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
₴35335
₴26733
₴23983
₴29784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
22 936
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.

-
-
-
3 583
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.

-
-
-
1 262
trade
-
-
-
8 602
total
-
-
-
36 383
Employee

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

20 058
-
79 000
-
income

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

560
-
22 936
-
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.

31
-
1 262
-
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.

3 583
-
3 583
-
total
4 174
-
27 781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 942
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.

487
652
-
-
income
8 841
11 850
-
-
chamber of commerce
164
193
-
-
trade
9 283
12 443
-
-
total
18 775
25 138
-
-
Dividends
40 166
53 862
-
-
withholding
9 842
13 266
-
-
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.

541
729
-
-
total
10 383
13 995
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 332
39 133
27 781
36 383
After tax
45 668
39 867
51 219
42 617
Living cost
15 884
15 884
15 884
15 884
Free-cash
29 784
23 983
35 335
26 733

Estimated living cost  is ₴15884 per week

₴9992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19164
₴18544
₴20878
₴20406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
13 194
pensions
-
-
-
9 480
municipal
-
-
-
8 515
total
-
-
-
32 038
Employee
44 053
-
68 295
-
municipal
5 441
-
8 820
-
national
8 432
-
13 668
-
pensions
1 762
-
2 732
-
total
15 635
-
25 220
-
Employer
44 053
-
68 295
-
pensions
3 524
-
5 464
-
social contributions
474
-
734
-
total
3 998
-
6 198
-
Corporate
28 042
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%.

5 608
15 800
-
-
total
5 608
15 800
-
-
Dividends
22 433
63 200
-
-
withholding
4 935
13 904
-
-
total
4 935
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 176
29 704
31 418
32 038
After tax
48 824
49 296
47 582
46 962
Living cost
28 418
28 418
28 418
28 418
Free-cash
20 406
20 878
19 164
18 544

Estimated living cost  is ₴28418 per week

₴19315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37152
₴14901
₴52290
₴47988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 093
income
-
-
-
12 951
microenterprise
-
-
-
-
surtax
-
-
-
20 145
total
-
-
-
53 189
Employee
15 324
-
56 757
-
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.

1 686
-
6 243
-
income
2 728
-
11 022
-
surtax
-
-
-
-
total
4 414
-
17 265
-
Employer
15 324
-
56 757
-
surtax
-
-
-
-
social contributions

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

3 691
-
13 673
-
total
3 691
-
13 673
-
Corporate
59 985
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%.

11 997
15 800
-
-
total
11 997
15 800
-
-
Dividends

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

47 988
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
20 102
15 800
30 938
53 189
After tax
58 898
63 200
48 062
25 811
Living cost
10 910
10 910
10 910
10 910
Free-cash
47 988
52 290
37 152
14 901

Estimated living cost  is ₴10910 per week

₴6960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25937
₴22576
₴16945
₴13732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 844
health
-
-
-
6 467
pensions
-
-
-
6 144
total
-
-
-
34 455
Employee
44 784
44 784
69 254
-
income

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

7 330
7 330
8 738
-
health
6 874
5 847
6 467
-
pensions
8 061
6 144
6 144
-
total
22 265
19 321
21 349
-
Employer
44 784
44 784
69 254
-
unemployment
1 612
1 612
2 003
-
pensions
3 117
3 117
3 874
-
health
3 113
3 113
3 868
-
total
7 842
7 842
9 745
-
Corporate
26 924
26 374
-
-
income
5 385
5 275
-
-
total
5 385
5 275
-
-
Dividends
21 539
21 100
-
-
withholding
3 230
3 165
-
-
income
4 577
4 483
-
-
total
7 807
7 648
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 299
40 086
31 094
34 455
After tax
35 701
38 914
47 906
44 545
Living cost
21 969
21 969
21 969
21 969
Free-cash
13 732
16 945
25 937
22 576

Estimated living cost  is ₴21969 per week

₴15569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19888
₴20398
₴22115
₴21643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
92
national
-
-
-
4 659
health
-
-
-
2 875
unemployment
-
-
-
46
other
-
-
-
5 353
pensions
-
-
-
4 980
municipal
-
-
-
19 578
total
-
-
-
37 583
Employee
29 951
-
64 526
-
municipal
8 931
-
19 242
-
national
-
-
4 377
-
total
8 931
-
23 619
-
Employer
29 951
-
64 526
-
other
3 480
-
5 353
-
unemployment
791
-
1 216
-
pensions
3 238
-
4 980
-
health
1 842
-
2 833
-
accident
60
-
92
-
total
9 411
-
14 474
-
Corporate
39 639
79 000
-
-
income
8 721
17 380
-
-
total
8 721
17 380
-
-
Dividends
30 918
61 620
-
-
withholding
9 275
18 486
-
-
total
9 275
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 338
35 866
38 093
37 583
After tax
42 662
43 134
40 907
41 417
Living cost
21 019
21 019
21 019
21 019
Free-cash
21 643
22 115
19 888
20 398

Estimated living cost  is ₴21019 per week

₴13931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
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.
₴4707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30617
₴21632
₴18857
₴26228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
22 936
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.

-
-
-
3 583
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.

-
-
-
1 262
trade
-
-
-
8 985
total
-
-
-
36 766
Employee

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

26 595
-
79 000
-
income

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

2 285
-
22 936
-
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.

125
-
1 262
-
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.

3 583
-
3 583
-
total
5 993
-
27 781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 405
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.

432
652
-
-
income
7 861
11 850
-
-
chamber of commerce
154
192
-
-
trade
8 620
12 995
-
-
total
17 067
25 689
-
-
Dividends
35 338
53 311
-
-
withholding
8 635
13 129
-
-
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.

475
723
-
-
total
9 110
13 852
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 170
39 541
27 781
36 766
After tax
46 830
39 459
51 219
42 234
Living cost
20 602
20 602
20 602
20 602
Free-cash
26 228
18 857
30 617
21 632

Estimated living cost  is ₴20602 per week

₴13778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36926
₴37657
₴40664
₴38488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 485
income
-
-
-
13 834
health
-
-
-
2 014
total
-
-
-
24 333
Employee
40 326
40 326
73 133
-
social contributions
1 960
3 347
4 514
-
income
4 235
3 733
13 441
-
health
401
686
1 243
-
total
6 596
7 766
19 198
-
Employer
40 326
40 326
73 133
-
health
437
746
1 352
-
social contributions
1 960
3 347
4 514
-
total
2 397
4 093
5 866
-
Corporate
52 999
34 581
-
-
income
6 625
4 323
-
-
total
6 625
4 323
-
-
Dividends
46 374
30 258
-
-
withholding
7 884
5 144
-
-
total
7 884
5 144
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 502
21 326
25 064
24 333
After tax
55 498
57 674
53 936
54 667
Living cost
17 010
17 010
17 010
17 010
Free-cash
38 488
40 664
36 926
37 657

Estimated living cost  is ₴17010 per week

₴11628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1329
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.
₴3768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35496
₴44427
₴34122
₴34336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 658
health
-
-
-
5 530
unemployment
-
-
-
1 185
pensions
-
-
-
7 900
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.

