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
₴ 79000
per

Your estimated
City
free-cash

Dresden , Germany
₴30205
₴24651
₴35703
₴26938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
trade
-
-
-
8 765
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.

-
-
-
23 373
health

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

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

-
-
-
3 430
surtax

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

-
-
-
1 285
total
-
-
-
36 853
Employee

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

19 205
-
79 000
-
surtax

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

30
-
1 285
-
health

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

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

3 430
-
3 430
-
income

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

536
-
23 373
-
total
3 996
-
28 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 795
79 000
-
-
trade
9 418
12 442
-
-
income
8 969
11 850
-
-
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.

494
652
-
-
chamber of commerce
162
190
-
-
total
19 043
25 134
-
-
Dividends
40 752
53 867
-
-
withholding
9 997
13 276
-
-
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.

550
730
-
-
total
10 547
14 006
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 586
39 140
28 088
36 853
After tax
45 414
39 860
50 912
42 147
Living cost
15 209
15 209
15 209
15 209
Free-cash
30 205
24 651
35 703
26 938

Estimated living cost  is ₴15209 per week

₴9567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴23222
₴23647
₴21758
₴21139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
849
pensions
-
-
-
9 480
municipal
-
-
-
8 583
national
-
-
-
13 300
total
-
-
-
32 212
Employee
39 761
-
68 295
-
national
7 610
-
13 774
-
municipal
4 911
-
8 889
-
pensions
1 590
-
2 732
-
total
14 111
-
25 395
-
Employer
39 761
-
68 295
-
pensions
3 181
-
5 464
-
social contributions
427
-
734
-
total
3 608
-
6 198
-
Corporate
33 006
79 000
-
-
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%.

6 601
15 800
-
-
total
6 601
15 800
-
-
Dividends
26 405
63 200
-
-
withholding
5 809
13 904
-
-
total
5 809
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 129
29 704
31 593
32 212
After tax
48 871
49 296
47 407
46 788
Living cost
25 649
25 649
25 649
25 649
Free-cash
23 222
23 647
21 758
21 139

Estimated living cost  is ₴25649 per week

₴17434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴48636
₴52754
₴37224
₴15998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
social contributions

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

-
-
-
19 238
income
-
-
-
13 173
microenterprise
-
-
-
-
surtax
-
-
-
20 145
total
-
-
-
52 556
Employee
14 672
-
57 416
-
surtax
-
-
-
-
social contributions

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

1 614
-
6 316
-
income
2 612
-
11 182
-
total
4 226
-
17 498
-
Employer
14 672
-
57 416
-
social contributions

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

3 534
-
13 832
-
surtax
-
-
-
-
total
3 534
-
13 832
-
Corporate
60 794
79 000
-
-
income

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

12 158
15 800
-
-
total
12 158
15 800
-
-
Dividends

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

48 635
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 918
15 800
31 330
52 556
After tax
59 082
63 200
47 670
26 444
Living cost
10 446
10 446
10 446
10 446
Free-cash
48 636
52 754
37 224
15 998

Estimated living cost  is ₴10446 per week

₴6664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴14860
₴17937
₴27298
₴23237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
22 654
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
34 729
Employee
42 878
42 878
69 669
-
health
6 581
5 598
6 192
-
pensions
7 718
5 883
5 883
-
income

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

7 019
7 019
9 262
-
total
21 318
18 500
21 337
-
Employer
42 878
42 878
69 669
-
pensions
2 984
2 984
3 709
-
unemployment
1 544
1 544
1 918
-
health
2 981
2 981
3 704
-
total
7 509
7 509
9 331
-
Corporate
29 139
28 613
-
-
income
5 828
5 723
-
-
total
5 828
5 723
-
-
Dividends
23 311
22 890
-
-
withholding
3 497
3 433
-
-
income
4 954
4 864
-
-
total
8 451
8 297
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 106
40 029
30 668
34 729
After tax
35 894
38 971
48 332
44 271
Living cost
21 034
21 034
21 034
21 034
Free-cash
14 860
17 937
27 298
23 237

Estimated living cost  is ₴21034 per week

₴14906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴21915
₴22381
₴20088
₴20590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
5 285
unemployment
-
-
-
46
pensions
-
-
-
4 917
municipal
-
-
-
19 629
accident
-
-
-
91
national
-
-
-
4 851
health
-
-
-
2 838
total
-
-
-
37 657
Employee
29 571
-
64 709
-
national
-
-
4 572
-
municipal
8 818
-
19 296
-
total
8 818
-
23 868
-
Employer
29 571
-
64 709
-
other
3 436
-
5 285
-
accident
59
-
91
-
pensions
3 197
-
4 917
-
unemployment
781
-
1 201
-
health
1 819
-
2 797
-
total
9 292
-
14 291
-
Corporate
40 138
79 000
-
-
income
8 830
17 380
-
-
total
8 830
17 380
-
-
Dividends
31 308
61 620
-
-
withholding
9 392
18 486
-
-
total
9 392
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 332
35 866
38 159
37 657
After tax
42 668
43 134
40 841
41 343
Living cost
20 753
20 753
20 753
20 753
Free-cash
21 915
22 381
20 088
20 590

Estimated living cost  is ₴20753 per week

₴13754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴26784
₴19729
₴31187
₴22032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
trade
-
-
-
9 155
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.

-
-
-
23 373
health

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

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

-
-
-
3 430
surtax

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

-
-
-
1 285
total
-
-
-
37 243
Employee

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

25 463
-
79 000
-
surtax

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

120
-
1 285
-
health

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

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

3 430
-
3 430
-
income

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

2 188
-
23 373
-
total
5 738
-
28 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 537
79 000
-
-
trade
8 807
12 995
-
-
income
8 031
11 850
-
-
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.

442
652
-
-
chamber of commerce
152
189
-
-
total
17 432
25 686
-
-
Dividends
36 104
53 315
-
-
withholding
8 835
13 138
-
-
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
722
-
-
total
9 321
13 860
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 491
39 546
28 088
37 243
After tax
46 509
39 454
50 912
41 757
Living cost
19 725
19 725
19 725
19 725
Free-cash
26 784
19 729
31 187
22 032

Estimated living cost  is ₴19725 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴39295
₴41376
₴37463
₴38184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
8 124
income
-
-
-
14 392
health
-
-
-
2 014
total
-
-
-
24 530
Employee
38 610
38 610
73 321
-
health
384
657
1 246
-
social contributions
1 876
3 204
4 322
-
income
4 054
3 574
14 004
-
total
6 314
7 435
19 572
-
Employer
38 610
38 610
73 321
-
social contributions
1 876
3 204
4 322
-
health
418
715
1 357
-
total
2 294
3 919
5 679
-
Corporate
54 105
36 471
-
-
income
6 763
4 558
-
-
total
6 763
4 558
-
-
Dividends
47 342
31 912
-
-
withholding
8 048
5 426
-
-
total
8 048
5 426
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 419
21 338
25 251
24 530
After tax
55 581
57 662
53 749
54 470
Living cost
16 286
16 286
16 286
16 286
Free-cash
39 295
41 376
37 463
38 184

Estimated living cost  is ₴16286 per week

₴11133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴35271
₴35077
₴36471
₴45402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
unemployment
-
-
-
1 185
income
-
-
-
9 658
pensions
-
-
-
7 900
health
-
-
-
5 530
total
-
-
-
24 273
Employee

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

The minimum wage is 138,000 HUF per month.

