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
₴26327
₴31078
₴27207
₴36346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 139
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.

-
-
-
24 370
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.

-
-
-
2 934
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.

-
-
-
1 340
total
-
-
-
37 783
Employee

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

16 429
-
78 000
-
health

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

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

2 934
-
2 934
-
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.

25
-
1 340
-
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.

459
-
24 370
-
total
3 418
-
28 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 571
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.

508
643
-
-
income
9 235
11 700
-
-
trade
9 698
12 285
-
-
chamber of commerce
154
178
-
-
total
19 595
24 806
-
-
Dividends
41 976
53 195
-
-
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.

568
722
-
-
withholding
10 331
13 135
-
-
total
10 899
13 857
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 912
38 663
28 644
37 783
After tax
44 088
39 337
49 356
40 217
Living cost
13 010
13 010
13 010
13 010
Free-cash
31 078
26 327
36 346
27 207

Estimated living cost  is ₴13010 per week

₴8184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26999
₴26639
₴24078
₴24497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
8 564
pensions
-
-
-
9 360
national
-
-
-
13 486
social contributions
-
-
-
839
total
-
-
-
32 249
Employee
33 597
-
67 430
-
municipal
4 150
-
8 866
-
pensions
1 344
-
2 697
-
national
6 430
-
14 148
-
total
11 924
-
25 711
-
Employer
33 597
-
67 430
-
social contributions
361
-
725
-
pensions
2 688
-
5 394
-
total
3 049
-
6 119
-
Corporate
39 137
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%.

7 827
15 600
-
-
total
7 827
15 600
-
-
Dividends
31 309
62 400
-
-
withholding
6 888
13 728
-
-
total
6 888
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 688
29 328
31 830
32 249
After tax
48 312
48 672
46 170
45 751
Living cost
21 673
21 673
21 673
21 673
Free-cash
26 639
26 999
24 497
24 078

Estimated living cost  is ₴21673 per week

₴14731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53464
₴49941
₴18181
₴23997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
14 535
surtax
-
-
-
19 890
social contributions

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

-
-
-
16 458
total
-
-
-
50 883
Employee
12 551
-
59 160
-
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.

1 381
-
5 631
-
surtax
-
-
8 578
-
income
2 234
-
12 019
-
total
3 615
-
26 228
-
Employer
12 551
-
59 160
-
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.

3 023
-
12 332
-
surtax
-
-
6 507
-
total
3 023
-
18 839
-
Corporate
62 425
78 000
-
-
income

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

12 485
15 600
-
-
total
12 485
15 600
-
-
Dividends

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

49 940
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 123
15 600
45 067
50 883
After tax
58 877
62 400
32 933
27 117
Living cost
8 936
8 936
8 936
8 936
Free-cash
49 941
53 464
23 997
18 181

Estimated living cost  is ₴8936 per week

₴5701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20657
₴18026
₴24905
₴30992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 771
pensions
-
-
-
5 033
health
-
-
-
5 297
total
-
-
-
35 101
Employee
36 681
36 681
70 017
-
health
5 630
4 789
5 297
-
income

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

6 004
6 004
10 702
-
pensions
6 603
5 033
5 033
-
total
18 237
15 826
21 032
-
Employer
36 681
36 681
70 017
-
unemployment
1 321
1 321
1 641
-
pensions
2 553
2 553
3 173
-
health
2 550
2 550
3 168
-
total
6 424
6 424
7 982
-
Corporate
35 346
34 896
-
-
income
7 069
6 979
-
-
total
7 069
6 979
-
-
Dividends
28 277
27 916
-
-
income
6 009
5 933
-
-
withholding
4 241
4 187
-
-
total
10 250
10 120
-
-
Income
78 000
78 000
78 000
78 000
Total tax
41 980
39 349
29 014
35 101
After tax
36 020
38 651
48 986
42 899
Living cost
17 994
17 994
17 994
17 994
Free-cash
18 026
20 657
30 992
24 905

Estimated living cost  is ₴17994 per week

₴12752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26054
₴25683
₴23210
₴22808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
20 129
accident
-
-
-
72
pensions
-
-
-
3 917
other
-
-
-
4 211
unemployment
-
-
-
36
health
-
-
-
2 261
national
-
-
-
7 630
total
-
-
-
38 256
Employee
23 560
-
66 614
-
municipal
7 025
-
19 864
-
national
-
-
7 408
-
total
7 025
-
27 272
-
Employer
23 560
-
66 614
-
accident
47
-
72
-
other
2 738
-
4 211
-
unemployment
622
-
957
-
pensions
2 547
-
3 917
-
health
1 449
-
2 229
-
total
7 403
-
11 386
-
Corporate
47 038
78 000
-
-
income
10 348
17 160
-
-
total
10 348
17 160
-
-
Dividends
36 690
60 840
-
-
withholding
11 007
18 252
-
-
total
11 007
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 783
35 412
38 658
38 256
After tax
42 217
42 588
39 342
39 744
Living cost
16 534
16 534
16 534
16 534
Free-cash
25 683
26 054
22 808
23 210

Estimated living cost  is ₴16534 per week

₴10958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3702
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22062
₴28095
₴22936
₴32482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 546
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.

-
-
-
24 370
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.

-
-
-
2 934
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.

-
-
-
1 340
total
-
-
-
38 190
Employee

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

21 783
-
78 000
-
health

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

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

2 934
-
2 934
-
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.

103
-
1 340
-
income

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

1 872
-
24 370
-
total
4 909
-
28 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 217
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.

464
643
-
-
income
8 433
11 700
-
-
trade
9 248
12 831
-
-
chamber of commerce
145
176
-
-
total
18 290
25 350
-
-
Dividends
37 928
52 650
-
-
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.

513
715
-
-
withholding
9 319
12 999
-
-
total
9 832
13 714
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 031
39 064
28 644
38 190
After tax
44 969
38 936
49 356
39 810
Living cost
16 874
16 874
16 874
16 874
Free-cash
28 095
22 062
32 482
22 936

Estimated living cost  is ₴16874 per week

₴11286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42962
₴41181
₴39264
₴38585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 865
health
-
-
-
1 989
social contributions
-
-
-
6 950
total
-
-
-
24 804
Employee
33 030
33 030
72 953
-
social contributions
1 605
2 741
3 697
-
health
328
562
1 240
-
income
3 468
3 058
15 499
-
total
5 401
6 361
20 436
-
Employer
33 030
33 030
72 953
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 350
-
total
1 963
3 352
5 047
-
Corporate
56 703
41 618
-
-
income
7 088
5 202
-
-
total
7 088
5 202
-
-
Dividends
49 615
36 415
-
-
withholding
8 435
6 191
-
-
total
8 435
6 191
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 887
21 106
25 483
24 804
After tax
55 113
56 894
52 517
53 196
Living cost
13 932
13 932
13 932
13 932
Free-cash
41 181
42 962
38 585
39 264

Estimated living cost  is ₴13932 per week

₴9524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35996
₴36159
₴46219
₴37402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
9 535
pensions
-
-
-
7 800
unemployment
-
-
-
1 170
health
-
-
-
5 460
total
-
-
-
23 965
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.

