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
₴ 78000
per

Your estimated
City
free-cash

Dresden , Germany
₴24507
₴35343
₴26647
₴29929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income

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

-
-
-
23 186
surtax

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

-
-
-
1 275
health

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

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

-
-
-
3 349
trade
-
-
-
8 696
total
-
-
-
36 506
Employee

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

18 749
-
78 000
-
surtax

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

29
-
1 275
-
income

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

524
-
23 186
-
health

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

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

3 349
-
3 349
-
total
3 902
-
27 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 251
78 000
-
-
income
8 887
11 700
-
-
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.

488
644
-
-
chamber of commerce
160
186
-
-
trade
9 332
12 285
-
-
total
18 867
24 815
-
-
Dividends
40 384
53 185
-
-
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.

545
721
-
-
withholding
9 910
13 110
-
-
total
10 455
13 831
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 224
38 646
27 810
36 506
After tax
44 776
39 354
50 190
41 494
Living cost
14 847
14 847
14 847
14 847
Free-cash
29 929
24 507
35 343
26 647

Estimated living cost  is ₴14847 per week

₴9339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22718
₴20895
₴20281
₴22285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
839
municipal
-
-
-
8 459
national
-
-
-
13 107
pensions
-
-
-
9 360
total
-
-
-
31 765
Employee
40 234
-
67 430
-
municipal
4 970
-
8 760
-
pensions
1 609
-
2 697
-
national
7 701
-
13 575
-
total
14 280
-
25 032
-
Employer
40 234
-
67 430
-
pensions
3 219
-
5 394
-
social contributions
433
-
725
-
total
3 652
-
6 119
-
Corporate
31 459
78 000
-
-
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%.

6 292
15 600
-
-
total
6 292
15 600
-
-
Dividends
25 167
62 400
-
-
withholding
5 537
13 728
-
-
total
5 537
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 761
29 328
31 151
31 765
After tax
48 239
48 672
46 849
46 235
Living cost
25 954
25 954
25 954
25 954
Free-cash
22 285
22 718
20 895
20 281

Estimated living cost  is ₴25954 per week

₴17641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52202
₴36772
₴16001
₴48181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
13 130
surtax
-
-
-
19 890
social contributions

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

-
-
-
18 781
microenterprise
-
-
-
-
total
-
-
-
51 801
Employee
14 323
-
56 853
-
surtax
-
-
-
-
social contributions

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

1 576
-
6 254
-
income
2 550
-
11 080
-
total
4 126
-
17 334
-
Employer
14 323
-
56 853
-
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.

3 450
-
13 696
-
surtax
-
-
-
-
total
3 450
-
13 696
-
Corporate
60 226
78 000
-
-
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%.

12 045
15 600
-
-
total
12 045
15 600
-
-
Dividends

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

48 181
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 621
15 600
31 030
51 801
After tax
58 379
62 400
46 970
26 199
Living cost
10 198
10 198
10 198
10 198
Free-cash
48 181
52 202
36 772
16 001

Estimated living cost  is ₴10198 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17958
₴27292
₴23108
₴14954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
22 569
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
34 357
Employee
41 860
41 860
68 890
-
pensions
7 535
5 743
5 743
-
income

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

6 852
6 852
9 276
-
health
6 425
5 465
6 045
-
total
20 812
18 060
21 064
-
Employer
41 860
41 860
68 890
-
health
2 910
2 910
3 616
-
pensions
2 913
2 913
3 621
-
unemployment
1 507
1 507
1 873
-
total
7 330
7 330
9 110
-
Corporate
29 324
28 810
-
-
income
5 865
5 762
-
-
total
5 865
5 762
-
-
Dividends
23 459
23 048
-
-
income
4 985
4 898
-
-
withholding
3 519
3 458
-
-
total
8 504
8 356
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 511
39 508
30 174
34 357
After tax
35 489
38 492
47 826
43 643
Living cost
20 534
20 534
20 534
20 534
Free-cash
14 954
17 958
27 292
23 108

Estimated living cost  is ₴20534 per week

₴14552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22414
₴20072
₴20561
₴21961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
88
other
-
-
-
5 138
unemployment
-
-
-
44
health
-
-
-
2 759
municipal
-
-
-
19 440
national
-
-
-
5 016
pensions
-
-
-
4 780
total
-
-
-
37 265
Employee
28 746
-
64 108
-
municipal
8 572
-
19 117
-
national
-
-
4 745
-
total
8 572
-
23 862
-
Employer
28 746
-
64 108
-
health
1 768
-
2 719
-
pensions
3 107
-
4 780
-
accident
58
-
88
-
unemployment
759
-
1 167
-
other
3 340
-
5 138
-
total
9 032
-
13 892
-
Corporate
40 222
78 000
-
-
income
8 849
17 160
-
-
total
8 849
17 160
-
-
Dividends
31 373
60 840
-
-
withholding
9 412
18 252
-
-
total
9 412
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 865
35 412
37 754
37 265
After tax
42 135
42 588
40 246
40 735
Living cost
20 174
20 174
20 174
20 174
Free-cash
21 961
22 414
20 072
20 561

Estimated living cost  is ₴20174 per week

₴13371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19697
₴30934
₴21852
₴26584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income

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

-
-
-
23 186
surtax

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

-
-
-
1 275
health

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

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

-
-
-
3 349
trade
-
-
-
9 082
total
-
-
-
36 892
Employee

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

24 858
-
78 000
-
surtax

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

117
-
1 275
-
income

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

2 136
-
23 186
-
health

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

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

3 349
-
3 349
-
total
5 602
-
27 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 142
78 000
-
-
income
7 971
11 700
-
-
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.

438
644
-
-
chamber of commerce
150
185
-
-
trade
8 742
12 831
-
-
total
17 301
25 360
-
-
Dividends
35 841
52 640
-
-
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.

