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
₴29702
₴24149
₴35146
₴26538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 608
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.

-
-
-
22 952
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.

-
-
-
3 430
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.

-
-
-
1 263
total
-
-
-
36 253
Employee

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

19 205
-
78 000
-
surtax

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

30
-
1 263
-
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.

3 430
-
3 430
-
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.

536
-
22 952
-
total
3 996
-
27 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 795
78 000
-
-
trade
9 260
12 285
-
-
income
8 820
11 700
-
-
surtax

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

485
643
-
-
chamber of commerce
161
189
-
-
total
18 726
24 817
-
-
Dividends
40 070
53 183
-
-
withholding
9 827
13 105
-
-
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.

540
720
-
-
total
10 367
13 825
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 089
38 642
27 645
36 253
After tax
44 911
39 358
50 355
41 747
Living cost
15 209
15 209
15 209
15 209
Free-cash
29 702
24 149
35 146
26 538

Estimated living cost  is ₴15209 per week

₴9567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22598
₴23023
₴21180
₴20568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
838
pensions
-
-
-
9 360
municipal
-
-
-
8 466
national
-
-
-
13 119
total
-
-
-
31 783
Employee
39 761
-
67 430
-
national
7 610
-
13 587
-
municipal
4 911
-
8 768
-
pensions
1 590
-
2 697
-
total
14 111
-
25 052
-
Employer
39 761
-
67 430
-
pensions
3 181
-
5 394
-
social contributions
427
-
725
-
total
3 608
-
6 119
-
Corporate
32 006
78 000
-
-
income

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

6 401
15 600
-
-
total
6 401
15 600
-
-
Dividends
25 605
62 400
-
-
withholding
5 633
13 728
-
-
total
5 633
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 753
29 328
31 171
31 783
After tax
48 247
48 672
46 829
46 217
Living cost
25 649
25 649
25 649
25 649
Free-cash
22 598
23 023
21 180
20 568

Estimated living cost  is ₴25649 per week

₴17434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47836
₴51954
₴36733
₴15483
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 238
income
-
-
-
12 943
microenterprise
-
-
-
-
surtax
-
-
-
19 890
total
-
-
-
52 071
Employee
14 672
-
56 502
-
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.

1 614
-
6 215
-
income
2 612
-
10 994
-
total
4 226
-
17 209
-
Employer
14 672
-
56 502
-
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.

3 534
-
13 612
-
surtax
-
-
-
-
total
3 534
-
13 612
-
Corporate
59 794
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%.

11 958
15 600
-
-
total
11 958
15 600
-
-
Dividends

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

47 836
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 718
15 600
30 821
52 071
After tax
58 282
62 400
47 179
25 929
Living cost
10 446
10 446
10 446
10 446
Free-cash
47 836
51 954
36 733
15 483

Estimated living cost  is ₴10446 per week

₴6664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14351
₴17426
₴26564
₴22755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 136
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
34 211
Employee
42 878
42 878
68 669
-
health
6 581
5 598
6 192
-
pensions
7 718
5 883
5 883
-
income

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

7 019
7 019
8 996
-
total
21 318
18 500
21 071
-
Employer
42 878
42 878
68 669
-
pensions
2 984
2 984
3 709
-
unemployment
1 544
1 544
1 918
-
health
2 981
2 981
3 704
-
total
7 509
7 509
9 331
-
Corporate
28 139
27 613
-
-
income
5 628
5 523
-
-
total
5 628
5 523
-
-
Dividends
22 511
22 090
-
-
withholding
3 377
3 313
-
-
income
4 783
4 695
-
-
total
8 160
8 008
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 615
39 540
30 402
34 211
After tax
35 385
38 460
47 598
43 789
Living cost
21 034
21 034
21 034
21 034
Free-cash
14 351
17 426
26 564
22 755

Estimated living cost  is ₴21034 per week

₴14906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21369
₴21835
₴19636
₴20139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
5 285
unemployment
-
-
-
46
pensions
-
-
-
4 917
municipal
-
-
-
19 330
accident
-
-
-
91
national
-
-
-
4 601
health
-
-
-
2 838
total
-
-
-
37 108
Employee
29 571
-
63 709
-
national
-
-
4 322
-
municipal
8 818
-
18 998
-
total
8 818
-
23 320
-
Employer
29 571
-
63 709
-
other
3 436
-
5 285
-
accident
59
-
91
-
pensions
3 197
-
4 917
-
unemployment
781
-
1 201
-
health
1 819
-
2 797
-
total
9 292
-
14 291
-
Corporate
39 138
78 000
-
-
income
8 610
17 160
-
-
total
8 610
17 160
-
-
Dividends
30 528
60 840
-
-
withholding
9 158
18 252
-
-
total
9 158
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 878
35 412
37 611
37 108
After tax
42 122
42 588
40 389
40 892
Living cost
20 753
20 753
20 753
20 753
Free-cash
21 369
21 835
19 636
20 139

Estimated living cost  is ₴20753 per week

₴13754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26287
₴19231
₴30630
₴21639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 991
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.

-
-
-
22 952
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.

-
-
-
3 430
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.

-
-
-
1 263
total
-
-
-
36 636
Employee

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

25 463
-
78 000
-
surtax

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

120
-
1 263
-
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.

3 430
-
3 430
-
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.

2 188
-
22 952
-
total
5 738
-
27 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 537
78 000
-
-
trade
8 642
12 831
-
-
income
7 880
11 700
-
-
surtax

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

434
643
-
-
chamber of commerce
151
187
-
-
total
17 107
25 361
-
-
Dividends
35 430
52 639
-
-
withholding
8 667
12 969
-
-
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.

476
714
-
-
total
9 143
13 683
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 988
39 044
27 645
36 636
After tax
46 012
38 956
50 355
41 364
Living cost
19 725
19 725
19 725
19 725
Free-cash
26 287
19 231
30 630
21 639

Estimated living cost  is ₴19725 per week

₴13192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴38568
₴40650
₴36836
₴37550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 124
income
-
-
-
14 051
health
-
-
-
1 989
total
-
-
-
24 164
Employee
38 610
38 610
72 339
-
health
384
657
1 230
-
social contributions
1 876
3 204
4 322
-
income
4 054
3 574
13 666
-
total
6 314
7 435
19 218
-
Employer
38 610
38 610
72 339
-
social contributions
1 876
3 204
4 322
-
health
418
715
1 338
-
total
2 294
3 919
5 660
-
Corporate
53 105
35 471
-
-
income
6 639
4 434
-
-
total
6 639
4 434
-
-
Dividends
46 466
31 037
-
-
withholding
7 899
5 276
-
-
total
7 899
5 276
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 146
21 064
24 878
24 164
After tax
54 854
56 936
53 122
53 836
Living cost
16 286
16 286
16 286
16 286
Free-cash
38 568
40 650
36 836
37 550

Estimated living cost  is ₴16286 per week

₴11133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
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.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34712
₴34517
₴35893
₴44709
S + D Salary + Dividends

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

Dividends

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

Salary

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

13 461
5 357
65 272
-
unemployment
202
80
979
-
health
942
375
4 569
-
pensions
1 346
536
6 527
-
income
1 646
655
7 979
-
total
4 136
1 646
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.