11 282
4 490
65 272
-
health
790
314
4 569
-
income
1 379
549
7 979
-
pensions
1 128
449
6 527
-
unemployment
169
67
979
-
total
3 466
1 379
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.

11 282
4 490
65 272
-
pensions
2 200
876
12 728
-
total
2 200
876
12 728
-
Corporate
64 518
72 634
-
-
income
5 807
6 537
-
-
total
5 807
6 537
-
-
Dividends
58 711
66 097
-
-
social contributions
11 397
12 838
-
-
withholding
11 155
12 558
-
-
total
22 552
25 396
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 025
34 188
32 782
23 965
After tax
43 975
43 812
45 218
54 035
Living cost
7 816
7 816
7 816
7 816
Free-cash
36 159
35 996
37 402
46 219

Estimated living cost  is ₴7816 per week

₴5333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52025
₴49355
₴31433
₴34582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 600
health
-
-
-
10 140
total
-
-
-
36 192
Employee
12 185
-
58 296
-
income
1 372
-
11 240
-
pensions
244
-
1 166
-
unemployment
195
-
933
-
total
1 811
-
13 339
-
Employer
12 185
-
58 296
-
unemployment
98
-
466
-
pensions
2 437
-
11 660
-
health
1 584
-
7 578
-
total
4 119
-
19 704
-
Corporate
61 696
78 000
-
-
income
12 340
15 600
-
-
total
12 340
15 600
-
-
Dividends
49 356
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 270
15 600
33 043
36 192
After tax
59 730
62 400
44 957
41 808
Living cost
10 375
10 375
10 375
10 375
Free-cash
49 355
52 025
34 582
31 433

Estimated living cost  is ₴10375 per week

₴7116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3098
₴4874
₴43895
₴33045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
108
income
-
-
-
21 708
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
24 689
Employee
14 811
-
70 385
-
health
1 696
-
8 059
-
income
2 032
-
16 601
-
pensions
1 668
-
3 265
-
total
5 396
-
27 925
-
Employer
14 811
-
70 385
-
accident
247
-
1 175
-
unemployment
363
-
1 724
-
pensions
2 408
-
4 715
-
total
3 018
-
7 614
-
Corporate
60 170
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.

54 153
70 200
-
-
total
54 153
70 200
-
-
Dividends
6 017
7 800
-
-
withholding
1 143
1 482
-
-
total
1 143
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
63 710
71 682
35 539
24 689
After tax
14 290
6 318
42 461
53 311
Living cost
9 416
9 416
9 416
9 416
Free-cash
4 874
-3 098
33 045
43 895

Estimated living cost  is ₴9416 per week

₴6901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70236
₴69511
₴73356
₴58536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 829
-
78 000
-
income
966
-
15 600
-
total
966
-
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%.

73 171
78 000
-
-
total
-
-
-
-
Dividends
73 171
78 000
-
-
withholding
3 659
3 900
-
-
total
3 659
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 625
3 900
15 600
780
After tax
73 375
74 100
62 400
77 220
Living cost
3 864
3 864
3 864
3 864
Free-cash
69 511
70 236
58 536
73 356

Estimated living cost  is ₴3864 per week

₴2394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45860
₴42960
₴32632
₴32705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 269
pensions

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

-
-
-
15 677
other
-
-
-
3 102
health
-
-
-
2 874
total
-
-
-
33 922
Employee
15 596
-
62 301
-
health
218
-
872
-
income
2 685
-
12 294
-
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.

1 091
-
4 361
-
unemployment
156
-
623
-
total
4 150
-
18 150
-
Employer
15 596
-
62 301
-
accident
125
-
498
-
other
780
-
3 115
-
unemployment
156
-
623
-
pensions

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

2 652
-
10 591
-
health
218
-
872
-
total
3 931
-
15 699
-
Corporate
58 473
78 000
-
-
income
12 279
16 380
-
-
total
12 279
16 380
-
-
Dividends
46 194
61 620
-
-
withholding
3 234
4 314
-
-
total
3 234
4 314
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 594
20 694
33 849
33 922
After tax
54 406
57 306
44 151
44 078
Living cost
11 446
11 446
11 446
11 446
Free-cash
42 960
45 860
32 705
32 632

Estimated living cost  is ₴11446 per week

₴8087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21949
₴23596
₴22676
₴15625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 490
pensions
-
-
-
3 926
total
-
-
-
26 416
Employee
40 901
-
68 120
-
health
674
-
981
-
income
7 373
-
17 790
-
pensions
3 946
-
4 815
-
total
11 993
-
23 586
-
Employer
40 901
-
68 120
-
pensions
4 829
-
8 586
-
health
777
-
1 295
-
total
5 606
-
9 881
-
Corporate
31 493
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.

5 984
14 820
-
-
total
5 984
14 820
-
-
Dividends
25 509
63 180
-
-
withholding
1 913
12 323
-
-
total
1 913
12 323
-
-
Income
78 000
78 000
78 000
78 000
Total tax
25 496
27 143
33 467
26 416
After tax
52 504
50 857
44 533
51 584
Living cost
28 908
28 908
28 908
28 908
Free-cash
23 596
21 949
15 625
22 676

Estimated living cost  is ₴28908 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3397
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61053
₴59057
₴56653
₴59736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
15 710
Employee
7 465
-
75 053
-
health
343
-
691
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
7 506
-
pensions

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

655
-
1 319
-
total
1 826
-
9 681
-
Employer
7 465
-
75 053
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

823
-
1 655
-
health
515
-
1 036
-
total
1 465
-
2 946
-
Corporate
69 071
78 000
-
-
income
6 907
7 800
-
-
total
6 907
7 800
-
-
Dividends
62 164
70 200
-
-
withholding
3 108
3 510
-
-
total
3 108
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 306
11 310
12 627
15 710
After tax
64 694
66 690
65 373
62 290
Living cost
5 637
5 637
5 637
5 637
Free-cash
59 057
61 053
59 736
56 653

Estimated living cost  is ₴5637 per week

₴3291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14832
₴15913
₴19080
₴25167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 771
pensions
-
-
-
5 033
health
-
-
-
5 297
total
-
-
-
35 101
Employee
39 824
36 681
70 017
-
health
4 968
4 789
5 297
-
income

