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
₴26399
₴23698
₴29418
₴34898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
8 499
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.

-
-
-
1 246
income

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

-
-
-
22 659
total
-
-
-
35 937
Employee

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

19 780
-
78 000
-
health

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

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

3 533
-
3 533
-
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.

30
-
1 246
-
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.

553
-
22 659
-
total
4 116
-
27 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 220
78 000
-
-
trade
9 170
12 285
-
-
chamber of commerce
162
190
-
-
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.

480
644
-
-
income
8 733
11 700
-
-
total
18 545
24 819
-
-
Dividends
39 676
53 181
-
-
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.

535
720
-
-
withholding
9 722
13 099
-
-
total
10 257
13 819
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 918
38 638
27 438
35 937
After tax
45 082
39 362
50 562
42 063
Living cost
15 664
15 664
15 664
15 664
Free-cash
29 418
23 698
34 898
26 399

Estimated living cost  is ₴15664 per week

₴9853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19151
₴21511
₴21059
₴19763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 429
social contributions
-
-
-
838
national
-
-
-
13 061
pensions
-
-
-
9 360
total
-
-
-
31 688
Employee
42 105
-
67 430
-
pensions
1 684
-
2 697
-
national
8 059
-
13 529
-
municipal
5 201
-
8 731
-
total
14 944
-
24 957
-
Employer
42 105
-
67 430
-
pensions
3 368
-
5 394
-
social contributions
453
-
725
-
total
3 821
-
6 119
-
Corporate
29 295
78 000
-
-
income

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

5 859
15 600
-
-
total
5 859
15 600
-
-
Dividends
23 436
62 400
-
-
withholding
5 156
13 728
-
-
total
5 156
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 780
29 328
31 076
31 688
After tax
48 220
48 672
46 924
46 312
Living cost
27 161
27 161
27 161
27 161
Free-cash
21 059
21 511
19 763
19 151

Estimated living cost  is ₴27161 per week

₴18461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14743
₴51641
₴47399
₴36683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 000
social contributions

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

-
-
-
19 814
income
-
-
-
12 794
microenterprise
-
-
-
-
surtax
-
-
-
19 890
total
-
-
-
52 498
Employee
15 111
-
56 059
-
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.

1 662
-
6 167
-
income
2 690
-
10 886
-
total
4 352
-
17 053
-
Employer
15 111
-
56 059
-
surtax
-
-
-
-
social contributions

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

3 640
-
13 505
-
total
3 640
-
13 505
-
Corporate
59 249
78 000
-
-
income

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

11 850
15 600
-
-
total
11 850
15 600
-
-
Dividends

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

47 399
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 842
15 600
30 558
52 498
After tax
58 158
62 400
47 442
25 502
Living cost
10 759
10 759
10 759
10 759
Free-cash
47 399
51 641
36 683
14 743

Estimated living cost  is ₴10759 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1025
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.
₴2626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22309
₴16756
₴13589
₴25647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 377
pensions
-
-
-
6 059
income
-
-
-
21 591
total
-
-
-
34 027
Employee
44 161
44 161
68 389
-
health
6 778
5 766
6 377
-
pensions
7 949
6 059
6 059
-
income

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

7 229
7 229
8 643
-
total
21 956
19 054
21 079
-
Employer
44 161
44 161
68 389
-
health
3 070
3 070
3 815
-
pensions
3 074
3 074
3 820
-
unemployment
1 590
1 590
1 975
-
total
7 734
7 734
9 610
-
Corporate
26 647
26 105
-
-
income
5 330
5 221
-
-
total
5 330
5 221
-
-
Dividends
21 317
20 885
-
-
income
4 530
4 438
-
-
withholding
3 197
3 133
-
-
total
7 727
7 571
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 747
39 580
30 689
34 027
After tax
35 253
38 420
47 311
43 973
Living cost
21 664
21 664
21 664
21 664
Free-cash
13 589
16 756
25 647
22 309

Estimated living cost  is ₴21664 per week

₴15352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19509
₴20969
₴20483
₴18985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 957
accident
-
-
-
95
other
-
-
-
5 506
municipal
-
-
-
19 166
pensions
-
-
-
5 122
national
-
-
-
3 979
unemployment
-
-
-
47
total
-
-
-
36 872
Employee
30 805
-
63 113
-
national
-
-
3 688
-
municipal
9 186
-
18 820
-
total
9 186
-
22 508
-
Employer
30 805
-
63 113
-
health
1 895
-
2 914
-
accident
62
-
95
-
pensions
3 330
-
5 122
-
other
3 580
-
5 506
-
unemployment
813
-
1 251
-
total
9 680
-
14 888
-
Corporate
37 516
78 000
-
-
income
8 253
17 160
-
-
total
8 253
17 160
-
-
Dividends
29 262
60 840
-
-
withholding
8 779
18 252
-
-
total
8 779
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 898
35 412
37 396
36 872
After tax
42 102
42 588
40 604
41 128
Living cost
21 619
21 619
21 619
21 619
Free-cash
20 483
20 969
18 985
19 509

Estimated living cost  is ₴21619 per week

₴14328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21372
₴18646
₴25911
₴30247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
8 875
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.

-
-
-
1 246
income

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

-
-
-
22 659
total
-
-
-
36 313
Employee

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

26 225
-
78 000
-
health

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

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

3 533
-
3 533
-
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.

124
-
1 246
-
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.

2 253
-
22 659
-
total
5 910
-
27 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 775
78 000
-
-
trade
8 517
12 831
-
-
chamber of commerce
152
189
-
-
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.

427
644
-
-
income
7 767
11 700
-
-
total
16 863
25 364
-
-
Dividends
34 912
52 636
-
-
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.

469
712
-
-
withholding
8 532
12 963
-
-
total
9 001
13 675
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 774
39 039
27 438
36 313
After tax
46 226
38 961
50 562
41 687
Living cost
20 315
20 315
20 315
20 315
Free-cash
25 911
18 646
30 247
21 372

Estimated living cost  is ₴20315 per week

₴13587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
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.
₴4283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37196
₴40172
₴38028
₴36474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 989
social contributions
-
-
-
8 367
income
-
-
-
13 675
total
-
-
-
24 031
Employee
39 765
39 765
72 213
-
health
395
676
1 228
-
social contributions
1 932
3 300
4 451
-
income
4 176
3 681
13 287
-
total
6 503
7 657
18 966
-
Employer
39 765
39 765
72 213
-
health
431
736
1 336
-
social contributions
1 932
3 300
4 451
-
total
2 363
4 036
5 787
-
Corporate
52 360
34 198
-
-
income
6 545
4 275
-
-
total
6 545
4 275
-
-
Dividends
45 815
29 923
-
-
withholding
7 788
5 087
-
-
total
7 788
5 087
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 199
21 055
24 753
24 031
After tax
54 801
56 945
53 247
53 969
Living cost
16 773
16 773
16 773
16 773
Free-cash
38 028
40 172
36 474
37 196

Estimated living cost  is ₴16773 per week

₴11466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44551
₴34362
₴34561
₴35735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 460
pensions
-
-
-
7 800
unemployment
-
-
-
1 170
income
-
-
-
9 536
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.