13 461
5 357
65 272
-
pensions
2 625
1 045
12 728
-
total
2 625
1 045
12 728
-
Corporate
61 914
71 598
-
-
income
5 572
6 444
-
-
total
5 572
6 444
-
-
Dividends
56 341
65 154
-
-
withholding
10 705
12 379
-
-
social contributions
10 925
12 644
-
-
total
21 630
25 023
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 963
34 158
32 782
23 966
After tax
44 037
43 842
45 218
54 034
Living cost
9 325
9 325
9 325
9 325
Free-cash
34 712
34 517
35 893
44 709

Estimated living cost  is ₴9325 per week

₴6364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47153
₴50272
₴32831
₴29681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
10 452
pensions
-
-
-
15 599
health
-
-
-
10 140
total
-
-
-
36 191
Employee
14 244
-
58 296
-
unemployment
228
-
933
-
pensions
285
-
1 166
-
income
1 604
-
11 239
-
total
2 117
-
13 338
-
Employer
14 244
-
58 296
-
pensions
2 849
-
11 659
-
unemployment
114
-
466
-
health
1 851
-
7 578
-
total
4 814
-
19 703
-
Corporate
58 941
78 000
-
-
income
11 788
15 600
-
-
total
11 788
15 600
-
-
Dividends
47 153
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 719
15 600
33 041
36 191
After tax
59 281
62 400
44 959
41 809
Living cost
12 128
12 128
12 128
12 128
Free-cash
47 153
50 272
32 831
29 681

Estimated living cost  is ₴12128 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
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.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4590
-₴4940
₴30684
₴42107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
190
income
-
-
-
21 071
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 635
Employee
17 710
-
69 499
-
health
2 028
-
7 957
-
pensions
1 994
-
3 904
-
income
2 430
-
15 695
-
total
6 452
-
27 556
-
Employer
17 710
-
69 499
-
accident
296
-
1 161
-
pensions
2 880
-
5 638
-
unemployment
434
-
1 703
-
total
3 610
-
8 502
-
Corporate
56 681
78 000
-
-
income

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

51 013
70 200
-
-
total
51 013
70 200
-
-
Dividends
5 668
7 800
-
-
withholding
1 077
1 482
-
-
total
1 077
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 152
71 682
36 058
24 635
After tax
15 848
6 318
41 942
53 365
Living cost
11 258
11 258
11 258
11 258
Free-cash
4 590
-4 940
30 684
42 107

Estimated living cost  is ₴11258 per week

₴8251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69253
₴70018
₴58318
₴73138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 103
-
78 000
-
income
1 020
-
15 600
-
total
1 020
-
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%.

72 897
78 000
-
-
total
-
-
-
-
Dividends
72 897
78 000
-
-
withholding
3 645
3 900
-
-
total
3 645
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 665
3 900
15 600
780
After tax
73 335
74 100
62 400
77 220
Living cost
4 082
4 082
4 082
4 082
Free-cash
69 253
70 018
58 318
73 138

Estimated living cost  is ₴4082 per week

₴2530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40536
₴43927
₴31080
₴28262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
3 627
income
-
-
-
11 047
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.

-
-
-
18 325
health
-
-
-
3 360
total
-
-
-
36 359
Employee
18 231
-
62 301
-
unemployment
182
-
623
-
health
255
-
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.

1 276
-
4 360
-
income
3 139
-
11 987
-
total
4 852
-
17 842
-
Employer
18 231
-
62 301
-
other
912
-
3 115
-
accident
146
-
498
-
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.

3 100
-
10 591
-
unemployment
182
-
623
-
health
255
-
872
-
total
4 595
-
15 699
-
Corporate
55 174
78 000
-
-
income
11 587
16 380
-
-
total
11 587
16 380
-
-
Dividends
43 587
61 620
-
-
withholding
3 051
4 314
-
-
total
3 051
4 314
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 085
20 694
33 541
36 359
After tax
53 915
57 306
44 459
41 641
Living cost
13 379
13 379
13 379
13 379
Free-cash
40 536
43 927
31 080
28 262

Estimated living cost  is ₴13379 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18815
₴19107
₴12386
₴19493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 380
pensions
-
-
-
4 251
total
-
-
-
25 631
Employee
46 514
-
68 217
-
health
766
-
1 022
-
pensions
4 487
-
5 292
-
income
8 385
-
16 642
-
total
13 638
-
22 956
-
Employer
46 514
-
68 217
-
pensions
5 492
-
8 486
-
health
883
-
1 296
-
total
6 375
-
9 782
-
Corporate
25 110
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.

4 771
14 820
-
-
total
4 771
14 820
-
-
Dividends
20 339
63 180
-
-
withholding
1 525
11 197
-
-
total
1 525
11 197
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 309
26 017
32 738
25 631
After tax
51 691
51 983
45 262
52 369
Living cost
32 876
32 876
32 876
32 876
Free-cash
18 815
19 107
12 386
19 493

Estimated living cost  is ₴32876 per week

₴24634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57774
₴60107
₴57980
₴55034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
11 700
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
16 383
Employee
8 717
-
74 559
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
807
-
pensions

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

765
-
1 540
-
income
872
-
7 456
-
total
2 134
-
9 996
-
Employer
8 717
-
74 559
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

961
-
1 933
-
unemployment
52
-
105
-
health
602
-
1 210
-
total
1 711
-
3 441
-
Corporate
67 572
78 000
-
-
income
6 757
7 800
-
-
total
6 757
7 800
-
-
Dividends
60 815
70 200
-
-
withholding
3 041
3 510
-
-
total
3 041
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 643
11 310
13 437
16 383
After tax
64 357
66 690
64 563
61 617
Living cost
6 583
6 583
6 583
6 583
Free-cash
57 774
60 107
57 980
55 034

Estimated living cost  is ₴6583 per week

₴3844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11881
₴10617
₴19755
₴15946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 136
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
34 211
Employee
46 552
42 878
68 669
-
health
5 808
5 598
6 192
-
pensions
5 883
5 883
5 883
-
income

