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
₴24557
₴35369
₴26662
₴29957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 218
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.

-
-
-
1 277
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.

-
-
-
3 338
trade
-
-
-
8 707
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.

18 686
-
78 000
-
surtax

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

29
-
1 277
-
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.

522
-
23 218
-
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.

3 338
-
3 338
-
total
3 889
-
27 833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 314
78 000
-
-
income
8 898
11 700
-
-
surtax

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

490
643
-
-
chamber of commerce
159
186
-
-
trade
9 342
12 285
-
-
total
18 889
24 814
-
-
Dividends
40 426
53 185
-
-
surtax

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

546
721
-
-
withholding
9 921
13 110
-
-
total
10 467
13 831
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 245
38 645
27 833
36 540
After tax
44 755
39 355
50 167
41 460
Living cost
14 798
14 798
14 798
14 798
Free-cash
29 957
24 557
35 369
26 662

Estimated living cost  is ₴14798 per week

₴9308
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.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22511
₴20701
₴20088
₴22076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
839
municipal
-
-
-
8 453
national
-
-
-
13 099
pensions
-
-
-
9 360
total
-
-
-
31 751
Employee
40 555
-
67 430
-
municipal
5 009
-
8 755
-
pensions
1 622
-
2 697
-
national
7 762
-
13 567
-
total
14 393
-
25 019
-
Employer
40 555
-
67 430
-
pensions
3 244
-
5 394
-
social contributions
436
-
725
-
total
3 680
-
6 119
-
Corporate
31 088
78 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

6 218
15 600
-
-
total
6 218
15 600
-
-
Dividends
24 870
62 400
-
-
withholding
5 472
13 728
-
-
total
5 472
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 763
29 328
31 138
31 751
After tax
48 237
48 672
46 862
46 249
Living cost
26 161
26 161
26 161
26 161
Free-cash
22 076
22 511
20 701
20 088

Estimated living cost  is ₴26161 per week

₴17782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52236
₴36778
₴16060
₴48228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
78 000
income
-
-
-
13 168
surtax
-
-
-
19 890
social contributions

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

-
-
-
18 718
microenterprise
-
-
-
-
total
-
-
-
51 776
Employee
14 276
-
56 902
-
surtax
-
-
-
-
social contributions

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

1 571
-
6 259
-
income
2 541
-
11 092
-
total
4 112
-
17 351
-
Employer
14 276
-
56 902
-
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.

3 439
-
13 707
-
surtax
-
-
-
-
total
3 439
-
13 707
-
Corporate
60 286
78 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

12 057
15 600
-
-
total
12 057
15 600
-
-
Dividends

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

48 229
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 608
15 600
31 058
51 776
After tax
58 392
62 400
46 942
26 224
Living cost
10 164
10 164
10 164
10 164
Free-cash
48 228
52 236
36 778
16 060

Estimated living cost  is ₴10164 per week

₴6484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18031
₴27392
₴23157
₴15037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 629
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
34 377
Employee
41 720
41 720
68 921
-
pensions
7 510
5 724
5 724
-
income

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

6 829
6 829
9 315
-
health
6 404
5 447
6 024
-
total
20 743
18 000
21 063
-
Employer
41 720
41 720
68 921
-
health
2 900
2 900
3 604
-
pensions
2 904
2 904
3 609
-
unemployment
1 502
1 502
1 866
-
total
7 306
7 306
9 079
-
Corporate
29 486
28 974
-
-
income
5 897
5 794
-
-
total
5 897
5 794
-
-
Dividends
23 589
23 180
-
-
income
5 013
4 926
-
-
withholding
3 538
3 477
-
-
total
8 551
8 403
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 497
39 503
30 142
34 377
After tax
35 503
38 497
47 858
43 623
Living cost
20 466
20 466
20 466
20 466
Free-cash
15 037
18 031
27 392
23 157

Estimated living cost  is ₴20466 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22607
₴20215
₴20700
₴22158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
88
other
-
-
-
5 089
unemployment
-
-
-
44
health
-
-
-
2 732
municipal
-
-
-
19 477
national
-
-
-
5 155
pensions
-
-
-
4 734
total
-
-
-
37 319
Employee
28 471
-
64 241
-
municipal
8 490
-
19 157
-
national
-
-
4 887
-
total
8 490
-
24 044
-
Employer
28 471
-
64 241
-
health
1 751
-
2 693
-
pensions
3 078
-
4 734
-
accident
57
-
88
-
unemployment
752
-
1 156
-
other
3 308
-
5 089
-
total
8 946
-
13 760
-
Corporate
40 584
78 000
-
-
income
8 928
17 160
-
-
total
8 928
17 160
-
-
Dividends
31 655
60 840
-
-
withholding
9 497
18 252
-
-
total
9 497
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 861
35 412
37 804
37 319
After tax
42 139
42 588
40 196
40 681
Living cost
19 981
19 981
19 981
19 981
Free-cash
22 158
22 607
20 215
20 700

Estimated living cost  is ₴19981 per week

₴13242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1961
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.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19761
₴30975
₴21881
₴26625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 218
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.

-
-
-
1 277
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.

-
-
-
3 338
trade
-
-
-
9 094
total
-
-
-
36 927
Employee

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

24 775
-
78 000
-
surtax

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

117
-
1 277
-
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.

2 129
-
23 218
-
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.

3 338
-
3 338
-
total
5 584
-
27 833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 225
78 000
-
-
income
7 983
11 700
-
-
surtax

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

439
643
-
-
chamber of commerce
150
185
-
-
trade
8 756
12 831
-
-
total
17 328
25 359
-
-
Dividends
35 896
52 640
-
-
surtax

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

483
714
-
-
withholding
8 788
12 974
-
-
total
9 271
13 688
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 183
39 047
27 833
36 927
After tax
45 817
38 953
50 167
41 073
Living cost
19 192
19 192
19 192
19 192
Free-cash
26 625
19 761
30 975
21 881

Estimated living cost  is ₴19192 per week

₴12836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
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.
₴4046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41082
₴37162
₴37870
₴39056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 390
social contributions
-
-
-
7 905
health
-
-
-
1 989
total
-
-
-
24 284
Employee
37 567
37 567
72 454
-
social contributions
1 825
3 118
4 205
-
income
3 945
3 478
14 009
-
health
374
639
1 232
-
total
6 144
7 235
19 446
-
Employer
37 567
37 567
72 454
-
health
407
695
1 341
-
social contributions
1 825
3 118
4 205
-
total
2 232
3 813
5 546
-
Corporate
53 777
36 620
-
-
income
6 723
4 577
-
-
total
6 723
4 577
-
-
Dividends
47 055
32 043
-
-
withholding
7 999
5 447
-
-
total
7 999
5 447
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 098
21 072
24 992
24 284
After tax
54 902
56 928
53 008
53 716
Living cost
15 846
15 846
15 846
15 846
Free-cash
39 056
41 082
37 162
37 870

