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
₴33036
₴22350
₴25006
₴27826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
trade
-
-
-
8 030
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.

-
-
-
21 410
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.

-
-
-
3 382
total
-
-
-
33 999
Employee

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

18 935
-
74 000
-
health

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

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

3 382
-
3 382
-
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
-
21 410
-
total
3 940
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 065
74 000
-
-
chamber of commerce
154
181
-
-
trade
8 672
11 655
-
-
surtax

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

455
611
-
-
income
8 260
11 100
-
-
total
17 541
23 547
-
-
Dividends
37 523
50 453
-
-
withholding
9 193
12 425
-
-
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.

505
683
-
-
total
9 698
13 108
-
-
Income
74 000
74 000
74 000
74 000
Total tax
31 179
36 655
25 969
33 999
After tax
42 821
37 345
48 031
40 001
Living cost
14 995
14 995
14 995
14 995
Free-cash
27 826
22 350
33 036
25 006

Estimated living cost  is ₴14995 per week

₴9432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
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.
₴3534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18157
₴19777
₴17578
₴19337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 981
social contributions
-
-
-
795
national
-
-
-
12 367
pensions
-
-
-
8 880
total
-
-
-
30 023
Employee
40 923
-
63 972
-
pensions
1 637
-
2 559
-
national
7 833
-
12 811
-
municipal
5 055
-
8 268
-
total
14 525
-
23 638
-
Employer
40 923
-
63 972
-
pensions
3 274
-
5 118
-
social contributions
440
-
688
-
total
3 714
-
5 806
-
Corporate
26 662
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%.

5 332
14 800
-
-
total
5 332
14 800
-
-
Dividends
21 330
59 200
-
-
withholding
4 693
13 024
-
-
total
4 693
13 024
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 264
27 824
29 444
30 023
After tax
45 736
46 176
44 556
43 977
Living cost
26 399
26 399
26 399
26 399
Free-cash
19 337
19 777
18 157
17 578

Estimated living cost  is ₴26399 per week

₴17943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34787
₴48900
₴13768
₴44839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
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.

-
-
-
18 968
income
-
-
-
12 094
total
-
-
-
49 932
Employee
14 466
-
53 052
-
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.

1 591
-
5 836
-
surtax
-
-
-
-
income
2 575
-
10 296
-
total
4 166
-
16 132
-
Employer
14 466
-
53 052
-
surtax
-
-
-
-
social contributions

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

3 485
-
12 781
-
total
3 485
-
12 781
-
Corporate
56 049
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%.

11 210
14 800
-
-
total
11 210
14 800
-
-
Dividends

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

44 839
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
18 861
14 800
28 913
49 932
After tax
55 139
59 200
45 087
24 068
Living cost
10 300
10 300
10 300
10 300
Free-cash
44 839
48 900
34 787
13 768

Estimated living cost  is ₴10300 per week

₴6571
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
₴24062
₴15702
₴21034
₴12668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 322
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
32 227
Employee
42 277
42 277
64 800
-
health
6 489
5 519
6 105
-
pensions
7 610
5 800
5 800
-
income

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

6 920
6 920
8 094
-
total
21 019
18 239
19 999
-
Employer
42 277
42 277
64 800
-
unemployment
1 522
1 522
1 891
-
health
2 939
2 939
3 652
-
pensions
2 942
2 942
3 657
-
total
7 403
7 403
9 200
-
Corporate
24 839
24 320
-
-
income
4 968
4 864
-
-
total
4 968
4 864
-
-
Dividends
19 871
19 456
-
-
withholding
2 981
2 918
-
-
income
4 222
4 135
-
-
total
7 203
7 053
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 593
37 559
29 199
32 227
After tax
33 407
36 441
44 801
41 773
Living cost
20 739
20 739
20 739
20 739
Free-cash
12 668
15 702
24 062
21 034

Estimated living cost  is ₴20739 per week

₴14697
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴18392
₴20402
₴18878
₴19953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
18 280
other
-
-
-
5 094
unemployment
-
-
-
44
national
-
-
-
4 140
pensions
-
-
-
4 739
accident
-
-
-
88
health
-
-
-
2 735
total
-
-
-
35 120
Employee
28 501
-
60 227
-
national
-
-
3 872
-
municipal
8 499
-
17 960
-
total
8 499
-
21 832
-
Employer
28 501
-
60 227
-
unemployment
752
-
1 157
-
accident
57
-
88
-
health
1 753
-
2 696
-
pensions
3 081
-
4 739
-
other
3 312
-
5 094
-
total
8 955
-
13 774
-
Corporate
36 545
74 000
-
-
income
8 040
16 280
-
-
total
8 040
16 280
-
-
Dividends
28 505
57 720
-
-
withholding
8 551
17 316
-
-
total
8 551
17 316
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 045
33 596
35 606
35 120
After tax
39 955
40 404
38 394
38 880
Living cost
20 002
20 002
20 002
20 002
Free-cash
19 953
20 402
18 392
18 878

Estimated living cost  is ₴20002 per week

₴13256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28583
₴17516
₴20196
₴24472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
trade
-
-
-
8 387
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.

-
-
-
21 410
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.

-
-
-
3 382
total
-
-
-
34 356
Employee

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

25 106
-
74 000
-
health

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

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

3 382
-
3 382
-
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
-
21 410
-
total
5 657
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 894
74 000
-
-
chamber of commerce
145
180
-
-
trade
8 043
12 173
-
-
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
-
-
income
7 335
11 100
-
-
total
15 926
24 064
-
-
Dividends
32 969
49 936
-
-
withholding
8 054
12 296
-
-
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
676
-
-
total
8 497
12 972
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 080
37 036
25 969
34 356
After tax
43 920
36 964
48 031
39 644
Living cost
19 448
19 448
19 448
19 448
Free-cash
24 472
17 516
28 583
20 196

Estimated living cost  is ₴19448 per week

₴13007
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
₴34495
₴37969
₴35183
₴35915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 010
income
-
-
-
12 862
health
-
-
-
1 887
total
-
-
-
22 759
Employee
38 068
38 068
68 472
-
health
379
647
1 164
-
social contributions
1 850
3 159
4 262
-
income
3 998
3 524
12 493
-
total
6 227
7 330
17 919
-
Employer
38 068
38 068
68 472
-
health
412
705
1 266
-
social contributions
1 850
3 159
4 262
-
total
2 262
3 864
5 528
-
Corporate
49 454
32 068
-
-
income
6 182
4 009
-
-
total
6 182
4 009
-
-
Dividends
43 272
28 059
-
-
withholding
7 356
4 770
-
-
total
7 356
4 770
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 027
19 973
23 447
22 759
After tax
51 973
54 027
50 553
51 241
Living cost
16 058
16 058
16 058
16 058
Free-cash
35 915
37 969
34 495
35 183

Estimated living cost  is ₴16058 per week

₴10977
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
₴34034
₴32730
₴42399
₴32914
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

12 797
5 093
61 925
-
health
896
357
4 335
-
pensions
1 280
509
6 192
-
unemployment
192
76
929
-
income
1 564
623
7 570
-
total
3 932
1 565
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.