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

7 019
7 019
8 996
-
total
18 710
18 500
21 071
-
Employer
46 552
42 878
68 669
-
pensions
3 240
2 984
3 709
-
unemployment
1 676
1 544
1 918
-
health
3 235
2 981
3 704
-
total
8 151
7 509
9 331
-
Corporate
23 297
27 613
-
-
income
4 659
5 523
-
-
total
4 659
5 523
-
-
Dividends
18 638
22 090
-
-
withholding
2 796
3 313
-
-
income
3 960
4 695
-
-
total
6 756
8 008
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 276
39 540
30 402
34 211
After tax
39 724
38 460
47 598
43 789
Living cost
27 843
27 843
27 843
27 843
Free-cash
11 881
10 617
19 755
15 946

Estimated living cost  is ₴27843 per week

₴20539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36742
₴41202
₴27081
₴29558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
7 422
health
-
-
-
10 530
solidarity contribution
-
-
-
-
total
-
-
-
35 941
Employee
18 384
-
58 209
-
solidarity contribution
-
-
-
-
health
2 482
-
7 858
-
social contributions
1 195
-
3 784
-
income
2 206
-
6 985
-
total
5 883
-
18 627
-
Employer
18 384
-
58 209
-
social contributions
4 596
-
14 552
-
health
1 655
-
5 239
-
total
6 251
-
19 791
-
Corporate
53 365
78 000
-
-
income
10 139
14 820
-
-
total
10 139
14 820
-
-
Dividends
43 226
63 180
-
-
withholding
6 484
9 477
-
-
total
6 484
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 757
24 297
38 418
35 941
After tax
49 243
53 703
39 582
42 059
Living cost
12 501
12 501
12 501
12 501
Free-cash
36 742
41 202
27 081
29 558

Estimated living cost  is ₴12501 per week

₴8683
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.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17809
₴20429
₴13156
₴16704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
909
social contributions
-
-
-
20 061
municipal
-
-
-
463
national
-
-
-
18 676
total
-
-
-
40 109
Employee
44 625
-
78 000
-
national
7 732
-
16 139
-
regional
421
-
802
-
municipal
236
-
414
-
social contributions
15 047
-
26 302
-
total
23 436
-
43 657
-
Employer
44 625
-
78 000
-
total
-
-
-
-
Corporate
33 375
78 000
-
-
nationa
8 010
18 720
-
-
municipal
1 302
3 042
-
-
total
9 312
21 762
-
-
Dividends
24 064
56 238
-
-
withholding
6 256
14 622
-
-
total
6 256
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 004
36 384
43 657
40 109
After tax
38 996
41 616
34 343
37 891
Living cost
21 187
21 187
21 187
21 187
Free-cash
17 809
20 429
13 156
16 704

Estimated living cost  is ₴21187 per week

₴14769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36420
₴37982
₴23221
₴25936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
19 825
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
2 884
total
-
-
-
40 984
Employee
16 605
-
64 436
-
surtax
54
-
2 456
-
unemployment
1 156
-
4 485
-
other
-
-
-
-
health
424
-
1 643
-
pensions
1 107
-
4 298
-
income
2 783
-
17 253
-
total
5 524
-
30 135
-
Employer
16 605
-
64 436
-
other
-
-
-
-
pensions
2 213
-
8 589
-
unemployment
526
-
2 043
-
health
756
-
2 932
-
total
3 495
-
13 564
-
Corporate
57 900
78 000
-
-
income
15 054
20 280
-
-
total
15 054
20 280
-
-
Dividends
42 846
57 720
-
-
withholding
6 427
8 658
-
-
total
6 427
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 500
28 938
43 699
40 984
After tax
47 500
49 062
34 301
37 016
Living cost
11 080
11 080
11 080
11 080
Free-cash
36 420
37 982
23 221
25 936

Estimated living cost  is ₴11080 per week

₴6775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32114
₴29523
₴22802
₴29909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 380
pensions
-
-
-
4 251
total
-
-
-
25 631
Employee
31 173
-
68 217
-
health
453
-
1 022
-
pensions
2 646
-
5 292
-
income
5 614
-
16 642
-
total
8 713
-
22 956
-
Employer
31 173
-
68 217
-
pensions
3 374
-
8 486
-
health
592
-
1 296
-
total
3 966
-
9 782
-
Corporate
42 861
78 000
-
-
income

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

8 143
14 820
-
-
total
8 143
14 820
-
-
Dividends
34 718
63 180
-
-
withholding
2 604
11 197
-
-
total
2 604
11 197
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 426
26 017
32 738
25 631
After tax
54 574
51 983
45 262
52 369
Living cost
22 460
22 460
22 460
22 460
Free-cash
32 114
29 523
22 802
29 909

Estimated living cost  is ₴22460 per week

₴16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13012
-₴3934
₴20380
₴24168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other

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

-
-
-
1 560
city
-
-
-
822
regional
-
-
-
3 519
pensions
-
-
-
7 177
national
-
-
-
977
health
-
-
-
176
total
-
-
-
14 231
Employee
46 343
-
69 815
-
national
219
-
797
-
unemployment
-
-
-
-
city
497
-
750
-
regional
1 518
-
3 034
-
health
105
-
157
-
pensions
3 893
-
5 864
-
total
6 232
-
10 602
-
Employer
46 343
-
69 815
-
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.

927
-
1 396
-
pensions
3 893
-
5 864
-
unemployment
-
-
-
-
health
105
-
157
-
total
4 925
-
7 417
-
Corporate
26 223
78 000
-
-
regional
5 546
16 497
-
-
national
2 228
6 630
-
-
total
7 774
23 127
-
-
Dividends
18 448
54 872
-
-
withholding
6 456
19 206
-
-
total
6 456
19 206
-
-
Income
78 000
78 000
78 000
78 000
Total tax
25 387
42 333
18 019
14 231
After tax
52 613
35 667
59 981
63 769
Living cost
39 601
39 601
39 601
39 601
Free-cash
13 012
-3 934
20 380
24 168

Estimated living cost  is ₴39601 per week

₴25752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23696
₴15553
₴27353
₴17980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 373
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.

-
-
-
22 952
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.

-
-
-
3 430
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.

-
-
-
1 263
total
-
-
-
37 018
Employee

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

30 176
-
78 000
-
surtax

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

195
-
1 263
-
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.

3 430
-
3 430
-
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.

3 548
-
22 952
-
total
7 173
-
27 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 824
78 000
-
-
trade
8 202
13 377
-
-
income
7 174
11 700
-
-
surtax

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

394
643
-
-
chamber of commerce
144
186
-
-
total
15 914
25 906
-
-
Dividends
31 909
52 094
-
-
withholding
7 787
12 833
-
-
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.

