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
₴24312
₴29064
₴25607
₴34116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 509
income

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

-
-
-
22 688
health

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

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

-
-
-
2 935
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.

-
-
-
1 247
total
-
-
-
35 379
Employee

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

16 433
-
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.

2 935
-
2 935
-
surtax

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

25
-
1 247
-
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.

459
-
22 688
-
total
3 419
-
26 870
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 567
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.

475
611
-
-
income
8 635
11 100
-
-
trade
9 067
11 655
-
-
chamber of commerce
148
171
-
-
total
18 325
23 537
-
-
Dividends
39 242
50 463
-
-
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.

531
685
-
-
withholding
9 647
12 452
-
-
total
10 178
13 137
-
-
Income
74 000
74 000
74 000
74 000
Total tax
31 922
36 674
26 870
35 379
After tax
42 078
37 326
47 130
38 621
Living cost
13 014
13 014
13 014
13 014
Free-cash
29 064
24 312
34 116
25 607

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24496
₴24135
₴22001
₴22481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 097
pensions
-
-
-
8 880
national
-
-
-
12 547
social contributions
-
-
-
795
total
-
-
-
30 319
Employee
33 608
-
63 972
-
municipal
4 151
-
8 384
-
pensions
1 344
-
2 559
-
national
6 433
-
13 090
-
total
11 928
-
24 033
-
Employer
33 608
-
63 972
-
social contributions
361
-
688
-
pensions
2 689
-
5 118
-
total
3 050
-
5 806
-
Corporate
35 124
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%.

7 025
14 800
-
-
total
7 025
14 800
-
-
Dividends
28 099
59 200
-
-
withholding
6 182
13 024
-
-
total
6 182
13 024
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 185
27 824
29 839
30 319
After tax
45 815
46 176
44 161
43 681
Living cost
21 680
21 680
21 680
21 680
Free-cash
24 135
24 496
22 481
22 001

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50261
₴46737
₴16453
₴21935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
income
-
-
-
13 276
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.

-
-
-
16 462
total
-
-
-
48 608
Employee
12 555
-
55 554
-
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.

1 381
-
5 632
-
surtax
-
-
8 056
-
income
2 235
-
10 992
-
total
3 616
-
24 680
-
Employer
12 555
-
55 554
-
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.

3 024
-
12 335
-
surtax
-
-
6 111
-
total
3 024
-
18 446
-
Corporate
58 421
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%.

11 684
14 800
-
-
total
11 684
14 800
-
-
Dividends

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

46 737
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
18 324
14 800
43 126
48 608
After tax
55 676
59 200
30 874
25 392
Living cost
8 939
8 939
8 939
8 939
Free-cash
46 737
50 261
21 935
16 453

Estimated living cost  is ₴8939 per week

₴5703
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.
₴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.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18613
₴15980
₴22972
₴28053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 697
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
33 029
Employee
36 691
36 691
66 015
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
9 632
-
pensions
6 604
5 034
5 034
-
total
18 242
15 830
19 964
-
Employer
36 691
36 691
66 015
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 550
2 550
3 169
-
total
6 425
6 425
7 984
-
Corporate
31 335
30 884
-
-
income
6 267
6 177
-
-
total
6 267
6 177
-
-
Dividends
25 068
24 707
-
-
income
5 327
5 250
-
-
withholding
3 760
3 706
-
-
total
9 087
8 956
-
-
Income
74 000
74 000
74 000
74 000
Total tax
40 021
37 388
27 948
33 029
After tax
33 979
36 612
46 052
40 971
Living cost
17 999
17 999
17 999
17 999
Free-cash
15 980
18 613
28 053
22 972

Estimated living cost  is ₴17999 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23737
₴23361
₴21305
₴20901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 911
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 245
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
6 534
total
-
-
-
36 028
Employee
23 749
-
62 523
-
municipal
7 082
-
18 644
-
national
-
-
6 311
-
total
7 082
-
24 955
-
Employer
23 749
-
62 523
-
accident
48
-
73
-
other
2 760
-
4 245
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 477
-
Corporate
42 790
74 000
-
-
income
9 414
16 280
-
-
total
9 414
16 280
-
-
Dividends
33 376
57 720
-
-
withholding
10 013
17 316
-
-
total
10 013
17 316
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 972
33 596
36 432
36 028
After tax
40 028
40 404
37 568
37 972
Living cost
16 667
16 667
16 667
16 667
Free-cash
23 361
23 737
20 901
21 305

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20066
₴26104
₴21364
₴30251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 887
income

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

-
-
-
22 688
health

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

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

-
-
-
2 935
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.

-
-
-
1 247
total
-
-
-
35 757
Employee

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

21 789
-
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.

2 935
-
2 935
-
surtax

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

103
-
1 247
-
income

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

1 872
-
22 688
-
total
4 910
-
26 870
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 211
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.

431
611
-
-
income
7 831
11 100
-
-
trade
8 589
12 173
-
-
chamber of commerce
139
170
-
-
total
16 990
24 054
-
-
Dividends
35 221
49 946
-
-
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.

475
678
-
-
withholding
8 642
12 323
-
-
total
9 117
13 001
-
-
Income
74 000
74 000
74 000
74 000
Total tax
31 017
37 055
26 870
35 757
After tax
42 983
36 945
47 130
38 243
Living cost
16 879
16 879
16 879
16 879
Free-cash
26 104
20 066
30 251
21 364

Estimated living cost  is ₴16879 per week

₴11288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
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.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40053
₴38272
₴36727
₴36073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
14 498
health
-
-
-
1 887
social contributions
-
-
-
6 952
total
-
-
-
23 337
Employee
33 038
33 038
69 025
-
social contributions
1 605
2 742
3 698
-
health
329
562
1 173
-
income
3 469
3 058
14 145
-
total
5 403
6 362
19 016
-
Employer
33 038
33 038
69 025
-
social contributions
1 605
2 742
3 698
-
health
358
612
1 277
-
total
1 963
3 354
4 975
-
Corporate
52 698
37 608
-
-
income
6 587
4 701
-
-
total
6 587
4 701
-
-
Dividends
46 110
32 907
-
-
withholding
7 839
5 594
-
-
total
7 839
5 594
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 792
20 011
23 991
23 337
After tax
52 208
53 989
50 009
50 663
Living cost
13 936
13 936
13 936
13 936
Free-cash
38 272
40 053
36 073
36 727

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33774
₴33937
₴43465
₴35101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

11 256
4 480
61 925
-
health
788
314
4 335
-
income
1 376
548
7 570
-
pensions
1 126
448
6 192
-
unemployment
169
67
929
-
total
3 459
1 377
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.

