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
₴34785
₴26338
₴23491
₴29288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 523
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.

-
-
-
3 580
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.

-
-
-
1 239
trade
-
-
-
8 447
total
-
-
-
35 789
Employee

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

20 044
-
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.

560
-
22 523
-
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.

31
-
1 239
-
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.

3 580
-
3 580
-
total
4 171
-
27 342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 956
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.

478
643
-
-
income
8 693
11 700
-
-
chamber of commerce
163
192
-
-
trade
9 128
12 285
-
-
total
18 462
24 820
-
-
Dividends
39 493
53 179
-
-
withholding
9 674
13 096
-
-
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.

532
720
-
-
total
10 206
13 816
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 839
38 636
27 342
35 789
After tax
45 161
39 364
50 658
42 211
Living cost
15 873
15 873
15 873
15 873
Free-cash
29 288
23 491
34 785
26 338

Estimated living cost  is ₴15873 per week

₴9985
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.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18688
₴18076
₴20364
₴19893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
838
national
-
-
-
13 017
pensions
-
-
-
9 360
municipal
-
-
-
8 401
total
-
-
-
31 616
Employee
43 883
-
67 430
-
municipal
5 420
-
8 703
-
national
8 399
-
13 485
-
pensions
1 755
-
2 697
-
total
15 574
-
24 885
-
Employer
43 883
-
67 430
-
pensions
3 511
-
5 394
-
social contributions
472
-
725
-
total
3 983
-
6 119
-
Corporate
27 238
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%.

5 448
15 600
-
-
total
5 448
15 600
-
-
Dividends
21 791
62 400
-
-
withholding
4 794
13 728
-
-
total
4 794
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 799
29 328
31 004
31 616
After tax
48 201
48 672
46 996
46 384
Living cost
28 308
28 308
28 308
28 308
Free-cash
19 893
20 364
18 688
18 076

Estimated living cost  is ₴28308 per week

₴19241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36660
₴14403
₴51497
₴47197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
20 079
income
-
-
-
12 725
microenterprise
-
-
-
-
surtax
-
-
-
19 890
total
-
-
-
52 694
Employee
15 313
-
55 855
-
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.

1 685
-
6 144
-
income
2 726
-
10 837
-
surtax
-
-
-
-
total
4 411
-
16 981
-
Employer
15 313
-
55 855
-
surtax
-
-
-
-
social contributions

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

3 689
-
13 456
-
total
3 689
-
13 456
-
Corporate
58 998
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%.

11 800
15 600
-
-
total
11 800
15 600
-
-
Dividends

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

47 198
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 900
15 600
30 437
52 694
After tax
58 100
62 400
47 563
25 306
Living cost
10 903
10 903
10 903
10 903
Free-cash
47 197
51 497
36 660
14 403

Estimated living cost  is ₴10903 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25224
₴22104
₴16450
₴13239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 340
health
-
-
-
6 462
pensions
-
-
-
6 140
total
-
-
-
33 942
Employee
44 752
44 752
68 261
-
income

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

7 325
7 325
8 480
-
health
6 869
5 843
6 462
-
pensions
8 055
6 140
6 140
-
total
22 249
19 308
21 082
-
Employer
44 752
44 752
68 261
-
unemployment
1 611
1 611
2 002
-
pensions
3 115
3 115
3 872
-
health
3 111
3 111
3 866
-
total
7 837
7 837
9 740
-
Corporate
25 960
25 411
-
-
income
5 192
5 082
-
-
total
5 192
5 082
-
-
Dividends
20 768
20 329
-
-
withholding
3 115
3 049
-
-
income
4 414
4 320
-
-
total
7 529
7 369
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 807
39 596
30 822
33 942
After tax
35 193
38 404
47 178
44 058
Living cost
21 954
21 954
21 954
21 954
Free-cash
13 239
16 450
25 224
22 104

Estimated living cost  is ₴21954 per week

₴15558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19332
₴19846
₴21431
₴20956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
93
national
-
-
-
4 311
health
-
-
-
2 893
unemployment
-
-
-
46
other
-
-
-
5 388
pensions
-
-
-
5 012
municipal
-
-
-
19 254
total
-
-
-
36 997
Employee
30 147
-
63 431
-
municipal
8 990
-
18 915
-
national
-
-
4 027
-
total
8 990
-
22 942
-
Employer
30 147
-
63 431
-
other
3 503
-
5 388
-
unemployment
796
-
1 224
-
pensions
3 259
-
5 012
-
health
1 854
-
2 852
-
accident
60
-
93
-
total
9 472
-
14 569
-
Corporate
38 381
78 000
-
-
income
8 444
17 160
-
-
total
8 444
17 160
-
-
Dividends
29 937
60 840
-
-
withholding
8 981
18 252
-
-
total
8 981
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 887
35 412
37 511
36 997
After tax
42 113
42 588
40 489
41 003
Living cost
21 157
21 157
21 157
21 157
Free-cash
20 956
21 431
19 332
19 846

Estimated living cost  is ₴21157 per week

₴14022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2076
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30071
₴21248
₴18376
₴25741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 523
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.

-
-
-
3 580
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.

-
-
-
1 239
trade
-
-
-
8 823
total
-
-
-
36 165
Employee

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

26 576
-
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.

2 283
-
22 523
-
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.

125
-
1 239
-
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.

3 580
-
3 580
-
total
5 988
-
27 342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 424
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.

425
643
-
-
income
7 713
11 700
-
-
chamber of commerce
153
191
-
-
trade
8 459
12 831
-
-
total
16 750
25 365
-
-
Dividends
34 674
52 634
-
-
withholding
8 469
12 959
-
-
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.

465
713
-
-
total
8 934
13 672
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 672
39 037
27 342
36 165
After tax
46 328
38 963
50 658
41 835
Living cost
20 587
20 587
20 587
20 587
Free-cash
25 741
18 376
30 071
21 248

Estimated living cost  is ₴20587 per week

₴13769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36307
₴37032
₴39952
₴37777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 479
income
-
-
-
13 502
health
-
-
-
1 989
total
-
-
-
23 970
Employee
40 298
40 298
72 154
-
social contributions
1 958
3 344
4 511
-
income
4 232
3 730
13 112
-
health
401
685
1 226
-
total
6 591
7 759
18 849
-
Employer
40 298
40 298
72 154
-
health
437
746
1 335
-
social contributions
1 958
3 344
4 511
-
total
2 395
4 090
5 846
-
Corporate
52 017
33 612
-
-
income
6 502
4 202
-
-
total
6 502
4 202
-
-
Dividends
45 515
29 410
-
-
withholding
7 737
4 999
-
-
total
7 737
4 999
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 225
21 050
24 695
23 970
After tax
54 775
56 950
53 305
54 030
Living cost
16 998
16 998
16 998
16 998
Free-cash
37 777
39 952
36 307
37 032

Estimated living cost  is ₴16998 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34919
₴43735
₴33562
₴33777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 460
unemployment
-
-
-
1 170
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.