13 461
5 357
66 109
-
unemployment
202
80
992
-
health
942
375
4 628
-
pensions
1 346
536
6 611
-
income
1 646
655
8 082
-
total
4 136
1 646
20 313
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 461
5 357
66 109
-
pensions
2 625
1 045
12 891
-
total
2 625
1 045
12 891
-
Corporate
62 914
72 598
-
-
income
5 662
6 534
-
-
total
5 662
6 534
-
-
Dividends
57 251
66 064
-
-
withholding
10 878
12 552
-
-
social contributions
11 103
12 821
-
-
total
21 981
25 373
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 404
34 598
33 204
24 273
After tax
44 596
44 402
45 796
54 727
Living cost
9 325
9 325
9 325
9 325
Free-cash
35 271
35 077
36 471
45 402

Estimated living cost  is ₴9325 per week

₴6364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴47953
₴51072
₴33406
₴30217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
10 586
pensions
-
-
-
15 799
health
-
-
-
10 270
total
-
-
-
36 655
Employee
14 244
-
59 043
-
unemployment
228
-
944
-
pensions
285
-
1 181
-
income
1 604
-
11 384
-
total
2 117
-
13 509
-
Employer
14 244
-
59 043
-
pensions
2 849
-
11 809
-
unemployment
114
-
473
-
health
1 851
-
7 675
-
total
4 814
-
19 957
-
Corporate
59 941
79 000
-
-
income
11 988
15 800
-
-
total
11 988
15 800
-
-
Dividends
47 953
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 919
15 800
33 466
36 655
After tax
60 081
63 200
45 534
42 345
Living cost
12 128
12 128
12 128
12 128
Free-cash
47 953
51 072
33 406
30 217

Estimated living cost  is ₴12128 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴4671
-₴4859
₴31262
₴42787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
190
income
-
-
-
21 391
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 955
Employee
17 710
-
70 459
-
health
2 028
-
8 068
-
pensions
1 994
-
3 904
-
income
2 430
-
15 967
-
total
6 452
-
27 939
-
Employer
17 710
-
70 459
-
accident
296
-
1 177
-
pensions
2 880
-
5 638
-
unemployment
434
-
1 726
-
total
3 610
-
8 541
-
Corporate
57 681
79 000
-
-
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.

51 913
71 100
-
-
total
51 913
71 100
-
-
Dividends
5 768
7 900
-
-
withholding
1 096
1 501
-
-
total
1 096
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 071
72 601
36 480
24 955
After tax
15 929
6 399
42 520
54 045
Living cost
11 258
11 258
11 258
11 258
Free-cash
4 671
-4 859
31 262
42 787

Estimated living cost  is ₴11258 per week

₴8251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴70203
₴70968
₴59118
₴74128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
79 000
microenterprise

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

-
-
-
790
total
-
-
-
790
Employee
5 103
-
79 000
-
income
1 020
-
15 800
-
total
1 020
-
15 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

73 897
79 000
-
-
total
-
-
-
-
Dividends
73 897
79 000
-
-
withholding
3 695
3 950
-
-
total
3 695
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 715
3 950
15 800
790
After tax
74 285
75 050
63 200
78 210
Living cost
4 082
4 082
4 082
4 082
Free-cash
70 203
70 968
59 118
74 128

Estimated living cost  is ₴4082 per week

₴2530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴41272
₴44662
₴31622
₴29012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
3 627
income
-
-
-
11 297
pensions

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

-
-
-
18 325
health
-
-
-
3 360
total
-
-
-
36 609
Employee
18 231
-
63 099
-
unemployment
182
-
631
-
health
255
-
883
-
pensions

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

1 276
-
4 417
-
income
3 139
-
12 167
-
total
4 852
-
18 098
-
Employer
18 231
-
63 099
-
other
912
-
3 155
-
accident
146
-
505
-
pensions

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

3 100
-
10 727
-
unemployment
182
-
631
-
health
255
-
883
-
total
4 595
-
15 901
-
Corporate
56 174
79 000
-
-
income
11 796
16 590
-
-
total
11 796
16 590
-
-
Dividends
44 378
62 410
-
-
withholding
3 106
4 369
-
-
total
3 106
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 349
20 959
33 999
36 609
After tax
54 651
58 041
45 001
42 391
Living cost
13 379
13 379
13 379
13 379
Free-cash
41 272
44 662
31 622
29 012

Estimated living cost  is ₴13379 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴19482
₴19607
₴12833
₴20027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 753
pensions
-
-
-
4 277
total
-
-
-
26 030
Employee
46 610
-
69 083
-
health
768
-
1 032
-
pensions
4 497
-
5 317
-
income
8 402
-
16 957
-
total
13 667
-
23 306
-
Employer
46 610
-
69 083
-
pensions
5 503
-
8 605
-
health
885
-
1 313
-
total
6 388
-
9 918
-
Corporate
26 001
79 000
-
-
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.

4 940
15 010
-
-
total
4 940
15 010
-
-
Dividends
21 061
63 990
-
-
withholding
1 580
11 440
-
-
total
1 580
11 440
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 575
26 450
33 224
26 030
After tax
52 425
52 550
45 776
52 970
Living cost
32 943
32 943
32 943
32 943
Free-cash
19 482
19 607
12 833
20 027

Estimated living cost  is ₴32943 per week

₴24685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴58636
₴60967
₴58890
₴55893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
unemployment
-
-
-
70
income
-
-
-
11 850
pensions

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

-
-
-
2 594
health
-
-
-
2 015
total
-
-
-
16 529
Employee
8 710
-
75 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
806
-
pensions

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

765
-
1 539
-
income
871
-
7 556
-
total
2 133
-
10 094
-
Employer
8 710
-
75 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

960
-
1 931
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 709
-
3 438
-
Corporate
68 581
79 000
-
-
income
6 858
7 900
-
-
total
6 858
7 900
-
-
Dividends
61 723
71 100
-
-
withholding
3 086
3 555
-
-
total
3 086
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 786
11 455
13 532
16 529
After tax
65 214
67 545
65 468
62 471
Living cost
6 578
6 578
6 578
6 578
Free-cash
58 636
60 967
58 890
55 893

Estimated living cost  is ₴6578 per week

₴3840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12389
₴11128
₴20489
₴16428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
22 654
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
34 729
Employee
46 552
42 878
69 669
-
health
5 808
5 598
6 192
-
pensions
5 883
5 883
5 883
-
income