483
713
-
-
withholding
8 774
12 974
-
-
total
9 257
13 687
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 160
39 047
27 810
36 892
After tax
45 840
38 953
50 190
41 108
Living cost
19 256
19 256
19 256
19 256
Free-cash
26 584
19 697
30 934
21 852

Estimated living cost  is ₴19256 per week

₴12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41030
₴37124
₴37831
₴38997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 350
social contributions
-
-
-
7 931
health
-
-
-
1 989
total
-
-
-
24 270
Employee
37 693
37 693
72 440
-
social contributions
1 832
3 128
4 219
-
income
3 958
3 489
13 967
-
health
375
641
1 232
-
total
6 165
7 258
19 418
-
Employer
37 693
37 693
72 440
-
health
408
698
1 340
-
social contributions
1 832
3 128
4 219
-
total
2 240
3 826
5 559
-
Corporate
53 696
36 481
-
-
income
6 712
4 560
-
-
total
6 712
4 560
-
-
Dividends
46 984
31 921
-
-
withholding
7 987
5 427
-
-
total
7 987
5 427
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 104
21 071
24 977
24 270
After tax
54 896
56 929
53 023
53 730
Living cost
15 899
15 899
15 899
15 899
Free-cash
38 997
41 030
37 124
37 831

Estimated living cost  is ₴15899 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34864
₴36246
₴45062
₴35050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
9 536
unemployment
-
-
-
1 170
health
-
-
-
5 460
pensions
-
-
-
7 800
total
-
-
-
23 966
Employee

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
65 272
-
unemployment
194
77
979
-
pensions
1 295
515
6 527
-
income
1 583
630
7 979
-
health
907
361
4 569
-
total
3 979
1 583
20 054
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
65 272
-
pensions
2 526
1 005
12 728
-
total
2 526
1 005
12 728
-
Corporate
62 523
71 840
-
-
income
5 627
6 466
-
-
total
5 627
6 466
-
-
Dividends
56 896
65 375
-
-
social contributions
11 036
12 689
-
-
withholding
10 810
12 421
-
-
total
21 846
25 110
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 978
34 164
32 782
23 966
After tax
44 022
43 836
45 218
54 034
Living cost
8 972
8 972
8 972
8 972
Free-cash
35 050
34 864
36 246
45 062

Estimated living cost  is ₴8972 per week

₴6123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50560
₴33118
₴29968
₴47515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
10 452
health
-
-
-
10 140
pensions
-
-
-
15 600
total
-
-
-
36 192
Employee
13 906
-
58 296
-
unemployment
222
-
933
-
pensions
278
-
1 166
-
income
1 566
-
11 240
-
total
2 066
-
13 339
-
Employer
13 906
-
58 296
-
health
1 807
-
7 578
-
pensions
2 781
-
11 659
-
unemployment
112
-
466
-
total
4 700
-
19 703
-
Corporate
59 394
78 000
-
-
income
11 879
15 600
-
-
total
11 879
15 600
-
-
Dividends
47 515
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 645
15 600
33 042
36 192
After tax
59 355
62 400
44 958
41 808
Living cost
11 840
11 840
11 840
11 840
Free-cash
47 515
50 560
33 118
29 968

Estimated living cost  is ₴11840 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4592
₴31129
₴42445
₴4646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 191
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
24 645
Employee
17 162
-
69 666
-
pensions
1 933
-
3 784
-
income
2 354
-
15 866
-
health
1 965
-
7 977
-
total
6 252
-
27 627
-
Employer
17 162
-
69 666
-
pensions
2 791
-
5 464
-
accident
286
-
1 163
-
unemployment
420
-
1 707
-
total
3 497
-
8 334
-
Corporate
57 340
78 000
-
-
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.

51 606
70 200
-
-
total
51 606
70 200
-
-
Dividends
5 734
7 800
-
-
withholding
1 089
1 482
-
-
total
1 089
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 444
71 682
35 961
24 645
After tax
15 556
6 318
42 039
53 355
Living cost
10 910
10 910
10 910
10 910
Free-cash
4 646
-4 592
31 129
42 445

Estimated living cost  is ₴10910 per week

₴7996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70091
₴58391
₴73211
₴69340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
5 011
-
78 000
-
income
1 002
-
15 600
-
total
1 002
-
15 600
-
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%.

72 989
78 000
-
-
total
-
-
-
-
Dividends
72 989
78 000
-
-
withholding
3 649
3 900
-
-
total
3 649
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 651
3 900
15 600
780
After tax
73 349
74 100
62 400
77 220
Living cost
4 009
4 009
4 009
4 009
Free-cash
69 340
70 091
58 391
73 211

Estimated living cost  is ₴4009 per week

₴2484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴44246
₴31345
₴28981
₴40936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 248
other
-
-
-
3 540
health
-
-
-
3 280
pensions

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

-
-
-
17 890
total
-
-
-
35 958
Employee
17 798
-
62 301
-
unemployment
178
-
623
-
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.

1 246
-
4 361
-
income
3 064
-
12 037
-
health
249
-
873
-
total
4 737
-
17 894
-
Employer
17 798
-
62 301
-
health
249
-
873
-
pensions

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

3 026
-
10 591
-
accident
142
-
499
-
unemployment
178
-
623
-
other
890
-
3 114
-
total
4 485
-
15 700
-
Corporate
55 716
78 000
-
-
income
11 700
16 380
-
-
total
11 700
16 380
-
-
Dividends
44 016
61 620
-
-
withholding
3 081
4 313
-
-
total
3 081
4 313
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 003
20 693
33 594
35 958
After tax
53 997
57 307
44 406
42 042
Living cost
13 061
13 061
13 061
13 061
Free-cash
40 936
44 246
31 345
28 981

Estimated living cost  is ₴13061 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
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.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19283
₴12586
₴19688
₴19107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 449
pensions
-
-
-
4 231
total
-
-
-
25 680
Employee
46 170
-
68 211
-
pensions
4 454
-
5 262
-
income
8 323
-
16 712
-
health
761
-
1 020
-
total
13 538
-
22 994
-
Employer
46 170
-
68 211
-
health
877
-
1 296
-
pensions
5 451
-
8 492
-
total
6 328
-
9 788
-
Corporate
25 502
78 000
-
-
income

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

4 845
14 820
-
-
total
4 845
14 820
-
-
Dividends
20 656
63 180
-
-
withholding
1 550
11 265
-
-
total
1 550
11 265
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 261
26 085
32 782
25 680
After tax
51 739
51 915
45 218
52 320
Living cost
32 632
32 632
32 632
32 632
Free-cash
19 107
19 283
12 586
19 688

Estimated living cost  is ₴32632 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60267
₴58277
₴55308
₴57991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
16 269
Employee
8 505
-
74 643
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 503
-
income
850
-
7 464
-
health
391
-
787
-
total
2 082
-
9 942
-
Employer
8 505
-
74 643
-
health
587
-
1 181
-
pensions

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

937
-
1 886
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 669
-
3 358
-
Corporate
67 826
78 000
-
-
income
6 783
7 800
-
-
total
6 783
7 800
-
-
Dividends
61 043
70 200
-
-
withholding
3 052
3 510
-
-
total
3 052
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 586
11 310
13 300
16 269
After tax
64 414
66 690
64 700
61 731
Living cost
6 423
6 423
6 423
6 423
Free-cash
57 991
60 267
58 277
55 308