14 867
5 917
65 272
-
income
1 817
723
7 979
-
health
1 041
414
4 569
-
pensions
1 487
592
6 527
-
unemployment
223
89
979
-
total
4 568
1 818
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.

14 867
5 917
65 272
-
pensions
2 899
1 154
12 728
-
total
2 899
1 154
12 728
-
Corporate
60 234
70 930
-
-
income
5 421
6 384
-
-
total
5 421
6 384
-
-
Dividends
54 813
64 546
-
-
withholding
10 415
12 264
-
-
social contributions
10 621
12 519
-
-
total
21 036
24 783
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 924
34 139
32 782
23 966
After tax
44 076
43 861
45 218
54 034
Living cost
10 299
10 299
10 299
10 299
Free-cash
33 777
33 562
34 919
43 735

Estimated living cost  is ₴10299 per week

₴7028
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.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32300
₴29150
₴49742
₴46486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 867
-
58 296
-
income
1 674
-
11 240
-
pensions
297
-
1 166
-
unemployment
238
-
933
-
total
2 209
-
13 339
-
Employer
14 867
-
58 296
-
unemployment
119
-
466
-
pensions
2 974
-
11 659
-
health
1 932
-
7 578
-
total
5 025
-
19 703
-
Corporate
58 108
78 000
-
-
income
11 622
15 600
-
-
total
11 622
15 600
-
-
Dividends
46 486
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 856
15 600
33 042
36 192
After tax
59 144
62 400
44 958
41 808
Living cost
12 658
12 658
12 658
12 658
Free-cash
46 486
49 742
32 300
29 150

Estimated living cost  is ₴12658 per week

₴8682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴754
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.
₴2968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30357
₴41861
-₴5194
₴4552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
20 983
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
24 627
Employee
18 109
-
69 377
-
income
2 484
-
15 571
-
health
2 073
-
7 944
-
pensions
2 039
-
3 992
-
total
6 596
-
27 507
-
Employer
18 109
-
69 377
-
unemployment
444
-
1 700
-
pensions
2 945
-
5 765
-
accident
302
-
1 159
-
total
3 691
-
8 624
-
Corporate
56 201
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.

50 581
70 200
-
-
total
50 581
70 200
-
-
Dividends
5 620
7 800
-
-
withholding
1 068
1 482
-
-
total
1 068
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 936
71 682
36 131
24 627
After tax
16 064
6 318
41 869
53 373
Living cost
11 512
11 512
11 512
11 512
Free-cash
4 552
-5 194
30 357
41 861

Estimated living cost  is ₴11512 per week

₴8437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57933
₴72753
₴69633
₴68795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 584
-
78 000
-
income
1 117
-
15 600
-
total
1 117
-
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%.

72 416
78 000
-
-
total
-
-
-
-
Dividends
72 416
78 000
-
-
withholding
3 621
3 900
-
-
total
3 621
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 738
3 900
15 600
780
After tax
73 262
74 100
62 400
77 220
Living cost
4 467
4 467
4 467
4 467
Free-cash
68 795
69 633
57 933
72 753

Estimated living cost  is ₴4467 per week

₴2768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30587
₴27361
₴43343
₴39802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 818
health
-
-
-
3 432
other
-
-
-
3 705
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.

-
-
-
18 720
total
-
-
-
36 675
Employee
19 028
-
62 301
-
income
3 276
-
11 894
-
health
267
-
872
-
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.

1 332
-
4 361
-
unemployment
190
-
623
-
total
5 065
-
17 750
-
Employer
19 028
-
62 301
-
other
952
-
3 116
-
unemployment
190
-
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.

3 235
-
10 590
-
health
267
-
872
-
accident
152
-
498
-
total
4 796
-
15 699
-
Corporate
54 177
78 000
-
-
income
11 377
16 380
-
-
total
11 377
16 380
-
-
Dividends
42 799
61 620
-
-
withholding
2 996
4 313
-
-
total
2 996
4 313
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 234
20 693
33 449
36 675
After tax
53 766
57 307
44 551
41 325
Living cost
13 964
13 964
13 964
13 964
Free-cash
39 802
43 343
30 587
27 361

Estimated living cost  is ₴13964 per week

₴9866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10493
₴17636
₴17450
₴16021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 732
pensions
-
-
-
4 440
total
-
-
-
25 172
Employee
49 792
-
68 273
-
income
8 976
-
15 971
-
health
820
-
1 047
-
pensions
4 804
-
5 570
-
total
14 600
-
22 588
-
Employer
49 792
-
68 273
-
pensions
5 879
-
8 430
-
health
946
-
1 297
-
total
6 825
-
9 727
-
Corporate
21 383
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.

4 063
14 820
-
-
total
4 063
14 820
-
-
Dividends
17 320
63 180
-
-
withholding
1 299
10 538
-
-
total
1 299
10 538
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 787
25 358
32 315
25 172
After tax
51 213
52 642
45 685
52 828
Living cost
35 192
35 192
35 192
35 192
Free-cash
16 021
17 450
10 493
17 636

Estimated living cost  is ₴35192 per week

₴26370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4135
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.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57568
₴54652
₴59884
₴57473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 085
unemployment
-
-
-
73
pensions

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

-
-
-
2 684
total
-
-
-
16 542
Employee
9 013
-
74 442
-
income
901
-
7 444
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
health
415
-
834
-
pensions

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

791
-
1 592
-
total
2 206
-
10 069
-
Employer
9 013
-
74 442
-
unemployment
54
-
109
-
pensions

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

993
-
1 998
-
health
622
-
1 251
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
total
1 768
-
3 557
-
Corporate
67 219
78 000
-
-
income
6 722
7 800
-
-
total
6 722
7 800
-
-
Dividends
60 497
70 200
-
-
withholding
3 025
3 510
-
-
total
3 025
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 721
11 310
13 626
16 542
After tax
64 279
66 690
64 374
61 458
Living cost
6 806
6 806
6 806
6 806
Free-cash
57 473
59 884
57 568
54 652

Estimated living cost  is ₴6806 per week

₴3974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18118
₴14998
₴9344
₴10664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 340
health
-
-
-
6 462
pensions
-
-
-
6 140
total
-
-
-
33 942
Employee
48 587
44 752
68 261
-
income

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

7 325
7 325
8 480
-
health
6 061
5 843
6 462
-
pensions
6 140
6 140
6 140
-
total
19 526
19 308
21 082
-
Employer
48 587
44 752
68 261
-
unemployment
1 749
1 611
2 002
-
pensions
3 381
3 115
3 872
-
health
3 376
3 111
3 866
-
total
8 506
7 837
9 740
-
Corporate
20 906
25 411
-
-
income
4 181
5 082
-
-
total
4 181
5 082
-
-
Dividends
16 725
20 329
-
-
withholding
2 509
3 049
-
-
income
3 554
4 320
-
-
total
6 063
7 369
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 276
39 596
30 822
33 942
After tax
39 724
38 404
47 178
44 058
Living cost
29 060
29 060
29 060
29 060
Free-cash
10 664
9 344
18 118
14 998

