other
204
-
381
-
unemployment
1 407
-
2 618
-
accident
506
-
943
-
pensions
6 034
-
11 237
-
total
8 151
-
15 179
-
Corporate
40 278
74 000
-
-
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.

6 041
11 100
-
-
total
6 041
11 100
-
-
Dividends
34 236
62 900
-
-
withholding
7 073
13 375
-
-
total
7 073
13 375
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 284
24 475
34 657
32 287
After tax
45 716
49 525
39 343
41 713
Living cost
18 552
18 552
18 552
18 552
Free-cash
27 164
30 973
20 791
23 161

Estimated living cost  is ₴18552 per week

₴13662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3307
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13464
₴16248
₴10516
₴10570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
5 200
accident
-
-
-
624
income
-
-
-
10 307
pensions
-
-
-
11 092
communal
-
-
-
4 676
surtax
-
-
-
3 668
total
-
-
-
35 567
Employee
38 903
-
66 101
-
surtax
2 385
-
4 051
-
income
3 758
-
12 438
-
pensions
3 112
-
5 288
-
health
1 731
-
2 942
-
total
10 986
-
24 719
-
Employer
38 903
-
66 101
-
health
1 186
-
2 017
-
accident
350
-
595
-
pensions
3 112
-
5 288
-
total
4 648
-
7 900
-
Corporate
30 449
74 000
-
-
surtax
320
777
-
-
income
4 567
11 100
-
-
communal
2 055
4 995
-
-
total
6 942
16 872
-
-
Dividends
23 507
57 128
-
-
income
9 411
4 394
-
-
withholding
3 526
8 569
-
-
total
12 937
12 963
-
-
Income
74 000
74 000
74 000
74 000
Total tax
35 513
29 835
32 619
35 567
After tax
38 487
44 165
41 381
38 433
Living cost
27 917
27 917
27 917
27 917
Free-cash
10 570
16 248
13 464
10 516

Estimated living cost  is ₴27917 per week

₴20942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21646
₴35007
₴23576
₴33373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
-
health
-
-
-
4 868
income
-
-
-
17 672
pensions
-
-
-
13 712
surtax
-
-
-
2 516
unemployment
-
-
-
117
total
-
-
-
38 885
Employee
17 300
-
61 132
-
surtax
61
-
2 211
-
income
2 900
-
15 845
-
other
-
-
-
-
pensions
1 154
-
4 078
-
health
442
-
1 559
-
unemployment
1 204
-
4 254
-
total
5 761
-
27 947
-
Employer
17 300
-
61 132
-
other
-
-
-
-
unemployment
549
-
1 938
-
health
787
-
2 781
-
pensions
2 307
-
8 149
-
total
3 643
-
12 868
-
Corporate
53 058
74 000
-
-
income
13 795
19 240
-
-
total
13 795
19 240
-
-
Dividends
39 262
54 760
-
-
withholding
5 889
8 214
-
-
total
5 889
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 088
27 454
40 815
38 885
After tax
44 912
46 546
33 185
35 115
Living cost
11 539
11 539
11 539
11 539
Free-cash
33 373
35 007
21 646
23 576

Estimated living cost  is ₴11539 per week

₴6966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18771
₴25058
₴22233
₴23918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
19 032
national
-
-
-
17 341
regional
-
-
-
1 116
municipal
-
-
-
440
total
-
-
-
37 929
Employee
28 496
-
74 000
-
social contributions
9 609
-
24 953
-
municipal
151
-
392
-
national
4 515
-
15 050
-
regional
384
-
996
-
total
14 659
-
41 391
-
Employer
28 496
-
74 000
-
total
-
-
-
-
Corporate
45 504
74 000
-
-
nationa
10 920
17 760
-
-
municipal
2 262
3 678
-
-
total
13 182
21 438
-
-
Dividends
32 321
52 562
-
-
withholding
8 403
13 666
-
-
total
8 403
13 666
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 244
35 104
41 391
37 929
After tax
37 756
38 896
32 609
36 071
Living cost
13 838
13 838
13 838
13 838
Free-cash
23 918
25 058
18 771
22 233