11 256
4 480
61 925
-
pensions
2 195
874
12 075
-
total
2 195
874
12 075
-
Corporate
60 549
68 647
-
-
income
5 449
6 178
-
-
total
5 449
6 178
-
-
Dividends
55 100
62 468
-
-
social contributions
10 693
12 130
-
-
withholding
10 469
11 869
-
-
total
21 162
23 999
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 265
32 428
31 101
22 737
After tax
41 735
41 572
42 899
51 263
Living cost
7 798
7 798
7 798
7 798
Free-cash
33 937
33 774
35 101
43 465

Estimated living cost  is ₴7798 per week

₴5321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48822
₴46153
₴29287
₴32274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 799
health
-
-
-
9 620
total
-
-
-
34 335
Employee
12 189
-
55 307
-
income
1 372
-
10 663
-
pensions
244
-
1 106
-
unemployment
195
-
885
-
total
1 811
-
12 654
-
Employer
12 189
-
55 307
-
unemployment
98
-
443
-
pensions
2 438
-
11 061
-
health
1 584
-
7 190
-
total
4 120
-
18 694
-
Corporate
57 691
74 000
-
-
income
11 538
14 800
-
-
total
11 538
14 800
-
-
Dividends
46 154
59 200
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
17 469
14 800
31 348
34 335
After tax
56 531
59 200
42 652
39 665
Living cost
10 378
10 378
10 378
10 378
Free-cash
46 153
48 822
32 274
29 287

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3436
₴4548
₴41162
₴30714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
108
income
-
-
-
20 423
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
23 408
Employee
14 834
-
66 536
-
health
1 698
-
7 618
-
income
2 035
-
15 505
-
pensions
1 670
-
3 270
-
total
5 403
-
26 393
-
Employer
14 834
-
66 536
-
accident
248
-
1 111
-
unemployment
363
-
1 630
-
pensions
2 412
-
4 722
-
total
3 023
-
7 463
-
Corporate
56 143
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.

50 529
66 600
-
-
total
50 529
66 600
-
-
Dividends
5 614
7 400
-
-
withholding
1 067
1 406
-
-
total
1 067
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
60 022
68 006
33 856
23 408
After tax
13 978
5 994
40 144
50 592
Living cost
9 430
9 430
9 430
9 430
Free-cash
4 548
-3 436
30 714
41 162

Estimated living cost  is ₴9430 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66407
₴65677
₴69367
₴55307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
74 000
microenterprise

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

-
-
-
740
total
-
-
-
740
Employee
4 866
-
74 000
-
income
973
-
14 800
-
total
973
-
14 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

69 134
74 000
-
-
total
-
-
-
-
Dividends
69 134
74 000
-
-
withholding
3 457
3 700
-
-
total
3 457
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 430
3 700
14 800
740
After tax
69 570
70 300
59 200
73 260
Living cost
3 893
3 893
3 893
3 893
Free-cash
65 677
66 407
55 307
69 367

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42920
₴40016
₴29625
₴30531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 267
pensions

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

-
-
-
15 681
other
-
-
-
3 103
health
-
-
-
2 875
total
-
-
-
32 926
Employee
15 600
-
59 105
-
health
219
-
828
-
income
2 686
-
11 569
-
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.

1 092
-
4 138
-
unemployment
156
-
591
-
total
4 153
-
17 126
-
Employer
15 600
-
59 105
-
accident
125
-
473
-
other
780
-
2 955
-
unemployment
156
-
591
-
pensions

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

2 652
-
10 048
-
health
219
-
828
-
total
3 932
-
14 895
-
Corporate
54 468
74 000
-
-
income
11 438
15 540
-
-
total
11 438
15 540
-
-
Dividends
43 030
58 460
-
-
withholding
3 012
4 092
-
-
total
3 012
4 092
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 535
19 632
32 021
32 926
After tax
51 465
54 368
41 979
41 074
Living cost
11 448
11 448
11 448
11 448
Free-cash
40 016
42 920
30 531
29 625

Estimated living cost  is ₴11448 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19909
₴20847
₴20488
₴13782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 980
pensions
-
-
-
3 829
total
-
-
-
24 809
Employee
40 611
-
64 658
-
health
669
-
943
-
income
7 321
-
16 508
-
pensions
3 918
-
4 721
-
total
11 908
-
22 172
-
Employer
40 611
-
64 658
-
pensions
4 795
-
8 114
-
health
771
-
1 229
-
total
5 566
-
9 343
-
Corporate
27 823
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.

5 286
14 060
-
-
total
5 286
14 060
-
-
Dividends
22 536
59 940
-
-
withholding
1 690
11 328
-
-
total
1 690
11 328
-
-
Income
74 000
74 000
74 000
74 000
Total tax
24 450
25 388
31 515
24 809
After tax
49 550
48 612
42 485
49 191
Living cost
28 703
28 703
28 703
28 703
Free-cash
20 847
19 909
13 782
20 488

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57637
₴55640
₴53260
₴56144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 100
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
15 107
Employee
7 458
-
71 056
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
7 106
-
pensions

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

655
-
1 318
-
total
1 826
-
9 279
-
Employer
7 458
-
71 056
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
65 078
74 000
-
-
income
6 508
7 400
-
-
total
6 508
7 400
-
-
Dividends
58 570
66 600
-
-
withholding
2 929
3 330
-
-
total
2 929
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
12 727
10 730
12 223
15 107
After tax
61 273
63 270
61 777
58 893
Living cost
5 633
5 633
5 633
5 633
Free-cash
55 640
57 637
56 144
53 260

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴12787
₴13868
₴17146
₴22227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 697
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
33 029
Employee
39 834
36 691
66 015
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
9 632
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
19 964
-
Employer
39 834
36 691
66 015
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 550
3 169
-
total
6 974
6 425
7 984
-
Corporate
27 191
30 884
-
-
income
5 438
6 177
-
-
total
5 438
6 177
-
-
Dividends
21 753
24 707
-
-
income
4 622
5 250
-
-
withholding
3 263
3 706
-
-
total
7 885
8 956
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 307
37 388
27 948
33 029
After tax
37 693
36 612
46 052
40 971
Living cost
23 825
23 825
23 825
23 825
Free-cash
13 868
12 787
22 227
17 146