12 797
5 093
61 925
-
pensions
2 495
993
12 075
-
total
2 495
993
12 075
-
Corporate
58 707
67 914
-
-
income
5 284
6 112
-
-
total
5 284
6 112
-
-
Dividends
53 424
61 802
-
-
withholding
10 151
11 742
-
-
social contributions
10 359
11 993
-
-
total
20 510
23 735
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 221
32 405
31 101
22 736
After tax
41 779
41 595
42 899
51 264
Living cost
8 865
8 865
8 865
8 865
Free-cash
32 914
32 730
34 034
42 399

Estimated living cost  is ₴8865 per week

₴6050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30695
₴47242
₴27705
₴44166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
9 916
pensions
-
-
-
14 801
health
-
-
-
9 620
total
-
-
-
34 337
Employee
14 044
-
55 306
-
unemployment
225
-
885
-
pensions
281
-
1 106
-
income
1 581
-
10 663
-
total
2 087
-
12 654
-
Employer
14 044
-
55 306
-
unemployment
113
-
442
-
health
1 825
-
7 190
-
pensions
2 809
-
11 061
-
total
4 747
-
18 693
-
Corporate
55 208
74 000
-
-
income
11 042
14 800
-
-
total
11 042
14 800
-
-
Dividends
44 167
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
17 876
14 800
31 347
34 337
After tax
56 124
59 200
42 653
39 663
Living cost
11 958
11 958
11 958
11 958
Free-cash
44 166
47 242
30 695
27 705

Estimated living cost  is ₴11958 per week

₴8202
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.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴28630
-₴5062
₴39583
₴4299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
19 861
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
23 361
Employee
17 391
-
65 754
-
health
1 991
-
7 529
-
pensions
1 958
-
3 834
-
income
2 386
-
14 706
-
total
6 335
-
26 069
-
Employer
17 391
-
65 754
-
unemployment
426
-
1 611
-
accident
290
-
1 098
-
pensions
2 828
-
5 536
-
total
3 544
-
8 245
-
Corporate
53 065
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.

47 758
66 600
-
-
total
47 758
66 600
-
-
Dividends
5 307
7 400
-
-
withholding
1 008
1 406
-
-
total
1 008
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 645
68 006
34 314
23 361
After tax
15 355
5 994
39 686
50 639
Living cost
11 056
11 056
11 056
11 056
Free-cash
4 299
-5 062
28 630
39 583

Estimated living cost  is ₴11056 per week

₴8103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55190
₴66290
₴69250
₴65539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
74 000
microenterprise

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

-
-
-
740
total
-
-
-
740
Employee
5 012
-
74 000
-
income
1 002
-
14 800
-
total
1 002
-
14 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

68 988
74 000
-
-
total
-
-
-
-
Dividends
68 988
74 000
-
-
withholding
3 449
3 700
-
-
total
3 449
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 451
3 700
14 800
740
After tax
69 549
70 300
59 200
73 260
Living cost
4 010
4 010
4 010
4 010
Free-cash
65 539
66 290
55 190
69 250

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
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.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29064
₴41176
₴26005
₴37833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
other
-
-
-
3 515
income
-
-
-
10 272
pensions

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

-
-
-
17 760
health
-
-
-
3 256
total
-
-
-
34 803
Employee
17 975
-
59 106
-
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.

1 258
-
4 137
-
unemployment
179
-
591
-
income
3 095
-
11 293
-
total
4 784
-
16 849
-
Employer
17 975
-
59 106
-
unemployment
179
-
591
-
accident
144
-
473
-
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.

3 056
-
10 048
-
other
899
-
2 955
-
total
4 530
-
14 895
-
Corporate
51 494
74 000
-
-
income
10 813
15 540
-
-
total
10 813
15 540
-
-
Dividends
40 681
58 460
-
-
withholding
2 848
4 092
-
-
total
2 848
4 092
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 975
19 632
31 744
34 803
After tax
51 025
54 368
42 256
39 197
Living cost
13 192
13 192
13 192
13 192
Free-cash
37 833
41 176
29 064
26 005

Estimated living cost  is ₴13192 per week

₴9321
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
₴9999
₴16592
₴16773
₴15263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 683
pensions
-
-
-
4 209
total
-
-
-
23 892
Employee
47 165
-
64 771
-
health
777
-
993
-
pensions
4 550
-
5 277
-
income
8 502
-
15 167
-
total
13 829
-
21 437
-
Employer
47 165
-
64 771
-
health
896
-
1 231
-
pensions
5 569
-
7 998
-
total
6 465
-
9 229
-
Corporate
20 371
74 000
-
-
income

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

3 871
14 060
-
-
total
3 871
14 060
-
-
Dividends
16 500
59 940
-
-
withholding
1 237
10 013
-
-
total
1 237
10 013
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 402
24 073
30 666
23 892
After tax
48 598
49 927
43 334
50 108
Living cost
33 335
33 335
33 335
33 335
Free-cash
15 263
16 592
9 999
16 773

Estimated living cost  is ₴33335 per week

₴24979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54547
₴56776
₴51787
₴54476
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
15 719
Employee
8 599
-
70 606
-
health
395
-
796
-
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.

755
-
1 519
-
income
860
-
7 060
-
total
2 105
-
9 565
-
Employer
8 599
-
70 606
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 194
-
pensions

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

948
-
1 906
-
total
1 687
-
3 394
-
Corporate
63 714
74 000
-
-
income
6 371
7 400
-
-
total
6 371
7 400
-
-
Dividends
57 343
66 600
-
-
withholding
2 867
3 330
-
-
total
2 867
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 030
10 730
12 959
15 719
After tax
60 970
63 270
61 041
58 281
Living cost
6 494
6 494
6 494
6 494
Free-cash
54 476
56 776
54 547
51 787

Estimated living cost  is ₴6494 per week

₴3791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17349
₴8989
₴14321
₴10233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 322
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
32 227
Employee
45 899
42 277
64 800
-
health
5 726
5 519
6 105
-
pensions
5 800
5 800
5 800
-
income

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

6 920
6 920
8 094
-
total
18 446
18 239
19 999
-
Employer
45 899
42 277
64 800
-
unemployment
1 653
1 522
1 891
-
health
3 190
2 939
3 652
-
pensions
3 194
2 942
3 657
-
total
8 037
7 403
9 200
-
Corporate
20 065
24 320
-
-
income
4 013
4 864
-
-
total
4 013
4 864
-
-
Dividends
16 052
19 456
-
-
withholding
2 408
2 918
-
-
income
3 411
4 135
-
-
total
5 819
7 053
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 315
37 559
29 199
32 227
After tax
37 685
36 441
44 801
41 773
Living cost
27 452
27 452
27 452
27 452
Free-cash
10 233
8 989
17 349
14 321

