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
₴22348
₴33034
₴25005
₴27824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 409
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.

-
-
-
1 177
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.

-
-
-
3 383
trade
-
-
-
8 029
total
-
-
-
33 998
Employee

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

18 938
-
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
-
1 177
-
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.

529
-
21 409
-
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.

3 383
-
3 383
-
total
3 941
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 062
74 000
-
-
income
8 259
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.

454
611
-
-
chamber of commerce
154
181
-
-
trade
8 673
11 655
-
-
total
17 540
23 547
-
-
Dividends
37 523
50 453
-
-
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.

506
683
-
-
withholding
9 192
12 425
-
-
total
9 698
13 108
-
-
Income
74 000
74 000
74 000
74 000
Total tax
31 179
36 655
25 969
33 998
After tax
42 821
37 345
48 031
40 002
Living cost
14 997
14 997
14 997
14 997
Free-cash
27 824
22 348
33 034
25 005

Estimated living cost  is ₴14997 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
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.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19923
₴18294
₴17714
₴19486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 985
national
-
-
-
12 373
pensions
-
-
-
8 880
total
-
-
-
30 033
Employee
40 697
-
63 972
-
municipal
5 027
-
8 271
-
pensions
1 628
-
2 559
-
national
7 789
-
12 817
-
total
14 444
-
23 647
-
Employer
40 697
-
63 972
-
pensions
3 256
-
5 118
-
social contributions
437
-
688
-
total
3 693
-
5 806
-
Corporate
26 924
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%.

5 385
14 800
-
-
total
5 385
14 800
-
-
Dividends
21 539
59 200
-
-
withholding
4 739
13 024
-
-
total
4 739
13 024
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 261
27 824
29 453
30 033
After tax
45 739
46 176
44 547
43 967
Living cost
26 253
26 253
26 253
26 253
Free-cash
19 486
19 923
18 294
17 714

Estimated living cost  is ₴26253 per week

₴17844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
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.
₴5576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48899
₴34787
₴13766
₴44838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 092
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.

-
-
-
18 971
microenterprise
-
-
-
-
total
-
-
-
49 933
Employee
14 468
-
53 051
-
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.

1 592
-
5 836
-
income
2 575
-
10 296
-
total
4 167
-
16 132
-
Employer
14 468
-
53 051
-
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.

3 485
-
12 780
-
surtax
-
-
-
-
total
3 485
-
12 780
-
Corporate
56 047
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%.

11 209
14 800
-
-
total
11 209
14 800
-
-
Dividends

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

44 838
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
18 861
14 800
28 912
49 933
After tax
55 139
59 200
45 088
24 067
Living cost
10 301
10 301
10 301
10 301
Free-cash
44 838
48 899
34 787
13 766

Estimated living cost  is ₴10301 per week

₴6572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15700
₴24057
₴21032
₴12664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 319
health
-
-
-
6 106
pensions
-
-
-
5 801
total
-
-
-
32 226
Employee
42 282
42 282
64 798
-
pensions
7 611
5 801
5 801
-
income

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

6 921
6 921
8 093
-
health
6 490
5 520
6 106
-
total
21 022
18 242
20 000
-
Employer
42 282
42 282
64 798
-
health
2 939
2 939
3 652
-
pensions
2 943
2 943
3 658
-
unemployment
1 522
1 522
1 891
-
total
7 404
7 404
9 201
-
Corporate
24 833
24 314
-
-
income
4 967
4 862
-
-
total
4 967
4 862
-
-
Dividends
19 866
19 451
-
-
income
4 222
4 133
-
-
withholding
2 979
2 917
-
-
total
7 201
7 050
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 594
37 558
29 201
32 226
After tax
33 406
36 442
44 799
41 774
Living cost
20 742
20 742
20 742
20 742
Free-cash
12 664
15 700
24 057
21 032

Estimated living cost  is ₴20742 per week

₴14699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20065
₴18140
₴18632
₴19608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
other
-
-
-
5 180
unemployment
-
-
-
45
health
-
-
-
2 782
municipal
-
-
-
18 216
national
-
-
-
3 898
pensions
-
-
-
4 819
total
-
-
-
35 029
Employee
28 982
-
59 994
-
municipal
8 642
-
17 890
-
national
-
-
3 625
-
total
8 642
-
21 515
-
Employer
28 982
-
59 994
-
health
1 782
-
2 741
-
pensions
3 133
-
4 819
-
accident
58
-
89
-
unemployment
765
-
1 177
-
other
3 368
-
5 180
-
total
9 106
-
14 006
-
Corporate
35 912
74 000
-
-
income
7 901
16 280
-
-
total
7 901
16 280
-
-
Dividends
28 012
57 720
-
-
withholding
8 404
17 316
-
-
total
8 404
17 316
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 053
33 596
35 521
35 029
After tax
39 947
40 404
38 479
38 971
Living cost
20 339
20 339
20 339
20 339
Free-cash
19 608
20 065
18 140
18 632

Estimated living cost  is ₴20339 per week

₴13480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17512
₴28580
₴20194
₴24470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 409
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.

-
-
-
1 177
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.

-
-
-
3 383
trade
-
-
-
8 386
total
-
-
-
34 355
Employee

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

25 109
-
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.

118
-
1 177
-
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.

2 157
-
21 409
-
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.

3 383
-
3 383
-
total
5 658
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 891
74 000
-
-
income
7 334
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.

403
611
-
-
chamber of commerce
145
180
-
-
trade
8 043
12 173
-
-
total
15 925
24 064
-
-
Dividends
32 967
49 936
-
-
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.

443
677
-
-
withholding
8 053
12 296
-
-
total
8 496
12 973
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 079
37 037
25 969
34 355
After tax
43 921
36 963
48 031
39 645
Living cost
19 451
19 451
19 451
19 451
Free-cash
24 470
17 512
28 580
20 194

Estimated living cost  is ₴19451 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37968
₴34494
₴35181
₴35913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 861
social contributions
-
-
-
8 011
health
-
-
-
1 887
total
-
-
-
22 759
Employee
38 073
38 073
68 471
-
social contributions
1 850
3 160
4 262
-
income
3 998
3 524
12 491
-
health
379
647
1 164
-
total
6 227
7 331
17 917
-
Employer
38 073
38 073
68 471
-
health
412
705
1 267
-
social contributions
1 850
3 160
4 262
-
total
2 262
3 865
5 529
-
Corporate
49 451
32 062
-
-
income
6 182
4 007
-
-
total
6 182
4 007
-
-
Dividends
43 270
28 055
-
-
withholding
7 356
4 769
-
-
total
7 356
4 769
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 027
19 972
23 446
22 759
After tax
51 973
54 028
50 554
51 241
Living cost
16 060
16 060
16 060
16 060
Free-cash
35 913
37 968
34 494
35 181

Estimated living cost  is ₴16060 per week

₴10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32509
₴33808
₴42172
₴32697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 047
unemployment
-
-
-
1 110
health
-
-
-
5 180
pensions
-
-
-
7 400
total
-
-
-
22 737
Employee

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
61 925
-
unemployment
197
78
929
-
pensions
1 312
522
6 192
-
income
1 604
639
7 570
-
health
919
366
4 335
-
total
4 032
1 605
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.