Estimated living cost  is ₴23825 per week

₴17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40675
₴37010
₴31568
₴28307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 384
health
-
-
-
9 990
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 784
total
-
-
-
32 158
Employee
15 109
-
56 277
-
social contributions
982
-
3 291
-
health
2 040
-
7 597
-
solidarity contribution
-
-
-
-
income
1 813
-
6 808
-
total
4 835
-
17 696
-
Employer
15 109
-
56 277
-
social contributions
3 777
-
12 658
-
health
1 360
-
5 065
-
total
5 137
-
17 723
-
Corporate
53 754
74 000
-
-
income
10 213
14 060
-
-
total
10 213
14 060
-
-
Dividends
43 540
59 940
-
-
withholding
6 531
8 991
-
-
total
6 531
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 716
23 051
35 419
32 158
After tax
47 284
50 949
38 581
41 842
Living cost
10 274
10 274
10 274
10 274
Free-cash
37 010
40 675
28 307
31 568

Estimated living cost  is ₴10274 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21352
₴19109
₴17335
₴13992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
439
regional
-
-
-
872
national
-
-
-
18 191
social contributions
-
-
-
19 033
total
-
-
-
38 535
Employee
38 185
-
74 000
-
social contributions
12 876
-
24 953
-
regional
360
-
769
-
municipal
202
-
392
-
national
6 617
-
15 764
-
total
20 055
-
41 878
-
Employer
38 185
-
74 000
-
total
-
-
-
-
Corporate
35 815
74 000
-
-
nationa
8 595
17 760
-
-
municipal
1 397
2 886
-
-
total
9 992
20 646
-
-
Dividends
25 823
53 354
-
-
withholding
6 714
13 872
-
-
total
6 714
13 872
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 761
34 518
41 878
38 535
After tax
37 239
39 482
32 122
35 465
Living cost
18 130
18 130
18 130
18 130
Free-cash
19 109
21 352
13 992
17 335

Estimated living cost  is ₴18130 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37065
₴35728
₴25558
₴22927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 230
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
3 093
total
-
-
-
38 961
Employee
14 208
-
61 930
-
other
-
-
-
-
health
363
-
1 462
-
surtax
46
-
2 584
-
income
2 382
-
17 660
-
pensions
947
-
3 825
-
unemployment
989
-
3 991
-
total
4 727
-
29 522
-
Employer
14 208
-
61 930
-
other
-
-
-
-
unemployment
450
-
1 817
-
pensions
1 894
-
7 644
-
health
647
-
2 609
-
total
2 991
-
12 070
-
Corporate
56 801
74 000
-
-
income
14 768
19 240
-
-
total
14 768
19 240
-
-
Dividends
42 033
54 760
-
-
withholding
6 305
8 214
-
-
total
6 305
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 791
27 454
41 592
38 961
After tax
45 209
46 546
32 408
35 039
Living cost
9 481
9 481
9 481
9 481
Free-cash
35 728
37 065
22 927
25 558

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29003
₴31838
₴29582
₴22876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 980
pensions
-
-
-
3 829
total
-
-
-
24 809
Employee
27 216
-
64 658
-
health
395
-
943
-
income
4 902
-
16 508
-
pensions
2 310
-
4 721
-
total
7 607
-
22 172
-
Employer
27 216
-
64 658
-
pensions
2 946
-
8 114
-
health
517
-
1 229
-
total
3 463
-
9 343
-
Corporate
43 320
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.

8 231
14 060
-
-
total
8 231
14 060
-
-
Dividends
35 090
59 940
-
-
withholding
3 252
11 328
-
-
total
3 252
11 328
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 553
25 388
31 515
24 809
After tax
51 447
48 612
42 485
49 191
Living cost
19 609
19 609
19 609
19 609
Free-cash
31 838
29 003
22 876
29 582

Estimated living cost  is ₴19609 per week

₴14691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1163
₴15143
₴27261
₴23848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 808
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 480
regional
-
-
-
3 630
health
-
-
-
166
national
-
-
-
1 199
total
-
-
-
14 063
Employee
38 240
-
66 234
-
city
410
-
712
-
regional
1 252
-
3 127
-
health
86
-
149
-
pensions
3 213
-
5 563
-
unemployment
-
-
-
-
national
181
-
889
-
total
5 142
-
10 440
-
Employer
38 240
-
66 234
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

765
-
1 324
-
unemployment
-
-
-
-
pensions
3 213
-
5 563
-
health
86
-
149
-
total
4 064
-
7 036
-
Corporate
31 276
74 000
-
-
regional
6 615
15 651
-
-
national
2 659
6 290
-
-
total
9 274
21 941
-
-
Dividends
22 002
52 059
-
-
withholding
7 701
18 220
-
-
total
7 701
18 220
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 181
40 161
17 476
14 063
After tax
47 819
33 839
56 524
59 937
Living cost
32 676
32 676
32 676
32 676
Free-cash
15 143
1 163
23 848
27 261

Estimated living cost  is ₴32676 per week

₴21249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16880
₴23851
₴18182
₴27447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 265
income

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

-
-
-
22 688
health

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

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

-
-
-
2 935
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.

-
-
-
1 247
total
-
-
-
36 135
Employee

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

25 821
-
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.

2 935
-
2 935
-
surtax

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

167
-
1 247
-
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.

3 036
-
22 688
-
total
6 138
-
26 870
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 179
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.

397
611
-
-
income
7 226
11 100
-
-
trade
8 263
12 691
-
-
chamber of commerce
133
170
-
-
total
16 019
24 572
-
-
Dividends
32 160
49 429
-
-
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.