428
706
-
-
total
8 215
13 539
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 302
39 445
27 645
37 018
After tax
46 698
38 555
50 355
40 982
Living cost
23 002
23 002
23 002
23 002
Free-cash
23 696
15 553
27 353
17 980

Estimated living cost  is ₴23002 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1840
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.
₴4064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25098
₴22134
₴26851
₴26945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
2 418
social contributions
-
-
-
2 222
income
-
-
-
11 360
pensions
-
-
-
14 904
health
-
-
-
2 972
surtax
-
-
-
-
total
-
-
-
33 876
Employee
21 490
-
61 023
-
surtax
-
-
-
-
pensions
2 430
-
3 971
-
social contributions
613
-
1 739
-
income
1 268
-
11 283
-
total
4 311
-
16 993
-
Employer
21 490
-
61 023
-
other
741
-
2 264
-
pensions
3 530
-
6 734
-
unemployment
870
-
2 472
-
social contributions
65
-
183
-
health
1 505
-
5 324
-
total
6 711
-
16 977
-
Corporate
49 799
78 000
-
-
income
13 944
21 840
-
-
surtax
-
-
-
-
total
13 944
21 840
-
-
Dividends
35 855
56 160
-
-
withholding
4 590
7 188
-
-
social contributions
6 167
9 659
-
-
surtax
-
-
-
-
total
10 757
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 723
38 687
33 970
33 876
After tax
42 277
39 313
44 030
44 124
Living cost
17 179
17 179
17 179
17 179
Free-cash
25 098
22 134
26 851
26 945

Estimated living cost  is ₴17179 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26625
₴23836
₴28553
₴28647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
2 418
social contributions
-
-
-
2 222
income
-
-
-
11 360
pensions
-
-
-
14 904
health
-
-
-
2 972
surtax
-
-
-
-
total
-
-
-
33 876
Employee
19 183
-
61 023
-
surtax
-
-
-
-
pensions
2 170
-
3 971
-
social contributions
547
-
1 739
-
income
989
-
11 283
-
total
3 706
-
16 993
-
Employer
19 183
-
61 023
-
other
662
-
2 264
-
pensions
3 152
-
6 734
-
unemployment
777
-
2 472
-
social contributions
57
-
183
-
health
1 343
-
5 324
-
total
5 991
-
16 977
-
Corporate
52 827
78 000
-
-
income
14 791
21 840
-
-
surtax
-
-
-
-
total
14 791
21 840
-
-
Dividends
38 036
56 160
-
-
withholding
4 868
7 188
-
-
social contributions
6 542
9 659
-
-
surtax
-
-
-
-
total
11 410
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 898
38 687
33 970
33 876
After tax
42 102
39 313
44 030
44 124
Living cost
15 477
15 477
15 477
15 477
Free-cash
26 625
23 836
28 553
28 647

Estimated living cost  is ₴15477 per week

₴8976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37200
₴36940
₴38142
₴39444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
10 764
income
-
-
-
11 700
health
-
-
-
5 445
total
-
-
-
27 909
Employee
17 025
-
78 000
-
health
1 188
-
5 445
-
social contributions
2 350
-
10 764
-
income
2 840
-
13 002
-
total
6 378
-
29 211
-
Employer
17 025
-
78 000
-
total
-
-
-
-
Corporate
60 975
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%.

3 049
3 900
-
-
total
3 049
3 900
-
-
Dividends
57 926
74 100
-
-
health
4 043
5 172
-
-
withholding
8 689
11 115
-
-
social contributions
7 994
10 226
-
-
total
20 726
26 513
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 153
30 413
29 211
27 909
After tax
47 847
47 587
48 789
50 091
Living cost
10 647
10 647
10 647
10 647
Free-cash
37 200
36 940
38 142
39 444

Estimated living cost  is ₴10647 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24786
₴25564
₴2707
₴22311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
312
unemployment
-
-
-
3 080
income
-
-
-
19 166
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
99
total
-
-
-
37 996
Employee
25 093
20 010
60 859
-
unemployment
753
600
1 760
-
other
251
200
587
-
health
971
775
2 270
-
pensions
2 570
2 049
6 007
-
income
2 857
1 476
15 096
-
total
7 402
5 100
25 720
-
Employer
25 093
20 010
60 859
-
payroll
753
600
1 826
-
other
1 192
950
2 872
-
accident
326
260
762
-
pensions
3 149
2 512
7 362
-
unemployment
753
600
1 760
-
chamber of commerce
100
80
243
-
surtax
99
99
99
-
health
948
757
2 217
-
total
7 320
5 858
17 141
-
Corporate
45 587
52 132
58 953
-
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.

11 397
13 033
14 739
-
total
11 397
13 033
14 739
-
Dividends
34 190
39 099
-
-
withholding
9 402
10 752
-
-
total
9 402
10 752
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 521
34 743
57 600
37 996
After tax
42 479
43 257
20 400
40 004
Living cost
17 693
17 693
17 693
17 693
Free-cash
24 786
25 564
2 707
22 311

Estimated living cost  is ₴17693 per week

₴11800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17803
₴25337
₴9737
₴15605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 147
national
-
-
-
27 989
communal

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

-
-
-
3 951
total
-
-
-
44 087
Employee

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

35 916
-
60 413
-
national
11 042
-
21 322
-
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.

313
-
526
-
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.

1 688
-
2 840
-
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.

2 694
-
4 531
-
communal

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

1 873
-
3 151
-
total
17 610
-
32 370
-
Employer

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

35 916
-
60 413
-
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.

467
-
785
-
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.

3 183
-
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.

524
-
882
-
surtax
4 073
-
6 851
-
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.

2 209
-
3 715
-
total
10 456
-
17 585
-
Corporate
31 629
78 000
-
-
income
6 326
15 600
-
-
surtax
127
312
-
-
total
6 453
15 912
-
-
Dividends
25 176
62 088
-
-
withholding

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

7 370
18 443
-
-
total
7 370
18 443
-
-
Income
78 000
78 000
78 000
78 000
Total tax
41 889
34 355
49 955
44 087
After tax
36 111
43 645
28 045
33 913
Living cost
18 308
18 308
18 308
18 308
Free-cash
17 803
25 337
9 737
15 605

Estimated living cost  is ₴18308 per week

₴11793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30357
₴33986
₴23650
₴25757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 148
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 110
Employee
24 994
-
63 163
-
unemployment
388
-
721
-
other
25
-
47
-
pensions
1 175
-
2 188
-
income
5 274
-
18 424
-
total
6 862
-
21 380
-
Employer
24 994
-
63 163
-
other
199
-
373
-
accident
495
-
921
-
pensions
5 898
-
10 984
-
unemployment
1 375
-
2 559
-
total
7 967
-
14 837
-
Corporate
45 039
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.