13 124
5 223
61 925
-
pensions
2 559
1 018
12 075
-
total
2 559
1 018
12 075
-
Corporate
58 317
67 759
-
-
income
5 249
6 098
-
-
total
5 249
6 098
-
-
Dividends
53 069
61 660
-
-
social contributions
10 289
11 964
-
-
withholding
10 083
11 715
-
-
total
20 372
23 679
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 212
32 400
31 101
22 737
After tax
41 788
41 600
42 899
51 263
Living cost
9 091
9 091
9 091
9 091
Free-cash
32 697
32 509
33 808
42 172

Estimated living cost  is ₴9091 per week

₴6204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47241
₴30692
₴27704
₴44165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 917
health
-
-
-
9 620
pensions
-
-
-
14 800
total
-
-
-
34 337
Employee
14 046
-
55 307
-
unemployment
225
-
885
-
pensions
281
-
1 106
-
income
1 581
-
10 664
-
total
2 087
-
12 655
-
Employer
14 046
-
55 307
-
health
1 826
-
7 190
-
pensions
2 809
-
11 061
-
unemployment
113
-
443
-
total
4 748
-
18 694
-
Corporate
55 206
74 000
-
-
income
11 041
14 800
-
-
total
11 041
14 800
-
-
Dividends
44 165
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
17 876
14 800
31 349
34 337
After tax
56 124
59 200
42 651
39 663
Living cost
11 959
11 959
11 959
11 959
Free-cash
44 165
47 241
30 692
27 704

Estimated living cost  is ₴11959 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5043
₴28654
₴39602
₴4300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
23 362
Employee
17 361
-
65 764
-
pensions
1 955
-
3 827
-
income
2 382
-
14 716
-
health
1 988
-
7 530
-
total
6 325
-
26 073
-
Employer
17 361
-
65 764
-
pensions
2 823
-
5 527
-
accident
290
-
1 098
-
unemployment
425
-
1 611
-
total
3 538
-
8 236
-
Corporate
53 101
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.

47 791
66 600
-
-
total
47 791
66 600
-
-
Dividends
5 310
7 400
-
-
withholding
1 009
1 406
-
-
total
1 009
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 663
68 006
34 309
23 362
After tax
15 337
5 994
39 691
50 638
Living cost
11 036
11 036
11 036
11 036
Free-cash
4 300
-5 043
28 654
39 602

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66309
₴55209
₴69269
₴65560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 989
-
74 000
-
income
998
-
14 800
-
total
998
-
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%.

69 011
74 000
-
-
total
-
-
-
-
Dividends
69 011
74 000
-
-
withholding
3 451
3 700
-
-
total
3 451
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 449
3 700
14 800
740
After tax
69 551
70 300
59 200
73 260
Living cost
3 991
3 991
3 991
3 991
Free-cash
65 560
66 309
55 209
69 269

Estimated living cost  is ₴3991 per week

₴2473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41175
₴29064
₴26004
₴37831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 273
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.

-
-
-
17 759
total
-
-
-
34 803
Employee
17 978
-
59 105
-
unemployment
179
-
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.

1 258
-
4 137
-
income
3 095
-
11 292
-
health
252
-
828
-
total
4 784
-
16 848
-
Employer
17 978
-
59 105
-
health
252
-
828
-
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.

3 057
-
10 048
-
accident
144
-
473
-
unemployment
179
-
591
-
other
899
-
2 955
-
total
4 531
-
14 895
-
Corporate
51 492
74 000
-
-
income
10 813
15 540
-
-
total
10 813
15 540
-
-
Dividends
40 679
58 460
-
-
withholding
2 848
4 092
-
-
total
2 848
4 092
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 976
19 632
31 743
34 803
After tax
51 024
54 368
42 257
39 197
Living cost
13 193
13 193
13 193
13 193
Free-cash
37 831
41 175
29 064
26 004

Estimated living cost  is ₴13193 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16959
₴10417
₴17183
₴15882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 827
pensions
-
-
-
4 167
total
-
-
-
23 994
Employee
46 440
-
64 759
-
pensions
4 480
-
5 216
-
income
8 371
-
15 316
-
health
765
-
987
-
total
13 616
-
21 519
-
Employer
46 440
-
64 759
-
health
882
-
1 230
-
pensions
5 483
-
8 011
-
total
6 365
-
9 241
-
Corporate
21 195
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.

4 027
14 060
-
-
total
4 027
14 060
-
-
Dividends
17 168
59 940
-
-
withholding
1 287
10 158
-
-
total
1 287
10 158
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 295
24 218
30 760
23 994
After tax
48 705
49 782
43 240
50 006
Living cost
32 823
32 823
32 823
32 823
Free-cash
15 882
16 959
10 417
17 183

Estimated living cost  is ₴32823 per week

₴24595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3857
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.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56781
₴54555
₴51795
₴54483
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
15 716
Employee
8 593
-
70 608
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
7 061
-
health
395
-
795
-
total
2 103
-
9 564
-
Employer
8 593
-
70 608
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
63 721
74 000
-
-
income
6 372
7 400
-
-
total
6 372
7 400
-
-
Dividends
57 349
66 600
-
-
withholding
2 867
3 330
-
-
total
2 867
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 028
10 730
12 956
15 716
After tax
60 972
63 270
61 044
58 284
Living cost
6 489
6 489
6 489
6 489
Free-cash
54 483
56 781
54 555
51 795

Estimated living cost  is ₴6489 per week

₴3789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8986
₴17343
₴14318
₴10229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 319
health
-
-
-
6 106
pensions
-
-
-
5 801
total
-
-
-
32 226
Employee
45 905
42 282
64 798
-
pensions
5 801
5 801
5 801
-
income

