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
₴24286
₴35222
₴26581
₴29789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 041
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.

-
-
-
1 267
health

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

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

-
-
-
3 399
trade
-
-
-
8 641
total
-
-
-
36 348
Employee

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

19 032
-
78 000
-
surtax

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

29
-
1 267
-
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.

532
-
23 041
-
health

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

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

3 399
-
3 399
-
total
3 960
-
27 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 968
78 000
-
-
income
8 845
11 700
-
-
surtax

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

486
644
-
-
chamber of commerce
161
188
-
-
trade
9 288
12 285
-
-
total
18 780
24 817
-
-
Dividends
40 189
53 183
-
-
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.

542
720
-
-
withholding
9 858
13 106
-
-
total
10 400
13 826
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 140
38 643
27 707
36 348
After tax
44 860
39 357
50 293
41 652
Living cost
15 071
15 071
15 071
15 071
Free-cash
29 789
24 286
35 222
26 581

Estimated living cost  is ₴15071 per week

₴9480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22175
₴20386
₴19773
₴21734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
838
municipal
-
-
-
8 445
national
-
-
-
13 087
pensions
-
-
-
9 360
total
-
-
-
31 730
Employee
41 075
-
67 430
-
municipal
5 073
-
8 747
-
pensions
1 643
-
2 697
-
national
7 862
-
13 554
-
total
14 578
-
24 998
-
Employer
41 075
-
67 430
-
pensions
3 286
-
5 394
-
social contributions
442
-
725
-
total
3 728
-
6 119
-
Corporate
30 487
78 000
-
-
income

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

6 097
15 600
-
-
total
6 097
15 600
-
-
Dividends
24 390
62 400
-
-
withholding
5 366
13 728
-
-
total
5 366
13 728
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 769
29 328
31 117
31 730
After tax
48 231
48 672
46 883
46 270
Living cost
26 497
26 497
26 497
26 497
Free-cash
21 734
22 175
20 386
19 773

Estimated living cost  is ₴26497 per week

₴18009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52048
₴36747
₴15705
₴47967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 000
income
-
-
-
12 988
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.

-
-
-
19 065
microenterprise
-
-
-
-
total
-
-
-
51 943
Employee
14 540
-
56 635
-
surtax
-
-
-
-
social contributions

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

1 600
-
6 230
-
income
2 588
-
11 027
-
total
4 188
-
17 257
-
Employer
14 540
-
56 635
-
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.

3 502
-
13 644
-
surtax
-
-
-
-
total
3 502
-
13 644
-
Corporate
59 958
78 000
-
-
income

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

11 991
15 600
-
-
total
11 991
15 600
-
-
Dividends

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

47 967
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
19 681
15 600
30 901
51 943
After tax
58 319
62 400
47 099
26 057
Living cost
10 352
10 352
10 352
10 352
Free-cash
47 967
52 048
36 747
15 705

Estimated living cost  is ₴10352 per week

₴6604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17628
₴26840
₴22889
₴14579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 300
health
-
-
-
6 136
pensions
-
-
-
5 830
total
-
-
-
34 266
Employee
42 492
42 492
68 753
-
pensions
7 649
5 830
5 830
-
income

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

6 955
6 955
9 102
-
health
6 522
5 548
6 136
-
total
21 126
18 333
21 068
-
Employer
42 492
42 492
68 753
-
health
2 954
2 954
3 670
-
pensions
2 957
2 957
3 676
-
unemployment
1 530
1 530
1 901
-
total
7 441
7 441
9 247
-
Corporate
28 589
28 067
-
-
income
5 718
5 614
-
-
total
5 718
5 614
-
-
Dividends
22 871
22 454
-
-
income
4 860
4 771
-
-
withholding
3 431
3 368
-
-
total
8 291
8 139
-
-
Income
78 000
78 000
78 000
78 000
Total tax
42 576
39 527
30 315
34 266
After tax
35 424
38 473
47 685
43 734
Living cost
20 845
20 845
20 845
20 845
Free-cash
14 579
17 628
26 840
22 889

Estimated living cost  is ₴20845 per week

₴14772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22720
₴20301
₴20783
₴22274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 060
unemployment
-
-
-
44
health
-
-
-
2 717
municipal
-
-
-
19 498
national
-
-
-
5 236
pensions
-
-
-
4 707
total
-
-
-
37 349
Employee
28 310
-
64 319
-
municipal
8 442
-
19 180
-
national
-
-
4 969
-
total
8 442
-
24 149
-
Employer
28 310
-
64 319
-
health
1 741
-
2 678
-
pensions
3 060
-
4 707
-
accident
57
-
87
-
unemployment
747
-
1 150
-
other
3 290
-
5 060
-
total
8 895
-
13 682
-
Corporate
40 795
78 000
-
-
income
8 975
17 160
-
-
total
8 975
17 160
-
-
Dividends
31 820
60 840
-
-
withholding
9 546
18 252
-
-
total
9 546
18 252
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 858
35 412
37 831
37 349
After tax
42 142
42 588
40 169
40 651
Living cost
19 868
19 868
19 868
19 868
Free-cash
22 274
22 720
20 301
20 783

Estimated living cost  is ₴19868 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19409
₴30746
₴21721
₴26400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 041
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.

-
-
-
1 267
health

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

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

-
-
-
3 399
trade
-
-
-
9 025
total
-
-
-
36 732
Employee

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

25 234
-
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.

119
-
1 267
-
income

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

2 168
-
23 041
-
health

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

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

3 399
-
3 399
-
total
5 686
-
27 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 766
78 000
-
-
income
7 915
11 700
-
-
surtax

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

435
644
-
-
chamber of commerce
150
186
-
-
trade
8 680
12 831
-
-
total
17 180
25 361
-
-
Dividends
35 587
52 639
-
-
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.

479
713
-
-
withholding
8 708
12 970
-
-
total
9 187
13 683
-
-
Income
78 000
78 000
78 000
78 000
Total tax
32 053
39 044
27 707
36 732
After tax
45 947
38 956
50 293
41 268
Living cost
19 547
19 547
19 547
19 547
Free-cash
26 400
19 409
30 746
21 721

Estimated living cost  is ₴19547 per week

₴13073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40794
₴36945
₴37657
₴38730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 164
social contributions
-
-
-
8 051
health
-
-
-
1 989
total
-
-
-
24 204
Employee
38 262
38 262
72 378
-
social contributions
1 859
3 176
4 283
-
income
4 018
3 542
13 781
-
health
381
651
1 230
-
total
6 258
7 369
19 294
-
Employer
38 262
38 262
72 378
-
health
415
708
1 339
-
social contributions
1 859
3 176
4 283
-
total
2 274
3 884
5 622
-
Corporate
53 329
35 854
-
-
income
6 666
4 481
-
-
total
6 666
4 481
-
-
Dividends
46 663
31 373
-
-
withholding
7 933
5 333
-
-
total
7 933
5 333
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 131
21 067
24 916
24 204
After tax
54 869
56 933
53 084
53 796
Living cost
16 139
16 139
16 139
16 139
Free-cash
38 730
40 794
36 945
37 657

