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
₴22478
₴33106
₴25045
₴27907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
21 494
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.

-
-
-
1 182
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.

-
-
-
3 353
trade
-
-
-
8 061
total
-
-
-
34 090
Employee

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

18 772
-
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.

29
-
1 182
-
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.

524
-
21 494
-
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.

3 353
-
3 353
-
total
3 906
-
26 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 228
74 000
-
-
income
8 284
11 100
-
-
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.

455
610
-
-
chamber of commerce
154
181
-
-
trade
8 699
11 655
-
-
total
17 592
23 546
-
-
Dividends
37 636
50 454
-
-
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.

508
684
-
-
withholding
9 222
12 427
-
-
total
9 730
13 111
-
-
Income
74 000
74 000
74 000
74 000
Total tax
31 228
36 657
26 029
34 090
After tax
42 772
37 343
47 971
39 910
Living cost
14 865
14 865
14 865
14 865
Free-cash
27 907
22 478
33 106
25 045

Estimated living cost  is ₴14865 per week

₴9351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19889
₴18262
₴17682
₴19452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 984
national
-
-
-
12 372
pensions
-
-
-
8 880
total
-
-
-
30 031
Employee
40 750
-
63 972
-
municipal
5 033
-
8 270
-
pensions
1 630
-
2 559
-
national
7 800
-
12 816
-
total
14 463
-
23 645
-
Employer
40 750
-
63 972
-
pensions
3 260
-
5 118
-
social contributions
438
-
688
-
total
3 698
-
5 806
-
Corporate
26 862
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%.

5 372
14 800
-
-
total
5 372
14 800
-
-
Dividends
21 490
59 200
-
-
withholding
4 728
13 024
-
-
total
4 728
13 024
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 261
27 824
29 451
30 031
After tax
45 739
46 176
44 549
43 969
Living cost
26 287
26 287
26 287
26 287
Free-cash
19 452
19 889
18 262
17 682

Estimated living cost  is ₴26287 per week

₴17867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48990
₴34802
₴13980
₴44964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 136
surtax
-
-
-
18 870
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.

-
-
-
18 804
microenterprise
-
-
-
-
total
-
-
-
49 810
Employee
14 341
-
53 179
-
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.

1 578
-
5 850
-
income
2 553
-
10 327
-
total
4 131
-
16 177
-
Employer
14 341
-
53 179
-
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.

3 454
-
12 811
-
surtax
-
-
-
-
total
3 454
-
12 811
-
Corporate
56 205
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%.

11 241
14 800
-
-
total
11 241
14 800
-
-
Dividends

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

44 964
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
18 826
14 800
28 988
49 810
After tax
55 174
59 200
45 012
24 190
Living cost
10 210
10 210
10 210
10 210
Free-cash
44 964
48 990
34 802
13 980

Estimated living cost  is ₴10210 per week

₴6514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴15891
₴24322
₴21161
₴12884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 477
health
-
-
-
6 052
pensions
-
-
-
5 750
total
-
-
-
32 279
Employee
41 911
41 911
64 879
-
pensions
7 544
5 750
5 750
-
income

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

6 860
6 860
8 195
-
health
6 433
5 472
6 052
-
total
20 837
18 082
19 997
-
Employer
41 911
41 911
64 879
-
health
2 913
2 913
3 620
-
pensions
2 917
2 917
3 626
-
unemployment
1 509
1 509
1 875
-
total
7 339
7 339
9 121
-
Corporate
25 264
24 750
-
-
income
5 053
4 950
-
-
total
5 053
4 950
-
-
Dividends
20 212
19 800
-
-
income
4 295
4 208
-
-
withholding
3 032
2 970
-
-
total
7 327
7 178
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 556
37 549
29 118
32 279
After tax
33 444
36 451
44 882
41 721
Living cost
20 560
20 560
20 560
20 560
Free-cash
12 884
15 891
24 322
21 161

Estimated living cost  is ₴20560 per week

₴14570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1853
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.
₴3809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20209
₴18249
₴18739
₴19754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
88
other
-
-
-
5 143
unemployment
-
-
-
44
health
-
-
-
2 762
municipal
-
-
-
18 243
national
-
-
-
4 001
pensions
-
-
-
4 785
total
-
-
-
35 066
Employee
28 776
-
60 094
-
municipal
8 581
-
17 920
-
national
-
-
3 730
-
total
8 581
-
21 650
-
Employer
28 776
-
60 094
-
health
1 770
-
2 722
-
pensions
3 111
-
4 785
-
accident
58
-
88
-
unemployment
760
-
1 168
-
other
3 344
-
5 143
-
total
9 043
-
13 906
-
Corporate
36 183
74 000
-
-
income
7 960
16 280
-
-
total
7 960
16 280
-
-
Dividends
28 223
57 720
-
-
withholding
8 467
17 316
-
-
total
8 467
17 316
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 051
33 596
35 556
35 066
After tax
39 949
40 404
38 444
38 934
Living cost
20 195
20 195
20 195
20 195
Free-cash
19 754
20 209
18 249
18 739

Estimated living cost  is ₴20195 per week

₴13384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17683
₴28691
₴20272
₴24579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
21 494
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.

-
-
-
1 182
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.

-
-
-
3 353
trade
-
-
-
8 419
total
-
-
-
34 448
Employee

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

24 889
-
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.

117
-
1 182
-
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.

2 138
-
21 494
-
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.

3 353
-
3 353
-
total
5 608
-
26 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 111
74 000
-
-
income
7 367
11 100
-
-
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.

405
610
-
-
chamber of commerce
144
180
-
-
trade
8 079
12 173
-
-
total
15 995
24 063
-
-
Dividends
33 116
49 938
-
-
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.

445
676
-
-
withholding
8 093
12 298
-
-
total
8 538
12 974
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 141
37 037
26 029
34 448
After tax
43 859
36 963
47 971
39 552
Living cost
19 280
19 280
19 280
19 280
Free-cash
24 579
17 683
28 691
20 272

Estimated living cost  is ₴19280 per week

₴12895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2033
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.
₴4064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38104
₴34598
₴35283
₴36071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 970
social contributions
-
-
-
7 941
health
-
-
-
1 887
total
-
-
-
22 798
Employee
37 739
37 739
68 508
-
social contributions
1 834
3 132
4 225
-
income
3 963
3 494
12 601
-
health
375
642
1 164
-
total
6 172
7 268
17 990
-
Employer
37 739
37 739
68 508
-
health
409
699
1 268
-
social contributions
1 834
3 132
4 225
-
total
2 243
3 831
5 493
-
Corporate
49 667
32 430
-
-
income
6 208
4 054
-
-
total
6 208
4 054
-
-
Dividends
43 458
28 376
-
-
withholding
7 387
4 824
-
-
total
7 387
4 824
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 010
19 977
23 483
22 798
After tax
51 990
54 023
50 517
51 202
Living cost
15 919
15 919
15 919
15 919
Free-cash
36 071
38 104
34 598
35 283

Estimated living cost  is ₴15919 per week

₴10882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1243
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.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32574
₴33877
₴42242
₴32764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 046
unemployment
-
-
-
1 110
health
-
-
-
5 180
pensions
-
-
-
7 400
total
-
-
-
22 736
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.