Estimated living cost  is ₴15846 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34912
₴36297
₴45113
₴35100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 878
5 125
65 272
-
unemployment
193
77
979
-
pensions
1 288
513
6 527
-
income
1 574
627
7 979
-
health
901
359
4 569
-
total
3 956
1 576
20 054
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 878
5 125
65 272
-
pensions
2 511
999
12 728
-
total
2 511
999
12 728
-
Corporate
62 611
71 875
-
-
income
5 635
6 469
-
-
total
5 635
6 469
-
-
Dividends
56 976
65 407
-
-
social contributions
11 052
12 696
-
-
withholding
10 825
12 427
-
-
total
21 877
25 123
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 979
34 167
32 782
23 966
After tax
44 021
43 833
45 218
54 034
Living cost
8 921
8 921
8 921
8 921
Free-cash
35 100
34 912
36 297
45 113

Estimated living cost  is ₴8921 per week

₴6088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50600
₴33159
₴30008
₴47566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
10 452
health
-
-
-
10 140
pensions
-
-
-
15 600
total
-
-
-
36 192
Employee
13 859
-
58 296
-
unemployment
222
-
933
-
pensions
277
-
1 166
-
income
1 560
-
11 239
-
total
2 059
-
13 338
-
Employer
13 859
-
58 296
-
health
1 801
-
7 578
-
pensions
2 772
-
11 659
-
unemployment
111
-
466
-
total
4 684
-
19 703
-
Corporate
59 456
78 000
-
-
income
11 891
15 600
-
-
total
11 891
15 600
-
-
Dividends
47 565
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 634
15 600
33 041
36 192
After tax
59 366
62 400
44 959
41 808
Living cost
11 800
11 800
11 800
11 800
Free-cash
47 566
50 600
33 159
30 008

Estimated living cost  is ₴11800 per week

₴8094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4546
₴31188
₴42489
₴4652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 207
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
24 647
Employee
17 090
-
69 688
-
pensions
1 924
-
3 768
-
income
2 345
-
15 889
-
health
1 957
-
7 979
-
total
6 226
-
27 636
-
Employer
17 090
-
69 688
-
pensions
2 779
-
5 441
-
accident
285
-
1 164
-
unemployment
419
-
1 707
-
total
3 483
-
8 312
-
Corporate
57 427
78 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

51 684
70 200
-
-
total
51 684
70 200
-
-
Dividends
5 743
7 800
-
-
withholding
1 091
1 482
-
-
total
1 091
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 484
71 682
35 948
24 647
After tax
15 516
6 318
42 052
53 353
Living cost
10 864
10 864
10 864
10 864
Free-cash
4 652
-4 546
31 188
42 489

Estimated living cost  is ₴10864 per week

₴7963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70078
₴58378
₴73198
₴69324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 028
-
78 000
-
income
1 005
-
15 600
-
total
1 005
-
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%.

72 972
78 000
-
-
total
-
-
-
-
Dividends
72 972
78 000
-
-
withholding
3 649
3 900
-
-
total
3 649
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 654
3 900
15 600
780
After tax
73 346
74 100
62 400
77 220
Living cost
4 022
4 022
4 022
4 022
Free-cash
69 324
70 078
58 378
73 198

Estimated living cost  is ₴4022 per week

₴2493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44289
₴31383
₴29078
₴40991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 276
other
-
-
-
3 529
health
-
-
-
3 269
pensions

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

-
-
-
17 830
total
-
-
-
35 904
Employee
17 739
-
62 299
-
unemployment
177
-
623
-
pensions

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

1 241
-
4 361
-
income
3 054
-
12 043
-
health
248
-
872
-
total
4 720
-
17 899
-
Employer
17 739
-
62 299
-
health
248
-
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.

3 016
-
10 591
-
accident
142
-
499
-
unemployment
177
-
623
-
other
887
-
3 115
-
total
4 470
-
15 700
-
Corporate
55 791
78 000
-
-
income
11 716
16 380
-
-
total
11 716
16 380
-
-
Dividends
44 075
61 620
-
-
withholding
3 085
4 313
-
-
total
3 085
4 313
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 991
20 693
33 599
35 904
After tax
54 009
57 307
44 401
42 096
Living cost
13 018
13 018
13 018
13 018
Free-cash
40 991
44 289
31 383
29 078

Estimated living cost  is ₴13018 per week

₴9198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19420
₴12742
₴19843
₴19341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 502
pensions
-
-
-
4 216
total
-
-
-
25 718
Employee
45 897
-
68 206
-
pensions
4 428
-
5 239
-
income
8 273
-
16 768
-
health
756
-
1 018
-
total
13 457
-
23 025
-
Employer
45 897
-
68 206
-
health
872
-
1 296
-
pensions
5 419
-
8 498
-
total
6 291
-
9 794
-
Corporate
25 812
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.

4 904
14 820
-
-
total
4 904
14 820
-
-
Dividends
20 908
63 180
-
-
withholding
1 568
11 321
-
-
total
1 568
11 321
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 220
26 141
32 819
25 718
After tax
51 780
51 859
45 181
52 282
Living cost
32 440
32 440
32 440
32 440
Free-cash
19 341
19 420
12 742
19 843

Estimated living cost  is ₴32440 per week

₴24308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60285
₴58312
₴55340
₴58017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
16 255
Employee
8 481
-
74 652
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
pensions

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

745
-
1 498
-
income
848
-
7 465
-
health
390
-
785
-
total
2 076
-
9 936
-
Employer
8 481
-
74 652
-
health
585
-
1 177
-
pensions

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

935
-
1 880
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
unemployment
51
-
102
-
total
1 664
-
3 347
-
Corporate
67 855
78 000
-
-
income
6 785
7 800
-
-
total
6 785
7 800
-
-
Dividends
61 070
70 200
-
-
withholding
3 053
3 510
-
-
total
3 053
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 578
11 310
13 283
16 255
After tax
64 422
66 690
64 717
61 745
Living cost
6 405
6 405
6 405
6 405
Free-cash
58 017
60 285
58 312
55 340

Estimated living cost  is ₴6405 per week

₴3739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11406
₴20767
₴16532
₴12634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 629
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
34 377
Employee
45 295
41 720
68 921
-
pensions
5 724
5 724
5 724
-
income

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

6 829
6 829
9 315
-
health
5 651
5 447
6 024
-
total
18 204
18 000
21 063
-
Employer
45 295
41 720
68 921
-
health
3 148
2 900
3 604
-
pensions
3 152
2 904
3 609
-
unemployment
1 631
1 502
1 866
-
total
7 931
7 306
9 079
-
Corporate
24 775
28 974
-
-
income
4 955
5 794
-
-
total
4 955
5 794
-
-
Dividends
19 819
23 180
-
-
income
4 212
4 926
-
-
withholding
2 973
3 477
-
-
total
7 185
8 403
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 275
39 503
30 142
34 377
After tax
39 725
38 497
47 858
43 623
Living cost
27 091
27 091
27 091
27 091
Free-cash
12 634
11 406
20 767
16 532