14 869
5 918
66 109
-
income
1 818
723
8 082
-
health
1 041
414
4 628
-
pensions
1 487
592
6 611
-
unemployment
223
89
992
-
total
4 569
1 818
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.

14 869
5 918
66 109
-
pensions
2 899
1 154
12 891
-
total
2 899
1 154
12 891
-
Corporate
61 232
71 929
-
-
income
5 511
6 474
-
-
total
5 511
6 474
-
-
Dividends
55 721
65 455
-
-
withholding
10 587
12 436
-
-
social contributions
10 798
12 696
-
-
total
21 385
25 132
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 364
34 578
33 204
24 273
After tax
44 636
44 422
45 796
54 727
Living cost
10 300
10 300
10 300
10 300
Free-cash
34 336
34 122
35 496
44 427

Estimated living cost  is ₴10300 per week

₴7029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
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 Budapest model

Close
Tallinn , Estonia
₴32868
₴29677
₴50533
₴47274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 270
pensions
-
-
-
15 800
total
-
-
-
36 656
Employee
14 877
-
59 042
-
income
1 675
-
11 383
-
pensions
298
-
1 181
-
unemployment
238
-
944
-
total
2 211
-
13 508
-
Employer
14 877
-
59 042
-
unemployment
119
-
473
-
pensions
2 976
-
11 808
-
health
1 934
-
7 676
-
total
5 029
-
19 957
-
Corporate
59 094
79 000
-
-
income
11 819
15 800
-
-
total
11 819
15 800
-
-
Dividends
47 275
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 059
15 800
33 465
36 656
After tax
59 941
63 200
45 535
42 344
Living cost
12 667
12 667
12 667
12 667
Free-cash
47 274
50 533
32 868
29 677

Estimated living cost  is ₴12667 per week

₴8688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴754
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.
₴2970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30964
₴42560
-₴5092
₴4636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
132
income
-
-
-
21 311
health
-
-
-
1 139
other
-
-
-
194
pensions
-
-
-
2 173
total
-
-
-
24 949
Employee
18 076
-
70 347
-
income
2 480
-
15 853
-
health
2 070
-
8 055
-
pensions
2 035
-
3 985
-
total
6 585
-
27 893
-
Employer
18 076
-
70 347
-
unemployment
443
-
1 723
-
pensions
2 939
-
5 754
-
accident
302
-
1 175
-
total
3 684
-
8 652
-
Corporate
57 240
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.

51 516
71 100
-
-
total
51 516
71 100
-
-
Dividends
5 724
7 900
-
-
withholding
1 088
1 501
-
-
total
1 088
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 873
72 601
36 545
24 949
After tax
16 127
6 399
42 455
54 051
Living cost
11 491
11 491
11 491
11 491
Free-cash
4 636
-5 092
30 964
42 560

Estimated living cost  is ₴11491 per week

₴8422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
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.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58710
₴73720
₴70560
₴69719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 612
-
79 000
-
income
1 122
-
15 800
-
total
1 122
-
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%.

73 388
79 000
-
-
total
-
-
-
-
Dividends
73 388
79 000
-
-
withholding
3 669
3 950
-
-
total
3 669
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 791
3 950
15 800
790
After tax
74 209
75 050
63 200
78 210
Living cost
4 490
4 490
4 490
4 490
Free-cash
69 719
70 560
58 710
73 720

Estimated living cost  is ₴4490 per week

₴2782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31119
₴27853
₴44067
₴40526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 984
health
-
-
-
3 476
other
-
-
-
3 753
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.

-
-
-
18 960
total
-
-
-
37 173
Employee
19 041
-
63 099
-
income
3 278
-
12 073
-
health
267
-
884
-
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.

1 333
-
4 417
-
unemployment
190
-
631
-
total
5 068
-
18 005
-
Employer
19 041
-
63 099
-
other
952
-
3 156
-
unemployment
190
-
631
-
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.

3 237
-
10 726
-
health
267
-
884
-
accident
152
-
505
-
total
4 798
-
15 902
-
Corporate
55 160
79 000
-
-
income
11 584
16 590
-
-
total
11 584
16 590
-
-
Dividends
43 576
62 410
-
-
withholding
3 050
4 369
-
-
total
3 050
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 500
20 959
33 907
37 173
After tax
54 500
58 041
45 093
41 827
Living cost
13 974
13 974
13 974
13 974
Free-cash
40 526
44 067
31 119
27 853

Estimated living cost  is ₴13974 per week

₴9873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10991
₴18216
₴17991
₴16760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 123
pensions
-
-
-
4 461
total
-
-
-
25 584
Employee
49 802
-
69 138
-
income
8 977
-
16 304
-
health
821
-
1 056
-
pensions
4 805
-
5 587
-
total
14 603
-
22 947
-
Employer
49 802
-
69 138
-
pensions
5 880
-
8 549
-
health
946
-
1 313
-
total
6 826
-
9 862
-
Corporate
22 371
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.

4 251
15 010
-
-
total
4 251
15 010
-
-
Dividends
18 121
63 990
-
-
withholding
1 360
10 799
-
-
total
1 360
10 799
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 040
25 809
32 809
25 584
After tax
51 960
53 191
46 191
53 416
Living cost
35 200
35 200
35 200
35 200
Free-cash
16 760
17 991
10 991
18 216

Estimated living cost  is ₴35200 per week

₴26376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4136
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.
₴4402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴58421
₴55459
₴60714
₴58294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 850
health
-
-
-
2 093
unemployment
-
-
-
73
pensions

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

-
-
-
2 694
total
-
-
-
16 710
Employee
9 046
-
75 429
-
income
904
-
7 543
-
accident

We are using the highest rate at 1.1%.

100
-
200
-
health
416
-
837
-
pensions

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

794
-
1 598
-
total
2 214
-
10 178
-
Employer
9 046
-
75 429
-
unemployment
54
-
109
-
pensions

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

997
-
2 005
-
health
624
-
1 256
-
accident

We are using the highest rate at 1.1%.