433
671
-
-
withholding
7 876
12 194
-
-
total
8 309
12 865
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 466
37 437
26 870
36 135
After tax
43 534
36 563
47 130
37 865
Living cost
19 683
19 683
19 683
19 683
Free-cash
23 851
16 880
27 447
18 182

Estimated living cost  is ₴19683 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22596
₴25136
₴27029
₴26148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 437
pensions
-
-
-
13 356
other
-
-
-
2 294
health
-
-
-
3 076
surtax
-
-
-
-
social contributions
-
-
-
2 108
total
-
-
-
32 271
Employee
18 388
-
57 435
-
social contributions
524
-
1 636
-
surtax
-
-
-
-
income
1 085
-
11 025
-
pensions
2 079
-
3 926
-
total
3 688
-
16 587
-
Employer
18 388
-
57 435
-
other
634
-
2 212
-
social contributions
55
-
172
-
unemployment
744
-
2 326
-
pensions
3 021
-
6 621
-
health
1 287
-
5 234
-
total
5 741
-
16 565
-
Corporate
49 869
74 000
-
-
surtax
-
-
-
-
income
13 964
20 720
-
-
total
13 964
20 720
-
-
Dividends
35 905
53 280
-
-
surtax
-
-
-
-
social contributions
6 175
9 164
-
-
withholding
4 596
6 820
-
-
total
10 771
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 164
36 704
33 152
32 271
After tax
39 836
37 296
40 848
41 729
Living cost
14 700
14 700
14 700
14 700
Free-cash
25 136
22 596
26 148
27 029

Estimated living cost  is ₴14700 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24053
₴26439
₴28486
₴27605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 437
pensions
-
-
-
13 356
other
-
-
-
2 294
health
-
-
-
3 076
surtax
-
-
-
-
social contributions
-
-
-
2 108
total
-
-
-
32 271
Employee
16 414
-
57 435
-
social contributions
468
-
1 636
-
surtax
-
-
-
-
income
846
-
11 025
-
pensions
1 857
-
3 926
-
total
3 171
-
16 587
-
Employer
16 414
-
57 435
-
other
567
-
2 212
-
social contributions
49
-
172
-
unemployment
665
-
2 326
-
pensions
2 697
-
6 621
-
health
1 149
-
5 234
-
total
5 127
-
16 565
-
Corporate
52 460
74 000
-
-
surtax
-
-
-
-
income
14 688
20 720
-
-
total
14 688
20 720
-
-
Dividends
37 771
53 280
-
-
surtax
-
-
-
-
social contributions
6 497
9 164
-
-
withholding
4 835
6 820
-
-
total
11 332
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
34 318
36 704
33 152
32 271
After tax
39 682
37 296
40 848
41 729
Living cost
13 243
13 243
13 243
13 243
Free-cash
26 439
24 053
27 605
28 486

Estimated living cost  is ₴13243 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36036
₴36258
₴38412
₴36935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 100
health
-
-
-
5 165
social contributions
-
-
-
10 212
total
-
-
-
26 477
Employee
14 568
-
74 000
-
social contributions
2 011
-
10 212
-
health
1 017
-
5 165
-
income
2 430
-
12 577
-
total
5 458
-
27 954
-
Employer
14 568
-
74 000
-
total
-
-
-
-
Corporate
59 432
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%.

2 972
3 700
-
-
total
2 972
3 700
-
-
Dividends
56 460
70 300
-
-
health
3 941
4 907
-
-
social contributions
7 791
9 701
-
-
withholding
8 469
10 545
-
-
total
20 201
25 153
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 631
28 853
27 954
26 477
After tax
45 369
45 147
46 046
47 523
Living cost
9 111
9 111
9 111
9 111
Free-cash
36 258
36 036
36 935
38 412

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25821
₴25157
₴22837
₴4501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
296
income
-
-
-
19 883
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 839
surtax
-
-
-
85
total
-
-
-
36 024
Employee
21 472
17 122
58 839
-
other
214
171
502
-
health
831
663
1 942
-
income
2 444
1 263
15 807
-
pensions
2 199
1 753
5 140
-
unemployment
644
514
1 506
-
total
6 332
4 364
24 897
-
Employer
21 472
17 122
58 839
-
accident
279
223
652
-
other
1 020
813
2 721
-
chamber of commerce
86
68
236
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 695
2 149
6 299
-
payroll
644
514
1 765
-
health
811
647
1 897
-
total
6 264
5 013
15 161
-
Corporate
46 264
51 865
57 208
-
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.

11 566
12 966
14 302
-
total
11 566
12 966
14 302
-
Dividends
34 699
38 899
-
-
withholding
9 542
10 697
-
-
total
9 542
10 697
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 704
33 040
54 360
36 024
After tax
40 296
40 960
19 640
37 976
Living cost
15 139
15 139
15 139
15 139
Free-cash
25 157
25 821
4 501
22 837

Estimated living cost  is ₴15139 per week

₴10097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25724
₴19280
₴16405
₴10480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
27 420
communal

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

-
-
-
3 797
social contributions
-
-
-
10 712
total
-
-
-
41 929
Employee

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

30 733
-
57 316
-
communal

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

1 603
-
2 989
-
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.

1 444
-
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.

2 305
-
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.

267
-
499
-
national
9 449
-
20 688
-
total
15 068
-
31 169
-
Employer

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

30 733
-
57 316
-
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.

400
-
745
-
unemployment

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

448
-
837
-
surtax
3 485
-
6 500
-
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.

2 723
-
5 078
-
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.

1 890
-
3 525
-
total
8 946
-
16 685
-
Corporate
34 321
74 000
-
-
surtax
137
296
-
-
income
6 864
14 800
-
-
total
7 001
15 096
-
-
Dividends
27 319
58 904
-
-
withholding

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

8 039
17 514
-
-
total
8 039
17 514
-
-
Income
74 000
74 000
74 000
74 000
Total tax
39 054
32 610
47 854
41 929
After tax
34 946
41 390
26 146
32 071
Living cost
15 666
15 666
15 666
15 666
Free-cash
19 280
25 724
10 480
16 405

Estimated living cost  is ₴15666 per week

₴10091
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.
₴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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33829
₴30849
₴26029
₴24227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
359
income
-
-
-
20 506
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 454
Employee
21 387
-
61 304
-
other
21
-
40
-
income
4 513
-
19 031
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
21 560
-
Employer
21 387
-
61 304
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
45 796
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.

