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
₴25009
₴35899
₴27046
₴30430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 605
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.

-
-
-
1 299
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.

-
-
-
3 349
trade
-
-
-
8 853
total
-
-
-
37 106
Employee

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

18 750
-
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.

29
-
1 299
-
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.

524
-
23 605
-
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.

3 349
-
3 349
-
total
3 902
-
28 253
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 250
79 000
-
-
income
9 038
11 850
-
-
surtax

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

497
652
-
-
chamber of commerce
161
188
-
-
trade
9 490
12 442
-
-
total
19 186
25 132
-
-
Dividends
41 065
53 868
-
-
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.

554
730
-
-
withholding
10 080
13 281
-
-
total
10 634
14 011
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 722
39 143
28 253
37 106
After tax
45 278
39 857
50 747
41 894
Living cost
14 848
14 848
14 848
14 848
Free-cash
30 430
25 009
35 899
27 046

Estimated living cost  is ₴14848 per week

₴9340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23326
₴21458
₴20839
₴22894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 575
national
-
-
-
13 287
pensions
-
-
-
9 480
total
-
-
-
32 191
Employee
40 258
-
68 295
-
municipal
4 973
-
8 881
-
pensions
1 610
-
2 732
-
national
7 705
-
13 761
-
total
14 288
-
25 374
-
Employer
40 258
-
68 295
-
pensions
3 221
-
5 464
-
social contributions
433
-
734
-
total
3 654
-
6 198
-
Corporate
32 431
79 000
-
-
income

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

6 486
15 800
-
-
total
6 486
15 800
-
-
Dividends
25 945
63 200
-
-
withholding
5 708
13 904
-
-
total
5 708
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 136
29 704
31 572
32 191
After tax
48 864
49 296
47 428
46 809
Living cost
25 970
25 970
25 970
25 970
Free-cash
22 894
23 326
21 458
20 839

Estimated living cost  is ₴25970 per week

₴17652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53001
₴37264
₴16432
₴48980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 442
surtax
-
-
-
20 145
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.

-
-
-
18 782
microenterprise
-
-
-
-
total
-
-
-
52 369
Employee
14 324
-
57 766
-
surtax
-
-
-
-
social contributions

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

1 576
-
6 355
-
income
2 550
-
11 266
-
total
4 126
-
17 621
-
Employer
14 324
-
57 766
-
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.

3 450
-
13 916
-
surtax
-
-
-
-
total
3 450
-
13 916
-
Corporate
61 225
79 000
-
-
income

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

12 245
15 800
-
-
total
12 245
15 800
-
-
Dividends

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

48 980
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 821
15 800
31 537
52 369
After tax
59 179
63 200
47 463
26 631
Living cost
10 199
10 199
10 199
10 199
Free-cash
48 980
53 001
37 264
16 432

Estimated living cost  is ₴10199 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18467
₴28022
₴23590
₴15464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 085
health
-
-
-
6 045
pensions
-
-
-
5 744
total
-
-
-
34 874
Employee
41 863
41 863
69 890
-
pensions
7 535
5 744
5 744
-
income

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

6 852
6 852
9 542
-
health
6 425
5 465
6 045
-
total
20 812
18 061
21 331
-
Employer
41 863
41 863
69 890
-
health
2 910
2 910
3 616
-
pensions
2 914
2 914
3 622
-
unemployment
1 507
1 507
1 873
-
total
7 331
7 331
9 111
-
Corporate
30 320
29 807
-
-
income
6 064
5 961
-
-
total
6 064
5 961
-
-
Dividends
24 256
23 846
-
-
income
5 155
5 067
-
-
withholding
3 638
3 577
-
-
total
8 793
8 644
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 000
39 997
30 442
34 874
After tax
36 000
39 003
48 558
44 126
Living cost
20 536
20 536
20 536
20 536
Free-cash
15 464
18 467
28 022
23 590

Estimated living cost  is ₴20536 per week

₴14553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22969
₴20529
₴21019
₴22517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 136
unemployment
-
-
-
44
health
-
-
-
2 758
municipal
-
-
-
19 740
national
-
-
-
5 272
pensions
-
-
-
4 778
total
-
-
-
37 816
Employee
28 734
-
65 114
-
municipal
8 568
-
19 417
-
national
-
-
5 002
-
total
8 568
-
24 419
-
Employer
28 734
-
65 114
-
health
1 767
-
2 718
-
pensions
3 106
-
4 778
-
accident
57
-
88
-
unemployment
759
-
1 167
-
other
3 339
-
5 136
-
total
9 028
-
13 887
-
Corporate
41 238
79 000
-
-
income
9 072
17 380
-
-
total
9 072
17 380
-
-
Dividends
32 166
61 620
-
-
withholding
9 650
18 486
-
-
total
9 650
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 318
35 866
38 306
37 816
After tax
42 682
43 134
40 694
41 184
Living cost
20 165
20 165
20 165
20 165
Free-cash
22 517
22 969
20 529
21 019

Estimated living cost  is ₴20165 per week

₴13365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1979
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.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20192
₴31489
₴22243
₴27080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 605
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.

-
-
-
1 299
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.