Estimated living cost  is ₴6423 per week

₴3750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴11311
₴20645
₴16462
₴12545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
22 569
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
34 357
Employee
45 446
41 860
68 890
-
pensions
5 743
5 743
5 743
-
income

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

6 852
6 852
9 276
-
health
5 670
5 465
6 045
-
total
18 265
18 060
21 064
-
Employer
45 446
41 860
68 890
-
health
3 158
2 910
3 616
-
pensions
3 163
2 913
3 621
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 330
9 110
-
Corporate
24 597
28 810
-
-
income
4 919
5 762
-
-
total
4 919
5 762
-
-
Dividends
19 678
23 048
-
-
income
4 181
4 898
-
-
withholding
2 952
3 458
-
-
total
7 133
8 356
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 274
39 508
30 174
34 357
After tax
39 726
38 492
47 826
43 643
Living cost
27 181
27 181
27 181
27 181
Free-cash
12 545
11 311
20 645
16 462

Estimated living cost  is ₴27181 per week

₴20051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41523
₴27402
₴30272
₴37178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 491
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 548
Employee
17 912
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 784
-
income
2 149
-
6 985
-
health
2 418
-
7 858
-
total
5 731
-
18 627
-
Employer
17 912
-
58 209
-
health
1 612
-
5 239
-
social contributions
4 478
-
14 552
-
total
6 090
-
19 791
-
Corporate
53 998
78 000
-
-
income
10 260
14 820
-
-
total
10 260
14 820
-
-
Dividends
43 738
63 180
-
-
withholding
6 561
9 477
-
-
total
6 561
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 642
24 297
38 418
35 548
After tax
49 358
53 703
39 582
42 452
Living cost
12 180
12 180
12 180
12 180
Free-cash
37 178
41 523
27 402
30 272

Estimated living cost  is ₴12180 per week

₴8460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20932
₴13558
₴17082
₴18372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
912
municipal
-
-
-
463
national
-
-
-
18 797
total
-
-
-
40 234
Employee
43 564
-
78 000
-
municipal
231
-
414
-
national
7 549
-
16 238
-
regional
411
-
804
-
social contributions
14 690
-
26 302
-
total
22 881
-
43 758
-
Employer
43 564
-
78 000
-
total
-
-
-
-
Corporate
34 436
78 000
-
-
municipal
1 343
3 042
-
-
nationa
8 265
18 720
-
-
total
9 608
21 762
-
-
Dividends
24 827
56 239
-
-
withholding
6 455
14 622
-
-
total
6 455
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 944
36 384
43 758
40 234
After tax
39 056
41 616
34 242
37 766
Living cost
20 684
20 684
20 684
20 684
Free-cash
18 372
20 932
13 558
17 082

Estimated living cost  is ₴20684 per week

₴14418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴38245
₴23277
₴26200
₴36720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
20 188
other
-
-
-
-
surtax
-
-
-
2 954
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
40 983
Employee
16 210
-
64 436
-
other
-
-
-
-
unemployment
1 128
-
4 485
-
pensions
1 081
-
4 298
-
surtax
53
-
2 494
-
income
2 717
-
17 421
-
health
414
-
1 643
-
total
5 393
-
30 341
-
Employer
16 210
-
64 436
-
health
738
-
2 932
-
pensions
2 161
-
8 590
-
unemployment
513
-
2 043
-
other
-
-
-
-
total
3 412
-
13 565
-
Corporate
58 378
78 000
-
-
income
15 178
20 280
-
-
total
15 178
20 280
-
-
Dividends
43 200
57 720
-
-
withholding
6 480
8 658
-
-
total
6 480
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 463
28 938
43 906
40 983
After tax
47 537
49 062
34 094
37 017
Living cost
10 817
10 817
10 817
10 817
Free-cash
36 720
38 245
23 277
26 200

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29621
₴22924
₴30026
₴32308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 449
pensions
-
-
-
4 231
total
-
-
-
25 680
Employee
30 942
-
68 211
-
pensions
2 626
-
5 262
-
income
5 573
-
16 712
-
health
449
-
1 020
-
total
8 648
-
22 994
-
Employer
30 942
-
68 211
-
health
588
-
1 296
-
pensions
3 349
-
8 492
-
total
3 937
-
9 788
-
Corporate
43 121
78 000
-
-
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.

8 193
14 820
-
-
total
8 193
14 820
-
-
Dividends
34 928
63 180
-
-
withholding
2 620
11 265
-
-
total
2 620
11 265
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 398
26 085
32 782
25 680
After tax
54 602
51 915
45 218
52 320
Living cost
22 294
22 294
22 294
22 294
Free-cash
32 308
29 621
22 924
30 026

Estimated living cost  is ₴22294 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
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.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3068
₴21178
₴24968
₴13508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other

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

-
-
-
1 560
regional
-
-
-
3 563
health
-
-
-
175
city
-
-
-
822
national
-
-
-
1 000
pensions
-
-
-
7 176
total
-
-
-
14 296
Employee
45 331
-
69 815
-
unemployment
-
-
-
-
pensions
3 808
-
5 864
-
national
215
-
820
-
regional
1 484
-
3 078
-
city
487
-
750
-
health
102
-
157
-
total
6 096
-
10 669
-
Employer
45 331
-
69 815
-
health
102
-
157
-
pensions
3 808
-
5 864
-
unemployment
-
-
-
-
other

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

906
-
1 396
-
total
4 816
-
7 417
-
Corporate
27 353
78 000
-
-
regional
5 785
16 497
-
-
national
2 325
6 630
-
-
total
8 110
23 127
-
-
Dividends
19 243
54 873
-
-
withholding
6 734
19 205
-
-
total
6 734
19 205
-
-
Income
78 000
78 000
78 000
78 000
Total tax
25 756
42 332
18 086
14 296
After tax
52 244
35 668
59 914
63 704
Living cost
38 736
38 736
38 736
38 736
Free-cash
13 508
-3 068
21 178
24 968

Estimated living cost  is ₴38736 per week

₴25190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16096
₴27734
₴18265
₴24045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income

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

-
-
-
23 186
surtax

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

-
-
-
1 275
health

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

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

-
-
-
3 349
trade
-
-
-
9 469
total
-
-
-
37 279
Employee

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

29 459
-
78 000
-
surtax

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

191
-
1 275
-
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.