6 869
11 100
-
-
total
6 869
11 100
-
-
Dividends
38 927
62 900
-
-
withholding
8 077
13 554
-
-
total
8 077
13 554
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 634
24 654
34 256
32 454
After tax
46 366
49 346
39 744
41 546
Living cost
15 517
15 517
15 517
15 517
Free-cash
30 849
33 829
24 227
26 029

Estimated living cost  is ₴15517 per week

₴11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20046
₴14633
₴13425
₴16376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
624
income
-
-
-
11 966
pensions
-
-
-
11 092
health
-
-
-
5 199
surtax
-
-
-
3 668
communal
-
-
-
4 677
total
-
-
-
37 226
Employee
32 537
-
66 100
-
health
1 448
-
2 942
-
surtax
1 994
-
4 051
-
income
3 143
-
14 095
-
pensions
2 603
-
5 288
-
total
9 188
-
26 376
-
Employer
32 537
-
66 100
-
accident
293
-
595
-
pensions
2 603
-
5 288
-
health
992
-
2 016
-
total
3 888
-
7 899
-
Corporate
37 575
74 000
-
-
surtax
395
777
-
-
communal
2 537
4 995
-
-
income
5 636
11 100
-
-
total
8 568
16 872
-
-
Dividends
29 008
57 128
-
-
income
10 022
5 164
-
-
withholding
4 352
8 569
-
-
total
14 374
13 733
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 018
30 605
34 275
37 226
After tax
37 982
43 395
39 725
36 774
Living cost
23 349
23 349
23 349
23 349
Free-cash
14 633
20 046
16 376
13 425

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36896
₴35530
₴25389
₴22758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 230
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
3 093
total
-
-
-
38 961
Employee
14 469
-
61 930
-
other
-
-
-
-
health
369
-
1 462
-
surtax
51
-
2 584
-
income
2 426
-
17 660
-
pensions
965
-
3 825
-
unemployment
1 007
-
3 991
-
total
4 818
-
29 522
-
Employer
14 469
-
61 930
-
other
-
-
-
-
unemployment
459
-
1 817
-
pensions
1 929
-
7 644
-
health
658
-
2 609
-
total
3 046
-
12 070
-
Corporate
56 485
74 000
-
-
income
14 686
19 240
-
-
total
14 686
19 240
-
-
Dividends
41 799
54 760
-
-
withholding
6 270
8 214
-
-
total
6 270
8 214
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 820
27 454
41 592
38 961
After tax
45 180
46 546
32 408
35 039
Living cost
9 650
9 650
9 650
9 650
Free-cash
35 530
36 896
22 758
25 389

Estimated living cost  is ₴9650 per week

₴5826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴27322
₴26368
₴23647
₴20321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
439
regional
-
-
-
1 116
national
-
-
-
18 191
social contributions
-
-
-
19 033
total
-
-
-
38 779
Employee
23 833
-
74 000
-
social contributions
8 037
-
24 953
-
regional
321
-
996
-
municipal
126
-
392
-
national
3 776
-
15 764
-
total
12 260
-
42 105
-
Employer
23 833
-
74 000
-
total
-
-
-
-
Corporate
50 167
74 000
-
-
nationa
12 040
17 760
-
-
municipal
2 493
3 678
-
-
total
14 533
21 438
-
-
Dividends
35 633
52 562
-
-
withholding
9 265
13 666
-
-
total
9 265
13 666
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 058
35 104
42 105
38 779
After tax
37 942
38 896
31 895
35 221
Living cost
11 574
11 574
11 574
11 574
Free-cash
26 368
27 322
20 321
23 647

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38288
₴33770
₴29181
₴25920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 384
health
-
-
-
9 990
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 784
total
-
-
-
32 158
Employee
18 619
-
56 277
-
social contributions
1 210
-
3 291
-
health
2 514
-
7 597
-
solidarity contribution
-
-
-
-
income
2 234
-
6 808
-
total
5 958
-
17 696
-
Employer
18 619
-
56 277
-
social contributions
4 655
-
12 658
-
health
1 676
-
5 065
-
total
6 331
-
17 723
-
Corporate
49 051
74 000
-
-
income
9 320
14 060
-
-
total
9 320
14 060
-
-
Dividends
39 731
59 940
-
-
withholding
5 960
8 991
-
-
total
5 960
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 569
23 051
35 419
32 158
After tax
46 431
50 949
38 581
41 842
Living cost
12 661
12 661
12 661
12 661
Free-cash
33 770
38 288
25 920
29 181

Estimated living cost  is ₴12661 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27299
₴27088
₴24354
₴5954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
296
income
-
-
-
19 883
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 839
surtax
-
-
-
-
total
-
-
-
35 939
Employee
18 781
17 122
58 918
-
other
188
171
502
-
health
726
663
1 942
-
income
1 673
1 263
15 845
-
pensions
1 923
1 753
5 140
-
unemployment
563
514
1 506
-
total
5 073
4 364
24 935
-
Employer
18 781
17 122
58 918
-
accident
244
223
652
-
other
892
813
2 724
-
chamber of commerce
75
68
236
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 299
-
payroll
563
514
1 768
-
health
710
647
1 897
-
total
5 404
4 928
15 082
-
Corporate
49 814
51 950
57 287
-
income

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

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

12 454
12 988
14 322
-
total
12 454
12 988
14 322
-
Dividends
37 360
38 962
-
-
withholding
10 274
10 714
-
-
total
10 274
10 714
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 205
32 994
54 339
35 939
After tax
40 795
41 006
19 661
38 061
Living cost
13 707
13 707
13 707
13 707
Free-cash
27 088
27 299
5 954
24 354

Estimated living cost  is ₴13707 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64234
₴63096
₴67194
₴53134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 582
-
74 000
-
income
1 517
-
14 800
-
total
1 517
-
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%.

66 418
74 000
-
-
total
-
-
-
-
Dividends
66 418
74 000
-
-
withholding
3 321
3 700
-
-
total
3 321
3 700
-
-
Income
74 000
74 000
74 000
74 000
Total tax
4 838
3 700
14 800
740
After tax
69 162
70 300
59 200
73 260
Living cost
6 066
6 066
6 066
6 066
Free-cash
63 096
64 234
53 134
67 194

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
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.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39425
₴35833
₴24703
₴22743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
74 000
income
-
-
-
16 866
pensions
-
-
-
13 514
unemployment
-
-
-
111
health
-
-
-
7 282
total
-
-
-
37 773
Employee

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

18 999
-
64 030
-
health
1 227
-
4 137
-
income
3 276
-
15 612
-
pensions
2 945
-
9 924
-
unemployment
27
-
90
-
total
7 475
-
29 763
-
Employer

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

18 999
-
64 030
-
unemployment
11
-
38
-
pensions
1 681
-
5 667
-
health
1 265
-
4 265
-
total
2 957
-
9 970
-
Corporate
52 043
74 000
-
-
income
9 888
14 060
-
-
total
9 888
14 060
-
-
Dividends
42 155
59 940
-
-
withholding
6 323
8 991
-
-
total
6 323
8 991
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 643
23 051
39 733
37 773
After tax
47 357
50 949
34 267
36 227
Living cost
11 524
11 524
11 524
11 524
Free-cash
35 833
39 425
22 743
24 703