13 689
5 448
65 272
-
health
958
381
4 569
-
pensions
1 369
545
6 527
-
unemployment
205
82
979
-
income
1 673
666
7 979
-
total
4 205
1 674
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.

13 689
5 448
65 272
-
pensions
2 669
1 062
12 728
-
total
2 669
1 062
12 728
-
Corporate
61 642
71 490
-
-
income
5 548
6 434
-
-
total
5 548
6 434
-
-
Dividends
56 094
65 056
-
-
social contributions
10 876
12 624
-
-
withholding
10 658
12 361
-
-
total
21 534
24 985
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 956
34 155
32 782
23 966
After tax
44 044
43 845
45 218
54 034
Living cost
9 483
9 483
9 483
9 483
Free-cash
34 561
34 362
35 735
44 551

Estimated living cost  is ₴9483 per week

₴6471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29317
₴49909
₴46696
₴32468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 140
pensions
-
-
-
15 600
income
-
-
-
10 452
total
-
-
-
36 192
Employee
14 670
-
58 295
-
pensions
293
-
1 166
-
unemployment
235
-
932
-
income
1 652
-
11 240
-
total
2 180
-
13 338
-
Employer
14 670
-
58 295
-
health
1 907
-
7 578
-
pensions
2 934
-
11 659
-
unemployment
118
-
466
-
total
4 959
-
19 703
-
Corporate
58 371
78 000
-
-
income
11 674
15 600
-
-
total
11 674
15 600
-
-
Dividends
46 696
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 813
15 600
33 041
36 192
After tax
59 187
62 400
44 959
41 808
Living cost
12 491
12 491
12 491
12 491
Free-cash
46 696
49 909
32 468
29 317

Estimated living cost  is ₴12491 per week

₴8567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41898
-₴5155
₴4559
₴30408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
20 997
total
-
-
-
24 629
Employee
18 048
-
69 395
-
health
2 066
-
7 946
-
pensions
2 032
-
3 979
-
income
2 476
-
15 590
-
total
6 574
-
27 515
-
Employer
18 048
-
69 395
-
accident
301
-
1 159
-
pensions
2 935
-
5 745
-
unemployment
442
-
1 700
-
total
3 678
-
8 604
-
Corporate
56 274
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.

50 647
70 200
-
-
total
50 647
70 200
-
-
Dividends
5 627
7 800
-
-
withholding
1 069
1 482
-
-
total
1 069
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 968
71 682
36 119
24 629
After tax
16 032
6 318
41 881
53 371
Living cost
11 473
11 473
11 473
11 473
Free-cash
4 559
-5 155
30 408
41 898

Estimated living cost  is ₴11473 per week

₴8409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
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.
₴2189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72948
₴69828
₴69027
₴58128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 340
-
78 000
-
income
1 068
-
15 600
-
total
1 068
-
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%.

72 660
78 000
-
-
total
-
-
-
-
Dividends
72 660
78 000
-
-
withholding
3 633
3 900
-
-
total
3 633
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 701
3 900
15 600
780
After tax
73 299
74 100
62 400
77 220
Living cost
4 272
4 272
4 272
4 272
Free-cash
69 027
69 828
58 128
72 948

Estimated living cost  is ₴4272 per week

₴2647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27515
₴43527
₴40035
₴30743
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
18 721
income
-
-
-
10 847
total
-
-
-
36 705
Employee
18 777
-
62 299
-
health
263
-
872
-
pensions

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

1 314
-
4 360
-
unemployment
187
-
623
-
income
3 233
-
11 923
-
total
4 997
-
17 778
-
Employer
18 777
-
62 299
-
health
263
-
872
-
accident
150
-
499
-
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.

3 192
-
10 590
-
other
939
-
3 115
-
unemployment
187
-
623
-
total
4 731
-
15 699
-
Corporate
54 491
78 000
-
-
income
11 443
16 380
-
-
total
11 443
16 380
-
-
Dividends
43 048
61 620
-
-
withholding
3 014
4 313
-
-
total
3 014
4 313
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 185
20 693
33 477
36 705
After tax
53 815
57 307
44 523
41 295
Living cost
13 780
13 780
13 780
13 780
Free-cash
40 035
43 527
30 743
27 515

Estimated living cost  is ₴13780 per week

₴9736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18161
₴17919
₴16811
₴11028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 387
income
-
-
-
20 915
total
-
-
-
25 302
Employee
48 865
-
68 258
-
health
805
-
1 040
-
pensions
4 714
-
5 491
-
income
8 808
-
16 161
-
total
14 327
-
22 692
-
Employer
48 865
-
68 258
-
health
928
-
1 297
-
pensions
5 770
-
8 446
-
total
6 698
-
9 743
-
Corporate
22 438
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.

4 263
14 820
-
-
total
4 263
14 820
-
-
Dividends
18 175
63 180
-
-
withholding
1 364
10 724
-
-
total
1 364
10 724
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 652
25 544
32 435
25 302
After tax
51 348
52 456
45 565
52 698
Living cost
34 537
34 537
34 537
34 537
Free-cash
16 811
17 919
11 028
18 161

Estimated living cost  is ₴34537 per week

₴25879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4058
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.
₴4319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54337
₴59699
₴57221
₴57223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 142
pensions

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

-
-
-
2 756
unemployment
-
-
-
74
income
-
-
-
11 700
total
-
-
-
16 672
Employee
9 257
-
74 346
-
health
426
-
857
-
accident

We are using the highest rate at 1.1%.

102
-
205
-
pensions

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

813
-
1 635
-
income
926
-
7 435
-
total
2 267
-
10 132
-
Employer
9 257
-
74 346
-
health
639
-
1 285
-
accident

We are using the highest rate at 1.1%.

102
-
205
-
pensions

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

1 020
-
2 052
-
unemployment
55
-
112
-
total
1 816
-
3 654
-
Corporate
66 927
78 000
-
-
income
6 693
7 800
-
-
total
6 693
7 800
-
-
Dividends
60 234
70 200
-
-
withholding
3 012
3 510
-
-
total
3 012
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 788
11 310
13 786
16 672
After tax
64 212
66 690
64 214
61 328
Living cost
6 991
6 991
6 991
6 991
Free-cash
57 221
59 699
57 223
54 337

Estimated living cost  is ₴6991 per week

₴4081
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15297
₴9744
₴11046
₴18635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 377
pensions
-
-
-
6 059
income
-
-
-
21 591
total
-
-
-
34 027
Employee
47 945
44 161
68 389
-
health
5 981
5 766
6 377
-
pensions
6 059
6 059
6 059
-
income

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

7 229
7 229
8 643
-
total
19 269
19 054
21 079
-
Employer
47 945
44 161
68 389
-
health
3 332
3 070
3 815
-
pensions
3 337
3 074
3 820
-
unemployment
1 726
1 590
1 975
-
total
8 395
7 734
9 610
-
Corporate
21 660
26 105
-
-
income
4 332
5 221
-
-
total
4 332
5 221
-
-
Dividends
17 329
20 885
-
-
income
3 682
4 438
-
-
withholding
2 600
3 133
-
-
total
6 282
7 571
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 278
39 580
30 689
34 027
After tax
39 722
38 420
47 311
43 973
Living cost
28 676
28 676
28 676
28 676
Free-cash
11 046
9 744
18 635
15 297