Estimated living cost  is ₴13838 per week

₴8606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21994
₴35391
₴23409
₴29841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
18 167
health
-
-
-
9 990
income
-
-
-
6 876
solidarity contribution
-
-
-
-
total
-
-
-
35 033
Employee
22 879
-
55 224
-
social contributions
1 487
-
3 590
-
solidarity contribution
-
-
-
-
income
2 745
-
6 627
-
health
3 089
-
7 455
-
total
7 321
-
17 672
-
Employer
22 879
-
55 224
-
health
2 059
-
4 970
-
social contributions
5 720
-
13 806
-
total
7 779
-
18 776
-
Corporate
43 342
74 000
-
-
income
8 235
14 060
-
-
total
8 235
14 060
-
-
Dividends
35 107
59 940
-
-
withholding
5 266
8 991
-
-
total
5 266
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 601
23 051
36 448
35 033
After tax
45 399
50 949
37 552
38 967
Living cost
15 558
15 558
15 558
15 558
Free-cash
29 841
35 391
21 994
23 409

Estimated living cost  is ₴15558 per week

₴11570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴3167
₴24767
₴21446
₴24513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
4 591
income
-
-
-
17 024
chamber of commerce
-
-
-
296
pensions
-
-
-
11 103
surtax
-
-
-
-
unemployment
-
-
-
3 151
total
-
-
-
36 165
Employee
22 456
20 472
57 462
-
income
2 000
1 510
13 622
-
other
224
205
574
-
pensions
2 300
2 096
5 884
-
health
869
793
2 224
-
unemployment
674
614
1 724
-
total
6 067
5 218
24 028
-
Employer
22 456
20 472
57 462
-
other
1 067
972
2 730
-
unemployment
674
614
1 724
-
health
849
774
2 172
-
surtax
-
-
-
-
accident
291
266
747
-
pensions
2 818
2 570
7 211
-
payroll
674
614
1 724
-
chamber of commerce
90
82
230
-
total
6 463
5 892
16 538
-
Corporate
45 082
47 636
55 514
-
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.

11 270
11 909
13 878
-
total
11 270
11 909
13 878
-
Dividends
33 811
35 727
-
-
withholding
9 298
9 825
-
-
total
9 298
9 825
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 098
32 844
54 444
36 165
After tax
40 902
41 156
19 556
37 835
Living cost
16 389
16 389
16 389
16 389
Free-cash
24 513
24 767
3 167
21 446

Estimated living cost  is ₴16389 per week

₴9832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52632
₴63732
₴66692
₴62501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
74 000
microenterprise

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

-
-
-
740
total
-
-
-
740
Employee
8 210
-
74 000
-
income
1 642
-
14 800
-
total
1 642
-
14 800
-
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%.

65 790
74 000
-
-
total
-
-
-
-
Dividends
65 790
74 000
-
-
withholding
3 289
3 700
-
-
total
3 289
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 931
3 700
14 800
740
After tax
69 069
70 300
59 200
73 260
Living cost
6 568
6 568
6 568
6 568
Free-cash
62 501
63 732
52 632
66 692

Estimated living cost  is ₴6568 per week

₴4445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
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.
₴1627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21239
₴37170
₴23200
₴32874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health
-
-
-
7 281
income
-
-
-
16 114
pensions
-
-
-
13 515
unemployment
-
-
-
111
total
-
-
-
37 021
Employee

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

22 717
-
64 030
-
income
3 917
-
14 861
-
pensions
3 521
-
9 925
-
health
1 467
-
4 136
-
unemployment
32
-
90
-
total
8 937
-
29 012
-
Employer

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

22 717
-
64 030
-
unemployment
14
-
38
-
health
1 513
-
4 265
-
pensions
2 010
-
5 667
-
total
3 537
-
9 970
-
Corporate
47 747
74 000
-
-
income
9 072
14 060
-
-
total
9 072
14 060
-
-
Dividends
38 675
59 940
-
-
withholding
5 801
8 991
-
-
total
5 801
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 347
23 051
38 982
37 021
After tax
46 653
50 949
35 018
36 979
Living cost
13 779
13 779
13 779
13 779
Free-cash
32 874
37 170
21 239
23 200