13 024
5 183
61 925
-
unemployment
195
78
929
-
pensions
1 302
518
6 192
-
income
1 592
634
7 570
-
health
912
363
4 335
-
total
4 001
1 593
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.

13 024
5 183
61 925
-
pensions
2 540
1 011
12 075
-
total
2 540
1 011
12 075
-
Corporate
58 437
67 806
-
-
income
5 259
6 103
-
-
total
5 259
6 103
-
-
Dividends
53 178
61 704
-
-
social contributions
10 310
11 973
-
-
withholding
10 104
11 724
-
-
total
20 414
23 697
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 214
32 404
31 101
22 736
After tax
41 786
41 596
42 899
51 264
Living cost
9 022
9 022
9 022
9 022
Free-cash
32 764
32 574
33 877
42 242

Estimated living cost  is ₴9022 per week

₴6157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1947
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47346
₴30799
₴27810
₴44297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 916
health
-
-
-
9 620
pensions
-
-
-
14 800
total
-
-
-
34 336
Employee
13 923
-
55 307
-
unemployment
223
-
885
-
pensions
278
-
1 106
-
income
1 567
-
10 663
-
total
2 068
-
12 654
-
Employer
13 923
-
55 307
-
health
1 810
-
7 190
-
pensions
2 785
-
11 061
-
unemployment
112
-
442
-
total
4 707
-
18 693
-
Corporate
55 371
74 000
-
-
income
11 074
14 800
-
-
total
11 074
14 800
-
-
Dividends
44 297
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
17 849
14 800
31 347
34 336
After tax
56 151
59 200
42 653
39 664
Living cost
11 854
11 854
11 854
11 854
Free-cash
44 297
47 346
30 799
27 810

Estimated living cost  is ₴11854 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4971
₴28746
₴39671
₴4311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 892
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
23 364
Employee
17 248
-
65 798
-
pensions
1 942
-
3 802
-
income
2 366
-
14 751
-
health
1 975
-
7 534
-
total
6 283
-
26 087
-
Employer
17 248
-
65 798
-
pensions
2 805
-
5 491
-
accident
288
-
1 099
-
unemployment
423
-
1 612
-
total
3 516
-
8 202
-
Corporate
53 237
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.

47 913
66 600
-
-
total
47 913
66 600
-
-
Dividends
5 324
7 400
-
-
withholding
1 012
1 406
-
-
total
1 012
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 724
68 006
34 289
23 364
After tax
15 276
5 994
39 711
50 636
Living cost
10 965
10 965
10 965
10 965
Free-cash
4 311
-4 971
28 746
39 671

Estimated living cost  is ₴10965 per week

₴8036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66262
₴55162
₴69222
₴65505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 047
-
74 000
-
income
1 009
-
14 800
-
total
1 009
-
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%.

68 953
74 000
-
-
total
-
-
-
-
Dividends
68 953
74 000
-
-
withholding
3 448
3 700
-
-
total
3 448
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 457
3 700
14 800
740
After tax
69 543
70 300
59 200
73 260
Living cost
4 038
4 038
4 038
4 038
Free-cash
65 505
66 262
55 162
69 222

Estimated living cost  is ₴4038 per week

₴2503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41291
₴29164
₴26101
₴37976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 291
other
-
-
-
3 515
health
-
-
-
3 256
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.

-
-
-
17 760
total
-
-
-
34 822
Employee
17 820
-
59 105
-
unemployment
178
-
591
-
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.

1 247
-
4 137
-
income
3 068
-
11 310
-
health
250
-
827
-
total
4 743
-
16 865
-
Employer
17 820
-
59 105
-
health
250
-
827
-
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.

3 030
-
10 048
-
accident
142
-
473
-
unemployment
178
-
591
-
other
891
-
2 955
-
total
4 491
-
14 894
-
Corporate
51 689
74 000
-
-
income
10 855
15 540
-
-
total
10 855
15 540
-
-
Dividends
40 834
58 460
-
-
withholding
2 858
4 092
-
-
total
2 858
4 092
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 947
19 632
31 759
34 822
After tax
51 053
54 368
42 241
39 178
Living cost
13 077
13 077
13 077
13 077
Free-cash
37 976
41 291
29 164
26 101

Estimated living cost  is ₴13077 per week

₴9240
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.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17122
₴10602
₴17365
₴16155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 891
pensions
-
-
-
4 148
total
-
-
-
24 039
Employee
46 118
-
64 753
-
pensions
4 449
-
5 189
-
income
8 313
-
15 382
-
health
760
-
984
-
total
13 522
-
21 555
-
Employer
46 118
-
64 753
-
health
876
-
1 230
-
pensions
5 445
-
8 017
-
total
6 321
-
9 247
-
Corporate
21 560
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.

4 096
14 060
-
-
total
4 096
14 060
-
-
Dividends
17 464
59 940
-
-
withholding
1 310
10 222
-
-
total
1 310
10 222
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 249
24 282
30 802
24 039
After tax
48 751
49 718
43 198
49 961
Living cost
32 596
32 596
32 596
32 596
Free-cash
16 155
17 122
10 602
17 365

Estimated living cost  is ₴32596 per week

₴24425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56833
₴54651
₴51884
₴54554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 100
unemployment
-
-
-
69
health
-
-
-
1 972
pensions

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

-
-
-
2 538
total
-
-
-
15 679
Employee
8 523
-
70 636
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

748
-
1 506
-
income
852
-
7 063
-
health
392
-
789
-
total
2 086
-
9 547
-
Employer
8 523
-
70 636
-
health
588
-
1 183
-
pensions

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

939
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 672
-
3 365
-
Corporate
63 804
74 000
-
-
income
6 380
7 400
-
-
total
6 380
7 400
-
-
Dividends
57 424
66 600
-
-
withholding
2 871
3 330
-
-
total
2 871
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 009
10 730
12 912
15 679
After tax
60 991
63 270
61 088
58 321
Living cost
6 437
6 437
6 437
6 437
Free-cash
54 554
56 833
54 651
51 884

Estimated living cost  is ₴6437 per week

₴3758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9236
₴17667
₴14506
₴10471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 477
health
-
-
-
6 052
pensions
-
-
-
5 750
total
-
-
-
32 279
Employee
45 502
41 911
64 879
-
pensions
5 750
5 750
5 750
-
income