-
-
-
3 349
trade
-
-
-
9 246
total
-
-
-
37 499
Employee

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

24 860
-
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.

117
-
1 299
-
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.

2 136
-
23 605
-
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.

3 349
-
3 349
-
total
5 602
-
28 253
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 140
79 000
-
-
income
8 121
11 850
-
-
surtax

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

447
652
-
-
chamber of commerce
152
187
-
-
trade
8 906
12 995
-
-
total
17 626
25 684
-
-
Dividends
36 514
53 316
-
-
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.

492
723
-
-
withholding
8 942
13 143
-
-
total
9 434
13 866
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 662
39 550
28 253
37 499
After tax
46 338
39 450
50 747
41 501
Living cost
19 258
19 258
19 258
19 258
Free-cash
27 080
20 192
31 489
22 243

Estimated living cost  is ₴19258 per week

₴12880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41754
₴37750
₴38465
₴39722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 689
social contributions
-
-
-
7 932
health
-
-
-
2 014
total
-
-
-
24 635
Employee
37 695
37 695
73 422
-
social contributions
1 832
3 129
4 220
-
income
3 958
3 489
14 304
-
health
375
641
1 248
-
total
6 165
7 259
19 772
-
Employer
37 695
37 695
73 422
-
health
408
698
1 358
-
social contributions
1 832
3 129
4 220
-
total
2 240
3 827
5 578
-
Corporate
54 695
37 478
-
-
income
6 837
4 685
-
-
total
6 837
4 685
-
-
Dividends
47 858
32 794
-
-
withholding
8 136
5 575
-
-
total
8 136
5 575
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 378
21 346
25 350
24 635
After tax
55 622
57 654
53 650
54 365
Living cost
15 900
15 900
15 900
15 900
Free-cash
39 722
41 754
37 750
38 465

Estimated living cost  is ₴15900 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
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.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35424
₴36825
₴45756
₴35611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 185
health
-
-
-
5 530
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.

12 950
5 154
66 109
-
unemployment
194
77
992
-
pensions
1 295
515
6 611
-
income
1 583
630
8 082
-
health
907
361
4 628
-
total
3 979
1 583
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.

12 950
5 154
66 109
-
pensions
2 525
1 005
12 891
-
total
2 525
1 005
12 891
-
Corporate
63 524
72 841
-
-
income
5 717
6 556
-
-
total
5 717
6 556
-
-
Dividends
57 807
66 285
-
-
social contributions
11 214
12 867
-
-
withholding
10 983
12 594
-
-
total
22 197
25 461
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 418
34 605
33 204
24 273
After tax
44 582
44 395
45 796
54 727
Living cost
8 971
8 971
8 971
8 971
Free-cash
35 611
35 424
36 825
45 756

Estimated living cost  is ₴8971 per week

₴6122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51359
₴33692
₴30503
₴48312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
13 907
-
59 043
-
unemployment
222
-
944
-
pensions
278
-
1 181
-
income
1 566
-
11 384
-
total
2 066
-
13 509
-
Employer
13 907
-
59 043
-
health
1 808
-
7 676
-
pensions
2 782
-
11 809
-
unemployment
112
-
473
-
total
4 702
-
19 958
-
Corporate
60 393
79 000
-
-
income
12 079
15 800
-
-
total
12 079
15 800
-
-
Dividends
48 314
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 847
15 800
33 467
36 656
After tax
60 153
63 200
45 533
42 344
Living cost
11 841
11 841
11 841
11 841
Free-cash
48 312
51 359
33 692
30 503

Estimated living cost  is ₴11841 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4515
₴31703
₴43121
₴4725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 510
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
24 965
Employee
17 169
-
70 624
-
pensions
1 933
-
3 785
-
income
2 355
-
16 136
-
health
1 966
-
8 087
-
total
6 254
-
28 008
-
Employer
17 169
-
70 624
-
pensions
2 792
-
5 466
-
accident
287
-
1 179
-
unemployment
421
-
1 730
-
total
3 500
-
8 375
-
Corporate
58 332
79 000
-
-
income

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

52 499
71 100
-
-
total
52 499
71 100
-
-
Dividends
5 833
7 900
-
-
withholding
1 108
1 501
-
-
total
1 108
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 361
72 601
36 383
24 965
After tax
15 639
6 399
42 617
54 035
Living cost
10 914
10 914
10 914
10 914
Free-cash
4 725
-4 515
31 703
43 121

Estimated living cost  is ₴10914 per week

₴7999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71039
₴59189
₴74199
₴70287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 014
-
79 000
-
income
1 003
-
15 800
-
total
1 003
-
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%.

73 986
79 000
-
-
total
-
-
-
-
Dividends
73 986
79 000
-
-
withholding
3 699
3 950
-
-
total
3 699
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 702
3 950
15 800
790
After tax
74 298
75 050
63 200
78 210
Living cost
4 011
4 011
4 011
4 011
Free-cash
70 287
71 039
59 189
74 199

Estimated living cost  is ₴4011 per week

₴2486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44979
₴31886
₴29729
₴41670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 497
other
-
-
-
3 541
health
-
-
-
3 280
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.

-
-
-
17 891
total
-
-
-
36 209
Employee
17 799
-
63 098
-
unemployment
178
-
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.