Estimated living cost  is ₴28676 per week

₴21153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28913
₴40912
₴36349
₴26791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 530
social contributions
-
-
-
18 406
solidarity contribution
-
-
-
-
income
-
-
-
7 360
total
-
-
-
36 296
Employee
18 811
-
58 209
-
health
2 539
-
7 858
-
solidarity contribution
-
-
-
-
social contributions
1 223
-
3 784
-
income
2 257
-
6 985
-
total
6 019
-
18 627
-
Employer
18 811
-
58 209
-
health
1 693
-
5 239
-
social contributions
4 703
-
14 552
-
total
6 396
-
19 791
-
Corporate
52 794
78 000
-
-
income
10 031
14 820
-
-
total
10 031
14 820
-
-
Dividends
42 763
63 180
-
-
withholding
6 414
9 477
-
-
total
6 414
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 860
24 297
38 418
36 296
After tax
49 140
53 703
39 582
41 704
Living cost
12 791
12 791
12 791
12 791
Free-cash
36 349
40 912
26 791
28 913

Estimated living cost  is ₴12791 per week

₴8885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16223
₴19795
₴17095
₴12631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
907
municipal
-
-
-
463
social contributions
-
-
-
20 062
national
-
-
-
18 524
total
-
-
-
39 956
Employee
45 960
-
78 000
-
regional
434
-
799
-
national
7 964
-
16 034
-
social contributions
15 498
-
26 302
-
municipal
243
-
413
-
total
24 139
-
43 548
-
Employer
45 960
-
78 000
-
total
-
-
-
-
Corporate
32 040
78 000
-
-
nationa
7 690
18 720
-
-
municipal
1 249
3 042
-
-
total
8 939
21 762
-
-
Dividends
23 101
56 238
-
-
withholding
6 006
14 622
-
-
total
6 006
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 084
36 384
43 548
39 956
After tax
38 916
41 616
34 452
38 044
Living cost
21 821
21 821
21 821
21 821
Free-cash
17 095
19 795
12 631
16 223

Estimated living cost  is ₴21821 per week

₴15211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25603
₴37651
₴36041
₴23150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 900
other
-
-
-
-
pensions
-
-
-
13 804
unemployment
-
-
-
118
income
-
-
-
19 368
surtax
-
-
-
2 796
total
-
-
-
40 986
Employee
17 101
-
64 437
-
health
437
-
1 644
-
pensions
1 140
-
4 298
-
unemployment
1 190
-
4 485
-
surtax
56
-
2 408
-
income
2 867
-
17 042
-
other
-
-
-
-
total
5 690
-
29 877
-
Employer
17 101
-
64 437
-
health
778
-
2 931
-
pensions
2 280
-
8 589
-
other
-
-
-
-
unemployment
542
-
2 042
-
total
3 600
-
13 562
-
Corporate
57 299
78 000
-
-
income
14 898
20 280
-
-
total
14 898
20 280
-
-
Dividends
42 401
57 720
-
-
withholding
6 360
8 658
-
-
total
6 360
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 548
28 938
43 439
40 986
After tax
47 452
49 062
34 561
37 014
Living cost
11 411
11 411
11 411
11 411
Free-cash
36 041
37 651
23 150
25 603

Estimated living cost  is ₴11411 per week

₴6978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29103
₴28861
₴30783
₴21970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 387
income
-
-
-
20 915
total
-
-
-
25 302
Employee
32 748
-
68 258
-
health
475
-
1 040
-
pensions
2 780
-
5 491
-
income
5 898
-
16 161
-
total
9 153
-
22 692
-
Employer
32 748
-
68 258
-
health
622
-
1 297
-
pensions
3 545
-
8 446
-
total
4 167
-
9 743
-
Corporate
41 085
78 000
-
-
income

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

7 806
14 820
-
-
total
7 806
14 820
-
-
Dividends
33 279
63 180
-
-
withholding
2 496
10 724
-
-
total
2 496
10 724
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 622
25 544
32 435
25 302
After tax
54 378
52 456
45 565
52 698
Living cost
23 595
23 595
23 595
23 595
Free-cash
30 783
28 861
21 970
29 103

Estimated living cost  is ₴23595 per week

₴17677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21693
-₴6618
₴11476
₴17901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
176
city
-
-
-
822
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
-
-
-
3 383
pensions
-
-
-
7 176
national
-
-
-
904
total
-
-
-
14 021
Employee
49 486
-
69 813
-
health
112
-
157
-
regional
1 620
-
2 898
-
pensions
4 157
-
5 865
-
unemployment
-
-
-
-
national
234
-
724
-
city
531
-
750
-
total
6 654
-
10 394
-
Employer
49 486
-
69 813
-
health
112
-
157
-
pensions
4 157
-
5 865
-
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.

989
-
1 397
-
unemployment
-
-
-
-
total
5 258
-
7 419
-
Corporate
22 711
78 000
-
-
national
1 930
6 630
-
-
regional
4 804
16 497
-
-
total
6 734
23 127
-
-
Dividends
15 977
54 872
-
-
withholding
5 592
19 205
-
-
total
5 592
19 205
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 238
42 332
17 813
14 021
After tax
53 762
35 668
60 187
63 979
Living cost
42 286
42 286
42 286
42 286
Free-cash
11 476
-6 618
17 901
21 693

Estimated living cost  is ₴42286 per week

₴27498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17619
₴14869
₴23256
₴26872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
9 253
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.

-
-
-
1 246
income

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

-
-
-
22 659
total
-
-
-
36 691
Employee

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

31 079
-
78 000
-
health

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

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

3 533
-
3 533
-
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.

201
-
1 246
-
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.

3 655
-
22 659
-
total
7 389
-
27 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 921
78 000
-
-
trade
8 047
13 377
-
-
chamber of commerce
144
188
-
-
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.

387
644
-
-
income
7 038
11 700
-
-
total
15 616
25 909
-
-
Dividends
31 305
52 091
-
-
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.