Estimated living cost  is ₴16139 per week

₴11033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34905
₴36288
₴45105
₴35090
S + D Salary + Dividends

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

Dividends

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

Salary

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

12 891
5 130
65 272
-
unemployment
193
77
979
-
pensions
1 289
513
6 527
-
income
1 576
627
7 979
-
health
902
359
4 569
-
total
3 960
1 576
20 054
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 891
5 130
65 272
-
pensions
2 514
1 000
12 728
-
total
2 514
1 000
12 728
-
Corporate
62 595
71 869
-
-
income
5 634
6 468
-
-
total
5 634
6 468
-
-
Dividends
56 962
65 401
-
-
social contributions
11 049
12 695
-
-
withholding
10 823
12 426
-
-
total
21 872
25 121
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 980
34 165
32 782
23 965
After tax
44 020
43 835
45 218
54 035
Living cost
8 930
8 930
8 930
8 930
Free-cash
35 090
34 905
36 288
45 105

Estimated living cost  is ₴8930 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50381
₴32938
₴29789
₴47291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
10 452
health
-
-
-
10 140
pensions
-
-
-
15 600
total
-
-
-
36 192
Employee
14 116
-
58 296
-
unemployment
226
-
933
-
pensions
282
-
1 166
-
income
1 589
-
11 240
-
total
2 097
-
13 339
-
Employer
14 116
-
58 296
-
health
1 835
-
7 579
-
pensions
2 823
-
11 659
-
unemployment
113
-
466
-
total
4 771
-
19 704
-
Corporate
59 113
78 000
-
-
income
11 822
15 600
-
-
total
11 822
15 600
-
-
Dividends
47 291
62 400
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
18 690
15 600
33 043
36 192
After tax
59 310
62 400
44 957
41 808
Living cost
12 019
12 019
12 019
12 019
Free-cash
47 291
50 381
32 938
29 789

Estimated living cost  is ₴12019 per week

₴8243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4796
₴30868
₴42246
₴4613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 121
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
24 640
Employee
17 483
-
69 568
-
pensions
1 969
-
3 854
-
income
2 398
-
15 766
-
health
2 002
-
7 966
-
total
6 369
-
27 586
-
Employer
17 483
-
69 568
-
pensions
2 843
-
5 566
-
accident
292
-
1 162
-
unemployment
428
-
1 704
-
total
3 563
-
8 432
-
Corporate
56 954
78 000
-
-
income

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

51 259
70 200
-
-
total
51 259
70 200
-
-
Dividends
5 695
7 800
-
-
withholding
1 082
1 482
-
-
total
1 082
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 273
71 682
36 018
24 640
After tax
15 727
6 318
41 982
53 360
Living cost
11 114
11 114
11 114
11 114
Free-cash
4 613
-4 796
30 868
42 246

Estimated living cost  is ₴11114 per week

₴8146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70082
₴58382
₴73202
₴69329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
microenterprise

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

-
-
-
780
total
-
-
-
780
Employee
5 022
-
78 000
-
income
1 004
-
15 600
-
total
1 004
-
15 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

72 978
78 000
-
-
total
-
-
-
-
Dividends
72 978
78 000
-
-
withholding
3 649
3 900
-
-
total
3 649
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
4 653
3 900
15 600
780
After tax
73 347
74 100
62 400
77 220
Living cost
4 018
4 018
4 018
4 018
Free-cash
69 329
70 082
58 382
73 202

Estimated living cost  is ₴4018 per week

₴2490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44048
₴31180
₴28535
₴40689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 123
other
-
-
-
3 594
health
-
-
-
3 329
pensions

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

-
-
-
18 160
total
-
-
-
36 206
Employee
18 067
-
62 300
-
unemployment
180
-
623
-
pensions

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

1 264
-
4 361
-
income
3 110
-
12 005
-
health
253
-
872
-
total
4 807
-
17 861
-
Employer
18 067
-
62 300
-
health
253
-
872
-
pensions

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

3 072
-
10 591
-
accident
144
-
499
-
unemployment
180
-
623
-
other
904
-
3 115
-
total
4 553
-
15 700
-
Corporate
55 380
78 000
-
-
income
11 630
16 380
-
-
total
11 630
16 380
-
-
Dividends
43 750
61 620
-
-
withholding
3 062
4 313
-
-
total
3 062
4 313
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 052
20 693
33 561
36 206
After tax
53 948
57 307
44 439
41 794
Living cost
13 259
13 259
13 259
13 259
Free-cash
40 689
44 048
31 180
28 535

Estimated living cost  is ₴13259 per week

₴9368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
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.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18806
₴12042
₴19156
₴18306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 262
pensions
-
-
-
4 285
total
-
-
-
25 547
Employee
47 110
-
68 227
-
pensions
4 545
-
5 342
-
income
8 492
-
16 520
-
health
776
-
1 026
-
total
13 813
-
22 888
-
Employer
47 110
-
68 227
-
health
895
-
1 296
-
pensions
5 562
-
8 477
-
total
6 457
-
9 773
-
Corporate
24 433
78 000
-
-
income

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

4 642
14 820
-
-
total
4 642
14 820
-
-
Dividends
19 791
63 180
-
-
withholding
1 485
11 077
-
-
total
1 485
11 077
-
-
Income
78 000
78 000
78 000
78 000
Total tax
26 397
25 897
32 661
25 547
After tax
51 603
52 103
45 339
52 453
Living cost
33 297
33 297
33 297
33 297
Free-cash
18 306
18 806
12 042
19 156

Estimated living cost  is ₴33297 per week

₴24950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60169
₴58096
₴55141
₴57859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
16 338
Employee
8 635
-
74 591
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
863
-
7 459
-
health
397
-
799
-
total
2 113
-
9 975
-
Employer
8 635
-
74 591
-
health
596
-
1 199
-
pensions

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

952
-
1 914
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 408
-
Corporate
67 671
78 000
-
-
income
6 767
7 800
-
-
total
6 767
7 800
-
-
Dividends
60 903
70 200
-
-
withholding
3 045
3 510
-
-
total
3 045
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
13 620
11 310
13 383
16 338
After tax
64 380
66 690
64 617
61 662
Living cost
6 521
6 521
6 521
6 521
Free-cash
57 859
60 169
58 096
55 141

Estimated living cost  is ₴6521 per week

₴3807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10881
₴20093
₴16142
₴12134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 300
health
-
-
-
6 136
pensions
-
-
-
5 830
total
-
-
-
34 266
Employee
46 132
42 492
68 753
-
pensions
5 830
5 830
5 830
-
income