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

7 019
7 019
9 262
-
total
18 710
18 500
21 337
-
Employer
46 552
42 878
69 669
-
pensions
3 240
2 984
3 709
-
unemployment
1 676
1 544
1 918
-
health
3 235
2 981
3 704
-
total
8 151
7 509
9 331
-
Corporate
24 297
28 613
-
-
income
4 860
5 723
-
-
total
4 860
5 723
-
-
Dividends
19 437
22 890
-
-
withholding
2 916
3 433
-
-
income
4 131
4 864
-
-
total
7 047
8 297
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 768
40 029
30 668
34 729
After tax
40 232
38 971
48 332
44 271
Living cost
27 843
27 843
27 843
27 843
Free-cash
12 389
11 128
20 489
16 428

Estimated living cost  is ₴27843 per week

₴20539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴37431
₴41891
₴27588
₴30293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
17 989
income
-
-
-
7 552
health
-
-
-
10 665
solidarity contribution
-
-
-
-
total
-
-
-
36 206
Employee
18 384
-
58 955
-
solidarity contribution
-
-
-
-
health
2 482
-
7 959
-
social contributions
1 195
-
3 832
-
income
2 206
-
7 075
-
total
5 883
-
18 866
-
Employer
18 384
-
58 955
-
social contributions
4 596
-
14 739
-
health
1 655
-
5 306
-
total
6 251
-
20 045
-
Corporate
54 365
79 000
-
-
income
10 329
15 010
-
-
total
10 329
15 010
-
-
Dividends
44 036
63 990
-
-
withholding
6 605
9 598
-
-
total
6 605
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 068
24 608
38 911
36 206
After tax
49 932
54 392
40 089
42 794
Living cost
12 501
12 501
12 501
12 501
Free-cash
37 431
41 891
27 588
30 293

Estimated living cost  is ₴12501 per week

₴8683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴18342
₴20963
₴13550
₴17120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
923
social contributions
-
-
-
20 319
municipal
-
-
-
470
national
-
-
-
18 981
total
-
-
-
40 693
Employee
44 625
-
79 000
-
national
7 732
-
16 391
-
regional
421
-
814
-
municipal
236
-
419
-
social contributions
15 047
-
26 639
-
total
23 436
-
44 263
-
Employer
44 625
-
79 000
-
total
-
-
-
-
Corporate
34 375
79 000
-
-
nationa
8 250
18 960
-
-
municipal
1 341
3 081
-
-
total
9 591
22 041
-
-
Dividends
24 785
56 960
-
-
withholding
6 444
14 809
-
-
total
6 444
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 471
36 850
44 263
40 693
After tax
39 529
42 150
34 737
38 307
Living cost
21 187
21 187
21 187
21 187
Free-cash
18 342
20 963
13 550
17 120

Estimated living cost  is ₴21187 per week

₴14769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴37049
₴38611
₴23549
₴26410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
20 275
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
2 960
total
-
-
-
41 510
Employee
16 605
-
65 263
-
surtax
54
-
2 508
-
unemployment
1 156
-
4 542
-
other
-
-
-
-
health
424
-
1 665
-
pensions
1 107
-
4 353
-
income
2 783
-
17 565
-
total
5 524
-
30 633
-
Employer
16 605
-
65 263
-
other
-
-
-
-
pensions
2 213
-
8 700
-
unemployment
526
-
2 069
-
health
756
-
2 969
-
total
3 495
-
13 738
-
Corporate
58 900
79 000
-
-
income
15 314
20 540
-
-
total
15 314
20 540
-
-
Dividends
43 586
58 460
-
-
withholding
6 538
8 769
-
-
total
6 538
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 871
29 309
44 371
41 510
After tax
48 129
49 691
34 629
37 490
Living cost
11 080
11 080
11 080
11 080
Free-cash
37 049
38 611
23 549
26 410

Estimated living cost  is ₴11080 per week

₴6775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴32810
₴30044
₴23270
₴30464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 753
pensions
-
-
-
4 277
total
-
-
-
26 030
Employee
31 237
-
69 083
-
health
453
-
1 032
-
pensions
2 651
-
5 317
-
income
5 626
-
16 957
-
total
8 730
-
23 306
-
Employer
31 237
-
69 083
-
pensions
3 381
-
8 605
-
health
593
-
1 313
-
total
3 974
-
9 918
-
Corporate
43 788
79 000
-
-
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.

8 320
15 010
-
-
total
8 320
15 010
-
-
Dividends
35 469
63 990
-
-
withholding
2 660
11 440
-
-
total
2 660
11 440
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 684
26 450
33 224
26 030
After tax
55 316
52 550
45 776
52 970
Living cost
22 506
22 506
22 506
22 506
Free-cash
32 810
30 044
23 270
30 464

Estimated living cost  is ₴22506 per week

₴16861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
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.
₴3722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13423
-₴3557
₴21033
₴24872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
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.

-
-
-
1 580
city
-
-
-
833
regional
-
-
-
3 587
pensions
-
-
-
7 268
national
-
-
-
1 001
health
-
-
-
177
total
-
-
-
14 446
Employee
46 438
-
70 709
-
national
220
-
819
-
unemployment
-
-
-
-
city
498
-
759
-
regional
1 521
-
3 094
-
health
105
-
159
-
pensions
3 901
-
5 940
-
total
6 245
-
10 771
-
Employer
46 438
-
70 709
-
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.

928
-
1 415
-
pensions
3 901
-
5 940
-
unemployment
-
-
-
-
health
105
-
159
-
total
4 934
-
7 514
-
Corporate
27 116
79 000
-
-
regional
5 735
16 709
-
-
national
2 304
6 715
-
-
total
8 039
23 424
-
-
Dividends
19 077
55 576
-
-
withholding
6 677
19 451
-
-
total
6 677
19 451
-
-
Income
79 000
79 000
79 000
79 000
Total tax
25 895
42 875
18 285
14 446
After tax
53 105
36 125
60 715
64 554
Living cost
39 682
39 682
39 682
39 682
Free-cash
13 423
-3 557
21 033
24 872

Estimated living cost  is ₴39682 per week

₴25805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24189
₴16044
₴27910
₴18365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
trade
-
-
-
9 545
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.

-
-
-
23 373
health

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

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

-
-
-
3 430
surtax

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

-
-
-
1 285
total
-
-
-
37 633
Employee

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

30 176
-
79 000
-
surtax

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

195
-
1 285
-
health

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

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

3 430
-
3 430
-
income

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

3 548
-
23 373
-
total
7 173
-
28 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 824
79 000
-
-
trade
8 374
13 549
-
-
income
7 324
11 850
-
-
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.

403
652
-
-
chamber of commerce
145
188
-
-
total
16 246
26 239
-
-
Dividends
32 579
52 762
-
-
withholding
7 953
13 000
-
-
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.