Estimated living cost  is ₴27091 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41562
₴27441
₴30359
₴37231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 500
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 500
Employee
17 854
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 161
-
3 784
-
income
2 142
-
6 985
-
health
2 410
-
7 858
-
total
5 713
-
18 627
-
Employer
17 854
-
58 209
-
health
1 607
-
5 239
-
social contributions
4 464
-
14 552
-
total
6 071
-
19 791
-
Corporate
54 076
78 000
-
-
income
10 274
14 820
-
-
total
10 274
14 820
-
-
Dividends
43 801
63 180
-
-
withholding
6 570
9 477
-
-
total
6 570
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 628
24 297
38 418
35 500
After tax
49 372
53 703
39 582
42 500
Living cost
12 141
12 141
12 141
12 141
Free-cash
37 231
41 562
27 441
30 359

Estimated living cost  is ₴12141 per week

₴8433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21001
₴13612
₴17133
₴18449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
913
municipal
-
-
-
464
national
-
-
-
18 813
total
-
-
-
40 252
Employee
43 419
-
78 000
-
municipal
230
-
413
-
national
7 524
-
16 255
-
regional
410
-
804
-
social contributions
14 641
-
26 301
-
total
22 805
-
43 773
-
Employer
43 419
-
78 000
-
total
-
-
-
-
Corporate
34 581
78 000
-
-
municipal
1 349
3 042
-
-
nationa
8 300
18 720
-
-
total
9 649
21 762
-
-
Dividends
24 932
56 238
-
-
withholding
6 482
14 622
-
-
total
6 482
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 936
36 384
43 773
40 252
After tax
39 064
41 616
34 227
37 748
Living cost
20 615
20 615
20 615
20 615
Free-cash
18 449
21 001
13 612
17 133

Estimated living cost  is ₴20615 per week

₴14370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38281
₴23288
₴26236
₴36760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 238
other
-
-
-
-
surtax
-
-
-
2 964
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
40 983
Employee
16 156
-
64 435
-
other
-
-
-
-
unemployment
1 125
-
4 484
-
pensions
1 077
-
4 298
-
surtax
53
-
2 499
-
income
2 708
-
17 444
-
health
413
-
1 643
-
total
5 376
-
30 368
-
Employer
16 156
-
64 435
-
health
735
-
2 932
-
pensions
2 154
-
8 589
-
unemployment
512
-
2 042
-
other
-
-
-
-
total
3 401
-
13 563
-
Corporate
58 443
78 000
-
-
income
15 195
20 280
-
-
total
15 195
20 280
-
-
Dividends
43 248
57 720
-
-
withholding
6 487
8 658
-
-
total
6 487
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 459
28 938
43 931
40 983
After tax
47 541
49 062
34 069
37 017
Living cost
10 781
10 781
10 781
10 781
Free-cash
36 760
38 281
23 288
26 236

Estimated living cost  is ₴10781 per week

₴6592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
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.
₴2945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29697
₴23019
₴30120
₴32462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 502
pensions
-
-
-
4 216
total
-
-
-
25 718
Employee
30 759
-
68 206
-
pensions
2 611
-
5 239
-
income
5 540
-
16 768
-
health
447
-
1 018
-
total
8 598
-
23 025
-
Employer
30 759
-
68 206
-
health
584
-
1 296
-
pensions
3 330
-
8 498
-
total
3 914
-
9 794
-
Corporate
43 327
78 000
-
-
income

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

8 232
14 820
-
-
total
8 232
14 820
-
-
Dividends
35 095
63 180
-
-
withholding
2 632
11 321
-
-
total
2 632
11 321
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 376
26 141
32 819
25 718
After tax
54 624
51 859
45 181
52 282
Living cost
22 162
22 162
22 162
22 162
Free-cash
32 462
29 697
23 019
30 120

Estimated living cost  is ₴22162 per week

₴16603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3122
₴21127
₴24919
₴13474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other

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

-
-
-
1 560
regional
-
-
-
3 561
health
-
-
-
175
city
-
-
-
822
national
-
-
-
998
pensions
-
-
-
7 176
total
-
-
-
14 292
Employee
45 393
-
69 813
-
unemployment
-
-
-
-
pensions
3 814
-
5 865
-
national
215
-
818
-
regional
1 486
-
3 075
-
city
487
-
750
-
health
103
-
157
-
total
6 105
-
10 665
-
Employer
45 393
-
69 813
-
health
103
-
157
-
pensions
3 814
-
5 865
-
unemployment
-
-
-
-
other

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

908
-
1 397
-
total
4 825
-
7 419
-
Corporate
27 284
78 000
-
-
regional
5 770
16 497
-
-
national
2 319
6 630
-
-
total
8 089
23 127
-
-
Dividends
19 194
54 873
-
-
withholding
6 718
19 206
-
-
total
6 718
19 206
-
-
Income
78 000
78 000
78 000
78 000
Total tax
25 737
42 333
18 084
14 292
After tax
52 263
35 667
59 916
63 708
Living cost
38 789
38 789
38 789
38 789
Free-cash
13 474
-3 122
21 127
24 919

Estimated living cost  is ₴38789 per week

₴25224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16170
₴27786
₴18304
₴24093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 218
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.

-
-
-
1 277
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.

-
-
-
3 338
trade
-
-
-
9 482
total
-
-
-
37 315
Employee

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

29 361
-
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.

190
-
1 277
-
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.

3 453
-
23 218
-
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.

3 338
-
3 338
-
total
6 981
-
27 833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 639
78 000
-
-
income
7 295
11 700
-
-
surtax

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

401
643
-
-
chamber of commerce
143
184
-
-
trade
8 341
13 377
-
-
total
16 180
25 904
-
-
Dividends
32 458
52 096
-
-
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.