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

6 860
6 860
8 195
-
health
5 677
5 472
6 052
-
total
18 287
18 082
19 997
-
Employer
45 502
41 911
64 879
-
health
3 162
2 913
3 620
-
pensions
3 167
2 917
3 626
-
unemployment
1 638
1 509
1 875
-
total
7 967
7 339
9 121
-
Corporate
20 531
24 750
-
-
income
4 106
4 950
-
-
total
4 106
4 950
-
-
Dividends
16 425
19 800
-
-
income
3 491
4 208
-
-
withholding
2 463
2 970
-
-
total
5 954
7 178
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 314
37 549
29 118
32 279
After tax
37 686
36 451
44 882
41 721
Living cost
27 215
27 215
27 215
27 215
Free-cash
10 471
9 236
17 667
14 506

Estimated living cost  is ₴27215 per week

₴20075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38744
₴25347
₴27275
₴34390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 967
social contributions
-
-
-
17 563
solidarity contribution
-
-
-
-
health
-
-
-
9 990
total
-
-
-
34 520
Employee
17 949
-
55 224
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 590
-
income
2 154
-
6 627
-
health
2 423
-
7 455
-
total
5 744
-
17 672
-
Employer
17 949
-
55 224
-
health
1 615
-
4 970
-
social contributions
4 487
-
13 806
-
total
6 102
-
18 776
-
Corporate
49 949
74 000
-
-
income
9 490
14 060
-
-
total
9 490
14 060
-
-
Dividends
40 458
59 940
-
-
withholding
6 069
8 991
-
-
total
6 069
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 405
23 051
36 448
34 520
After tax
46 595
50 949
37 552
39 480
Living cost
12 205
12 205
12 205
12 205
Free-cash
34 390
38 744
25 347
27 275

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18773
₴11977
₴15385
₴16210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 033
regional
-
-
-
861
municipal
-
-
-
440
national
-
-
-
17 572
total
-
-
-
37 906
Employee
43 618
-
74 000
-
municipal
231
-
392
-
national
7 558
-
15 211
-
regional
412
-
758
-
social contributions
14 708
-
24 953
-
total
22 909
-
41 314
-
Employer
43 618
-
74 000
-
total
-
-
-
-
Corporate
30 382
74 000
-
-
municipal
1 185
2 886
-
-
nationa
7 292
17 760
-
-
total
8 477
20 646
-
-
Dividends
21 906
53 354
-
-
withholding
5 695
13 872
-
-
total
5 695
13 872
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 081
34 518
41 314
37 906
After tax
36 919
39 482
32 686
36 094
Living cost
20 709
20 709
20 709
20 709
Free-cash
16 210
18 773
11 977
15 385

Estimated living cost  is ₴20709 per week

₴14436
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.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35716
₴21963
₴24286
₴34189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 370
other
-
-
-
-
surtax
-
-
-
2 652
unemployment
-
-
-
112
health
-
-
-
4 650
pensions
-
-
-
13 100
total
-
-
-
38 884
Employee
16 230
-
61 131
-
other
-
-
-
-
unemployment
1 130
-
4 254
-
pensions
1 082
-
4 077
-
surtax
53
-
2 284
-
income
2 720
-
16 166
-
health
414
-
1 559
-
total
5 399
-
28 340
-
Employer
16 230
-
61 131
-
health
739
-
2 781
-
pensions
2 164
-
8 148
-
unemployment
514
-
1 938
-
other
-
-
-
-
total
3 417
-
12 867
-
Corporate
54 354
74 000
-
-
income
14 132
19 240
-
-
total
14 132
19 240
-
-
Dividends
40 222
54 760
-
-
withholding
6 033
8 214
-
-
total
6 033
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 981
27 454
41 207
38 884
After tax
45 019
46 546
32 793
35 116
Living cost
10 830
10 830
10 830
10 830
Free-cash
34 189
35 716
21 963
24 286

Estimated living cost  is ₴10830 per week

₴6622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴999
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.
₴2959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27449
₴20929
₴27692
₴29339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 891
pensions
-
-
-
4 148
total
-
-
-
24 039
Employee
30 907
-
64 753
-
pensions
2 623
-
5 189
-
income
5 567
-
15 382
-
health
449
-
984
-
total
8 639
-
21 555
-
Employer
30 907
-
64 753
-
health
587
-
1 230
-
pensions
3 346
-
8 017
-
total
3 933
-
9 247
-
Corporate
39 160
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.

7 441
14 060
-
-
total
7 441
14 060
-
-
Dividends
31 719
59 940
-
-
withholding
2 379
10 222
-
-
total
2 379
10 222
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 392
24 282
30 802
24 039
After tax
51 608
49 718
43 198
49 961
Living cost
22 269
22 269
22 269
22 269
Free-cash
29 339
27 449
20 929
27 692

Estimated living cost  is ₴22269 per week

₴16684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5415
₴17782
₴21379
₴11381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 253
health
-
-
-
166
city
-
-
-
780
national
-
-
-
881
pensions
-
-
-
6 808
total
-
-
-
13 368
Employee
45 936
-
66 234
-
unemployment
-
-
-
-
pensions
3 859
-
5 563
-
national
217
-
710
-
regional
1 504
-
2 794
-
city
493
-
712
-
health
104
-
149
-
total
6 177
-
9 928
-
Employer
45 936
-
66 234
-
health
104
-
149
-
pensions
3 859
-
5 563
-
unemployment
-
-
-
-
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.

918
-
1 325
-
total
4 881
-
7 037
-
Corporate
22 677
74 000
-
-
regional
4 796
15 651
-
-
national
1 928
6 290
-
-
total
6 724
21 941
-
-
Dividends
15 954
52 059
-
-
withholding
5 584
18 221
-
-
total
5 584
18 221
-
-
Income
74 000
74 000
74 000
74 000
Total tax
23 366
40 162
16 965
13 368
After tax
50 634
33 838
57 035
60 632
Living cost
39 253
39 253
39 253
39 253
Free-cash
11 381
-5 415
17 782
21 379

Estimated living cost  is ₴39253 per week

₴25526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14098
₴25488
₴16710
₴22058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
21 494
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.

-
-
-
1 182
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.

-
-
-
3 353
trade
-
-
-
8 778
total
-
-
-
34 807
Employee

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

29 495
-
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.

191
-
1 182
-
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.

3 468
-
21 494
-
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.

3 353
-
3 353
-
total
7 012
-
26 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 505
74 000
-
-
income
6 676
11 100
-
-
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.

367
610
-
-
chamber of commerce
137
179
-
-
trade
7 632
12 691
-
-
total
14 812
24 580
-
-
Dividends
29 693
49 421
-
-
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.