437
715
-
-
total
8 390
13 715
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 809
39 954
28 088
37 633
After tax
47 191
39 046
50 912
41 367
Living cost
23 002
23 002
23 002
23 002
Free-cash
24 189
16 044
27 910
18 365

Estimated living cost  is ₴23002 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴25603
₴22637
₴27291
₴27492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 596
pensions
-
-
-
14 987
health
-
-
-
3 046
surtax
-
-
-
-
total
-
-
-
34 329
Employee
21 490
-
61 743
-
surtax
-
-
-
-
pensions
2 430
-
4 043
-
social contributions
613
-
1 759
-
income
1 268
-
11 472
-
total
4 311
-
17 274
-
Employer
21 490
-
61 743
-
other
741
-
2 302
-
pensions
3 530
-
6 851
-
unemployment
870
-
2 500
-
social contributions
65
-
185
-
health
1 505
-
5 418
-
total
6 711
-
17 256
-
Corporate
50 799
79 000
-
-
income
14 224
22 120
-
-
surtax
-
-
-
-
total
14 224
22 120
-
-
Dividends
36 575
56 880
-
-
withholding
4 681
7 281
-
-
social contributions
6 291
9 783
-
-
surtax
-
-
-
-
total
10 972
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 218
39 184
34 530
34 329
After tax
42 782
39 816
44 470
44 671
Living cost
17 179
17 179
17 179
17 179
Free-cash
25 603
22 637
27 291
27 492

Estimated living cost  is ₴17179 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴27129
₴24339
₴28993
₴29194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 596
pensions
-
-
-
14 987
health
-
-
-
3 046
surtax
-
-
-
-
total
-
-
-
34 329
Employee
19 183
-
61 743
-
surtax
-
-
-
-
pensions
2 170
-
4 043
-
social contributions
547
-
1 759
-
income
989
-
11 472
-
total
3 706
-
17 274
-
Employer
19 183
-
61 743
-
other
662
-
2 302
-
pensions
3 152
-
6 851
-
unemployment
777
-
2 500
-
social contributions
57
-
185
-
health
1 343
-
5 418
-
total
5 991
-
17 256
-
Corporate
53 827
79 000
-
-
income
15 071
22 120
-
-
surtax
-
-
-
-
total
15 071
22 120
-
-
Dividends
38 756
56 880
-
-
withholding
4 961
7 281
-
-
social contributions
6 665
9 783
-
-
surtax
-
-
-
-
total
11 626
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 394
39 184
34 530
34 329
After tax
42 606
39 816
44 470
44 671
Living cost
15 477
15 477
15 477
15 477
Free-cash
27 129
24 339
28 993
29 194

Estimated living cost  is ₴15477 per week

₴8976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴37810
₴37549
₴38735
₴40087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
10 902
income
-
-
-
11 850
health
-
-
-
5 514
total
-
-
-
28 266
Employee
17 025
-
79 000
-
health
1 188
-
5 514
-
social contributions
2 350
-
10 902
-
income
2 840
-
13 202
-
total
6 378
-
29 618
-
Employer
17 025
-
79 000
-
total
-
-
-
-
Corporate
61 975
79 000
-
-
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%.

3 099
3 950
-
-
total
3 099
3 950
-
-
Dividends
58 877
75 050
-
-
health
4 110
5 239
-
-
withholding
8 831
11 258
-
-
social contributions
8 125
10 357
-
-
total
21 066
26 854
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 543
30 804
29 618
28 266
After tax
48 457
48 196
49 382
50 734
Living cost
10 647
10 647
10 647
10 647
Free-cash
37 810
37 549
38 735
40 087

Estimated living cost  is ₴10647 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴25329
₴26107
₴3016
₴22827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
chamber of commerce
-
-
-
316
unemployment
-
-
-
3 080
income
-
-
-
19 646
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
99
total
-
-
-
38 480
Employee
25 093
20 010
61 791
-
unemployment
753
600
1 760
-
other
251
200
587
-
health
971
775
2 270
-
pensions
2 570
2 049
6 007
-
income
2 857
1 476
15 488
-
total
7 402
5 100
26 112
-
Employer
25 093
20 010
61 791
-
payroll
753
600
1 853
-
other
1 192
950
2 908
-
accident
326
260
762
-
pensions
3 149
2 512
7 362
-
unemployment
753
600
1 760
-
chamber of commerce
100
80
247
-
surtax
99
99
99
-
health
948
757
2 217
-
total
7 320
5 858
17 208
-
Corporate
46 587
53 132
59 886
-
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.

11 647
13 283
14 971
-
total
11 647
13 283
14 971
-
Dividends
34 940
39 849
-
-
withholding
9 609
10 959
-
-
total
9 609
10 959
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 978
35 200
58 291
38 480
After tax
43 022
43 800
20 709
40 520
Living cost
17 693
17 693
17 693
17 693
Free-cash
25 329
26 107
3 016
22 827

Estimated living cost  is ₴17693 per week

₴11800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴18360
₴25894
₴10032
₴15982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
12 288
national
-
-
-
28 419
communal

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

-
-
-
4 003
total
-
-
-
44 710
Employee

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

35 916
-
61 187
-
national
11 042
-
21 658
-
unemployment

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

313
-
533
-
health

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

1 688
-
2 876
-
pensions

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

2 694
-
4 589
-
communal

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

1 873
-
3 191
-
total
17 610
-
32 847
-
Employer

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

35 916
-
61 187
-
accident

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

467
-
796
-
pensions

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

3 183
-
5 421
-
unemployment

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

524
-
894
-
surtax
4 073
-
6 939
-
health

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

2 209
-
3 763
-
total
10 456
-
17 813
-
Corporate
32 629
79 000
-
-
income
6 526
15 800
-
-
surtax
131
316
-
-
total
6 657
16 116
-
-
Dividends
25 972
62 883
-
-
withholding

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

7 609
18 682
-
-
total
7 609
18 682
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 332
34 798
50 660
44 710
After tax
36 668
44 202
28 340
34 290
Living cost
18 308
18 308
18 308
18 308
Free-cash
18 360
25 894
10 032
15 982

Estimated living cost  is ₴18308 per week

₴11793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴31028
₴34639
₴24200
₴26308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 597
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 559
Employee
24 994
-
64 163
-
unemployment
388
-
721
-
other
25
-
47
-
pensions
1 175
-
2 188
-
income
5 274
-
18 874
-
total
6 862
-
21 830
-
Employer
24 994
-
64 163
-
other
199
-
373
-
accident
495
-
921
-
pensions
5 898
-
10 984
-
unemployment
1 375
-
2 559
-
total
7 967
-
14 837
-
Corporate
46 039
79 000
-
-
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.