Estimated living cost  is ₴13779 per week

₴9456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43377
₴21554
₴27672
-₴7097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 436
income
-
-
-
14 424
total
-
-
-
22 860
Employee
33 650
-
-
-
social contributions
2 759
-
393
-
income
7 423
-
-
-
total
10 182
-
393
-
Employer
33 650
-
-
-
social contributions
47 447
-
6 762
-
total
47 447
-
6 762
-
Corporate
-
74 000
-
-
income
-
16 280
-
-
total
-
16 280
-
-
Dividends
-
57 720
-
-
income
-
12 698
-
-
total
-
12 698
-
-
Income
74 000
74 000
74 000
74 000
Total tax
57 629
28 978
7 155
22 860
After tax
16 371
45 022
66 845
51 140
Living cost
23 468
23 468
23 468
23 468
Free-cash
-7 097
21 554
43 377
27 672

Estimated living cost  is ₴23468 per week

₴15227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2207
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18964
₴25977
₴24083
₴25460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
social contributions

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

-
-
-
25 715
income
-
-
-
8 088
surtax
-
-
-
-
total
-
-
-
33 803
Employee
23 627
-
59 798
-
surtax
-
-
-
-
social contributions
2 599
-
6 577
-
income
4 914
-
18 143
-
total
7 513
-
24 720
-
Employer
23 627
-
59 798
-
social contributions
5 611
-
14 202
-
total
5 611
-
14 202
-
Corporate
44 762
74 000
-
-
surtax
-
-
-
-
income
9 400
15 540
-
-
total
9 400
15 540
-
-
Dividends
35 362
58 460
-
-
withholding
9 902
16 369
-
-
total
9 902
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 426
31 909
38 922
33 803
After tax
41 574
42 091
35 078
40 197
Living cost
16 114
16 114
16 114
16 114
Free-cash
25 460
25 977
18 964
24 083

Estimated living cost  is ₴16114 per week

₴12056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17704
₴12484
₴17155
₴16015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
2 294
social contributions
-
-
-
2 109
health
-
-
-
2 615
income
-
-
-
10 248
pensions
-
-
-
14 767
surtax
-
-
-
-
total
-
-
-
32 033
Employee
32 175
-
58 259
-
surtax
-
-
-
-
social contributions
916
-
1 660
-
income
2 807
-
10 448
-
pensions
3 639
-
3 640
-
total
7 362
-
15 748
-
Employer
32 175
-
58 259
-
other
1 110
-
2 097
-
unemployment
1 303
-
2 359
-
health
2 252
-
4 904
-
pensions
5 287
-
6 201
-
social contributions
97
-
175
-
total
10 049
-
15 736
-
Corporate
31 776
74 000
-
-
surtax
-
-
-
-
income
8 898
20 720
-
-
total
8 898
20 720
-
-
Dividends
22 879
53 280
-
-
social contributions
3 935
9 164
-
-
surtax
-
-
-
-
withholding
2 929
6 820
-
-
total
6 864
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 173
36 704
31 484
32 033
After tax
40 827
37 296
42 516
41 967
Living cost
24 812
24 812
24 812
24 812
Free-cash
16 015
12 484
17 704
17 155

Estimated living cost  is ₴24812 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41592
₴51158
₴39625
₴49433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
2 653
social contributions
-
-
-
16 280
total
-
-
-
18 933
Employee
16 515
-
64 069
-
income
-
-
2 871
-
social contributions
1 073
-
4 165
-
total
1 073
-
7 036
-
Employer
16 515
-
64 069
-
social contributions
2 560
-
9 930
-
total
2 560
-
9 930
-
Corporate
54 925
74 000
-
-
income
5 492
7 400
-
-
total
5 492
7 400
-
-
Dividends
49 432
66 600
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
9 125
7 400
16 966
18 933
After tax
64 875
66 600
57 034
55 067
Living cost
15 442
15 442
15 442
15 442
Free-cash
49 433
51 158
41 592
39 625

Estimated living cost  is ₴15442 per week

₴9985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴37284
-₴37284
₴19968
-₴37284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
labour market
-
-
-
5 885
pensions
-
-
-
443
national
-
-
-
8 166
municipal
-
-
-
14 940
total
-
-
-
29 434
Employee
103 824
103 824
103 824
-
labour market
8 294
8 294
8 294
-
municipal
22 109
22 109
22 109
-
national
12 684
12 684
12 684
-
pensions
148
148
148
-
total
43 235
43 235
43 235
-
Employer
103 824
103 824
103 824
-
national
12 706
12 706
12 706
-
labour market
8 306
8 306
8 306
-
pensions
295
295
295
-
municipal
22 144
22 144
22 144
-
total
43 451
43 451
43 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
86 686
86 686
86 686
29 434
After tax
-12 686
-12 686
-12 686
44 566
Living cost
24 598
24 598
24 598
24 598
Free-cash
-37 284
-37 284
-37 284
19 968