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

6 955
6 955
9 102
-
health
5 755
5 548
6 136
-
total
18 540
18 333
21 068
-
Employer
46 132
42 492
68 753
-
health
3 206
2 954
3 670
-
pensions
3 210
2 957
3 676
-
unemployment
1 661
1 530
1 901
-
total
8 077
7 441
9 247
-
Corporate
23 790
28 067
-
-
income
4 758
5 614
-
-
total
4 758
5 614
-
-
Dividends
19 032
22 454
-
-
income
4 044
4 771
-
-
withholding
2 855
3 368
-
-
total
6 899
8 139
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 274
39 527
30 315
34 266
After tax
39 726
38 473
47 685
43 734
Living cost
27 592
27 592
27 592
27 592
Free-cash
12 134
10 881
20 093
16 142

Estimated living cost  is ₴27592 per week

₴20354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41494
₴27373
₴30208
₴37137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 485
social contributions
-
-
-
17 568
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 583
Employee
17 955
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 784
-
income
2 155
-
6 985
-
health
2 424
-
7 858
-
total
5 746
-
18 627
-
Employer
17 955
-
58 209
-
health
1 616
-
5 239
-
social contributions
4 489
-
14 552
-
total
6 105
-
19 791
-
Corporate
53 941
78 000
-
-
income
10 249
14 820
-
-
total
10 249
14 820
-
-
Dividends
43 692
63 180
-
-
withholding
6 554
9 477
-
-
total
6 554
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 654
24 297
38 418
35 583
After tax
49 346
53 703
39 582
42 417
Living cost
12 209
12 209
12 209
12 209
Free-cash
37 137
41 494
27 373
30 208

Estimated living cost  is ₴12209 per week

₴8481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20620
₴13316
₴16845
₴18023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
911
municipal
-
-
-
464
national
-
-
-
18 722
total
-
-
-
40 159
Employee
44 222
-
78 000
-
municipal
234
-
414
-
national
7 663
-
16 170
-
regional
417
-
803
-
social contributions
14 912
-
26 301
-
total
23 226
-
43 688
-
Employer
44 222
-
78 000
-
total
-
-
-
-
Corporate
33 778
78 000
-
-
municipal
1 317
3 042
-
-
nationa
8 106
18 720
-
-
total
9 423
21 762
-
-
Dividends
24 354
56 238
-
-
withholding
6 332
14 622
-
-
total
6 332
14 622
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 981
36 384
43 688
40 159
After tax
39 019
41 616
34 312
37 841
Living cost
20 996
20 996
20 996
20 996
Free-cash
18 023
20 620
13 316
16 845

Estimated living cost  is ₴20996 per week

₴14636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴38082
₴23244
₴26036
₴36533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 963
other
-
-
-
-
surtax
-
-
-
2 911
unemployment
-
-
-
113
health
-
-
-
4 715
pensions
-
-
-
13 282
total
-
-
-
40 984
Employee
16 455
-
64 437
-
other
-
-
-
-
unemployment
1 145
-
4 485
-
pensions
1 097
-
4 298
-
surtax
54
-
2 470
-
income
2 758
-
17 317
-
health
420
-
1 643
-
total
5 474
-
30 213
-
Employer
16 455
-
64 437
-
health
749
-
2 932
-
pensions
2 194
-
8 589
-
unemployment
521
-
2 042
-
other
-
-
-
-
total
3 464
-
13 563
-
Corporate
58 082
78 000
-
-
income
15 102
20 280
-
-
total
15 102
20 280
-
-
Dividends
42 980
57 720
-
-
withholding
6 447
8 658
-
-
total
6 447
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 487
28 938
43 776
40 984
After tax
47 513
49 062
34 224
37 016
Living cost
10 980
10 980
10 980
10 980
Free-cash
36 533
38 082
23 244
26 036

Estimated living cost  is ₴10980 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29356
₴22592
₴29706
₴31776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 262
pensions
-
-
-
4 285
total
-
-
-
25 547
Employee
31 572
-
68 227
-
pensions
2 680
-
5 342
-
income
5 686
-
16 520
-
health
458
-
1 026
-
total
8 824
-
22 888
-
Employer
31 572
-
68 227
-
health
600
-
1 296
-
pensions
3 418
-
8 477
-
total
4 018
-
9 773
-
Corporate
42 411
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.

8 058
14 820
-
-
total
8 058
14 820
-
-
Dividends
34 353
63 180
-
-
withholding
2 577
11 077
-
-
total
2 577
11 077
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 477
25 897
32 661
25 547
After tax
54 523
52 103
45 339
52 453
Living cost
22 747
22 747
22 747
22 747
Free-cash
31 776
29 356
22 592
29 706

Estimated living cost  is ₴22747 per week

₴17042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3651
₴20635
₴24430
₴13170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
other

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

-
-
-
1 560
regional
-
-
-
3 533
health
-
-
-
176
city
-
-
-
822
national
-
-
-
984
pensions
-
-
-
7 176
total
-
-
-
14 251
Employee
46 013
-
69 813
-
unemployment
-
-
-
-
pensions
3 866
-
5 865
-
national
218
-
804
-
regional
1 507
-
3 049
-
city
494
-
750
-
health
104
-
158
-
total
6 189
-
10 626
-
Employer
46 013
-
69 813
-
health
104
-
158
-
pensions
3 866
-
5 865
-
unemployment
-
-
-
-
other

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

920
-
1 397
-
total
4 890
-
7 420
-
Corporate
26 591
78 000
-
-
regional
5 624
16 497
-
-
national
2 260
6 630
-
-
total
7 884
23 127
-
-
Dividends
18 707
54 873
-
-
withholding
6 548
19 205
-
-
total
6 548
19 205
-
-
Income
78 000
78 000
78 000
78 000
Total tax
25 511
42 332
18 046
14 251
After tax
52 489
35 668
59 954
63 749
Living cost
39 319
39 319
39 319
39 319
Free-cash
13 170
-3 651
20 635
24 430

Estimated living cost  is ₴39319 per week

₴25568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15759
₴27498
₴18088
₴23827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 041
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.

-
-
-
1 267
health

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

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

-
-
-
3 399
trade
-
-
-
9 410
total
-
-
-
37 117
Employee

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

29 904
-
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.

194
-
1 267
-
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.