3 464
-
23 186
-
health

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

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

3 349
-
3 349
-
total
7 004
-
27 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 541
78 000
-
-
income
7 281
11 700
-
-
surtax

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

400
644
-
-
chamber of commerce
142
184
-
-
trade
8 325
13 377
-
-
total
16 148
25 905
-
-
Dividends
32 393
52 094
-
-
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.

435
706
-
-
withholding
7 912
12 837
-
-
total
8 347
13 543
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 499
39 448
27 810
37 279
After tax
46 501
38 552
50 190
40 721
Living cost
22 456
22 456
22 456
22 456
Free-cash
24 045
16 096
27 734
18 265

Estimated living cost  is ₴22456 per week

₴16401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴22541
₴27024
₴27320
₴25437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 528
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 038
pensions
-
-
-
14 703
total
-
-
-
33 909
Employee
20 979
-
60 907
-
pensions
2 372
-
4 011
-
surtax
-
-
-
-
social contributions
598
-
1 736
-
income
1 238
-
11 365
-
total
4 208
-
17 112
-
Employer
20 979
-
60 907
-
health
1 469
-
5 371
-
pensions
3 446
-
6 793
-
unemployment
849
-
2 467
-
social contributions
63
-
182
-
other
724
-
2 280
-
total
6 551
-
17 093
-
Corporate
50 469
78 000
-
-
income
14 132
21 840
-
-
surtax
-
-
-
-
total
14 132
21 840
-
-
Dividends
36 338
56 160
-
-
surtax
-
-
-
-
social contributions
6 250
9 659
-
-
withholding
4 651
7 189
-
-
total
10 901
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 792
38 688
34 205
33 909
After tax
42 208
39 312
43 795
44 091
Living cost
16 771
16 771
16 771
16 771
Free-cash
25 437
22 541
27 024
27 320

Estimated living cost  is ₴16771 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24203
₴28686
₴28982
₴26926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 528
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 038
pensions
-
-
-
14 703
total
-
-
-
33 909
Employee
18 727
-
60 907
-
pensions
2 118
-
4 011
-
surtax
-
-
-
-
social contributions
534
-
1 736
-
income
966
-
11 365
-
total
3 618
-
17 112
-
Employer
18 727
-
60 907
-
health
1 311
-
5 371
-
pensions
3 077
-
6 793
-
unemployment
758
-
2 467
-
social contributions
56
-
182
-
other
646
-
2 280
-
total
5 848
-
17 093
-
Corporate
53 425
78 000
-
-
income
14 959
21 840
-
-
surtax
-
-
-
-
total
14 959
21 840
-
-
Dividends
38 466
56 160
-
-
surtax
-
-
-
-
social contributions
6 616
9 659
-
-
withholding
4 924
7 189
-
-
total
11 540
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 965
38 688
34 205
33 909
After tax
42 035
39 312
43 795
44 091
Living cost
15 109
15 109
15 109
15 109
Free-cash
26 926
24 203
28 686
28 982

Estimated living cost  is ₴15109 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37193
₴38334
₴39697
₴37447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
social contributions
-
-
-
10 764
health
-
-
-
5 445
total
-
-
-
27 909
Employee
16 620
-
78 000
-
social contributions
2 294
-
10 764
-
income
2 772
-
13 063
-
health
1 160
-
5 445
-
total
6 226
-
29 272
-
Employer
16 620
-
78 000
-
total
-
-
-
-
Corporate
61 380
78 000
-
-
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%.

3 069
3 900
-
-
total
3 069
3 900
-
-
Dividends
58 311
74 100
-
-
social contributions
8 047
10 226
-
-
withholding
8 747
11 115
-
-
health
4 070
5 172
-
-
total
20 864
26 513
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 159
30 413
29 272
27 909
After tax
47 841
47 587
48 728
50 091
Living cost
10 394
10 394
10 394
10 394
Free-cash
37 447
37 193
38 334
39 697

Estimated living cost  is ₴10394 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
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.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25965
₴3213
₴22739
₴25204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 600
surtax
-
-
-
97
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
312
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
37 989
Employee
24 497
19 535
61 140
-
other
245
195
573
-
unemployment
735
586
1 718
-
pensions
2 509
2 000
5 864
-
income
2 789
1 441
15 463
-
health
948
756
2 216
-
total
7 226
4 978
25 834
-
Employer
24 497
19 535
61 140
-
chamber of commerce
98
78
245
-
health
926
739
2 165
-
pensions
3 074
2 452
7 187
-
accident
318
254
744
-
unemployment
735
586
1 718
-
surtax
97
97
97
-
payroll
735
586
1 834
-
other
1 164
927
2 871
-
total
7 147
5 719
16 861
-
Corporate
46 357
52 747
59 279
-
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.

11 590
13 187
14 820
-
total
11 590
13 187
14 820
-
Dividends
34 767
39 560
-
-
withholding
9 561
10 879
-
-
total
9 561
10 879
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 524
34 763
57 515
37 989
After tax
42 476
43 237
20 485
40 011
Living cost
17 272
17 272
17 272
17 272
Free-cash
25 204
25 965
3 213
22 739

Estimated living cost  is ₴17272 per week

₴11520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25767
₴10056
₴15934
₴18415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal

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

-
-
-
3 952
social contributions
-
-
-
12 121
national
-
-
-
28 120
total
-
-
-
44 193
Employee

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

35 063
-
60 413
-
unemployment

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

305
-
526
-
communal

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

1 829
-
3 151
-
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.

2 630
-
4 531
-
national
10 780
-
21 439
-
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.

1 647
-
2 840
-
total
17 191
-
32 487
-
Employer

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

35 063
-
60 413
-
health

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

2 156
-
3 715
-
pensions

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

3 107
-
5 352
-
accident

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

456
-
785
-
unemployment

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

512
-
882
-
surtax
3 976
-
6 850
-
total
10 207
-
17 584
-
Corporate
32 731
78 000
-
-
income
6 546
15 600
-
-
surtax
131
312
-
-
total
6 677
15 912
-
-
Dividends
26 053
62 089
-
-
withholding

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

7 637
18 448
-
-
total
7 637
18 448
-
-
Income
78 000
78 000
78 000
78 000
Total tax
41 712
34 360
50 071
44 193
After tax
36 288
43 640
27 929
33 807
Living cost
17 873
17 873
17 873
17 873
Free-cash
18 415
25 767
10 056
15 934

Estimated living cost  is ₴17873 per week

₴11512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34390
₴24105
₴26165
₴30881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
409
income
-
-
-
20 502
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
34 132
Employee
24 400
-
63 516
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 148
-
18 820
-
total
6 698
-
21 706
-
Employer
24 400
-
63 516
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
45 822
78 000
-
-
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.