1 246
-
4 417
-
income
3 064
-
12 217
-
health
249
-
884
-
total
4 737
-
18 149
-
Employer
17 799
-
63 098
-
health
249
-
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.

3 026
-
10 727
-
accident
142
-
505
-
unemployment
178
-
631
-
other
890
-
3 156
-
total
4 485
-
15 903
-
Corporate
56 715
79 000
-
-
income
11 910
16 590
-
-
total
11 910
16 590
-
-
Dividends
44 805
62 410
-
-
withholding
3 136
4 369
-
-
total
3 136
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 268
20 959
34 052
36 209
After tax
54 732
58 041
44 948
42 791
Living cost
13 062
13 062
13 062
13 062
Free-cash
41 670
44 979
31 886
29 729

Estimated living cost  is ₴13062 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19815
₴13071
₴20260
₴19832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 835
pensions
-
-
-
4 253
total
-
-
-
26 088
Employee
46 198
-
69 076
-
pensions
4 457
-
5 282
-
income
8 328
-
17 041
-
health
761
-
1 029
-
total
13 546
-
23 352
-
Employer
46 198
-
69 076
-
health
877
-
1 313
-
pensions
5 455
-
8 612
-
total
6 332
-
9 925
-
Corporate
26 470
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.

5 029
15 010
-
-
total
5 029
15 010
-
-
Dividends
21 441
63 990
-
-
withholding
1 609
11 523
-
-
total
1 609
11 523
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 516
26 533
33 277
26 088
After tax
52 484
52 467
45 723
52 912
Living cost
32 652
32 652
32 652
32 652
Free-cash
19 832
19 815
13 071
20 260

Estimated living cost  is ₴32652 per week

₴24467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61118
₴59169
₴56152
₴58841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
68
health
-
-
-
1 969
pensions

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

-
-
-
2 534
total
-
-
-
16 421
Employee
8 511
-
75 640
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 504
-
income
851
-
7 564
-
health
391
-
788
-
total
2 083
-
10 044
-
Employer
8 511
-
75 640
-
health
587
-
1 182
-
pensions

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

938
-
1 887
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 670
-
3 360
-
Corporate
68 819
79 000
-
-
income
6 882
7 900
-
-
total
6 882
7 900
-
-
Dividends
61 937
71 100
-
-
withholding
3 097
3 555
-
-
total
3 097
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 732
11 455
13 404
16 421
After tax
65 268
67 545
65 596
62 579
Living cost
6 427
6 427
6 427
6 427
Free-cash
58 841
61 118
59 169
56 152

Estimated living cost  is ₴6427 per week

₴3752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11820
₴21375
₴16943
₴13054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 085
health
-
-
-
6 045
pensions
-
-
-
5 744
total
-
-
-
34 874
Employee
45 449
41 863
69 890
-
pensions
5 744
5 744
5 744
-
income

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

6 852
6 852
9 542
-
health
5 670
5 465
6 045
-
total
18 266
18 061
21 331
-
Employer
45 449
41 863
69 890
-
health
3 158
2 910
3 616
-
pensions
3 163
2 914
3 622
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 331
9 111
-
Corporate
25 593
29 807
-
-
income
5 118
5 961
-
-
total
5 118
5 961
-
-
Dividends
20 475
23 846
-
-
income
4 351
5 067
-
-
withholding
3 071
3 577
-
-
total
7 422
8 644
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 763
39 997
30 442
34 874
After tax
40 237
39 003
48 558
44 126
Living cost
27 183
27 183
27 183
27 183
Free-cash
13 054
11 820
21 375
16 943

Estimated living cost  is ₴27183 per week

₴20052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
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.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42219
₴27917
₴31024
₴37876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 623
social contributions
-
-
-
17 516
solidarity contribution
-
-
-
-
health
-
-
-
10 665
total
-
-
-
35 804
Employee
17 901
-
58 955
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 832
-
income
2 148
-
7 075
-
health
2 417
-
7 959
-
total
5 729
-
18 866
-
Employer
17 901
-
58 955
-
health
1 611
-
5 306
-
social contributions
4 475
-
14 739
-
total
6 086
-
20 045
-
Corporate
55 013
79 000
-
-
income
10 453
15 010
-
-
total
10 453
15 010
-
-
Dividends
44 561
63 990
-
-
withholding
6 684
9 599
-
-
total
6 684
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 952
24 609
38 911
35 804
After tax
50 048
54 391
40 089
43 196
Living cost
12 172
12 172
12 172
12 172
Free-cash
37 876
42 219
27 917
31 024

Estimated living cost  is ₴12172 per week

₴8455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21465
₴13932
₴17501
₴18906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
925
municipal
-
-
-
470
national
-
-
-
19 100
total
-
-
-
40 814
Employee
43 567
-
79 000
-
municipal
231
-
419
-
national
7 549
-
16 510
-
regional
411
-
815
-
social contributions
14 691
-
26 639
-
total
22 882
-
44 383
-
Employer
43 567
-
79 000
-
total
-
-
-
-
Corporate
35 433
79 000
-
-
municipal
1 381
3 081
-
-
nationa
8 504
18 960
-
-
total
9 885
22 041
-
-
Dividends
25 547
56 959
-
-
withholding
6 642
14 809
-
-
total
6 642
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 409
36 850
44 383
40 814
After tax
39 591
42 150
34 617
38 186
Living cost
20 685
20 685
20 685
20 685
Free-cash
18 906
21 465
13 932
17 501