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

6 921
6 921
8 093
-
health
5 727
5 520
6 106
-
total
18 449
18 242
20 000
-
Employer
45 905
42 282
64 798
-
health
3 190
2 939
3 652
-
pensions
3 195
2 943
3 658
-
unemployment
1 653
1 522
1 891
-
total
8 038
7 404
9 201
-
Corporate
20 058
24 314
-
-
income
4 011
4 862
-
-
total
4 011
4 862
-
-
Dividends
16 047
19 451
-
-
income
3 410
4 133
-
-
withholding
2 407
2 917
-
-
total
5 817
7 050
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 315
37 558
29 201
32 226
After tax
37 685
36 442
44 799
41 774
Living cost
27 456
27 456
27 456
27 456
Free-cash
10 229
8 986
17 343
14 318

Estimated living cost  is ₴27456 per week

₴20253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38647
₴25250
₴27059
₴34259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 946
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
9 990
total
-
-
-
34 639
Employee
18 092
-
55 224
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
3 590
-
income
2 171
-
6 627
-
health
2 442
-
7 455
-
total
5 789
-
17 672
-
Employer
18 092
-
55 224
-
health
1 628
-
4 970
-
social contributions
4 523
-
13 806
-
total
6 151
-
18 776
-
Corporate
49 757
74 000
-
-
income
9 454
14 060
-
-
total
9 454
14 060
-
-
Dividends
40 303
59 940
-
-
withholding
6 045
8 991
-
-
total
6 045
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 439
23 051
36 448
34 639
After tax
46 561
50 949
37 552
39 361
Living cost
12 302
12 302
12 302
12 302
Free-cash
34 259
38 647
25 250
27 059

Estimated living cost  is ₴12302 per week

₴8545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18589
₴11824
₴15246
₴16004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
860
municipal
-
-
-
440
national
-
-
-
17 528
total
-
-
-
37 861
Employee
44 004
-
74 000
-
municipal
233
-
393
-
national
7 625
-
15 180
-
regional
415
-
757
-
social contributions
14 838
-
24 953
-
total
23 111
-
41 283
-
Employer
44 004
-
74 000
-
total
-
-
-
-
Corporate
29 996
74 000
-
-
municipal
1 170
2 886
-
-
nationa
7 199
17 760
-
-
total
8 369
20 646
-
-
Dividends
21 627
53 353
-
-
withholding
5 623
13 872
-
-
total
5 623
13 872
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 103
34 518
41 283
37 861
After tax
36 897
39 482
32 717
36 139
Living cost
20 893
20 893
20 893
20 893
Free-cash
16 004
18 589
11 824
15 246

Estimated living cost  is ₴20893 per week

₴14564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35620
₴21939
₴24191
₴34077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 238
other
-
-
-
-
surtax
-
-
-
2 625
unemployment
-
-
-
113
health
-
-
-
4 691
pensions
-
-
-
13 216
total
-
-
-
38 883
Employee
16 374
-
61 131
-
other
-
-
-
-
unemployment
1 140
-
4 255
-
pensions
1 092
-
4 078
-
surtax
54
-
2 270
-
income
2 745
-
16 105
-
health
418
-
1 559
-
total
5 449
-
28 267
-
Employer
16 374
-
61 131
-
health
745
-
2 782
-
pensions
2 183
-
8 149
-
unemployment
519
-
1 937
-
other
-
-
-
-
total
3 447
-
12 868
-
Corporate
54 180
74 000
-
-
income
14 087
19 240
-
-
total
14 087
19 240
-
-
Dividends
40 093
54 760
-
-
withholding
6 014
8 214
-
-
total
6 014
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 997
27 454
41 135
38 883
After tax
45 003
46 546
32 865
35 117
Living cost
10 926
10 926
10 926
10 926
Free-cash
34 077
35 620
21 939
24 191

Estimated living cost  is ₴10926 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27358
₴20816
₴27582
₴29159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 827
pensions
-
-
-
4 167
total
-
-
-
23 994
Employee
31 123
-
64 759
-
pensions
2 642
-
5 216
-
income
5 605
-
15 316
-
health
452
-
987
-
total
8 699
-
21 519
-
Employer
31 123
-
64 759
-
health
591
-
1 230
-
pensions
3 369
-
8 011
-
total
3 960
-
9 241
-
Corporate
38 917
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.

7 394
14 060
-
-
total
7 394
14 060
-
-
Dividends
31 523
59 940
-
-
withholding
2 364
10 158
-
-
total
2 364
10 158
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 417
24 218
30 760
23 994
After tax
51 583
49 782
43 240
50 006
Living cost
22 424
22 424
22 424
22 424
Free-cash
29 159
27 358
20 816
27 582

Estimated living cost  is ₴22424 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5377
₴17817
₴21412
₴11399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 255
health
-
-
-
166
city
-
-
-
780
national
-
-
-
882
pensions
-
-
-
6 809
total
-
-
-
13 372
Employee
45 893
-
66 234
-
unemployment
-
-
-
-
pensions
3 856
-
5 564
-
national
217
-
711
-
regional
1 503
-
2 795
-
city
493
-
711
-
health
104
-
149
-
total
6 173
-
9 930
-
Employer
45 893
-
66 234
-
health
104
-
149
-
pensions
3 856
-
5 564
-
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
-
1 324
-
total
4 878
-
7 037
-
Corporate
22 726
74 000
-
-
regional
4 806
15 651
-
-
national
1 932
6 290
-
-
total
6 738
21 941
-
-
Dividends
15 988
52 059
-
-
withholding
5 596
18 220
-
-
total
5 596
18 220
-
-
Income
74 000
74 000
74 000
74 000
Total tax
23 385
40 161
16 967
13 372
After tax
50 615
33 839
57 033
60 628
Living cost
39 216
39 216
39 216
39 216
Free-cash
11 399
-5 377
17 817
21 412

Estimated living cost  is ₴39216 per week

₴25501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13902
₴25349
₴16606
₴21930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 409
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.

-
-
-
1 177
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.

-
-
-
3 383
trade
-
-
-
8 743
total
-
-
-
34 712
Employee

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

29 756
-
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.

193
-
1 177
-
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.

3 499
-
21 409
-
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.

3 383
-
3 383
-
total
7 075
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 244
74 000
-
-
income
6 636
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.