6 906
11 850
-
-
total
6 906
11 850
-
-
Dividends
39 133
67 150
-
-
withholding
8 104
14 378
-
-
total
8 104
14 378
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 839
26 228
36 667
34 559
After tax
49 161
52 772
42 333
44 441
Living cost
18 133
18 133
18 133
18 133
Free-cash
31 028
34 639
24 200
26 308

Estimated living cost  is ₴18133 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴13522
₴19480
₴15975
₴12831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 917
pensions
-
-
-
11 841
accident
-
-
-
666
communal
-
-
-
4 993
health
-
-
-
5 549
surtax
-
-
-
3 916
total
-
-
-
38 882
Employee
38 025
-
70 566
-
surtax
2 331
-
4 325
-
health
1 692
-
3 141
-
pensions
3 042
-
5 646
-
income
3 673
-
14 191
-
total
10 738
-
27 303
-
Employer
38 025
-
70 566
-
accident
342
-
636
-
pensions
3 042
-
5 646
-
health
1 160
-
2 153
-
total
4 544
-
8 435
-
Corporate
36 432
79 000
-
-
income
5 465
11 850
-
-
communal
2 459
5 332
-
-
surtax
382
830
-
-
total
8 306
18 012
-
-
Dividends
28 126
60 988
-
-
withholding
4 219
9 148
-
-
income
10 384
5 073
-
-
total
14 603
14 221
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 191
32 233
35 738
38 882
After tax
40 809
46 767
43 262
40 118
Living cost
27 287
27 287
27 287
27 287
Free-cash
13 522
19 480
15 975
12 831

Estimated living cost  is ₴27287 per week

₴20469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴36816
₴38413
₴23351
₴26212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
20 275
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
2 960
total
-
-
-
41 510
Employee
16 909
-
65 263
-
surtax
60
-
2 508
-
unemployment
1 177
-
4 542
-
other
-
-
-
-
health
432
-
1 665
-
pensions
1 128
-
4 353
-
income
2 835
-
17 565
-
total
5 632
-
30 633
-
Employer
16 909
-
65 263
-
other
-
-
-
-
pensions
2 254
-
8 700
-
unemployment
536
-
2 069
-
health
769
-
2 969
-
total
3 559
-
13 738
-
Corporate
58 531
79 000
-
-
income
15 218
20 540
-
-
total
15 218
20 540
-
-
Dividends
43 313
58 460
-
-
withholding
6 497
8 769
-
-
total
6 497
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 906
29 309
44 371
41 510
After tax
48 094
49 691
34 629
37 490
Living cost
11 278
11 278
11 278
11 278
Free-cash
36 816
38 413
23 351
26 212

Estimated living cost  is ₴11278 per week

₴6809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴26882
₴27998
₴20962
₴24512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
1 192
social contributions
-
-
-
20 319
municipal
-
-
-
470
national
-
-
-
18 981
total
-
-
-
40 962
Employee
27 853
-
79 000
-
national
4 413
-
16 391
-
regional
375
-
1 063
-
municipal
148
-
419
-
social contributions
9 392
-
26 639
-
total
14 328
-
44 512
-
Employer
27 853
-
79 000
-
total
-
-
-
-
Corporate
51 147
79 000
-
-
nationa
12 276
18 960
-
-
municipal
2 542
3 927
-
-
total
14 818
22 887
-
-
Dividends
36 329
56 113
-
-
withholding
9 446
14 589
-
-
total
9 446
14 589
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 592
37 476
44 512
40 962
After tax
40 408
41 524
34 488
38 038
Living cost
13 526
13 526
13 526
13 526
Free-cash
26 882
27 998
20 962
24 512

Estimated living cost  is ₴13526 per week

₴8412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴33491
₴38987
₴24684
₴27389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
17 989
income
-
-
-
7 552
health
-
-
-
10 665
solidarity contribution
-
-
-
-
total
-
-
-
36 206
Employee
22 654
-
58 955
-
solidarity contribution
-
-
-
-
health
3 058
-
7 959
-
social contributions
1 473
-
3 832
-
income
2 718
-
7 075
-
total
7 249
-
18 866
-
Employer
22 654
-
58 955
-
social contributions
5 664
-
14 739
-
health
2 039
-
5 306
-
total
7 703
-
20 045
-
Corporate
48 644
79 000
-
-
income
9 242
15 010
-
-
total
9 242
15 010
-
-
Dividends
39 401
63 990
-
-
withholding
5 910
9 598
-
-
total
5 910
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 104
24 608
38 911
36 206
After tax
48 896
54 392
40 089
42 794
Living cost
15 405
15 405
15 405
15 405
Free-cash
33 491
38 987
24 684
27 389

Estimated living cost  is ₴15405 per week

₴11456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴27589
₴27835
₴4720
₴24600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
chamber of commerce
-
-
-
316
unemployment
-
-
-
3 080
income
-
-
-
19 646
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
-
total
-
-
-
38 381
Employee
21 949
20 010
61 883
-
unemployment
658
600
1 760
-
other
219
200
587
-
health
849
775
2 270
-
pensions
2 248
2 049
6 007
-
income
1 955
1 476
15 526
-
total
5 929
5 100
26 150
-
Employer
21 949
20 010
61 883
-
payroll
658
600
1 856
-
other
1 042
950
2 912
-
accident
285
260
762
-
pensions
2 755
2 512
7 362
-
unemployment
658
600
1 760
-
chamber of commerce
88
80
248
-
surtax
-
-
-
-
health
830
757
2 217
-
total
6 316
5 759
17 117
-
Corporate
50 735
53 231
59 977
-
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.

12 683
13 308
14 994
-
total
12 683
13 308
14 994
-
Dividends
38 051
39 923
-
-
withholding
10 464
10 979
-
-
total
10 464
10 979
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 392
35 146
58 261
38 381
After tax
43 608
43 854
20 739
40 619
Living cost
16 019
16 019
16 019
16 019
Free-cash
27 589
27 835
4 720
24 600

Estimated living cost  is ₴16019 per week

₴9610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴67495
₴68688
₴56838
₴71848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
79 000
microenterprise

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

-
-
-
790
total
-
-
-
790
Employee
7 952
-
79 000
-
income
1 591
-
15 800
-
total
1 591
-
15 800
-
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%.

71 048
79 000
-
-
total
-
-
-
-
Dividends
71 048
79 000
-
-
withholding
3 552
3 950
-
-
total
3 552
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 143
3 950
15 800
790
After tax
73 857
75 050
63 200
78 210
Living cost
6 362
6 362
6 362
6 362
Free-cash
67 495
68 688
56 838
71 848

Estimated living cost  is ₴6362 per week

₴4305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴36724
₴40924
₴23502
₴25597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
unemployment
-
-
-
118
income
-
-
-
17 617
pensions
-
-
-
14 427
health
-
-
-
7 773
total
-
-
-
39 935
Employee

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

22 204
-
68 357
-
unemployment
31
-
95
-
health
1 434
-
4 416
-
pensions
3 442
-
10 596
-
income
3 829
-
16 279
-
total
8 736
-
31 386
-
Employer

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

22 204
-
68 357
-
pensions
1 965
-
6 050
-
unemployment
13
-
41
-
health
1 479
-
4 553
-
total
3 457
-
10 644
-
Corporate
53 339
79 000
-
-
income
10 135
15 010
-
-
total
10 135
15 010
-
-
Dividends
43 205
63 990
-
-
withholding
6 480
9 598
-
-
total
6 480
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 808
24 608
42 030
39 935
After tax
50 192
54 392
36 970
39 065
Living cost
13 468
13 468
13 468
13 468
Free-cash
36 724
40 924
23 502
25 597