6 873
11 700
-
-
total
6 873
11 700
-
-
Dividends
38 949
66 300
-
-
withholding
8 068
14 207
-
-
total
8 068
14 207
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 416
25 907
36 192
34 132
After tax
48 584
52 093
41 808
43 868
Living cost
17 703
17 703
17 703
17 703
Free-cash
30 881
34 390
24 105
26 165

Estimated living cost  is ₴17703 per week

₴13036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19486
₴15969
₴12858
₴13623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal
-
-
-
4 929
accident
-
-
-
658
income
-
-
-
11 877
surtax
-
-
-
3 867
health
-
-
-
5 481
pensions
-
-
-
11 691
total
-
-
-
38 503
Employee
37 121
-
69 675
-
pensions
2 969
-
5 574
-
surtax
2 275
-
4 270
-
income
3 586
-
14 122
-
health
1 652
-
3 100
-
total
10 482
-
27 066
-
Employer
37 121
-
69 675
-
health
1 132
-
2 125
-
pensions
2 969
-
5 574
-
accident
334
-
627
-
total
4 435
-
8 326
-
Corporate
36 444
78 000
-
-
communal
2 459
5 265
-
-
income
5 467
11 700
-
-
surtax
382
819
-
-
total
8 308
17 784
-
-
Dividends
28 135
60 216
-
-
income
10 293
5 059
-
-
withholding
4 220
9 032
-
-
total
14 513
14 091
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 738
31 875
35 392
38 503
After tax
40 262
46 125
42 608
39 497
Living cost
26 639
26 639
26 639
26 639
Free-cash
13 623
19 486
15 969
12 858

Estimated living cost  is ₴26639 per week

₴19983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38052
₴23084
₴26007
₴36493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
20 188
other
-
-
-
-
surtax
-
-
-
2 954
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
40 983
Employee
16 508
-
64 436
-
other
-
-
-
-
unemployment
1 149
-
4 485
-
pensions
1 101
-
4 298
-
surtax
59
-
2 494
-
income
2 767
-
17 421
-
health
421
-
1 643
-
total
5 497
-
30 341
-
Employer
16 508
-
64 436
-
health
751
-
2 932
-
pensions
2 201
-
8 590
-
unemployment
524
-
2 043
-
other
-
-
-
-
total
3 476
-
13 565
-
Corporate
58 017
78 000
-
-
income
15 084
20 280
-
-
total
15 084
20 280
-
-
Dividends
42 933
57 720
-
-
withholding
6 440
8 658
-
-
total
6 440
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 497
28 938
43 906
40 983
After tax
47 503
49 062
34 094
37 017
Living cost
11 010
11 010
11 010
11 010
Free-cash
36 493
38 052
23 084
26 007

Estimated living cost  is ₴11010 per week

₴6647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27795
₴20792
₴24298
₴26706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 176
municipal
-
-
-
463
national
-
-
-
18 797
total
-
-
-
40 498
Employee
27 191
-
78 000
-
municipal
144
-
414
-
national
4 308
-
16 238
-
regional
366
-
1 050
-
social contributions
9 169
-
26 302
-
total
13 987
-
44 004
-
Employer
27 191
-
78 000
-
total
-
-
-
-
Corporate
50 809
78 000
-
-
municipal
2 526
3 876
-
-
nationa
12 194
18 720
-
-
total
14 720
22 596
-
-
Dividends
36 089
55 404
-
-
withholding
9 383
14 405
-
-
total
9 383
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 090
37 001
44 004
40 498
After tax
39 910
40 999
33 996
37 502
Living cost
13 204
13 204
13 204
13 204
Free-cash
26 706
27 795
20 792
24 298

Estimated living cost  is ₴13204 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38694
₴24573
₴27443
₴33340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 491
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 548
Employee
22 072
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 435
-
3 784
-
income
2 649
-
6 985
-
health
2 980
-
7 858
-
total
7 064
-
18 627
-
Employer
22 072
-
58 209
-
health
1 986
-
5 239
-
social contributions
5 518
-
14 552
-
total
7 504
-
19 791
-
Corporate
48 423
78 000
-
-
income
9 200
14 820
-
-
total
9 200
14 820
-
-
Dividends
39 223
63 180
-
-
withholding
5 883
9 477
-
-
total
5 883
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 651
24 297
38 418
35 548
After tax
48 349
53 703
39 582
42 452
Living cost
15 009
15 009
15 009
15 009
Free-cash
33 340
38 694
24 573
27 443

Estimated living cost  is ₴15009 per week

₴11162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27651
₴4877
₴24469
₴27407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 600
surtax
-
-
-
-
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
312
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
37 892
Employee
21 427
19 535
61 230
-
other
214
195
573
-
unemployment
643
586
1 718
-
pensions
2 194
2 000
5 864
-
income
1 909
1 441
15 500
-
health
829
756
2 216
-
total
5 789
4 978
25 871
-
Employer
21 427
19 535
61 230
-
chamber of commerce
86
78
245
-
health
810
739
2 165
-
pensions
2 689
2 452
7 187
-
accident
278
254
744
-
unemployment
643
586
1 718
-
surtax
-
-
-
-
payroll
643
586
1 837
-
other
1 018
927
2 874
-
total
6 167
5 622
16 770
-
Corporate
50 406
52 843
59 370
-
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.

12 602
13 211
14 843
-
total
12 602
13 211
14 843
-
Dividends
37 805
39 632
-
-
withholding
10 396
10 899
-
-
total
10 396
10 899
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 954
34 710
57 484
37 892
After tax
43 046
43 290
20 516
40 108
Living cost
15 639
15 639
15 639
15 639
Free-cash
27 407
27 651
4 877
24 469

Estimated living cost  is ₴15639 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴67853
₴56153
₴70973
₴66681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
7 808
-
78 000
-
income
1 562
-
15 600
-
total
1 562
-
15 600
-
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%.