100
-
200
-
total
1 775
-
3 570
-
Corporate
68 180
79 000
-
-
income
6 818
7 900
-
-
total
6 818
7 900
-
-
Dividends
61 361
71 100
-
-
withholding
3 068
3 555
-
-
total
3 068
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 875
11 455
13 748
16 710
After tax
65 125
67 545
65 252
62 290
Living cost
6 831
6 831
6 831
6 831
Free-cash
58 294
60 714
58 421
55 459

Estimated living cost  is ₴6831 per week

₴3988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18826
₴15465
₴9834
₴11152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 844
health
-
-
-
6 467
pensions
-
-
-
6 144
total
-
-
-
34 455
Employee
48 621
44 784
69 254
-
income

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

7 330
7 330
8 738
-
health
6 066
5 847
6 467
-
pensions
6 144
6 144
6 144
-
total
19 540
19 321
21 349
-
Employer
48 621
44 784
69 254
-
unemployment
1 751
1 612
2 003
-
pensions
3 384
3 117
3 874
-
health
3 379
3 113
3 868
-
total
8 514
7 842
9 745
-
Corporate
21 866
26 374
-
-
income
4 373
5 275
-
-
total
4 373
5 275
-
-
Dividends
17 493
21 100
-
-
withholding
2 624
3 165
-
-
income
3 717
4 483
-
-
total
6 341
7 648
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 768
40 086
31 094
34 455
After tax
40 232
38 914
47 906
44 545
Living cost
29 080
29 080
29 080
29 080
Free-cash
11 152
9 834
18 826
15 465

Estimated living cost  is ₴29080 per week

₴21451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2597
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.
₴4698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27008
₴29004
₴41310
₴36645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 823
income
-
-
-
7 427
health
-
-
-
10 665
solidarity contribution
-
-
-
-
total
-
-
-
36 915
Employee
19 237
-
58 955
-
social contributions
1 250
-
3 832
-
income
2 308
-
7 075
-
health
2 597
-
7 959
-
solidarity contribution
-
-
-
-
total
6 155
-
18 866
-
Employer
19 237
-
58 955
-
health
1 731
-
5 306
-
social contributions
4 809
-
14 739
-
total
6 540
-
20 045
-
Corporate
53 223
79 000
-
-
income
10 112
15 010
-
-
total
10 112
15 010
-
-
Dividends
43 111
63 990
-
-
withholding
6 467
9 599
-
-
total
6 467
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 274
24 609
38 911
36 915
After tax
49 726
54 391
40 089
42 085
Living cost
13 081
13 081
13 081
13 081
Free-cash
36 645
41 310
27 008
29 004

Estimated living cost  is ₴13081 per week

₴9086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
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.
₴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 Brno model

Close
Milan , Italy
₴12769
₴16409
₴20021
₴17282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 319
national
-
-
-
18 754
regional
-
-
-
919
municipal
-
-
-
470
total
-
-
-
40 462
Employee
46 608
-
79 000
-
social contributions
15 716
-
26 638
-
municipal
247
-
419
-
regional
440
-
809
-
national
8 076
-
16 236
-
total
24 479
-
44 102
-
Employer
46 608
-
79 000
-
total
-
-
-
-
Corporate
32 392
79 000
-
-
nationa
7 774
18 960
-
-
municipal
1 263
3 081
-
-
total
9 037
22 041
-
-
Dividends
23 355
56 958
-
-
withholding
6 073
14 809
-
-
total
6 073
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 589
36 850
44 102
40 462
After tax
39 411
42 150
34 898
38 538
Living cost
22 129
22 129
22 129
22 129
Free-cash
17 282
20 021
12 769
16 409

Estimated living cost  is ₴22129 per week

₴15426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23442
₴25919
₴38119
₴36487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 596
health
-
-
-
4 969
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 998
surtax
-
-
-
2 827
total
-
-
-
41 509
Employee
17 342
-
65 262
-
income
2 907
-
17 252
-
surtax
57
-
2 437
-
health
443
-
1 664
-
pensions
1 156
-
4 353
-
unemployment
1 207
-
4 542
-
other
-
-
-
-
total
5 770
-
30 248
-
Employer
17 342
-
65 262
-
other
-
-
-
-
unemployment
549
-
2 069
-
pensions
2 312
-
8 699
-
health
789
-
2 970
-
total
3 650
-
13 738
-
Corporate
58 007
79 000
-
-
income
15 082
20 540
-
-
total
15 082
20 540
-
-
Dividends
42 925
58 460
-
-
withholding
6 439
8 769
-
-
total
6 439
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 941
29 309
43 986
41 509
After tax
48 059
49 691
35 014
37 491
Living cost
11 572
11 572
11 572
11 572
Free-cash
36 487
38 119
23 442
25 919

Estimated living cost  is ₴11572 per week

₴7076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1068
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.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22143
₴29368
₴29143
₴31001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 123
pensions
-
-
-
4 461
total
-
-
-
25 584
Employee
33 376
-
69 138
-
income
6 011
-
16 304
-
health
485
-
1 056
-
pensions
2 833
-
5 587
-
total
9 329
-
22 947
-
Employer
33 376
-
69 138
-
pensions
3 613
-
8 549
-
health
634
-
1 313
-
total
4 247
-
9 862
-
Corporate
41 377
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.

7 861
15 010
-
-
total
7 861
15 010
-
-
Dividends
33 516
63 990
-
-
withholding
2 514
10 799
-
-
total
2 514
10 799
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 951
25 809
32 809
25 584
After tax
55 049
53 191
46 191
53 416
Living cost
24 048
24 048
24 048
24 048
Free-cash
31 001
29 143
22 143
29 368

Estimated living cost  is ₴24048 per week

₴18016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19786
₴23625
-₴4910
₴12649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
833
health
-
-
-
178
national
-
-
-
964
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
pensions
-
-
-
7 268
regional
-
-
-
3 517
total
-
-
-
14 340
Employee
48 021
-
70 709
-
regional
1 572
-
3 026
-
health
109
-
159
-
national
227
-
781
-
pensions
4 034
-
5 940
-
unemployment
-
-
-
-
city
515
-
760
-
total
6 457
-
10 666
-
Employer
48 021
-
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.

960
-
1 414
-
unemployment
-
-
-
-
pensions
4 034
-
5 940
-
health
109
-
159
-
total
5 103
-
7 513
-
Corporate
25 348
79 000
-
-
regional
5 361
16 709
-
-
national
2 154
6 715
-
-
total
7 515
23 424
-
-
Dividends
17 832
55 576
-
-
withholding
6 241
19 451
-
-
total
6 241
19 451
-
-
Income
79 000
79 000
79 000
79 000
Total tax
25 316
42 875
18 179
14 340
After tax
53 684
36 125
60 821
64 660
Living cost
41 035
41 035
41 035
41 035
Free-cash
12 649
-4 910
19 786
23 625

Estimated living cost  is ₴41035 per week

₴26684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27195
₴17828
₴15029
₴23532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
22 936
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.

-
-
-
3 583
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.

-
-
-
1 262
trade
-
-
-
9 367
total
-
-
-
37 148
Employee

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

31 517
-
79 000
-
income

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

3 706
-
22 936
-
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.

204
-
1 262
-
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.

3 583
-
3 583
-
total
7 493
-
27 781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 483
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.

392
652
-
-
income
7 123
11 850
-
-
chamber of commerce
146
191
-
-
trade
8 144
13 549
-
-
total
15 805
26 242
-
-
Dividends
31 678
52 759
-
-
withholding
7 721
12 990
-
-
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.