420
706
-
-
withholding
7 629
12 826
-
-
total
8 049
13 532
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 054
39 441
27 438
36 691
After tax
46 946
38 559
50 562
41 309
Living cost
23 690
23 690
23 690
23 690
Free-cash
23 256
14 869
26 872
17 619

Estimated living cost  is ₴23690 per week

₴17302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26475
₴21618
₴24673
₴26636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 890
other
-
-
-
2 418
pensions
-
-
-
15 155
social contributions
-
-
-
2 222
income
-
-
-
11 147
surtax
-
-
-
-
total
-
-
-
33 832
Employee
22 133
-
61 171
-
pensions
2 502
-
3 920
-
surtax
-
-
-
-
social contributions
631
-
1 743
-
income
1 306
-
11 180
-
total
4 439
-
16 843
-
Employer
22 133
-
61 171
-
health
1 550
-
5 265
-
pensions
3 636
-
6 658
-
other
764
-
2 244
-
social contributions
67
-
184
-
unemployment
896
-
2 477
-
total
6 913
-
16 828
-
Corporate
48 956
78 000
-
-
surtax
-
-
-
-
income
13 708
21 840
-
-
total
13 708
21 840
-
-
Dividends
35 248
56 160
-
-
social contributions
6 063
9 660
-
-
surtax
-
-
-
-
withholding
4 511
7 189
-
-
total
10 574
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 634
38 689
33 671
33 832
After tax
42 366
39 311
44 329
44 168
Living cost
17 693
17 693
17 693
17 693
Free-cash
24 673
21 618
26 636
26 475

Estimated living cost  is ₴17693 per week

₴11156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28228
₴23371
₴26245
₴28389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 890
other
-
-
-
2 418
pensions
-
-
-
15 155
social contributions
-
-
-
2 222
income
-
-
-
11 147
surtax
-
-
-
-
total
-
-
-
33 832
Employee
19 757
-
61 171
-
pensions
2 235
-
3 920
-
surtax
-
-
-
-
social contributions
563
-
1 743
-
income
1 019
-
11 180
-
total
3 817
-
16 843
-
Employer
19 757
-
61 171
-
health
1 383
-
5 265
-
pensions
3 246
-
6 658
-
other
682
-
2 244
-
social contributions
59
-
184
-
unemployment
800
-
2 477
-
total
6 170
-
16 828
-
Corporate
52 074
78 000
-
-
surtax
-
-
-
-
income
14 580
21 840
-
-
total
14 580
21 840
-
-
Dividends
37 493
56 160
-
-
social contributions
6 449
9 660
-
-
surtax
-
-
-
-
withholding
4 799
7 189
-
-
total
11 248
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 815
38 689
33 671
33 832
After tax
42 185
39 311
44 329
44 168
Living cost
15 940
15 940
15 940
15 940
Free-cash
26 245
23 371
28 389
28 228

Estimated living cost  is ₴15940 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39125
₴36621
₴36889
₴37901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 445
social contributions
-
-
-
10 764
income
-
-
-
11 700
total
-
-
-
27 909
Employee
17 534
-
78 000
-
health
1 224
-
5 445
-
social contributions
2 420
-
10 764
-
income
2 924
-
12 924
-
total
6 568
-
29 133
-
Employer
17 534
-
78 000
-
total
-
-
-
-
Corporate
60 466
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%.

3 024
3 900
-
-
total
3 024
3 900
-
-
Dividends
57 442
74 100
-
-
social contributions
7 927
10 226
-
-
health
4 010
5 172
-
-
withholding
8 616
11 115
-
-
total
20 553
26 513
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 145
30 413
29 133
27 909
After tax
47 855
47 587
48 867
50 091
Living cost
10 966
10 966
10 966
10 966
Free-cash
36 889
36 621
37 901
39 125

Estimated living cost  is ₴10966 per week

₴7339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21775
₴25062
₴24262
₴2070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 621
pensions
-
-
-
11 177
unemployment
-
-
-
3 172
income
-
-
-
18 619
chamber of commerce
-
-
-
312
surtax
-
-
-
102
total
-
-
-
38 003
Employee
25 844
20 609
60 504
-
health
1 000
798
2 338
-
pensions
2 647
2 110
6 187
-
unemployment
775
618
1 813
-
income
2 942
1 520
14 634
-
other
258
206
605
-
total
7 622
5 252
25 577
-
Employer
25 844
20 609
60 504
-
payroll
775
618
1 816
-
health
976
779
2 284
-
surtax
102
102
102
-
accident
336
268
785
-
pensions
3 243
2 587
7 582
-
chamber of commerce
103
82
242
-
other
1 228
978
2 872
-
unemployment
775
618
1 813
-
total
7 538
6 032
17 496
-
Corporate
44 617
51 358
58 541
-
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.

11 154
12 839
14 635
-
total
11 154
12 839
14 635
-
Dividends
33 463
38 519
-
-
withholding
9 202
10 593
-
-
total
9 202
10 593
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 516
34 716
57 708
38 003
After tax
42 484
43 284
20 292
39 997
Living cost
18 222
18 222
18 222
18 222
Free-cash
24 262
25 062
2 070
21 775

Estimated living cost  is ₴18222 per week

₴12153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1554
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.
₴4215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15189
₴24794
₴17038
₴9338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
12 180
national
-
-
-
27 826
communal

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

-
-
-
3 949
total
-
-
-
43 955
Employee

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

36 991
-
60 412
-
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.

1 738
-
2 839
-
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.

2 774
-
4 531
-
unemployment

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

322
-
526
-
national
11 373
-
21 174
-
communal

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

1 929
-
3 151
-
total
18 136
-
32 221
-
Employer

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

36 991
-
60 412
-
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.

2 275
-
3 715
-
surtax
4 194
-
6 850
-
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.

481
-
786
-
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.

3 278
-
5 352
-
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.

540
-
882
-
total
10 768
-
17 585
-
Corporate
30 241
78 000
-
-
surtax
121
312
-
-
income
6 048
15 600
-
-
total
6 169
15 912
-
-
Dividends
24 072
62 088
-
-
withholding

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

7 033
18 438
-
-
total
7 033
18 438
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 106
34 350
49 806
43 955
After tax
35 894
43 650
28 194
34 045
Living cost
18 856
18 856
18 856
18 856
Free-cash
17 038
24 794
9 338
15 189

Estimated living cost  is ₴18856 per week

₴12145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25244
₴33474
₴29699
₴23074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
19 700
total
-
-
-
34 080
Employee
25 742
-
62 719
-
pensions
1 210
-
2 253
-
unemployment
399
-
743
-
other
26
-
48
-
income
5 431
-
17 925
-
total
7 066
-
20 969
-
Employer
25 742
-
62 719
-
accident
509
-
949
-
pensions
6 075
-
11 312
-
other
205
-
384
-
unemployment
1 416
-
2 636
-
total
8 205
-
15 281
-
Corporate
44 053
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.