Estimated living cost  is ₴13468 per week

₴9243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴3069
₴26662
₴51072
₴33193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
9 006
income
-
-
-
15 399
total
-
-
-
24 405
Employee
30 688
-
-
-
social contributions
2 516
-
359
-
income
6 769
-
-
-
total
9 285
-
359
-
Employer
30 688
-
-
-
social contributions
43 269
-
6 167
-
total
43 269
-
6 167
-
Corporate
5 043
79 000
-
-
income
1 110
17 380
-
-
total
1 110
17 380
-
-
Dividends
3 934
61 620
-
-
income
865
13 556
-
-
total
865
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
54 529
30 936
6 526
24 405
After tax
24 471
48 064
72 474
54 595
Living cost
21 402
21 402
21 402
21 402
Free-cash
3 069
26 662
51 072
33 193

Estimated living cost  is ₴21402 per week

₴13886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴28680
₴29186
₴21174
₴26898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
social contributions

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

-
-
-
27 453
income
-
-
-
8 899
surtax
-
-
-
-
total
-
-
-
36 352
Employee
23 093
-
63 838
-
surtax
-
-
-
-
social contributions
2 540
-
7 023
-
income
4 803
-
19 891
-
total
7 343
-
26 914
-
Employer
23 093
-
63 838
-
social contributions
5 485
-
15 162
-
total
5 485
-
15 162
-
Corporate
50 422
79 000
-
-
income
10 589
16 590
-
-
surtax
-
-
-
-
total
10 589
16 590
-
-
Dividends
39 833
62 410
-
-
withholding
11 153
17 474
-
-
total
11 153
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 570
34 064
42 076
36 352
After tax
44 430
44 936
36 924
42 648
Living cost
15 750
15 750
15 750
15 750
Free-cash
28 680
29 186
21 174
26 898

Estimated living cost  is ₴15750 per week

₴11784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴19017
₴15565
₴20219
₴20420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 596
pensions
-
-
-
14 987
health
-
-
-
3 046
surtax
-
-
-
-
total
-
-
-
34 329
Employee
31 448
-
61 743
-
surtax
-
-
-
-
pensions
3 557
-
4 043
-
social contributions
896
-
1 759
-
income
2 744
-
11 472
-
total
7 197
-
17 274
-
Employer
31 448
-
61 743
-
other
1 085
-
2 302
-
pensions
5 167
-
6 851
-
unemployment
1 274
-
2 500
-
social contributions
94
-
185
-
health
2 201
-
5 418
-
total
9 821
-
17 256
-
Corporate
37 730
79 000
-
-
income
10 564
22 120
-
-
surtax
-
-
-
-
total
10 564
22 120
-
-
Dividends
27 165
56 880
-
-
withholding
3 477
7 281
-
-
social contributions
4 673
9 783
-
-
surtax
-
-
-
-
total
8 150
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 732
39 184
34 530
34 329
After tax
43 268
39 816
44 470
44 671
Living cost
24 251
24 251
24 251
24 251
Free-cash
19 017
15 565
20 219
20 420

Estimated living cost  is ₴24251 per week

₴16413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴54321
₴56007
₴45515
₴43414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
3 113
social contributions
-
-
-
17 380
total
-
-
-
20 493
Employee
16 142
-
68 398
-
social contributions
1 049
-
4 445
-
income
-
-
3 346
-
total
1 049
-
7 791
-
Employer
16 142
-
68 398
-
social contributions
2 502
-
10 601
-
total
2 502
-
10 601
-
Corporate
60 355
79 000
-
-
income
6 035
7 900
-
-
total
6 035
7 900
-
-
Dividends
54 320
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 586
7 900
18 392
20 493
After tax
69 414
71 100
60 608
58 507
Living cost
15 093
15 093
15 093
15 093
Free-cash
54 321
56 007
45 515
43 414

Estimated living cost  is ₴15093 per week

₴9759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴30238
-₴30238
-₴30238
₴22984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
pensions
-
-
-
435
municipal
-
-
-
16 180
labour market
-
-
-
6 285
national
-
-
-
8 970
total
-
-
-
31 870
Employee
101 915
101 915
101 915
-
national
12 451
12 451
12 451
-
municipal
21 702
21 702
21 702
-
labour market
8 142
8 142
8 142
-
pensions
145
145
145
-
total
42 440
42 440
42 440
-
Employer
101 915
101 915
101 915
-
municipal
21 737
21 737
21 737
-
pensions
290
290
290
-
national
12 472
12 472
12 472
-
labour market
8 153
8 153
8 153
-
total
42 652
42 652
42 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
85 092
85 092
85 092
31 870
After tax
-6 092
-6 092
-6 092
47 130
Living cost
24 146
24 146
24 146
24 146
Free-cash
-30 238
-30 238
-30 238
22 984

Estimated living cost  is ₴24146 per week

₴16526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
₴4698
-₴4693
₴31428
₴42953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
190
income
-
-
-
21 391
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 955
Employee
17 449
-
70 459
-
health
1 998
-
8 068
-
pensions
1 965
-
3 904
-
income
2 394
-
15 967
-
total
6 357
-
27 939
-
Employer
17 449
-
70 459
-
accident
291
-
1 177
-
pensions
2 837
-
5 638
-
unemployment
428
-
1 726
-
total
3 556
-
8 541
-
Corporate
57 995
79 000
-
-
income

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

52 195
71 100
-
-
total
52 195
71 100
-
-
Dividends
5 799
7 900
-
-
withholding
1 102
1 501
-
-
total
1 102
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 210
72 601
36 480
24 955
After tax
15 790
6 399
42 520
54 045
Living cost
11 092
11 092
11 092
11 092
Free-cash
4 698
-4 693
31 428
42 953

Estimated living cost  is ₴11092 per week

₴8074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴31847
₴30812
₴22764
₴33050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
79 000
municipal
-
-
-
14 038
national
-
-
-
11 627
health
-
-
-
1 007
total
-
-
-
26 672
Employee
26 417
-
66 459
-
national
436
-
7 290
-
unemployment
396
-
997
-
health
197
-
814
-
municipal
4 327
-
10 829
-
pensions
1 783
-
4 486
-
total
7 139
-
24 416
-
Employer
26 417
-
66 459
-
accident
27
-
67
-
pensions
4 583
-
11 531
-
unemployment
172
-
432
-
health
203
-
512
-
total
4 985
-
12 542
-
Corporate
47 598
79 000
-
-
income
9 520
15 800
-
-
total
9 520
15 800
-
-
Dividends

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

28 559
47 400
-
-
municipal
5 141
8 532
-
-
national
1 090
4 578
-
-
total
6 231
13 110
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 875
28 910
36 958
26 672
After tax
51 125
50 090
42 042
52 328
Living cost
19 278
19 278
19 278
19 278
Free-cash
31 847
30 812
22 764
33 050