Estimated living cost  is ₴29060 per week

₴21436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26498
₴28262
₴40619
₴35951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 828
income
-
-
-
7 296
health
-
-
-
10 530
solidarity contribution
-
-
-
-
total
-
-
-
36 654
Employee
19 242
-
58 209
-
social contributions
1 251
-
3 784
-
income
2 309
-
6 985
-
health
2 598
-
7 858
-
solidarity contribution
-
-
-
-
total
6 158
-
18 627
-
Employer
19 242
-
58 209
-
health
1 732
-
5 239
-
social contributions
4 810
-
14 552
-
total
6 542
-
19 791
-
Corporate
52 216
78 000
-
-
income
9 921
14 820
-
-
total
9 921
14 820
-
-
Dividends
42 295
63 180
-
-
withholding
6 344
9 477
-
-
total
6 344
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 965
24 297
38 418
36 654
After tax
49 035
53 703
39 582
41 346
Living cost
13 084
13 084
13 084
13 084
Free-cash
35 951
40 619
26 498
28 262

Estimated living cost  is ₴13084 per week

₴9088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
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.
₴2808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12388
₴16003
₴19503
₴16768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 454
regional
-
-
-
905
municipal
-
-
-
463
total
-
-
-
39 884
Employee
46 575
-
78 000
-
social contributions
15 705
-
26 301
-
municipal
247
-
414
-
regional
439
-
798
-
national
8 070
-
15 986
-
total
24 461
-
43 499
-
Employer
46 575
-
78 000
-
total
-
-
-
-
Corporate
31 425
78 000
-
-
nationa
7 542
18 720
-
-
municipal
1 225
3 042
-
-
total
8 767
21 762
-
-
Dividends
22 658
56 237
-
-
withholding
5 891
14 622
-
-
total
5 891
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 119
36 384
43 499
39 884
After tax
38 881
41 616
34 501
38 116
Living cost
22 113
22 113
22 113
22 113
Free-cash
16 768
19 503
12 388
16 003

Estimated living cost  is ₴22113 per week

₴15415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23115
₴25449
₴37498
₴35866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 158
health
-
-
-
4 966
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 989
surtax
-
-
-
2 755
total
-
-
-
40 987
Employee
17 330
-
64 436
-
income
2 905
-
16 945
-
surtax
57
-
2 386
-
health
443
-
1 643
-
pensions
1 156
-
4 298
-
unemployment
1 206
-
4 485
-
other
-
-
-
-
total
5 767
-
29 757
-
Employer
17 330
-
64 436
-
other
-
-
-
-
unemployment
549
-
2 043
-
pensions
2 310
-
8 589
-
health
789
-
2 932
-
total
3 648
-
13 564
-
Corporate
57 022
78 000
-
-
income
14 826
20 280
-
-
total
14 826
20 280
-
-
Dividends
42 196
57 720
-
-
withholding
6 329
8 658
-
-
total
6 329
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 570
28 938
43 321
40 987
After tax
47 430
49 062
34 679
37 013
Living cost
11 564
11 564
11 564
11 564
Free-cash
35 866
37 498
23 115
25 449

Estimated living cost  is ₴11564 per week

₴7071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1067
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.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21642
₴28785
₴28599
₴30259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 732
pensions
-
-
-
4 440
total
-
-
-
25 172
Employee
33 369
-
68 273
-
income
6 010
-
15 971
-
health
484
-
1 047
-
pensions
2 832
-
5 570
-
total
9 326
-
22 588
-
Employer
33 369
-
68 273
-
pensions
3 612
-
8 430
-
health
634
-
1 297
-
total
4 246
-
9 727
-
Corporate
40 385
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.

7 673
14 820
-
-
total
7 673
14 820
-
-
Dividends
32 712
63 180
-
-
withholding
2 453
10 538
-
-
total
2 453
10 538
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 698
25 358
32 315
25 172
After tax
54 302
52 642
45 685
52 828
Living cost
24 043
24 043
24 043
24 043
Free-cash
30 259
28 599
21 642
28 785

Estimated living cost  is ₴24043 per week

₴18013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1802
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.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18956
₴22748
-₴5477
₴12126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
822
health
-
-
-
175
national
-
-
-
934
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
pensions
-
-
-
7 175
regional
-
-
-
3 441
total
-
-
-
14 107
Employee
48 150
-
69 814
-
regional
1 577
-
2 956
-
health
109
-
157
-
national
228
-
755
-
pensions
4 045
-
5 864
-
unemployment
-
-
-
-
city
517
-
750
-
total
6 476
-
10 482
-
Employer
48 150
-
69 814
-
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.

963
-
1 396
-
unemployment
-
-
-
-
pensions
4 045
-
5 864
-
health
109
-
157
-
total
5 117
-
7 417
-
Corporate
24 204
78 000
-
-
regional
5 119
16 497
-
-
national
2 057
6 630
-
-
total
7 176
23 127
-
-
Dividends
17 027
54 873
-
-
withholding
5 960
19 205
-
-
total
5 960
19 205
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 729
42 332
17 899
14 107
After tax
53 271
35 668
60 101
63 893
Living cost
41 145
41 145
41 145
41 145
Free-cash
12 126
-5 477
18 956
22 748

Estimated living cost  is ₴41145 per week

₴26756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26651
₴17453
₴14556
₴23052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 523
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.

-
-
-
3 580
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.

-
-
-
1 239
trade
-
-
-
9 198
total
-
-
-
36 540
Employee

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

31 495
-
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.

3 704
-
22 523
-
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.

204
-
1 239
-
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.

3 580
-
3 580
-
total
7 488
-
27 342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 505
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.

384
643
-
-
income
6 975
11 700
-
-
chamber of commerce
145
189
-
-
trade
7 976
13 377
-
-
total
15 480
25 909
-
-
Dividends
31 025
52 090
-
-
withholding
7 557
12 823
-
-
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.