Estimated living cost  is ₴27452 per week

₴20251
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.
₴4435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25455
₴38852
₴27516
₴34536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
6 990
health
-
-
-
9 990
total
-
-
-
34 387
Employee
17 790
-
55 224
-
health
2 402
-
7 455
-
social contributions
1 156
-
3 590
-
solidarity contribution
-
-
-
-
income
2 135
-
6 627
-
total
5 693
-
17 672
-
Employer
17 790
-
55 224
-
health
1 601
-
4 970
-
social contributions
4 447
-
13 806
-
total
6 048
-
18 776
-
Corporate
50 162
74 000
-
-
income
9 531
14 060
-
-
total
9 531
14 060
-
-
Dividends
40 631
59 940
-
-
withholding
6 095
8 991
-
-
total
6 095
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 367
23 051
36 448
34 387
After tax
46 633
50 949
37 552
39 613
Living cost
12 097
12 097
12 097
12 097
Free-cash
34 536
38 852
25 455
27 516

Estimated living cost  is ₴12097 per week

₴8403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11827
₴18592
₴15248
₴16008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
440
social contributions
-
-
-
19 033
national
-
-
-
17 529
regional
-
-
-
860
total
-
-
-
37 862
Employee
43 999
-
74 000
-
social contributions
14 836
-
24 953
-
national
7 624
-
15 180
-
regional
415
-
757
-
municipal
233
-
393
-
total
23 108
-
41 283
-
Employer
43 999
-
74 000
-
total
-
-
-
-
Corporate
30 001
74 000
-
-
municipal
1 170
2 886
-
-
nationa
7 200
17 760
-
-
total
8 370
20 646
-
-
Dividends
21 632
53 354
-
-
withholding
5 624
13 872
-
-
total
5 624
13 872
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 102
34 518
41 283
37 862
After tax
36 898
39 482
32 717
36 138
Living cost
20 890
20 890
20 890
20 890
Free-cash
16 008
18 592
11 827
15 248

Estimated living cost  is ₴20890 per week

₴14562
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.
₴4637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21939
₴35622
₴24192
₴34079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
2 626
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
18 239
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
38 884
Employee
16 372
-
61 131
-
health
418
-
1 559
-
pensions
1 092
-
4 077
-
unemployment
1 140
-
4 255
-
surtax
54
-
2 271
-
other
-
-
-
-
income
2 744
-
16 106
-
total
5 448
-
28 268
-
Employer
16 372
-
61 131
-
unemployment
519
-
1 938
-
health
745
-
2 782
-
pensions
2 182
-
8 149
-
other
-
-
-
-
total
3 446
-
12 869
-
Corporate
54 182
74 000
-
-
income
14 088
19 240
-
-
total
14 088
19 240
-
-
Dividends
40 095
54 760
-
-
withholding
6 015
8 214
-
-
total
6 015
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 997
27 454
41 137
38 884
After tax
45 003
46 546
32 863
35 116
Living cost
10 924
10 924
10 924
10 924
Free-cash
34 079
35 622
21 939
24 192

Estimated living cost  is ₴10924 per week

₴6680
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
₴20560
₴27153
₴27334
₴28749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 683
pensions
-
-
-
4 209
total
-
-
-
23 892
Employee
31 608
-
64 771
-
health
459
-
993
-
pensions
2 683
-
5 277
-
income
5 693
-
15 167
-
total
8 835
-
21 437
-
Employer
31 608
-
64 771
-
health
600
-
1 231
-
pensions
3 422
-
7 998
-
total
4 022
-
9 229
-
Corporate
38 369
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.

7 290
14 060
-
-
total
7 290
14 060
-
-
Dividends
31 079
59 940
-
-
withholding
2 330
10 013
-
-
total
2 330
10 013
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 477
24 073
30 666
23 892
After tax
51 523
49 927
43 334
50 108
Living cost
22 774
22 774
22 774
22 774
Free-cash
28 749
27 153
20 560
27 334

Estimated living cost  is ₴22774 per week

₴17062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17874
-₴5316
₴21469
₴11435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
780
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
national
-
-
-
883
pensions
-
-
-
6 808
regional
-
-
-
3 258
health
-
-
-
167
total
-
-
-
13 376
Employee
45 822
-
66 235
-
health
104
-
149
-
pensions
3 850
-
5 563
-
unemployment
-
-
-
-
city
492
-
712
-
national
217
-
712
-
regional
1 500
-
2 799
-
total
6 163
-
9 935
-
Employer
45 822
-
66 235
-
unemployment
-
-
-
-
health
104
-
149
-
pensions
3 850
-
5 563
-
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.

916
-
1 324
-
total
4 870
-
7 036
-
Corporate
22 805
74 000
-
-
regional
4 823
15 651
-
-
national
1 939
6 290
-
-
total
6 762
21 941
-
-
Dividends
16 043
52 059
-
-
withholding
5 615
18 220
-
-
total
5 615
18 220
-
-
Income
74 000
74 000
74 000
74 000
Total tax
23 410
40 161
16 971
13 376
After tax
50 590
33 839
57 029
60 624
Living cost
39 155
39 155
39 155
39 155
Free-cash
11 435
-5 316
17 874
21 469

Estimated living cost  is ₴39155 per week

₴25462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3514
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.
₴9699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25352
₴13905
₴16608
₴21932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
trade
-
-
-
8 744
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.

-
-
-
21 410
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.

-
-
-
3 382
total
-
-
-
34 713
Employee

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

29 753
-
74 000
-
health

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

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

3 382
-
3 382
-
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
-
21 410
-
total
7 074
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 247
74 000
-
-
chamber of commerce
137
179
-
-
trade
7 588
12 691
-
-
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
-
-
income
6 637
11 100
-
-
total
14 727
24 581
-
-
Dividends
29 519
49 419
-
-
withholding
7 192
12 166
-
-
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
-
-
total
7 588
12 835
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 389
37 416
25 969
34 713
After tax
44 611
36 584
48 031
39 287
Living cost
22 679
22 679
22 679
22 679
Free-cash
21 932
13 905
25 352
16 608