6 756
11 700
-
-
total
6 756
11 700
-
-
Dividends
38 283
66 300
-
-
withholding
7 925
14 181
-
-
total
7 925
14 181
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 510
25 881
36 217
34 110
After tax
48 490
52 119
41 783
43 890
Living cost
18 133
18 133
18 133
18 133
Free-cash
30 357
33 986
23 650
25 757

Estimated living cost  is ₴18133 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13043
₴18944
₴15555
₴12446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 641
pensions
-
-
-
11 692
accident
-
-
-
657
communal
-
-
-
4 930
health
-
-
-
5 480
surtax
-
-
-
3 867
total
-
-
-
38 267
Employee
38 025
-
69 674
-
surtax
2 331
-
4 270
-
health
1 692
-
3 101
-
pensions
3 042
-
5 574
-
income
3 673
-
13 887
-
total
10 738
-
26 832
-
Employer
38 025
-
69 674
-
accident
342
-
627
-
pensions
3 042
-
5 574
-
health
1 160
-
2 125
-
total
4 544
-
8 326
-
Corporate
35 432
78 000
-
-
income
5 315
11 700
-
-
communal
2 392
5 265
-
-
surtax
372
819
-
-
total
8 079
17 784
-
-
Dividends
27 354
60 216
-
-
withholding
4 103
9 032
-
-
income
10 206
4 953
-
-
total
14 309
13 985
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 670
31 769
35 158
38 267
After tax
40 330
46 231
42 842
39 733
Living cost
27 287
27 287
27 287
27 287
Free-cash
13 043
18 944
15 555
12 446

Estimated living cost  is ₴27287 per week

₴20469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36187
₴37784
₴23023
₴25738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
19 825
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
2 884
total
-
-
-
40 984
Employee
16 909
-
64 436
-
surtax
60
-
2 456
-
unemployment
1 177
-
4 485
-
other
-
-
-
-
health
432
-
1 643
-
pensions
1 128
-
4 298
-
income
2 835
-
17 253
-
total
5 632
-
30 135
-
Employer
16 909
-
64 436
-
other
-
-
-
-
pensions
2 254
-
8 589
-
unemployment
536
-
2 043
-
health
769
-
2 932
-
total
3 559
-
13 564
-
Corporate
57 531
78 000
-
-
income
14 958
20 280
-
-
total
14 958
20 280
-
-
Dividends
42 573
57 720
-
-
withholding
6 386
8 658
-
-
total
6 386
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 535
28 938
43 699
40 984
After tax
47 465
49 062
34 301
37 016
Living cost
11 278
11 278
11 278
11 278
Free-cash
36 187
37 784
23 023
25 738

Estimated living cost  is ₴11278 per week

₴6809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26356
₴27473
₴20570
₴24098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
20 061
municipal
-
-
-
463
national
-
-
-
18 676
total
-
-
-
40 376
Employee
27 853
-
78 000
-
national
4 413
-
16 139
-
regional
375
-
1 049
-
municipal
148
-
414
-
social contributions
9 392
-
26 302
-
total
14 328
-
43 904
-
Employer
27 853
-
78 000
-
total
-
-
-
-
Corporate
50 147
78 000
-
-
nationa
12 036
18 720
-
-
municipal
2 493
3 876
-
-
total
14 529
22 596
-
-
Dividends
35 619
55 404
-
-
withholding
9 261
14 405
-
-
total
9 261
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 118
37 001
43 904
40 376
After tax
39 882
40 999
34 096
37 624
Living cost
13 526
13 526
13 526
13 526
Free-cash
26 356
27 473
20 570
24 098

Estimated living cost  is ₴13526 per week

₴8412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32802
₴38298
₴24177
₴26654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
7 422
health
-
-
-
10 530
solidarity contribution
-
-
-
-
total
-
-
-
35 941
Employee
22 654
-
58 209
-
solidarity contribution
-
-
-
-
health
3 058
-
7 858
-
social contributions
1 473
-
3 784
-
income
2 718
-
6 985
-
total
7 249
-
18 627
-
Employer
22 654
-
58 209
-
social contributions
5 664
-
14 552
-
health
2 039
-
5 239
-
total
7 703
-
19 791
-
Corporate
47 644
78 000
-
-
income
9 052
14 820
-
-
total
9 052
14 820
-
-
Dividends
38 591
63 180
-
-
withholding
5 789
9 477
-
-
total
5 789
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 793
24 297
38 418
35 941
After tax
48 207
53 703
39 582
42 059
Living cost
15 405
15 405
15 405
15 405
Free-cash
32 802
38 298
24 177
26 654

Estimated living cost  is ₴15405 per week

₴11456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27045
₴27291
₴4411
₴24084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
312
unemployment
-
-
-
3 080
income
-
-
-
19 166
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
-
total
-
-
-
37 897
Employee
21 949
20 010
60 951
-
unemployment
658
600
1 760
-
other
219
200
587
-
health
849
775
2 270
-
pensions
2 248
2 049
6 007
-
income
1 955
1 476
15 134
-
total
5 929
5 100
25 758
-
Employer
21 949
20 010
60 951
-
payroll
658
600
1 829
-
other
1 042
950
2 876
-
accident
285
260
762
-
pensions
2 755
2 512
7 362
-
unemployment
658
600
1 760
-
chamber of commerce
88
80
244
-
surtax
-
-
-
-
health
830
757
2 217
-
total
6 316
5 759
17 050
-
Corporate
49 735
52 231
59 045
-
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.

12 434
13 058
14 762
-
total
12 434
13 058
14 762
-
Dividends
37 301
39 173
-
-
withholding
10 257
10 773
-
-
total
10 257
10 773
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 936
34 690
57 570
37 897
After tax
43 064
43 310
20 430
40 103
Living cost
16 019
16 019
16 019
16 019
Free-cash
27 045
27 291
4 411
24 084

Estimated living cost  is ₴16019 per week

₴9610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66545
₴67738
₴56038
₴70858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
7 952
-
78 000
-
income
1 591
-
15 600
-
total
1 591
-
15 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

70 048
78 000
-
-
total
-
-
-
-
Dividends
70 048
78 000
-
-
withholding
3 502
3 900
-
-
total
3 502
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 093
3 900
15 600
780
After tax
72 907
74 100
62 400
77 220
Living cost
6 362
6 362
6 362
6 362
Free-cash
66 545
67 738
56 038
70 858

Estimated living cost  is ₴6362 per week

₴4305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36035
₴40235
₴23094
₴25158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
income
-
-
-
17 337
pensions
-
-
-
14 245
health
-
-
-
7 675
total
-
-
-
39 374
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.

22 204
-
67 491
-
unemployment
31
-
94
-
health
1 434
-
4 360
-
pensions
3 442
-
10 461
-
income
3 829
-
16 016
-
total
8 736
-
30 931
-
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.