436
706
-
-
withholding
7 929
12 839
-
-
total
8 365
13 545
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 526
39 449
27 833
37 315
After tax
46 474
38 551
50 167
40 685
Living cost
22 381
22 381
22 381
22 381
Free-cash
24 093
16 170
27 786
18 304

Estimated living cost  is ₴22381 per week

₴16346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1790
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴22596
₴27046
₴27372
₴25484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 551
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 046
pensions
-
-
-
14 676
total
-
-
-
33 913
Employee
20 909
-
60 891
-
pensions
2 364
-
4 017
-
surtax
-
-
-
-
social contributions
596
-
1 736
-
income
1 234
-
11 376
-
total
4 194
-
17 129
-
Employer
20 909
-
60 891
-
health
1 464
-
5 377
-
pensions
3 435
-
6 801
-
unemployment
846
-
2 466
-
social contributions
63
-
183
-
other
721
-
2 283
-
total
6 529
-
17 110
-
Corporate
50 561
78 000
-
-
income
14 157
21 840
-
-
surtax
-
-
-
-
total
14 157
21 840
-
-
Dividends
36 404
56 160
-
-
surtax
-
-
-
-
social contributions
6 261
9 660
-
-
withholding
4 660
7 189
-
-
total
10 921
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 801
38 689
34 239
33 913
After tax
42 199
39 311
43 761
44 087
Living cost
16 715
16 715
16 715
16 715
Free-cash
25 484
22 596
27 046
27 372

Estimated living cost  is ₴16715 per week

₴10539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24252
₴28702
₴29028
₴26967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 551
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 046
pensions
-
-
-
14 676
total
-
-
-
33 913
Employee
18 664
-
60 891
-
pensions
2 111
-
4 017
-
surtax
-
-
-
-
social contributions
532
-
1 736
-
income
962
-
11 376
-
total
3 605
-
17 129
-
Employer
18 664
-
60 891
-
health
1 306
-
5 377
-
pensions
3 067
-
6 801
-
unemployment
756
-
2 466
-
social contributions
56
-
183
-
other
644
-
2 283
-
total
5 829
-
17 110
-
Corporate
53 507
78 000
-
-
income
14 982
21 840
-
-
surtax
-
-
-
-
total
14 982
21 840
-
-
Dividends
38 525
56 160
-
-
surtax
-
-
-
-
social contributions
6 627
9 660
-
-
withholding
4 931
7 189
-
-
total
11 558
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 974
38 689
34 239
33 913
After tax
42 026
39 311
43 761
44 087
Living cost
15 059
15 059
15 059
15 059
Free-cash
26 967
24 252
28 702
29 028

Estimated living cost  is ₴15059 per week

₴8733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1530
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.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37227
₴38360
₴39732
₴37480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
social contributions
-
-
-
10 764
health
-
-
-
5 444
total
-
-
-
27 908
Employee
16 565
-
78 000
-
social contributions
2 286
-
10 764
-
income
2 763
-
13 072
-
health
1 156
-
5 444
-
total
6 205
-
29 280
-
Employer
16 565
-
78 000
-
total
-
-
-
-
Corporate
61 435
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%.

3 072
3 900
-
-
total
3 072
3 900
-
-
Dividends
58 364
74 100
-
-
social contributions
8 054
10 226
-
-
withholding
8 755
11 115
-
-
health
4 074
5 172
-
-
total
20 883
26 513
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 160
30 413
29 280
27 908
After tax
47 840
47 587
48 720
50 092
Living cost
10 360
10 360
10 360
10 360
Free-cash
37 480
37 227
38 360
39 732

Estimated living cost  is ₴10360 per week

₴6933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26020
₴3285
₴22797
₴25266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 659
surtax
-
-
-
96
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
312
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
37 988
Employee
24 415
19 469
61 178
-
other
244
195
571
-
unemployment
732
584
1 712
-
pensions
2 500
1 993
5 845
-
income
2 779
1 436
15 512
-
health
945
754
2 208
-
total
7 200
4 962
25 848
-
Employer
24 415
19 469
61 178
-
chamber of commerce
97
78
245
-
health
922
736
2 157
-
pensions
3 064
2 444
7 163
-
accident
317
253
742
-
unemployment
732
584
1 712
-
surtax
96
96
96
-
payroll
732
584
1 836
-
other
1 160
924
2 870
-
total
7 120
5 699
16 821
-
Corporate
46 462
52 831
59 324
-
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.

11 616
13 208
14 831
-
total
11 616
13 208
14 831
-
Dividends
34 847
39 623
-
-
withholding
9 583
10 896
-
-
total
9 583
10 896
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 519
34 765
57 500
37 988
After tax
42 481
43 235
20 500
40 012
Living cost
17 215
17 215
17 215
17 215
Free-cash
25 266
26 020
3 285
22 797

Estimated living cost  is ₴17215 per week

₴11481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25826
₴10099
₴15978
₴18499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal

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

-
-
-
3 953
social contributions
-
-
-
12 118
national
-
-
-
28 138
total
-
-
-
44 209
Employee

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

34 946
-
60 414
-
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.

304
-
526
-
communal

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

1 823
-
3 151
-
pensions

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

2 621
-
4 531
-
national
10 744
-
21 456
-
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.

1 642
-
2 839
-
total
17 134
-
32 503
-
Employer

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

34 946
-
60 414
-
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.

2 149
-
3 715
-
pensions

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

3 097
-
5 352
-
accident

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

454
-
785
-
unemployment

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

510
-
882
-
surtax
3 962
-
6 851
-
total
10 172
-
17 585
-
Corporate
32 881
78 000
-
-
income
6 576
15 600
-
-
surtax
132
312
-
-
total
6 708
15 912
-
-
Dividends
26 174
62 088
-
-
withholding

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

7 674
18 449
-
-
total
7 674
18 449
-
-
Income
78 000
78 000
78 000
78 000
Total tax
41 688
34 361
50 088
44 209
After tax
36 312
43 639
27 912
33 791
Living cost
17 813
17 813
17 813
17 813
Free-cash
18 499
25 826
10 099
15 978

Estimated living cost  is ₴17813 per week

₴11474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
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.
₴4503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34445
₴24168
₴26219
₴30953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
408
income
-
-
-
20 552
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
34 137
Employee
24 319
-
63 564
-
other
24
-
45
-
unemployment
377
-
702
-
pensions
1 143
-
2 129
-
income
5 131
-
18 875
-
total
6 675
-
21 751
-
Employer
24 319
-
63 564
-
pensions
5 739
-
10 687
-
accident
481
-
897
-
unemployment
1 338
-
2 490
-
other
194
-
363
-
total
7 752
-
14 437
-
Corporate
45 930
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.