Estimated living cost  is ₴22679 per week

₴16564
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
₴25205
₴20358
₴24977
₴23281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 294
social contributions
-
-
-
2 108
income
-
-
-
10 513
pensions
-
-
-
14 453
health
-
-
-
2 717
total
-
-
-
32 085
Employee
21 188
-
58 078
-
social contributions
604
-
1 655
-
pensions
2 396
-
3 703
-
surtax
-
-
-
-
income
1 250
-
10 576
-
total
4 250
-
15 934
-
Employer
21 188
-
58 078
-
unemployment
858
-
2 352
-
health
1 483
-
4 978
-
pensions
3 481
-
6 296
-
other
731
-
2 123
-
social contributions
64
-
174
-
total
6 617
-
15 923
-
Corporate
46 195
74 000
-
-
surtax
-
-
-
-
income
12 935
20 720
-
-
total
12 935
20 720
-
-
Dividends
33 260
53 280
-
-
withholding
4 258
6 820
-
-
surtax
-
-
-
-
social contributions
5 721
9 164
-
-
total
9 979
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 781
36 704
31 857
32 085
After tax
40 219
37 296
42 143
41 915
Living cost
16 938
16 938
16 938
16 938
Free-cash
23 281
20 358
25 205
24 977

Estimated living cost  is ₴16938 per week

₴10680
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.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26883
₴22036
₴26655
₴24787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 294
social contributions
-
-
-
2 108
income
-
-
-
10 513
pensions
-
-
-
14 453
health
-
-
-
2 717
total
-
-
-
32 085
Employee
18 913
-
58 078
-
social contributions
539
-
1 655
-
pensions
2 139
-
3 703
-
surtax
-
-
-
-
income
975
-
10 576
-
total
3 653
-
15 934
-
Employer
18 913
-
58 078
-
unemployment
766
-
2 352
-
health
1 324
-
4 978
-
pensions
3 108
-
6 296
-
other
653
-
2 123
-
social contributions
56
-
174
-
total
5 907
-
15 923
-
Corporate
49 180
74 000
-
-
surtax
-
-
-
-
income
13 770
20 720
-
-
total
13 770
20 720
-
-
Dividends
35 410
53 280
-
-
withholding
4 532
6 820
-
-
surtax
-
-
-
-
social contributions
6 091
9 164
-
-
total
10 623
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 953
36 704
31 857
32 085
After tax
40 047
37 296
42 143
41 915
Living cost
15 260
15 260
15 260
15 260
Free-cash
24 787
22 036
26 883
26 655

Estimated living cost  is ₴15260 per week

₴8850
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
₴35887
₴34649
₴37025
₴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
social contributions
-
-
-
10 212
income
-
-
-
11 100
health
-
-
-
5 165
total
-
-
-
26 477
Employee
16 786
-
74 000
-
health
1 172
-
5 165
-
social contributions
2 317
-
10 212
-
income
2 800
-
12 238
-
total
6 289
-
27 615
-
Employer
16 786
-
74 000
-
total
-
-
-
-
Corporate
57 214
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%.

2 861
3 700
-
-
total
2 861
3 700
-
-
Dividends
54 354
70 300
-
-
withholding
8 153
10 545
-
-
health
3 794
4 907
-
-
social contributions
7 501
9 701
-
-
total
19 448
25 153
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 598
28 853
27 615
26 477
After tax
45 402
45 147
46 385
47 523
Living cost
10 498
10 498
10 498
10 498
Free-cash
34 904
34 649
35 887
37 025

Estimated living cost  is ₴10498 per week

₴7025
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
₴1857
₴23626
₴20468
₴22861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
98
chamber of commerce
-
-
-
296
unemployment
-
-
-
3 036
income
-
-
-
17 534
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
36 088
Employee
24 741
19 729
57 386
-
health
957
764
2 221
-
pensions
2 534
2 020
5 876
-
unemployment
742
592
1 721
-
other
247
197
574
-
income
2 817
1 455
13 819
-
total
7 297
5 028
24 211
-
Employer
24 741
19 729
57 386
-
unemployment
742
592
1 721
-
payroll
742
592
1 721
-
accident
321
256
746
-
health
935
746
2 169
-
pensions
3 105
2 476
7 202
-
other
1 175
937
2 725
-
surtax
98
98
98
-
chamber of commerce
99
79
229
-
total
7 217
5 776
16 611
-
Corporate
42 042
48 495
55 509
-
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.

10 510
12 124
13 877
-
total
10 510
12 124
13 877
-
Dividends
31 532
36 371
-
-
withholding
8 671
10 002
-
-
total
8 671
10 002
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 695
32 930
54 699
36 088
After tax
40 305
41 070
19 301
37 912
Living cost
17 444
17 444
17 444
17 444
Free-cash
22 861
23 626
1 857
20 468

Estimated living cost  is ₴17444 per week

₴11635
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.
₴4035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8740
₴23362
₴14288
₴15937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
11 565
communal

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

-
-
-
3 746
national
-
-
-
26 350
total
-
-
-
41 661
Employee

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

35 413
-
57 316
-
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
-
2 694
-
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
-
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
-
national
10 887
-
20 044
-
communal

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

1 847
-
2 989
-
total
17 362
-
30 525
-
Employer

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

35 413
-
57 316
-
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
-
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
-
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
-
3 525
-
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
-
surtax
4 015
-
6 499
-
total
10 308
-
16 684
-
Corporate
28 279
74 000
-
-
surtax
113
296
-
-
income
5 656
14 800
-
-
total
5 769
15 096
-
-
Dividends
22 511
58 904
-
-
withholding

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

6 573
17 491
-
-
total
6 573
17 491
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 012
32 587
47 209
41 661
After tax
33 988
41 413
26 791
32 339
Living cost
18 051
18 051
18 051
18 051
Free-cash
15 937
23 362
8 740
14 288

Estimated living cost  is ₴18051 per week

₴11627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
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.
₴4563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21722
₴31606
₴23798
₴27982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
18 557
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
32 323
Employee
24 643
-
59 371
-
pensions
1 158
-
2 157
-
unemployment
382
-
711
-
other
24
-
46
-
income
5 200
-
16 858
-
total
6 764
-
19 772
-
Employer
24 643
-
59 371
-
unemployment
1 356
-
2 523
-
accident
488
-
908
-
pensions
5 815
-
10 829
-
other
196
-
367
-
total
7 855
-
14 627
-
Corporate
41 502
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
35 277
62 900
-
-
withholding
7 295
13 415
-
-
total
7 295
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 139
24 515
34 399
32 323
After tax
45 861
49 485
39 601
41 677
Living cost
17 879
17 879
17 879
17 879
Free-cash
27 982
31 606
21 722
23 798