Estimated living cost  is ₴24598 per week

₴16835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28449
-₴5166
₴39487
₴4283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
19 767
pensions
-
-
-
2 142
total
-
-
-
23 353
Employee
17 555
-
65 624
-
income
2 408
-
14 573
-
pensions
1 977
-
3 928
-
health
2 010
-
7 514
-
total
6 395
-
26 015
-
Employer
17 555
-
65 624
-
unemployment
430
-
1 608
-
accident
293
-
1 096
-
pensions
2 854
-
5 672
-
total
3 577
-
8 376
-
Corporate
52 867
74 000
-
-
income

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

47 581
66 600
-
-
total
47 581
66 600
-
-
Dividends
5 287
7 400
-
-
withholding
1 004
1 406
-
-
total
1 004
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 557
68 006
34 391
23 353
After tax
15 443
5 994
39 609
50 647
Living cost
11 160
11 160
11 160
11 160
Free-cash
4 283
-5 166
28 449
39 487

Estimated living cost  is ₴11160 per week

₴8123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20144
₴27672
₴30291
₴28499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
74 000
health
-
-
-
925
national
-
-
-
9 907
municipal
-
-
-
13 154
total
-
-
-
23 986
Employee
27 028
-
62 253
-
municipal
4 427
-
10 147
-
national
446
-
6 358
-
pensions
1 824
-
4 202
-
health
202
-
744
-
unemployment
406
-
934
-
total
7 305
-
22 385
-
Employer
27 028
-
62 253
-
unemployment
175
-
405
-
health
208
-
480
-
accident
27
-
62
-
pensions
4 689
-
10 801
-
total
5 099
-
11 748
-
Corporate
41 873
74 000
-
-
income
8 374
14 800
-
-
total
8 374
14 800
-
-
Dividends

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

25 124
44 400
-
-
national
478
3 813
-
-
municipal
4 522
7 992
-
-
total
5 000
11 805
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 778
26 605
34 133
23 986
After tax
48 222
47 395
39 867
50 014
Living cost
19 723
19 723
19 723
19 723
Free-cash
28 499
27 672
20 144
30 291

Estimated living cost  is ₴19723 per week

₴12883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38816
₴42144
₴39511
₴39350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 312
health
-
-
-
1 887
income
-
-
-
12 396
total
-
-
-
22 595
Employee
39 502
39 502
68 315
-
social contributions
1 493
3 278
4 422
-
income
4 301
3 657
12 022
-
health
306
672
1 161
-
total
6 100
7 607
17 605
-
Employer
39 502
39 502
68 315
-
health
332
731
1 263
-
social contributions
1 493
3 278
4 422
-
total
1 825
4 009
5 685
-
Corporate
54 179
30 488
-
-
income
6 772
3 811
-
-
total
6 772
3 811
-
-
Dividends
47 407
26 677
-
-
withholding
8 059
4 535
-
-
total
8 059
4 535
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 756
19 962
23 290
22 595
After tax
51 244
54 038
50 710
51 405
Living cost
11 894
11 894
11 894
11 894
Free-cash
39 350
42 144
38 816
39 511

Estimated living cost  is ₴11894 per week

₴7128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43005
₴53123
₴53309
₴50513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
74 000
health
-
-
-
1 859
income
-
-
-
7 393
pensions
-
-
-
3 268
unemployment
-
-
-
15
total
-
-
-
12 535
Employee

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

11 791
-
68 979
-
income
806
-
6 119
-
pensions
1 768
-
7 312
-
health
1 002
-
4 143
-
unemployment
58
-
244
-
total
3 634
-
17 818
-
Employer

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

11 791
-
68 979
-
unemployment
58
-
244
-
health
507
-
2 096
-
pensions
648
-
2 681
-
total
1 213
-
5 021
-
Corporate
60 995
74 000
-
-
income
5 489
6 660
-
-
total
5 489
6 660
-
-
Dividends
55 505
67 340
-
-
withholding
4 995
6 061
-
-
total
4 995
6 061
-
-
Income
74 000
74 000
74 000
74 000
Total tax
15 331
12 721
22 839
12 535
After tax
58 669
61 279
51 161
61 465
Living cost
8 156
8 156
8 156
8 156
Free-cash
50 513
53 123
43 005
53 309