Estimated living cost  is ₴20685 per week

₴14419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38874
₴23609
₴26664
₴37348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 637
other
-
-
-
-
surtax
-
-
-
3 040
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 085
total
-
-
-
41 519
Employee
16 211
-
65 262
-
other
-
-
-
-
unemployment
1 128
-
4 543
-
pensions
1 081
-
4 353
-
surtax
53
-
2 545
-
income
2 717
-
17 732
-
health
414
-
1 664
-
total
5 393
-
30 837
-
Employer
16 211
-
65 262
-
health
738
-
2 969
-
pensions
2 161
-
8 699
-
unemployment
514
-
2 069
-
other
-
-
-
-
total
3 413
-
13 737
-
Corporate
59 377
79 000
-
-
income
15 438
20 540
-
-
total
15 438
20 540
-
-
Dividends
43 939
58 460
-
-
withholding
6 591
8 769
-
-
total
6 591
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 835
29 309
44 574
41 519
After tax
48 165
49 691
34 426
37 481
Living cost
10 817
10 817
10 817
10 817
Free-cash
37 348
38 874
23 609
26 664

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30160
₴23416
₴30605
₴33042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 835
pensions
-
-
-
4 253
total
-
-
-
26 088
Employee
30 961
-
69 076
-
pensions
2 628
-
5 282
-
income
5 576
-
17 041
-
health
449
-
1 029
-
total
8 653
-
23 352
-
Employer
30 961
-
69 076
-
health
588
-
1 313
-
pensions
3 352
-
8 612
-
total
3 940
-
9 925
-
Corporate
44 099
79 000
-
-
income

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

8 379
15 010
-
-
total
8 379
15 010
-
-
Dividends
35 720
63 990
-
-
withholding
2 679
11 523
-
-
total
2 679
11 523
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 651
26 533
33 277
26 088
After tax
55 349
52 467
45 723
52 912
Living cost
22 307
22 307
22 307
22 307
Free-cash
33 042
30 160
23 416
30 605

Estimated living cost  is ₴22307 per week

₴16712
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.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2644
₴21877
₴25715
₴13941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other

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

-
-
-
1 580
regional
-
-
-
3 632
health
-
-
-
178
city
-
-
-
832
national
-
-
-
1 026
pensions
-
-
-
7 269
total
-
-
-
14 517
Employee
45 368
-
70 709
-
unemployment
-
-
-
-
pensions
3 812
-
5 939
-
national
215
-
844
-
regional
1 486
-
3 141
-
city
487
-
760
-
health
103
-
159
-
total
6 103
-
10 843
-
Employer
45 368
-
70 709
-
health
103
-
159
-
pensions
3 812
-
5 939
-
unemployment
-
-
-
-
other

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

907
-
1 414
-
total
4 822
-
7 512
-
Corporate
28 312
79 000
-
-
regional
5 988
16 709
-
-
national
2 407
6 715
-
-
total
8 395
23 424
-
-
Dividends
19 917
55 576
-
-
withholding
6 971
19 452
-
-
total
6 971
19 452
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 291
42 876
18 355
14 517
After tax
52 709
36 124
60 645
64 483
Living cost
38 768
38 768
38 768
38 768
Free-cash
13 941
-2 644
21 877
25 715

Estimated living cost  is ₴38768 per week

₴25210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16587
₴28290
₴18650
₴24536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 605
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.

-
-
-
1 299
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.

-
-
-
3 349
trade
-
-
-
9 640
total
-
-
-
37 893
Employee

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

29 461
-
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.

191
-
1 299
-
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.

3 464
-
23 605
-
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.

3 349
-
3 349
-
total
7 004
-
28 253
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 539
79 000
-
-
income
7 431
11 850
-
-
surtax

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

408
652
-
-
chamber of commerce
144
186
-
-
trade
8 496
13 549
-
-
total
16 479
26 237
-
-
Dividends
33 059
52 763
-
-
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.

445
715
-
-
withholding
8 079
13 004
-
-
total
8 524
13 719
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 007
39 956
28 253
37 893
After tax
46 993
39 044
50 747
41 107
Living cost
22 457
22 457
22 457
22 457
Free-cash
24 536
16 587
28 290
18 650

Estimated living cost  is ₴22457 per week

₴16402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
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.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23044
₴27460
₴27867
₴25940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 764
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 250
health
-
-
-
3 111
pensions
-
-
-
14 787
total
-
-
-
34 361
Employee
20 981
-
61 624
-
pensions
2 372
-
4 084
-
surtax
-
-
-
-
social contributions
598
-
1 755
-
income
1 238
-
11 553
-
total
4 208
-
17 392
-
Employer
20 981
-
61 624
-
health
1 469
-
5 464
-
pensions
3 447
-
6 912
-
unemployment
849
-
2 496
-
social contributions
63
-
185
-
other
724
-
2 319
-
total
6 552
-
17 376
-
Corporate
51 468
79 000
-
-
income
14 411
22 120
-
-
surtax
-
-
-
-
total
14 411
22 120
-
-
Dividends
37 057
56 880
-
-
surtax
-
-
-
-
social contributions
6 374
9 784
-
-
withholding
4 743
7 280
-
-
total
11 117
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 288
39 184
34 768
34 361
After tax
42 712
39 816
44 232
44 639
Living cost
16 772
16 772
16 772
16 772
Free-cash
25 940
23 044
27 460
27 867