70 192
78 000
-
-
total
-
-
-
-
Dividends
70 192
78 000
-
-
withholding
3 510
3 900
-
-
total
3 510
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 072
3 900
15 600
780
After tax
72 928
74 100
62 400
77 220
Living cost
6 247
6 247
6 247
6 247
Free-cash
66 681
67 853
56 153
70 973

Estimated living cost  is ₴6247 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴40555
₴23304
₴25372
₴36455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
17 444
unemployment
-
-
-
117
health
-
-
-
7 675
pensions
-
-
-
14 244
total
-
-
-
39 480
Employee

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

21 676
-
67 490
-
unemployment
31
-
95
-
pensions
3 360
-
10 461
-
income
3 738
-
16 122
-
health
1 400
-
4 360
-
total
8 529
-
31 038
-
Employer

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

21 676
-
67 490
-
health
1 444
-
4 496
-
pensions
1 918
-
5 973
-
unemployment
13
-
41
-
total
3 375
-
10 510
-
Corporate
52 949
78 000
-
-
income
10 060
14 820
-
-
total
10 060
14 820
-
-
Dividends
42 889
63 180
-
-
withholding
6 433
9 477
-
-
total
6 433
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 397
24 297
41 548
39 480
After tax
49 603
53 703
36 452
38 520
Living cost
13 148
13 148
13 148
13 148
Free-cash
36 455
40 555
23 304
25 372

Estimated living cost  is ₴13148 per week

₴9023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25956
₴49947
₴32405
₴2255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 204
social contributions
-
-
-
8 892
total
-
-
-
24 096
Employee
30 826
-
-
-
social contributions
2 528
-
360
-
income
6 800
-
-
-
total
9 328
-
360
-
Employer
30 826
-
-
-
social contributions
43 465
-
6 194
-
total
43 465
-
6 194
-
Corporate
3 710
78 000
-
-
income
816
17 160
-
-
total
816
17 160
-
-
Dividends
2 893
60 840
-
-
income
637
13 385
-
-
total
637
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
54 246
30 545
6 554
24 096
After tax
23 754
47 455
71 446
53 904
Living cost
21 499
21 499
21 499
21 499
Free-cash
2 255
25 956
49 947
32 405

Estimated living cost  is ₴21499 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28991
₴21020
₴26702
₴28497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
8 818
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 923
Employee
22 545
-
63 030
-
surtax
-
-
-
-
social contributions
2 480
-
6 933
-
income
4 689
-
19 702
-
total
7 169
-
26 635
-
Employer
22 545
-
63 030
-
social contributions
5 354
-
14 970
-
total
5 354
-
14 970
-
Corporate
50 101
78 000
-
-
income
10 522
16 380
-
-
surtax
-
-
-
-
total
10 522
16 380
-
-
Dividends
39 579
61 620
-
-
withholding
11 083
17 254
-
-
total
11 083
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 128
33 634
41 605
35 923
After tax
43 872
44 366
36 395
42 077
Living cost
15 375
15 375
15 375
15 375
Free-cash
28 497
28 991
21 020
26 702

Estimated living cost  is ₴15375 per week

₴11504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15637
₴20120
₴20416
₴19006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 528
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 038
pensions
-
-
-
14 703
total
-
-
-
33 909
Employee
30 701
-
60 907
-
pensions
3 472
-
4 011
-
surtax
-
-
-
-
social contributions
874
-
1 736
-
income
2 679
-
11 365
-
total
7 025
-
17 112
-
Employer
30 701
-
60 907
-
health
2 149
-
5 371
-
pensions
5 045
-
6 793
-
unemployment
1 244
-
2 467
-
social contributions
92
-
182
-
other
1 060
-
2 280
-
total
9 590
-
17 093
-
Corporate
37 710
78 000
-
-
income
10 559
21 840
-
-
surtax
-
-
-
-
total
10 559
21 840
-
-
Dividends
27 151
56 160
-
-
surtax
-
-
-
-
social contributions
4 670
9 659
-
-
withholding
3 475
7 189
-
-
total
8 145
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 319
38 688
34 205
33 909
After tax
42 681
39 312
43 795
44 091
Living cost
23 675
23 675
23 675
23 675
Free-cash
19 006
15 637
20 120
20 416

Estimated living cost  is ₴23675 per week

₴16023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55465
₴45069
₴42998
₴53819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
3 107
social contributions
-
-
-
17 160
total
-
-
-
20 267
Employee
15 759
-
67 532
-
income
-
-
3 338
-
social contributions
1 024
-
4 390
-
total
1 024
-
7 728
-
Employer
15 759
-
67 532
-
social contributions
2 443
-
10 468
-
total
2 443
-
10 468
-
Corporate
59 798
78 000
-
-
income
5 979
7 800
-
-
total
5 979
7 800
-
-
Dividends
53 819
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 446
7 800
18 196
20 267
After tax
68 554
70 200
59 804
57 733
Living cost
14 735
14 735
14 735
14 735
Free-cash
53 819
55 465
45 069
42 998

Estimated living cost  is ₴14735 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴28749
-₴28749
₴22886
-₴28749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
labour market
-
-
-
6 206
municipal
-
-
-
16 001
national
-
-
-
8 886
pensions
-
-
-
425
total
-
-
-
31 518
Employee
99 593
99 593
99 593
-
municipal
21 208
21 208
21 208
-
labour market
7 956
7 956
7 956
-
pensions
142
142
142
-
national
12 167
12 167
12 167
-
total
41 473
41 473
41 473
-
Employer
99 593
99 593
99 593
-
national
12 188
12 188
12 188
-
labour market
7 967
7 967
7 967
-
pensions
283
283
283
-
municipal
21 242
21 242
21 242
-
total
41 680
41 680
41 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
83 153
83 153
83 153
31 518
After tax
-5 153
-5 153
-5 153
46 482
Living cost
23 596
23 596
23 596
23 596
Free-cash
-28 749
-28 749
-28 749
22 886

Estimated living cost  is ₴23596 per week

₴16149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2087
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4431
₴31290
₴42606
₴4671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 191
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
24 645
Employee
16 909
-
69 666
-
pensions
1 904
-
3 784
-
income
2 320
-
15 866
-
health
1 936
-
7 977
-
total
6 160
-
27 627
-
Employer
16 909
-
69 666
-
pensions
2 749
-
5 464
-
accident
282
-
1 163
-
unemployment
414
-
1 707
-
total
3 445
-
8 334
-
Corporate
57 645
78 000
-
-
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.