Estimated living cost  is ₴19278 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴43305
₴46037
₴42124
₴42845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
8 124
income
-
-
-
14 392
health
-
-
-
2 014
total
-
-
-
24 530
Employee
38 610
38 610
73 321
-
health
299
657
1 246
-
social contributions
1 460
3 204
4 322
-
income
4 204
3 574
14 004
-
total
5 963
7 435
19 572
-
Employer
38 610
38 610
73 321
-
social contributions
1 460
3 204
4 322
-
health
325
715
1 357
-
total
1 785
3 919
5 679
-
Corporate
59 627
36 471
-
-
income
7 453
4 558
-
-
total
7 453
4 558
-
-
Dividends
52 174
31 912
-
-
withholding
8 869
5 426
-
-
total
8 869
5 426
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 070
21 338
25 251
24 530
After tax
54 930
57 662
53 749
54 470
Living cost
11 625
11 625
11 625
11 625
Free-cash
43 305
46 037
42 124
42 845

Estimated living cost  is ₴11625 per week

₴6967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴54894
₴57448
₴47972
₴58044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 000
unemployment
-
-
-
14
income
-
-
-
7 959
pensions
-
-
-
3 194
health
-
-
-
1 817
total
-
-
-
12 984
Employee

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

11 525
-
74 093
-
unemployment
57
-
238
-
health
980
-
4 050
-
pensions
1 728
-
7 146
-
income
788
-
6 715
-
total
3 553
-
18 149
-
Employer

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

11 525
-
74 093
-
pensions
634
-
2 620
-
unemployment
57
-
238
-
health
495
-
2 049
-
total
1 186
-
4 907
-
Corporate
66 288
79 000
-
-
income
5 966
7 110
-
-
total
5 966
7 110
-
-
Dividends
60 323
71 890
-
-
withholding
5 429
6 470
-
-
total
5 429
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 134
13 580
23 056
12 984
After tax
62 866
65 420
55 944
66 016
Living cost
7 972
7 972
7 972
7 972
Free-cash
54 894
57 448
47 972
58 044

Estimated living cost  is ₴7972 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
₴36722
₴38964
₴28525
₴30633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 597
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 559
Employee
18 566
-
64 163
-
unemployment
288
-
721
-
other
18
-
47
-
pensions
873
-
2 188
-
income
3 579
-
18 874
-
total
4 758
-
21 830
-
Employer
18 566
-
64 163
-
other
149
-
373
-
accident
368
-
921
-
pensions
4 381
-
10 984
-
unemployment
1 021
-
2 559
-
total
5 919
-
14 837
-
Corporate
54 515
79 000
-
-
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.

8 177
11 850
-
-
total
8 177
11 850
-
-
Dividends
46 337
67 150
-
-
withholding
9 616
14 378
-
-
total
9 616
14 378
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 470
26 228
36 667
34 559
After tax
50 530
52 772
42 333
44 441
Living cost
13 808
13 808
13 808
13 808
Free-cash
36 722
38 964
28 525
30 633

Estimated living cost  is ₴13808 per week

₴9320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴48185
₴48342
₴49767
₴49835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
27 010
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
28 211
Employee
1 453
-
78 217
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
26 973
-
total
500
-
27 495
-
Employer
1 453
-
78 217
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
77 220
79 000
-
-
income
16 988
17 380
-
-
total
16 988
17 380
-
-
Dividends
60 231
61 620
-
-
withholding
12 046
12 324
-
-
total
12 046
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 861
29 704
28 279
28 211
After tax
49 139
49 296
50 721
50 789
Living cost
954
954
954
954
Free-cash
48 185
48 342
49 767
49 835

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴45942
₴48408
₴38672
₴38671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
unemployment
-
-
-
556
income
-
-
-
17 656
pensions
-
-
-
9 632
health
-
-
-
3 816
total
-
-
-
31 660
Employee

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

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

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

13 072
-
72 369
-
unemployment
98
-
278
-
health
673
-
1 908
-
pensions
1 830
-
5 186
-
income
1 802
-
17 656
-
total
4 403
-
25 028
-
Employer

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

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

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

13 072
-
72 369
-
pensions
1 569
-
4 445
-
unemployment
98
-
278
-
health
673
-
1 908
-
total
2 340
-
6 631
-
Corporate
63 588
79 000
-
-
income
9 538
11 850
-
-
total
9 538
11 850
-
-
Dividends
54 050
67 150
-
-
withholding
8 108
10 073
-
-
total
8 108
10 073
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 389
21 923
31 659
31 660
After tax
54 611
57 077
47 341
47 340
Living cost
8 669
8 669
8 669
8 669
Free-cash
45 942
48 408
38 672
38 671

Estimated living cost  is ₴8669 per week

₴5837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴31217
₴31399
₴23387
₴29111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
social contributions

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

-
-
-
27 453
income
-
-
-
8 899
surtax
-
-
-
-
total
-
-
-
36 352
Employee
19 488
-
63 838
-
surtax
-
-
-
-
social contributions
2 144
-
7 023
-
income
3 808
-
19 891
-
total
5 952
-
26 914
-
Employer
19 488
-
63 838
-
social contributions
4 628
-
15 162
-
total
4 628
-
15 162
-
Corporate
54 884
79 000
-
-
income
11 526
16 590
-
-
surtax
-
-
-
-
total
11 526
16 590
-
-
Dividends
43 358
62 410
-
-
withholding
12 140
17 474
-
-
total
12 140
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 246
34 064
42 076
36 352
After tax
44 754
44 936
36 924
42 648
Living cost
13 537
13 537
13 537
13 537
Free-cash
31 217
31 399
23 387
29 111

Estimated living cost  is ₴13537 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴31687
₴35125
₴24687
₴26794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
20 597
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
34 559
Employee
24 250
-
64 163
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 140
-
2 188
-
income
5 065
-
18 874
-
total
6 604
-
21 830
-
Employer
24 250
-
64 163
-
other
194
-
373
-
accident
480
-
921
-
pensions
5 723
-
10 984
-
unemployment
1 334
-
2 559
-
total
7 731
-
14 837
-
Corporate
47 019
79 000
-
-
income

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

7 053
11 850
-
-
total
7 053
11 850
-
-
Dividends
39 966
67 150
-
-
withholding
8 278
14 378
-
-
total
8 278
14 378
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 666
26 228
36 667
34 559
After tax
49 334
52 772
42 333
44 441
Living cost
17 646
17 646
17 646
17 646
Free-cash
31 687
35 125
24 687
26 794

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴55856
₴58915
₴56838
₴53841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
unemployment
-
-
-
70
income
-
-
-
11 850
pensions

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

-
-
-
2 594
health
-
-
-
2 015
total
-
-
-
16 529
Employee
11 428
-
75 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
806
-
pensions

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

1 003
-
1 539
-
income
1 143
-
7 556
-
total
2 798
-
10 094
-
Employer
11 428
-
75 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 931
-
unemployment
69
-
105
-
health
789
-
1 209
-
total
2 243
-
3 438
-
Corporate
65 330
79 000
-
-
income
6 533
7 900
-
-
total
6 533
7 900
-
-
Dividends
58 797
71 100
-
-
withholding
2 940
3 555
-
-
total
2 940
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 514
11 455
13 532
16 529
After tax
64 486
67 545
65 468
62 471
Living cost
8 630
8 630
8 630
8 630
Free-cash
55 856
58 915
56 838
53 841

Estimated living cost  is ₴8630 per week

₴5708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27858
₴21288
₴31527
₴23540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
trade
-
-
-
7 987
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.