425
715
-
-
total
8 146
13 705
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 444
39 947
27 781
37 148
After tax
47 556
39 053
51 219
41 852
Living cost
24 024
24 024
24 024
24 024
Free-cash
23 532
15 029
27 195
17 828

Estimated living cost  is ₴24024 per week

₴17546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26967
₴26793
₴21873
₴24972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 251
income
-
-
-
11 280
health
-
-
-
2 923
other
-
-
-
2 449
pensions
-
-
-
15 362
surtax
-
-
-
-
total
-
-
-
34 265
Employee
22 445
-
61 961
-
social contributions
640
-
1 765
-
income
1 325
-
11 319
-
surtax
-
-
-
-
pensions
2 538
-
3 968
-
total
4 503
-
17 052
-
Employer
22 445
-
61 961
-
other
774
-
2 272
-
unemployment
909
-
2 510
-
pensions
3 687
-
6 741
-
health
1 571
-
5 330
-
social contributions
68
-
186
-
total
7 009
-
17 039
-
Corporate
49 546
79 000
-
-
surtax
-
-
-
-
income
13 873
22 120
-
-
total
13 873
22 120
-
-
Dividends
35 673
56 880
-
-
withholding
4 566
7 281
-
-
surtax
-
-
-
-
social contributions
6 135
9 784
-
-
total
10 701
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 086
39 185
34 091
34 265
After tax
42 914
39 815
44 909
44 735
Living cost
17 942
17 942
17 942
17 942
Free-cash
24 972
21 873
26 967
26 793

Estimated living cost  is ₴17942 per week

₴11313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28744
₴28570
₴23650
₴26564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 251
income
-
-
-
11 280
health
-
-
-
2 923
other
-
-
-
2 449
pensions
-
-
-
15 362
surtax
-
-
-
-
total
-
-
-
34 265
Employee
20 035
-
61 961
-
social contributions
571
-
1 765
-
income
1 033
-
11 319
-
surtax
-
-
-
-
pensions
2 266
-
3 968
-
total
3 870
-
17 052
-
Employer
20 035
-
61 961
-
other
692
-
2 272
-
unemployment
811
-
2 510
-
pensions
3 292
-
6 741
-
health
1 402
-
5 330
-
social contributions
60
-
186
-
total
6 257
-
17 039
-
Corporate
52 708
79 000
-
-
surtax
-
-
-
-
income
14 759
22 120
-
-
total
14 759
22 120
-
-
Dividends
37 950
56 880
-
-
withholding
4 858
7 281
-
-
surtax
-
-
-
-
social contributions
6 527
9 784
-
-
total
11 385
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 271
39 185
34 091
34 265
After tax
42 729
39 815
44 909
44 735
Living cost
16 165
16 165
16 165
16 165
Free-cash
26 564
23 650
28 744
28 570

Estimated living cost  is ₴16165 per week

₴9375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1642
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.
₴4842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38378
₴39614
₴37076
₴37349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 781
-
79 000
-
social contributions
2 454
-
10 902
-
income
2 966
-
13 086
-
health
1 241
-
5 514
-
total
6 661
-
29 502
-
Employer
17 781
-
79 000
-
total
-
-
-
-
Corporate
61 219
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%.

3 061
3 950
-
-
total
3 061
3 950
-
-
Dividends
58 158
75 050
-
-
health
4 059
5 239
-
-
withholding
8 724
11 258
-
-
social contributions
8 026
10 357
-
-
total
20 809
26 854
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 531
30 804
29 502
28 266
After tax
48 469
48 196
49 498
50 734
Living cost
11 120
11 120
11 120
11 120
Free-cash
37 349
37 076
38 378
39 614

Estimated living cost  is ₴11120 per week

₴7442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2069
₴22031
₴25359
₴24550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 834
health
-
-
-
4 686
unemployment
-
-
-
3 216
pensions
-
-
-
11 334
surtax
-
-
-
104
chamber of commerce
-
-
-
316
total
-
-
-
38 490
Employee
26 208
20 899
61 265
-
income
2 984
1 542
14 802
-
health
1 014
809
2 371
-
pensions
2 684
2 140
6 274
-
unemployment
786
627
1 838
-
other
262
209
613
-
total
7 730
5 327
25 898
-
Employer
26 208
20 899
61 265
-
other
1 245
992
2 910
-
surtax
104
104
104
-
unemployment
786
627
1 838
-
pensions
3 289
2 623
7 689
-
payroll
786
627
1 838
-
health
990
790
2 316
-
accident
340
272
796
-
chamber of commerce
104
84
245
-
total
7 644
6 119
17 736
-
Corporate
45 147
51 982
59 274
-
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.

11 286
12 995
14 818
-
total
11 286
12 995
14 818
-
Dividends
33 860
38 987
-
-
withholding
9 311
10 721
-
-
total
9 311
10 721
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 971
35 162
58 452
38 490
After tax
43 029
43 838
20 548
40 510
Living cost
18 479
18 479
18 479
18 479
Free-cash
24 550
25 359
2 069
22 031

Estimated living cost  is ₴18479 per week

₴12324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1576
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴9440
₴15366
₴25089
₴17225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 338
national
-
-
-
28 175
communal

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

-
-
-
4 000
total
-
-
-
44 513
Employee

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

37 512
-
61 188
-
communal

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

1 957
-
3 192
-
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.

1 762
-
2 876
-
national
11 533
-
21 439
-
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.

2 813
-
4 589
-
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.

326
-
532
-
total
18 391
-
32 628
-
Employer

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

37 512
-
61 188
-
surtax
4 253
-
6 938
-
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.

547
-
894
-
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.

3 324
-
5 421
-
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.

2 307
-
3 763
-
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.

488
-
795
-
total
10 919
-
17 811
-
Corporate
30 568
79 000
-
-
surtax
122
316
-
-
income
6 113
15 800
-
-
total
6 235
16 116
-
-
Dividends
24 332
62 884
-
-
withholding

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

7 109
18 674
-
-
total
7 109
18 674
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 654
34 790
50 439
44 513
After tax
36 346
44 210
28 561
34 487
Living cost
19 121
19 121
19 121
19 121
Free-cash
17 225
25 089
9 440
15 366

Estimated living cost  is ₴19121 per week

₴12317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23345
₴25545
₴33881
₴30051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
income
-
-
-
19 933
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 756
total
-
-
-
34 516
Employee
26 105
-
63 504
-
income
5 508
-
18 133
-
pensions
1 227
-
2 285
-
unemployment
405
-
753
-
other
26
-
49
-
total
7 166
-
21 220
-
Employer
26 105
-
63 504
-
other
208
-
389
-
unemployment
1 436
-
2 673
-
pensions
6 160
-
11 472
-
accident
517
-
962
-
total
8 321
-
15 496
-
Corporate
44 575
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.