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

6 004
6 004
10 702
-
pensions
5 033
5 033
5 033
-
total
16 005
15 826
21 032
-
Employer
39 824
36 681
70 017
-
unemployment
1 434
1 321
1 641
-
pensions
2 771
2 553
3 173
-
health
2 767
2 550
3 168
-
total
6 972
6 424
7 982
-
Corporate
31 203
34 896
-
-
income
6 241
6 979
-
-
total
6 241
6 979
-
-
Dividends
24 963
27 916
-
-
income
5 305
5 933
-
-
withholding
3 745
4 187
-
-
total
9 050
10 120
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 268
39 349
29 014
35 101
After tax
39 732
38 651
48 986
42 899
Living cost
23 819
23 819
23 819
23 819
Free-cash
15 913
14 832
25 167
19 080

Estimated living cost  is ₴23819 per week

₴17570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43380
₴39698
₴34278
₴30902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 892
health
-
-
-
10 530
solidarity contribution
-
-
-
122
social contributions
-
-
-
14 855
total
-
-
-
33 399
Employee
15 181
-
59 892
-
social contributions
987
-
3 307
-
health
2 049
-
8 085
-
solidarity contribution
-
-
-
-
income
1 822
-
7 275
-
total
4 858
-
18 667
-
Employer
15 181
-
59 892
-
social contributions
3 795
-
12 718
-
health
1 366
-
5 390
-
total
5 161
-
18 108
-
Corporate
57 657
78 000
-
-
income
10 955
14 820
-
-
total
10 955
14 820
-
-
Dividends
46 702
63 180
-
-
withholding
7 005
9 477
-
-
total
7 005
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 979
24 297
36 775
33 399
After tax
50 021
53 703
41 225
44 601
Living cost
10 323
10 323
10 323
10 323
Free-cash
39 698
43 380
30 902
34 278

Estimated living cost  is ₴10323 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23491
₴21248
₴19017
₴15494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
464
regional
-
-
-
923
national
-
-
-
19 410
social contributions
-
-
-
20 061
total
-
-
-
40 858
Employee
38 175
-
78 000
-
social contributions
12 873
-
26 302
-
regional
360
-
815
-
municipal
202
-
413
-
national
6 615
-
16 851
-
total
20 050
-
44 381
-
Employer
38 175
-
78 000
-
total
-
-
-
-
Corporate
39 825
78 000
-
-
nationa
9 558
18 720
-
-
municipal
1 553
3 042
-
-
total
11 111
21 762
-
-
Dividends
28 714
56 238
-
-
withholding
7 466
14 622
-
-
total
7 466
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 627
36 384
44 381
40 858
After tax
39 373
41 616
33 619
37 142
Living cost
18 125
18 125
18 125
18 125
Free-cash
21 248
23 491
15 494
19 017

Estimated living cost  is ₴18125 per week

₴12635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39583
₴38246
₴27400
₴24774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 033
pensions
-
-
-
11 466
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 070
surtax
-
-
-
3 454
total
-
-
-
41 121
Employee
14 205
-
65 933
-
other
-
-
-
-
health
363
-
1 462
-
surtax
46
-
2 940
-
income
2 381
-
19 464
-
pensions
947
-
3 824
-
unemployment
989
-
3 990
-
total
4 726
-
31 680
-
Employer
14 205
-
65 933
-
other
-
-
-
-
unemployment
450
-
1 817
-
pensions
1 894
-
7 642
-
health
646
-
2 608
-
total
2 990
-
12 067
-
Corporate
60 805
78 000
-
-
income
15 810
20 280
-
-
total
15 810
20 280
-
-
Dividends
44 996
57 720
-
-
withholding
6 749
8 658
-
-
total
6 749
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 275
28 938
43 747
41 121
After tax
47 725
49 062
34 253
36 879
Living cost
9 479
9 479
9 479
9 479
Free-cash
38 246
39 583
24 774
27 400

Estimated living cost  is ₴9479 per week

₴5796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31108
₴33963
₴31835
₴24784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 490
pensions
-
-
-
3 926
total
-
-
-
26 416
Employee
27 411
-
68 120
-
health
398
-
981
-
income
4 937
-
17 790
-
pensions
2 327
-
4 815
-
total
7 662
-
23 586
-
Employer
27 411
-
68 120
-
pensions
2 967
-
8 586
-
health
521
-
1 295
-
total
3 488
-
9 881
-
Corporate
47 102
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.

8 949
14 820
-
-
total
8 949
14 820
-
-
Dividends
38 152
63 180
-
-
withholding
4 189
12 323
-
-
total
4 189
12 323
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 288
27 143
33 467
26 416
After tax
53 712
50 857
44 533
51 584
Living cost
19 749
19 749
19 749
19 749
Free-cash
33 963
31 108
24 784
31 835

Estimated living cost  is ₴19749 per week

₴14796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3220
₴17102
₴30399
₴26877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
city
-
-
-
823
pensions
-
-
-
7 175
other

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

-
-
-
1 560
regional
-
-
-
3 964
health
-
-
-
176
national
-
-
-
1 455
total
-
-
-
15 153
Employee
37 972
-
69 814
-
city
408
-
750
-
regional
1 243
-
3 419
-
health
86
-
157
-
pensions
3 190
-
5 864
-
unemployment
-
-
-
-
national
180
-
1 068
-
total
5 107
-
11 258
-
Employer
37 972
-
69 814
-
other

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

759
-
1 396
-
unemployment
-
-
-
-
pensions
3 190
-
5 864
-
health
86
-
157
-
total
4 035
-
7 417
-
Corporate
35 575
78 000
-
-
regional
7 524
16 497
-
-
national
3 024
6 630
-
-
total
10 548
23 127
-
-
Dividends
25 027
54 873
-
-
withholding
8 760
19 205
-
-
total
8 760
19 205
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 450
42 332
18 675
15 153
After tax
49 550
35 668
59 325
62 847
Living cost
32 448
32 448
32 448
32 448
Free-cash
17 102
3 220
26 877
30 399

Estimated living cost  is ₴32448 per week

₴21100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18856
₴25822
₴19726
₴29679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 952
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.

-
-
-
24 370
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.

-
-
-
2 934
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.

-
-
-
1 340
total
-
-
-
38 596
Employee

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

25 815
-
78 000
-
health

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

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

2 934
-
2 934
-
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.

167
-
1 340
-
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.

3 036
-
24 370
-
total
6 137
-
28 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 185
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.

430
643
-
-
income
7 828
11 700
-
-
trade
8 950
13 377
-
-
chamber of commerce
139
175
-
-
total
17 347
25 895
-
-
Dividends
34 838
52 105
-
-
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.