Estimated living cost  is ₴11524 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26388
₴5845
₴32506
₴49685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
14 424
social contributions
-
-
-
8 436
total
-
-
-
22 860
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 673
-
5 369
-
total
37 673
-
5 369
-
Corporate
9 608
74 000
-
-
income
2 114
16 280
-
-
total
2 114
16 280
-
-
Dividends
7 495
57 720
-
-
income
1 649
12 698
-
-
total
1 649
12 698
-
-
Income
74 000
74 000
74 000
74 000
Total tax
49 521
28 978
5 681
22 860
After tax
24 479
45 022
68 319
51 140
Living cost
18 634
18 634
18 634
18 634
Free-cash
5 845
26 388
49 685
32 506

Estimated living cost  is ₴18634 per week

₴12090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴4553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴28614
₴28181
₴26241
₴20650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
74 000
income
-
-
-
8 567
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
34 282
Employee
19 761
-
59 798
-
social contributions
2 174
-
6 578
-
surtax
-
-
-
-
income
4 110
-
19 093
-
total
6 284
-
25 671
-
Employer
19 761
-
59 798
-
social contributions
4 693
-
14 202
-
total
4 693
-
14 202
-
Corporate
49 546
74 000
-
-
surtax
-
-
-
-
income
10 405
15 540
-
-
total
10 405
15 540
-
-
Dividends
39 142
58 460
-
-
withholding
10 960
16 369
-
-
total
10 960
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 342
31 909
39 873
34 282
After tax
41 658
42 091
34 127
39 718
Living cost
13 477
13 477
13 477
13 477
Free-cash
28 181
28 614
20 650
26 241

Estimated living cost  is ₴13477 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16544
₴19496
₴20977
₴20096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 437
pensions
-
-
-
13 356
other
-
-
-
2 294
health
-
-
-
3 076
surtax
-
-
-
-
social contributions
-
-
-
2 108
total
-
-
-
32 271
Employee
26 910
-
57 435
-
social contributions
766
-
1 636
-
surtax
-
-
-
-
income
2 348
-
11 025
-
pensions
3 044
-
3 926
-
total
6 158
-
16 587
-
Employer
26 910
-
57 435
-
other
929
-
2 212
-
social contributions
81
-
172
-
unemployment
1 090
-
2 326
-
pensions
4 422
-
6 621
-
health
1 883
-
5 234
-
total
8 405
-
16 565
-
Corporate
38 685
74 000
-
-
surtax
-
-
-
-
income
10 832
20 720
-
-
total
10 832
20 720
-
-
Dividends
27 854
53 280
-
-
surtax
-
-
-
-
social contributions
4 791
9 164
-
-
withholding
3 566
6 820
-
-
total
8 357
15 984
-
-
Income
74 000
74 000
74 000
74 000
Total tax
33 752
36 704
33 152
32 271
After tax
40 248
37 296
40 848
41 729
Living cost
20 752
20 752
20 752
20 752
Free-cash
19 496
16 544
20 096
20 977

Estimated living cost  is ₴20752 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53685
₴52242
₴41642
₴43609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 163
social contributions
-
-
-
16 280
total
-
-
-
19 443
Employee
13 813
-
64 069
-
income
-
-
3 381
-
social contributions
898
-
4 164
-
total
898
-
7 545
-
Employer
13 813
-
64 069
-
social contributions
2 141
-
9 931
-
total
2 141
-
9 931
-
Corporate
58 046
74 000
-
-
income
5 804
7 400
-
-
total
5 804
7 400
-
-
Dividends
52 242
66 600
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
8 843
7 400
17 476
19 443
After tax
65 157
66 600
56 524
54 557
Living cost
12 915
12 915
12 915
12 915
Free-cash
52 242
53 685
43 609
41 642

Estimated living cost  is ₴12915 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19611
-₴19611
₴23049
-₴19611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 365
pensions
-
-
-
372
national
-
-
-
8 632
labour market
-
-
-
5 890
total
-
-
-
30 259
Employee
87 336
87 336
87 336
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 336
87 336
87 336
-
labour market
6 987
6 987
6 987
-
municipal
18 627
18 627
18 627
-
pensions
248
248
248
-
national
10 688
10 688
10 688
-
total
36 550
36 550
36 550
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 000
74 000
74 000
74 000
Total tax
72 919
72 919
72 919
30 259
After tax
1 081
1 081
1 081
43 741
Living cost
20 692
20 692
20 692
20 692
Free-cash
-19 611
-19 611
-19 611
23 049

Estimated living cost  is ₴20692 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3297
₴4568
₴41301
₴30853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
108
income
-
-
-
20 423
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
23 408
Employee
14 615
-
66 536
-
health
1 674
-
7 618
-
income
2 005
-
15 505
-
pensions
1 646
-
3 270
-
total
5 325
-
26 393
-
Employer
14 615
-
66 536
-
accident
244
-
1 111
-
unemployment
358
-
1 630
-
pensions
2 376
-
4 722
-
total
2 978
-
7 463
-
Corporate
56 406
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.

50 766
66 600
-
-
total
50 766
66 600
-
-
Dividends
5 641
7 400
-
-
withholding
1 072
1 406
-
-
total
1 072
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
60 141
68 006
33 856
23 408
After tax
13 859
5 994
40 144
50 592
Living cost
9 291
9 291
9 291
9 291
Free-cash
4 568
-3 297
30 853
41 301

Estimated living cost  is ₴9291 per week

₴6763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29978
₴31017
₴31478
₴22433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 147
health
-
-
-
960
national
-
-
-
11 919
total
-
-
-
26 026
Employee
22 605
-
62 253
-
health
169
-
779
-
municipal
3 702
-
10 140
-
pensions
1 526
-
4 202
-
unemployment
339
-
934
-
national
373
-
7 270
-
total
6 109
-
23 325
-
Employer
22 605
-
62 253
-
accident
23
-
62
-
unemployment
147
-
404
-
pensions
3 922
-
10 801
-
health
174
-
479
-
total
4 266
-
11 746
-
Corporate
47 130
74 000
-
-
income
9 426
14 800
-
-
total
9 426
14 800
-
-
Dividends

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

28 278
44 400
-
-
national
1 596
4 734
-
-
municipal
5 090
7 992
-
-
total
6 686
12 726
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 487
27 526
35 071
26 026
After tax
47 513
46 474
38 929
47 974
Living cost
16 496
16 496
16 496
16 496
Free-cash
31 017
29 978
22 433
31 478