Estimated living cost  is ₴8156 per week

₴5204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25216
₴35398
₴27586
₴32986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
18 002
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
32 287
Employee
18 995
-
58 820
-
income
3 662
-
16 454
-
other
19
-
48
-
pensions
893
-
2 238
-
unemployment
294
-
738
-
total
4 868
-
19 478
-
Employer
18 995
-
58 820
-
other
152
-
381
-
unemployment
1 045
-
2 618
-
accident
376
-
943
-
pensions
4 482
-
11 237
-
total
6 055
-
15 179
-
Corporate
48 949
74 000
-
-
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.

7 343
11 100
-
-
total
7 343
11 100
-
-
Dividends
41 606
62 900
-
-
withholding
8 621
13 375
-
-
total
8 621
13 375
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 887
24 475
34 657
32 287
After tax
47 113
49 525
39 343
41 713
Living cost
14 127
14 127
14 127
14 127
Free-cash
32 986
35 398
25 216
27 586

Estimated living cost  is ₴14127 per week

₴9535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
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.
₴2986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46521
₴45224
₴46590
₴45069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
503
income
-
-
-
25 261
pensions
-
-
-
694
total
-
-
-
26 458
Employee
1 450
-
73 219
-
income
280
-
25 225
-
pensions
130
-
312
-
health
72
-
174
-
unemployment
15
-
35
-
total
497
-
25 746
-
Employer
1 450
-
73 219
-
unemployment
29
-
69
-
health
138
-
330
-
pensions
159
-
382
-
total
326
-
781
-
Corporate
72 224
74 000
-
-
income
15 889
16 280
-
-
total
15 889
16 280
-
-
Dividends
56 335
57 720
-
-
withholding
11 267
11 544
-
-
total
11 267
11 544
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 979
27 824
26 527
26 458
After tax
46 021
46 176
47 473
47 542
Living cost
952
952
952
952
Free-cash
45 069
45 224
46 521
46 590

Estimated living cost  is ₴952 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34459
₴44601
₴34460
₴42081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health
-
-
-
3 901
income
-
-
-
16 359
pensions
-
-
-
9 848
unemployment
-
-
-
568
total
-
-
-
30 676
Employee

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

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

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

13 366
-
67 220
-
income
1 842
-
16 359
-
pensions
1 871
-
5 303
-
health
688
-
1 951
-
unemployment
100
-
284
-
total
4 501
-
23 897
-
Employer

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

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

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

13 366
-
67 220
-
unemployment
100
-
284
-
health
688
-
1 951
-
pensions
1 604
-
4 545
-
total
2 392
-
6 780
-
Corporate
58 242
74 000
-
-
income
8 736
11 100
-
-
total
8 736
11 100
-
-
Dividends
49 506
62 900
-
-
withholding
7 426
9 435
-
-
total
7 426
9 435
-
-
Income
74 000
74 000
74 000
74 000
Total tax
23 055
20 535
30 677
30 676
After tax
50 945
53 465
43 323
43 324
Living cost
8 864
8 864
8 864
8 864
Free-cash
42 081
44 601
34 459
34 460

Estimated living cost  is ₴8864 per week

₴5968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21229
₴28242
₴26348
₴28057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
social contributions

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

-
-
-
25 715
income
-
-
-
8 088
surtax
-
-
-
-
total
-
-
-
33 803
Employee
19 938
-
59 798
-
surtax
-
-
-
-
social contributions
2 193
-
6 577
-
income
3 896
-
18 143
-
total
6 089
-
24 720
-
Employer
19 938
-
59 798
-
social contributions
4 735
-
14 202
-
total
4 735
-
14 202
-
Corporate
49 327
74 000
-
-
surtax
-
-
-
-
income
10 359
15 540
-
-
total
10 359
15 540
-
-
Dividends
38 968
58 460
-
-
withholding
10 911
16 369
-
-
total
10 911
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 094
31 909
38 922
33 803
After tax
41 906
42 091
35 078
40 197
Living cost
13 849
13 849
13 849
13 849
Free-cash
28 057
28 242
21 229
26 348

Estimated living cost  is ₴13849 per week

₴9809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21289
₴31471
₴23659
₴27837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
18 002
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
32 287
Employee
24 810
-
58 820
-
income
5 182
-
16 454
-
other
24
-
48
-
pensions
1 166
-
2 238
-
unemployment
384
-
738
-
total
6 756
-
19 478
-
Employer
24 810
-
58 820
-
other
199
-
381
-
unemployment
1 365
-
2 618
-
accident
491
-
943
-
pensions
5 855
-
11 237
-
total
7 910
-
15 179
-
Corporate
41 280
74 000
-
-
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.