3 516
-
23 041
-
health

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

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

3 399
-
3 399
-
total
7 109
-
27 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 096
78 000
-
-
income
7 214
11 700
-
-
surtax

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

397
644
-
-
chamber of commerce
144
185
-
-
trade
8 248
13 377
-
-
total
16 003
25 906
-
-
Dividends
32 094
52 093
-
-
surtax

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

431
706
-
-
withholding
7 835
12 834
-
-
total
8 266
13 540
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 378
39 446
27 707
37 117
After tax
46 622
38 554
50 293
40 883
Living cost
22 795
22 795
22 795
22 795
Free-cash
23 827
15 759
27 498
18 088

Estimated living cost  is ₴22795 per week

₴16648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22287
₴26918
₴27087
₴25228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 423
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 223
health
-
-
-
2 997
pensions
-
-
-
14 828
total
-
-
-
33 889
Employee
21 296
-
60 980
-
pensions
2 408
-
3 986
-
surtax
-
-
-
-
social contributions
607
-
1 737
-
income
1 257
-
11 315
-
total
4 272
-
17 038
-
Employer
21 296
-
60 980
-
health
1 491
-
5 341
-
pensions
3 498
-
6 757
-
unemployment
862
-
2 469
-
social contributions
64
-
183
-
other
735
-
2 270
-
total
6 650
-
17 020
-
Corporate
50 054
78 000
-
-
income
14 015
21 840
-
-
surtax
-
-
-
-
total
14 015
21 840
-
-
Dividends
36 039
56 160
-
-
surtax
-
-
-
-
social contributions
6 198
9 660
-
-
withholding
4 613
7 189
-
-
total
10 811
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 748
38 689
34 058
33 889
After tax
42 252
39 311
43 942
44 111
Living cost
17 024
17 024
17 024
17 024
Free-cash
25 228
22 287
26 918
27 087

Estimated living cost  is ₴17024 per week

₴10734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23974
₴28605
₴28774
₴26740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 423
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 223
health
-
-
-
2 997
pensions
-
-
-
14 828
total
-
-
-
33 889
Employee
19 010
-
60 980
-
pensions
2 150
-
3 986
-
surtax
-
-
-
-
social contributions
542
-
1 737
-
income
980
-
11 315
-
total
3 672
-
17 038
-
Employer
19 010
-
60 980
-
health
1 330
-
5 341
-
pensions
3 124
-
6 757
-
unemployment
770
-
2 469
-
social contributions
57
-
183
-
other
656
-
2 270
-
total
5 937
-
17 020
-
Corporate
53 054
78 000
-
-
income
14 855
21 840
-
-
surtax
-
-
-
-
total
14 855
21 840
-
-
Dividends
38 199
56 160
-
-
surtax
-
-
-
-
social contributions
6 570
9 660
-
-
withholding
4 889
7 189
-
-
total
11 459
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 923
38 689
34 058
33 889
After tax
42 077
39 311
43 942
44 111
Living cost
15 337
15 337
15 337
15 337
Free-cash
26 740
23 974
28 605
28 774

Estimated living cost  is ₴15337 per week

₴8895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37037
₴38215
₴39540
₴37293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
social contributions
-
-
-
10 764
health
-
-
-
5 445
total
-
-
-
27 909
Employee
16 871
-
78 000
-
social contributions
2 329
-
10 764
-
income
2 814
-
13 025
-
health
1 177
-
5 445
-
total
6 320
-
29 234
-
Employer
16 871
-
78 000
-
total
-
-
-
-
Corporate
61 129
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%.

3 057
3 900
-
-
total
3 057
3 900
-
-
Dividends
58 072
74 100
-
-
social contributions
8 014
10 225
-
-
withholding
8 711
11 115
-
-
health
4 054
5 172
-
-
total
20 779
26 512
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 156
30 412
29 234
27 909
After tax
47 844
47 588
48 766
50 091
Living cost
10 551
10 551
10 551
10 551
Free-cash
37 293
37 037
38 215
39 540

Estimated living cost  is ₴10551 per week

₴7061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25717
₴2901
₴22473
₴24947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 331
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
312
health
-
-
-
4 447
pensions
-
-
-
10 754
total
-
-
-
37 994
Employee
24 867
19 830
60 966
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 030
5 953
-
income
2 831
1 463
15 235
-
health
962
768
2 249
-
total
7 334
5 054
25 763
-
Employer
24 867
19 830
60 966
-
chamber of commerce
99
79
244
-
health
940
750
2 197
-
pensions
3 121
2 489
7 295
-
accident
323
258
755
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
1 829
-
other
1 181
941
2 872
-
total
7 254
5 805
17 034
-
Corporate
45 879
52 365
59 077
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

11 470
13 091
14 769
-
total
11 470
13 091
14 769
-
Dividends
34 409
39 274
-
-
withholding
9 462
10 800
-
-
total
9 462
10 800
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 520
34 750
57 566
37 994
After tax
42 480
43 250
20 434
40 006
Living cost
17 533
17 533
17 533
17 533
Free-cash
24 947
25 717
2 901
22 473

Estimated living cost  is ₴17533 per week

₴11694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25500
₴9857
₴15729
₴18037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal

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

-
-
-
3 952
social contributions
-
-
-
12 137
national
-
-
-
28 039
total
-
-
-
44 128
Employee

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

35 593
-
60 412
-
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.

310
-
526
-
communal

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

1 856
-
3 151
-
pensions

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

2 669
-
4 531
-
national
10 943
-
21 366
-
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.

1 672
-
2 839
-
total
17 450
-
32 413
-
Employer

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

35 593
-
60 412
-
health

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

2 189
-
3 715
-
pensions

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

3 154
-
5 352
-
accident

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

463
-
786
-
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.

519
-
882
-
surtax
4 036
-
6 852
-
total
10 361
-
17 587
-
Corporate
32 047
78 000
-
-
income
6 410
15 600
-
-
surtax
128
312
-
-
total
6 538
15 912
-
-
Dividends
25 509
62 088
-
-
withholding

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

7 471
18 445
-
-
total
7 471
18 445
-
-
Income
78 000
78 000
78 000
78 000
Total tax
41 820
34 357
50 000
44 128
After tax
36 180
43 643
28 000
33 872
Living cost
18 143
18 143
18 143
18 143
Free-cash
18 037
25 500
9 857
15 729

Estimated living cost  is ₴18143 per week

₴11686
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.
₴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.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34139
₴23824
₴25912
₴30556
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
20 282
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
34 118
Employee
24 769
-
63 297
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 226
-
18 574
-
total
6 799
-
21 503
-
Employer
24 769
-
63 297
-
pensions
5 845
-
10 885
-
accident
490
-
913
-
unemployment
1 363
-
2 536
-
other
197
-
369
-
total
7 895
-
14 703
-
Corporate
45 336
78 000
-
-
income

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

6 801
11 700
-
-
total
6 801
11 700
-
-
Dividends
38 536
66 300
-
-
withholding
7 979
14 191
-
-
total
7 979
14 191
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 474
25 891
36 206
34 118
After tax
48 526
52 109
41 794
43 882
Living cost
17 970
17 970
17 970
17 970
Free-cash
30 556
34 139
23 824
25 912

Estimated living cost  is ₴17970 per week

₴13233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19149
₴15712
₴12604
₴13263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
communal
-
-
-
4 930
accident
-
-
-
657
income
-
-
-
11 730
surtax
-
-
-
3 867
health
-
-
-
5 480
pensions
-
-
-
11 691
total
-
-
-
38 355
Employee
37 682
-
69 674
-
pensions
3 014
-
5 574
-
surtax
2 310
-
4 270
-
income
3 640
-
13 977
-
health
1 677
-
3 100
-
total
10 641
-
26 921
-
Employer
37 682
-
69 674
-
health
1 149
-
2 125
-
pensions
3 014
-
5 574
-
accident
339
-
627
-
total
4 502
-
8 326
-
Corporate
35 816
78 000
-
-
communal
2 417
5 265
-
-
income
5 373
11 700
-
-
surtax
376
819
-
-
total
8 166
17 784
-
-
Dividends
27 650
60 216
-
-
income
10 240
4 993
-
-
withholding
4 147
9 033
-
-
total
14 387
14 026
-
-
Income
78 000
78 000
78 000
78 000
Total tax
37 696
31 810
35 247
38 355
After tax
40 304
46 190
42 753
39 645
Living cost
27 041
27 041
27 041
27 041
Free-cash
13 263
19 149
15 712
12 604