398
670
-
-
withholding
7 237
12 169
-
-
total
7 635
12 839
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 459
37 419
26 029
34 807
After tax
44 541
36 581
47 971
39 193
Living cost
22 483
22 483
22 483
22 483
Free-cash
22 058
14 098
25 488
16 710

Estimated living cost  is ₴22483 per week

₴16421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1798
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.
₴3972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20504
₴25266
₴25112
₴23403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 572
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 109
health
-
-
-
2 740
pensions
-
-
-
14 382
total
-
-
-
32 097
Employee
21 005
-
58 036
-
pensions
2 375
-
3 718
-
surtax
-
-
-
-
social contributions
599
-
1 653
-
income
1 240
-
10 606
-
total
4 214
-
15 977
-
Employer
21 005
-
58 036
-
health
1 471
-
4 995
-
pensions
3 451
-
6 317
-
unemployment
850
-
2 351
-
social contributions
63
-
174
-
other
725
-
2 129
-
total
6 560
-
15 966
-
Corporate
46 436
74 000
-
-
income
13 002
20 720
-
-
surtax
-
-
-
-
total
13 002
20 720
-
-
Dividends
33 434
53 280
-
-
surtax
-
-
-
-
social contributions
5 750
9 165
-
-
withholding
4 280
6 820
-
-
total
10 030
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 806
36 705
31 943
32 097
After tax
40 194
37 295
42 057
41 903
Living cost
16 791
16 791
16 791
16 791
Free-cash
23 403
20 504
25 266
25 112

Estimated living cost  is ₴16791 per week

₴10588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
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.
₴4553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22167
₴26929
₴26775
₴24894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 572
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 109
health
-
-
-
2 740
pensions
-
-
-
14 382
total
-
-
-
32 097
Employee
18 750
-
58 036
-
pensions
2 121
-
3 718
-
surtax
-
-
-
-
social contributions
535
-
1 653
-
income
967
-
10 606
-
total
3 623
-
15 977
-
Employer
18 750
-
58 036
-
health
1 312
-
4 995
-
pensions
3 081
-
6 317
-
unemployment
759
-
2 351
-
social contributions
56
-
174
-
other
647
-
2 129
-
total
5 855
-
15 966
-
Corporate
49 395
74 000
-
-
income
13 831
20 720
-
-
surtax
-
-
-
-
total
13 831
20 720
-
-
Dividends
35 564
53 280
-
-
surtax
-
-
-
-
social contributions
6 117
9 165
-
-
withholding
4 552
6 820
-
-
total
10 669
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 978
36 705
31 943
32 097
After tax
40 022
37 295
42 057
41 903
Living cost
15 128
15 128
15 128
15 128
Free-cash
24 894
22 167
26 929
26 775

Estimated living cost  is ₴15128 per week

₴8773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34740
₴35956
₴37116
₴34994
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 100
social contributions
-
-
-
10 212
health
-
-
-
5 165
total
-
-
-
26 477
Employee
16 640
-
74 000
-
social contributions
2 297
-
10 212
-
income
2 775
-
12 260
-
health
1 161
-
5 165
-
total
6 233
-
27 637
-
Employer
16 640
-
74 000
-
total
-
-
-
-
Corporate
57 360
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%.

2 868
3 700
-
-
total
2 868
3 700
-
-
Dividends
54 492
70 300
-
-
social contributions
7 520
9 701
-
-
withholding
8 174
10 545
-
-
health
3 804
4 907
-
-
total
19 498
25 153
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 599
28 853
27 637
26 477
After tax
45 401
45 147
46 363
47 523
Living cost
10 407
10 407
10 407
10 407
Free-cash
34 994
34 740
35 956
37 116

Estimated living cost  is ₴10407 per week

₴6965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23770
₴1960
₴20653
₴23009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 658
surtax
-
-
-
97
unemployment
-
-
-
3 010
chamber of commerce
-
-
-
296
health
-
-
-
4 386
pensions
-
-
-
10 607
total
-
-
-
36 054
Employee
24 527
19 558
57 397
-
other
245
196
574
-
unemployment
736
587
1 720
-
pensions
2 512
2 002
5 871
-
income
2 792
1 443
13 878
-
health
949
757
2 218
-
total
7 234
4 985
24 261
-
Employer
24 527
19 558
57 397
-
chamber of commerce
98
78
230
-
health
927
739
2 167
-
pensions
3 078
2 455
7 196
-
accident
319
254
745
-
unemployment
736
587
1 720
-
surtax
97
97
97
-
payroll
736
587
1 722
-
other
1 165
929
2 725
-
total
7 156
5 726
16 602
-
Corporate
42 318
48 716
55 535
-
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.

10 579
12 179
13 884
-
total
10 579
12 179
13 884
-
Dividends
31 739
36 536
-
-
withholding
8 729
10 047
-
-
total
8 729
10 047
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 698
32 937
54 747
36 054
After tax
40 302
41 063
19 253
37 946
Living cost
17 293
17 293
17 293
17 293
Free-cash
23 009
23 770
1 960
20 653

Estimated living cost  is ₴17293 per week

₴11534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23516
₴8856
₴14406
₴16157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
3 747
social contributions
-
-
-
11 556
national
-
-
-
26 396
total
-
-
-
41 699
Employee

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

35 106
-
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.

305
-
498
-
communal

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

1 831
-
2 990
-
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.

2 633
-
4 298
-
national
10 793
-
20 087
-
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.

1 649
-
2 694
-
total
17 211
-
30 567
-
Employer

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

35 106
-
57 315
-
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.

2 159
-
3 524
-
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.

3 111
-
5 078
-
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.

456
-
745
-
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.

512
-
836
-
surtax
3 981
-
6 499
-
total
10 219
-
16 682
-
Corporate
28 675
74 000
-
-
income
5 735
14 800
-
-
surtax
115
296
-
-
total
5 850
15 096
-
-
Dividends
22 825
58 904
-
-
withholding

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

6 668
17 493
-
-
total
6 668
17 493
-
-
Income
74 000
74 000
74 000
74 000
Total tax
39 948
32 589
47 249
41 699
After tax
34 052
41 411
26 751
32 301
Living cost
17 895
17 895
17 895
17 895
Free-cash
16 157
23 516
8 856
14 406

Estimated living cost  is ₴17895 per week

₴11526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
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.
₴4524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31752
₴21884
₴23943
₴28169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
18 685
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 873
total
-
-
-
32 333
Employee
24 430
-
59 498
-
other
24
-
46
-
unemployment
379
-
705
-
pensions
1 148
-
2 138
-
income
5 155
-
17 000
-
total
6 706
-
19 889
-
Employer
24 430
-
59 498
-
pensions
5 765
-
10 736
-
accident
483
-
901
-
unemployment
1 344
-
2 502
-
other
195
-
364
-
total
7 787
-
14 503
-
Corporate
41 783
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.