6 192
11 100
-
-
total
6 192
11 100
-
-
Dividends
35 088
62 900
-
-
withholding
7 251
13 375
-
-
total
7 251
13 375
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 109
24 475
34 657
32 287
After tax
45 891
49 525
39 343
41 713
Living cost
18 054
18 054
18 054
18 054
Free-cash
27 837
31 471
21 289
23 659

Estimated living cost  is ₴18054 per week

₴12966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52184
₴54547
₴49447
₴51458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
health
-
-
-
2 037
income
-
-
-
11 100
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
15 830
Employee
11 551
-
70 525
-
income
1 155
-
7 053
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 014
-
1 555
-
health
531
-
815
-
total
2 827
-
9 618
-
Employer
11 551
-
70 525
-
unemployment
69
-
106
-
health
797
-
1 222
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 273
-
1 952
-
total
2 266
-
3 475
-
Corporate
60 183
74 000
-
-
income
6 018
7 400
-
-
total
6 018
7 400
-
-
Dividends
54 164
66 600
-
-
withholding
2 708
3 330
-
-
total
2 708
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 819
10 730
13 093
15 830
After tax
60 181
63 270
60 907
58 170
Living cost
8 723
8 723
8 723
8 723
Free-cash
51 458
54 547
52 184
49 447

Estimated living cost  is ₴8723 per week

₴5769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
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.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴28455
₴18279
₴21263
₴24998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
health

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

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

-
-
-
3 510
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.

-
-
-
21 045
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.

-
-
-
1 157
trade
-
-
-
7 192
total
-
-
-
32 904
Employee

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

25 560
-
74 000
-
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.

116
-
1 157
-
income

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

2 102
-
21 045
-
health

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

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

3 510
-
3 510
-
total
5 728
-
25 712
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 440
74 000
-
-
chamber of commerce
149
186
-
-
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.

400
610
-
-
trade
6 951
10 619
-
-
income
7 266
11 100
-
-
total
14 766
22 515
-
-
Dividends
33 674
51 484
-
-
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.

452
697
-
-
withholding
8 223
12 676
-
-
total
8 675
13 373
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 169
35 888
25 712
32 904
After tax
44 831
38 112
48 288
41 096
Living cost
19 833
19 833
19 833
19 833
Free-cash
24 998
18 279
28 455
21 263

Estimated living cost  is ₴19833 per week

₴13681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11664
₴22537
₴11664
₴23672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
21 109
social contributions
-
-
-
11 964
total
-
-
-
33 073
Employee
40 184
-
74 000
-
income
7 583
-
21 109
-
social contributions
3 338
-
11 964
-
total
10 921
-
33 073
-
Employer
40 184
-
74 000
-
total
-
-
-
-
Corporate
33 816
74 000
-
-
income
4 227
9 250
-
-
total
4 227
9 250
-
-
Dividends
29 589
64 750
-
-
withholding
5 917
12 950
-
-
total
5 917
12 950
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 065
22 200
33 073
33 073
After tax
52 935
51 800
40 927
40 927
Living cost
29 263
29 263
29 263
29 263
Free-cash
23 672
22 537
11 664
11 664

Estimated living cost  is ₴29263 per week

₴22263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34974
₴26738
₴37566
₴28534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
income
-
-
-
14 623
health

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

-
-
-
3 163
total
-
-
-
17 786
Employee
23 566
-
71 637
-
income
2 557
-
15 652
-
social contributions
2 361
-
2 363
-
total
4 918
-
18 015
-
Employer
23 566
-
71 637
-
social contributions
2 361
-
2 363
-
total
2 361
-
2 363
-
Corporate
48 073
74 000
-
-
income
16 825
25 900
-
-
total
16 825
25 900
-
-
Dividends
31 247
48 100
-
-
social contributions
2 714
2 714
-
-
total
2 714
2 714
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 818
28 614
20 378
17 786
After tax
47 182
45 386
53 622
56 214
Living cost
18 648
18 648
18 648
18 648
Free-cash
28 534
26 738
34 974
37 566