22 204
-
67 491
-
pensions
1 965
-
5 972
-
unemployment
13
-
40
-
health
1 479
-
4 495
-
total
3 457
-
10 507
-
Corporate
52 339
78 000
-
-
income
9 945
14 820
-
-
total
9 945
14 820
-
-
Dividends
42 394
63 180
-
-
withholding
6 359
9 477
-
-
total
6 359
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 497
24 297
41 438
39 374
After tax
49 503
53 703
36 562
38 626
Living cost
13 468
13 468
13 468
13 468
Free-cash
36 035
40 235
23 094
25 158

Estimated living cost  is ₴13468 per week

₴9243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2460
₴26053
₴50072
₴32502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 688
-
-
-
social contributions
2 516
-
359
-
income
6 769
-
-
-
total
9 285
-
359
-
Employer
30 688
-
-
-
social contributions
43 269
-
6 167
-
total
43 269
-
6 167
-
Corporate
4 043
78 000
-
-
income
890
17 160
-
-
total
890
17 160
-
-
Dividends
3 154
60 840
-
-
income
694
13 385
-
-
total
694
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
54 138
30 545
6 526
24 096
After tax
23 862
47 455
71 474
53 904
Living cost
21 402
21 402
21 402
21 402
Free-cash
2 460
26 053
50 072
32 502

Estimated living cost  is ₴21402 per week

₴13886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
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.
₴5230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28112
₴28617
₴20780
₴26395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 750
surtax
-
-
-
-
total
-
-
-
35 855
Employee
23 093
-
63 031
-
surtax
-
-
-
-
social contributions
2 540
-
6 933
-
income
4 803
-
19 568
-
total
7 343
-
26 501
-
Employer
23 093
-
63 031
-
social contributions
5 485
-
14 969
-
total
5 485
-
14 969
-
Corporate
49 422
78 000
-
-
income
10 378
16 380
-
-
surtax
-
-
-
-
total
10 378
16 380
-
-
Dividends
39 044
61 620
-
-
withholding
10 932
17 253
-
-
total
10 932
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 138
33 633
41 470
35 855
After tax
43 862
44 367
36 530
42 145
Living cost
15 750
15 750
15 750
15 750
Free-cash
28 112
28 617
20 780
26 395

Estimated living cost  is ₴15750 per week

₴11784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18513
₴15062
₴19779
₴19873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
2 418
social contributions
-
-
-
2 222
income
-
-
-
11 360
pensions
-
-
-
14 904
health
-
-
-
2 972
surtax
-
-
-
-
total
-
-
-
33 876
Employee
31 448
-
61 023
-
surtax
-
-
-
-
pensions
3 557
-
3 971
-
social contributions
896
-
1 739
-
income
2 744
-
11 283
-
total
7 197
-
16 993
-
Employer
31 448
-
61 023
-
other
1 085
-
2 264
-
pensions
5 167
-
6 734
-
unemployment
1 274
-
2 472
-
social contributions
94
-
183
-
health
2 201
-
5 324
-
total
9 821
-
16 977
-
Corporate
36 730
78 000
-
-
income
10 284
21 840
-
-
surtax
-
-
-
-
total
10 284
21 840
-
-
Dividends
26 445
56 160
-
-
withholding
3 385
7 188
-
-
social contributions
4 549
9 659
-
-
surtax
-
-
-
-
total
7 934
16 847
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 236
38 687
33 970
33 876
After tax
42 764
39 313
44 030
44 124
Living cost
24 251
24 251
24 251
24 251
Free-cash
18 513
15 062
19 779
19 873

Estimated living cost  is ₴24251 per week

₴16413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53421
₴55107
₴44785
₴42712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
3 035
social contributions
-
-
-
17 160
total
-
-
-
20 195
Employee
16 142
-
67 533
-
social contributions
1 049
-
4 390
-
income
-
-
3 265
-
total
1 049
-
7 655
-
Employer
16 142
-
67 533
-
social contributions
2 502
-
10 467
-
total
2 502
-
10 467
-
Corporate
59 355
78 000
-
-
income
5 935
7 800
-
-
total
5 935
7 800
-
-
Dividends
53 420
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 486
7 800
18 122
20 195
After tax
68 514
70 200
59 878
57 805
Living cost
15 093
15 093
15 093
15 093
Free-cash
53 421
55 107
44 785
42 712

Estimated living cost  is ₴15093 per week

₴9759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31238
-₴31238
-₴31238
₴22452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
municipal
-
-
-
15 942
labour market
-
-
-
6 205
national
-
-
-
8 820
total
-
-
-
31 402
Employee
101 915
101 915
101 915
-
national
12 451
12 451
12 451
-
municipal
21 702
21 702
21 702
-
labour market
8 142
8 142
8 142
-
pensions
145
145
145
-
total
42 440
42 440
42 440
-
Employer
101 915
101 915
101 915
-
municipal
21 737
21 737
21 737
-
pensions
290
290
290
-
national
12 472
12 472
12 472
-
labour market
8 153
8 153
8 153
-
total
42 652
42 652
42 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
85 092
85 092
85 092
31 402
After tax
-7 092
-7 092
-7 092
46 598
Living cost
24 146
24 146
24 146
24 146
Free-cash
-31 238
-31 238
-31 238
22 452

Estimated living cost  is ₴24146 per week

₴16526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4617
-₴4774
₴30850
₴42273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
190
income
-
-
-
21 071
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 635
Employee
17 449
-
69 499
-
health
1 998
-
7 957
-
pensions
1 965
-
3 904
-
income
2 394
-
15 695
-
total
6 357
-
27 556
-
Employer
17 449
-
69 499
-
accident
291
-
1 161
-
pensions
2 837
-
5 638
-
unemployment
428
-
1 703
-
total
3 556
-
8 502
-
Corporate
56 995
78 000
-
-
income

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

51 295
70 200
-
-
total
51 295
70 200
-
-
Dividends
5 699
7 800
-
-
withholding
1 083
1 482
-
-
total
1 083
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 291
71 682
36 058
24 635
After tax
15 709
6 318
41 942
53 365
Living cost
11 092
11 092
11 092
11 092
Free-cash
4 617
-4 774
30 850
42 273

Estimated living cost  is ₴11092 per week

₴8074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31258
₴30248
₴22303
₴32551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 861
national
-
-
-
11 319
health
-
-
-
992
total
-
-
-
26 172
Employee
26 417
-
65 618
-
national
436
-
7 129
-
unemployment
396
-
984
-
health
197
-
801
-
municipal
4 327
-
10 693
-
pensions
1 783
-
4 429
-
total
7 139
-
24 036
-
Employer
26 417
-
65 618
-
accident
27
-
66
-
pensions
4 583
-
11 385
-
unemployment
172
-
427
-
health
203
-
505
-
total
4 985
-
12 383
-
Corporate
46 598
78 000
-
-
income
9 320
15 600
-
-
total
9 320
15 600
-
-
Dividends

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

27 959
46 800
-
-
municipal
5 033
8 424
-
-
national
987
4 451
-
-
total
6 020
12 875
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 464
28 475
36 419
26 172
After tax
50 536
49 525
41 581
51 828
Living cost
19 278
19 278
19 278
19 278
Free-cash
31 258
30 248
22 303
32 551