Estimated living cost  is ₴16772 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24706
₴29122
₴29529
₴27428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 764
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 250
health
-
-
-
3 111
pensions
-
-
-
14 787
total
-
-
-
34 361
Employee
18 728
-
61 624
-
pensions
2 118
-
4 084
-
surtax
-
-
-
-
social contributions
534
-
1 755
-
income
966
-
11 553
-
total
3 618
-
17 392
-
Employer
18 728
-
61 624
-
health
1 311
-
5 464
-
pensions
3 077
-
6 912
-
unemployment
758
-
2 496
-
social contributions
56
-
185
-
other
647
-
2 319
-
total
5 849
-
17 376
-
Corporate
54 423
79 000
-
-
income
15 239
22 120
-
-
surtax
-
-
-
-
total
15 239
22 120
-
-
Dividends
39 184
56 880
-
-
surtax
-
-
-
-
social contributions
6 740
9 784
-
-
withholding
5 016
7 280
-
-
total
11 756
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 462
39 184
34 768
34 361
After tax
42 538
39 816
44 232
44 639
Living cost
15 110
15 110
15 110
15 110
Free-cash
27 428
24 706
29 122
29 529

Estimated living cost  is ₴15110 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37803
₴38926
₴40339
₴38057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
10 902
health
-
-
-
5 514
total
-
-
-
28 266
Employee
16 621
-
79 000
-
social contributions
2 294
-
10 902
-
income
2 772
-
13 263
-
health
1 160
-
5 514
-
total
6 226
-
29 679
-
Employer
16 621
-
79 000
-
total
-
-
-
-
Corporate
62 379
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%.

3 119
3 950
-
-
total
3 119
3 950
-
-
Dividends
59 260
75 050
-
-
social contributions
8 178
10 357
-
-
withholding
8 889
11 257
-
-
health
4 136
5 238
-
-
total
21 203
26 852
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 548
30 802
29 679
28 266
After tax
48 452
48 198
49 321
50 734
Living cost
10 395
10 395
10 395
10 395
Free-cash
38 057
37 803
38 926
40 339

Estimated living cost  is ₴10395 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26509
₴3522
₴23252
₴25747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 079
surtax
-
-
-
97
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
316
health
-
-
-
4 381
pensions
-
-
-
10 595
total
-
-
-
38 475
Employee
24 499
19 536
62 071
-
other
245
195
573
-
unemployment
735
586
1 718
-
pensions
2 509
2 000
5 864
-
income
2 789
1 441
15 853
-
health
948
756
2 216
-
total
7 226
4 978
26 224
-
Employer
24 499
19 536
62 071
-
chamber of commerce
98
78
248
-
health
926
739
2 165
-
pensions
3 075
2 452
7 187
-
accident
318
254
744
-
unemployment
735
586
1 718
-
surtax
97
97
97
-
payroll
735
586
1 862
-
other
1 164
927
2 907
-
total
7 148
5 719
16 928
-
Corporate
47 355
53 745
60 210
-
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.

11 839
13 436
15 053
-
total
11 839
13 436
15 053
-
Dividends
35 516
40 309
-
-
withholding
9 767
11 085
-
-
total
9 767
11 085
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 980
35 218
58 205
38 475
After tax
43 020
43 782
20 795
40 525
Living cost
17 273
17 273
17 273
17 273
Free-cash
25 747
26 509
3 522
23 252

Estimated living cost  is ₴17273 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26323
₴10351
₴16328
₴18970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 007
social contributions
-
-
-
12 222
national
-
-
-
28 569
total
-
-
-
44 798
Employee

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

35 066
-
61 189
-
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.

305
-
532
-
communal

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

1 829
-
3 192
-
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.

2 630
-
4 589
-
national
10 781
-
21 776
-
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.

1 648
-
2 875
-
total
17 193
-
32 964
-
Employer

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

35 066
-
61 189
-
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.

2 156
-
3 763
-
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.

3 107
-
5 422
-
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.

456
-
795
-
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.