Estimated living cost  is ₴17879 per week

₴13166
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
₴14110
₴17120
₴11160
₴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
surtax
-
-
-
3 669
income
-
-
-
10 675
communal
-
-
-
4 677
pensions
-
-
-
11 092
accident
-
-
-
624
health
-
-
-
5 199
total
-
-
-
35 936
Employee
37 491
-
66 101
-
health
1 669
-
2 942
-
pensions
2 999
-
5 288
-
surtax
2 298
-
4 051
-
income
3 621
-
12 806
-
total
10 587
-
25 087
-
Employer
37 491
-
66 101
-
accident
337
-
595
-
health
1 143
-
2 016
-
pensions
2 999
-
5 288
-
total
4 479
-
7 899
-
Corporate
32 029
74 000
-
-
communal
2 162
4 995
-
-
surtax
336
777
-
-
income
4 805
11 100
-
-
total
7 303
16 872
-
-
Dividends
24 727
57 128
-
-
withholding
3 709
8 569
-
-
income
9 548
4 535
-
-
total
13 257
13 104
-
-
Income
74 000
74 000
74 000
74 000
Total tax
35 626
29 976
32 986
35 936
After tax
38 374
44 024
41 014
38 064
Living cost
26 904
26 904
26 904
26 904
Free-cash
11 470
17 120
14 110
11 160

Estimated living cost  is ₴26904 per week

₴20182
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.
₴4806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21743
₴35426
₴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
surtax
-
-
-
2 626
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
18 239
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
38 884
Employee
16 672
-
61 131
-
health
426
-
1 559
-
pensions
1 112
-
4 077
-
unemployment
1 160
-
4 255
-
surtax
59
-
2 271
-
other
-
-
-
-
income
2 795
-
16 106
-
total
5 552
-
28 268
-
Employer
16 672
-
61 131
-
unemployment
529
-
1 938
-
health
758
-
2 782
-
pensions
2 223
-
8 149
-
other
-
-
-
-
total
3 510
-
12 869
-
Corporate
53 818
74 000
-
-
income
13 993
19 240
-
-
total
13 993
19 240
-
-
Dividends
39 825
54 760
-
-
withholding
5 974
8 214
-
-
total
5 974
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 029
27 454
41 137
38 884
After tax
44 971
46 546
32 863
35 116
Living cost
11 120
11 120
11 120
11 120
Free-cash
33 851
35 426
21 743
23 996

Estimated living cost  is ₴11120 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
₴19143
₴25560
₴22546
₴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
municipal
-
-
-
440
social contributions
-
-
-
19 033
national
-
-
-
17 529
regional
-
-
-
1 116
total
-
-
-
38 118
Employee
27 462
-
74 000
-
social contributions
9 261
-
24 953
-
national
4 351
-
15 180
-
regional
370
-
995
-
municipal
146
-
393
-
total
14 128
-
41 521
-
Employer
27 462
-
74 000
-
total
-
-
-
-
Corporate
46 538
74 000
-
-
municipal
2 313
3 678
-
-
nationa
11 170
17 760
-
-
total
13 483
21 438
-
-
Dividends
33 055
52 562
-
-
withholding
8 594
13 666
-
-
total
8 594
13 666
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 205
35 104
41 521
38 118
After tax
37 795
38 896
32 479
35 882
Living cost
13 336
13 336
13 336
13 336
Free-cash
24 459
25 560
19 143
22 546

Estimated living cost  is ₴13336 per week

₴8294
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
₴22645
₴36042
₴24706
₴30724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
6 990
health
-
-
-
9 990
total
-
-
-
34 387
Employee
21 922
-
55 224
-
health
2 959
-
7 455
-
social contributions
1 425
-
3 590
-
solidarity contribution
-
-
-
-
income
2 631
-
6 627
-
total
7 015
-
17 672
-
Employer
21 922
-
55 224
-
health
1 973
-
4 970
-
social contributions
5 480
-
13 806
-
total
7 453
-
18 776
-
Corporate
44 625
74 000
-
-
income
8 479
14 060
-
-
total
8 479
14 060
-
-
Dividends
36 146
59 940
-
-
withholding
5 422
8 991
-
-
total
5 422
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 369
23 051
36 448
34 387
After tax
45 631
50 949
37 552
39 613
Living cost
14 907
14 907
14 907
14 907
Free-cash
30 724
36 042
22 645
24 706

Estimated living cost  is ₴14907 per week

₴11086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴826
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.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3522
₴25330
₴22216
₴25086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
296
unemployment
-
-
-
3 036
income
-
-
-
17 534
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
35 990
Employee
21 641
19 729
57 462
-
health
837
764
2 224
-
pensions
2 216
2 020
5 884
-
unemployment
649
592
1 724
-
other
216
197
575
-
income
1 928
1 455
13 844
-
total
5 846
5 028
24 251
-
Employer
21 641
19 729
57 462
-
unemployment
649
592
1 724
-
payroll
649
592
1 724
-
accident
281
256
747
-
health
818
746
2 172
-
pensions
2 716
2 476
7 211
-
other
1 028
937
2 729
-
surtax
-
-
-
-
chamber of commerce
86
79
230
-
total
6 227
5 678
16 537
-
Corporate
46 131
48 593
55 583
-
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.

11 533
12 148
13 896
-
total
11 533
12 148
13 896
-
Dividends
34 598
36 444
-
-
withholding
9 514
10 022
-
-
total
9 514
10 022
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 120
32 876
54 684
35 990
After tax
40 880
41 124
19 316
38 010
Living cost
15 794
15 794
15 794
15 794
Free-cash
25 086
25 330
3 522
22 216

Estimated living cost  is ₴15794 per week

₴9475
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.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52952
₴64052
₴67012
₴62881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 810
-
74 000
-
income
1 562
-
14 800
-
total
1 562
-
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%.

66 190
74 000
-
-
total
-
-
-
-
Dividends
66 190
74 000
-
-
withholding
3 309
3 700
-
-
total
3 309
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 871
3 700
14 800
740
After tax
69 129
70 300
59 200
73 260
Living cost
6 248
6 248
6 248
6 248
Free-cash
62 881
64 052
52 952
67 012

Estimated living cost  is ₴6248 per week

₴4228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21572
₴37670
₴23534
₴33530
S + D Salary + Dividends

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

Dividends

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

Salary

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

21 892
-
64 030
-
health
1 414
-
4 137
-
pensions
3 393
-
9 925
-
unemployment
31
-
89
-
income
3 775
-
15 028
-
total
8 613
-
29 179
-
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.