6 686
11 850
-
-
total
6 686
11 850
-
-
Dividends
37 889
67 150
-
-
withholding
7 837
14 330
-
-
total
7 837
14 330
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 010
26 180
36 716
34 516
After tax
48 990
52 820
42 284
44 484
Living cost
18 939
18 939
18 939
18 939
Free-cash
30 051
33 881
23 345
25 545

Estimated living cost  is ₴18939 per week

₴13947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
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.
₴3376
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15205
₴12058
₴18463
₴12445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
666
income
-
-
-
11 477
health
-
-
-
5 550
communal
-
-
-
4 993
pensions
-
-
-
11 841
surtax
-
-
-
3 916
total
-
-
-
38 443
Employee
39 714
-
70 568
-
income
3 836
-
13 752
-
surtax
2 434
-
4 325
-
health
1 767
-
3 140
-
pensions
3 177
-
5 646
-
total
11 214
-
26 863
-
Employer
39 714
-
70 568
-
pensions
3 177
-
5 646
-
health
1 211
-
2 152
-
accident
357
-
635
-
total
4 745
-
8 433
-
Corporate
34 541
79 000
-
-
surtax
362
829
-
-
income
5 181
11 850
-
-
communal
2 332
5 332
-
-
total
7 875
18 011
-
-
Dividends
26 666
60 989
-
-
withholding
4 000
9 149
-
-
income
10 222
4 878
-
-
total
14 222
14 027
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 056
32 038
35 296
38 443
After tax
40 944
46 962
43 704
40 557
Living cost
28 499
28 499
28 499
28 499
Free-cash
12 445
18 463
15 205
12 058

Estimated living cost  is ₴28499 per week

₴21379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1727
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.
₴5091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23235
₴25712
₴37912
₴36243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 596
health
-
-
-
4 969
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 998
surtax
-
-
-
2 827
total
-
-
-
41 509
Employee
17 661
-
65 262
-
income
2 961
-
17 252
-
surtax
63
-
2 437
-
health
451
-
1 664
-
pensions
1 178
-
4 353
-
unemployment
1 229
-
4 542
-
other
-
-
-
-
total
5 882
-
30 248
-
Employer
17 661
-
65 262
-
other
-
-
-
-
unemployment
560
-
2 069
-
pensions
2 355
-
8 699
-
health
803
-
2 970
-
total
3 718
-
13 738
-
Corporate
57 621
79 000
-
-
income
14 982
20 540
-
-
total
14 982
20 540
-
-
Dividends
42 640
58 460
-
-
withholding
6 396
8 769
-
-
total
6 396
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 978
29 309
43 986
41 509
After tax
48 022
49 691
35 014
37 491
Living cost
11 779
11 779
11 779
11 779
Free-cash
36 243
37 912
23 235
25 712

Estimated living cost  is ₴11779 per week

₴7112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20517
₴24139
₴27397
₴26233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 319
national
-
-
-
18 754
regional
-
-
-
1 191
municipal
-
-
-
470
total
-
-
-
40 734
Employee
29 091
-
79 000
-
social contributions
9 810
-
26 638
-
municipal
154
-
419
-
regional
392
-
1 063
-
national
4 609
-
16 236
-
total
14 965
-
44 356
-
Employer
29 091
-
79 000
-
total
-
-
-
-
Corporate
49 909
79 000
-
-
nationa
11 978
18 960
-
-
municipal
2 480
3 926
-
-
total
14 458
22 886
-
-
Dividends
35 451
56 114
-
-
withholding
9 217
14 590
-
-
total
9 217
14 590
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 640
37 476
44 356
40 734
After tax
40 360
41 524
34 644
38 266
Living cost
14 127
14 127
14 127
14 127
Free-cash
26 233
27 397
20 517
24 139

Estimated living cost  is ₴14127 per week

₴8786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3668
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23970
₴25966
₴38272
₴32522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 823
income
-
-
-
7 427
health
-
-
-
10 665
solidarity contribution
-
-
-
-
total
-
-
-
36 915
Employee
23 704
-
58 955
-
social contributions
1 541
-
3 832
-
income
2 845
-
7 075
-
health
3 200
-
7 959
-
solidarity contribution
-
-
-
-
total
7 586
-
18 866
-
Employer
23 704
-
58 955
-
health
2 133
-
5 306
-
social contributions
5 926
-
14 739
-
total
8 059
-
20 045
-
Corporate
47 236
79 000
-
-
income
8 975
15 010
-
-
total
8 975
15 010
-
-
Dividends
38 261
63 990
-
-
withholding
5 739
9 599
-
-
total
5 739
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 359
24 609
38 911
36 915
After tax
48 641
54 391
40 089
42 085
Living cost
16 119
16 119
16 119
16 119
Free-cash
32 522
38 272
23 970
25 966

Estimated living cost  is ₴16119 per week

₴11987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3850
₴23883
₴27163
₴26902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 834
health
-
-
-
4 686
unemployment
-
-
-
3 216
pensions
-
-
-
11 334
surtax
-
-
-
-
chamber of commerce
-
-
-
316
total
-
-
-
38 386
Employee
22 924
20 899
61 360
-
income
2 042
1 542
14 841
-
health
887
809
2 371
-
pensions
2 348
2 140
6 274
-
unemployment
688
627
1 838
-
other
229
209
613
-
total
6 194
5 327
25 937
-
Employer
22 924
20 899
61 360
-
other
1 089
992
2 914
-
surtax
-
-
-
-
unemployment
688
627
1 838
-
pensions
2 877
2 623
7 689
-
payroll
688
627
1 841
-
health
867
790
2 316
-
accident
298
272
796
-
chamber of commerce
92
84
246
-
total
6 599
6 015
17 640
-
Corporate
49 479
52 086
59 370
-
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.

12 369
13 021
14 842
-
total
12 369
13 021
14 842
-
Dividends
37 109
39 065
-
-
withholding
10 205
10 743
-
-
total
10 205
10 743
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 367
35 106
58 419
38 386
After tax
43 633
43 894
20 581
40 614
Living cost
16 731
16 731
16 731
16 731
Free-cash
26 902
27 163
3 850
23 883

Estimated living cost  is ₴16731 per week

₴10037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1709
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.
₴4687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56204
₴71214
₴68054
₴66742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 745
-
79 000
-
income
1 749
-
15 800
-
total
1 749
-
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%.

70 255
79 000
-
-
total
-
-
-
-
Dividends
70 255
79 000
-
-
withholding
3 513
3 950
-
-
total
3 513
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 262
3 950
15 800
790
After tax
73 738
75 050
63 200
78 210
Living cost
6 996
6 996
6 996
6 996
Free-cash
66 742
68 054
56 204
71 214

Estimated living cost  is ₴6996 per week

₴4734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴294
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.
₴1733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23103
₴25198
₴40325
₴35938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 418
health
-
-
-
7 773
unemployment
-
-
-
118
pensions
-
-
-
14 427
total
-
-
-
39 736
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.

23 190
-
68 356
-
income
3 999
-
16 080
-
health
1 498
-
4 416
-
pensions
3 595
-
10 595
-
unemployment
33
-
96
-
total
9 125
-
31 187
-
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.