512
-
893
-
surtax
3 976
-
6 938
-
total
10 207
-
17 811
-
Corporate
33 727
79 000
-
-
income
6 745
15 800
-
-
surtax
135
316
-
-
total
6 880
16 116
-
-
Dividends
26 847
62 884
-
-
withholding

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

7 876
18 687
-
-
total
7 876
18 687
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 156
34 803
50 775
44 798
After tax
36 844
44 197
28 225
34 202
Living cost
17 874
17 874
17 874
17 874
Free-cash
18 970
26 323
10 351
16 328

Estimated living cost  is ₴17874 per week

₴11513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35043
₴24655
₴26713
₴31551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
20 952
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 583
Employee
24 402
-
64 515
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 149
-
19 269
-
total
6 699
-
22 155
-
Employer
24 402
-
64 515
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
46 820
79 000
-
-
income

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

7 023
11 850
-
-
total
7 023
11 850
-
-
Dividends
39 797
67 150
-
-
withholding
8 246
14 403
-
-
total
8 246
14 403
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 745
26 253
36 641
34 583
After tax
49 255
52 747
42 359
44 417
Living cost
17 704
17 704
17 704
17 704
Free-cash
31 551
35 043
24 655
26 713

Estimated living cost  is ₴17704 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
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.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20014
₴16390
₴13241
₴14100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
4 993
accident
-
-
-
666
income
-
-
-
12 151
surtax
-
-
-
3 916
health
-
-
-
5 551
pensions
-
-
-
11 842
total
-
-
-
39 119
Employee
37 124
-
70 567
-
pensions
2 969
-
5 645
-
surtax
2 275
-
4 325
-
income
3 586
-
14 426
-
health
1 652
-
3 141
-
total
10 482
-
27 537
-
Employer
37 124
-
70 567
-
health
1 132
-
2 153
-
pensions
2 969
-
5 645
-
accident
334
-
635
-
total
4 435
-
8 433
-
Corporate
37 441
79 000
-
-
communal
2 528
5 332
-
-
income
5 616
11 850
-
-
surtax
394
830
-
-
total
8 538
18 012
-
-
Dividends
28 904
60 988
-
-
income
10 470
5 186
-
-
withholding
4 335
9 148
-
-
total
14 805
14 334
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 260
32 346
35 970
39 119
After tax
40 740
46 654
43 030
39 881
Living cost
26 640
26 640
26 640
26 640
Free-cash
14 100
20 014
16 390
13 241

Estimated living cost  is ₴26640 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38680
₴23415
₴26470
₴37120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 637
other
-
-
-
-
surtax
-
-
-
3 040
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 085
total
-
-
-
41 519
Employee
16 509
-
65 262
-
other
-
-
-
-
unemployment
1 149
-
4 543
-
pensions
1 101
-
4 353
-
surtax
59
-
2 545
-
income
2 768
-
17 732
-
health
421
-
1 664
-
total
5 498
-
30 837
-
Employer
16 509
-
65 262
-
health
751
-
2 969
-
pensions
2 201
-
8 699
-
unemployment
524
-
2 069
-
other
-
-
-
-
total
3 476
-
13 737
-
Corporate
59 016
79 000
-
-
income
15 344
20 540
-
-
total
15 344
20 540
-
-
Dividends
43 672
58 460
-
-
withholding
6 551
8 769
-
-
total
6 551
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 869
29 309
44 574
41 519
After tax
48 131
49 691
34 426
37 481
Living cost
11 011
11 011
11 011
11 011
Free-cash
37 120
38 680
23 415
26 470

Estimated living cost  is ₴11011 per week

₴6648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28318
₴21164
₴24715
₴27231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 191
municipal
-
-
-
470
national
-
-
-
19 100
total
-
-
-
41 080
Employee
27 193
-
79 000
-
municipal
144
-
419
-
national
4 308
-
16 510
-
regional
366
-
1 063
-
social contributions
9 170
-
26 639
-
total
13 988
-
44 631
-
Employer
27 193
-
79 000
-
total
-
-
-
-
Corporate
51 807
79 000
-
-
municipal
2 575
3 927
-
-
nationa
12 434
18 960
-
-
total
15 009
22 887
-
-
Dividends
36 798
56 113
-
-
withholding
9 567
14 590
-
-
total
9 567
14 590
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 564
37 477
44 631
41 080
After tax
40 436
41 523
34 369
37 920
Living cost
13 205
13 205
13 205
13 205
Free-cash
27 231
28 318
21 164
24 715

Estimated living cost  is ₴13205 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39391
₴25089
₴28196
₴34040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 623
social contributions
-
-
-
17 516
solidarity contribution
-
-
-
-
health
-
-
-
10 665
total
-
-
-
35 804
Employee
22 058
-
58 955
-
solidarity contribution
-
-
-
-
social contributions
1 434
-
3 832
-
income
2 647
-
7 075
-
health
2 978
-
7 959
-
total
7 059
-
18 866
-
Employer
22 058
-
58 955
-
health
1 985
-
5 306
-
social contributions
5 515
-
14 739
-
total
7 500
-
20 045
-
Corporate
49 442
79 000
-
-
income
9 394
15 010
-
-
total
9 394
15 010
-
-
Dividends
40 048
63 990
-
-
withholding
6 007
9 599
-
-
total
6 007
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 960
24 609
38 911
35 804
After tax
49 040
54 391
40 089
43 196
Living cost
15 000
15 000
15 000
15 000
Free-cash
34 040
39 391
25 089
28 196

Estimated living cost  is ₴15000 per week

₴11155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28195
₴5185
₴24982
₴27950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 079
surtax
-
-
-
-
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
316
health
-
-
-
4 381
pensions
-
-
-
10 595
total
-
-
-
38 378
Employee
21 429
19 536
62 161
-
other
214
195
573
-
unemployment
643
586
1 718
-
pensions
2 195
2 000
5 864
-
income
1 909
1 441
15 891
-
health
829
756
2 216
-
total
5 790
4 978
26 262
-
Employer
21 429
19 536
62 161
-
chamber of commerce
86
78
248
-
health
810
739
2 165
-
pensions
2 689
2 452
7 187
-
accident
278
254
744
-
unemployment
643
586
1 718
-
surtax
-
-
-
-
payroll
643
586
1 865
-
other
1 018
927
2 911
-
total
6 167
5 622
16 838
-
Corporate
51 404
53 842
60 300
-
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.