470
708
-
-
withholding
8 547
12 863
-
-
total
9 017
13 571
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 501
39 466
28 644
38 596
After tax
45 499
38 534
49 356
39 404
Living cost
19 678
19 678
19 678
19 678
Free-cash
25 822
18 856
29 679
19 726

Estimated living cost  is ₴19678 per week

₴14372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24616
₴27154
₴29222
₴27899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 386
pensions
-
-
-
13 685
other
-
-
-
2 418
health
-
-
-
3 371
surtax
-
-
-
-
social contributions
-
-
-
2 222
total
-
-
-
34 082
Employee
18 384
-
60 309
-
social contributions
524
-
1 718
-
surtax
-
-
-
-
income
1 085
-
11 781
-
pensions
2 079
-
4 217
-
total
3 688
-
17 716
-
Employer
18 384
-
60 309
-
other
634
-
2 363
-
social contributions
55
-
181
-
unemployment
744
-
2 442
-
pensions
3 020
-
7 095
-
health
1 287
-
5 608
-
total
5 740
-
17 689
-
Corporate
53 875
78 000
-
-
surtax
-
-
-
-
income
15 085
21 840
-
-
total
15 085
21 840
-
-
Dividends
38 790
56 160
-
-
surtax
-
-
-
-
social contributions
6 672
9 659
-
-
withholding
4 965
7 189
-
-
total
11 637
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
36 150
38 688
35 405
34 082
After tax
41 850
39 312
42 595
43 918
Living cost
14 696
14 696
14 696
14 696
Free-cash
27 154
24 616
27 899
29 222

Estimated living cost  is ₴14696 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26072
₴28459
₴30678
₴29355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 386
pensions
-
-
-
13 685
other
-
-
-
2 418
health
-
-
-
3 371
surtax
-
-
-
-
social contributions
-
-
-
2 222
total
-
-
-
34 082
Employee
16 410
-
60 309
-
social contributions
468
-
1 718
-
surtax
-
-
-
-
income
846
-
11 781
-
pensions
1 856
-
4 217
-
total
3 170
-
17 716
-
Employer
16 410
-
60 309
-
other
567
-
2 363
-
social contributions
49
-
181
-
unemployment
664
-
2 442
-
pensions
2 696
-
7 095
-
health
1 149
-
5 608
-
total
5 125
-
17 689
-
Corporate
56 465
78 000
-
-
surtax
-
-
-
-
income
15 810
21 840
-
-
total
15 810
21 840
-
-
Dividends
40 655
56 160
-
-
surtax
-
-
-
-
social contributions
6 992
9 659
-
-
withholding
5 204
7 189
-
-
total
12 196
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
36 301
38 688
35 405
34 082
After tax
41 699
39 312
42 595
43 918
Living cost
13 240
13 240
13 240
13 240
Free-cash
28 459
26 072
29 355
30 678

Estimated living cost  is ₴13240 per week

₴7679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38479
₴38702
₴40984
₴39307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
health
-
-
-
5 444
social contributions
-
-
-
10 764
total
-
-
-
27 908
Employee
14 564
-
78 000
-
social contributions
2 010
-
10 764
-
health
1 016
-
5 444
-
income
2 429
-
13 377
-
total
5 455
-
29 585
-
Employer
14 564
-
78 000
-
total
-
-
-
-
Corporate
63 436
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%.

3 172
3 900
-
-
total
3 172
3 900
-
-
Dividends
60 264
74 100
-
-
health
4 206
5 172
-
-
social contributions
8 317
10 226
-
-
withholding
9 040
11 115
-
-
total
21 563
26 513
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 190
30 413
29 585
27 908
After tax
47 810
47 587
48 415
50 092
Living cost
9 108
9 108
9 108
9 108
Free-cash
38 702
38 479
39 307
40 984

Estimated living cost  is ₴9108 per week

₴6096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27997
₴27334
₴24904
₴5508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 807
pensions
-
-
-
9 284
unemployment
-
-
-
2 635
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
37 961
Employee
21 467
17 118
62 569
-
other
214
171
502
-
health
831
663
1 942
-
income
2 444
1 263
17 601
-
pensions
2 198
1 753
5 139
-
unemployment
644
514
1 506
-
total
6 331
4 364
26 690
-
Employer
21 467
17 118
62 569
-
accident
279
223
652
-
other
1 020
813
2 867
-
chamber of commerce
86
68
250
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 694
2 149
6 298
-
payroll
644
514
1 877
-
health
811
647
1 897
-
total
6 263
5 013
15 432
-
Corporate
50 272
55 871
60 938
-
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.

12 568
13 967
15 235
-
total
12 568
13 967
15 235
-
Dividends
37 704
41 903
-
-
withholding
10 369
11 524
-
-
total
10 369
11 524
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 531
34 868
57 357
37 961
After tax
42 469
43 132
20 643
40 039
Living cost
15 135
15 135
15 135
15 135
Free-cash
27 334
27 997
5 508
24 904

Estimated living cost  is ₴15135 per week

₴10095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27956
₴21515
₴18170
₴11670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
national
-
-
-
29 422
communal

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

-
-
-
4 037
social contributions
-
-
-
10 709
total
-
-
-
44 168
Employee

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

30 725
-
60 414
-
communal

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

1 603
-
3 151
-
health

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

1 444
-
2 839
-
pensions

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

2 304
-
4 531
-
unemployment

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

267
-
526
-
national
9 446
-
22 036
-
total
15 064
-
33 083
-
Employer

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

30 725
-
60 414
-
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.

399
-
785
-
unemployment

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

448
-
882
-
surtax
3 484
-
6 850
-
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.

2 723
-
5 353
-
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.

1 889
-
3 715
-
total
8 943
-
17 585
-
Corporate
38 331
78 000
-
-
surtax
153
312
-
-
income
7 666
15 600
-
-
total
7 819
15 912
-
-
Dividends
30 511
62 088
-
-
withholding

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

8 997
18 470
-
-
total
8 997
18 470
-
-
Income
78 000
78 000
78 000
78 000
Total tax
40 823
34 382
50 668
44 168
After tax
37 177
43 618
27 332
33 832
Living cost
15 662
15 662
15 662
15 662
Free-cash
21 515
27 956
11 670
18 170

Estimated living cost  is ₴15662 per week

₴10088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36451
₴33508
₴28234
₴26432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
359
income
-
-
-
22 308
pensions
-
-
-
11 267
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 253
Employee
21 382
-
65 308
-
other
21
-
40
-
income
4 511
-
20 834
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 869
-
23 363
-
Employer
21 382
-
65 308
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 046
-
9 396
-
total
6 815
-
12 692
-
Corporate
49 803
78 000
-
-
income

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

7 471
11 700
-
-
total
7 471
11 700
-
-
Dividends
42 332
66 300
-
-
withholding
8 824
14 336
-
-
total
8 824
14 336
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 979
26 036
36 055
34 253
After tax
49 021
51 964
41 945
43 747
Living cost
15 513
15 513
15 513
15 513
Free-cash
33 508
36 451
26 432
28 234