6 267
11 100
-
-
total
6 267
11 100
-
-
Dividends
35 516
62 900
-
-
withholding
7 347
13 424
-
-
total
7 347
13 424
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 107
24 524
34 392
32 333
After tax
45 893
49 476
39 608
41 667
Living cost
17 724
17 724
17 724
17 724
Free-cash
28 169
31 752
21 884
23 943

Estimated living cost  is ₴17724 per week

₴13052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17315
₴14260
₴11309
₴11679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
4 677
accident
-
-
-
624
income
-
-
-
10 760
surtax
-
-
-
3 669
health
-
-
-
5 199
pensions
-
-
-
11 091
total
-
-
-
36 020
Employee
37 167
-
66 101
-
pensions
2 973
-
5 288
-
surtax
2 278
-
4 051
-
income
3 590
-
12 891
-
health
1 654
-
2 941
-
total
10 495
-
25 171
-
Employer
37 167
-
66 101
-
health
1 133
-
2 015
-
pensions
2 973
-
5 288
-
accident
334
-
595
-
total
4 440
-
7 898
-
Corporate
32 393
74 000
-
-
communal
2 187
4 995
-
-
income
4 859
11 100
-
-
surtax
340
777
-
-
total
7 386
16 872
-
-
Dividends
25 007
57 129
-
-
income
9 578
4 573
-
-
withholding
3 751
8 569
-
-
total
13 329
13 142
-
-
Income
74 000
74 000
74 000
74 000
Total tax
35 650
30 014
33 069
36 020
After tax
38 350
43 986
40 931
37 980
Living cost
26 671
26 671
26 671
26 671
Free-cash
11 679
17 315
14 260
11 309

Estimated living cost  is ₴26671 per week

₴20007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35522
₴21769
₴24092
₴33960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 370
other
-
-
-
-
surtax
-
-
-
2 652
unemployment
-
-
-
112
health
-
-
-
4 650
pensions
-
-
-
13 100
total
-
-
-
38 884
Employee
16 528
-
61 131
-
other
-
-
-
-
unemployment
1 150
-
4 254
-
pensions
1 103
-
4 077
-
surtax
59
-
2 284
-
income
2 771
-
16 166
-
health
422
-
1 559
-
total
5 505
-
28 340
-
Employer
16 528
-
61 131
-
health
752
-
2 781
-
pensions
2 204
-
8 148
-
unemployment
524
-
1 938
-
other
-
-
-
-
total
3 480
-
12 867
-
Corporate
53 993
74 000
-
-
income
14 038
19 240
-
-
total
14 038
19 240
-
-
Dividends
39 954
54 760
-
-
withholding
5 993
8 214
-
-
total
5 993
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 016
27 454
41 207
38 884
After tax
44 984
46 546
32 793
35 116
Living cost
11 024
11 024
11 024
11 024
Free-cash
33 960
35 522
21 769
24 092

Estimated living cost  is ₴11024 per week

₴6655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴958
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.
₴3154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25675
₴19227
₴22618
₴24586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 033
regional
-
-
-
1 116
municipal
-
-
-
440
national
-
-
-
17 572
total
-
-
-
38 161
Employee
27 224
-
74 000
-
municipal
144
-
392
-
national
4 313
-
15 211
-
regional
366
-
996
-
social contributions
9 180
-
24 953
-
total
14 003
-
41 552
-
Employer
27 224
-
74 000
-
total
-
-
-
-
Corporate
46 776
74 000
-
-
municipal
2 325
3 678
-
-
nationa
11 227
17 760
-
-
total
13 552
21 438
-
-
Dividends
33 224
52 562
-
-
withholding
8 638
13 666
-
-
total
8 638
13 666
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 193
35 104
41 552
38 161
After tax
37 807
38 896
32 448
35 839
Living cost
13 221
13 221
13 221
13 221
Free-cash
24 586
25 675
19 227
22 618

Estimated living cost  is ₴13221 per week

₴8222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35909
₴22512
₴24440
₴30543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 967
social contributions
-
-
-
17 563
solidarity contribution
-
-
-
-
health
-
-
-
9 990
total
-
-
-
34 520
Employee
22 118
-
55 224
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 590
-
income
2 654
-
6 627
-
health
2 986
-
7 455
-
total
7 078
-
17 672
-
Employer
22 118
-
55 224
-
health
1 991
-
4 970
-
social contributions
5 529
-
13 806
-
total
7 520
-
18 776
-
Corporate
44 363
74 000
-
-
income
8 429
14 060
-
-
total
8 429
14 060
-
-
Dividends
35 934
59 940
-
-
withholding
5 390
8 991
-
-
total
5 390
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 417
23 051
36 448
34 520
After tax
45 583
50 949
37 552
39 480
Living cost
15 040
15 040
15 040
15 040
Free-cash
30 543
35 909
22 512
24 440

Estimated living cost  is ₴15040 per week

₴11185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25457
₴3625
₴22385
₴25214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 658
surtax
-
-
-
-
unemployment
-
-
-
3 010
chamber of commerce
-
-
-
296
health
-
-
-
4 386
pensions
-
-
-
10 607
total
-
-
-
35 957
Employee
21 454
19 558
57 488
-
other
214
196
574
-
unemployment
644
587
1 720
-
pensions
2 197
2 002
5 871
-
income
1 911
1 443
13 916
-
health
830
757
2 218
-
total
5 796
4 985
24 299
-
Employer
21 454
19 558
57 488
-
chamber of commerce
86
78
230
-
health
811
739
2 167
-
pensions
2 693
2 455
7 196
-
accident
278
254
745
-
unemployment
644
587
1 720
-
surtax
-
-
-
-
payroll
644
587
1 725
-
other
1 019
929
2 729
-
total
6 175
5 629
16 512
-
Corporate
46 372
48 812
55 625
-
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.

11 593
12 204
13 906
-
total
11 593
12 204
13 906
-
Dividends
34 779
36 609
-
-
withholding
9 564
10 067
-
-
total
9 564
10 067
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 128
32 885
54 717
35 957
After tax
40 872
41 115
19 283
38 043
Living cost
15 658
15 658
15 658
15 658
Free-cash
25 214
25 457
3 625
22 385

Estimated living cost  is ₴15658 per week

₴9393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64007
₴52907
₴66967
₴62827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 866
-
74 000
-
income
1 573
-
14 800
-
total
1 573
-
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%.

66 134
74 000
-
-
total
-
-
-
-
Dividends
66 134
74 000
-
-
withholding
3 307
3 700
-
-
total
3 307
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 880
3 700
14 800
740
After tax
69 120
70 300
59 200
73 260
Living cost
6 293
6 293
6 293
6 293
Free-cash
62 827
64 007
52 907
66 967

Estimated living cost  is ₴6293 per week

₴4258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37785
₴21650
₴23610
₴33679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 320
unemployment
-
-
-
111
health
-
-
-
7 281
pensions
-
-
-
13 514
total
-
-
-
37 226
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.

21 703
-
64 031
-
unemployment
31
-
89
-
pensions
3 364
-
9 925
-
income
3 743
-
15 066
-
health
1 402
-
4 137
-
total
8 540
-
29 217
-
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.