365
611
-
-
chamber of commerce
137
179
-
-
trade
7 588
12 691
-
-
total
14 726
24 581
-
-
Dividends
29 517
49 418
-
-
surtax

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

396
669
-
-
withholding
7 191
12 166
-
-
total
7 587
12 835
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 388
37 416
25 969
34 712
After tax
44 612
36 584
48 031
39 288
Living cost
22 682
22 682
22 682
22 682
Free-cash
21 930
13 902
25 349
16 606

Estimated living cost  is ₴22682 per week

₴16566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20355
₴25203
₴24976
₴23280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 511
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 108
health
-
-
-
2 716
pensions
-
-
-
14 455
total
-
-
-
32 084
Employee
21 191
-
58 079
-
pensions
2 396
-
3 703
-
surtax
-
-
-
-
social contributions
604
-
1 656
-
income
1 251
-
10 576
-
total
4 251
-
15 935
-
Employer
21 191
-
58 079
-
health
1 484
-
4 978
-
pensions
3 481
-
6 295
-
unemployment
858
-
2 352
-
social contributions
64
-
174
-
other
731
-
2 123
-
total
6 618
-
15 922
-
Corporate
46 192
74 000
-
-
income
12 934
20 720
-
-
surtax
-
-
-
-
total
12 934
20 720
-
-
Dividends
33 258
53 280
-
-
surtax
-
-
-
-
social contributions
5 720
9 165
-
-
withholding
4 257
6 820
-
-
total
9 977
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 780
36 705
31 857
32 084
After tax
40 220
37 295
42 143
41 916
Living cost
16 940
16 940
16 940
16 940
Free-cash
23 280
20 355
25 203
24 976

Estimated living cost  is ₴16940 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
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.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22033
₴26881
₴26654
₴24786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 511
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 108
health
-
-
-
2 716
pensions
-
-
-
14 455
total
-
-
-
32 084
Employee
18 916
-
58 079
-
pensions
2 139
-
3 703
-
surtax
-
-
-
-
social contributions
539
-
1 656
-
income
975
-
10 576
-
total
3 653
-
15 935
-
Employer
18 916
-
58 079
-
health
1 324
-
4 978
-
pensions
3 108
-
6 295
-
unemployment
766
-
2 352
-
social contributions
56
-
174
-
other
653
-
2 123
-
total
5 907
-
15 922
-
Corporate
49 177
74 000
-
-
income
13 770
20 720
-
-
surtax
-
-
-
-
total
13 770
20 720
-
-
Dividends
35 407
53 280
-
-
surtax
-
-
-
-
social contributions
6 090
9 165
-
-
withholding
4 532
6 820
-
-
total
10 622
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 952
36 705
31 857
32 084
After tax
40 048
37 295
42 143
41 916
Living cost
15 262
15 262
15 262
15 262
Free-cash
24 786
22 033
26 881
26 654

Estimated living cost  is ₴15262 per week

₴8851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34648
₴35887
₴37024
₴34904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 788
-
74 000
-
social contributions
2 317
-
10 212
-
income
2 800
-
12 237
-
health
1 172
-
5 165
-
total
6 289
-
27 614
-
Employer
16 788
-
74 000
-
total
-
-
-
-
Corporate
57 212
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%.

2 860
3 700
-
-
total
2 860
3 700
-
-
Dividends
54 352
70 300
-
-
social contributions
7 501
9 701
-
-
withholding
8 153
10 545
-
-
health
3 794
4 907
-
-
total
19 448
25 153
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 597
28 853
27 614
26 477
After tax
45 403
45 147
46 386
47 523
Living cost
10 499
10 499
10 499
10 499
Free-cash
34 904
34 648
35 887
37 024

Estimated living cost  is ₴10499 per week

₴7026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23624
₴1854
₴20465
₴22860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 532
surtax
-
-
-
98
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
296
health
-
-
-
4 425
pensions
-
-
-
10 701
total
-
-
-
36 089
Employee
24 744
19 732
57 387
-
other
247
197
574
-
unemployment
742
592
1 721
-
pensions
2 534
2 020
5 876
-
income
2 817
1 455
13 818
-
health
957
764
2 221
-
total
7 297
5 028
24 210
-
Employer
24 744
19 732
57 387
-
chamber of commerce
99
79
229
-
health
935
746
2 170
-
pensions
3 105
2 477
7 202
-
accident
321
257
746
-
unemployment
742
592
1 721
-
surtax
98
98
98
-
payroll
742
592
1 721
-
other
1 175
937
2 726
-
total
7 217
5 778
16 613
-
Corporate
42 038
48 492
55 508
-
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.

10 509
12 123
13 877
-
total
10 509
12 123
13 877
-
Dividends
31 528
36 369
-
-
withholding
8 671
10 001
-
-
total
8 671
10 001
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 694
32 930
54 700
36 089
After tax
40 306
41 070
19 300
37 911
Living cost
17 446
17 446
17 446
17 446
Free-cash
22 860
23 624
1 854
20 465

Estimated living cost  is ₴17446 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23360
₴8738
₴14287
₴15934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 746
social contributions
-
-
-
11 565
national
-
-
-
26 349
total
-
-
-
41 660
Employee

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

35 417
-
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.

308
-
499
-
communal

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

1 847
-
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.

2 656
-
4 299
-
national
10 889
-
20 044
-
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.

1 664
-
2 693
-
total
17 364
-
30 525
-
Employer

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

35 417
-
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.

2 178
-
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.

3 138
-
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.

460
-
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.

517
-
837
-
surtax
4 016
-
6 500
-
total
10 309
-
16 684
-
Corporate
28 274
74 000
-
-
income
5 655
14 800
-
-
surtax
113
296
-
-
total
5 768
15 096
-
-
Dividends
22 507
58 904
-
-
withholding

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

6 572
17 491
-
-
total
6 572
17 491
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 013
32 587
47 209
41 660
After tax
33 987
41 413
26 791
32 340
Living cost
18 053
18 053
18 053
18 053
Free-cash
15 934
23 360
8 738
14 287

Estimated living cost  is ₴18053 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31604
₴21718
₴23796
₴27979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
18 556
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
32 323
Employee
24 646
-
59 369
-
other
24
-
46
-
unemployment
382
-
711
-
pensions
1 159
-
2 157
-
income
5 200
-
16 856
-
total
6 765
-
19 770
-
Employer
24 646
-
59 369
-
pensions
5 816
-
10 831
-
accident
488
-
909
-
unemployment
1 356
-
2 524
-
other
196
-
367
-
total
7 856
-
14 631
-
Corporate
41 498
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.