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44041
₴41704
₴40715
₴40061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
14 498
health
-
-
-
1 887
social contributions
-
-
-
6 952
total
-
-
-
23 337
Employee
33 038
33 038
69 025
-
social contributions
1 249
2 742
3 698
-
health
256
562
1 173
-
income
3 597
3 058
14 145
-
total
5 102
6 362
19 016
-
Employer
33 038
33 038
69 025
-
social contributions
1 249
2 742
3 698
-
health
278
612
1 277
-
total
1 527
3 354
4 975
-
Corporate
57 423
37 608
-
-
income
7 177
4 701
-
-
total
7 177
4 701
-
-
Dividends
50 245
32 907
-
-
withholding
8 542
5 594
-
-
total
8 542
5 594
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 348
20 011
23 991
23 337
After tax
51 652
53 989
50 009
50 663
Living cost
9 948
9 948
9 948
9 948
Free-cash
41 704
44 041
40 061
40 715

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54458
₴52272
₴55363
₴46745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
74 000
income
-
-
-
7 515
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
11 815
Employee

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

9 862
-
69 801
-
health
838
-
3 465
-
income
674
-
6 450
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
16 234
-
Employer

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

9 862
-
69 801
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
63 123
74 000
-
-
income
5 681
6 660
-
-
total
5 681
6 660
-
-
Dividends
57 442
67 340
-
-
withholding
5 170
6 060
-
-
total
5 170
6 060
-
-
Income
74 000
74 000
74 000
74 000
Total tax
14 906
12 720
20 433
11 815
After tax
59 094
61 280
53 567
62 185
Living cost
6 822
6 822
6 822
6 822
Free-cash
52 272
54 458
46 745
55 363

Estimated living cost  is ₴6822 per week

₴4352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
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.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37531
₴35634
₴29731
₴27929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
359
income
-
-
-
20 506
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 454
Employee
15 887
-
61 304
-
other
15
-
40
-
income
3 063
-
19 031
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
21 560
-
Employer
15 887
-
61 304
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
53 048
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.

7 957
11 100
-
-
total
7 957
11 100
-
-
Dividends
45 091
62 900
-
-
withholding
9 458
13 554
-
-
total
9 458
13 554
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 551
24 654
34 256
32 454
After tax
47 449
49 346
39 744
41 546
Living cost
11 815
11 815
11 815
11 815
Free-cash
35 634
37 531
27 929
29 731

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44999
₴44806
₴46233
₴46148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 110
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
26 590
Employee
1 792
-
73 034
-
health
90
-
215
-
income
347
-
25 065
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
25 709
-
Employer
1 792
-
73 034
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
71 804
74 000
-
-
income
15 797
16 280
-
-
total
15 797
16 280
-
-
Dividends
56 007
57 720
-
-
withholding
11 201
11 544
-
-
total
11 201
11 544
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 017
27 824
26 675
26 590
After tax
45 983
46 176
47 325
47 410
Living cost
1 177
1 177
1 177
1 177
Free-cash
44 806
44 999
46 148
46 233

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46035
₴43921
₴37864
₴37864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
74 000
income
-
-
-
16 705
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
28 706
Employee

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

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

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

11 204
-
68 316
-
health
577
-
1 635
-
income
1 544
-
16 705
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
23 023
-
Employer

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

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

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

11 204
-
68 316
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
60 790
74 000
-
-
income
9 119
11 100
-
-
total
9 119
11 100
-
-
Dividends
51 672
62 900
-
-
withholding
7 751
9 435
-
-
total
7 751
9 435
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 649
20 535
28 706
28 706
After tax
51 351
53 465
45 294
45 294
Living cost
7 430
7 430
7 430
7 430
Free-cash
43 921
46 035
37 864
37 864

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30508
₴30353
₴28135
₴22544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
74 000
income
-
-
-
8 567
surtax
-
-
-
-
social contributions

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

-
-
-
25 715
total
-
-
-
34 282
Employee
16 676
-
59 798
-
social contributions
1 835
-
6 578
-
surtax
-
-
-
-
income
3 258
-
19 093
-
total
5 093
-
25 671
-
Employer
16 676
-
59 798
-
social contributions
3 960
-
14 202
-
total
3 960
-
14 202
-
Corporate
53 364
74 000
-
-
surtax
-
-
-
-
income
11 206
15 540
-
-
total
11 206
15 540
-
-
Dividends
42 158
58 460
-
-
withholding
11 805
16 369
-
-
total
11 805
16 369
-
-
Income
74 000
74 000
74 000
74 000
Total tax
32 064
31 909
39 873
34 282
After tax
41 936
42 091
34 127
39 718
Living cost
11 583
11 583
11 583
11 583
Free-cash
30 353
30 508
22 544
28 135

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴34246
₴31414
₴26446
₴24644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
359
income
-
-
-
20 506
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 454
Employee
20 750
-
61 304
-
other
20
-
40
-
income
4 334
-
19 031
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
21 560
-
Employer
20 750
-
61 304
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 190
-
pensions
4 897
-
9 399
-
total
6 615
-
12 696
-
Corporate
46 634
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.

6 995
11 100
-
-
total
6 995
11 100
-
-
Dividends
39 639
62 900
-
-
withholding
8 226
13 554
-
-
total
8 226
13 554
-
-
Income
74 000
74 000
74 000
74 000
Total tax
27 486
24 654
34 256
32 454
After tax
46 514
49 346
39 744
41 546
Living cost
15 100
15 100
15 100
15 100
Free-cash
31 414
34 246
24 644
26 446

Estimated living cost  is ₴15100 per week

₴10844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55880
₴53261
₴51503
₴54387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
income
-
-
-
11 100
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
15 107
Employee
9 786
-
71 056
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
7 106
-
pensions

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

859
-
1 318
-
total
2 396
-
9 279
-
Employer
9 786
-
71 056
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
62 294
74 000
-
-
income
6 230
7 400
-
-
total
6 230
7 400
-
-
Dividends
56 065
66 600
-
-
withholding
2 803
3 330
-
-
total
2 803
3 330
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 349
10 730
12 223
15 107
After tax
60 651
63 270
61 777
58 893
Living cost
7 390
7 390
7 390
7 390
Free-cash
53 261
55 880
54 387
51 503

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21499
₴27120
₴22790
₴30542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 752
income

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

-
-
-
22 688
health

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

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

-
-
-
2 935
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.