416
705
-
-
total
7 973
13 528
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 941
39 437
27 342
36 540
After tax
47 059
38 563
50 658
41 460
Living cost
24 007
24 007
24 007
24 007
Free-cash
23 052
14 556
26 651
17 453

Estimated living cost  is ₴24007 per week

₴17534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1920
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.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26537
₴26256
₴21383
₴24476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 222
income
-
-
-
11 049
health
-
-
-
2 852
other
-
-
-
2 418
pensions
-
-
-
15 273
surtax
-
-
-
-
total
-
-
-
33 814
Employee
22 429
-
61 239
-
social contributions
639
-
1 744
-
income
1 324
-
11 133
-
surtax
-
-
-
-
pensions
2 536
-
3 895
-
total
4 499
-
16 772
-
Employer
22 429
-
61 239
-
other
774
-
2 235
-
unemployment
908
-
2 480
-
pensions
3 685
-
6 624
-
health
1 570
-
5 238
-
social contributions
68
-
184
-
total
7 005
-
16 761
-
Corporate
48 567
78 000
-
-
surtax
-
-
-
-
income
13 599
21 840
-
-
total
13 599
21 840
-
-
Dividends
34 968
56 160
-
-
withholding
4 476
7 188
-
-
surtax
-
-
-
-
social contributions
6 015
9 659
-
-
total
10 491
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 594
38 687
33 533
33 814
After tax
42 406
39 313
44 467
44 186
Living cost
17 930
17 930
17 930
17 930
Free-cash
24 476
21 383
26 537
26 256

Estimated living cost  is ₴17930 per week

₴11305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28314
₴28033
₴23160
₴26070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 222
income
-
-
-
11 049
health
-
-
-
2 852
other
-
-
-
2 418
pensions
-
-
-
15 273
surtax
-
-
-
-
total
-
-
-
33 814
Employee
20 021
-
61 239
-
social contributions
571
-
1 744
-
income
1 032
-
11 133
-
surtax
-
-
-
-
pensions
2 264
-
3 895
-
total
3 867
-
16 772
-
Employer
20 021
-
61 239
-
other
691
-
2 235
-
unemployment
811
-
2 480
-
pensions
3 290
-
6 624
-
health
1 401
-
5 238
-
social contributions
60
-
184
-
total
6 253
-
16 761
-
Corporate
51 727
78 000
-
-
surtax
-
-
-
-
income
14 484
21 840
-
-
total
14 484
21 840
-
-
Dividends
37 243
56 160
-
-
withholding
4 767
7 188
-
-
surtax
-
-
-
-
social contributions
6 406
9 659
-
-
total
11 173
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 777
38 687
33 533
33 814
After tax
42 223
39 313
44 467
44 186
Living cost
16 153
16 153
16 153
16 153
Free-cash
26 070
23 160
28 314
28 033

Estimated living cost  is ₴16153 per week

₴9368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
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.
₴4838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37791
₴38979
₴36476
₴36748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 764
income
-
-
-
11 700
health
-
-
-
5 445
total
-
-
-
27 909
Employee
17 769
-
78 000
-
social contributions
2 452
-
10 764
-
income
2 964
-
12 888
-
health
1 240
-
5 445
-
total
6 656
-
29 097
-
Employer
17 769
-
78 000
-
total
-
-
-
-
Corporate
60 231
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%.

3 011
3 900
-
-
total
3 011
3 900
-
-
Dividends
57 220
74 100
-
-
health
3 994
5 172
-
-
withholding
8 583
11 115
-
-
social contributions
7 896
10 225
-
-
total
20 473
26 512
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 140
30 412
29 097
27 909
After tax
47 860
47 588
48 903
50 091
Living cost
11 112
11 112
11 112
11 112
Free-cash
36 748
36 476
37 791
38 979

Estimated living cost  is ₴11112 per week

₴7437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴685
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.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1903
₴21475
₴24827
₴24016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 421
health
-
-
-
4 683
unemployment
-
-
-
3 214
pensions
-
-
-
11 326
surtax
-
-
-
103
chamber of commerce
-
-
-
312
total
-
-
-
38 059
Employee
26 190
20 884
60 488
-
income
2 982
1 540
14 539
-
health
1 013
809
2 341
-
pensions
2 682
2 138
6 194
-
unemployment
786
627
1 815
-
other
262
209
605
-
total
7 725
5 323
25 494
-
Employer
26 190
20 884
60 488
-
other
1 244
992
2 873
-
surtax
103
103
103
-
unemployment
786
627
1 815
-
pensions
3 287
2 621
7 591
-
payroll
786
627
1 815
-
health
990
790
2 286
-
accident
340
271
787
-
chamber of commerce
104
84
242
-
total
7 640
6 115
17 512
-
Corporate
44 170
51 001
58 499
-
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.

11 043
12 750
14 625
-
total
11 043
12 750
14 625
-
Dividends
33 127
38 251
-
-
withholding
9 110
10 519
-
-
total
9 110
10 519
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 518
34 707
57 631
38 059
After tax
42 482
43 293
20 369
39 941
Living cost
18 466
18 466
18 466
18 466
Free-cash
24 016
24 827
1 903
21 475

Estimated living cost  is ₴18466 per week

₴12316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9158
₴14999
₴24545
₴16687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 195
national
-
-
-
27 750
communal

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

-
-
-
3 948
total
-
-
-
43 893
Employee

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

37 486
-
60 410
-
communal

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

1 955
-
3 151
-
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.

1 761
-
2 839
-
national
11 525
-
21 105
-
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.

2 811
-
4 531
-
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.

326
-
525
-
total
18 378
-
32 151
-
Employer

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

37 486
-
60 410
-
surtax
4 250
-
6 850
-
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.

547
-
882
-
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.

3 322
-
5 352
-
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.

2 305
-
3 714
-
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.

487
-
785
-
total
10 911
-
17 583
-
Corporate
29 602
78 000
-
-
surtax
118
312
-
-
income
5 920
15 600
-
-
total
6 038
15 912
-
-
Dividends
23 564
62 088
-
-
withholding

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

6 878
18 435
-
-
total
6 878
18 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 205
34 347
49 734
43 893
After tax
35 795
43 653
28 266
34 107
Living cost
19 108
19 108
19 108
19 108
Free-cash
16 687
24 545
9 158
14 999

Estimated living cost  is ₴19108 per week

₴12308
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.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22789
₴25007
₴33239
₴29395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
438
income
-
-
-
19 494
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
34 067
Employee
26 086
-
62 515
-
income
5 504
-
17 714
-
pensions
1 226
-
2 283
-
unemployment
405
-
753
-
other
26
-
49
-
total
7 161
-
20 799
-
Employer
26 086
-
62 515
-
other
208
-
389
-
unemployment
1 435
-
2 671
-
pensions
6 156
-
11 464
-
accident
516
-
962
-
total
8 315
-
15 486
-
Corporate
43 599
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.