6 225
11 100
-
-
total
6 225
11 100
-
-
Dividends
35 273
62 900
-
-
withholding
7 294
13 415
-
-
total
7 294
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 140
24 515
34 401
32 323
After tax
45 860
49 485
39 599
41 677
Living cost
17 881
17 881
17 881
17 881
Free-cash
27 979
31 604
21 718
23 796

Estimated living cost  is ₴17881 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴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 Barcelona model

Close
Luxembourg , Luxembourg
₴17117
₴14108
₴11159
₴11470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 676
accident
-
-
-
624
income
-
-
-
10 674
surtax
-
-
-
3 668
health
-
-
-
5 200
pensions
-
-
-
11 092
total
-
-
-
35 934
Employee
37 496
-
66 101
-
pensions
2 999
-
5 288
-
surtax
2 298
-
4 051
-
income
3 622
-
12 805
-
health
1 669
-
2 942
-
total
10 588
-
25 086
-
Employer
37 496
-
66 101
-
health
1 143
-
2 016
-
pensions
2 999
-
5 288
-
accident
337
-
595
-
total
4 479
-
7 899
-
Corporate
32 024
74 000
-
-
communal
2 162
4 995
-
-
income
4 803
11 100
-
-
surtax
336
777
-
-
total
7 301
16 872
-
-
Dividends
24 723
57 128
-
-
income
9 546
4 535
-
-
withholding
3 709
8 569
-
-
total
13 255
13 104
-
-
Income
74 000
74 000
74 000
74 000
Total tax
35 623
29 976
32 985
35 934
After tax
38 377
44 024
41 015
38 066
Living cost
26 907
26 907
26 907
26 907
Free-cash
11 470
17 117
14 108
11 159

Estimated living cost  is ₴26907 per week

₴20185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35425
₴21744
₴23996
₴33851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 238
other
-
-
-
-
surtax
-
-
-
2 625
unemployment
-
-
-
113
health
-
-
-
4 691
pensions
-
-
-
13 216
total
-
-
-
38 883
Employee
16 674
-
61 131
-
other
-
-
-
-
unemployment
1 160
-
4 255
-
pensions
1 112
-
4 078
-
surtax
59
-
2 270
-
income
2 795
-
16 105
-
health
426
-
1 559
-
total
5 552
-
28 267
-
Employer
16 674
-
61 131
-
health
758
-
2 782
-
pensions
2 223
-
8 149
-
unemployment
529
-
1 937
-
other
-
-
-
-
total
3 510
-
12 868
-
Corporate
53 815
74 000
-
-
income
13 992
19 240
-
-
total
13 992
19 240
-
-
Dividends
39 824
54 760
-
-
withholding
5 974
8 214
-
-
total
5 974
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 028
27 454
41 135
38 883
After tax
44 972
46 546
32 865
35 117
Living cost
11 121
11 121
11 121
11 121
Free-cash
33 851
35 425
21 744
23 996

Estimated living cost  is ₴11121 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25557
₴19141
₴22545
₴24459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 528
total
-
-
-
38 117
Employee
27 466
-
74 000
-
municipal
146
-
393
-
national
4 351
-
15 180
-
regional
370
-
995
-
social contributions
9 262
-
24 953
-
total
14 129
-
41 521
-
Employer
27 466
-
74 000
-
total
-
-
-
-
Corporate
46 534
74 000
-
-
municipal
2 312
3 678
-
-
nationa
11 168
17 760
-
-
total
13 480
21 438
-
-
Dividends
33 054
52 562
-
-
withholding
8 594
13 667
-
-
total
8 594
13 667
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 203
35 105
41 521
38 117
After tax
37 797
38 895
32 479
35 883
Living cost
13 338
13 338
13 338
13 338
Free-cash
24 459
25 557
19 141
22 545

Estimated living cost  is ₴13338 per week

₴8295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35789
₴22392
₴24201
₴30382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 946
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
9 990
total
-
-
-
34 639
Employee
22 294
-
55 224
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
3 590
-
income
2 675
-
6 627
-
health
3 010
-
7 455
-
total
7 134
-
17 672
-
Employer
22 294
-
55 224
-
health
2 006
-
4 970
-
social contributions
5 573
-
13 806
-
total
7 579
-
18 776
-
Corporate
44 126
74 000
-
-
income
8 384
14 060
-
-
total
8 384
14 060
-
-
Dividends
35 742
59 940
-
-
withholding
5 361
8 991
-
-
total
5 361
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 458
23 051
36 448
34 639
After tax
45 542
50 949
37 552
39 361
Living cost
15 160
15 160
15 160
15 160
Free-cash
30 382
35 789
22 392
24 201

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴25327
₴3520
₴22213
₴25085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 532
surtax
-
-
-
-
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
296
health
-
-
-
4 425
pensions
-
-
-
10 701
total
-
-
-
35 991
Employee
21 644
19 732
57 461
-
other
216
197
575
-
unemployment
649
592
1 724
-
pensions
2 217
2 020
5 884
-
income
1 928
1 455
13 843
-
health
837
764
2 224
-
total
5 847
5 028
24 250
-
Employer
21 644
19 732
57 461
-
chamber of commerce
86
79
230
-
health
818
746
2 172
-
pensions
2 716
2 477
7 211
-
accident
281
257
747
-
unemployment
649
592
1 724
-
surtax
-
-
-
-
payroll
649
592
1 724
-
other
1 028
937
2 730
-
total
6 227
5 680
16 538
-
Corporate
46 128
48 589
55 582
-
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.

11 532
12 147
13 896
-
total
11 532
12 147
13 896
-
Dividends
34 596
36 442
-
-
withholding
9 513
10 022
-
-
total
9 513
10 022
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 119
32 877
54 684
35 991
After tax
40 881
41 123
19 316
38 009
Living cost
15 796
15 796
15 796
15 796
Free-cash
25 085
25 327
3 520
22 213

Estimated living cost  is ₴15796 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
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.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64081
₴52981
₴67041
₴62915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 774
-
74 000
-
income
1 555
-
14 800
-
total
1 555
-
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%.

66 226
74 000
-
-
total
-
-
-
-
Dividends
66 226
74 000
-
-
withholding
3 311
3 700
-
-
total
3 311
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 866
3 700
14 800
740
After tax
69 134
70 300
59 200
73 260
Living cost
6 219
6 219
6 219
6 219
Free-cash
62 915
64 081
52 981
67 041

Estimated living cost  is ₴6219 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37669
₴21572
₴23533
₴33528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 280
unemployment
-
-
-
111
health
-
-
-
7 282
pensions
-
-
-
13 514
total
-
-
-
37 187
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.

21 895
-
64 031
-
unemployment
31
-
89
-
pensions
3 394
-
9 925
-
income
3 776
-
15 028
-
health
1 414
-
4 136
-
total
8 615
-
29 178
-
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.