21 703
-
64 031
-
health
1 445
-
4 265
-
pensions
1 920
-
5 666
-
unemployment
13
-
38
-
total
3 378
-
9 969
-
Corporate
48 918
74 000
-
-
income
9 295
14 060
-
-
total
9 295
14 060
-
-
Dividends
39 624
59 940
-
-
withholding
5 944
8 991
-
-
total
5 944
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 157
23 051
39 186
37 226
After tax
46 843
50 949
34 814
36 774
Living cost
13 164
13 164
13 164
13 164
Free-cash
33 679
37 785
21 650
23 610

Estimated living cost  is ₴13164 per week

₴9034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23691
₴46166
₴29809
₴176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 424
social contributions
-
-
-
8 436
total
-
-
-
22 860
Employee
30 585
-
-
-
social contributions
2 508
-
357
-
income
6 746
-
-
-
total
9 254
-
357
-
Employer
30 585
-
-
-
social contributions
43 125
-
6 146
-
total
43 125
-
6 146
-
Corporate
290
74 000
-
-
income
64
16 280
-
-
total
64
16 280
-
-
Dividends
226
57 720
-
-
income
50
12 698
-
-
total
50
12 698
-
-
Income
74 000
74 000
74 000
74 000
Total tax
52 493
28 978
6 503
22 860
After tax
21 507
45 022
67 497
51 140
Living cost
21 331
21 331
21 331
21 331
Free-cash
176
23 691
46 166
29 809

Estimated living cost  is ₴21331 per week

₴13840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2006
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26697
₴19425
₴24672
₴26203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 219
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
33 934
Employee
22 572
-
59 798
-
surtax
-
-
-
-
social contributions
2 483
-
6 578
-
income
4 695
-
18 401
-
total
7 178
-
24 979
-
Employer
22 572
-
59 798
-
social contributions
5 361
-
14 202
-
total
5 361
-
14 202
-
Corporate
46 067
74 000
-
-
income
9 674
15 540
-
-
surtax
-
-
-
-
total
9 674
15 540
-
-
Dividends
36 393
58 460
-
-
withholding
10 190
16 369
-
-
total
10 190
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 403
31 909
39 181
33 934
After tax
41 597
42 091
34 819
40 066
Living cost
15 394
15 394
15 394
15 394
Free-cash
26 203
26 697
19 425
24 672

Estimated living cost  is ₴15394 per week

₴11518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13591
₴18353
₴18199
₴16966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 572
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 109
health
-
-
-
2 740
pensions
-
-
-
14 382
total
-
-
-
32 097
Employee
30 739
-
58 036
-
pensions
3 477
-
3 718
-
surtax
-
-
-
-
social contributions
875
-
1 653
-
income
2 682
-
10 606
-
total
7 034
-
15 977
-
Employer
30 739
-
58 036
-
health
2 151
-
4 995
-
pensions
5 051
-
6 317
-
unemployment
1 245
-
2 351
-
social contributions
92
-
174
-
other
1 061
-
2 129
-
total
9 600
-
15 966
-
Corporate
33 661
74 000
-
-
income
9 425
20 720
-
-
surtax
-
-
-
-
total
9 425
20 720
-
-
Dividends
24 236
53 280
-
-
surtax
-
-
-
-
social contributions
4 169
9 165
-
-
withholding
3 102
6 820
-
-
total
7 271
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 330
36 705
31 943
32 097
After tax
40 670
37 295
42 057
41 903
Living cost
23 704
23 704
23 704
23 704
Free-cash
16 966
13 591
18 353
18 199

Estimated living cost  is ₴23704 per week

₴16043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51847
₴42142
₴40176
₴50198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 791
social contributions
-
-
-
16 280
total
-
-
-
19 071
Employee
15 778
-
64 070
-
income
-
-
3 010
-
social contributions
1 025
-
4 165
-
total
1 025
-
7 175
-
Employer
15 778
-
64 070
-
social contributions
2 446
-
9 930
-
total
2 446
-
9 930
-
Corporate
55 776
74 000
-
-
income
5 578
7 400
-
-
total
5 578
7 400
-
-
Dividends
50 198
66 600
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
9 049
7 400
17 105
19 071
After tax
64 951
66 600
56 895
54 929
Living cost
14 753
14 753
14 753
14 753
Free-cash
50 198
51 847
42 142
40 176

Estimated living cost  is ₴14753 per week

₴9539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32826
-₴32826
₴20745
-₴32826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 886
municipal
-
-
-
15 047
national
-
-
-
8 284
pensions
-
-
-
425
total
-
-
-
29 642
Employee
99 666
99 666
99 666
-
municipal
21 223
21 223
21 223
-
labour market
7 962
7 962
7 962
-
pensions
142
142
142
-
national
12 176
12 176
12 176
-
total
41 503
41 503
41 503
-
Employer
99 666
99 666
99 666
-
national
12 197
12 197
12 197
-
labour market
7 973
7 973
7 973
-
pensions
283
283
283
-
municipal
21 257
21 257
21 257
-
total
41 710
41 710
41 710
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
83 213
83 213
83 213
29 642
After tax
-9 213
-9 213
-9 213
44 358
Living cost
23 613
23 613
23 613
23 613
Free-cash
-32 826
-32 826
-32 826
20 745

Estimated living cost  is ₴23613 per week

₴16161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4809
₴28908
₴39833
₴4338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 892
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
23 364
Employee
16 994
-
65 798
-
pensions
1 914
-
3 802
-
income
2 331
-
14 751
-
health
1 946
-
7 534
-
total
6 191
-
26 087
-
Employer
16 994
-
65 798
-
pensions
2 763
-
5 491
-
accident
284
-
1 099
-
unemployment
416
-
1 612
-
total
3 463
-
8 202
-
Corporate
53 543
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.

48 188
66 600
-
-
total
48 188
66 600
-
-
Dividends
5 354
7 400
-
-
withholding
1 017
1 406
-
-
total
1 017
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 859
68 006
34 289
23 364
After tax
15 141
5 994
39 711
50 636
Living cost
10 803
10 803
10 803
10 803
Free-cash
4 338
-4 809
28 908
39 833

Estimated living cost  is ₴10803 per week

₴7863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴28301
₴20770
₴30696
₴29235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
935
municipal
-
-
-
13 152
national
-
-
-
10 375
total
-
-
-
24 462
Employee
25 821
-
62 253
-
municipal
4 229
-
10 145
-
unemployment
387
-
934
-
pensions
1 743
-
4 202
-
national
427
-
6 607
-
health
193
-
753
-
total
6 979
-
22 641
-
Employer
25 821
-
62 253
-
health
198
-
480
-
pensions
4 480
-
10 801
-
accident
26
-
62
-
unemployment
168
-
404
-
total
4 872
-
11 747
-
Corporate
43 307
74 000
-
-
income
8 662
14 800
-
-
total
8 662
14 800
-
-
Dividends

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

25 984
44 400
-
-
municipal
4 677
7 992
-
-
national
733
4 065
-
-
total
5 410
12 057
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 923
26 857
34 388
24 462
After tax
48 077
47 143
39 612
49 538
Living cost
18 842
18 842
18 842
18 842
Free-cash
29 235
28 301
20 770
30 696