-
-
-
23 373
health

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

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

-
-
-
3 430
surtax

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

-
-
-
1 285
total
-
-
-
36 075
Employee

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

24 983
-
79 000
-
surtax

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

113
-
1 285
-
health

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

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

3 430
-
3 430
-
income

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

2 054
-
23 373
-
total
5 597
-
28 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 017
79 000
-
-
trade
7 751
11 336
-
-
income
8 102
11 850
-
-
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.

446
652
-
-
chamber of commerce
155
192
-
-
total
16 454
24 030
-
-
Dividends
37 562
54 970
-
-
withholding
9 200
13 552
-
-
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.

506
745
-
-
total
9 706
14 297
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 757
38 327
28 088
36 075
After tax
47 243
40 673
50 912
42 925
Living cost
19 385
19 385
19 385
19 385
Free-cash
27 858
21 288
31 527
23 540

Estimated living cost  is ₴19385 per week

₴13372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴27806
₴26697
₴14136
₴14136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
12 961
income
-
-
-
23 300
total
-
-
-
36 261
Employee
39 276
-
79 000
-
social contributions
3 263
-
12 961
-
income
7 411
-
23 300
-
total
10 674
-
36 261
-
Employer
39 276
-
79 000
-
total
-
-
-
-
Corporate
39 724
79 000
-
-
income
4 965
9 875
-
-
total
4 965
9 875
-
-
Dividends
34 758
69 125
-
-
withholding
6 952
13 825
-
-
total
6 952
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 591
23 700
36 261
36 261
After tax
56 409
55 300
42 739
42 739
Living cost
28 603
28 603
28 603
28 603
Free-cash
27 806
26 697
14 136
14 136

Estimated living cost  is ₴28603 per week

₴21760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴32224
₴30470
₴38519
₴43428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
health

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

-
-
-
3 052
income
-
-
-
14 293
total
-
-
-
17 345
Employee
23 034
-
76 690
-
social contributions
2 308
-
2 310
-
income
2 499
-
17 634
-
total
4 807
-
19 944
-
Employer
23 034
-
76 690
-
social contributions
2 308
-
2 310
-
total
2 308
-
2 310
-
Corporate
53 658
79 000
-
-
income
18 781
27 650
-
-
total
18 781
27 650
-
-
Dividends
34 877
51 350
-
-
social contributions
2 653
2 653
-
-
total
2 653
2 653
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 549
30 303
22 254
17 345
After tax
50 451
48 697
56 746
61 655
Living cost
18 227
18 227
18 227
18 227
Free-cash
32 224
30 470
38 519
43 428

Estimated living cost  is ₴18227 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴37169
₴34253
₴27479
₴34673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 753
pensions
-
-
-
4 277
total
-
-
-
26 030
Employee
25 115
-
69 083
-
health
328
-
1 032
-
pensions
1 917
-
5 317
-
income
4 574
-
16 957
-
total
6 819
-
23 306
-
Employer
25 115
-
69 083
-
pensions
2 537
-
8 605
-
health
477
-
1 313
-
total
3 014
-
9 918
-
Corporate
50 870
79 000
-
-
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.

9 666
15 010
-
-
total
9 666
15 010
-
-
Dividends
41 205
63 990
-
-
withholding
4 035
11 440
-
-
total
4 035
11 440
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 534
26 450
33 224
26 030
After tax
55 466
52 550
45 776
52 970
Living cost
18 297
18 297
18 297
18 297
Free-cash
37 169
34 253
27 479
34 673

Estimated living cost  is ₴18297 per week

₴12551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4529
-₴5792
₴30329
₴41854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
190
income
-
-
-
21 391
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
24 955
Employee
19 176
-
70 459
-
health
2 196
-
8 068
-
pensions
2 159
-
3 904
-
income
2 631
-
15 967
-
total
6 986
-
27 939
-
Employer
19 176
-
70 459
-
accident
320
-
1 177
-
pensions
3 118
-
5 638
-
unemployment
470
-
1 726
-
total
3 908
-
8 541
-
Corporate
55 916
79 000
-
-
income

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

50 324
71 100
-
-
total
50 324
71 100
-
-
Dividends
5 592
7 900
-
-
withholding
1 062
1 501
-
-
total
1 062
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 280
72 601
36 480
24 955
After tax
16 720
6 399
42 520
54 045
Living cost
12 191
12 191
12 191
12 191
Free-cash
4 529
-5 792
30 329
41 854

Estimated living cost  is ₴12191 per week

₴8946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴57348
₴59696
₴48295
₴37611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 000
unemployment
-
-
-
948
income
-
-
-
12 882
pensions
-
-
-
14 536
health insurance
-
-
-
5 846
work injury
-
-
-
395
total
-
-
-
34 607
Employee

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

10 851
-
79 000
-
health insurance
803
-
2 971
-
unemployment
130
-
482
-
work injury
54
-
201
-
pensions
1 997
-
7 387
-
income
1 085
-
12 882
-
total
4 069
-
23 923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 149
79 000
-
-
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%.

681
790
-
-
total
681
790
-
-
Dividends
67 468
78 210
-
-
withholding
10 120
11 732
-
-
total
10 120
11 732
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 870
12 522
23 923
34 607
After tax
64 130
66 478
55 077
44 393
Living cost
6 782
6 782
6 782
6 782
Free-cash
57 348
59 696
48 295
37 611

Estimated living cost  is ₴6782 per week

₴4201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴19325
₴21608
₴13900
₴17370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
1 799
social contributions
-
-
-
20 319
municipal
-
-
-
528
national
-
-
-
18 981
total
-
-
-
41 627
Employee
42 311
-
79 000
-
national
7 150
-
16 391
-
regional
639
-
1 595
-
municipal
253
-
472
-
social contributions
14 267
-
26 639
-
total
22 309
-
45 097
-
Employer
42 311
-
79 000
-
total
-
-
-
-
Corporate
36 689
79 000
-
-
nationa
8 805
18 960
-
-
municipal
1 768
3 808
-
-
total
10 573
22 768
-
-
Dividends
26 115
56 232
-
-
withholding
6 790
14 621
-
-
total
6 790
14 621
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 672
37 389
45 097
41 627
After tax
39 328
41 611
33 903
37 373
Living cost
20 003
20 003
20 003
20 003
Free-cash
19 325
21 608
13 900
17 370

Estimated living cost  is ₴20003 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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