21 895
-
64 031
-
health
1 458
-
4 264
-
pensions
1 937
-
5 667
-
unemployment
13
-
39
-
total
3 408
-
9 970
-
Corporate
48 696
74 000
-
-
income
9 252
14 060
-
-
total
9 252
14 060
-
-
Dividends
39 444
59 940
-
-
withholding
5 917
8 991
-
-
total
5 917
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 192
23 051
39 148
37 187
After tax
46 808
50 949
34 852
36 813
Living cost
13 280
13 280
13 280
13 280
Free-cash
33 528
37 669
21 572
23 533

Estimated living cost  is ₴13280 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23342
₴45710
₴29460
-₴918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 086
-
-
-
social contributions
2 549
-
363
-
income
6 857
-
-
-
total
9 406
-
363
-
Employer
31 086
-
-
-
social contributions
43 832
-
6 247
-
total
43 832
-
6 247
-
Corporate
-
74 000
-
-
income
-
16 280
-
-
total
-
16 280
-
-
Dividends
-
57 720
-
-
income
-
12 698
-
-
total
-
12 698
-
-
Income
74 000
74 000
74 000
74 000
Total tax
53 238
28 978
6 610
22 860
After tax
20 762
45 022
67 390
51 140
Living cost
21 680
21 680
21 680
21 680
Free-cash
-918
23 342
45 710
29 460

Estimated living cost  is ₴21680 per week

₴14067
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.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26560
₴19337
₴24560
₴26062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 194
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
33 909
Employee
22 772
-
59 798
-
surtax
-
-
-
-
social contributions
2 505
-
6 578
-
income
4 737
-
18 352
-
total
7 242
-
24 930
-
Employer
22 772
-
59 798
-
social contributions
5 408
-
14 202
-
total
5 408
-
14 202
-
Corporate
45 820
74 000
-
-
income
9 622
15 540
-
-
surtax
-
-
-
-
total
9 622
15 540
-
-
Dividends
36 197
58 460
-
-
withholding
10 135
16 369
-
-
total
10 135
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 407
31 909
39 132
33 909
After tax
41 593
42 091
34 868
40 091
Living cost
15 531
15 531
15 531
15 531
Free-cash
26 062
26 560
19 337
24 560

Estimated living cost  is ₴15531 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13381
₴18229
₴18002
₴16785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 511
other
-
-
-
2 294
surtax
-
-
-
-
social contributions
-
-
-
2 108
health
-
-
-
2 716
pensions
-
-
-
14 455
total
-
-
-
32 084
Employee
31 011
-
58 079
-
pensions
3 508
-
3 703
-
surtax
-
-
-
-
social contributions
883
-
1 656
-
income
2 706
-
10 576
-
total
7 097
-
15 935
-
Employer
31 011
-
58 079
-
health
2 170
-
4 978
-
pensions
5 095
-
6 295
-
unemployment
1 256
-
2 352
-
social contributions
93
-
174
-
other
1 070
-
2 123
-
total
9 684
-
15 922
-
Corporate
33 304
74 000
-
-
income
9 325
20 720
-
-
surtax
-
-
-
-
total
9 325
20 720
-
-
Dividends
23 979
53 280
-
-
surtax
-
-
-
-
social contributions
4 125
9 165
-
-
withholding
3 070
6 820
-
-
total
7 195
15 985
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 301
36 705
31 857
32 084
After tax
40 699
37 295
42 143
41 916
Living cost
23 914
23 914
23 914
23 914
Free-cash
16 785
13 381
18 229
18 002

Estimated living cost  is ₴23914 per week

₴16185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51717
₴42038
₴40072
₴50053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 765
social contributions
-
-
-
16 280
total
-
-
-
19 045
Employee
15 918
-
64 069
-
income
-
-
2 983
-
social contributions
1 035
-
4 165
-
total
1 035
-
7 148
-
Employer
15 918
-
64 069
-
social contributions
2 467
-
9 931
-
total
2 467
-
9 931
-
Corporate
55 615
74 000
-
-
income
5 562
7 400
-
-
total
5 562
7 400
-
-
Dividends
50 053
66 600
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
9 064
7 400
17 079
19 045
After tax
64 936
66 600
56 921
54 955
Living cost
14 883
14 883
14 883
14 883
Free-cash
50 053
51 717
42 038
40 072

Estimated living cost  is ₴14883 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
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.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33822
-₴33822
₴20571
-₴33822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 024
national
-
-
-
8 257
pensions
-
-
-
429
total
-
-
-
29 596
Employee
100 594
100 594
100 594
-
municipal
21 421
21 421
21 421
-
labour market
8 036
8 036
8 036
-
pensions
143
143
143
-
national
12 289
12 289
12 289
-
total
41 889
41 889
41 889
-
Employer
100 594
100 594
100 594
-
national
12 311
12 311
12 311
-
labour market
8 048
8 048
8 048
-
pensions
286
286
286
-
municipal
21 455
21 455
21 455
-
total
42 100
42 100
42 100
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
83 989
83 989
83 989
29 596
After tax
-9 989
-9 989
-9 989
44 404
Living cost
23 833
23 833
23 833
23 833
Free-cash
-33 822
-33 822
-33 822
20 571

Estimated living cost  is ₴23833 per week

₴16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4880
₴28817
₴39764
₴4325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
23 362
Employee
17 105
-
65 764
-
pensions
1 926
-
3 827
-
income
2 347
-
14 716
-
health
1 959
-
7 530
-
total
6 232
-
26 073
-
Employer
17 105
-
65 764
-
pensions
2 781
-
5 527
-
accident
286
-
1 098
-
unemployment
419
-
1 611
-
total
3 486
-
8 236
-
Corporate
53 409
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.

48 068
66 600
-
-
total
48 068
66 600
-
-
Dividends
5 341
7 400
-
-
withholding
1 015
1 406
-
-
total
1 015
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 801
68 006
34 309
23 362
After tax
15 199
5 994
39 691
50 638
Living cost
10 874
10 874
10 874
10 874
Free-cash
4 325
-4 880
28 817
39 764

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28181
₴20650
₴30641
₴29111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
933
municipal
-
-
-
13 152
national
-
-
-
10 265
total
-
-
-
24 350
Employee
26 050
-
62 253
-
municipal
4 267
-
10 146
-
unemployment
391
-
934
-
pensions
1 758
-
4 202
-
national
430
-
6 560
-
health
194
-
752
-
total
7 040
-
22 594
-
Employer
26 050
-
62 253
-
health
200
-
479
-
pensions
4 519
-
10 801
-
accident
26
-
62
-
unemployment
169
-
405
-
total
4 914
-
11 747
-
Corporate
43 035
74 000
-
-
income
8 607
14 800
-
-
total
8 607
14 800
-
-
Dividends

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

25 821
44 400
-
-
municipal
4 648
7 992
-
-
national
671
4 018
-
-
total
5 319
12 010
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 880
26 810
34 341
24 350
After tax
48 120
47 190
39 659
49 650
Living cost
19 009
19 009
19 009
19 009
Free-cash
29 111
28 181
20 650
30 641