21 892
-
64 030
-
unemployment
13
-
39
-
health
1 458
-
4 264
-
pensions
1 937
-
5 667
-
total
3 408
-
9 970
-
Corporate
48 700
74 000
-
-
income
9 253
14 060
-
-
total
9 253
14 060
-
-
Dividends
39 447
59 940
-
-
withholding
5 917
8 991
-
-
total
5 917
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 191
23 051
39 149
37 187
After tax
46 809
50 949
34 851
36 813
Living cost
13 279
13 279
13 279
13 279
Free-cash
33 530
37 670
21 572
23 534

Estimated living cost  is ₴13279 per week

₴9113
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
₴46289
₴23786
₴29904
₴376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 436
income
-
-
-
14 424
total
-
-
-
22 860
Employee
30 449
-
-
-
social contributions
2 497
-
356
-
income
6 716
-
-
-
total
9 213
-
356
-
Employer
30 449
-
-
-
social contributions
42 933
-
6 119
-
total
42 933
-
6 119
-
Corporate
618
74 000
-
-
income
136
16 280
-
-
total
136
16 280
-
-
Dividends
482
57 720
-
-
income
106
12 698
-
-
total
106
12 698
-
-
Income
74 000
74 000
74 000
74 000
Total tax
52 388
28 978
6 475
22 860
After tax
21 612
45 022
67 525
51 140
Living cost
21 236
21 236
21 236
21 236
Free-cash
376
23 786
46 289
29 904

Estimated living cost  is ₴21236 per week

₴13779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19339
₴26562
₴24562
₴26063
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
25 715
income
-
-
-
8 194
total
-
-
-
33 909
Employee
22 769
-
59 798
-
social contributions
2 505
-
6 577
-
surtax
-
-
-
-
income
4 736
-
18 353
-
total
7 241
-
24 930
-
Employer
22 769
-
59 798
-
social contributions
5 408
-
14 202
-
total
5 408
-
14 202
-
Corporate
45 823
74 000
-
-
surtax
-
-
-
-
income
9 623
15 540
-
-
total
9 623
15 540
-
-
Dividends
36 200
58 460
-
-
withholding
10 136
16 369
-
-
total
10 136
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 408
31 909
39 132
33 909
After tax
41 592
42 091
34 868
40 091
Living cost
15 529
15 529
15 529
15 529
Free-cash
26 063
26 562
19 339
24 562

Estimated living cost  is ₴15529 per week

₴11619
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
₴18232
₴13385
₴18004
₴16789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 294
social contributions
-
-
-
2 108
income
-
-
-
10 513
pensions
-
-
-
14 453
health
-
-
-
2 717
total
-
-
-
32 085
Employee
31 007
-
58 078
-
social contributions
883
-
1 655
-
pensions
3 507
-
3 703
-
surtax
-
-
-
-
income
2 705
-
10 576
-
total
7 095
-
15 934
-
Employer
31 007
-
58 078
-
unemployment
1 256
-
2 352
-
health
2 170
-
4 978
-
pensions
5 095
-
6 296
-
other
1 070
-
2 123
-
social contributions
93
-
174
-
total
9 684
-
15 923
-
Corporate
33 309
74 000
-
-
surtax
-
-
-
-
income
9 326
20 720
-
-
total
9 326
20 720
-
-
Dividends
23 982
53 280
-
-
withholding
3 069
6 820
-
-
surtax
-
-
-
-
social contributions
4 126
9 164
-
-
total
7 195
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 300
36 704
31 857
32 085
After tax
40 700
37 296
42 143
41 915
Living cost
23 911
23 911
23 911
23 911
Free-cash
16 789
13 385
18 232
18 004

Estimated living cost  is ₴23911 per week

₴16183
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.
₴5444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42038
₴51718
₴40072
₴50055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 766
social contributions
-
-
-
16 280
total
-
-
-
19 046
Employee
15 916
-
64 069
-
social contributions
1 034
-
4 165
-
income
-
-
2 984
-
total
1 034
-
7 149
-
Employer
15 916
-
64 069
-
social contributions
2 467
-
9 931
-
total
2 467
-
9 931
-
Corporate
55 617
74 000
-
-
income
5 562
7 400
-
-
total
5 562
7 400
-
-
Dividends
50 055
66 600
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
9 063
7 400
17 080
19 046
After tax
64 937
66 600
56 920
54 954
Living cost
14 882
14 882
14 882
14 882
Free-cash
50 055
51 718
42 038
40 072

Estimated living cost  is ₴14882 per week

₴9622
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
-₴33866
-₴33866
₴20564
-₴33866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 022
labour market
-
-
-
5 886
national
-
-
-
8 256
pensions
-
-
-
429
total
-
-
-
29 593
Employee
100 636
100 636
100 636
-
pensions
143
143
143
-
national
12 294
12 294
12 294
-
labour market
8 039
8 039
8 039
-
municipal
21 430
21 430
21 430
-
total
41 906
41 906
41 906
-
Employer
100 636
100 636
100 636
-
pensions
286
286
286
-
national
12 316
12 316
12 316
-
labour market
8 051
8 051
8 051
-
municipal
21 464
21 464
21 464
-
total
42 117
42 117
42 117
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
84 023
84 023
84 023
29 593
After tax
-10 023
-10 023
-10 023
44 407
Living cost
23 843
23 843
23 843
23 843
Free-cash
-33 866
-33 866
-33 866
20 564

Estimated living cost  is ₴23843 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
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.
₴5049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28794
-₴4898
₴39747
₴4324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
19 861
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
23 361
Employee
17 135
-
65 754
-
health
1 962
-
7 529
-
pensions
1 929
-
3 834
-
income
2 351
-
14 706
-
total
6 242
-
26 069
-
Employer
17 135
-
65 754
-
unemployment
420
-
1 611
-
accident
286
-
1 098
-
pensions
2 786
-
5 536
-
total
3 492
-
8 245
-
Corporate
53 373
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.

48 036
66 600
-
-
total
48 036
66 600
-
-
Dividends
5 337
7 400
-
-
withholding
1 014
1 406
-
-
total
1 014
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
58 784
68 006
34 314
23 361
After tax
15 216
5 994
39 686
50 639
Living cost
10 892
10 892
10 892
10 892
Free-cash
4 324
-4 898
28 794
39 747

Estimated living cost  is ₴10892 per week

₴7929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
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.
₴2139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20652
₴28183
₴30641
₴29110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 152
national
-
-
-
10 267
health
-
-
-
933
total
-
-
-
24 352
Employee
26 047
-
62 253
-
health
194
-
753
-
pensions
1 758
-
4 202
-
unemployment
391
-
934
-
national
430
-
6 560
-
municipal
4 266
-
10 145
-
total
7 039
-
22 594
-
Employer
26 047
-
62 253
-
unemployment
169
-
405
-
accident
26
-
62
-
health
200
-
479
-
pensions
4 519
-
10 801
-
total
4 914
-
11 747
-
Corporate
43 039
74 000
-
-
income
8 608
14 800
-
-
total
8 608
14 800
-
-
Dividends

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

25 824
44 400
-
-
national
673
4 018
-
-
municipal
4 649
7 992
-
-
total
5 322
12 010
-
-
Income
74 000
74 000
74 000
74 000
Total tax
25 883
26 810
34 341
24 352
After tax
48 117
47 190
39 659
49 648
Living cost
19 007
19 007
19 007
19 007
Free-cash
29 110
28 183
20 652
30 641