6 889
11 700
-
-
total
6 889
11 700
-
-
Dividends
39 040
66 300
-
-
withholding
8 087
14 211
-
-
total
8 087
14 211
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 403
25 911
36 188
34 137
After tax
48 597
52 089
41 812
43 863
Living cost
17 644
17 644
17 644
17 644
Free-cash
30 953
34 445
24 168
26 219

Estimated living cost  is ₴17644 per week

₴12993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19559
₴16025
₴12918
₴13699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal
-
-
-
4 929
accident
-
-
-
657
income
-
-
-
11 908
surtax
-
-
-
3 867
health
-
-
-
5 480
pensions
-
-
-
11 691
total
-
-
-
38 532
Employee
36 997
-
69 675
-
pensions
2 959
-
5 574
-
surtax
2 268
-
4 270
-
income
3 574
-
14 155
-
health
1 647
-
3 100
-
total
10 448
-
27 099
-
Employer
36 997
-
69 675
-
health
1 128
-
2 125
-
pensions
2 959
-
5 574
-
accident
333
-
627
-
total
4 420
-
8 326
-
Corporate
36 582
78 000
-
-
communal
2 469
5 265
-
-
income
5 488
11 700
-
-
surtax
384
819
-
-
total
8 341
17 784
-
-
Dividends
28 242
60 216
-
-
income
10 306
5 074
-
-
withholding
4 236
9 033
-
-
total
14 542
14 107
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 751
31 891
35 425
38 532
After tax
40 249
46 109
42 575
39 468
Living cost
26 550
26 550
26 550
26 550
Free-cash
13 699
19 559
16 025
12 918

Estimated living cost  is ₴26550 per week

₴19916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38089
₴23096
₴26044
₴36535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 238
other
-
-
-
-
surtax
-
-
-
2 964
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
40 983
Employee
16 453
-
64 435
-
other
-
-
-
-
unemployment
1 145
-
4 484
-
pensions
1 098
-
4 298
-
surtax
58
-
2 499
-
income
2 758
-
17 444
-
health
420
-
1 643
-
total
5 479
-
30 368
-
Employer
16 453
-
64 435
-
health
748
-
2 932
-
pensions
2 194
-
8 589
-
unemployment
522
-
2 042
-
other
-
-
-
-
total
3 464
-
13 563
-
Corporate
58 084
78 000
-
-
income
15 102
20 280
-
-
total
15 102
20 280
-
-
Dividends
42 982
57 720
-
-
withholding
6 447
8 658
-
-
total
6 447
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 492
28 938
43 931
40 983
After tax
47 508
49 062
34 069
37 017
Living cost
10 973
10 973
10 973
10 973
Free-cash
36 535
38 089
23 096
26 044

Estimated living cost  is ₴10973 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
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.
₴3140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27839
₴20822
₴24325
₴26753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 176
municipal
-
-
-
464
national
-
-
-
18 813
total
-
-
-
40 515
Employee
27 101
-
78 000
-
municipal
144
-
413
-
national
4 293
-
16 255
-
regional
365
-
1 049
-
social contributions
9 139
-
26 301
-
total
13 941
-
44 018
-
Employer
27 101
-
78 000
-
total
-
-
-
-
Corporate
50 899
78 000
-
-
municipal
2 530
3 876
-
-
nationa
12 216
18 720
-
-
total
14 746
22 596
-
-
Dividends
36 154
55 403
-
-
withholding
9 400
14 405
-
-
total
9 400
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 087
37 001
44 018
40 515
After tax
39 913
40 999
33 982
37 485
Living cost
13 160
13 160
13 160
13 160
Free-cash
26 753
27 839
20 822
24 325

Estimated living cost  is ₴13160 per week

₴8185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
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.
₴3417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38742
₴24621
₴27539
₴33405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 500
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 500
Employee
22 001
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 430
-
3 784
-
income
2 640
-
6 985
-
health
2 970
-
7 858
-
total
7 040
-
18 627
-
Employer
22 001
-
58 209
-
health
1 980
-
5 239
-
social contributions
5 500
-
14 552
-
total
7 480
-
19 791
-
Corporate
48 519
78 000
-
-
income
9 219
14 820
-
-
total
9 219
14 820
-
-
Dividends
39 300
63 180
-
-
withholding
5 895
9 477
-
-
total
5 895
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 634
24 297
38 418
35 500
After tax
48 366
53 703
39 582
42 500
Living cost
14 961
14 961
14 961
14 961
Free-cash
33 405
38 742
24 621
27 539

Estimated living cost  is ₴14961 per week

₴11126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27701
₴4944
₴24522
₴27459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 659
surtax
-
-
-
-
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
312
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
37 892
Employee
21 356
19 469
61 268
-
other
213
195
571
-
unemployment
641
584
1 712
-
pensions
2 187
1 993
5 845
-
income
1 902
1 436
15 550
-
health
826
754
2 208
-
total
5 769
4 962
25 886
-
Employer
21 356
19 469
61 268
-
chamber of commerce
85
78
245
-
health
808
736
2 157
-
pensions
2 680
2 444
7 163
-
accident
277
253
742
-
unemployment
641
584
1 712
-
surtax
-
-
-
-
payroll
641
584
1 838
-
other
1 014
924
2 874
-
total
6 146
5 603
16 731
-
Corporate
50 498
52 927
59 414
-
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.

12 625
13 232
14 853
-
total
12 625
13 232
14 853
-
Dividends
37 874
39 695
-
-
withholding
10 415
10 916
-
-
total
10 415
10 916
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 955
34 713
57 470
37 892
After tax
43 045
43 287
20 530
40 108
Living cost
15 586
15 586
15 586
15 586
Free-cash
27 459
27 701
4 944
24 522

Estimated living cost  is ₴15586 per week

₴9350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67832
₴56132
₴70952
₴66657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
7 835
-
78 000
-
income
1 567
-
15 600
-
total
1 567
-
15 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

70 165
78 000
-
-
total
-
-
-
-
Dividends
70 165
78 000
-
-
withholding
3 508
3 900
-
-
total
3 508
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 075
3 900
15 600
780
After tax
72 925
74 100
62 400
77 220
Living cost
6 268
6 268
6 268
6 268
Free-cash
66 657
67 832
56 132
70 952

Estimated living cost  is ₴6268 per week

₴4241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40599
₴23335
₴25400
₴36512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 459
unemployment
-
-
-
117
health
-
-
-
7 675
pensions
-
-
-
14 245
total
-
-
-
39 496
Employee

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

21 604
-
67 490
-
unemployment
31
-
95
-
pensions
3 349
-
10 461
-
income
3 726
-
16 137
-
health
1 395
-
4 360
-
total
8 501
-
31 053
-
Employer

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

21 604
-
67 490
-
health
1 439
-
4 495
-
pensions
1 912
-
5 972
-
unemployment
13
-
41
-
total
3 364
-
10 508
-
Corporate
53 033
78 000
-
-
income
10 076
14 820
-
-
total
10 076
14 820
-
-
Dividends
42 957
63 180
-
-
withholding
6 443
9 477
-
-
total
6 443
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 384
24 297
41 561
39 496
After tax
49 616
53 703
36 439
38 504
Living cost
13 104
13 104
13 104
13 104
Free-cash
36 512
40 599
23 335
25 400