Estimated living cost  is ₴18648 per week

₴12283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴4608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24570
₴31232
₴31353
₴33689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
19 496
pensions
-
-
-
4 264
total
-
-
-
23 760
Employee
25 925
-
64 787
-
income
4 721
-
14 973
-
health
338
-
1 000
-
pensions
1 979
-
5 357
-
total
7 038
-
21 330
-
Employer
25 925
-
64 787
-
health
493
-
1 231
-
pensions
2 619
-
7 982
-
total
3 112
-
9 213
-
Corporate
44 963
74 000
-
-
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.

8 543
14 060
-
-
total
8 543
14 060
-
-
Dividends
36 420
59 940
-
-
withholding
2 731
9 821
-
-
total
2 731
9 821
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 424
23 881
30 543
23 760
After tax
52 576
50 119
43 457
50 240
Living cost
18 887
18 887
18 887
18 887
Free-cash
33 689
31 232
24 570
31 353

Estimated living cost  is ₴18887 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27344
-₴6271
₴38382
₴4112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
19 767
pensions
-
-
-
2 142
total
-
-
-
23 353
Employee
19 293
-
65 624
-
income
2 647
-
14 573
-
pensions
2 172
-
3 928
-
health
2 209
-
7 514
-
total
7 028
-
26 015
-
Employer
19 293
-
65 624
-
unemployment
473
-
1 608
-
accident
322
-
1 096
-
pensions
3 137
-
5 672
-
total
3 932
-
8 376
-
Corporate
50 776
74 000
-
-
income

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

45 698
66 600
-
-
total
45 698
66 600
-
-
Dividends
5 077
7 400
-
-
withholding
965
1 406
-
-
total
965
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
57 623
68 006
34 391
23 353
After tax
16 377
5 994
39 609
50 647
Living cost
12 265
12 265
12 265
12 265
Free-cash
4 112
-6 271
27 344
38 382

Estimated living cost  is ₴12265 per week

₴9001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
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.
₴2302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43840
₴55343
₴34768
₴52943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 000
income
-
-
-
11 954
health insurance
-
-
-
5 476
work injury
-
-
-
370
pensions
-
-
-
13 616
unemployment
-
-
-
888
total
-
-
-
32 304
Employee

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

11 085
-
74 000
-
income
1 109
-
11 954
-
work injury
55
-
205
-
health insurance
820
-
3 035
-
pensions
2 040
-
7 546
-
unemployment
133
-
492
-
total
4 157
-
23 232
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 915
74 000
-
-
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%.

629
740
-
-
total
629
740
-
-
Dividends
62 286
73 260
-
-
withholding
9 343
10 989
-
-
total
9 343
10 989
-
-
Income
74 000
74 000
74 000
74 000
Total tax
14 129
11 729
23 232
32 304
After tax
59 871
62 271
50 768
41 696
Living cost
6 928
6 928
6 928
6 928
Free-cash
52 943
55 343
43 840
34 768

Estimated living cost  is ₴6928 per week

₴4292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11636
₴18513
₴14991
₴16177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
19 032
national
-
-
-
17 341
regional
-
-
-
1 677
municipal
-
-
-
494
total
-
-
-
38 544
Employee
43 289
-
74 000
-
social contributions
14 597
-
24 953
-
municipal
258
-
442
-
national
7 315
-
15 050
-
regional
654
-
1 454
-
total
22 824
-
41 899
-
Employer
43 289
-
74 000
-
total
-
-
-
-
Corporate
30 711
74 000
-
-
nationa
7 371
17 760
-
-
municipal
1 480
3 567
-
-
total
8 851
21 327
-
-
Dividends
21 860
52 673
-
-
withholding
5 683
13 695
-
-
total
5 683
13 695
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 358
35 022
41 899
38 544
After tax
36 642
38 978
32 101
35 456
Living cost
20 465
20 465
20 465
20 465
Free-cash
16 177
18 513
11 636
14 991

Estimated living cost  is ₴20465 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1408
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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