6 540
11 700
-
-
total
6 540
11 700
-
-
Dividends
37 059
66 300
-
-
withholding
7 663
14 135
-
-
total
7 663
14 135
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 679
25 835
36 285
34 067
After tax
48 321
52 165
41 715
43 933
Living cost
18 926
18 926
18 926
18 926
Free-cash
29 395
33 239
22 789
25 007

Estimated living cost  is ₴18926 per week

₴13937
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.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14797
₴11687
₴17943
₴11985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
657
income
-
-
-
11 208
health
-
-
-
5 481
communal
-
-
-
4 930
pensions
-
-
-
11 691
surtax
-
-
-
3 867
total
-
-
-
37 834
Employee
39 686
-
69 673
-
income
3 833
-
13 453
-
surtax
2 433
-
4 269
-
health
1 766
-
3 101
-
pensions
3 174
-
5 574
-
total
11 206
-
26 397
-
Employer
39 686
-
69 673
-
pensions
3 174
-
5 574
-
health
1 210
-
2 125
-
accident
357
-
628
-
total
4 741
-
8 327
-
Corporate
33 572
78 000
-
-
surtax
352
819
-
-
income
5 036
11 700
-
-
communal
2 266
5 265
-
-
total
7 654
17 784
-
-
Dividends
25 917
60 215
-
-
withholding
3 887
9 032
-
-
income
10 048
4 762
-
-
total
13 935
13 794
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 536
31 578
34 724
37 834
After tax
40 464
46 422
43 276
40 166
Living cost
28 479
28 479
28 479
28 479
Free-cash
11 985
17 943
14 797
11 687

Estimated living cost  is ₴28479 per week

₴21364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22908
₴25242
₴37291
₴35623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 158
health
-
-
-
4 966
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 989
surtax
-
-
-
2 755
total
-
-
-
40 987
Employee
17 648
-
64 436
-
income
2 959
-
16 945
-
surtax
63
-
2 386
-
health
451
-
1 643
-
pensions
1 177
-
4 298
-
unemployment
1 228
-
4 485
-
other
-
-
-
-
total
5 878
-
29 757
-
Employer
17 648
-
64 436
-
other
-
-
-
-
unemployment
560
-
2 043
-
pensions
2 353
-
8 589
-
health
803
-
2 932
-
total
3 716
-
13 564
-
Corporate
56 636
78 000
-
-
income
14 726
20 280
-
-
total
14 726
20 280
-
-
Dividends
41 911
57 720
-
-
withholding
6 286
8 658
-
-
total
6 286
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 606
28 938
43 321
40 987
After tax
47 394
49 062
34 679
37 013
Living cost
11 771
11 771
11 771
11 771
Free-cash
35 623
37 291
22 908
25 242

Estimated living cost  is ₴11771 per week

₴7107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴3368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20132
₴23728
₴26882
₴25718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 454
regional
-
-
-
1 176
municipal
-
-
-
463
total
-
-
-
40 155
Employee
29 070
-
78 000
-
social contributions
9 803
-
26 301
-
municipal
154
-
414
-
regional
391
-
1 050
-
national
4 606
-
15 986
-
total
14 954
-
43 751
-
Employer
29 070
-
78 000
-
total
-
-
-
-
Corporate
48 930
78 000
-
-
nationa
11 743
18 720
-
-
municipal
2 432
3 877
-
-
total
14 175
22 597
-
-
Dividends
34 755
55 403
-
-
withholding
9 036
14 404
-
-
total
9 036
14 404
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 165
37 001
43 751
40 155
After tax
39 835
40 999
34 249
37 845
Living cost
14 117
14 117
14 117
14 117
Free-cash
25 718
26 882
20 132
23 728

Estimated living cost  is ₴14117 per week

₴8779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23459
₴25223
₴37580
₴31828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 828
income
-
-
-
7 296
health
-
-
-
10 530
solidarity contribution
-
-
-
-
total
-
-
-
36 654
Employee
23 711
-
58 209
-
social contributions
1 541
-
3 784
-
income
2 845
-
6 985
-
health
3 201
-
7 858
-
solidarity contribution
-
-
-
-
total
7 587
-
18 627
-
Employer
23 711
-
58 209
-
health
2 134
-
5 239
-
social contributions
5 928
-
14 552
-
total
8 062
-
19 791
-
Corporate
46 228
78 000
-
-
income
8 783
14 820
-
-
total
8 783
14 820
-
-
Dividends
37 445
63 180
-
-
withholding
5 617
9 477
-
-
total
5 617
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 049
24 297
38 418
36 654
After tax
47 951
53 703
39 582
41 346
Living cost
16 123
16 123
16 123
16 123
Free-cash
31 828
37 580
23 459
25 223

Estimated living cost  is ₴16123 per week

₴11990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3668
₴23325
₴26629
₴26373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 421
health
-
-
-
4 683
unemployment
-
-
-
3 214
pensions
-
-
-
11 326
surtax
-
-
-
-
chamber of commerce
-
-
-
312
total
-
-
-
37 956
Employee
22 908
20 884
60 568
-
income
2 041
1 540
14 566
-
health
886
809
2 344
-
pensions
2 346
2 138
6 203
-
unemployment
687
627
1 817
-
other
229
209
606
-
total
6 189
5 323
25 536
-
Employer
22 908
20 884
60 568
-
other
1 088
992
2 877
-
surtax
-
-
-
-
unemployment
687
627
1 817
-
pensions
2 875
2 621
7 601
-
payroll
687
627
1 817
-
health
866
790
2 289
-
accident
297
271
788
-
chamber of commerce
91
84
243
-
total
6 591
6 012
17 432
-
Corporate
48 499
51 105
58 579
-
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.

12 125
12 776
14 645
-
total
12 125
12 776
14 645
-
Dividends
36 374
38 328
-
-
withholding
10 003
10 541
-
-
total
10 003
10 541
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 908
34 652
57 613
37 956
After tax
43 092
43 348
20 387
40 044
Living cost
16 719
16 719
16 719
16 719
Free-cash
26 373
26 629
3 668
23 325

Estimated living cost  is ₴16719 per week

₴10030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55438
₴70258
₴67138
₴65833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 702
-
78 000
-
income
1 740
-
15 600
-
total
1 740
-
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%.

69 298
78 000
-
-
total
-
-
-
-
Dividends
69 298
78 000
-
-
withholding
3 465
3 900
-
-
total
3 465
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 205
3 900
15 600
780
After tax
72 795
74 100
62 400
77 220
Living cost
6 962
6 962
6 962
6 962
Free-cash
65 833
67 138
55 438
70 258

Estimated living cost  is ₴6962 per week

₴4711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴292
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.
₴1725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22700
₴24765
₴39647
₴35264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 141
health
-
-
-
7 676
unemployment
-
-
-
117
pensions
-
-
-
14 245
total
-
-
-
39 179
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.

23 174
-
67 491
-
income
3 996
-
15 820
-
health
1 497
-
4 360
-
pensions
3 592
-
10 461
-
unemployment
33
-
94
-
total
9 118
-
30 735
-
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.