Estimated living cost  is ₴13104 per week

₴8993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26212
₴50280
₴32661
₴2794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 204
social contributions
-
-
-
8 892
total
-
-
-
24 096
Employee
30 459
-
-
-
social contributions
2 498
-
356
-
income
6 719
-
-
-
total
9 217
-
356
-
Employer
30 459
-
-
-
social contributions
42 948
-
6 121
-
total
42 948
-
6 121
-
Corporate
4 593
78 000
-
-
income
1 010
17 160
-
-
total
1 010
17 160
-
-
Dividends
3 583
60 840
-
-
income
788
13 385
-
-
total
788
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
53 963
30 545
6 477
24 096
After tax
24 037
47 455
71 523
53 904
Living cost
21 243
21 243
21 243
21 243
Free-cash
2 794
26 212
50 280
32 661

Estimated living cost  is ₴21243 per week

₴13783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29042
₴21053
₴26744
₴28551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
8 827
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 932
Employee
22 469
-
63 030
-
surtax
-
-
-
-
social contributions
2 472
-
6 933
-
income
4 674
-
19 721
-
total
7 146
-
26 654
-
Employer
22 469
-
63 030
-
social contributions
5 336
-
14 969
-
total
5 336
-
14 969
-
Corporate
50 194
78 000
-
-
income
10 540
16 380
-
-
surtax
-
-
-
-
total
10 540
16 380
-
-
Dividends
39 654
61 620
-
-
withholding
11 103
17 254
-
-
total
11 103
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 125
33 634
41 623
35 932
After tax
43 875
44 366
36 377
42 068
Living cost
15 324
15 324
15 324
15 324
Free-cash
28 551
29 042
21 053
26 744

Estimated living cost  is ₴15324 per week

₴11466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
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.
₴2699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15715
₴20165
₴20491
₴19072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 551
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 222
health
-
-
-
3 046
pensions
-
-
-
14 676
total
-
-
-
33 913
Employee
30 599
-
60 891
-
pensions
3 461
-
4 017
-
surtax
-
-
-
-
social contributions
871
-
1 736
-
income
2 670
-
11 376
-
total
7 002
-
17 129
-
Employer
30 599
-
60 891
-
health
2 142
-
5 377
-
pensions
5 028
-
6 801
-
unemployment
1 240
-
2 466
-
social contributions
92
-
183
-
other
1 056
-
2 283
-
total
9 558
-
17 110
-
Corporate
37 845
78 000
-
-
income
10 597
21 840
-
-
surtax
-
-
-
-
total
10 597
21 840
-
-
Dividends
27 248
56 160
-
-
surtax
-
-
-
-
social contributions
4 687
9 660
-
-
withholding
3 488
7 189
-
-
total
8 175
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 332
38 689
34 239
33 913
After tax
42 668
39 311
43 761
44 087
Living cost
23 596
23 596
23 596
23 596
Free-cash
19 072
15 715
20 165
20 491

Estimated living cost  is ₴23596 per week

₴15970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55514
₴45110
₴43037
₴53873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
3 117
social contributions
-
-
-
17 160
total
-
-
-
20 277
Employee
15 706
-
67 532
-
income
-
-
3 348
-
social contributions
1 021
-
4 389
-
total
1 021
-
7 737
-
Employer
15 706
-
67 532
-
social contributions
2 435
-
10 467
-
total
2 435
-
10 467
-
Corporate
59 859
78 000
-
-
income
5 985
7 800
-
-
total
5 985
7 800
-
-
Dividends
53 874
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 441
7 800
18 204
20 277
After tax
68 559
70 200
59 796
57 723
Living cost
14 686
14 686
14 686
14 686
Free-cash
53 873
55 514
45 110
43 037

Estimated living cost  is ₴14686 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1107
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28344
-₴28344
₴22957
-₴28344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
labour market
-
-
-
6 206
municipal
-
-
-
16 011
national
-
-
-
8 896
pensions
-
-
-
423
total
-
-
-
31 536
Employee
99 216
99 216
99 216
-
municipal
21 127
21 127
21 127
-
labour market
7 926
7 926
7 926
-
pensions
141
141
141
-
national
12 121
12 121
12 121
-
total
41 315
41 315
41 315
-
Employer
99 216
99 216
99 216
-
national
12 142
12 142
12 142
-
labour market
7 937
7 937
7 937
-
pensions
282
282
282
-
municipal
21 161
21 161
21 161
-
total
41 522
41 522
41 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
82 837
82 837
82 837
31 536
After tax
-4 837
-4 837
-4 837
46 464
Living cost
23 507
23 507
23 507
23 507
Free-cash
-28 344
-28 344
-28 344
22 957

Estimated living cost  is ₴23507 per week

₴16088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4386
₴31348
₴42649
₴4676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 207
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
24 647
Employee
16 838
-
69 688
-
pensions
1 896
-
3 768
-
income
2 310
-
15 889
-
health
1 928
-
7 979
-
total
6 134
-
27 636
-
Employer
16 838
-
69 688
-
pensions
2 738
-
5 441
-
accident
281
-
1 164
-
unemployment
413
-
1 707
-
total
3 432
-
8 312
-
Corporate
57 730
78 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

51 957
70 200
-
-
total
51 957
70 200
-
-
Dividends
5 773
7 800
-
-
withholding
1 097
1 482
-
-
total
1 097
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 620
71 682
35 948
24 647
After tax
15 380
6 318
42 052
53 353
Living cost
10 704
10 704
10 704
10 704
Free-cash
4 676
-4 386
31 348
42 649

Estimated living cost  is ₴10704 per week

₴7791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30620
₴22673
₴32723
₴31655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
78 000
health
-
-
-
998
municipal
-
-
-
13 860
national
-
-
-
11 662
total
-
-
-
26 520
Employee
25 704
-
65 617
-
municipal
4 210
-
10 691
-
unemployment
386
-
985
-
pensions
1 735
-
4 429
-
national
425
-
7 276
-
health
192
-
807
-
total
6 948
-
24 188
-
Employer
25 704
-
65 617
-
health
197
-
505
-
pensions
4 459
-
11 385
-
accident
26
-
66
-
unemployment
167
-
426
-
total
4 849
-
12 382
-
Corporate
47 447
78 000
-
-
income
9 489
15 600
-
-
total
9 489
15 600
-
-
Dividends

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

28 468
46 800
-
-
municipal
5 124
8 424
-
-
national
1 178
4 599
-
-
total
6 302
13 023
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 588
28 623
36 570
26 520
After tax
50 412
49 377
41 430
51 480
Living cost
18 757
18 757
18 757
18 757
Free-cash
31 655
30 620
22 673
32 723