23 190
-
68 356
-
unemployment
14
-
41
-
pensions
2 052
-
6 050
-
health
1 545
-
4 553
-
total
3 611
-
10 644
-
Corporate
52 199
79 000
-
-
income
9 918
15 010
-
-
total
9 918
15 010
-
-
Dividends
42 281
63 990
-
-
withholding
6 342
9 599
-
-
total
6 342
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 996
24 609
41 831
39 736
After tax
50 004
54 391
37 169
39 264
Living cost
14 066
14 066
14 066
14 066
Free-cash
35 938
40 325
23 103
25 198

Estimated living cost  is ₴14066 per week

₴9653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
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.
₴3239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46776
₴29900
₴23369
-₴6337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 409
-
-
-
social contributions
2 904
-
414
-
income
7 811
-
-
-
total
10 715
-
414
-
Employer
35 409
-
-
-
social contributions
49 927
-
7 115
-
total
49 927
-
7 115
-
Corporate
-
79 000
-
-
income
-
17 380
-
-
total
-
17 380
-
-
Dividends
-
61 620
-
-
income
-
13 556
-
-
total
-
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
60 642
30 936
7 529
24 405
After tax
18 358
48 064
71 471
54 595
Living cost
24 695
24 695
24 695
24 695
Free-cash
-6 337
23 369
46 776
29 900

Estimated living cost  is ₴24695 per week

₴16023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴6035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20727
₴26328
₴28486
₴27959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 452
income
-
-
-
8 771
surtax
-
-
-
-
total
-
-
-
36 223
Employee
24 119
-
63 838
-
social contributions
2 653
-
7 022
-
income
5 017
-
19 640
-
surtax
-
-
-
-
total
7 670
-
26 662
-
Employer
24 119
-
63 838
-
social contributions
5 728
-
15 162
-
total
5 728
-
15 162
-
Corporate
49 152
79 000
-
-
surtax
-
-
-
-
income
10 322
16 590
-
-
total
10 322
16 590
-
-
Dividends
38 830
62 410
-
-
withholding
10 872
17 475
-
-
total
10 872
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 592
34 065
41 824
36 223
After tax
44 408
44 935
37 176
42 777
Living cost
16 449
16 449
16 449
16 449
Free-cash
27 959
28 486
20 727
26 328

Estimated living cost  is ₴16449 per week

₴12308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19580
₴19406
₴14486
₴18091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 251
income
-
-
-
11 280
health
-
-
-
2 923
other
-
-
-
2 449
pensions
-
-
-
15 362
surtax
-
-
-
-
total
-
-
-
34 265
Employee
32 846
-
61 961
-
social contributions
935
-
1 765
-
income
2 866
-
11 319
-
surtax
-
-
-
-
pensions
3 715
-
3 968
-
total
7 516
-
17 052
-
Employer
32 846
-
61 961
-
other
1 134
-
2 272
-
unemployment
1 331
-
2 510
-
pensions
5 397
-
6 741
-
health
2 299
-
5 330
-
social contributions
99
-
186
-
total
10 260
-
17 039
-
Corporate
35 896
79 000
-
-
surtax
-
-
-
-
income
10 050
22 120
-
-
total
10 050
22 120
-
-
Dividends
25 845
56 880
-
-
withholding
3 308
7 281
-
-
surtax
-
-
-
-
social contributions
4 446
9 784
-
-
total
7 754
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 580
39 185
34 091
34 265
After tax
43 420
39 815
44 909
44 735
Living cost
25 329
25 329
25 329
25 329
Free-cash
18 091
14 486
19 580
19 406

Estimated living cost  is ₴25329 per week

₴17142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44978
₴42878
₴55336
₴53575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 978
social contributions
-
-
-
17 380
total
-
-
-
20 358
Employee
16 860
-
68 398
-
social contributions
1 096
-
4 446
-
income
-
-
3 210
-
total
1 096
-
7 656
-
Employer
16 860
-
68 398
-
social contributions
2 613
-
10 602
-
total
2 613
-
10 602
-
Corporate
59 527
79 000
-
-
income
5 952
7 900
-
-
total
5 952
7 900
-
-
Dividends
53 575
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 661
7 900
18 258
20 358
After tax
69 339
71 100
60 742
58 642
Living cost
15 764
15 764
15 764
15 764
Free-cash
53 575
55 336
44 978
42 878

Estimated living cost  is ₴15764 per week

₴10193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35048
₴22145
-₴35048
-₴35048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 843
pensions
-
-
-
454
labour market
-
-
-
6 284
municipal
-
-
-
16 064
total
-
-
-
31 645
Employee
106 405
106 405
106 405
-
municipal
22 658
22 658
22 658
-
national
12 999
12 999
12 999
-
pensions
151
151
151
-
labour market
8 500
8 500
8 500
-
total
44 308
44 308
44 308
-
Employer
106 405
106 405
106 405
-
national
13 022
13 022
13 022
-
pensions
302
302
302
-
labour market
8 512
8 512
8 512
-
municipal
22 694
22 694
22 694
-
total
44 530
44 530
44 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
88 838
88 838
88 838
31 645
After tax
-9 838
-9 838
-9 838
47 355
Living cost
25 210
25 210
25 210
25 210
Free-cash
-35 048
-35 048
-35 048
22 145

Estimated living cost  is ₴25210 per week

₴17254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31134
₴42730
-₴4922
₴4664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
132
income
-
-
-
21 311
health
-
-
-
1 139
other
-
-
-
194
pensions
-
-
-
2 173
total
-
-
-
24 949
Employee
17 809
-
70 347
-
income
2 443
-
15 853
-
health
2 039
-
8 055
-
pensions
2 005
-
3 985
-
total
6 487
-
27 893
-
Employer
17 809
-
70 347
-
unemployment
436
-
1 723
-
pensions
2 896
-
5 754
-
accident
297
-
1 175
-
total
3 629
-
8 652
-
Corporate
57 561
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.

51 805
71 100
-
-
total
51 805
71 100
-
-
Dividends
5 756
7 900
-
-
withholding
1 094
1 501
-
-
total
1 094
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 015
72 601
36 545
24 949
After tax
15 985
6 399
42 455
54 051
Living cost
11 321
11 321
11 321
11 321
Free-cash
4 664
-4 922
31 134
42 730

Estimated living cost  is ₴11321 per week

₴8241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴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

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
₴22158
₴32764
₴30200
₴31198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
11 064
health
-
-
-
998
municipal
-
-
-
14 040
total
-
-
-
26 102
Employee
27 591
-
66 460
-
municipal
4 519
-
10 831
-
health
206
-
804
-
national
456
-
7 049
-
pensions
1 862
-
4 486
-
unemployment
414
-
997
-
total
7 457
-
24 167
-
Employer
27 591
-
66 460
-
unemployment
179
-
432
-
pensions
4 787
-
11 530
-
health
212
-
512
-
accident
28
-
67
-
total
5 206
-
12 541
-
Corporate
46 203
79 000
-
-
income
9 240
15 800
-
-
total
9 240
15 800
-
-
Dividends

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

27 722
47 400
-
-
municipal
4 990
8 532
-
-
national
775
4 334
-
-
total
5 765
12 866
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 668
28 666
36 708
26 102
After tax
51 332
50 334
42 292
52 898
Living cost
20 134
20 134
20 134
20 134
Free-cash
31 198
30 200
22 158
32 764