51 880
70 200
-
-
total
51 880
70 200
-
-
Dividends
5 764
7 800
-
-
withholding
1 095
1 482
-
-
total
1 095
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 580
71 682
35 961
24 645
After tax
15 420
6 318
42 039
53 355
Living cost
10 749
10 749
10 749
10 749
Free-cash
4 671
-4 431
31 290
42 606

Estimated living cost  is ₴10749 per week

₴7824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴30576
₴22629
₴32704
₴31609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
78 000
health
-
-
-
996
municipal
-
-
-
13 860
national
-
-
-
11 621
total
-
-
-
26 477
Employee
25 790
-
65 617
-
municipal
4 224
-
10 692
-
unemployment
387
-
984
-
pensions
1 740
-
4 429
-
national
426
-
7 258
-
health
193
-
806
-
total
6 970
-
24 169
-
Employer
25 790
-
65 617
-
health
198
-
505
-
pensions
4 474
-
11 385
-
accident
26
-
66
-
unemployment
167
-
427
-
total
4 865
-
12 383
-
Corporate
47 344
78 000
-
-
income
9 469
15 600
-
-
total
9 469
15 600
-
-
Dividends

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

28 407
46 800
-
-
municipal
5 113
8 424
-
-
national
1 155
4 581
-
-
total
6 268
13 005
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 572
28 605
36 552
26 477
After tax
50 428
49 395
41 448
51 523
Living cost
18 819
18 819
18 819
18 819
Free-cash
31 609
30 576
22 629
32 704

Estimated living cost  is ₴18819 per week

₴12293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45580
₴41674
₴42381
₴42912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 350
social contributions
-
-
-
7 931
health
-
-
-
1 989
total
-
-
-
24 270
Employee
37 693
37 693
72 440
-
social contributions
1 425
3 128
4 219
-
income
4 104
3 489
13 967
-
health
292
641
1 232
-
total
5 821
7 258
19 418
-
Employer
37 693
37 693
72 440
-
health
317
698
1 340
-
social contributions
1 425
3 128
4 219
-
total
1 742
3 826
5 559
-
Corporate
59 087
36 481
-
-
income
7 386
4 560
-
-
total
7 386
4 560
-
-
Dividends
51 701
31 921
-
-
withholding
8 790
5 427
-
-
total
8 790
5 427
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 739
21 071
24 977
24 270
After tax
54 261
56 929
53 023
53 730
Living cost
11 349
11 349
11 349
11 349
Free-cash
42 912
45 580
41 674
42 381

Estimated living cost  is ₴11349 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56809
₴47611
₴57444
₴54315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78 000
income
-
-
-
7 867
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
12 773
Employee

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

11 251
-
73 209
-
unemployment
56
-
233
-
pensions
1 687
-
6 977
-
income
769
-
6 652
-
health
956
-
3 953
-
total
3 468
-
17 815
-
Employer

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

11 251
-
73 209
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
65 590
78 000
-
-
income
5 903
7 020
-
-
total
5 903
7 020
-
-
Dividends
59 687
70 980
-
-
withholding
5 372
6 388
-
-
total
5 372
6 388
-
-
Income
78 000
78 000
78 000
78 000
Total tax
15 902
13 408
22 606
12 773
After tax
62 098
64 592
55 394
65 227
Living cost
7 783
7 783
7 783
7 783
Free-cash
54 315
56 809
47 611
57 444

Estimated living cost  is ₴7783 per week

₴4965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38614
₴28329
₴30389
₴36439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
409
income
-
-
-
20 502
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
34 132
Employee
18 125
-
63 516
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 494
-
18 820
-
total
4 645
-
21 706
-
Employer
18 125
-
63 516
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
54 097
78 000
-
-
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.

8 114
11 700
-
-
total
8 114
11 700
-
-
Dividends
45 982
66 300
-
-
withholding
9 545
14 207
-
-
total
9 545
14 207
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 082
25 907
36 192
34 132
After tax
49 918
52 093
41 808
43 868
Living cost
13 479
13 479
13 479
13 479
Free-cash
36 439
38 614
28 329
30 389

Estimated living cost  is ₴13479 per week

₴9098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47711
₴49107
₴49175
₴47553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
26 655
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
27 864
Employee
1 463
-
77 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
26 619
-
health
73
-
175
-
total
503
-
27 144
-
Employer
1 463
-
77 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
76 208
78 000
-
-
income
16 766
17 160
-
-
total
16 766
17 160
-
-
Dividends
59 442
60 840
-
-
withholding
11 888
12 168
-
-
total
11 888
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 486
29 328
27 932
27 864
After tax
48 514
48 672
50 068
50 136
Living cost
961
961
961
961
Free-cash
47 553
47 711
49 107
49 175

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴47874
₴38368
₴38367
₴45460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
17 452
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
31 152
Employee

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

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

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

12 788
-
71 513
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
17 452
-
health
659
-
1 866
-
total
4 308
-
24 664
-
Employer

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

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

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

12 788
-
71 513
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
62 923
78 000
-
-
income
9 438
11 700
-
-
total
9 438
11 700
-
-
Dividends
53 484
66 300
-
-
withholding
8 023
9 945
-
-
total
8 023
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 059
21 645
31 151
31 152
After tax
53 941
56 355
46 849
46 848
Living cost
8 481
8 481
8 481
8 481
Free-cash
45 460
47 874
38 368
38 367

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31151
₴23180
₴28862
₴30976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
8 818
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 923
Employee
19 025
-
63 030
-
surtax
-
-
-
-
social contributions
2 093
-
6 933
-
income
3 717
-
19 702
-
total
5 810
-
26 635
-
Employer
19 025
-
63 030
-
social contributions
4 518
-
14 970
-
total
4 518
-
14 970
-
Corporate
54 457
78 000
-
-
income
11 436
16 380
-
-
surtax
-
-
-
-
total
11 436
16 380
-
-
Dividends
43 021
61 620
-
-
withholding
12 045
17 254
-
-
total
12 045
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 809
33 634
41 605
35 923
After tax
44 191
44 366
36 395
42 077
Living cost
13 215
13 215
13 215
13 215
Free-cash
30 976
31 151
23 180
28 862

Estimated living cost  is ₴13215 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
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.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34866
₴24581
₴26641
₴31522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
409
income
-
-
-
20 502
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
34 132
Employee
23 674
-
63 516
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
18 820
-
total
6 448
-
21 706
-
Employer
23 674
-
63 516
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
46 779
78 000
-
-
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.