Estimated living cost  is ₴15513 per week

₴11423
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22121
₴16554
₴14959
₴18068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
658
income
-
-
-
13 072
pensions
-
-
-
11 691
health
-
-
-
5 480
surtax
-
-
-
3 867
communal
-
-
-
4 930
total
-
-
-
39 698
Employee
32 529
-
69 674
-
health
1 448
-
3 101
-
surtax
1 994
-
4 270
-
income
3 142
-
15 318
-
pensions
2 602
-
5 574
-
total
9 186
-
28 263
-
Employer
32 529
-
69 674
-
accident
293
-
627
-
pensions
2 602
-
5 574
-
health
992
-
2 125
-
total
3 887
-
8 326
-
Corporate
41 585
78 000
-
-
surtax
437
819
-
-
communal
2 807
5 265
-
-
income
6 237
11 700
-
-
total
9 481
17 784
-
-
Dividends
32 103
60 216
-
-
income
10 733
5 719
-
-
withholding
4 816
9 033
-
-
total
15 549
14 752
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 103
32 536
36 589
39 698
After tax
39 897
45 464
41 411
38 302
Living cost
23 343
23 343
23 343
23 343
Free-cash
16 554
22 121
18 068
14 959

Estimated living cost  is ₴23343 per week

₴17511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39414
₴38048
₴27231
₴24605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 033
pensions
-
-
-
11 466
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 070
surtax
-
-
-
3 454
total
-
-
-
41 121
Employee
14 465
-
65 933
-
other
-
-
-
-
health
369
-
1 462
-
surtax
51
-
2 940
-
income
2 425
-
19 464
-
pensions
965
-
3 824
-
unemployment
1 007
-
3 990
-
total
4 817
-
31 680
-
Employer
14 465
-
65 933
-
other
-
-
-
-
unemployment
459
-
1 817
-
pensions
1 929
-
7 642
-
health
658
-
2 608
-
total
3 046
-
12 067
-
Corporate
60 489
78 000
-
-
income
15 727
20 280
-
-
total
15 727
20 280
-
-
Dividends
44 762
57 720
-
-
withholding
6 714
8 658
-
-
total
6 714
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 304
28 938
43 747
41 121
After tax
47 696
49 062
34 253
36 879
Living cost
9 648
9 648
9 648
9 648
Free-cash
38 048
39 414
24 605
27 231

Estimated living cost  is ₴9648 per week

₴5825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29427
₴28475
₴25318
₴21814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
464
regional
-
-
-
1 176
national
-
-
-
19 410
social contributions
-
-
-
20 061
total
-
-
-
41 111
Employee
23 827
-
78 000
-
social contributions
8 035
-
26 302
-
regional
321
-
1 049
-
municipal
126
-
413
-
national
3 775
-
16 851
-
total
12 257
-
44 615
-
Employer
23 827
-
78 000
-
total
-
-
-
-
Corporate
54 173
78 000
-
-
nationa
13 001
18 720
-
-
municipal
2 692
3 877
-
-
total
15 693
22 597
-
-
Dividends
38 479
55 404
-
-
withholding
10 004
14 405
-
-
total
10 004
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 954
37 002
44 615
41 111
After tax
40 046
40 998
33 385
36 889
Living cost
11 571
11 571
11 571
11 571
Free-cash
28 475
29 427
21 814
25 318

Estimated living cost  is ₴11571 per week

₴7196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40982
₴36444
₴31880
₴28504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
7 892
health
-
-
-
10 530
solidarity contribution
-
-
-
122
social contributions
-
-
-
14 855
total
-
-
-
33 399
Employee
18 707
-
59 892
-
social contributions
1 216
-
3 307
-
health
2 525
-
8 085
-
solidarity contribution
-
-
-
-
income
2 245
-
7 275
-
total
5 986
-
18 667
-
Employer
18 707
-
59 892
-
social contributions
4 677
-
12 718
-
health
1 684
-
5 390
-
total
6 361
-
18 108
-
Corporate
52 933
78 000
-
-
income
10 057
14 820
-
-
total
10 057
14 820
-
-
Dividends
42 875
63 180
-
-
withholding
6 431
9 477
-
-
total
6 431
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 835
24 297
36 775
33 399
After tax
49 165
53 703
41 225
44 601
Living cost
12 721
12 721
12 721
12 721
Free-cash
36 444
40 982
28 504
31 880

Estimated living cost  is ₴12721 per week

₴9460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29474
₴29264
₴26420
₴6961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 807
pensions
-
-
-
9 284
unemployment
-
-
-
2 635
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
37 876
Employee
18 776
17 118
62 649
-
other
187
171
502
-
health
726
663
1 942
-
income
1 673
1 263
17 640
-
pensions
1 923
1 753
5 139
-
unemployment
563
514
1 506
-
total
5 072
4 364
26 729
-
Employer
18 776
17 118
62 649
-
accident
244
223
652
-
other
892
813
2 869
-
chamber of commerce
75
68
250
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 298
-
payroll
563
514
1 880
-
health
710
647
1 897
-
total
5 404
4 928
15 352
-
Corporate
53 820
55 955
61 018
-
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.

13 455
13 989
15 254
-
total
13 455
13 989
15 254
-
Dividends
40 365
41 967
-
-
withholding
11 101
11 541
-
-
total
11 101
11 541
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 032
34 822
57 335
37 876
After tax
42 968
43 178
20 665
40 124
Living cost
13 704
13 704
13 704
13 704
Free-cash
29 264
29 474
6 961
26 420

Estimated living cost  is ₴13704 per week

₴8221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68079
₴66950
₴71199
₴56379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 526
-
78 000
-
income
1 505
-
15 600
-
total
1 505
-
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%.

70 474
78 000
-
-
total
-
-
-
-
Dividends
70 474
78 000
-
-
withholding
3 524
3 900
-
-
total
3 524
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 029
3 900
15 600
780
After tax
72 971
74 100
62 400
77 220
Living cost
6 021
6 021
6 021
6 021
Free-cash
66 950
68 079
56 379
71 199

Estimated living cost  is ₴6021 per week

₴4074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42182
₴38589
₴26457
₴24390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
78 000
income
-
-
-
17 986
pensions
-
-
-
14 244
unemployment
-
-
-
117
health
-
-
-
7 675
total
-
-
-
40 022
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.

18 994
-
67 490
-
health
1 227
-
4 360
-
income
3 276
-
16 664
-
pensions
2 944
-
10 461
-
unemployment
27
-
95
-
total
7 474
-
31 580
-
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.