Estimated living cost  is ₴27041 per week

₴20285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
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.
₴4831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37886
₴23048
₴25840
₴36303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 963
other
-
-
-
-
surtax
-
-
-
2 911
unemployment
-
-
-
113
health
-
-
-
4 715
pensions
-
-
-
13 282
total
-
-
-
40 984
Employee
16 757
-
64 437
-
other
-
-
-
-
unemployment
1 166
-
4 485
-
pensions
1 118
-
4 298
-
surtax
59
-
2 470
-
income
2 809
-
17 317
-
health
428
-
1 643
-
total
5 580
-
30 213
-
Employer
16 757
-
64 437
-
health
762
-
2 932
-
pensions
2 234
-
8 589
-
unemployment
532
-
2 042
-
other
-
-
-
-
total
3 528
-
13 563
-
Corporate
57 715
78 000
-
-
income
15 006
20 280
-
-
total
15 006
20 280
-
-
Dividends
42 709
57 720
-
-
withholding
6 407
8 658
-
-
total
6 407
8 658
-
-
Income
78 000
78 000
78 000
78 000
Total tax
30 521
28 938
43 776
40 984
After tax
47 479
49 062
34 224
37 016
Living cost
11 176
11 176
11 176
11 176
Free-cash
36 303
37 886
23 048
25 840

Estimated living cost  is ₴11176 per week

₴6748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27595
₴20662
₴24172
₴26488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 176
municipal
-
-
-
464
national
-
-
-
18 722
total
-
-
-
40 424
Employee
27 602
-
78 000
-
municipal
146
-
414
-
national
4 373
-
16 170
-
regional
372
-
1 049
-
social contributions
9 308
-
26 301
-
total
14 199
-
43 934
-
Employer
27 602
-
78 000
-
total
-
-
-
-
Corporate
50 398
78 000
-
-
municipal
2 505
3 876
-
-
nationa
12 096
18 720
-
-
total
14 601
22 596
-
-
Dividends
35 797
55 404
-
-
withholding
9 308
14 405
-
-
total
9 308
14 405
-
-
Income
78 000
78 000
78 000
78 000
Total tax
38 108
37 001
43 934
40 424
After tax
39 892
40 999
34 066
37 576
Living cost
13 404
13 404
13 404
13 404
Free-cash
26 488
27 595
20 662
24 172

Estimated living cost  is ₴13404 per week

₴8336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38658
₴24537
₴27372
₴33291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 485
social contributions
-
-
-
17 568
solidarity contribution
-
-
-
-
health
-
-
-
10 530
total
-
-
-
35 583
Employee
22 125
-
58 209
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 784
-
income
2 655
-
6 985
-
health
2 987
-
7 858
-
total
7 080
-
18 627
-
Employer
22 125
-
58 209
-
health
1 991
-
5 239
-
social contributions
5 531
-
14 552
-
total
7 522
-
19 791
-
Corporate
48 353
78 000
-
-
income
9 187
14 820
-
-
total
9 187
14 820
-
-
Dividends
39 166
63 180
-
-
withholding
5 875
9 477
-
-
total
5 875
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 664
24 297
38 418
35 583
After tax
48 336
53 703
39 582
42 417
Living cost
15 045
15 045
15 045
15 045
Free-cash
33 291
38 658
24 537
27 372

Estimated living cost  is ₴15045 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27428
₴4589
₴24229
₴27184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
19 331
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
312
health
-
-
-
4 447
pensions
-
-
-
10 754
total
-
-
-
37 896
Employee
21 751
19 830
61 056
-
other
217
198
582
-
unemployment
652
595
1 744
-
pensions
2 228
2 030
5 953
-
income
1 938
1 463
15 273
-
health
841
768
2 249
-
total
5 876
5 054
25 801
-
Employer
21 751
19 830
61 056
-
chamber of commerce
87
79
245
-
health
822
750
2 197
-
pensions
2 730
2 489
7 295
-
accident
282
258
755
-
unemployment
652
595
1 744
-
surtax
-
-
-
-
payroll
652
595
1 832
-
other
1 033
941
2 875
-
total
6 258
5 707
16 943
-
Corporate
49 990
52 463
59 168
-
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.

12 497
13 116
14 792
-
total
12 497
13 116
14 792
-
Dividends
37 492
39 348
-
-
withholding
10 310
10 820
-
-
total
10 310
10 820
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 941
34 697
57 536
37 896
After tax
43 059
43 303
20 464
40 104
Living cost
15 875
15 875
15 875
15 875
Free-cash
27 184
27 428
4 589
24 229

Estimated living cost  is ₴15875 per week

₴9523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4447
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67839
₴56139
₴70959
₴66665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 826
-
78 000
-
income
1 565
-
15 600
-
total
1 565
-
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%.

70 174
78 000
-
-
total
-
-
-
-
Dividends
70 174
78 000
-
-
withholding
3 509
3 900
-
-
total
3 509
3 900
-
-
Income
78 000
78 000
78 000
78 000
Total tax
5 074
3 900
15 600
780
After tax
72 926
74 100
62 400
77 220
Living cost
6 261
6 261
6 261
6 261
Free-cash
66 665
67 839
56 139
70 959

Estimated living cost  is ₴6261 per week

₴4237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40357
₴23173
₴25239
₴36197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 378
unemployment
-
-
-
117
health
-
-
-
7 675
pensions
-
-
-
14 245
total
-
-
-
39 415
Employee

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

22 003
-
67 491
-
unemployment
31
-
94
-
pensions
3 411
-
10 461
-
income
3 794
-
16 057
-
health
1 421
-
4 360
-
total
8 657
-
30 972
-
Employer

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

22 003
-
67 491
-
health
1 465
-
4 495
-
pensions
1 947
-
5 973
-
unemployment
13
-
41
-
total
3 425
-
10 509
-
Corporate
52 571
78 000
-
-
income
9 988
14 820
-
-
total
9 988
14 820
-
-
Dividends
42 582
63 180
-
-
withholding
6 387
9 477
-
-
total
6 387
9 477
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 457
24 297
41 481
39 415
After tax
49 543
53 703
36 519
38 585
Living cost
13 346
13 346
13 346
13 346
Free-cash
36 197
40 357
23 173
25 239