6 608
11 700
-
-
total
6 608
11 700
-
-
Dividends
37 445
66 300
-
-
withholding
7 746
14 150
-
-
total
7 746
14 150
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 625
25 850
36 250
34 080
After tax
48 375
52 150
41 750
43 920
Living cost
18 676
18 676
18 676
18 676
Free-cash
29 699
33 474
23 074
25 244

Estimated living cost  is ₴18676 per week

₴13753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11927
₴18259
₴12318
₴15036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 480
accident
-
-
-
658
pensions
-
-
-
11 691
communal
-
-
-
4 929
income
-
-
-
11 345
surtax
-
-
-
3 867
total
-
-
-
37 970
Employee
39 162
-
69 674
-
health
1 743
-
3 100
-
pensions
3 133
-
5 574
-
surtax
2 400
-
4 270
-
income
3 783
-
13 591
-
total
11 059
-
26 535
-
Employer
39 162
-
69 674
-
health
1 194
-
2 125
-
accident
352
-
627
-
pensions
3 133
-
5 574
-
total
4 679
-
8 326
-
Corporate
34 158
78 000
-
-
communal
2 305
5 265
-
-
surtax
358
819
-
-
income
5 124
11 700
-
-
total
7 787
17 784
-
-
Dividends
26 371
60 216
-
-
income
10 098
4 822
-
-
withholding
3 956
9 032
-
-
total
14 054
13 854
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 579
31 638
34 861
37 970
After tax
40 421
46 362
43 139
40 030
Living cost
28 103
28 103
28 103
28 103
Free-cash
12 318
18 259
15 036
11 927

Estimated living cost  is ₴28103 per week

₴21082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25399
₴37447
₴35800
₴22946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 900
other
-
-
-
-
pensions
-
-
-
13 804
unemployment
-
-
-
118
income
-
-
-
19 368
surtax
-
-
-
2 796
total
-
-
-
40 986
Employee
17 415
-
64 437
-
health
445
-
1 644
-
pensions
1 162
-
4 298
-
unemployment
1 212
-
4 485
-
surtax
62
-
2 408
-
income
2 920
-
17 042
-
other
-
-
-
-
total
5 801
-
29 877
-
Employer
17 415
-
64 437
-
health
792
-
2 931
-
pensions
2 322
-
8 589
-
other
-
-
-
-
unemployment
553
-
2 042
-
total
3 667
-
13 562
-
Corporate
56 918
78 000
-
-
income
14 799
20 280
-
-
total
14 799
20 280
-
-
Dividends
42 119
57 720
-
-
withholding
6 318
8 658
-
-
total
6 318
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 585
28 938
43 439
40 986
After tax
47 415
49 062
34 561
37 014
Living cost
11 615
11 615
11 615
11 615
Free-cash
35 800
37 447
22 946
25 399

Estimated living cost  is ₴11615 per week

₴7013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23844
₴27068
₴25921
₴20271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 176
municipal
-
-
-
463
social contributions
-
-
-
20 062
national
-
-
-
18 524
total
-
-
-
40 225
Employee
28 686
-
78 000
-
regional
386
-
1 049
-
national
4 545
-
16 034
-
social contributions
9 673
-
26 302
-
municipal
152
-
413
-
total
14 756
-
43 798
-
Employer
28 686
-
78 000
-
total
-
-
-
-
Corporate
49 314
78 000
-
-
nationa
11 835
18 720
-
-
municipal
2 450
3 876
-
-
total
14 285
22 596
-
-
Dividends
35 028
55 404
-
-
withholding
9 107
14 405
-
-
total
9 107
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 148
37 001
43 798
40 225
After tax
39 852
40 999
34 202
37 775
Living cost
13 931
13 931
13 931
13 931
Free-cash
25 921
27 068
20 271
23 844

Estimated living cost  is ₴13931 per week

₴8663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
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.
₴3617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25942
₴37941
₴32318
₴23820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 530
social contributions
-
-
-
18 406
solidarity contribution
-
-
-
-
income
-
-
-
7 360
total
-
-
-
36 296
Employee
23 180
-
58 209
-
health
3 129
-
7 858
-
solidarity contribution
-
-
-
-
social contributions
1 507
-
3 784
-
income
2 782
-
6 985
-
total
7 418
-
18 627
-
Employer
23 180
-
58 209
-
health
2 086
-
5 239
-
social contributions
5 795
-
14 552
-
total
7 881
-
19 791
-
Corporate
46 939
78 000
-
-
income
8 918
14 820
-
-
total
8 918
14 820
-
-
Dividends
38 021
63 180
-
-
withholding
5 703
9 477
-
-
total
5 703
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 920
24 297
38 418
36 296
After tax
48 080
53 703
39 582
41 704
Living cost
15 762
15 762
15 762
15 762
Free-cash
32 318
37 941
23 820
25 942

Estimated living cost  is ₴15762 per week

₴11722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴23600
₴26841
₴26583
₴3825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 621
pensions
-
-
-
11 177
unemployment
-
-
-
3 172
income
-
-
-
18 619
chamber of commerce
-
-
-
312
surtax
-
-
-
-
total
-
-
-
37 901
Employee
22 606
20 609
60 599
-
health
874
798
2 338
-
pensions
2 315
2 110
6 187
-
unemployment
678
618
1 813
-
income
2 014
1 520
14 673
-
other
226
206
605
-
total
6 107
5 252
25 616
-
Employer
22 606
20 609
60 599
-
payroll
678
618
1 818
-
health
855
779
2 284
-
surtax
-
-
-
-
accident
293
268
785
-
pensions
2 837
2 587
7 582
-
chamber of commerce
90
82
242
-
other
1 074
978
2 876
-
unemployment
678
618
1 813
-
total
6 505
5 930
17 400
-
Corporate
48 889
51 460
58 637
-
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.

12 222
12 865
14 660
-
total
12 222
12 865
14 660
-
Dividends
36 667
38 595
-
-
withholding
10 084
10 613
-
-
total
10 084
10 613
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 918
34 660
57 676
37 901
After tax
43 082
43 340
20 324
40 099
Living cost
16 499
16 499
16 499
16 499
Free-cash
26 583
26 841
3 825
23 600

Estimated living cost  is ₴16499 per week

₴9897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1685
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.
₴4622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70563
₴67443
₴66195
₴55743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
8 321
-
78 000
-
income
1 664
-
15 600
-
total
1 664
-
15 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

69 679
78 000
-
-
total
-
-
-
-
Dividends
69 679
78 000
-
-
withholding
3 484
3 900
-
-
total
3 484
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 148
3 900
15 600
780
After tax
72 852
74 100
62 400
77 220
Living cost
6 657
6 657
6 657
6 657
Free-cash
66 195
67 443
55 743
70 563

Estimated living cost  is ₴6657 per week

₴4505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24889
₴39832
₴35505
₴22824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 675
pensions
-
-
-
14 245
unemployment
-
-
-
117
income
-
-
-
17 203
total
-
-
-
39 240
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.

22 868
-
67 491
-
health
1 477
-
4 360
-
pensions
3 545
-
10 461
-
unemployment
32
-
94
-
income
3 944
-
15 882
-
total
8 998
-
30 797
-
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.