12 851
13 460
15 075
-
total
12 851
13 460
15 075
-
Dividends
38 554
40 381
-
-
withholding
10 602
11 105
-
-
total
10 602
11 105
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 410
35 165
58 175
38 378
After tax
43 590
43 835
20 825
40 622
Living cost
15 640
15 640
15 640
15 640
Free-cash
27 950
28 195
5 185
24 982

Estimated living cost  is ₴15640 per week

₴9382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68800
₴56950
₴71960
₴67628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
microenterprise

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

-
-
-
790
total
-
-
-
790
Employee
7 813
-
79 000
-
income
1 563
-
15 800
-
total
1 563
-
15 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

71 187
79 000
-
-
total
-
-
-
-
Dividends
71 187
79 000
-
-
withholding
3 559
3 950
-
-
total
3 559
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 122
3 950
15 800
790
After tax
73 878
75 050
63 200
78 210
Living cost
6 250
6 250
6 250
6 250
Free-cash
67 628
68 800
56 950
71 960

Estimated living cost  is ₴6250 per week

₴4230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41242
₴23715
₴25809
₴37142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 723
unemployment
-
-
-
118
health
-
-
-
7 773
pensions
-
-
-
14 428
total
-
-
-
40 042
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.

21 678
-
68 358
-
unemployment
31
-
96
-
pensions
3 360
-
10 596
-
income
3 738
-
16 386
-
health
1 400
-
4 415
-
total
8 529
-
31 493
-
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.

21 678
-
68 358
-
health
1 444
-
4 552
-
pensions
1 918
-
6 050
-
unemployment
13
-
41
-
total
3 375
-
10 643
-
Corporate
53 947
79 000
-
-
income
10 250
15 010
-
-
total
10 250
15 010
-
-
Dividends
43 698
63 990
-
-
withholding
6 555
9 599
-
-
total
6 555
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 709
24 609
42 136
40 042
After tax
50 291
54 391
36 864
38 958
Living cost
13 149
13 149
13 149
13 149
Free-cash
37 142
41 242
23 715
25 809

Estimated living cost  is ₴13149 per week

₴9024
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.
₴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.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26594
₴50984
₴33125
₴2927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 399
social contributions
-
-
-
9 006
total
-
-
-
24 405
Employee
30 785
-
-
-
social contributions
2 524
-
360
-
income
6 790
-
-
-
total
9 314
-
360
-
Employer
30 785
-
-
-
social contributions
43 406
-
6 186
-
total
43 406
-
6 186
-
Corporate
4 809
79 000
-
-
income
1 058
17 380
-
-
total
1 058
17 380
-
-
Dividends
3 751
61 620
-
-
income
825
13 556
-
-
total
825
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
54 603
30 936
6 546
24 405
After tax
24 397
48 064
72 454
54 595
Living cost
21 470
21 470
21 470
21 470
Free-cash
2 927
26 594
50 984
33 125

Estimated living cost  is ₴21470 per week

₴13930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
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.
₴5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29558
₴21412
₴27203
₴29064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 967
surtax
-
-
-
-
social contributions

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

-
-
-
27 453
total
-
-
-
36 420
Employee
22 546
-
63 838
-
surtax
-
-
-
-
social contributions
2 480
-
7 023
-
income
4 690
-
20 026
-
total
7 170
-
27 049
-
Employer
22 546
-
63 838
-
social contributions
5 355
-
15 162
-
total
5 355
-
15 162
-
Corporate
51 099
79 000
-
-
income
10 731
16 590
-
-
surtax
-
-
-
-
total
10 731
16 590
-
-
Dividends
40 368
62 410
-
-
withholding
11 303
17 475
-
-
total
11 303
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 559
34 065
42 211
36 420
After tax
44 441
44 935
36 789
42 580
Living cost
15 377
15 377
15 377
15 377
Free-cash
29 064
29 558
21 412
27 203

Estimated living cost  is ₴15377 per week

₴11505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
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.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16139
₴20555
₴20962
₴19507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 764
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 250
health
-
-
-
3 111
pensions
-
-
-
14 787
total
-
-
-
34 361
Employee
30 703
-
61 624
-
pensions
3 473
-
4 084
-
surtax
-
-
-
-
social contributions
874
-
1 755
-
income
2 679
-
11 553
-
total
7 026
-
17 392
-
Employer
30 703
-
61 624
-
health
2 149
-
5 464
-
pensions
5 045
-
6 912
-
unemployment
1 244
-
2 496
-
social contributions
92
-
185
-
other
1 060
-
2 319
-
total
9 590
-
17 376
-
Corporate
38 707
79 000
-
-
income
10 838
22 120
-
-
surtax
-
-
-
-
total
10 838
22 120
-
-
Dividends
27 870
56 880
-
-
surtax
-
-
-
-
social contributions
4 794
9 784
-
-
withholding
3 568
7 280
-
-
total
8 362
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 816
39 184
34 768
34 361
After tax
43 184
39 816
44 232
44 639
Living cost
23 677
23 677
23 677
23 677
Free-cash
19 507
16 139
20 555
20 962