Estimated living cost  is ₴13346 per week

₴9159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26096
₴50129
₴32545
₴2550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
15 204
social contributions
-
-
-
8 892
total
-
-
-
24 096
Employee
30 626
-
-
-
social contributions
2 511
-
358
-
income
6 756
-
-
-
total
9 267
-
358
-
Employer
30 626
-
-
-
social contributions
43 183
-
6 154
-
total
43 183
-
6 154
-
Corporate
4 190
78 000
-
-
income
922
17 160
-
-
total
922
17 160
-
-
Dividends
3 268
60 840
-
-
income
719
13 385
-
-
total
719
13 385
-
-
Income
78 000
78 000
78 000
78 000
Total tax
54 091
30 545
6 512
24 096
After tax
23 909
47 455
71 488
53 904
Living cost
21 359
21 359
21 359
21 359
Free-cash
2 550
26 096
50 129
32 545

Estimated living cost  is ₴21359 per week

₴13859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28758
₴20871
₴26511
₴28258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
8 776
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 881
Employee
22 885
-
63 031
-
surtax
-
-
-
-
social contributions
2 517
-
6 934
-
income
4 760
-
19 618
-
total
7 277
-
26 552
-
Employer
22 885
-
63 031
-
social contributions
5 435
-
14 969
-
total
5 435
-
14 969
-
Corporate
49 680
78 000
-
-
income
10 433
16 380
-
-
surtax
-
-
-
-
total
10 433
16 380
-
-
Dividends
39 247
61 620
-
-
withholding
10 989
17 254
-
-
total
10 989
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
34 134
33 634
41 521
35 881
After tax
43 866
44 366
36 479
42 119
Living cost
15 608
15 608
15 608
15 608
Free-cash
28 258
28 758
20 871
26 511

Estimated living cost  is ₴15608 per week

₴11678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15278
₴19909
₴20078
₴18699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 423
other
-
-
-
2 418
surtax
-
-
-
-
social contributions
-
-
-
2 223
health
-
-
-
2 997
pensions
-
-
-
14 828
total
-
-
-
33 889
Employee
31 165
-
60 980
-
pensions
3 525
-
3 986
-
surtax
-
-
-
-
social contributions
888
-
1 737
-
income
2 719
-
11 315
-
total
7 132
-
17 038
-
Employer
31 165
-
60 980
-
health
2 181
-
5 341
-
pensions
5 121
-
6 757
-
unemployment
1 262
-
2 469
-
social contributions
93
-
183
-
other
1 076
-
2 270
-
total
9 733
-
17 020
-
Corporate
37 102
78 000
-
-
income
10 389
21 840
-
-
surtax
-
-
-
-
total
10 389
21 840
-
-
Dividends
26 713
56 160
-
-
surtax
-
-
-
-
social contributions
4 595
9 660
-
-
withholding
3 419
7 189
-
-
total
8 014
16 849
-
-
Income
78 000
78 000
78 000
78 000
Total tax
35 268
38 689
34 058
33 889
After tax
42 732
39 311
43 942
44 111
Living cost
24 033
24 033
24 033
24 033
Free-cash
18 699
15 278
19 909
20 078

Estimated living cost  is ₴24033 per week

₴16265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55243
₴44893
₴42821
₴53570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 062
social contributions
-
-
-
17 160
total
-
-
-
20 222
Employee
15 997
-
67 533
-
income
-
-
3 293
-
social contributions
1 040
-
4 390
-
total
1 040
-
7 683
-
Employer
15 997
-
67 533
-
social contributions
2 480
-
10 467
-
total
2 480
-
10 467
-
Corporate
59 524
78 000
-
-
income
5 953
7 800
-
-
total
5 953
7 800
-
-
Dividends
53 571
70 200
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
9 473
7 800
18 150
20 222
After tax
68 527
70 200
59 850
57 778
Living cost
14 957
14 957
14 957
14 957
Free-cash
53 570
55 243
44 893
42 821

Estimated living cost  is ₴14957 per week

₴9671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30404
-₴30404
₴22598
-₴30404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
labour market
-
-
-
6 205
municipal
-
-
-
15 962
national
-
-
-
8 842
pensions
-
-
-
431
total
-
-
-
31 440
Employee
101 137
101 137
101 137
-
municipal
21 536
21 536
21 536
-
labour market
8 079
8 079
8 079
-
pensions
144
144
144
-
national
12 356
12 356
12 356
-
total
42 115
42 115
42 115
-
Employer
101 137
101 137
101 137
-
national
12 377
12 377
12 377
-
labour market
8 091
8 091
8 091
-
pensions
288
288
288
-
municipal
21 571
21 571
21 571
-
total
42 327
42 327
42 327
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 000
78 000
78 000
78 000
Total tax
84 442
84 442
84 442
31 440
After tax
-6 442
-6 442
-6 442
46 560
Living cost
23 962
23 962
23 962
23 962
Free-cash
-30 404
-30 404
-30 404
22 598

Estimated living cost  is ₴23962 per week

₴16400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4632
₴31032
₴42410
₴4638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 121
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
24 640
Employee
17 225
-
69 568
-
pensions
1 940
-
3 854
-
income
2 363
-
15 766
-
health
1 972
-
7 966
-
total
6 275
-
27 586
-
Employer
17 225
-
69 568
-
pensions
2 801
-
5 566
-
accident
288
-
1 162
-
unemployment
422
-
1 704
-
total
3 511
-
8 432
-
Corporate
57 264
78 000
-
-
income

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

51 538
70 200
-
-
total
51 538
70 200
-
-
Dividends
5 726
7 800
-
-
withholding
1 088
1 482
-
-
total
1 088
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
62 412
71 682
36 018
24 640
After tax
15 588
6 318
41 982
53 360
Living cost
10 950
10 950
10 950
10 950
Free-cash
4 638
-4 632
31 032
42 410

Estimated living cost  is ₴10950 per week

₴7970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30372
₴22427
₴32608
₴31391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
health
-
-
-
993
municipal
-
-
-
13 861
national
-
-
-
11 434
total
-
-
-
26 288
Employee
26 179
-
65 618
-
municipal
4 288
-
10 692
-
unemployment
393
-
984
-
pensions
1 767
-
4 430
-
national
432
-
7 178
-
health
195
-
803
-
total
7 075
-
24 087
-
Employer
26 179
-
65 618
-
health
201
-
505
-
pensions
4 542
-
11 385
-
accident
26
-
65
-
unemployment
170
-
427
-
total
4 939
-
12 382
-
Corporate
46 882
78 000
-
-
income
9 377
15 600
-
-
total
9 377
15 600
-
-
Dividends

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

28 129
46 800
-
-
municipal
5 063
8 424
-
-
national
1 051
4 500
-
-
total
6 114
12 924
-
-
Income
78 000
78 000
78 000
78 000
Total tax
27 505
28 524
36 469
26 288
After tax
50 495
49 476
41 531
51 712
Living cost
19 104
19 104
19 104
19 104
Free-cash
31 391
30 372
22 427
32 608