22 868
-
67 491
-
health
1 523
-
4 495
-
pensions
2 024
-
5 973
-
unemployment
14
-
40
-
total
3 561
-
10 508
-
Corporate
51 572
78 000
-
-
income
9 799
14 820
-
-
total
9 799
14 820
-
-
Dividends
41 773
63 180
-
-
withholding
6 266
9 477
-
-
total
6 266
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 624
24 297
41 305
39 240
After tax
49 376
53 703
36 695
38 760
Living cost
13 871
13 871
13 871
13 871
Free-cash
35 505
39 832
22 824
24 889

Estimated living cost  is ₴13871 per week

₴9519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30381
₴23932
-₴3286
₴47305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
8 892
income
-
-
-
15 204
total
-
-
-
24 096
Employee
33 728
-
-
-
social contributions
2 766
-
394
-
income
7 440
-
-
-
total
10 206
-
394
-
Employer
33 728
-
-
-
social contributions
47 557
-
6 778
-
total
47 557
-
6 778
-
Corporate
-
78 000
-
-
income
-
17 160
-
-
total
-
17 160
-
-
Dividends
-
60 840
-
-
income
-
13 385
-
-
total
-
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
57 763
30 545
7 172
24 096
After tax
20 237
47 455
70 828
53 904
Living cost
23 523
23 523
23 523
23 523
Free-cash
-3 286
23 932
47 305
30 381

Estimated living cost  is ₴23523 per week

₴15262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2212
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26010
₴28146
₴27625
₴20478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
social contributions

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

-
-
-
27 105
income
-
-
-
8 664
surtax
-
-
-
-
total
-
-
-
35 769
Employee
23 784
-
63 030
-
surtax
-
-
-
-
social contributions
2 616
-
6 933
-
income
4 947
-
19 398
-
total
7 563
-
26 331
-
Employer
23 784
-
63 030
-
social contributions
5 649
-
14 970
-
total
5 649
-
14 970
-
Corporate
48 567
78 000
-
-
surtax
-
-
-
-
income
10 199
16 380
-
-
total
10 199
16 380
-
-
Dividends
38 368
61 620
-
-
withholding
10 743
17 253
-
-
total
10 743
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 154
33 633
41 301
35 769
After tax
43 846
44 367
36 699
42 231
Living cost
16 221
16 221
16 221
16 221
Free-cash
27 625
28 146
20 478
26 010

Estimated living cost  is ₴16221 per week

₴12137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19191
₴14334
₴17891
₴19352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 890
other
-
-
-
2 418
pensions
-
-
-
15 155
social contributions
-
-
-
2 222
income
-
-
-
11 147
surtax
-
-
-
-
total
-
-
-
33 832
Employee
32 389
-
61 171
-
pensions
3 663
-
3 920
-
surtax
-
-
-
-
social contributions
922
-
1 743
-
income
2 826
-
11 180
-
total
7 411
-
16 843
-
Employer
32 389
-
61 171
-
health
2 267
-
5 265
-
pensions
5 322
-
6 658
-
other
1 118
-
2 244
-
social contributions
97
-
184
-
unemployment
1 312
-
2 477
-
total
10 116
-
16 828
-
Corporate
35 495
78 000
-
-
surtax
-
-
-
-
income
9 938
21 840
-
-
total
9 938
21 840
-
-
Dividends
25 557
56 160
-
-
social contributions
4 396
9 660
-
-
surtax
-
-
-
-
withholding
3 271
7 189
-
-
total
7 667
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 132
38 689
33 671
33 832
After tax
42 868
39 311
44 329
44 168
Living cost
24 977
24 977
24 977
24 977
Free-cash
17 891
14 334
19 352
19 191

Estimated living cost  is ₴24977 per week

₴16904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42351
₴54655
₴52919
₴44424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
2 944
social contributions
-
-
-
17 160
total
-
-
-
20 104
Employee
16 625
-
67 533
-
social contributions
1 080
-
4 390
-
income
-
-
3 174
-
total
1 080
-
7 564
-
Employer
16 625
-
67 533
-
social contributions
2 577
-
10 467
-
total
2 577
-
10 467
-
Corporate
58 798
78 000
-
-
income
5 879
7 800
-
-
total
5 879
7 800
-
-
Dividends
52 918
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 536
7 800
18 031
20 104
After tax
68 464
70 200
59 969
57 896
Living cost
15 545
15 545
15 545
15 545
Free-cash
52 919
54 655
44 424
42 351

Estimated living cost  is ₴15545 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21883
-₴34502
-₴34502
-₴34502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 863
labour market
-
-
-
6 204
national
-
-
-
8 734
pensions
-
-
-
448
total
-
-
-
31 249
Employee
104 960
104 960
104 960
-
pensions
149
149
149
-
labour market
8 385
8 385
8 385
-
national
12 823
12 823
12 823
-
municipal
22 351
22 351
22 351
-
total
43 708
43 708
43 708
-
Employer
104 960
104 960
104 960
-
municipal
22 386
22 386
22 386
-
labour market
8 397
8 397
8 397
-
national
12 845
12 845
12 845
-
pensions
298
298
298
-
total
43 926
43 926
43 926
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
87 634
87 634
87 634
31 249
After tax
-9 634
-9 634
-9 634
46 751
Living cost
24 868
24 868
24 868
24 868
Free-cash
-34 502
-34 502
-34 502
21 883

Estimated living cost  is ₴24868 per week

₴17020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2200
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42067
-₴4986
₴4585
₴30577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
20 997
total
-
-
-
24 629
Employee
17 782
-
69 395
-
health
2 036
-
7 946
-
pensions
2 002
-
3 979
-
income
2 439
-
15 590
-
total
6 477
-
27 515
-
Employer
17 782
-
69 395
-
accident
297
-
1 159
-
pensions
2 891
-
5 745
-
unemployment
436
-
1 700
-
total
3 624
-
8 604
-
Corporate
56 594
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.

50 935
70 200
-
-
total
50 935
70 200
-
-
Dividends
5 659
7 800
-
-
withholding
1 075
1 482
-
-
total
1 075
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 111
71 682
36 119
24 629
After tax
15 889
6 318
41 881
53 371
Living cost
11 304
11 304
11 304
11 304
Free-cash
4 585
-4 986
30 577
42 067

Estimated living cost  is ₴11304 per week

₴8228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32357
₴29836
₴30824
₴21896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
985
municipal
-
-
-
13 863
national
-
-
-
10 941
total
-
-
-
25 789
Employee
27 208
-
65 617
-
health
203
-
795
-
pensions
1 836
-
4 429
-
unemployment
408
-
984
-
national
449
-
6 965
-
municipal
4 456
-
10 694
-
total
7 352
-
23 867
-
Employer
27 208
-
65 617
-
health
209
-
505
-
accident
27
-
66
-
pensions
4 720
-
11 385
-
unemployment
177
-
427
-
total
5 133
-
12 383
-
Corporate
45 659
78 000
-
-
income
9 132
15 600
-
-
total
9 132
15 600
-
-
Dividends

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

27 395
46 800
-
-
national
774
4 286
-
-
municipal
4 931
8 424
-
-
total
5 705
12 710
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 322
28 310
36 250
25 789
After tax
50 678
49 690
41 750
52 211
Living cost
19 854
19 854
19 854
19 854
Free-cash
30 824
29 836
21 896
32 357

Estimated living cost  is ₴19854 per week

₴12969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1910
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.
₴4661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41996
₴44972
₴42158
₴41274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 989
social contributions
-
-
-
8 367
income
-
-
-
13 675
total
-
-
-
24 031
Employee
39 765
39 765
72 213
-
health
308
676
1 228
-
social contributions
1 503
3 300
4 451
-
income
4 330
3 681
13 287
-
total
6 141
7 657
18 966
-
Employer
39 765
39 765
72 213
-
health
335
736
1 336
-
social contributions
1 503
3 300
4 451
-
total
1 838
4 036
5 787
-
Corporate
58 047
34 198
-
-
income
7 256
4 275
-
-
total
7 256
4 275
-
-
Dividends
50 791
29 923
-
-
withholding
8 634
5 087
-
-
total
8 634
5 087
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 869
21 055
24 753
24 031
After tax
54 131
56 945
53 247
53 969
Living cost
11 973
11 973
11 973
11 973
Free-cash
42 158
44 972
41 274
41 996