23 174
-
67 491
-
unemployment
14
-
41
-
pensions
2 051
-
5 973
-
health
1 543
-
4 495
-
total
3 608
-
10 509
-
Corporate
51 218
78 000
-
-
income
9 731
14 820
-
-
total
9 731
14 820
-
-
Dividends
41 487
63 180
-
-
withholding
6 223
9 477
-
-
total
6 223
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 680
24 297
41 244
39 179
After tax
49 320
53 703
36 756
38 821
Living cost
14 056
14 056
14 056
14 056
Free-cash
35 264
39 647
22 700
24 765

Estimated living cost  is ₴14056 per week

₴9647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45592
₴29068
₴22619
-₴7824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 892
income
-
-
-
15 204
total
-
-
-
24 096
Employee
35 612
-
-
-
social contributions
2 920
-
416
-
income
7 855
-
-
-
total
10 775
-
416
-
Employer
35 612
-
-
-
social contributions
50 213
-
7 156
-
total
50 213
-
7 156
-
Corporate
-
78 000
-
-
income
-
17 160
-
-
total
-
17 160
-
-
Dividends
-
60 840
-
-
income
-
13 385
-
-
total
-
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
60 988
30 545
7 572
24 096
After tax
17 012
47 455
70 428
53 904
Living cost
24 836
24 836
24 836
24 836
Free-cash
-7 824
22 619
45 592
29 068

Estimated living cost  is ₴24836 per week

₴16115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2336
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.
₴6069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20339
₴25833
₴27928
₴27402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
27 105
income
-
-
-
8 624
surtax
-
-
-
-
total
-
-
-
35 729
Employee
24 103
-
63 030
-
social contributions
2 651
-
6 934
-
income
5 013
-
19 320
-
surtax
-
-
-
-
total
7 664
-
26 254
-
Employer
24 103
-
63 030
-
social contributions
5 724
-
14 969
-
total
5 724
-
14 969
-
Corporate
48 173
78 000
-
-
surtax
-
-
-
-
income
10 116
16 380
-
-
total
10 116
16 380
-
-
Dividends
38 057
61 620
-
-
withholding
10 656
17 254
-
-
total
10 656
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 160
33 634
41 223
35 729
After tax
43 840
44 366
36 777
42 271
Living cost
16 438
16 438
16 438
16 438
Free-cash
27 402
27 928
20 339
25 833

Estimated living cost  is ₴16438 per week

₴12299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19156
₴18875
₴14002
₴17605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 222
income
-
-
-
11 049
health
-
-
-
2 852
other
-
-
-
2 418
pensions
-
-
-
15 273
surtax
-
-
-
-
total
-
-
-
33 814
Employee
32 823
-
61 239
-
social contributions
935
-
1 744
-
income
2 864
-
11 133
-
surtax
-
-
-
-
pensions
3 712
-
3 895
-
total
7 511
-
16 772
-
Employer
32 823
-
61 239
-
other
1 133
-
2 235
-
unemployment
1 330
-
2 480
-
pensions
5 393
-
6 624
-
health
2 297
-
5 238
-
social contributions
98
-
184
-
total
10 251
-
16 761
-
Corporate
34 926
78 000
-
-
surtax
-
-
-
-
income
9 779
21 840
-
-
total
9 779
21 840
-
-
Dividends
25 147
56 160
-
-
withholding
3 219
7 188
-
-
surtax
-
-
-
-
social contributions
4 324
9 659
-
-
total
7 543
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 084
38 687
33 533
33 814
After tax
42 916
39 313
44 467
44 186
Living cost
25 311
25 311
25 311
25 311
Free-cash
17 605
14 002
19 156
18 875

Estimated living cost  is ₴25311 per week

₴17130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2071
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44258
₴42185
₴54447
₴52686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 902
social contributions
-
-
-
17 160
total
-
-
-
20 062
Employee
16 848
-
67 533
-
social contributions
1 095
-
4 390
-
income
-
-
3 132
-
total
1 095
-
7 522
-
Employer
16 848
-
67 533
-
social contributions
2 612
-
10 467
-
total
2 612
-
10 467
-
Corporate
58 541
78 000
-
-
income
5 854
7 800
-
-
total
5 854
7 800
-
-
Dividends
52 687
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 561
7 800
17 989
20 062
After tax
68 439
70 200
60 011
57 938
Living cost
15 753
15 753
15 753
15 753
Free-cash
52 686
54 447
44 258
42 185

Estimated living cost  is ₴15753 per week

₴10186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35976
₴21627
-₴35976
-₴35976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 695
pensions
-
-
-
453
labour market
-
-
-
6 204
municipal
-
-
-
15 828
total
-
-
-
31 180
Employee
106 336
106 336
106 336
-
municipal
22 644
22 644
22 644
-
national
12 991
12 991
12 991
-
pensions
151
151
151
-
labour market
8 495
8 495
8 495
-
total
44 281
44 281
44 281
-
Employer
106 336
106 336
106 336
-
national
13 013
13 013
13 013
-
pensions
302
302
302
-
labour market
8 507
8 507
8 507
-
municipal
22 680
22 680
22 680
-
total
44 502
44 502
44 502
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
88 783
88 783
88 783
31 180
After tax
-10 783
-10 783
-10 783
46 820
Living cost
25 193
25 193
25 193
25 193
Free-cash
-35 976
-35 976
-35 976
21 627

Estimated living cost  is ₴25193 per week

₴17243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30527
₴42031
-₴5024
₴4578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
20 983
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
24 627
Employee
17 842
-
69 377
-
income
2 448
-
15 571
-
health
2 043
-
7 944
-
pensions
2 009
-
3 992
-
total
6 500
-
27 507
-
Employer
17 842
-
69 377
-
unemployment
437
-
1 700
-
pensions
2 901
-
5 765
-
accident
298
-
1 159
-
total
3 636
-
8 624
-
Corporate
56 522
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.

50 870
70 200
-
-
total
50 870
70 200
-
-
Dividends
5 652
7 800
-
-
withholding
1 074
1 482
-
-
total
1 074
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 080
71 682
36 131
24 627
After tax
15 920
6 318
41 869
53 373
Living cost
11 342
11 342
11 342
11 342
Free-cash
4 578
-5 024
30 527
42 031

Estimated living cost  is ₴11342 per week

₴8256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21706
₴32268
₴29646
₴30619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
10 766
health
-
-
-
983
municipal
-
-
-
13 863
total
-
-
-
25 612
Employee
27 572
-
65 618
-
municipal
4 516
-
10 694
-
health
206
-
792
-
national
455
-
6 891
-
pensions
1 861
-
4 429
-
unemployment
414
-
985
-
total
7 452
-
23 791
-
Employer
27 572
-
65 618
-
unemployment
179
-
427
-
pensions
4 784
-
11 385
-
health
212
-
505
-
accident
28
-
66
-
total
5 203
-
12 383
-
Corporate
45 226
78 000
-
-
income
9 045
15 600
-
-
total
9 045
15 600
-
-
Dividends

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

27 136
46 800
-
-
municipal
4 884
8 424
-
-
national
677
4 210
-
-
total
5 561
12 634
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 261
28 234
36 174
25 612
After tax
50 739
49 766
41 826
52 388
Living cost
20 120
20 120
20 120
20 120
Free-cash
30 619
29 646
21 706
32 268