Estimated living cost  is ₴20134 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41794
₴42525
₴45532
₴42678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 485
income
-
-
-
13 834
health
-
-
-
2 014
total
-
-
-
24 333
Employee
40 326
40 326
73 133
-
social contributions
1 525
3 347
4 514
-
income
4 391
3 733
13 441
-
health
312
686
1 243
-
total
6 228
7 766
19 198
-
Employer
40 326
40 326
73 133
-
health
339
746
1 352
-
social contributions
1 525
3 347
4 514
-
total
1 864
4 093
5 866
-
Corporate
58 766
34 581
-
-
income
7 346
4 323
-
-
total
7 346
4 323
-
-
Dividends
51 421
30 258
-
-
withholding
8 742
5 144
-
-
total
8 742
5 144
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 180
21 326
25 064
24 333
After tax
54 820
57 674
53 936
54 667
Living cost
12 142
12 142
12 142
12 142
Free-cash
42 678
45 532
41 794
42 525

Estimated living cost  is ₴12142 per week

₴7277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46978
₴57497
₴57094
₴54425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 928
health
-
-
-
1 898
unemployment
-
-
-
15
pensions
-
-
-
3 336
total
-
-
-
13 177
Employee

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

12 037
-
73 875
-
income
823
-
6 627
-
health
1 023
-
4 230
-
pensions
1 805
-
7 464
-
unemployment
60
-
249
-
total
3 711
-
18 570
-
Employer

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

12 037
-
73 875
-
unemployment
60
-
249
-
pensions
662
-
2 737
-
health
518
-
2 140
-
total
1 240
-
5 126
-
Corporate
65 724
79 000
-
-
income
5 915
7 110
-
-
total
5 915
7 110
-
-
Dividends
59 808
71 890
-
-
withholding
5 383
6 470
-
-
total
5 383
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 249
13 580
23 696
13 177
After tax
62 751
65 420
55 304
65 823
Living cost
8 326
8 326
8 326
8 326
Free-cash
54 425
57 094
46 978
57 497

Estimated living cost  is ₴8326 per week

₴5312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27863
₴30063
₴38399
₴35995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
income
-
-
-
19 933
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 756
total
-
-
-
34 516
Employee
19 391
-
63 504
-
income
3 738
-
18 133
-
pensions
912
-
2 285
-
unemployment
301
-
753
-
other
19
-
49
-
total
4 970
-
21 220
-
Employer
19 391
-
63 504
-
other
155
-
389
-
unemployment
1 067
-
2 673
-
pensions
4 576
-
11 472
-
accident
384
-
962
-
total
6 182
-
15 496
-
Corporate
53 427
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.

8 014
11 850
-
-
total
8 014
11 850
-
-
Dividends
45 412
67 150
-
-
withholding
9 418
14 330
-
-
total
9 418
14 330
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 584
26 180
36 716
34 516
After tax
50 416
52 820
42 284
44 484
Living cost
14 421
14 421
14 421
14 421
Free-cash
35 995
38 399
27 863
30 063

Estimated living cost  is ₴14421 per week

₴9734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1386
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49885
₴49947
₴48412
₴48268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 057
health
-
-
-
467
pensions
-
-
-
645
total
-
-
-
28 169
Employee
1 346
-
78 275
-
income
260
-
27 023
-
health
67
-
161
-
pensions
121
-
290
-
unemployment
13
-
32
-
total
461
-
27 506
-
Employer
1 346
-
78 275
-
unemployment
27
-
64
-
pensions
148
-
355
-
health
128
-
306
-
total
303
-
725
-
Corporate
77 351
79 000
-
-
income
17 017
17 380
-
-
total
17 017
17 380
-
-
Dividends
60 334
61 620
-
-
withholding
12 067
12 324
-
-
total
12 067
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 848
29 704
28 231
28 169
After tax
49 152
49 296
50 769
50 831
Living cost
884
884
884
884
Free-cash
48 268
48 412
49 885
49 947

Estimated living cost  is ₴884 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37744
₴37743
₴48017
₴45440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 562
health
-
-
-
3 988
unemployment
-
-
-
581
pensions
-
-
-
10 066
total
-
-
-
32 197
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.

13 662
-
72 070
-
income
1 883
-
17 562
-
health
704
-
1 994
-
pensions
1 913
-
5 420
-
unemployment
102
-
290
-
total
4 602
-
25 266
-
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.

13 662
-
72 070
-
unemployment
102
-
290
-
pensions
1 639
-
4 646
-
health
704
-
1 994
-
total
2 445
-
6 930
-
Corporate
62 893
79 000
-
-
income
9 434
11 850
-
-
total
9 434
11 850
-
-
Dividends
53 459
67 150
-
-
withholding
8 019
10 073
-
-
total
8 019
10 073
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 500
21 923
32 196
32 197
After tax
54 500
57 077
46 804
46 803
Living cost
9 060
9 060
9 060
9 060
Free-cash
45 440
48 017
37 744
37 743

Estimated living cost  is ₴9060 per week

₴6100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23038
₴28639
₴30797
₴30608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 452
income
-
-
-
8 771
surtax
-
-
-
-
total
-
-
-
36 223
Employee
20 354
-
63 838
-
social contributions
2 239
-
7 022
-
income
3 977
-
19 640
-
surtax
-
-
-
-
total
6 216
-
26 662
-
Employer
20 354
-
63 838
-
social contributions
4 834
-
15 162
-
total
4 834
-
15 162
-
Corporate
53 812
79 000
-
-
surtax
-
-
-
-
income
11 300
16 590
-
-
total
11 300
16 590
-
-
Dividends
42 512
62 410
-
-
withholding
11 904
17 475
-
-
total
11 904
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 254
34 065
41 824
36 223
After tax
44 746
44 935
37 176
42 777
Living cost
14 138
14 138
14 138
14 138
Free-cash
30 608
30 797
23 038
28 639

Estimated living cost  is ₴14138 per week

₴10014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴23853
₴26053
₴34389
₴30738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
income
-
-
-
19 933
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 756
total
-
-
-
34 516
Employee
25 327
-
63 504
-
income
5 290
-
18 133
-
pensions
1 190
-
2 285
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 897
-
21 220
-
Employer
25 327
-
63 504
-
other
203
-
389
-
unemployment
1 393
-
2 673
-
pensions
5 977
-
11 472
-
accident
502
-
962
-
total
8 075
-
15 496
-
Corporate
45 598
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.

6 840
11 850
-
-
total
6 840
11 850
-
-
Dividends
38 758
67 150
-
-
withholding
8 019
14 330
-
-
total
8 019
14 330
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 831
26 180
36 716
34 516
After tax
49 169
52 820
42 284
44 484
Living cost
18 431
18 431
18 431
18 431
Free-cash
30 738
34 389
23 853
26 053

Estimated living cost  is ₴18431 per week

₴13236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56289
₴53327
₴58582
₴55408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 850
health
-
-
-
2 093
unemployment
-
-
-
73
pensions

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

-
-
-
2 694
total
-
-
-
16 710
Employee
11 868
-
75 429
-
income
1 187
-
7 543
-
accident

We are using the highest rate at 1.1%.

130
-
200
-
health
546
-
837
-
pensions

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

1 042
-
1 598
-
total
2 905
-
10 178
-
Employer
11 868
-
75 429
-
unemployment
71
-
109
-
pensions

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

1 308
-
2 005
-
health
819
-
1 256
-
accident

We are using the highest rate at 1.1%.