Estimated living cost  is ₴19104 per week

₴12478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45413
₴41564
₴42276
₴42705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
14 164
social contributions
-
-
-
8 051
health
-
-
-
1 989
total
-
-
-
24 204
Employee
38 262
38 262
72 378
-
social contributions
1 447
3 176
4 283
-
income
4 166
3 542
13 781
-
health
296
651
1 230
-
total
5 909
7 369
19 294
-
Employer
38 262
38 262
72 378
-
health
322
708
1 339
-
social contributions
1 447
3 176
4 283
-
total
1 769
3 884
5 622
-
Corporate
58 802
35 854
-
-
income
7 350
4 481
-
-
total
7 350
4 481
-
-
Dividends
51 452
31 373
-
-
withholding
8 747
5 333
-
-
total
8 747
5 333
-
-
Income
78 000
78 000
78 000
78 000
Total tax
23 775
21 067
24 916
24 204
After tax
54 225
56 933
53 084
53 796
Living cost
11 520
11 520
11 520
11 520
Free-cash
42 705
45 413
41 564
42 276

Estimated living cost  is ₴11520 per week

₴6904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56692
₴47283
₴57264
₴54158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 856
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 165
total
-
-
-
12 836
Employee

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

11 421
-
73 137
-
unemployment
57
-
236
-
pensions
1 713
-
7 082
-
income
781
-
6 623
-
health
971
-
4 013
-
total
3 522
-
17 954
-
Employer

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

11 421
-
73 137
-
health
491
-
2 030
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 863
-
Corporate
65 403
78 000
-
-
income
5 887
7 020
-
-
total
5 887
7 020
-
-
Dividends
59 517
70 980
-
-
withholding
5 357
6 388
-
-
total
5 357
6 388
-
-
Income
78 000
78 000
78 000
78 000
Total tax
15 942
13 408
22 817
12 836
After tax
62 058
64 592
55 183
65 164
Living cost
7 900
7 900
7 900
7 900
Free-cash
54 158
56 692
47 283
57 264

Estimated living cost  is ₴7900 per week

₴5040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38426
₴28111
₴30199
₴36198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
20 282
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
34 118
Employee
18 399
-
63 297
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 547
-
18 574
-
total
4 715
-
21 503
-
Employer
18 399
-
63 297
-
pensions
4 342
-
10 885
-
accident
364
-
913
-
unemployment
1 012
-
2 536
-
other
147
-
369
-
total
5 865
-
14 703
-
Corporate
53 736
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.

8 060
11 700
-
-
total
8 060
11 700
-
-
Dividends
45 675
66 300
-
-
withholding
9 479
14 191
-
-
total
9 479
14 191
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 119
25 891
36 206
34 118
After tax
49 881
52 109
41 794
43 882
Living cost
13 683
13 683
13 683
13 683
Free-cash
36 198
38 426
28 111
30 199

Estimated living cost  is ₴13683 per week

₴9236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47662
₴49024
₴49097
₴47497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 622
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
27 893
Employee
1 538
-
77 171
-
unemployment
15
-
37
-
pensions
138
-
332
-
income
298
-
26 584
-
health
77
-
184
-
total
528
-
27 137
-
Employer
1 538
-
77 171
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
76 116
78 000
-
-
income
16 745
17 160
-
-
total
16 745
17 160
-
-
Dividends
59 370
60 840
-
-
withholding
11 874
12 168
-
-
total
11 874
12 168
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 493
29 328
27 966
27 893
After tax
48 507
48 672
50 034
50 107
Living cost
1 010
1 010
1 010
1 010
Free-cash
47 497
47 662
49 024
49 097

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47747
₴38067
₴38066
₴45300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 421
unemployment
-
-
-
552
health
-
-
-
3 789
pensions
-
-
-
9 564
total
-
-
-
31 326
Employee

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

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

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

12 980
-
71 416
-
unemployment
97
-
276
-
pensions
1 817
-
5 150
-
income
1 789
-
17 421
-
health
668
-
1 894
-
total
4 371
-
24 741
-
Employer

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

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

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

12 980
-
71 416
-
health
668
-
1 894
-
pensions
1 558
-
4 414
-
unemployment
97
-
276
-
total
2 323
-
6 584
-
Corporate
62 697
78 000
-
-
income
9 404
11 700
-
-
total
9 404
11 700
-
-
Dividends
53 292
66 300
-
-
withholding
7 994
9 945
-
-
total
7 994
9 945
-
-
Income
78 000
78 000
78 000
78 000
Total tax
24 092
21 645
31 325
31 326
After tax
53 908
56 355
46 675
46 674
Living cost
8 608
8 608
8 608
8 608
Free-cash
45 300
47 747
38 067
38 066

Estimated living cost  is ₴8608 per week

₴5796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
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.
₴1897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30951
₴23064
₴28704
₴30771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
8 776
surtax
-
-
-
-
social contributions

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

-
-
-
27 105
total
-
-
-
35 881
Employee
19 312
-
63 031
-
surtax
-
-
-
-
social contributions
2 125
-
6 934
-
income
3 774
-
19 618
-
total
5 899
-
26 552
-
Employer
19 312
-
63 031
-
social contributions
4 586
-
14 969
-
total
4 586
-
14 969
-
Corporate
54 101
78 000
-
-
income
11 361
16 380
-
-
surtax
-
-
-
-
total
11 361
16 380
-
-
Dividends
42 740
61 620
-
-
withholding
11 968
17 254
-
-
total
11 968
17 254
-
-
Income
78 000
78 000
78 000
78 000
Total tax
33 814
33 634
41 521
35 881
After tax
44 186
44 366
36 479
42 119
Living cost
13 415
13 415
13 415
13 415
Free-cash
30 771
30 951
23 064
28 704

Estimated living cost  is ₴13415 per week

₴9501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34622
₴24307
₴26395
₴31208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
20 282
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
34 118
Employee
24 031
-
63 297
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 129
-
2 168
-
income
5 019
-
18 574
-
total
6 544
-
21 503
-
Employer
24 031
-
63 297
-
pensions
5 671
-
10 885
-
accident
476
-
913
-
unemployment
1 322
-
2 536
-
other
193
-
369
-
total
7 662
-
14 703
-
Corporate
46 307
78 000
-
-
income

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

6 946
11 700
-
-
total
6 946
11 700
-
-
Dividends
39 361
66 300
-
-
withholding
8 153
14 191
-
-
total
8 153
14 191
-
-
Income
78 000
78 000
78 000
78 000
Total tax
29 305
25 891
36 206
34 118
After tax
48 695
52 109
41 794
43 882
Living cost
17 487
17 487
17 487
17 487
Free-cash
31 208
34 622
24 307
26 395

Estimated living cost  is ₴17487 per week

₴12559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58134
₴56061
₴53106
₴55102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
11 700
unemployment
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
16 338
Employee
11 330
-
74 591
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 133
-
7 459
-
health
521
-
799
-
total
2 774
-
9 975
-
Employer
11 330
-
74 591
-
health
782
-
1 199
-
pensions

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

1 248
-
1 914
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 223
-
3 408
-
Corporate
64 447
78 000
-
-
income
6 445
7 800
-
-
total
6 445
7 800
-
-
Dividends
58 003
70 200
-
-
withholding
2 900
3 510
-
-
total
2 900
3 510
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 342
11 310
13 383
16 338
After tax
63 658
66 690
64 617
61 662
Living cost
8 556
8 556
8 556
8 556
Free-cash
55 102
58 134
56 061
53 106

Estimated living cost  is ₴8556 per week

₴5659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20948
₴31083
₴23210
₴27457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income

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

-
-
-
23 041
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.