Estimated living cost  is ₴11973 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56786
₴56380
₴53749
₴46413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 871
pensions
-
-
-
3 290
unemployment
-
-
-
15
income
-
-
-
7 827
total
-
-
-
13 003
Employee

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

11 870
-
72 946
-
health
1 009
-
4 171
-
pensions
1 780
-
7 360
-
unemployment
59
-
245
-
income
812
-
6 546
-
total
3 660
-
18 322
-
Employer

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

11 870
-
72 946
-
health
510
-
2 110
-
pensions
653
-
2 699
-
unemployment
59
-
245
-
total
1 222
-
5 054
-
Corporate
64 908
78 000
-
-
income
5 842
7 020
-
-
total
5 842
7 020
-
-
Dividends
59 066
70 980
-
-
withholding
5 316
6 389
-
-
total
5 316
6 389
-
-
Income
78 000
78 000
78 000
78 000
Total tax
16 040
13 409
23 376
13 003
After tax
61 960
64 591
54 624
64 997
Living cost
8 211
8 211
8 211
8 211
Free-cash
53 749
56 380
46 413
56 786

Estimated living cost  is ₴8211 per week

₴5239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29699
₴37929
₴35562
₴27529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
19 700
total
-
-
-
34 080
Employee
19 122
-
62 719
-
pensions
899
-
2 253
-
unemployment
296
-
743
-
other
19
-
48
-
income
3 686
-
17 925
-
total
4 900
-
20 969
-
Employer
19 122
-
62 719
-
accident
379
-
949
-
pensions
4 512
-
11 312
-
other
153
-
384
-
unemployment
1 052
-
2 636
-
total
6 096
-
15 281
-
Corporate
52 782
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.

7 918
11 700
-
-
total
7 918
11 700
-
-
Dividends
44 864
66 300
-
-
withholding
9 303
14 150
-
-
total
9 303
14 150
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 217
25 850
36 250
34 080
After tax
49 783
52 150
41 750
43 920
Living cost
14 221
14 221
14 221
14 221
Free-cash
35 562
37 929
27 529
29 699

Estimated living cost  is ₴14221 per week

₴9599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49163
₴47704
₴47545
₴49095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
512
pensions
-
-
-
706
income
-
-
-
26 651
total
-
-
-
27 869
Employee
1 474
-
77 206
-
health
74
-
176
-
pensions
133
-
318
-
unemployment
15
-
35
-
income
285
-
26 614
-
total
507
-
27 143
-
Employer
1 474
-
77 206
-
health
140
-
335
-
pensions
162
-
388
-
unemployment
29
-
71
-
total
331
-
794
-
Corporate
76 194
78 000
-
-
income
16 763
17 160
-
-
total
16 763
17 160
-
-
Dividends
59 432
60 840
-
-
withholding
11 886
12 168
-
-
total
11 886
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 487
29 328
27 937
27 869
After tax
48 513
48 672
50 063
50 131
Living cost
968
968
968
968
Free-cash
47 545
47 704
49 095
49 163

Estimated living cost  is ₴968 per week

₴575
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.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37317
₴47432
₴44893
₴37317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 928
pensions
-
-
-
9 915
unemployment
-
-
-
572
income
-
-
-
17 345
total
-
-
-
31 760
Employee

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

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

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

13 456
-
71 174
-
health
693
-
1 964
-
pensions
1 884
-
5 339
-
unemployment
101
-
286
-
income
1 855
-
17 345
-
total
4 533
-
24 934
-
Employer

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

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

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

13 456
-
71 174
-
health
693
-
1 964
-
pensions
1 615
-
4 576
-
unemployment
101
-
286
-
total
2 409
-
6 826
-
Corporate
62 135
78 000
-
-
income
9 320
11 700
-
-
total
9 320
11 700
-
-
Dividends
52 815
66 300
-
-
withholding
7 922
9 945
-
-
total
7 922
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 184
21 645
31 760
31 760
After tax
53 816
56 355
46 240
46 240
Living cost
8 923
8 923
8 923
8 923
Free-cash
44 893
47 432
37 317
37 317

Estimated living cost  is ₴8923 per week

₴6008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28289
₴30425
₴30238
₴22757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
social contributions

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

-
-
-
27 105
income
-
-
-
8 664
surtax
-
-
-
-
total
-
-
-
35 769
Employee
20 071
-
63 030
-
surtax
-
-
-
-
social contributions
2 208
-
6 933
-
income
3 922
-
19 398
-
total
6 130
-
26 331
-
Employer
20 071
-
63 030
-
social contributions
4 766
-
14 970
-
total
4 766
-
14 970
-
Corporate
53 162
78 000
-
-
surtax
-
-
-
-
income
11 164
16 380
-
-
total
11 164
16 380
-
-
Dividends
41 998
61 620
-
-
withholding
11 760
17 253
-
-
total
11 760
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 820
33 633
41 301
35 769
After tax
44 180
44 367
36 699
42 231
Living cost
13 942
13 942
13 942
13 942
Free-cash
30 238
30 425
22 757
28 289

Estimated living cost  is ₴13942 per week

₴9874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25746
₴33976
₴30375
₴23576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
other
-
-
-
48
pensions
-
-
-
13 564
unemployment
-
-
-
336
income
-
-
-
19 700
total
-
-
-
34 080
Employee
24 975
-
62 719
-
pensions
1 174
-
2 253
-
unemployment
387
-
743
-
other
25
-
48
-
income
5 216
-
17 925
-
total
6 802
-
20 969
-
Employer
24 975
-
62 719
-
accident
495
-
949
-
pensions
5 894
-
11 312
-
other
200
-
384
-
unemployment
1 374
-
2 636
-
total
7 963
-
15 281
-
Corporate
45 062
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.

6 760
11 700
-
-
total
6 760
11 700
-
-
Dividends
38 302
66 300
-
-
withholding
7 926
14 150
-
-
total
7 926
14 150
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 451
25 850
36 250
34 080
After tax
48 549
52 150
41 750
43 920
Living cost
18 175
18 175
18 175
18 175
Free-cash
30 375
33 976
23 576
25 746

Estimated living cost  is ₴18175 per week

₴13052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
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.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52156
₴57518
₴54270
₴55042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 142
pensions

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

-
-
-
2 756
unemployment
-
-
-
74
income
-
-
-
11 700
total
-
-
-
16 672
Employee
12 145
-
74 346
-
health
559
-
857
-
accident

We are using the highest rate at 1.1%.

133
-
205
-
pensions

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

1 066
-
1 635
-
income
1 215
-
7 435
-
total
2 973
-
10 132
-
Employer
12 145
-
74 346
-
health
838
-
1 285
-
accident

We are using the highest rate at 1.1%.