Estimated living cost  is ₴20120 per week

₴13142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41172
₴41897
₴44817
₴41963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 479
income
-
-
-
13 502
health
-
-
-
1 989
total
-
-
-
23 970
Employee
40 298
40 298
72 154
-
social contributions
1 524
3 344
4 511
-
income
4 388
3 730
13 112
-
health
312
685
1 226
-
total
6 224
7 759
18 849
-
Employer
40 298
40 298
72 154
-
health
339
746
1 335
-
social contributions
1 524
3 344
4 511
-
total
1 863
4 090
5 846
-
Corporate
57 780
33 612
-
-
income
7 223
4 202
-
-
total
7 223
4 202
-
-
Dividends
50 557
29 410
-
-
withholding
8 594
4 999
-
-
total
8 594
4 999
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 904
21 050
24 695
23 970
After tax
54 096
56 950
53 305
54 030
Living cost
12 133
12 133
12 133
12 133
Free-cash
41 963
44 817
41 172
41 897

Estimated living cost  is ₴12133 per week

₴7272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46104
₴56616
₴56271
₴53606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 818
health
-
-
-
1 897
unemployment
-
-
-
15
pensions
-
-
-
3 334
total
-
-
-
13 064
Employee

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

12 029
-
72 878
-
income
822
-
6 519
-
health
1 022
-
4 227
-
pensions
1 804
-
7 459
-
unemployment
60
-
249
-
total
3 708
-
18 454
-
Employer

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

12 029
-
72 878
-
unemployment
60
-
249
-
pensions
661
-
2 735
-
health
517
-
2 138
-
total
1 238
-
5 122
-
Corporate
64 733
78 000
-
-
income
5 826
7 020
-
-
total
5 826
7 020
-
-
Dividends
58 907
70 980
-
-
withholding
5 302
6 389
-
-
total
5 302
6 389
-
-
Income
78 000
78 000
78 000
78 000
Total tax
16 074
13 409
23 576
13 064
After tax
61 926
64 591
54 424
64 936
Living cost
8 320
8 320
8 320
8 320
Free-cash
53 606
56 271
46 104
56 616

Estimated living cost  is ₴8320 per week

₴5309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27304
₴29522
₴37754
₴35337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
438
income
-
-
-
19 494
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
34 067
Employee
19 378
-
62 515
-
income
3 736
-
17 714
-
pensions
911
-
2 283
-
unemployment
300
-
753
-
other
19
-
49
-
total
4 966
-
20 799
-
Employer
19 378
-
62 515
-
other
155
-
389
-
unemployment
1 066
-
2 671
-
pensions
4 573
-
11 464
-
accident
384
-
962
-
total
6 178
-
15 486
-
Corporate
52 445
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.

7 866
11 700
-
-
total
7 866
11 700
-
-
Dividends
44 578
66 300
-
-
withholding
9 242
14 135
-
-
total
9 242
14 135
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 252
25 835
36 285
34 067
After tax
49 748
52 165
41 715
43 933
Living cost
14 411
14 411
14 411
14 411
Free-cash
35 337
37 754
27 304
29 522

Estimated living cost  is ₴14411 per week

₴9727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49236
₴49298
₴47789
₴47644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 708
health
-
-
-
467
pensions
-
-
-
644
total
-
-
-
27 819
Employee
1 345
-
77 276
-
income
260
-
26 674
-
health
67
-
161
-
pensions
121
-
290
-
unemployment
13
-
32
-
total
461
-
27 157
-
Employer
1 345
-
77 276
-
unemployment
27
-
64
-
pensions
148
-
354
-
health
128
-
306
-
total
303
-
724
-
Corporate
76 353
78 000
-
-
income
16 798
17 160
-
-
total
16 798
17 160
-
-
Dividends
59 555
60 840
-
-
withholding
11 911
12 168
-
-
total
11 911
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 473
29 328
27 881
27 819
After tax
48 527
48 672
50 119
50 181
Living cost
883
883
883
883
Free-cash
47 644
47 789
49 236
49 298

Estimated living cost  is ₴883 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37011
₴37010
₴47302
₴44727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 313
health
-
-
-
3 985
unemployment
-
-
-
580
pensions
-
-
-
10 059
total
-
-
-
31 937
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.

13 652
-
71 075
-
income
1 882
-
17 313
-
health
703
-
1 992
-
pensions
1 911
-
5 416
-
unemployment
102
-
290
-
total
4 598
-
25 011
-
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.

13 652
-
71 075
-
unemployment
102
-
290
-
pensions
1 638
-
4 643
-
health
703
-
1 992
-
total
2 443
-
6 925
-
Corporate
61 904
78 000
-
-
income
9 286
11 700
-
-
total
9 286
11 700
-
-
Dividends
52 619
66 300
-
-
withholding
7 893
9 945
-
-
total
7 893
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 220
21 645
31 936
31 937
After tax
53 780
56 355
46 064
46 063
Living cost
9 053
9 053
9 053
9 053
Free-cash
44 727
47 302
37 011
37 010

Estimated living cost  is ₴9053 per week

₴6096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22649
₴28143
₴30238
₴30049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
27 105
income
-
-
-
8 624
surtax
-
-
-
-
total
-
-
-
35 729
Employee
20 340
-
63 030
-
social contributions
2 238
-
6 934
-
income
3 974
-
19 320
-
surtax
-
-
-
-
total
6 212
-
26 254
-
Employer
20 340
-
63 030
-
social contributions
4 830
-
14 969
-
total
4 830
-
14 969
-
Corporate
52 830
78 000
-
-
surtax
-
-
-
-
income
11 095
16 380
-
-
total
11 095
16 380
-
-
Dividends
41 735
61 620
-
-
withholding
11 686
17 254
-
-
total
11 686
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 823
33 634
41 223
35 729
After tax
44 177
44 366
36 777
42 271
Living cost
14 128
14 128
14 128
14 128
Free-cash
30 049
30 238
22 649
28 143

Estimated living cost  is ₴14128 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23297
₴25515
₴33747
₴30082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
438
income
-
-
-
19 494
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
34 067
Employee
25 310
-
62 515
-
income
5 286
-
17 714
-
pensions
1 189
-
2 283
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 892
-
20 799
-
Employer
25 310
-
62 515
-
other
203
-
389
-
unemployment
1 392
-
2 671
-
pensions
5 973
-
11 464
-
accident
501
-
962
-
total
8 069
-
15 486
-
Corporate
44 621
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.

6 693
11 700
-
-
total
6 693
11 700
-
-
Dividends
37 928
66 300
-
-
withholding
7 846
14 135
-
-
total
7 846
14 135
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 500
25 835
36 285
34 067
After tax
48 500
52 165
41 715
43 933
Living cost
18 418
18 418
18 418
18 418
Free-cash
30 082
33 747
23 297
25 515

Estimated living cost  is ₴18418 per week

₴13227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55444
₴52528
₴57760
₴54596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 085
unemployment
-
-
-
73
pensions

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

-
-
-
2 684
total
-
-
-
16 542
Employee
11 825
-
74 442
-
income
1 183
-
7 444
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
health
544
-
834
-
pensions

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

1 038
-
1 592
-
total
2 895
-
10 069
-
Employer
11 825
-
74 442
-
unemployment
71
-
109
-
pensions

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

1 303
-
1 998
-
health
816
-
1 251
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
total
2 320
-
3 557
-
Corporate
63 855
78 000
-
-
income
6 385
7 800
-
-
total
6 385
7 800
-
-
Dividends
57 469
70 200
-
-
withholding
2 874
3 510
-
-
total
2 874
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 474
11 310
13 626
16 542
After tax
63 526
66 690
64 374
61 458
Living cost
8 930
8 930
8 930
8 930
Free-cash
54 596
57 760
55 444
52 528

Estimated living cost  is ₴8930 per week

₴5906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴511
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30426
₴22730
₴19935
₴26790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 523
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.