-
-
-
1 267
health

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

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

-
-
-
3 399
trade
-
-
-
7 873
total
-
-
-
35 580
Employee

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

24 758
-
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.

112
-
1 267
-
income

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

2 036
-
23 041
-
health

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

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

3 399
-
3 399
-
total
5 547
-
27 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 242
78 000
-
-
income
7 987
11 700
-
-
surtax

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

439
644
-
-
chamber of commerce
154
190
-
-
trade
7 640
11 193
-
-
total
16 220
23 727
-
-
Dividends
37 022
54 273
-
-
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.

499
736
-
-
withholding
9 067
13 379
-
-
total
9 566
14 115
-
-
Income
78 000
78 000
78 000
78 000
Total tax
31 333
37 842
27 707
35 580
After tax
46 667
40 158
50 293
42 420
Living cost
19 210
19 210
19 210
19 210
Free-cash
27 457
20 948
31 083
23 210

Estimated living cost  is ₴19210 per week

₴13252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26255
₴13890
₴13890
₴27354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 976
social contributions
-
-
-
12 789
total
-
-
-
35 765
Employee
38 922
-
78 000
-
income
7 344
-
22 976
-
social contributions
3 234
-
12 789
-
total
10 578
-
35 765
-
Employer
38 922
-
78 000
-
total
-
-
-
-
Corporate
39 078
78 000
-
-
income
4 885
9 750
-
-
total
4 885
9 750
-
-
Dividends
34 193
68 250
-
-
withholding
6 838
13 650
-
-
total
6 838
13 650
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 301
23 400
35 765
35 765
After tax
55 699
54 600
42 235
42 235
Living cost
28 345
28 345
28 345
28 345
Free-cash
27 354
26 255
13 890
13 890

Estimated living cost  is ₴28345 per week

₴21564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30009
₴37986
₴42752
₴31748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
78 000
income
-
-
-
14 164
health

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

-
-
-
3 022
total
-
-
-
17 186
Employee
22 826
-
75 711
-
income
2 477
-
17 374
-
social contributions
2 287
-
2 289
-
total
4 764
-
19 663
-
Employer
22 826
-
75 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
52 887
78 000
-
-
income
18 510
27 300
-
-
total
18 510
27 300
-
-
Dividends
34 376
50 700
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
78 000
78 000
78 000
78 000
Total tax
28 190
29 929
21 952
17 186
After tax
49 810
48 071
56 048
60 814
Living cost
18 062
18 062
18 062
18 062
Free-cash
31 748
30 009
37 986
42 752

Estimated living cost  is ₴18062 per week

₴11898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33610
₴26846
₴33960
₴36559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
income
-
-
-
21 262
pensions
-
-
-
4 285
total
-
-
-
25 547
Employee
25 384
-
68 227
-
pensions
1 937
-
5 342
-
income
4 623
-
16 520
-
health
331
-
1 026
-
total
6 891
-
22 888
-
Employer
25 384
-
68 227
-
health
482
-
1 296
-
pensions
2 565
-
8 477
-
total
3 047
-
9 773
-
Corporate
49 569
78 000
-
-
income

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

9 419
14 820
-
-
total
9 419
14 820
-
-
Dividends
40 150
63 180
-
-
withholding
3 591
11 077
-
-
total
3 591
11 077
-
-
Income
78 000
78 000
78 000
78 000
Total tax
22 948
25 897
32 661
25 547
After tax
55 052
52 103
45 339
52 453
Living cost
18 493
18 493
18 493
18 493
Free-cash
36 559
33 610
26 846
33 960

Estimated living cost  is ₴18493 per week

₴12686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5716
₴29948
₴41326
₴4472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 121
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
24 640
Employee
18 930
-
69 568
-
pensions
2 132
-
3 854
-
income
2 597
-
15 766
-
health
2 167
-
7 966
-
total
6 896
-
27 586
-
Employer
18 930
-
69 568
-
pensions
3 078
-
5 566
-
accident
316
-
1 162
-
unemployment
464
-
1 704
-
total
3 858
-
8 432
-
Corporate
55 212
78 000
-
-
income

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

49 691
70 200
-
-
total
49 691
70 200
-
-
Dividends
5 521
7 800
-
-
withholding
1 049
1 482
-
-
total
1 049
1 482
-
-
Income
78 000
78 000
78 000
78 000
Total tax
61 494
71 682
36 018
24 640
After tax
16 506
6 318
41 982
53 360
Living cost
12 034
12 034
12 034
12 034
Free-cash
4 472
-5 716
29 948
41 326

Estimated living cost  is ₴12034 per week

₴8832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58914
₴47618
₴37113
₴56585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 000
income
-
-
-
12 714
unemployment
-
-
-
936
work injury
-
-
-
390
health insurance
-
-
-
5 772
pensions
-
-
-
14 352
total
-
-
-
34 164
Employee

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

10 757
-
78 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 323
-
income
1 076
-
12 714
-
total
4 034
-
23 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 243
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%.

672
780
-
-
total
672
780
-
-
Dividends
66 571
77 220
-
-
withholding
9 986
11 583
-
-
total
9 986
11 583
-
-
Income
78 000
78 000
78 000
78 000
Total tax
14 692
12 363
23 659
34 164
After tax
63 308
65 637
54 341
43 836
Living cost
6 723
6 723
6 723
6 723
Free-cash
56 585
58 914
47 618
37 113

Estimated living cost  is ₴6723 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21262
₴13667
₴17096
₴18999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 000
social contributions
-
-
-
20 062
regional
-
-
-
1 776
municipal
-
-
-
521
national
-
-
-
18 722
total
-
-
-
41 081
Employee
41 930
-
78 000
-
municipal
250
-
466
-
national
7 086
-
16 170
-
regional
633
-
1 573
-
social contributions
14 138
-
26 301
-
total
22 107
-
44 510
-
Employer
41 930
-
78 000
-
total
-
-
-
-
Corporate
36 070
78 000
-
-
municipal
1 738
3 760
-
-
nationa
8 657
18 720
-
-
total
10 395
22 480
-
-
Dividends
25 675
55 520
-
-
withholding
6 676
14 435
-
-
total
6 676
14 435
-
-
Income
78 000
78 000
78 000
78 000
Total tax
39 178
36 915
44 510
41 081
After tax
38 822
41 085
33 490
36 919
Living cost
19 823
19 823
19 823
19 823
Free-cash
18 999
21 262
13 667
17 096

Estimated living cost  is ₴19823 per week

₴13924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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