Estimated living cost  is ₴19007 per week

₴12415
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
₴39091
₴42565
₴39779
₴39872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
social contributions
-
-
-
8 010
income
-
-
-
12 862
health
-
-
-
1 887
total
-
-
-
22 759
Employee
38 068
38 068
68 472
-
health
295
647
1 164
-
social contributions
1 439
3 159
4 262
-
income
4 145
3 524
12 493
-
total
5 879
7 330
17 919
-
Employer
38 068
38 068
68 472
-
health
320
705
1 266
-
social contributions
1 439
3 159
4 262
-
total
1 759
3 864
5 528
-
Corporate
54 899
32 068
-
-
income
6 862
4 009
-
-
total
6 862
4 009
-
-
Dividends
48 037
28 059
-
-
withholding
8 166
4 770
-
-
total
8 166
4 770
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 666
19 973
23 447
22 759
After tax
51 334
54 027
50 553
51 241
Living cost
11 462
11 462
11 462
11 462
Free-cash
39 872
42 565
39 091
39 779

Estimated living cost  is ₴11462 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
₴43834
₴53419
₴53765
₴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
unemployment
-
-
-
14
income
-
-
-
7 420
pensions
-
-
-
3 149
health
-
-
-
1 792
total
-
-
-
12 375
Employee

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

11 364
-
69 162
-
health
966
-
3 993
-
pensions
1 704
-
7 046
-
unemployment
56
-
235
-
income
777
-
6 193
-
total
3 503
-
17 467
-
Employer

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

11 364
-
69 162
-
unemployment
56
-
235
-
health
489
-
2 020
-
pensions
625
-
2 584
-
total
1 170
-
4 839
-
Corporate
61 467
74 000
-
-
income
5 532
6 660
-
-
total
5 532
6 660
-
-
Dividends
55 935
67 340
-
-
withholding
5 034
6 061
-
-
total
5 034
6 061
-
-
Income
74 000
74 000
74 000
74 000
Total tax
15 239
12 721
22 306
12 375
After tax
58 761
61 279
51 694
61 625
Living cost
7 860
7 860
7 860
7 860
Free-cash
50 901
53 419
43 834
53 765

Estimated living cost  is ₴7860 per week

₴5015
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.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25987
₴35871
₴28063
₴33592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
18 557
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
32 323
Employee
18 306
-
59 371
-
pensions
861
-
2 157
-
unemployment
284
-
711
-
other
18
-
46
-
income
3 529
-
16 858
-
total
4 692
-
19 772
-
Employer
18 306
-
59 371
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
pensions
4 320
-
10 829
-
other
147
-
367
-
total
5 837
-
14 627
-
Corporate
49 858
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
42 380
62 900
-
-
withholding
8 787
13 415
-
-
total
8 787
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 794
24 515
34 399
32 323
After tax
47 206
49 485
39 601
41 677
Living cost
13 614
13 614
13 614
13 614
Free-cash
33 592
35 871
25 987
28 063

Estimated living cost  is ₴13614 per week

₴9189
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
₴46428
₴45168
₴46500
₴45002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 224
pensions
-
-
-
735
health
-
-
-
533
total
-
-
-
26 492
Employee
1 535
-
73 173
-
health
77
-
184
-
pensions
138
-
331
-
unemployment
15
-
37
-
income
297
-
25 185
-
total
527
-
25 737
-
Employer
1 535
-
73 173
-
unemployment
31
-
74
-
health
146
-
349
-
pensions
169
-
404
-
total
346
-
827
-
Corporate
72 119
74 000
-
-
income
15 866
16 280
-
-
total
15 866
16 280
-
-
Dividends
56 253
57 720
-
-
withholding
11 251
11 544
-
-
total
11 251
11 544
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 990
27 824
26 564
26 492
After tax
46 010
46 176
47 436
47 508
Living cost
1 008
1 008
1 008
1 008
Free-cash
45 002
45 168
46 428
46 500

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35173
₴44902
₴35173
₴42465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
549
income
-
-
-
16 432
pensions
-
-
-
9 514
health
-
-
-
3 769
total
-
-
-
30 264
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.

12 913
-
67 450
-
health
665
-
1 885
-
pensions
1 808
-
5 123
-
unemployment
97
-
274
-
income
1 780
-
16 432
-
total
4 350
-
23 714
-
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.

12 913
-
67 450
-
unemployment
97
-
274
-
health
665
-
1 885
-
pensions
1 550
-
4 391
-
total
2 312
-
6 550
-
Corporate
58 776
74 000
-
-
income
8 816
11 100
-
-
total
8 816
11 100
-
-
Dividends
49 960
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
30 264
30 264
After tax
51 028
53 465
43 736
43 736
Living cost
8 563
8 563
8 563
8 563
Free-cash
42 465
44 902
35 173
35 173

Estimated living cost  is ₴8563 per week

₴5766
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
₴21521
₴28744
₴26744
₴28566
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
25 715
income
-
-
-
8 194
total
-
-
-
33 909
Employee
19 215
-
59 798
-
social contributions
2 114
-
6 577
-
surtax
-
-
-
-
income
3 754
-
18 353
-
total
5 868
-
24 930
-
Employer
19 215
-
59 798
-
social contributions
4 563
-
14 202
-
total
4 563
-
14 202
-
Corporate
50 222
74 000
-
-
surtax
-
-
-
-
income
10 547
15 540
-
-
total
10 547
15 540
-
-
Dividends
39 676
58 460
-
-
withholding
11 109
16 369
-
-
total
11 109
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 087
31 909
39 132
33 909
After tax
41 913
42 091
34 868
40 091
Living cost
13 347
13 347
13 347
13 347
Free-cash
28 566
28 744
21 521
26 744

Estimated living cost  is ₴13347 per week

₴9453
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
₴22202
₴32086
₴24278
₴28628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
18 557
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
32 323
Employee
23 910
-
59 371
-
pensions
1 124
-
2 157
-
unemployment
370
-
711
-
other
23
-
46
-
income
4 994
-
16 858
-
total
6 511
-
19 772
-
Employer
23 910
-
59 371
-
unemployment
1 315
-
2 523
-
accident
474
-
908
-
pensions
5 643
-
10 829
-
other
192
-
367
-
total
7 624
-
14 627
-
Corporate
42 468
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
36 098
62 900
-
-
withholding
7 468
13 415
-
-
total
7 468
13 415
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 973
24 515
34 399
32 323
After tax
46 027
49 485
39 601
41 677
Living cost
17 399
17 399
17 399
17 399
Free-cash
28 628
32 086
22 202
24 278

Estimated living cost  is ₴17399 per week

₴12495
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
₴52521
₴54750
₴49761
₴51731
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
15 719
Employee
11 282
-
70 606
-
health
519
-
796
-
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
-
1 519
-
income
1 128
-
7 060
-
total
2 761
-
9 565
-
Employer
11 282
-
70 606
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
779
-
1 194
-
pensions

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

1 243
-
1 906
-
total
2 214
-
3 394
-
Corporate
60 505
74 000
-
-
income
6 051
7 400
-
-
total
6 051
7 400
-
-
Dividends
54 454
66 600
-
-
withholding
2 723
3 330
-
-
total
2 723
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 749
10 730
12 959
15 719
After tax
60 251
63 270
61 041
58 281
Living cost
8 520
8 520
8 520
8 520
Free-cash
51 731
54 750
52 521
49 761

Estimated living cost  is ₴8520 per week

₴5635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
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.
₴2194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28918
₴18992
₴21602
₴25469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
trade
-
-
-
7 316
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.