Estimated living cost  is ₴19009 per week

₴12417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42564
₴39090
₴39777
₴39869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 861
social contributions
-
-
-
8 011
health
-
-
-
1 887
total
-
-
-
22 759
Employee
38 073
38 073
68 471
-
social contributions
1 439
3 160
4 262
-
income
4 146
3 524
12 491
-
health
295
647
1 164
-
total
5 880
7 331
17 917
-
Employer
38 073
38 073
68 471
-
health
320
705
1 267
-
social contributions
1 439
3 160
4 262
-
total
1 759
3 865
5 529
-
Corporate
54 896
32 062
-
-
income
6 862
4 007
-
-
total
6 862
4 007
-
-
Dividends
48 035
28 055
-
-
withholding
8 166
4 769
-
-
total
8 166
4 769
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 667
19 972
23 446
22 759
After tax
51 333
54 028
50 554
51 241
Living cost
11 464
11 464
11 464
11 464
Free-cash
39 869
42 564
39 090
39 777

Estimated living cost  is ₴11464 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53419
₴43833
₴53763
₴50901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 420
unemployment
-
-
-
14
health
-
-
-
1 792
pensions
-
-
-
3 150
total
-
-
-
12 376
Employee

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

11 365
-
69 161
-
unemployment
56
-
235
-
pensions
1 704
-
7 047
-
income
777
-
6 192
-
health
966
-
3 993
-
total
3 503
-
17 467
-
Employer

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

11 365
-
69 161
-
health
489
-
2 020
-
pensions
625
-
2 584
-
unemployment
56
-
235
-
total
1 170
-
4 839
-
Corporate
61 465
74 000
-
-
income
5 531
6 660
-
-
total
5 531
6 660
-
-
Dividends
55 934
67 340
-
-
withholding
5 034
6 060
-
-
total
5 034
6 060
-
-
Income
74 000
74 000
74 000
74 000
Total tax
15 238
12 720
22 306
12 376
After tax
58 762
61 280
51 694
61 624
Living cost
7 861
7 861
7 861
7 861
Free-cash
50 901
53 419
43 833
53 763

Estimated living cost  is ₴7861 per week

₴5016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35870
₴25984
₴28062
₴33590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
18 556
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
32 323
Employee
18 308
-
59 369
-
other
18
-
46
-
unemployment
284
-
711
-
pensions
861
-
2 157
-
income
3 530
-
16 856
-
total
4 693
-
19 770
-
Employer
18 308
-
59 369
-
pensions
4 320
-
10 831
-
accident
363
-
909
-
unemployment
1 007
-
2 524
-
other
147
-
367
-
total
5 837
-
14 631
-
Corporate
49 855
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.

7 478
11 100
-
-
total
7 478
11 100
-
-
Dividends
42 377
62 900
-
-
withholding
8 786
13 415
-
-
total
8 786
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 794
24 515
34 401
32 323
After tax
47 206
49 485
39 599
41 677
Living cost
13 616
13 616
13 616
13 616
Free-cash
33 590
35 870
25 984
28 062

Estimated living cost  is ₴13616 per week

₴9190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45216
₴46508
₴46576
₴45057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 256
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
26 464
Employee
1 462
-
73 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
25 219
-
health
73
-
175
-
total
503
-
25 744
-
Employer
1 462
-
73 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
72 209
74 000
-
-
income
15 886
16 280
-
-
total
15 886
16 280
-
-
Dividends
56 323
57 720
-
-
withholding
11 265
11 544
-
-
total
11 265
11 544
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 983
27 824
26 532
26 464
After tax
46 017
46 176
47 468
47 536
Living cost
960
960
960
960
Free-cash
45 057
45 216
46 508
46 576

Estimated living cost  is ₴960 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44903
₴35177
₴35175
₴42466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 432
unemployment
-
-
-
549
health
-
-
-
3 769
pensions
-
-
-
9 513
total
-
-
-
30 263
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.

12 911
-
67 451
-
unemployment
97
-
274
-
pensions
1 808
-
5 122
-
income
1 780
-
16 432
-
health
665
-
1 884
-
total
4 350
-
23 712
-
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.

12 911
-
67 451
-
health
665
-
1 884
-
pensions
1 549
-
4 391
-
unemployment
97
-
274
-
total
2 311
-
6 549
-
Corporate
58 778
74 000
-
-
income
8 817
11 100
-
-
total
8 817
11 100
-
-
Dividends
49 961
62 900
-
-
withholding
7 494
9 435
-
-
total
7 494
9 435
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 972
20 535
30 261
30 263
After tax
51 028
53 465
43 739
43 737
Living cost
8 562
8 562
8 562
8 562
Free-cash
42 466
44 903
35 177
35 175

Estimated living cost  is ₴8562 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28743
₴21520
₴26743
₴28564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 194
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
33 909
Employee
19 217
-
59 798
-
surtax
-
-
-
-
social contributions
2 114
-
6 578
-
income
3 755
-
18 352
-
total
5 869
-
24 930
-
Employer
19 217
-
59 798
-
social contributions
4 564
-
14 202
-
total
4 564
-
14 202
-
Corporate
50 219
74 000
-
-
income
10 546
15 540
-
-
surtax
-
-
-
-
total
10 546
15 540
-
-
Dividends
39 673
58 460
-
-
withholding
11 109
16 369
-
-
total
11 109
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 088
31 909
39 132
33 909
After tax
41 912
42 091
34 868
40 091
Living cost
13 348
13 348
13 348
13 348
Free-cash
28 564
28 743
21 520
26 743

Estimated living cost  is ₴13348 per week

₴9454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32084
₴22198
₴24276
₴28627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
18 556
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
32 323
Employee
23 912
-
59 369
-
other
23
-
46
-
unemployment
370
-
711
-
pensions
1 124
-
2 157
-
income
4 994
-
16 856
-
total
6 511
-
19 770
-
Employer
23 912
-
59 369
-
pensions
5 643
-
10 831
-
accident
474
-
909
-
unemployment
1 315
-
2 524
-
other
192
-
367
-
total
7 624
-
14 631
-
Corporate
42 464
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.