Estimated living cost  is ₴18757 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
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.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45617
₴41697
₴42405
₴42960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 390
social contributions
-
-
-
7 905
health
-
-
-
1 989
total
-
-
-
24 284
Employee
37 567
37 567
72 454
-
social contributions
1 420
3 118
4 205
-
income
4 090
3 478
14 009
-
health
291
639
1 232
-
total
5 801
7 235
19 446
-
Employer
37 567
37 567
72 454
-
health
316
695
1 341
-
social contributions
1 420
3 118
4 205
-
total
1 736
3 813
5 546
-
Corporate
59 150
36 620
-
-
income
7 394
4 577
-
-
total
7 394
4 577
-
-
Dividends
51 757
32 043
-
-
withholding
8 798
5 447
-
-
total
8 798
5 447
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 729
21 072
24 992
24 284
After tax
54 271
56 928
53 008
53 716
Living cost
11 311
11 311
11 311
11 311
Free-cash
42 960
45 617
41 697
42 405

Estimated living cost  is ₴11311 per week

₴6779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56835
₴47684
₴57484
₴54348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 869
unemployment
-
-
-
14
health
-
-
-
1 768
pensions
-
-
-
3 108
total
-
-
-
12 759
Employee

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

11 214
-
73 225
-
unemployment
56
-
232
-
pensions
1 682
-
6 953
-
income
767
-
6 659
-
health
953
-
3 940
-
total
3 458
-
17 784
-
Employer

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

11 214
-
73 225
-
health
482
-
1 993
-
pensions
617
-
2 550
-
unemployment
56
-
232
-
total
1 155
-
4 775
-
Corporate
65 632
78 000
-
-
income
5 907
7 020
-
-
total
5 907
7 020
-
-
Dividends
59 725
70 980
-
-
withholding
5 375
6 388
-
-
total
5 375
6 388
-
-
Income
78 000
78 000
78 000
78 000
Total tax
15 895
13 408
22 559
12 759
After tax
62 105
64 592
55 441
65 241
Living cost
7 757
7 757
7 757
7 757
Free-cash
54 348
56 835
47 684
57 484

Estimated living cost  is ₴7757 per week

₴4949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38654
₴28377
₴30428
₴36490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
408
income
-
-
-
20 552
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
34 137
Employee
18 065
-
63 564
-
other
18
-
45
-
unemployment
280
-
702
-
pensions
849
-
2 129
-
income
3 483
-
18 875
-
total
4 630
-
21 751
-
Employer
18 065
-
63 564
-
pensions
4 263
-
10 687
-
accident
358
-
897
-
unemployment
994
-
2 490
-
other
145
-
363
-
total
5 760
-
14 437
-
Corporate
54 176
78 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

8 126
11 700
-
-
total
8 126
11 700
-
-
Dividends
46 050
66 300
-
-
withholding
9 559
14 211
-
-
total
9 559
14 211
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 075
25 911
36 188
34 137
After tax
49 925
52 089
41 812
43 863
Living cost
13 435
13 435
13 435
13 435
Free-cash
36 490
38 654
28 377
30 428

Estimated living cost  is ₴13435 per week

₴9068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47713
₴49110
₴49178
₴47554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 656
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
27 863
Employee
1 461
-
77 213
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
26 619
-
health
73
-
175
-
total
503
-
27 144
-
Employer
1 461
-
77 213
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
76 210
78 000
-
-
income
16 766
17 160
-
-
total
16 766
17 160
-
-
Dividends
59 444
60 840
-
-
withholding
11 889
12 168
-
-
total
11 889
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 487
29 328
27 931
27 863
After tax
48 513
48 672
50 069
50 137
Living cost
959
959
959
959
Free-cash
47 554
47 713
49 110
49 178

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴47907
₴38447
₴38445
₴45503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 459
unemployment
-
-
-
542
health
-
-
-
3 719
pensions
-
-
-
9 387
total
-
-
-
31 107
Employee

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

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

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

12 739
-
71 538
-
unemployment
96
-
271
-
pensions
1 783
-
5 054
-
income
1 756
-
17 459
-
health
656
-
1 859
-
total
4 291
-
24 643
-
Employer

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

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

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

12 739
-
71 538
-
health
656
-
1 859
-
pensions
1 529
-
4 332
-
unemployment
96
-
271
-
total
2 281
-
6 462
-
Corporate
62 980
78 000
-
-
income
9 447
11 700
-
-
total
9 447
11 700
-
-
Dividends
53 533
66 300
-
-
withholding
8 030
9 945
-
-
total
8 030
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 049
21 645
31 105
31 107
After tax
53 951
56 355
46 895
46 893
Living cost
8 448
8 448
8 448
8 448
Free-cash
45 503
47 907
38 447
38 445

Estimated living cost  is ₴8448 per week

₴5688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31195
₴23206
₴28897
₴31018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
8 827
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 932
Employee
18 962
-
63 030
-
surtax
-
-
-
-
social contributions
2 086
-
6 933
-
income
3 705
-
19 721
-
total
5 791
-
26 654
-
Employer
18 962
-
63 030
-
social contributions
4 503
-
14 969
-
total
4 503
-
14 969
-
Corporate
54 535
78 000
-
-
income
11 453
16 380
-
-
surtax
-
-
-
-
total
11 453
16 380
-
-
Dividends
43 083
61 620
-
-
withholding
12 064
17 254
-
-
total
12 064
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 811
33 634
41 623
35 932
After tax
44 189
44 366
36 377
42 068
Living cost
13 171
13 171
13 171
13 171
Free-cash
31 018
31 195
23 206
28 897

Estimated living cost  is ₴13171 per week

₴9329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34919
₴24642
₴26693
₴31593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
408
income
-
-
-
20 552
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
34 137
Employee
23 595
-
63 564
-
other
23
-
45
-
unemployment
365
-
702
-
pensions
1 109
-
2 129
-
income
4 928
-
18 875
-
total
6 425
-
21 751
-
Employer
23 595
-
63 564
-
pensions
5 568
-
10 687
-
accident
467
-
897
-
unemployment
1 298
-
2 490
-
other
189
-
363
-
total
7 522
-
14 437
-
Corporate
46 883
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.

7 032
11 700
-
-
total
7 032
11 700
-
-
Dividends
39 851
66 300
-
-
withholding
8 258
14 211
-
-
total
8 258
14 211
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 237
25 911
36 188
34 137
After tax
48 763
52 089
41 812
43 863
Living cost
17 170
17 170
17 170
17 170
Free-cash
31 593
34 919
24 642
26 693

Estimated living cost  is ₴17170 per week

₴12331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1335
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.
₴3263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58287
₴56314
₴53342
₴55310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
16 255
Employee
11 127
-
74 652
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
pensions

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

977
-
1 498
-
income
1 113
-
7 465
-
health
512
-
785
-
total
2 724
-
9 936
-
Employer
11 127
-
74 652
-
health
768
-
1 177
-
pensions

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

1 226
-
1 880
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
unemployment
67
-
102
-
total
2 183
-
3 347
-
Corporate
64 690
78 000
-
-
income
6 469
7 800
-
-
total
6 469
7 800
-
-
Dividends
58 221
70 200
-
-
withholding
2 911
3 510
-
-
total
2 911
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 287
11 310
13 283
16 255
After tax
63 713
66 690
64 717
61 745
Living cost
8 403
8 403
8 403
8 403
Free-cash
55 310
58 287
56 314
53 342

Estimated living cost  is ₴8403 per week

₴5558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and 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 Sofia model

Close
Berlin , Germany
₴21295
₴31305
₴23372
₴27685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 218
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.