Estimated living cost  is ₴18842 per week

₴12308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1812
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.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42660
₴39154
₴39839
₴39990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 970
social contributions
-
-
-
7 941
health
-
-
-
1 887
total
-
-
-
22 798
Employee
37 739
37 739
68 508
-
social contributions
1 427
3 132
4 225
-
income
4 109
3 494
12 601
-
health
292
642
1 164
-
total
5 828
7 268
17 990
-
Employer
37 739
37 739
68 508
-
health
318
699
1 268
-
social contributions
1 427
3 132
4 225
-
total
1 745
3 831
5 493
-
Corporate
55 064
32 430
-
-
income
6 883
4 054
-
-
total
6 883
4 054
-
-
Dividends
48 181
28 376
-
-
withholding
8 191
4 824
-
-
total
8 191
4 824
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 647
19 977
23 483
22 798
After tax
51 353
54 023
50 517
51 202
Living cost
11 363
11 363
11 363
11 363
Free-cash
39 990
42 660
39 154
39 839

Estimated living cost  is ₴11363 per week

₴6810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
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.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53488
₴44027
₴53869
₴50992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 427
unemployment
-
-
-
14
health
-
-
-
1 776
pensions
-
-
-
3 122
total
-
-
-
12 339
Employee

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

11 265
-
69 204
-
unemployment
56
-
233
-
pensions
1 689
-
6 985
-
income
770
-
6 209
-
health
957
-
3 958
-
total
3 472
-
17 385
-
Employer

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

11 265
-
69 204
-
health
484
-
2 002
-
pensions
619
-
2 561
-
unemployment
56
-
233
-
total
1 159
-
4 796
-
Corporate
61 575
74 000
-
-
income
5 542
6 660
-
-
total
5 542
6 660
-
-
Dividends
56 034
67 340
-
-
withholding
5 043
6 060
-
-
total
5 043
6 060
-
-
Income
74 000
74 000
74 000
74 000
Total tax
15 216
12 720
22 181
12 339
After tax
58 784
61 280
51 819
61 661
Living cost
7 792
7 792
7 792
7 792
Free-cash
50 992
53 488
44 027
53 869

Estimated living cost  is ₴7792 per week

₴4972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35980
₴26112
₴28171
₴33732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
18 685
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 873
total
-
-
-
32 333
Employee
18 147
-
59 498
-
other
18
-
46
-
unemployment
281
-
705
-
pensions
853
-
2 138
-
income
3 499
-
17 000
-
total
4 651
-
19 889
-
Employer
18 147
-
59 498
-
pensions
4 282
-
10 736
-
accident
360
-
901
-
unemployment
998
-
2 502
-
other
145
-
364
-
total
5 785
-
14 503
-
Corporate
50 067
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.

7 510
11 100
-
-
total
7 510
11 100
-
-
Dividends
42 557
62 900
-
-
withholding
8 826
13 424
-
-
total
8 826
13 424
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 772
24 524
34 392
32 333
After tax
47 228
49 476
39 608
41 667
Living cost
13 496
13 496
13 496
13 496
Free-cash
33 732
35 980
26 112
28 171

Estimated living cost  is ₴13496 per week

₴9110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45218
₴46512
₴46579
₴45060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 257
health
-
-
-
507
pensions
-
-
-
699
total
-
-
-
26 463
Employee
1 459
-
73 214
-
unemployment
15
-
35
-
pensions
131
-
314
-
income
282
-
25 220
-
health
73
-
175
-
total
501
-
25 744
-
Employer
1 459
-
73 214
-
health
139
-
332
-
pensions
161
-
384
-
unemployment
29
-
70
-
total
329
-
786
-
Corporate
72 213
74 000
-
-
income
15 887
16 280
-
-
total
15 887
16 280
-
-
Dividends
56 326
57 720
-
-
withholding
11 265
11 544
-
-
total
11 265
11 544
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 982
27 824
26 530
26 463
After tax
46 018
46 176
47 470
47 537
Living cost
958
958
958
958
Free-cash
45 060
45 218
46 512
46 579

Estimated living cost  is ₴958 per week

₴569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴44977
₴35351
₴35351
₴42563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 450
unemployment
-
-
-
544
health
-
-
-
3 736
pensions
-
-
-
9 431
total
-
-
-
30 161
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.

12 799
-
67 507
-
unemployment
96
-
272
-
pensions
1 792
-
5 078
-
income
1 764
-
16 450
-
health
659
-
1 868
-
total
4 311
-
23 668
-
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.

12 799
-
67 507
-
health
659
-
1 868
-
pensions
1 536
-
4 353
-
unemployment
96
-
272
-
total
2 291
-
6 493
-
Corporate
58 910
74 000
-
-
income
8 836
11 100
-
-
total
8 836
11 100
-
-
Dividends
50 073
62 900
-
-
withholding
7 511
9 435
-
-
total
7 511
9 435
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 949
20 535
30 161
30 161
After tax
51 051
53 465
43 839
43 839
Living cost
8 488
8 488
8 488
8 488
Free-cash
42 563
44 977
35 351
35 351

Estimated living cost  is ₴8488 per week

₴5715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28860
₴21588
₴26835
₴28683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 219
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
33 934
Employee
19 048
-
59 798
-
surtax
-
-
-
-
social contributions
2 096
-
6 578
-
income
3 722
-
18 401
-
total
5 818
-
24 979
-
Employer
19 048
-
59 798
-
social contributions
4 524
-
14 202
-
total
4 524
-
14 202
-
Corporate
50 428
74 000
-
-
income
10 589
15 540
-
-
surtax
-
-
-
-
total
10 589
15 540
-
-
Dividends
39 839
58 460
-
-
withholding
11 155
16 369
-
-
total
11 155
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 086
31 909
39 181
33 934
After tax
41 914
42 091
34 819
40 066
Living cost
13 231
13 231
13 231
13 231
Free-cash
28 683
28 860
21 588
26 835

Estimated living cost  is ₴13231 per week

₴9371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32228
₴22360
₴24419
₴28812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
18 685
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 873
total
-
-
-
32 333
Employee
23 703
-
59 498
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 138
-
income
4 951
-
17 000
-
total
6 455
-
19 889
-
Employer
23 703
-
59 498
-
pensions
5 594
-
10 736
-
accident
469
-
901
-
unemployment
1 304
-
2 502
-
other
190
-
364
-
total
7 557
-
14 503
-
Corporate
42 740
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.