6 370
11 100
-
-
total
6 370
11 100
-
-
Dividends
36 094
62 900
-
-
withholding
7 467
13 415
-
-
total
7 467
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 972
24 515
34 401
32 323
After tax
46 028
49 485
39 599
41 677
Living cost
17 401
17 401
17 401
17 401
Free-cash
28 627
32 084
22 198
24 276

Estimated living cost  is ₴17401 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54756
₴52530
₴49770
₴51739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
15 716
Employee
11 274
-
70 608
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
7 061
-
health
519
-
795
-
total
2 761
-
9 564
-
Employer
11 274
-
70 608
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
60 514
74 000
-
-
income
6 051
7 400
-
-
total
6 051
7 400
-
-
Dividends
54 463
66 600
-
-
withholding
2 723
3 330
-
-
total
2 723
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 747
10 730
12 956
15 716
After tax
60 253
63 270
61 044
58 284
Living cost
8 514
8 514
8 514
8 514
Free-cash
51 739
54 756
52 530
49 770

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
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.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18990
₴28915
₴21599
₴25465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 409
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.

-
-
-
1 177
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.

-
-
-
3 383
trade
-
-
-
7 316
total
-
-
-
33 285
Employee

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

24 636
-
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.

112
-
1 177
-
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.

2 026
-
21 409
-
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.

3 383
-
3 383
-
total
5 521
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 364
74 000
-
-
income
7 405
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.

407
611
-
-
chamber of commerce
148
183
-
-
trade
7 084
10 619
-
-
total
15 044
22 513
-
-
Dividends
34 321
51 486
-
-
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.

461
697
-
-
withholding
8 393
12 684
-
-
total
8 854
13 381
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 419
35 894
25 969
33 285
After tax
44 581
38 106
48 031
40 715
Living cost
19 116
19 116
19 116
19 116
Free-cash
25 465
18 990
28 915
21 599

Estimated living cost  is ₴19116 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23595
₴12339
₴12339
₴24688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 416
social contributions
-
-
-
12 040
total
-
-
-
33 456
Employee
38 730
-
74 000
-
income
7 308
-
21 416
-
social contributions
3 218
-
12 040
-
total
10 526
-
33 456
-
Employer
38 730
-
74 000
-
total
-
-
-
-
Corporate
35 270
74 000
-
-
income
4 409
9 250
-
-
total
4 409
9 250
-
-
Dividends
30 861
64 750
-
-
withholding
6 172
12 950
-
-
total
6 172
12 950
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 107
22 200
33 456
33 456
After tax
52 893
51 800
40 544
40 544
Living cost
28 205
28 205
28 205
28 205
Free-cash
24 688
23 595
12 339
12 339

Estimated living cost  is ₴28205 per week

₴21458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27511
₴35448
₴38954
₴29241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
74 000
income
-
-
-
14 094
health

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

-
-
-
2 979
total
-
-
-
17 073
Employee
22 714
-
71 722
-
income
2 465
-
16 023
-
social contributions
2 276
-
2 278
-
total
4 741
-
18 301
-
Employer
22 714
-
71 722
-
social contributions
2 276
-
2 278
-
total
2 276
-
2 278
-
Corporate
49 011
74 000
-
-
income
17 153
25 900
-
-
total
17 153
25 900
-
-
Dividends
31 857
48 100
-
-
social contributions
2 616
2 616
-
-
total
2 616
2 616
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 786
28 516
20 579
17 073
After tax
47 214
45 484
53 421
56 927
Living cost
17 973
17 973
17 973
17 973
Free-cash
29 241
27 511
35 448
38 954

Estimated living cost  is ₴17973 per week

₴11839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31552
₴25010
₴31776
₴34446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 827
pensions
-
-
-
4 167
total
-
-
-
23 994
Employee
25 023
-
64 759
-
pensions
1 910
-
5 216
-
income
4 557
-
15 316
-
health
326
-
987
-
total
6 793
-
21 519
-
Employer
25 023
-
64 759
-
health
476
-
1 230
-
pensions
2 528
-
8 011
-
total
3 004
-
9 241
-
Corporate
45 973
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.

8 734
14 060
-
-
total
8 734
14 060
-
-
Dividends
37 239
59 940
-
-
withholding
2 793
10 158
-
-
total
2 793
10 158
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 324
24 218
30 760
23 994
After tax
52 676
49 782
43 240
50 006
Living cost
18 230
18 230
18 230
18 230
Free-cash
34 446
31 552
25 010
31 776

Estimated living cost  is ₴18230 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5956
₴27741
₴38688
₴4162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
23 362
Employee
18 798
-
65 764
-
pensions
2 117
-
3 827
-
income
2 579
-
14 716
-
health
2 152
-
7 530
-
total
6 848
-
26 073
-
Employer
18 798
-
65 764
-
pensions
3 056
-
5 527
-
accident
314
-
1 098
-
unemployment
460
-
1 611
-
total
3 830
-
8 236
-
Corporate
51 371
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.

46 234
66 600
-
-
total
46 234
66 600
-
-
Dividends
5 137
7 400
-
-
withholding
976
1 406
-
-
total
976
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
57 888
68 006
34 309
23 362
After tax
16 112
5 994
39 691
50 638
Living cost
11 950
11 950
11 950
11 950
Free-cash
4 162
-5 956
27 741
38 688

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55583
₴44424
₴34961
₴53267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 001
unemployment
-
-
-
888
work injury
-
-
-
370
health insurance
-
-
-
5 476
pensions
-
-
-
13 616
total
-
-
-
32 351
Employee

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

10 700
-
74 000
-
health insurance
792
-
2 930
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
12 001
-
total
4 012
-
22 888
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 300
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%.

633
740
-
-
total
633
740
-
-
Dividends
62 667
73 260
-
-
withholding
9 400
10 989
-
-
total
9 400
10 989
-
-
Income
74 000
74 000
74 000
74 000
Total tax
14 045
11 729
22 888
32 351
After tax
59 955
62 271
51 112
41 649
Living cost
6 688
6 688
6 688
6 688
Free-cash
53 267
55 583
44 424
34 961

Estimated living cost  is ₴6688 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19253
₴12229
₴15539
₴17000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 680
municipal
-
-
-
495
national
-
-
-
17 528
total
-
-
-
38 736
Employee
41 723
-
74 000
-
municipal
249
-
442
-
national
7 051
-
15 180
-
regional
630
-
1 471
-
social contributions
14 069
-
24 953
-
total
21 999
-
42 046
-
Employer
41 723
-
74 000
-
total
-
-
-
-
Corporate
32 277
74 000
-
-
municipal
1 556
3 567
-
-
nationa
7 746
17 760
-
-
total
9 302
21 327
-
-
Dividends
22 975
52 673
-
-
withholding
5 974
13 695
-
-
total
5 974
13 695
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 275
35 022
42 046
38 736
After tax
36 725
38 978
31 954
35 264
Living cost
19 725
19 725
19 725
19 725
Free-cash
17 000
19 253
12 229
15 539

Estimated living cost  is ₴19725 per week

₴13855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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