18 994
-
67 490
-
unemployment
11
-
41
-
pensions
1 681
-
5 973
-
health
1 265
-
4 495
-
total
2 957
-
10 509
-
Corporate
56 048
78 000
-
-
income
10 649
14 820
-
-
total
10 649
14 820
-
-
Dividends
45 399
63 180
-
-
withholding
6 810
9 477
-
-
total
6 810
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 890
24 297
42 089
40 022
After tax
50 110
53 703
35 911
37 978
Living cost
11 521
11 521
11 521
11 521
Free-cash
38 589
42 182
24 390
26 457

Estimated living cost  is ₴11521 per week

₴7907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28971
₴8595
₴35420
₴53880
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 204
social contributions
-
-
-
8 892
total
-
-
-
24 096
Employee
26 503
-
-
-
social contributions
2 173
-
310
-
income
5 846
-
-
-
total
8 019
-
310
-
Employer
26 503
-
-
-
social contributions
37 370
-
5 326
-
total
37 370
-
5 326
-
Corporate
14 127
78 000
-
-
income
3 108
17 160
-
-
total
3 108
17 160
-
-
Dividends
11 019
60 840
-
-
income
2 424
13 385
-
-
total
2 424
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
50 921
30 545
5 636
24 096
After tax
27 079
47 455
72 364
53 904
Living cost
18 484
18 484
18 484
18 484
Free-cash
8 595
28 971
53 880
35 420

Estimated living cost  is ₴18484 per week

₴11993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30894
₴30461
₴28149
₴22235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
9 273
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
36 378
Employee
19 756
-
63 030
-
social contributions
2 173
-
6 934
-
surtax
-
-
-
-
income
4 109
-
20 388
-
total
6 282
-
27 322
-
Employer
19 756
-
63 030
-
social contributions
4 692
-
14 970
-
total
4 692
-
14 970
-
Corporate
53 552
78 000
-
-
surtax
-
-
-
-
income
11 246
16 380
-
-
total
11 246
16 380
-
-
Dividends
42 306
61 620
-
-
withholding
11 846
17 253
-
-
total
11 846
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 066
33 633
42 292
36 378
After tax
43 934
44 367
35 708
41 622
Living cost
13 473
13 473
13 473
13 473
Free-cash
30 461
30 894
22 235
28 149

Estimated living cost  is ₴13473 per week

₴10081
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18566
₴21519
₴23172
₴21849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 386
pensions
-
-
-
13 685
other
-
-
-
2 418
health
-
-
-
3 371
surtax
-
-
-
-
social contributions
-
-
-
2 222
total
-
-
-
34 082
Employee
26 903
-
60 309
-
social contributions
766
-
1 718
-
surtax
-
-
-
-
income
2 347
-
11 781
-
pensions
3 043
-
4 217
-
total
6 156
-
17 716
-
Employer
26 903
-
60 309
-
other
928
-
2 363
-
social contributions
81
-
181
-
unemployment
1 090
-
2 442
-
pensions
4 420
-
7 095
-
health
1 883
-
5 608
-
total
8 402
-
17 689
-
Corporate
42 695
78 000
-
-
surtax
-
-
-
-
income
11 955
21 840
-
-
total
11 955
21 840
-
-
Dividends
30 740
56 160
-
-
surtax
-
-
-
-
social contributions
5 287
9 659
-
-
withholding
3 935
7 189
-
-
total
9 222
16 848
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 735
38 688
35 405
34 082
After tax
42 265
39 312
42 595
43 918
Living cost
20 746
20 746
20 746
20 746
Free-cash
21 519
18 566
21 849
23 172

Estimated living cost  is ₴20746 per week

₴14041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57288
₴55845
₴44452
₴46525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 476
social contributions
-
-
-
17 160
total
-
-
-
20 636
Employee
13 809
-
67 533
-
income
-
-
3 706
-
social contributions
897
-
4 390
-
total
897
-
8 096
-
Employer
13 809
-
67 533
-
social contributions
2 141
-
10 467
-
total
2 141
-
10 467
-
Corporate
62 050
78 000
-
-
income
6 205
7 800
-
-
total
6 205
7 800
-
-
Dividends
55 845
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 243
7 800
18 563
20 636
After tax
68 757
70 200
59 437
57 364
Living cost
12 912
12 912
12 912
12 912
Free-cash
55 845
57 288
46 525
44 452

Estimated living cost  is ₴12912 per week

₴8349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15638
-₴15638
₴25172
-₴15638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
16 316
pensions
-
-
-
373
national
-
-
-
9 231
labour market
-
-
-
6 210
total
-
-
-
32 130
Employee
87 362
87 362
87 362
-
labour market
6 979
6 979
6 979
-
national
10 673
10 673
10 673
-
municipal
18 603
18 603
18 603
-
pensions
124
124
124
-
total
36 379
36 379
36 379
-
Employer
87 362
87 362
87 362
-
labour market
6 989
6 989
6 989
-
municipal
18 633
18 633
18 633
-
pensions
248
248
248
-
national
10 691
10 691
10 691
-
total
36 561
36 561
36 561
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
72 940
72 940
72 940
32 130
After tax
5 060
5 060
5 060
45 870
Living cost
20 698
20 698
20 698
20 698
Free-cash
-15 638
-15 638
-15 638
25 172

Estimated living cost  is ₴20698 per week

₴14166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4383
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2959
₴4894
₴44034
₴33184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
108
income
-
-
-
21 708
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
24 689
Employee
14 593
-
70 385
-
health
1 671
-
8 059
-
income
2 002
-
16 601
-
pensions
1 643
-
3 265
-
total
5 316
-
27 925
-
Employer
14 593
-
70 385
-
accident
244
-
1 175
-
unemployment
358
-
1 724
-
pensions
2 373
-
4 715
-
total
2 975
-
7 614
-
Corporate
60 433
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.

54 390
70 200
-
-
total
54 390
70 200
-
-
Dividends
6 043
7 800
-
-
withholding
1 148
1 482
-
-
total
1 148
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
63 829
71 682
35 539
24 689
After tax
14 171
6 318
42 461
53 311
Living cost
9 277
9 277
9 277
9 277
Free-cash
4 894
-2 959
33 184
44 034

Estimated living cost  is ₴9277 per week

₴6752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴529
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.
₴1821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32240
₴33374
₴33479
₴24281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 856
health
-
-
-
1 022
national
-
-
-
13 152
total
-
-
-
28 030
Employee
22 599
-
65 618
-
health
169
-
831
-
municipal
3 702
-
10 687
-
pensions
1 525
-
4 429
-
unemployment
339
-
984
-
national
373
-
7 916
-
total
6 108
-
24 847
-
Employer
22 599
-
65 618
-
accident
23
-
65
-
unemployment
147
-
426
-
pensions
3 921
-
11 385
-
health
174
-
505
-
total
4 265
-
12 381
-
Corporate
51 137
78 000
-
-
income
10 228
15 600
-
-
total
10 228
15 600
-
-
Dividends