Estimated living cost  is ₴19278 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴42578
₴45311
₴41497
₴42211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 124
income
-
-
-
14 051
health
-
-
-
1 989
total
-
-
-
24 164
Employee
38 610
38 610
72 339
-
health
299
657
1 230
-
social contributions
1 460
3 204
4 322
-
income
4 204
3 574
13 666
-
total
5 963
7 435
19 218
-
Employer
38 610
38 610
72 339
-
social contributions
1 460
3 204
4 322
-
health
325
715
1 338
-
total
1 785
3 919
5 660
-
Corporate
58 627
35 471
-
-
income
7 328
4 434
-
-
total
7 328
4 434
-
-
Dividends
51 299
31 037
-
-
withholding
8 721
5 276
-
-
total
8 721
5 276
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 797
21 064
24 878
24 164
After tax
54 203
56 936
53 122
53 836
Living cost
11 625
11 625
11 625
11 625
Free-cash
42 578
45 311
41 497
42 211

Estimated living cost  is ₴11625 per week

₴6967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54066
₴56620
₴47082
₴57153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
7 850
pensions
-
-
-
3 194
health
-
-
-
1 817
total
-
-
-
12 875
Employee

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

11 525
-
73 093
-
unemployment
57
-
238
-
health
980
-
4 050
-
pensions
1 728
-
7 146
-
income
788
-
6 605
-
total
3 553
-
18 039
-
Employer

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

11 525
-
73 093
-
pensions
634
-
2 620
-
unemployment
57
-
238
-
health
495
-
2 049
-
total
1 186
-
4 907
-
Corporate
65 288
78 000
-
-
income
5 876
7 020
-
-
total
5 876
7 020
-
-
Dividends
59 412
70 980
-
-
withholding
5 347
6 388
-
-
total
5 347
6 388
-
-
Income
78 000
78 000
78 000
78 000
Total tax
15 962
13 408
22 946
12 875
After tax
62 038
64 592
55 054
65 125
Living cost
7 972
7 972
7 972
7 972
Free-cash
54 066
56 620
47 082
57 153

Estimated living cost  is ₴7972 per week

₴5086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴36050
₴38311
₴27975
₴30082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 148
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 110
Employee
18 566
-
63 163
-
unemployment
288
-
721
-
other
18
-
47
-
pensions
873
-
2 188
-
income
3 579
-
18 424
-
total
4 758
-
21 380
-
Employer
18 566
-
63 163
-
other
149
-
373
-
accident
368
-
921
-
pensions
4 381
-
10 984
-
unemployment
1 021
-
2 559
-
total
5 919
-
14 837
-
Corporate
53 515
78 000
-
-
income

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

8 027
11 700
-
-
total
8 027
11 700
-
-
Dividends
45 488
66 300
-
-
withholding
9 438
14 181
-
-
total
9 438
14 181
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 142
25 881
36 217
34 110
After tax
49 858
52 119
41 783
43 890
Living cost
13 808
13 808
13 808
13 808
Free-cash
36 050
38 311
27 975
30 082

Estimated living cost  is ₴13808 per week

₴9320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47561
₴47718
₴49117
₴49185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
26 660
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
27 861
Employee
1 453
-
77 217
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
26 623
-
total
500
-
27 145
-
Employer
1 453
-
77 217
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
76 220
78 000
-
-
income
16 768
17 160
-
-
total
16 768
17 160
-
-
Dividends
59 451
60 840
-
-
withholding
11 890
12 168
-
-
total
11 890
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 485
29 328
27 929
27 861
After tax
48 515
48 672
50 071
50 139
Living cost
954
954
954
954
Free-cash
47 561
47 718
49 117
49 185

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45220
₴47686
₴37922
₴37921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
556
income
-
-
-
17 406
pensions
-
-
-
9 632
health
-
-
-
3 816
total
-
-
-
31 410
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.

13 072
-
71 369
-
unemployment
98
-
278
-
health
673
-
1 908
-
pensions
1 830
-
5 186
-
income
1 802
-
17 406
-
total
4 403
-
24 778
-
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.

13 072
-
71 369
-
pensions
1 569
-
4 445
-
unemployment
98
-
278
-
health
673
-
1 908
-
total
2 340
-
6 631
-
Corporate
62 588
78 000
-
-
income
9 388
11 700
-
-
total
9 388
11 700
-
-
Dividends
53 200
66 300
-
-
withholding
7 980
9 945
-
-
total
7 980
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 111
21 645
31 409
31 410
After tax
53 889
56 355
46 591
46 590
Living cost
8 669
8 669
8 669
8 669
Free-cash
45 220
47 686
37 922
37 921

Estimated living cost  is ₴8669 per week

₴5837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
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.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30649
₴30830
₴22993
₴28608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 750
surtax
-
-
-
-
total
-
-
-
35 855
Employee
19 488
-
63 031
-
surtax
-
-
-
-
social contributions
2 144
-
6 933
-
income
3 808
-
19 568
-
total
5 952
-
26 501
-
Employer
19 488
-
63 031
-
social contributions
4 628
-
14 969
-
total
4 628
-
14 969
-
Corporate
53 884
78 000
-
-
income
11 315
16 380
-
-
surtax
-
-
-
-
total
11 315
16 380
-
-
Dividends
42 569
61 620
-
-
withholding
11 919
17 253
-
-
total
11 919
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 814
33 633
41 470
35 855
After tax
44 186
44 367
36 530
42 145
Living cost
13 537
13 537
13 537
13 537
Free-cash
30 649
30 830
22 993
28 608

Estimated living cost  is ₴13537 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
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.
₴2769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31016
₴34473
₴24137
₴26244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 148
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 110
Employee
24 250
-
63 163
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 140
-
2 188
-
income
5 065
-
18 424
-
total
6 604
-
21 380
-
Employer
24 250
-
63 163
-
other
194
-
373
-
accident
480
-
921
-
pensions
5 723
-
10 984
-
unemployment
1 334
-
2 559
-
total
7 731
-
14 837
-
Corporate
46 019
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.

6 902
11 700
-
-
total
6 902
11 700
-
-
Dividends
39 116
66 300
-
-
withholding
8 100
14 181
-
-
total
8 100
14 181
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 337
25 881
36 217
34 110
After tax
48 663
52 119
41 783
43 890
Living cost
17 646
17 646
17 646
17 646
Free-cash
31 016
34 473
24 137
26 244

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54992
₴58052
₴55925
₴52979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
11 700
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
16 383
Employee
11 438
-
74 559
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
807
-
pensions

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

1 004
-
1 540
-
income
1 144
-
7 456
-
total
2 800
-
9 996
-
Employer
11 438
-
74 559
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 260
-
1 933
-
unemployment
69
-
105
-
health
789
-
1 210
-
total
2 244
-
3 441
-
Corporate
64 318
78 000
-
-
income
6 432
7 800
-
-
total
6 432
7 800
-
-
Dividends
57 886
70 200
-
-
withholding
2 894
3 510
-
-
total
2 894
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 370
11 310
13 437
16 383
After tax
63 630
66 690
64 563
61 617
Living cost
8 638
8 638
8 638
8 638
Free-cash
54 992
58 052
55 925
52 979

Estimated living cost  is ₴8638 per week

₴5713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Sofia model

Close
Berlin , Germany
₴27345
₴20775
₴30970
₴23127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 843
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.