133
-
205
-
pensions

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

1 338
-
2 052
-
unemployment
73
-
112
-
total
2 382
-
3 654
-
Corporate
63 472
78 000
-
-
income
6 347
7 800
-
-
total
6 347
7 800
-
-
Dividends
57 125
70 200
-
-
withholding
2 856
3 510
-
-
total
2 856
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 558
11 310
13 786
16 672
After tax
63 442
66 690
64 214
61 328
Living cost
9 172
9 172
9 172
9 172
Free-cash
54 270
57 518
55 042
52 156

Estimated living cost  is ₴9172 per week

₴6066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22854
₴20199
₴26964
₴30597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 533
trade
-
-
-
7 743
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.

-
-
-
1 246
income

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

-
-
-
22 659
total
-
-
-
35 181
Employee

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

25 731
-
78 000
-
health

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

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

3 533
-
3 533
-
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
-
1 246
-
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.

2 116
-
22 659
-
total
5 766
-
27 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 269
78 000
-
-
trade
7 501
11 193
-
-
chamber of commerce
155
193
-
-
surtax

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

431
644
-
-
income
7 840
11 700
-
-
total
15 927
23 730
-
-
Dividends
36 343
54 270
-
-
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.

489
735
-
-
withholding
8 889
13 371
-
-
total
9 378
14 106
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 071
37 836
27 438
35 181
After tax
46 929
40 164
50 562
42 819
Living cost
19 965
19 965
19 965
19 965
Free-cash
26 964
20 199
30 597
22 854

Estimated living cost  is ₴19965 per week

₴13772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13181
₴25142
₴26283
₴13181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 652
social contributions
-
-
-
12 709
total
-
-
-
35 361
Employee
40 452
-
78 000
-
social contributions
3 361
-
12 709
-
income
7 633
-
22 652
-
total
10 994
-
35 361
-
Employer
40 452
-
78 000
-
total
-
-
-
-
Corporate
37 548
78 000
-
-
income
4 694
9 750
-
-
total
4 694
9 750
-
-
Dividends
32 854
68 250
-
-
withholding
6 571
13 650
-
-
total
6 571
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 259
23 400
35 361
35 361
After tax
55 741
54 600
42 639
42 639
Living cost
29 458
29 458
29 458
29 458
Free-cash
26 283
25 142
13 181
13 181

Estimated living cost  is ₴29458 per week

₴22411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41301
₴29196
₴31003
₴37486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
78 000
income
-
-
-
14 720
health

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

-
-
-
3 207
total
-
-
-
17 927
Employee
23 723
-
75 621
-
social contributions
2 377
-
2 379
-
income
2 574
-
16 984
-
total
4 951
-
19 363
-
Employer
23 723
-
75 621
-
social contributions
2 377
-
2 379
-
total
2 377
-
2 379
-
Corporate
51 900
78 000
-
-
income
18 165
27 300
-
-
total
18 165
27 300
-
-
Dividends
33 735
50 700
-
-
social contributions
2 732
2 732
-
-
total
2 732
2 732
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 225
30 032
21 742
17 927
After tax
49 775
47 968
56 258
60 073
Living cost
18 772
18 772
18 772
18 772
Free-cash
31 003
29 196
37 486
41 301

Estimated living cost  is ₴18772 per week

₴12365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33516
₴33274
₴36332
₴26383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 387
income
-
-
-
20 915
total
-
-
-
25 302
Employee
26 330
-
68 258
-
health
343
-
1 040
-
pensions
2 010
-
5 491
-
income
4 795
-
16 161
-
total
7 148
-
22 692
-
Employer
26 330
-
68 258
-
health
500
-
1 297
-
pensions
2 660
-
8 446
-
total
3 160
-
9 743
-
Corporate
48 510
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.

9 217
14 820
-
-
total
9 217
14 820
-
-
Dividends
39 293
63 180
-
-
withholding
2 961
10 724
-
-
total
2 961
10 724
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 486
25 544
32 435
25 302
After tax
55 514
52 456
45 565
52 698
Living cost
19 182
19 182
19 182
19 182
Free-cash
36 332
33 274
26 383
33 516

Estimated living cost  is ₴19182 per week

₴13159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40948
-₴6105
₴4414
₴29458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 137
accident
-
-
-
132
other
-
-
-
193
pensions
-
-
-
2 170
income
-
-
-
20 997
total
-
-
-
24 629
Employee
19 542
-
69 395
-
health
2 237
-
7 946
-
pensions
2 200
-
3 979
-
income
2 681
-
15 590
-
total
7 118
-
27 515
-
Employer
19 542
-
69 395
-
accident
326
-
1 159
-
pensions
3 177
-
5 745
-
unemployment
479
-
1 700
-
total
3 982
-
8 604
-
Corporate
54 476
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.

49 028
70 200
-
-
total
49 028
70 200
-
-
Dividends
5 448
7 800
-
-
withholding
1 035
1 482
-
-
total
1 035
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 163
71 682
36 119
24 629
After tax
16 837
6 318
41 881
53 371
Living cost
12 423
12 423
12 423
12 423
Free-cash
4 414
-6 105
29 458
40 948

Estimated living cost  is ₴12423 per week

₴9117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
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.
₴2332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴36908
₴58659
₴56242
₴46997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
health insurance
-
-
-
5 772
work injury
-
-
-
390
pensions
-
-
-
14 352
unemployment
-
-
-
936
income
-
-
-
12 664
total
-
-
-
34 114
Employee

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

11 165
-
78 000
-
pensions
2 054
-
7 601
-
work injury
56
-
207
-
unemployment
134
-
496
-
health insurance
826
-
3 057
-
income
1 117
-
12 664
-
total
4 187
-
24 025
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 835
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%.

668
780
-
-
total
668
780
-
-
Dividends
66 166
77 220
-
-
withholding
9 925
11 583
-
-
total
9 925
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 780
12 363
24 025
34 114
After tax
63 220
65 637
53 975
43 886
Living cost
6 978
6 978
6 978
6 978
Free-cash
56 242
58 659
46 997
36 908

Estimated living cost  is ₴6978 per week

₴4323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16519
₴20482
₴18131
₴13042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 772
municipal
-
-
-
521
social contributions
-
-
-
20 062
national
-
-
-
18 524
total
-
-
-
40 879
Employee
43 577
-
78 000
-
regional
658
-
1 555
-
national
7 364
-
16 034
-
social contributions
14 694
-
26 302
-
municipal
260
-
465
-
total
22 976
-
44 356
-
Employer
43 577
-
78 000
-
total
-
-
-
-
Corporate
34 423
78 000
-
-
nationa
8 261
18 720
-
-
municipal
1 659
3 760
-
-
total
9 920
22 480
-
-
Dividends
24 502
55 521
-
-
withholding
6 371
14 436
-
-
total
6 371
14 436
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 267
36 916
44 356
40 879
After tax
38 733
41 084
33 644
37 121
Living cost
20 602
20 602
20 602
20 602
Free-cash
18 131
20 482
13 042
16 519

Estimated living cost  is ₴20602 per week

₴14471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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