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

30 682
46 800
-
-
national
2 011
5 245
-
-
municipal
5 523
8 424
-
-
total
7 534
13 669
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 135
29 269
37 228
28 030
After tax
49 865
48 731
40 772
49 970
Living cost
16 491
16 491
16 491
16 491
Free-cash
33 374
32 240
24 281
33 479

Estimated living cost  is ₴16491 per week

₴10772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46949
₴44611
₴43251
₴42572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 865
health
-
-
-
1 989
social contributions
-
-
-
6 950
total
-
-
-
24 804
Employee
33 030
33 030
72 953
-
social contributions
1 249
2 741
3 697
-
health
256
562
1 240
-
income
3 596
3 058
15 499
-
total
5 101
6 361
20 436
-
Employer
33 030
33 030
72 953
-
social contributions
1 249
2 741
3 697
-
health
278
611
1 350
-
total
1 527
3 352
5 047
-
Corporate
61 427
41 618
-
-
income
7 679
5 202
-
-
total
7 679
5 202
-
-
Dividends
53 748
36 415
-
-
withholding
9 137
6 191
-
-
total
9 137
6 191
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 444
21 106
25 483
24 804
After tax
54 556
56 894
52 517
53 196
Living cost
9 945
9 945
9 945
9 945
Free-cash
44 611
46 949
42 572
43 251

Estimated living cost  is ₴9945 per week

₴5960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57772
₴55587
₴58927
₴50309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
78 000
income
-
-
-
7 955
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
12 253
Employee

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

9 859
-
73 802
-
health
838
-
3 464
-
income
674
-
6 890
-
pensions
1 479
-
6 114
-
unemployment
49
-
204
-
total
3 040
-
16 672
-
Employer

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

9 859
-
73 802
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
67 126
78 000
-
-
income
6 041
7 020
-
-
total
6 041
7 020
-
-
Dividends
61 085
70 980
-
-
withholding
5 497
6 388
-
-
total
5 497
6 388
-
-
Income
78 000
78 000
78 000
78 000
Total tax
15 593
13 408
20 871
12 253
After tax
62 407
64 592
57 129
65 747
Living cost
6 820
6 820
6 820
6 820
Free-cash
55 587
57 772
50 309
58 927

Estimated living cost  is ₴6820 per week

₴4351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40152
₴38255
₴31935
₴30133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
359
income
-
-
-
22 308
pensions
-
-
-
11 267
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 253
Employee
15 883
-
65 308
-
other
15
-
40
-
income
3 062
-
20 834
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 070
-
23 363
-
Employer
15 883
-
65 308
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 748
-
9 396
-
total
5 064
-
12 692
-
Corporate
57 054
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.

8 558
11 700
-
-
total
8 558
11 700
-
-
Dividends
48 496
66 300
-
-
withholding
10 241
14 336
-
-
total
10 241
14 336
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 933
26 036
36 055
34 253
After tax
50 067
51 964
41 945
43 747
Living cost
11 812
11 812
11 812
11 812
Free-cash
38 255
40 152
30 133
31 935

Estimated living cost  is ₴11812 per week

₴7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47497
₴47304
₴48835
₴48751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 512
pensions
-
-
-
857
health
-
-
-
621
total
-
-
-
27 990
Employee
1 789
-
77 036
-
health
89
-
214
-
income
346
-
26 467
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
614
-
27 110
-
Employer
1 789
-
77 036
-
unemployment
36
-
86
-
pensions
197
-
471
-
health
170
-
407
-
total
403
-
964
-
Corporate
75 808
78 000
-
-
income
16 678
17 160
-
-
total
16 678
17 160
-
-
Dividends
59 130
60 840
-
-
withholding
11 826
12 168
-
-
total
11 826
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 521
29 328
28 074
27 990
After tax
48 479
48 672
49 926
50 010
Living cost
1 175
1 175
1 175
1 175
Free-cash
47 304
47 497
48 751
48 835

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48926
₴46813
₴40864
₴40864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 000
income
-
-
-
17 706
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
29 707
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.

11 203
-
72 317
-
health
577
-
1 635
-
income
1 544
-
17 706
-
pensions
1 568
-
4 445
-
unemployment
84
-
238
-
total
3 773
-
24 024
-
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.

11 203
-
72 317
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
64 792
78 000
-
-
income
9 719
11 700
-
-
total
9 719
11 700
-
-
Dividends
55 073
66 300
-
-
withholding
8 261
9 945
-
-
total
8 261
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 758
21 645
29 707
29 707
After tax
54 242
56 355
48 293
48 293
Living cost
7 429
7 429
7 429
7 429
Free-cash
46 813
48 926
40 864
40 864

Estimated living cost  is ₴7429 per week

₴5002
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.
₴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.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32787
₴32632
₴30042
₴24128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
9 273
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
36 378
Employee
16 671
-
63 030
-
social contributions
1 834
-
6 934
-
surtax
-
-
-
-
income
3 257
-
20 388
-
total
5 091
-
27 322
-
Employer
16 671
-
63 030
-
social contributions
3 959
-
14 970
-
total
3 959
-
14 970
-
Corporate
57 369
78 000
-
-
surtax
-
-
-
-
income
12 048
16 380
-
-
total
12 048
16 380
-
-
Dividends
45 322
61 620
-
-
withholding
12 690
17 253
-
-
total
12 690
17 253
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 788
33 633
42 292
36 378
After tax
44 212
44 367
35 708
41 622
Living cost
11 580
11 580
11 580
11 580
Free-cash
32 632
32 787
24 128
30 042

Estimated living cost  is ₴11580 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36868
₴34057
₴28651
₴26849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
359
income
-
-
-
22 308
pensions
-
-
-
11 267
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 253
Employee
20 745
-
65 308
-
other
20
-
40
-
income
4 333
-
20 834
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 649
-
23 363
-
Employer
20 745
-
65 308
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 896
-
9 396
-
total
6 614
-
12 692
-
Corporate
50 641
78 000
-
-
income

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

7 596
11 700
-
-
total
7 596
11 700
-
-
Dividends
43 045
66 300
-
-
withholding
8 988
14 336
-
-
total
8 988
14 336
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 847
26 036
36 055
34 253
After tax
49 153
51 964
41 945
43 747
Living cost
15 096
15 096
15 096
15 096
Free-cash
34 057
36 868
26 849
28 651

Estimated living cost  is ₴15096 per week

₴10841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59294
₴56671
₴54894
₴57977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
15 710
Employee
9 794
-
75 053
-
health
451
-
691
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
980
-
7 506
-
pensions

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

860
-
1 319
-
total
2 399
-
9 681
-
Employer
9 794
-
75 053
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 079
-
1 655
-
health
676
-
1 036
-
total
1 922
-
2 946
-
Corporate
66 285
78 000
-
-
income
6 629
7 800
-
-
total
6 629
7 800
-
-
Dividends
59 656
70 200
-
-
withholding
2 983
3 510
-
-
total
2 983
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 933
11 310
12 627
15 710
After tax
64 067
66 690
65 373
62 290
Living cost
7 396
7 396
7 396
7 396
Free-cash
56 671
59 294
57 977
54 894

Estimated living cost  is ₴7396 per week

₴4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23556
₴29176
₴24446
₴32773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 327
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.