-
-
-
22 952
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.

-
-
-
3 430
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.

-
-
-
1 263
total
-
-
-
35 488
Employee

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

24 983
-
78 000
-
surtax

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

113
-
1 263
-
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.

3 430
-
3 430
-
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.

2 054
-
22 952
-
total
5 597
-
27 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 017
78 000
-
-
trade
7 608
11 193
-
-
income
7 953
11 700
-
-
surtax

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

437
643
-
-
chamber of commerce
154
191
-
-
total
16 152
23 727
-
-
Dividends
36 865
54 273
-
-
withholding
9 025
13 377
-
-
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.

496
736
-
-
total
9 521
14 113
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 270
37 840
27 645
35 488
After tax
46 730
40 160
50 355
42 512
Living cost
19 385
19 385
19 385
19 385
Free-cash
27 345
20 775
30 970
23 127

Estimated living cost  is ₴19385 per week

₴13372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2086
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.
₴3646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27105
₴25997
₴13725
₴13725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 771
income
-
-
-
22 901
total
-
-
-
35 672
Employee
39 276
-
78 000
-
social contributions
3 263
-
12 771
-
income
7 411
-
22 901
-
total
10 674
-
35 672
-
Employer
39 276
-
78 000
-
total
-
-
-
-
Corporate
38 724
78 000
-
-
income
4 841
9 750
-
-
total
4 841
9 750
-
-
Dividends
33 883
68 250
-
-
withholding
6 777
13 650
-
-
total
6 777
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 292
23 400
35 672
35 672
After tax
55 708
54 600
42 328
42 328
Living cost
28 603
28 603
28 603
28 603
Free-cash
27 105
25 997
13 725
13 725

Estimated living cost  is ₴28603 per week

₴21760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2331
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.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31575
₴29820
₴37869
₴42428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 052
income
-
-
-
14 293
total
-
-
-
17 345
Employee
23 034
-
75 690
-
social contributions
2 308
-
2 310
-
income
2 499
-
17 284
-
total
4 807
-
19 594
-
Employer
23 034
-
75 690
-
social contributions
2 308
-
2 310
-
total
2 308
-
2 310
-
Corporate
52 658
78 000
-
-
income
18 430
27 300
-
-
total
18 430
27 300
-
-
Dividends
34 228
50 700
-
-
social contributions
2 653
2 653
-
-
total
2 653
2 653
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 198
29 953
21 904
17 345
After tax
49 802
48 047
56 096
60 655
Living cost
18 227
18 227
18 227
18 227
Free-cash
31 575
29 820
37 869
42 428

Estimated living cost  is ₴18227 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36636
₴33724
₴27003
₴34110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 380
pensions
-
-
-
4 251
total
-
-
-
25 631
Employee
25 063
-
68 217
-
health
327
-
1 022
-
pensions
1 913
-
5 292
-
income
4 564
-
16 642
-
total
6 804
-
22 956
-
Employer
25 063
-
68 217
-
pensions
2 532
-
8 486
-
health
476
-
1 296
-
total
3 008
-
9 782
-
Corporate
49 928
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.

9 487
14 820
-
-
total
9 487
14 820
-
-
Dividends
40 442
63 180
-
-
withholding
3 806
11 197
-
-
total
3 806
11 197
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 105
26 017
32 738
25 631
After tax
54 895
51 983
45 262
52 369
Living cost
18 259
18 259
18 259
18 259
Free-cash
36 636
33 724
27 003
34 110

Estimated living cost  is ₴18259 per week

₴12526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4448
-₴5873
₴29751
₴41174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other
-
-
-
190
income
-
-
-
21 071
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 635
Employee
19 176
-
69 499
-
health
2 196
-
7 957
-
pensions
2 159
-
3 904
-
income
2 631
-
15 695
-
total
6 986
-
27 556
-
Employer
19 176
-
69 499
-
accident
320
-
1 161
-
pensions
3 118
-
5 638
-
unemployment
470
-
1 703
-
total
3 908
-
8 502
-
Corporate
54 916
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.

49 424
70 200
-
-
total
49 424
70 200
-
-
Dividends
5 492
7 800
-
-
withholding
1 043
1 482
-
-
total
1 043
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 361
71 682
36 058
24 635
After tax
16 639
6 318
41 942
53 365
Living cost
12 191
12 191
12 191
12 191
Free-cash
4 448
-5 873
29 751
41 174

Estimated living cost  is ₴12191 per week

₴8946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56506
₴58855
₴47475
₴37066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
936
income
-
-
-
12 702
pensions
-
-
-
14 352
health insurance
-
-
-
5 772
work injury
-
-
-
390
total
-
-
-
34 152
Employee

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

10 851
-
78 000
-
health insurance
803
-
2 971
-
unemployment
130
-
482
-
work injury
54
-
201
-
pensions
1 997
-
7 387
-
income
1 085
-
12 702
-
total
4 069
-
23 743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 149
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%.

671
780
-
-
total
671
780
-
-
Dividends
66 478
77 220
-
-
withholding
9 972
11 583
-
-
total
9 972
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 712
12 363
23 743
34 152
After tax
63 288
65 637
54 257
43 848
Living cost
6 782
6 782
6 782
6 782
Free-cash
56 506
58 855
47 475
37 066

Estimated living cost  is ₴6782 per week

₴4201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
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.
₴1876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18798
₴21082
₴13522
₴16963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 776
social contributions
-
-
-
20 061
municipal
-
-
-
521
national
-
-
-
18 676
total
-
-
-
41 034
Employee
42 311
-
78 000
-
national
7 150
-
16 139
-
regional
639
-
1 569
-
municipal
253
-
465
-
social contributions
14 267
-
26 302
-
total
22 309
-
44 475
-
Employer
42 311
-
78 000
-
total
-
-
-
-
Corporate
35 689
78 000
-
-
nationa
8 565
18 720
-
-
municipal
1 720
3 760
-
-
total
10 285
22 480
-
-
Dividends
25 404
55 520
-
-
withholding
6 605
14 435
-
-
total
6 605
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 199
36 915
44 475
41 034
After tax
38 801
41 085
33 525
36 966
Living cost
20 003
20 003
20 003
20 003
Free-cash
18 798
21 082
13 522
16 963

Estimated living cost  is ₴20003 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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