-
-
-
21 410
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.

-
-
-
3 382
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.

24 633
-
74 000
-
health

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

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

3 382
-
3 382
-
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
-
21 410
-
total
5 520
-
25 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 367
74 000
-
-
chamber of commerce
147
183
-
-
trade
7 085
10 619
-
-
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.

408
611
-
-
income
7 405
11 100
-
-
total
15 045
22 513
-
-
Dividends
34 322
51 487
-
-
withholding
8 392
12 684
-
-
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
698
-
-
total
8 853
13 382
-
-
Income
74 000
74 000
74 000
74 000
Total tax
29 418
35 895
25 969
33 285
After tax
44 582
38 105
48 031
40 715
Living cost
19 113
19 113
19 113
19 113
Free-cash
25 469
18 992
28 918
21 602

Estimated living cost  is ₴19113 per week

₴13185
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12342
₴23599
₴12342
₴24693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 417
social contributions
-
-
-
12 040
total
-
-
-
33 457
Employee
38 725
-
74 000
-
social contributions
3 217
-
12 040
-
income
7 307
-
21 417
-
total
10 524
-
33 457
-
Employer
38 725
-
74 000
-
total
-
-
-
-
Corporate
35 275
74 000
-
-
income
4 409
9 250
-
-
total
4 409
9 250
-
-
Dividends
30 866
64 750
-
-
withholding
6 173
12 950
-
-
total
6 173
12 950
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 106
22 200
33 457
33 457
After tax
52 894
51 800
40 543
40 543
Living cost
28 201
28 201
28 201
28 201
Free-cash
24 693
23 599
12 342
12 342

Estimated living cost  is ₴28201 per week

₴21455
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
₴35450
₴27513
₴38921
₴29244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 092
health

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

-
-
-
3 016
total
-
-
-
17 108
Employee
22 711
-
71 723
-
social contributions
2 275
-
2 277
-
income
2 464
-
16 025
-
total
4 739
-
18 302
-
Employer
22 711
-
71 723
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
49 014
74 000
-
-
income
17 155
25 900
-
-
total
17 155
25 900
-
-
Dividends
31 859
48 100
-
-
social contributions
2 616
2 616
-
-
total
2 616
2 616
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 785
28 516
20 579
17 108
After tax
47 215
45 484
53 421
56 892
Living cost
17 971
17 971
17 971
17 971
Free-cash
29 244
27 513
35 450
38 921

Estimated living cost  is ₴17971 per week

₴11838
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
₴24820
₴31413
₴31594
₴34117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 683
pensions
-
-
-
4 209
total
-
-
-
23 892
Employee
25 414
-
64 771
-
health
332
-
993
-
pensions
1 940
-
5 277
-
income
4 628
-
15 167
-
total
6 900
-
21 437
-
Employer
25 414
-
64 771
-
health
483
-
1 231
-
pensions
2 568
-
7 998
-
total
3 051
-
9 229
-
Corporate
45 536
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.

8 652
14 060
-
-
total
8 652
14 060
-
-
Dividends
36 883
59 940
-
-
withholding
2 766
10 013
-
-
total
2 766
10 013
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 369
24 073
30 666
23 892
After tax
52 631
49 927
43 334
50 108
Living cost
18 514
18 514
18 514
18 514
Free-cash
34 117
31 413
24 820
31 594

Estimated living cost  is ₴18514 per week

₴12701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27715
-₴5977
₴38668
₴4159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
19 861
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
23 361
Employee
18 831
-
65 754
-
health
2 156
-
7 529
-
pensions
2 120
-
3 834
-
income
2 583
-
14 706
-
total
6 859
-
26 069
-
Employer
18 831
-
65 754
-
unemployment
461
-
1 611
-
accident
314
-
1 098
-
pensions
3 062
-
5 536
-
total
3 837
-
8 245
-
Corporate
51 332
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.

46 199
66 600
-
-
total
46 199
66 600
-
-
Dividends
5 133
7 400
-
-
withholding
975
1 406
-
-
total
975
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
57 870
68 006
34 314
23 361
After tax
16 130
5 994
39 686
50 639
Living cost
11 971
11 971
11 971
11 971
Free-cash
4 159
-5 977
27 715
38 668

Estimated living cost  is ₴11971 per week

₴8785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴44415
₴55579
₴34958
₴53261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
888
health insurance
-
-
-
5 476
income
-
-
-
12 000
pensions
-
-
-
13 616
work injury
-
-
-
370
total
-
-
-
32 350
Employee

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

10 707
-
74 000
-
pensions
1 970
-
7 289
-
unemployment
128
-
475
-
work injury
54
-
198
-
health insurance
792
-
2 931
-
income
1 071
-
12 000
-
total
4 015
-
22 893
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 293
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
62 661
73 260
-
-
withholding
9 399
10 989
-
-
total
9 399
10 989
-
-
Income
74 000
74 000
74 000
74 000
Total tax
14 047
11 729
22 893
32 350
After tax
59 953
62 271
51 107
41 650
Living cost
6 692
6 692
6 692
6 692
Free-cash
53 261
55 579
44 415
34 958

Estimated living cost  is ₴6692 per week

₴4146
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.
₴1851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12232
₴19256
₴15541
₴17004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
495
social contributions
-
-
-
19 033
national
-
-
-
17 529
regional
-
-
-
1 680
total
-
-
-
38 737
Employee
41 718
-
74 000
-
social contributions
14 067
-
24 953
-
national
7 050
-
15 180
-
regional
630
-
1 471
-
municipal
249
-
442
-
total
21 996
-
42 046
-
Employer
41 718
-
74 000
-
total
-
-
-
-
Corporate
32 282
74 000
-
-
municipal
1 556
3 567
-
-
nationa
7 748
17 760
-
-
total
9 304
21 327
-
-
Dividends
22 979
52 673
-
-
withholding
5 974
13 695
-
-
total
5 974
13 695
-
-
Income
74 000
74 000
74 000
74 000
Total tax
37 274
35 022
42 046
38 737
After tax
36 726
38 978
31 954
35 263
Living cost
19 722
19 722
19 722
19 722
Free-cash
17 004
19 256
12 232
15 541

Estimated living cost  is ₴19722 per week

₴13854
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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