-
-
-
24 370
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.

-
-
-
2 934
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.

-
-
-
1 340
total
-
-
-
36 971
Employee

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

21 372
-
78 000
-
health

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

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

2 934
-
2 934
-
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.

97
-
1 340
-
income

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

1 757
-
24 370
-
total
4 788
-
28 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 628
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.

467
643
-
-
income
8 495
11 700
-
-
trade
8 126
11 193
-
-
chamber of commerce
148
179
-
-
total
17 236
23 715
-
-
Dividends
39 392
54 285
-
-
surtax

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

532
738
-
-
withholding
9 685
13 408
-
-
total
10 217
14 146
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 241
37 861
28 644
36 971
After tax
45 759
40 139
49 356
41 029
Living cost
16 583
16 583
16 583
16 583
Free-cash
29 176
23 556
32 773
24 446

Estimated living cost  is ₴16583 per week

₴11440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30131
₴31080
₴16363
₴16363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 100
social contributions
-
-
-
13 068
total
-
-
-
37 168
Employee
33 600
-
78 000
-
income
6 340
-
24 100
-
social contributions
2 791
-
13 068
-
total
9 131
-
37 168
-
Employer
33 600
-
78 000
-
total
-
-
-
-
Corporate
44 400
78 000
-
-
income
5 550
9 750
-
-
total
5 550
9 750
-
-
Dividends
38 850
68 250
-
-
withholding
7 770
13 650
-
-
total
7 770
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 451
23 400
37 168
37 168
After tax
55 549
54 600
40 832
40 832
Living cost
24 469
24 469
24 469
24 469
Free-cash
31 080
30 131
16 363
16 363

Estimated living cost  is ₴24469 per week

₴18615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32839
₴34341
₴47318
₴39724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
78 000
income
-
-
-
12 227
health

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

-
-
-
2 863
total
-
-
-
15 090
Employee
19 705
-
76 024
-
income
2 138
-
18 732
-
social contributions
1 974
-
1 976
-
total
4 112
-
20 708
-
Employer
19 705
-
76 024
-
social contributions
1 974
-
1 976
-
total
1 974
-
1 976
-
Corporate
56 321
78 000
-
-
income
19 712
27 300
-
-
total
19 712
27 300
-
-
Dividends
36 608
50 700
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 067
29 569
22 684
15 090
After tax
49 933
48 431
55 316
62 910
Living cost
15 592
15 592
15 592
15 592
Free-cash
34 341
32 839
39 724
47 318

Estimated living cost  is ₴15592 per week

₴10271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34802
₴37362
₴35528
₴28478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 490
pensions
-
-
-
3 926
total
-
-
-
26 416
Employee
22 038
-
68 120
-
health
287
-
981
-
income
4 013
-
17 790
-
pensions
1 682
-
4 815
-
total
5 982
-
23 586
-
Employer
22 038
-
68 120
-
pensions
2 227
-
8 586
-
health
419
-
1 295
-
total
2 646
-
9 881
-
Corporate
53 316
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.

10 130
14 820
-
-
total
10 130
14 820
-
-
Dividends
43 186
63 180
-
-
withholding
5 825
12 323
-
-
total
5 825
12 323
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 583
27 143
33 467
26 416
After tax
53 417
50 857
44 533
51 584
Living cost
16 055
16 055
16 055
16 055
Free-cash
37 362
34 802
28 478
35 528

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3877
₴4754
₴43116
₴32266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
accident
-
-
-
108
income
-
-
-
21 708
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
24 689
Employee
16 037
-
70 385
-
health
1 836
-
8 059
-
income
2 200
-
16 601
-
pensions
1 806
-
3 265
-
total
5 842
-
27 925
-
Employer
16 037
-
70 385
-
accident
268
-
1 175
-
unemployment
393
-
1 724
-
pensions
2 608
-
4 715
-
total
3 269
-
7 614
-
Corporate
58 694
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.

52 825
70 200
-
-
total
52 825
70 200
-
-
Dividends
5 869
7 800
-
-
withholding
1 115
1 482
-
-
total
1 115
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
63 051
71 682
35 539
24 689
After tax
14 949
6 318
42 461
53 311
Living cost
10 195
10 195
10 195
10 195
Free-cash
4 754
-3 877
32 266
43 116

Estimated living cost  is ₴10195 per week

₴7482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59836
₴57827
₴40415
₴49859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
343
health insurance
-
-
-
5 083
income
-
-
-
12 896
pensions
-
-
-
12 638
unemployment
-
-
-
824
total
-
-
-
31 784
Employee

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

9 282
-
78 000
-
work injury
46
-
172
-
income
928
-
12 896
-
pensions
1 708
-
6 319
-
health insurance
687
-
2 541
-
unemployment
111
-
412
-
total
3 480
-
22 340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 718
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%.

687
780
-
-
total
687
780
-
-
Dividends
68 030
77 220
-
-
withholding
10 205
11 583
-
-
total
10 205
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 372
12 363
22 340
31 784
After tax
63 628
65 637
55 660
46 216
Living cost
5 801
5 801
5 801
5 801
Free-cash
57 827
59 836
49 859
40 415

Estimated living cost  is ₴5801 per week

₴3594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23974
₴22020
₴19106
₴15683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
municipal
-
-
-
522
regional
-
-
-
1 789
national
-
-
-
19 410
social contributions
-
-
-
20 061
total
-
-
-
41 782
Employee
36 196
-
78 000
-
social contributions
12 205
-
26 302
-
regional
546
-
1 587
-
municipal
216
-
465
-
national
6 117
-
16 851
-
total
19 084
-
45 205
-
Employer
36 196
-
78 000
-
total
-
-
-
-
Corporate
41 804
78 000
-
-
nationa
10 033
18 720
-
-
municipal
2 015
3 759
-
-
total
12 048
22 479
-
-
Dividends
29 756
55 521
-
-
withholding
7 736
14 435
-
-
total
7 736
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 868
36 914
45 205
41 782
After tax
39 132
41 086
32 795
36 218
Living cost
17 112
17 112
17 112
17 112
Free-cash
22 020
23 974
15 683
19 106

Estimated living cost  is ₴17112 per week

₴12020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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