-
-
-
1 277
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.

-
-
-
3 338
trade
-
-
-
7 933
total
-
-
-
35 766
Employee

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

24 308
-
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.

110
-
1 277
-
income

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

1 999
-
23 218
-
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.

3 338
-
3 338
-
total
5 447
-
27 833
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 692
78 000
-
-
income
8 054
11 700
-
-
surtax

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

443
643
-
-
chamber of commerce
153
188
-
-
trade
7 704
11 193
-
-
total
16 354
23 724
-
-
Dividends
37 337
54 275
-
-
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.

503
736
-
-
withholding
9 149
13 383
-
-
total
9 652
14 119
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 453
37 843
27 833
35 766
After tax
46 547
40 157
50 167
42 234
Living cost
18 862
18 862
18 862
18 862
Free-cash
27 685
21 295
31 305
23 372

Estimated living cost  is ₴18862 per week

₴13011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26770
₴14218
₴14218
₴27848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
23 125
social contributions
-
-
-
12 827
total
-
-
-
35 952
Employee
38 215
-
78 000
-
income
7 211
-
23 125
-
social contributions
3 175
-
12 827
-
total
10 386
-
35 952
-
Employer
38 215
-
78 000
-
total
-
-
-
-
Corporate
39 785
78 000
-
-
income
4 973
9 750
-
-
total
4 973
9 750
-
-
Dividends
34 812
68 250
-
-
withholding
6 963
13 650
-
-
total
6 963
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 322
23 400
35 952
35 952
After tax
55 678
54 600
42 048
42 048
Living cost
27 830
27 830
27 830
27 830
Free-cash
27 848
26 770
14 218
14 218

Estimated living cost  is ₴27830 per week

₴21173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30385
₴38218
₴43345
₴32093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
78 000
income
-
-
-
13 907
health

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

-
-
-
3 014
total
-
-
-
16 921
Employee
22 412
-
75 753
-
income
2 432
-
17 554
-
social contributions
2 245
-
2 247
-
total
4 677
-
19 801
-
Employer
22 412
-
75 753
-
social contributions
2 245
-
2 247
-
total
2 245
-
2 247
-
Corporate
53 343
78 000
-
-
income
18 670
27 300
-
-
total
18 670
27 300
-
-
Dividends
34 673
50 700
-
-
social contributions
2 581
2 581
-
-
total
2 581
2 581
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 173
29 881
22 048
16 921
After tax
49 827
48 119
55 952
61 079
Living cost
17 734
17 734
17 734
17 734
Free-cash
32 093
30 385
38 218
43 345

Estimated living cost  is ₴17734 per week

₴11682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33842
₴27164
₴34265
₴36714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 502
pensions
-
-
-
4 216
total
-
-
-
25 718
Employee
24 731
-
68 206
-
pensions
1 888
-
5 239
-
income
4 504
-
16 768
-
health
323
-
1 018
-
total
6 715
-
23 025
-
Employer
24 731
-
68 206
-
health
470
-
1 296
-
pensions
2 499
-
8 498
-
total
2 969
-
9 794
-
Corporate
50 301
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.

9 557
14 820
-
-
total
9 557
14 820
-
-
Dividends
40 743
63 180
-
-
withholding
4 028
11 321
-
-
total
4 028
11 321
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 269
26 141
32 819
25 718
After tax
54 731
51 859
45 181
52 282
Living cost
18 017
18 017
18 017
18 017
Free-cash
36 714
33 842
27 164
34 265

Estimated living cost  is ₴18017 per week

₴12359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1657
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.
₴3774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5446
₴30288
₴41589
₴4513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
125
income
-
-
-
21 207
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
24 647
Employee
18 505
-
69 688
-
pensions
2 084
-
3 768
-
income
2 539
-
15 889
-
health
2 119
-
7 979
-
total
6 742
-
27 636
-
Employer
18 505
-
69 688
-
pensions
3 009
-
5 441
-
accident
309
-
1 164
-
unemployment
453
-
1 707
-
total
3 771
-
8 312
-
Corporate
55 724
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.

50 151
70 200
-
-
total
50 151
70 200
-
-
Dividends
5 572
7 800
-
-
withholding
1 059
1 482
-
-
total
1 059
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 723
71 682
35 948
24 647
After tax
16 277
6 318
42 052
53 353
Living cost
11 764
11 764
11 764
11 764
Free-cash
4 513
-5 446
30 288
41 589

Estimated living cost  is ₴11764 per week

₴8633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴59045
₴47937
₴37218
₴56760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
78 000
income
-
-
-
12 740
unemployment
-
-
-
936
work injury
-
-
-
390
health insurance
-
-
-
5 772
pensions
-
-
-
14 352
total
-
-
-
34 190
Employee

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

10 547
-
78 000
-
health insurance
780
-
2 888
-
unemployment
127
-
468
-
work injury
53
-
195
-
pensions
1 941
-
7 180
-
income
1 055
-
12 740
-
total
3 956
-
23 471
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 453
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%.

675
780
-
-
total
675
780
-
-
Dividends
66 779
77 220
-
-
withholding
10 017
11 583
-
-
total
10 017
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 648
12 363
23 471
34 190
After tax
63 352
65 637
54 529
43 810
Living cost
6 592
6 592
6 592
6 592
Free-cash
56 760
59 045
47 937
37 218

Estimated living cost  is ₴6592 per week

₴4084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
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.
₴1823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21623
₴13939
₴17363
₴19399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 778
municipal
-
-
-
521
national
-
-
-
18 813
total
-
-
-
41 174
Employee
41 168
-
78 000
-
municipal
246
-
465
-
national
6 957
-
16 255
-
regional
622
-
1 577
-
social contributions
13 882
-
26 301
-
total
21 707
-
44 598
-
Employer
41 168
-
78 000
-
total
-
-
-
-
Corporate
36 832
78 000
-
-
municipal
1 775
3 759
-
-
nationa
8 840
18 720
-
-
total
10 615
22 479
-
-
Dividends
26 216
55 520
-
-
withholding
6 816
14 435
-
-
total
6 816
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 138
36 914
44 598
41 174
After tax
38 862
41 086
33 402
36 826
Living cost
19 463
19 463
19 463
19 463
Free-cash
19 399
21 623
13 939
17 363

Estimated living cost  is ₴19463 per week

₴13671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close