7 017
11 700
-
-
total
7 017
11 700
-
-
Dividends
39 762
66 300
-
-
withholding
8 238
14 207
-
-
total
8 238
14 207
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 251
25 907
36 192
34 132
After tax
48 749
52 093
41 808
43 868
Living cost
17 227
17 227
17 227
17 227
Free-cash
31 522
34 866
24 581
26 641

Estimated living cost  is ₴17227 per week

₴12372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
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.
₴3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58263
₴56273
₴53304
₴55277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
16 269
Employee
11 159
-
74 643
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 503
-
income
1 116
-
7 464
-
health
513
-
787
-
total
2 732
-
9 942
-
Employer
11 159
-
74 643
-
health
770
-
1 181
-
pensions

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

1 230
-
1 886
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 190
-
3 358
-
Corporate
64 651
78 000
-
-
income
6 465
7 800
-
-
total
6 465
7 800
-
-
Dividends
58 186
70 200
-
-
withholding
2 909
3 510
-
-
total
2 909
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 296
11 310
13 300
16 269
After tax
63 704
66 690
64 700
61 731
Living cost
8 427
8 427
8 427
8 427
Free-cash
55 277
58 263
56 273
53 304

Estimated living cost  is ₴8427 per week

₴5574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21231
₴31265
₴23342
₴27643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income

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

-
-
-
23 186
surtax

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

-
-
-
1 275
health

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

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

-
-
-
3 349
trade
-
-
-
7 923
total
-
-
-
35 733
Employee

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

24 390
-
78 000
-
surtax

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

111
-
1 275
-
income

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

2 006
-
23 186
-
health

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

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

3 349
-
3 349
-
total
5 466
-
27 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 610
78 000
-
-
income
8 042
11 700
-
-
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.

442
644
-
-
chamber of commerce
153
189
-
-
trade
7 693
11 193
-
-
total
16 330
23 726
-
-
Dividends
37 280
54 274
-
-
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.

502
736
-
-
withholding
9 134
13 382
-
-
total
9 636
14 118
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 432
37 844
27 810
35 733
After tax
46 568
40 156
50 190
42 267
Living cost
18 925
18 925
18 925
18 925
Free-cash
27 643
21 231
31 265
23 342

Estimated living cost  is ₴18925 per week

₴13055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26677
₴14159
₴14159
₴27759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
23 098
social contributions
-
-
-
12 820
total
-
-
-
35 918
Employee
38 343
-
78 000
-
income
7 235
-
23 098
-
social contributions
3 186
-
12 820
-
total
10 421
-
35 918
-
Employer
38 343
-
78 000
-
total
-
-
-
-
Corporate
39 657
78 000
-
-
income
4 957
9 750
-
-
total
4 957
9 750
-
-
Dividends
34 700
68 250
-
-
withholding
6 940
13 650
-
-
total
6 940
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 318
23 400
35 918
35 918
After tax
55 682
54 600
42 082
42 082
Living cost
27 923
27 923
27 923
27 923
Free-cash
27 759
26 677
14 159
14 159

Estimated living cost  is ₴27923 per week

₴21243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30316
₴38174
₴43271
₴32028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
13 953
health

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

-
-
-
2 982
total
-
-
-
16 935
Employee
22 487
-
75 745
-
income
2 440
-
17 522
-
social contributions
2 253
-
2 255
-
total
4 693
-
19 777
-
Employer
22 487
-
75 745
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
53 260
78 000
-
-
income
18 642
27 300
-
-
total
18 642
27 300
-
-
Dividends
34 619
50 700
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 178
29 890
22 032
16 935
After tax
49 822
48 110
55 968
61 065
Living cost
17 794
17 794
17 794
17 794
Free-cash
32 028
30 316
38 174
43 271

Estimated living cost  is ₴17794 per week

₴11721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴33791
₴27094
₴34196
₴36680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 449
pensions
-
-
-
4 231
total
-
-
-
25 680
Employee
24 878
-
68 211
-
pensions
1 899
-
5 262
-
income
4 530
-
16 712
-
health
325
-
1 020
-
total
6 754
-
22 994
-
Employer
24 878
-
68 211
-
health
473
-
1 296
-
pensions
2 513
-
8 492
-
total
2 986
-
9 788
-
Corporate
50 136
78 000
-
-
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.

9 526
14 820
-
-
total
9 526
14 820
-
-
Dividends
40 610
63 180
-
-
withholding
3 930
11 265
-
-
total
3 930
11 265
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 196
26 085
32 782
25 680
After tax
54 804
51 915
45 218
52 320
Living cost
18 124
18 124
18 124
18 124
Free-cash
36 680
33 791
27 094
34 196

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5495
₴30226
₴41542
₴4508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 191
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
24 645
Employee
18 583
-
69 666
-
pensions
2 092
-
3 784
-
income
2 549
-
15 866
-
health
2 128
-
7 977
-
total
6 769
-
27 627
-
Employer
18 583
-
69 666
-
pensions
3 021
-
5 464
-
accident
310
-
1 163
-
unemployment
455
-
1 707
-
total
3 786
-
8 334
-
Corporate
55 630
78 000
-
-
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.

50 067
70 200
-
-
total
50 067
70 200
-
-
Dividends
5 563
7 800
-
-
withholding
1 057
1 482
-
-
total
1 057
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 679
71 682
35 961
24 645
After tax
16 321
6 318
42 039
53 355
Living cost
11 813
11 813
11 813
11 813
Free-cash
4 508
-5 495
30 226
41 542

Estimated living cost  is ₴11813 per week

₴8670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59015
₴47864
₴37194
₴56720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 000
income
-
-
-
12 734
unemployment
-
-
-
936
work injury
-
-
-
390
health insurance
-
-
-
5 772
pensions
-
-
-
14 352
total
-
-
-
34 184
Employee

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

10 595
-
78 000
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
12 734
-
total
3 974
-
23 514
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 405
78 000
-
-
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%.

674
780
-
-
total
674
780
-
-
Dividends
66 731
77 220
-
-
withholding
10 010
11 583
-
-
total
10 010
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 658
12 363
23 514
34 184
After tax
63 342
65 637
54 486
43 816
Living cost
6 622
6 622
6 622
6 622
Free-cash
56 720
59 015
47 864
37 194

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴21557
₴13891
₴17314
₴19328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 777
municipal
-
-
-
522
national
-
-
-
18 797
total
-
-
-
41 158
Employee
41 306
-
78 000
-
municipal
247
-
465
-
national
6 980
-
16 238
-
regional
624
-
1 576
-
social contributions
13 928
-
26 302
-
total
21 779
-
44 581
-
Employer
41 306
-
78 000
-
total
-
-
-
-
Corporate
36 694
78 000
-
-
municipal
1 768
3 760
-
-
nationa
8 806
18 720
-
-
total
10 574
22 480
-
-
Dividends
26 119
55 520
-
-
withholding
6 791
14 435
-
-
total
6 791
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 144
36 915
44 581
41 158
After tax
38 856
41 085
33 419
36 842
Living cost
19 528
19 528
19 528
19 528
Free-cash
19 328
21 557
13 891
17 314

Estimated living cost  is ₴19528 per week

₴13717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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