-
-
-
1 247
total
-
-
-
34 622
Employee

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

21 378
-
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.

2 935
-
2 935
-
surtax

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

97
-
1 247
-
income

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

1 758
-
22 688
-
total
4 790
-
26 870
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 622
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.

434
611
-
-
income
7 893
11 100
-
-
trade
7 551
10 619
-
-
chamber of commerce
143
174
-
-
total
16 021
22 504
-
-
Dividends
36 601
51 496
-
-
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.

494
699
-
-
withholding
8 987
12 710
-
-
total
9 481
13 409
-
-
Income
74 000
74 000
74 000
74 000
Total tax
30 292
35 913
26 870
34 622
After tax
43 708
38 087
47 130
39 378
Living cost
16 588
16 588
16 588
16 588
Free-cash
27 120
21 499
30 542
22 790

Estimated living cost  is ₴16588 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27325
₴28274
₴14719
₴14719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 499
social contributions
-
-
-
12 307
total
-
-
-
34 806
Employee
33 608
-
74 000
-
income
6 342
-
22 499
-
social contributions
2 792
-
12 307
-
total
9 134
-
34 806
-
Employer
33 608
-
74 000
-
total
-
-
-
-
Corporate
40 392
74 000
-
-
income
5 049
9 250
-
-
total
5 049
9 250
-
-
Dividends
35 343
64 750
-
-
withholding
7 068
12 950
-
-
total
7 068
12 950
-
-
Income
74 000
74 000
74 000
74 000
Total tax
21 251
22 200
34 806
34 806
After tax
52 749
51 800
39 194
39 194
Living cost
24 475
24 475
24 475
24 475
Free-cash
28 274
27 325
14 719
14 719

Estimated living cost  is ₴24475 per week

₴18620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30234
₴31734
₴43294
₴37122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 230
health

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

-
-
-
2 879
total
-
-
-
15 109
Employee
19 710
-
72 024
-
income
2 139
-
17 329
-
social contributions
1 975
-
1 976
-
total
4 114
-
19 305
-
Employer
19 710
-
72 024
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
52 315
74 000
-
-
income
18 310
25 900
-
-
total
18 310
25 900
-
-
Dividends
34 005
48 100
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
74 000
74 000
74 000
74 000
Total tax
26 669
28 170
21 281
15 109
After tax
47 331
45 830
52 719
58 891
Living cost
15 596
15 596
15 596
15 596
Free-cash
31 734
30 234
37 122
43 294

Estimated living cost  is ₴15596 per week

₴10273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32670
₴35211
₴33249
₴26543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 980
pensions
-
-
-
3 829
total
-
-
-
24 809
Employee
21 882
-
64 658
-
health
285
-
943
-
income
3 985
-
16 508
-
pensions
1 670
-
4 721
-
total
5 940
-
22 172
-
Employer
21 882
-
64 658
-
pensions
2 211
-
8 114
-
health
416
-
1 229
-
total
2 627
-
9 343
-
Corporate
49 491
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.

9 403
14 060
-
-
total
9 403
14 060
-
-
Dividends
40 088
59 940
-
-
withholding
4 877
11 328
-
-
total
4 877
11 328
-
-
Income
74 000
74 000
74 000
74 000
Total tax
22 847
25 388
31 515
24 809
After tax
51 153
48 612
42 485
49 191
Living cost
15 942
15 942
15 942
15 942
Free-cash
35 211
32 670
26 543
33 249

Estimated living cost  is ₴15942 per week

₴10936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4217
₴4427
₴40381
₴29933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 000
accident
-
-
-
108
income
-
-
-
20 423
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
23 408
Employee
16 062
-
66 536
-
health
1 839
-
7 618
-
income
2 204
-
15 505
-
pensions
1 809
-
3 270
-
total
5 852
-
26 393
-
Employer
16 062
-
66 536
-
accident
268
-
1 111
-
unemployment
393
-
1 630
-
pensions
2 612
-
4 722
-
total
3 273
-
7 463
-
Corporate
54 665
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.

49 198
66 600
-
-
total
49 198
66 600
-
-
Dividends
5 467
7 400
-
-
withholding
1 039
1 406
-
-
total
1 039
1 406
-
-
Income
74 000
74 000
74 000
74 000
Total tax
59 362
68 006
33 856
23 408
After tax
14 638
5 994
40 144
50 592
Living cost
10 211
10 211
10 211
10 211
Free-cash
4 427
-4 217
29 933
40 381

Estimated living cost  is ₴10211 per week

₴7494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴56468
₴54460
₴37128
₴46575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
344
health insurance
-
-
-
5 084
income
-
-
-
12 175
pensions
-
-
-
12 642
unemployment
-
-
-
824
total
-
-
-
31 069
Employee

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

9 285
-
74 000
-
work injury
46
-
172
-
income
928
-
12 175
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
21 622
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 715
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%.

647
740
-
-
total
647
740
-
-
Dividends
64 068
73 260
-
-
withholding
9 610
10 989
-
-
total
9 610
10 989
-
-
Income
74 000
74 000
74 000
74 000
Total tax
13 737
11 729
21 622
31 069
After tax
60 263
62 271
52 378
42 931
Living cost
5 803
5 803
5 803
5 803
Free-cash
54 460
56 468
46 575
37 128

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Rome , Italy
₴21862
₴19908
₴17472
₴14224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 693
national
-
-
-
18 191
social contributions
-
-
-
19 033
total
-
-
-
39 412
Employee
36 205
-
74 000
-
social contributions
12 208
-
24 953
-
regional
547
-
1 502
-
municipal
216
-
441
-
national
6 118
-
15 764
-
total
19 089
-
42 660
-
Employer
36 205
-
74 000
-
total
-
-
-
-
Corporate
37 795
74 000
-
-
nationa
9 071
17 760
-
-
municipal
1 821
3 567
-
-
total
10 892
21 327
-
-
Dividends
26 903
52 673
-
-
withholding
6 995
13 695
-
-
total
6 995
13 695
-
-
Income
74 000
74 000
74 000
74 000
Total tax
36 976
35 022
42 660
39 412
After tax
37 024
38 978
31 340
34 588
Living cost
17 116
17 116
17 116
17 116
Free-cash
19 908
21 862
14 224
17 472

Estimated living cost  is ₴17116 per week

₴12023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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