-
-
-
3 580
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.

-
-
-
1 239
trade
-
-
-
7 696
total
-
-
-
35 038
Employee

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

26 075
-
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.

2 144
-
22 523
-
surtax

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

118
-
1 239
-
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.

3 580
-
3 580
-
total
5 842
-
27 342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 925
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.

429
643
-
-
income
7 789
11 700
-
-
chamber of commerce
156
194
-
-
trade
7 451
11 193
-
-
total
15 825
23 730
-
-
Dividends
36 100
54 269
-
-
withholding
8 826
13 368
-
-
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.

485
735
-
-
total
9 311
14 103
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 978
37 833
27 342
35 038
After tax
47 022
40 167
50 658
42 962
Living cost
20 232
20 232
20 232
20 232
Free-cash
26 790
19 935
30 426
22 730

Estimated living cost  is ₴20232 per week

₴13957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and 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

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
₴12927
₴12927
₴24747
₴25905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 538
social contributions
-
-
-
12 682
total
-
-
-
35 220
Employee
40 993
-
78 000
-
social contributions
3 406
-
12 682
-
income
7 735
-
22 538
-
total
11 141
-
35 220
-
Employer
40 993
-
78 000
-
total
-
-
-
-
Corporate
37 007
78 000
-
-
income
4 625
9 750
-
-
total
4 625
9 750
-
-
Dividends
32 382
68 250
-
-
withholding
6 476
13 650
-
-
total
6 476
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 242
23 400
35 220
35 220
After tax
55 758
54 600
42 780
42 780
Living cost
29 853
29 853
29 853
29 853
Free-cash
25 905
24 747
12 927
12 927

Estimated living cost  is ₴29853 per week

₴22711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37309
₴40846
₴28908
₴30738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 917
health

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

-
-
-
3 214
total
-
-
-
18 131
Employee
24 041
-
75 589
-
social contributions
2 409
-
2 411
-
income
2 609
-
16 846
-
total
5 018
-
19 257
-
Employer
24 041
-
75 589
-
social contributions
2 409
-
2 411
-
total
2 409
-
2 411
-
Corporate
51 551
78 000
-
-
income
18 043
27 300
-
-
total
18 043
27 300
-
-
Dividends
33 507
50 700
-
-
social contributions
2 769
2 769
-
-
total
2 769
2 769
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 239
30 069
21 668
18 131
After tax
49 761
47 931
56 332
59 869
Living cost
19 023
19 023
19 023
19 023
Free-cash
30 738
28 908
37 309
40 846

Estimated living cost  is ₴19023 per week

₴12531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26139
₴33282
₴33096
₴35926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 732
pensions
-
-
-
4 440
total
-
-
-
25 172
Employee
26 829
-
68 273
-
income
4 886
-
15 971
-
health
350
-
1 047
-
pensions
2 048
-
5 570
-
total
7 284
-
22 588
-
Employer
26 829
-
68 273
-
pensions
2 711
-
8 430
-
health
510
-
1 297
-
total
3 221
-
9 727
-
Corporate
47 950
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.

9 110
14 820
-
-
total
9 110
14 820
-
-
Dividends
38 840
63 180
-
-
withholding
2 913
10 538
-
-
total
2 913
10 538
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 528
25 358
32 315
25 172
After tax
55 472
52 642
45 685
52 828
Living cost
19 546
19 546
19 546
19 546
Free-cash
35 926
33 096
26 139
33 282

Estimated living cost  is ₴19546 per week

₴13408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1797
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.
₴4094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29404
₴40908
-₴6147
₴4407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
20 983
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
24 627
Employee
19 608
-
69 377
-
income
2 690
-
15 571
-
health
2 245
-
7 944
-
pensions
2 208
-
3 992
-
total
7 143
-
27 507
-
Employer
19 608
-
69 377
-
unemployment
480
-
1 700
-
pensions
3 188
-
5 765
-
accident
327
-
1 159
-
total
3 995
-
8 624
-
Corporate
54 396
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.

48 957
70 200
-
-
total
48 957
70 200
-
-
Dividends
5 440
7 800
-
-
withholding
1 033
1 482
-
-
total
1 033
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 128
71 682
36 131
24 627
After tax
16 872
6 318
41 869
53 373
Living cost
12 465
12 465
12 465
12 465
Free-cash
4 407
-6 147
29 404
40 908

Estimated living cost  is ₴12465 per week

₴9148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
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.
₴2340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46759
₴36829
₴58560
₴56108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
5 772
income
-
-
-
12 644
work injury
-
-
-
390
unemployment
-
-
-
936
pensions
-
-
-
14 352
total
-
-
-
34 094
Employee

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

11 323
-
78 000
-
work injury
57
-
209
-
income
1 132
-
12 644
-
health insurance
838
-
3 100
-
pensions
2 083
-
7 708
-
unemployment
136
-
503
-
total
4 246
-
24 164
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 677
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%.

667
780
-
-
total
667
780
-
-
Dividends
66 011
77 220
-
-
withholding
9 902
11 583
-
-
total
9 902
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 815
12 363
24 164
34 094
After tax
63 185
65 637
53 836
43 906
Living cost
7 077
7 077
7 077
7 077
Free-cash
56 108
58 560
46 759
36 829

Estimated living cost  is ₴7077 per week

₴4384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12822
₴16315
₴20209
₴17824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 454
regional
-
-
-
1 771
municipal
-
-
-
521
total
-
-
-
40 808
Employee
44 160
-
78 000
-
social contributions
14 891
-
26 301
-
municipal
264
-
465
-
regional
667
-
1 549
-
national
7 463
-
15 986
-
total
23 285
-
44 301
-
Employer
44 160
-
78 000
-
total
-
-
-
-
Corporate
33 840
78 000
-
-
nationa
8 121
18 720
-
-
municipal
1 631
3 759
-
-
total
9 752
22 479
-
-
Dividends
24 088
55 520
-
-
withholding
6 262
14 435
-
-
total
6 262
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 299
36 914
44 301
40 808
After tax
38 701
41 086
33 699
37 192
Living cost
20 877
20 877
20 877
20 877
Free-cash
17 824
20 209
12 822
16 315

Estimated living cost  is ₴20877 per week

₴14665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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