6 411
11 100
-
-
total
6 411
11 100
-
-
Dividends
36 329
62 900
-
-
withholding
7 517
13 424
-
-
total
7 517
13 424
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 940
24 524
34 392
32 333
After tax
46 060
49 476
39 608
41 667
Living cost
17 248
17 248
17 248
17 248
Free-cash
28 812
32 228
22 360
24 419

Estimated living cost  is ₴17248 per week

₴12387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54825
₴52643
₴49876
₴51834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 100
unemployment
-
-
-
69
health
-
-
-
1 972
pensions

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

-
-
-
2 538
total
-
-
-
15 679
Employee
11 183
-
70 636
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 118
-
7 063
-
health
514
-
789
-
total
2 737
-
9 547
-
Employer
11 183
-
70 636
-
health
772
-
1 183
-
pensions

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

1 232
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 194
-
3 365
-
Corporate
60 623
74 000
-
-
income
6 062
7 400
-
-
total
6 062
7 400
-
-
Dividends
54 561
66 600
-
-
withholding
2 728
3 330
-
-
total
2 728
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 721
10 730
12 912
15 679
After tax
60 279
63 270
61 088
58 321
Living cost
8 445
8 445
8 445
8 445
Free-cash
51 834
54 825
52 643
49 876

Estimated living cost  is ₴8445 per week

₴5586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19157
₴29023
₴21678
₴25576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
21 494
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.

-
-
-
1 182
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.

-
-
-
3 353
trade
-
-
-
7 345
total
-
-
-
33 374
Employee

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

24 420
-
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.

111
-
1 182
-
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.

2 008
-
21 494
-
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.

3 353
-
3 353
-
total
5 472
-
26 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 580
74 000
-
-
income
7 437
11 100
-
-
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.

409
610
-
-
chamber of commerce
147
183
-
-
trade
7 115
10 619
-
-
total
15 108
22 512
-
-
Dividends
34 473
51 487
-
-
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.

464
698
-
-
withholding
8 432
12 685
-
-
total
8 896
13 383
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 476
35 895
26 029
33 374
After tax
44 524
38 105
47 971
40 626
Living cost
18 948
18 948
18 948
18 948
Free-cash
25 576
19 157
29 023
21 678

Estimated living cost  is ₴18948 per week

₴13071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23843
₴12498
₴12498
₴24927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 488
social contributions
-
-
-
12 057
total
-
-
-
33 545
Employee
38 390
-
74 000
-
income
7 244
-
21 488
-
social contributions
3 189
-
12 057
-
total
10 433
-
33 545
-
Employer
38 390
-
74 000
-
total
-
-
-
-
Corporate
35 610
74 000
-
-
income
4 451
9 250
-
-
total
4 451
9 250
-
-
Dividends
31 159
64 750
-
-
withholding
6 232
12 950
-
-
total
6 232
12 950
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 116
22 200
33 545
33 545
After tax
52 884
51 800
40 455
40 455
Living cost
27 957
27 957
27 957
27 957
Free-cash
24 927
23 843
12 498
12 498

Estimated living cost  is ₴27957 per week

₴21269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2278
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.
₴4143
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27691
₴35558
₴39194
₴29406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 970
health

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

-
-
-
3 020
total
-
-
-
16 990
Employee
22 514
-
71 742
-
income
2 443
-
16 110
-
social contributions
2 256
-
2 258
-
total
4 699
-
18 368
-
Employer
22 514
-
71 742
-
social contributions
2 256
-
2 258
-
total
2 256
-
2 258
-
Corporate
49 230
74 000
-
-
income
17 230
25 900
-
-
total
17 230
25 900
-
-
Dividends
32 000
48 100
-
-
social contributions
2 593
2 593
-
-
total
2 593
2 593
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 778
28 493
20 626
16 990
After tax
47 222
45 507
53 374
57 010
Living cost
17 816
17 816
17 816
17 816
Free-cash
29 406
27 691
35 558
39 194

Estimated living cost  is ₴17816 per week

₴11735
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.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31614
₴25094
₴31857
₴34500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 891
pensions
-
-
-
4 148
total
-
-
-
24 039
Employee
24 850
-
64 753
-
pensions
1 897
-
5 189
-
income
4 525
-
15 382
-
health
324
-
984
-
total
6 746
-
21 555
-
Employer
24 850
-
64 753
-
health
472
-
1 230
-
pensions
2 511
-
8 017
-
total
2 983
-
9 247
-
Corporate
46 167
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.

8 772
14 060
-
-
total
8 772
14 060
-
-
Dividends
37 395
59 940
-
-
withholding
2 895
10 222
-
-
total
2 895
10 222
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 396
24 282
30 802
24 039
After tax
52 604
49 718
43 198
49 961
Living cost
18 104
18 104
18 104
18 104
Free-cash
34 500
31 614
25 094
31 857

Estimated living cost  is ₴18104 per week

₴12419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5879
₴27838
₴38763
₴4173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 892
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
23 364
Employee
18 676
-
65 798
-
pensions
2 103
-
3 802
-
income
2 562
-
14 751
-
health
2 138
-
7 534
-
total
6 803
-
26 087
-
Employer
18 676
-
65 798
-
pensions
3 037
-
5 491
-
accident
312
-
1 099
-
unemployment
457
-
1 612
-
total
3 806
-
8 202
-
Corporate
51 518
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.

46 366
66 600
-
-
total
46 366
66 600
-
-
Dividends
5 152
7 400
-
-
withholding
979
1 406
-
-
total
979
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
57 954
68 006
34 289
23 364
After tax
16 046
5 994
39 711
50 636
Living cost
11 873
11 873
11 873
11 873
Free-cash
4 173
-5 879
27 838
38 763

Estimated living cost  is ₴11873 per week

₴8713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55650
₴44588
₴35015
₴53357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 014
unemployment
-
-
-
888
work injury
-
-
-
370
health insurance
-
-
-
5 476
pensions
-
-
-
13 616
total
-
-
-
32 364
Employee

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

10 593
-
74 000
-
health insurance
784
-
2 900
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 949
-
7 211
-
income
1 059
-
12 014
-
total
3 972
-
22 791
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 407
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%.

634
740
-
-
total
634
740
-
-
Dividends
62 773
73 260
-
-
withholding
9 416
10 989
-
-
total
9 416
10 989
-
-
Income
74 000
74 000
74 000
74 000
Total tax
14 022
11 729
22 791
32 364
After tax
59 978
62 271
51 209
41 636
Living cost
6 621
6 621
6 621
6 621
Free-cash
53 357
55 650
44 588
35 015

Estimated living cost  is ₴6621 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19426
₴12368
₴15666
₴17193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 033
regional
-
-
-
1 682
municipal
-
-
-
495
national
-
-
-
17 572
total
-
-
-
38 782
Employee
41 356
-
74 000
-
municipal
247
-
441
-
national
6 989
-
15 211
-
regional
624
-
1 475
-
social contributions
13 945
-
24 953
-
total
21 805
-
42 080
-
Employer
41 356
-
74 000
-
total
-
-
-
-
Corporate
32 644
74 000
-
-
municipal
1 573
3 567
-
-
nationa
7 835
17 760
-
-
total
9 408
21 327
-
-
Dividends
23 236
52 673
-
-
withholding
6 042
13 695
-
-
total
6 042
13 695
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 255
35 022
42 080
38 782
After tax
36 745
38 978
31 920
35 218
Living cost
19 552
19 552
19 552
19 552
Free-cash
17 193
19 426
12 368
15 666

Estimated living cost  is ₴19552 per week

₴13734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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