130
-
200
-
total
2 328
-
3 570
-
Corporate
64 803
79 000
-
-
income
6 480
7 900
-
-
total
6 480
7 900
-
-
Dividends
58 323
71 100
-
-
withholding
2 916
3 555
-
-
total
2 916
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 629
11 455
13 748
16 710
After tax
64 371
67 545
65 252
62 290
Living cost
8 963
8 963
8 963
8 963
Free-cash
55 408
58 582
56 289
53 327

Estimated living cost  is ₴8963 per week

₴5928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30972
₴23135
₴20433
₴27292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
22 936
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.

-
-
-
3 583
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.

-
-
-
1 262
trade
-
-
-
7 837
total
-
-
-
35 618
Employee

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

26 093
-
79 000
-
income

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

2 146
-
22 936
-
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.

118
-
1 262
-
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.

3 583
-
3 583
-
total
5 847
-
27 781
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 907
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.

437
652
-
-
income
7 936
11 850
-
-
chamber of commerce
157
195
-
-
trade
7 592
11 336
-
-
total
16 122
24 033
-
-
Dividends
36 784
54 967
-
-
withholding
8 997
13 543
-
-
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.

495
744
-
-
total
9 492
14 287
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 461
38 320
27 781
35 618
After tax
47 539
40 680
51 219
43 382
Living cost
20 247
20 247
20 247
20 247
Free-cash
27 292
20 433
30 972
23 135

Estimated living cost  is ₴20247 per week

₴13967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
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.
₴3808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13323
₴13323
₴25426
₴26584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 932
social contributions
-
-
-
12 871
total
-
-
-
35 803
Employee
41 022
-
79 000
-
social contributions
3 408
-
12 871
-
income
7 741
-
22 932
-
total
11 149
-
35 803
-
Employer
41 022
-
79 000
-
total
-
-
-
-
Corporate
37 978
79 000
-
-
income
4 747
9 875
-
-
total
4 747
9 875
-
-
Dividends
33 231
69 125
-
-
withholding
6 646
13 825
-
-
total
6 646
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 542
23 700
35 803
35 803
After tax
56 458
55 300
43 197
43 197
Living cost
29 874
29 874
29 874
29 874
Free-cash
26 584
25 426
13 323
13 323

Estimated living cost  is ₴29874 per week

₴22727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2434
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.
₴4427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37950
₴41809
₴29542
₴31376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 928
health

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

-
-
-
3 226
total
-
-
-
18 154
Employee
24 058
-
76 588
-
social contributions
2 410
-
2 412
-
income
2 610
-
17 189
-
total
5 020
-
19 601
-
Employer
24 058
-
76 588
-
social contributions
2 410
-
2 412
-
total
2 410
-
2 412
-
Corporate
52 532
79 000
-
-
income
18 386
27 650
-
-
total
18 386
27 650
-
-
Dividends
34 146
51 350
-
-
social contributions
2 771
2 771
-
-
total
2 771
2 771
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 587
30 421
22 013
18 154
After tax
50 413
48 579
56 987
60 846
Living cost
19 037
19 037
19 037
19 037
Free-cash
31 376
29 542
37 950
41 809

Estimated living cost  is ₴19037 per week

₴12539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26641
₴33866
₴33641
₴36671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 123
pensions
-
-
-
4 461
total
-
-
-
25 584
Employee
26 835
-
69 138
-
income
4 887
-
16 304
-
health
350
-
1 056
-
pensions
2 048
-
5 587
-
total
7 285
-
22 947
-
Employer
26 835
-
69 138
-
pensions
2 711
-
8 549
-
health
510
-
1 313
-
total
3 221
-
9 862
-
Corporate
48 944
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.

9 300
15 010
-
-
total
9 300
15 010
-
-
Dividends
39 644
63 990
-
-
withholding
2 973
10 799
-
-
total
2 973
10 799
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 779
25 809
32 809
25 584
After tax
56 221
53 191
46 191
53 416
Living cost
19 550
19 550
19 550
19 550
Free-cash
36 671
33 641
26 641
33 866

Estimated living cost  is ₴19550 per week

₴13411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1798
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.
₴4095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30013
₴41609
-₴6043
₴4492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
132
income
-
-
-
21 311
health
-
-
-
1 139
other
-
-
-
194
pensions
-
-
-
2 173
total
-
-
-
24 949
Employee
19 572
-
70 347
-
income
2 685
-
15 853
-
health
2 241
-
8 055
-
pensions
2 204
-
3 985
-
total
7 130
-
27 893
-
Employer
19 572
-
70 347
-
unemployment
479
-
1 723
-
pensions
3 182
-
5 754
-
accident
327
-
1 175
-
total
3 988
-
8 652
-
Corporate
55 439
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.

49 895
71 100
-
-
total
49 895
71 100
-
-
Dividends
5 544
7 900
-
-
withholding
1 053
1 501
-
-
total
1 053
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 066
72 601
36 545
24 949
After tax
16 934
6 399
42 455
54 051
Living cost
12 442
12 442
12 442
12 442
Free-cash
4 492
-6 043
30 013
41 609

Estimated living cost  is ₴12442 per week

₴9131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴725
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.
₴2335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴47541
₴37362
₴59386
₴56929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
5 846
income
-
-
-
12 821
work injury
-
-
-
395
unemployment
-
-
-
948
pensions
-
-
-
14 536
total
-
-
-
34 546
Employee

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

11 347
-
79 000
-
work injury
57
-
210
-
income
1 135
-
12 821
-
health insurance
840
-
3 107
-
pensions
2 088
-
7 725
-
unemployment
136
-
504
-
total
4 256
-
24 367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 653
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%.

677
790
-
-
total
677
790
-
-
Dividends
66 976
78 210
-
-
withholding
10 046
11 732
-
-
total
10 046
11 732
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 979
12 522
24 367
34 546
After tax
64 021
66 478
54 633
44 454
Living cost
7 092
7 092
7 092
7 092
Free-cash
56 929
59 386
47 541
37 362

Estimated living cost  is ₴7092 per week

₴4394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13188
₴16712
₴20720
₴18334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 319
national
-
-
-
18 754
regional
-
-
-
1 795
municipal
-
-
-
528
total
-
-
-
41 396
Employee
44 191
-
79 000
-
social contributions
14 901
-
26 638
-
municipal
264
-
472
-
regional
667
-
1 574
-
national
7 468
-
16 236
-
total
23 300
-
44 920
-
Employer
44 191
-
79 000
-
total
-
-
-
-
Corporate
34 809
79 000
-
-
nationa
8 354
18 960
-
-
municipal
1 678
3 808
-
-
total
10 032
22 768
-
-
Dividends
24 777
56 232
-
-
withholding
6 442
14 620
-
-
total
6 442
14 620
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 774
37 388
44 920
41 396
After tax
39 226
41 612
34 080
37 604
Living cost
20 892
20 892
20 892
20 892
Free-cash
18 334
20 720
13 188
16 712

Estimated living cost  is ₴20892 per week

₴14675
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.
₴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.
₴4463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close