Estimated living cost  is ₴23677 per week

₴16024
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.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56364
₴45798
₴43700
₴54718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
3 185
social contributions
-
-
-
17 379
total
-
-
-
20 564
Employee
15 760
-
68 398
-
income
-
-
3 418
-
social contributions
1 024
-
4 446
-
total
1 024
-
7 864
-
Employer
15 760
-
68 398
-
social contributions
2 443
-
10 602
-
total
2 443
-
10 602
-
Corporate
60 797
79 000
-
-
income
6 079
7 900
-
-
total
6 079
7 900
-
-
Dividends
54 718
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 546
7 900
18 466
20 564
After tax
69 454
71 100
60 534
58 436
Living cost
14 736
14 736
14 736
14 736
Free-cash
54 718
56 364
45 798
43 700

Estimated living cost  is ₴14736 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27765
-₴27765
₴23416
-₴27765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 286
municipal
-
-
-
16 239
national
-
-
-
9 035
pensions
-
-
-
425
total
-
-
-
31 985
Employee
99 607
99 607
99 607
-
municipal
21 211
21 211
21 211
-
labour market
7 957
7 957
7 957
-
pensions
142
142
142
-
national
12 169
12 169
12 169
-
total
41 479
41 479
41 479
-
Employer
99 607
99 607
99 607
-
national
12 190
12 190
12 190
-
labour market
7 969
7 969
7 969
-
pensions
283
283
283
-
municipal
21 245
21 245
21 245
-
total
41 687
41 687
41 687
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
83 166
83 166
83 166
31 985
After tax
-4 166
-4 166
-4 166
47 015
Living cost
23 599
23 599
23 599
23 599
Free-cash
-27 765
-27 765
-27 765
23 416

Estimated living cost  is ₴23599 per week

₴16152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4354
₴31864
₴43282
₴4750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 510
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
24 965
Employee
16 916
-
70 624
-
pensions
1 905
-
3 785
-
income
2 321
-
16 136
-
health
1 937
-
8 087
-
total
6 163
-
28 008
-
Employer
16 916
-
70 624
-
pensions
2 750
-
5 466
-
accident
282
-
1 179
-
unemployment
415
-
1 730
-
total
3 447
-
8 375
-
Corporate
58 637
79 000
-
-
income

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

52 773
71 100
-
-
total
52 773
71 100
-
-
Dividends
5 864
7 900
-
-
withholding
1 114
1 501
-
-
total
1 114
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 497
72 601
36 383
24 965
After tax
15 503
6 399
42 617
54 035
Living cost
10 753
10 753
10 753
10 753
Free-cash
4 750
-4 354
31 864
43 282

Estimated living cost  is ₴10753 per week

₴7827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31138
₴23088
₴33202
₴32195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 012
municipal
-
-
-
14 038
national
-
-
-
11 927
total
-
-
-
26 977
Employee
25 791
-
66 460
-
municipal
4 224
-
10 828
-
unemployment
387
-
997
-
pensions
1 741
-
4 486
-
national
426
-
7 420
-
health
193
-
819
-
total
6 971
-
24 550
-
Employer
25 791
-
66 460
-
health
198
-
512
-
pensions
4 475
-
11 531
-
accident
26
-
66
-
unemployment
167
-
432
-
total
4 866
-
12 541
-
Corporate
48 342
79 000
-
-
income
9 668
15 800
-
-
total
9 668
15 800
-
-
Dividends

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

29 005
47 400
-
-
municipal
5 221
8 532
-
-
national
1 258
4 709
-
-
total
6 479
13 241
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 984
29 041
37 091
26 977
After tax
51 016
49 959
41 909
52 023
Living cost
18 821
18 821
18 821
18 821
Free-cash
32 195
31 138
23 088
33 202

Estimated living cost  is ₴18821 per week

₴12294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46304
₴42300
₴43015
₴43638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 689
social contributions
-
-
-
7 932
health
-
-
-
2 014
total
-
-
-
24 635
Employee
37 695
37 695
73 422
-
social contributions
1 425
3 129
4 220
-
income
4 104
3 489
14 304
-
health
292
641
1 248
-
total
5 821
7 259
19 772
-
Employer
37 695
37 695
73 422
-
health
317
698
1 358
-
social contributions
1 425
3 129
4 220
-
total
1 742
3 827
5 578
-
Corporate
60 086
37 478
-
-
income
7 511
4 685
-
-
total
7 511
4 685
-
-
Dividends
52 575
32 794
-
-
withholding
8 938
5 575
-
-
total
8 938
5 575
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 012
21 346
25 350
24 635
After tax
54 988
57 654
53 650
54 365
Living cost
11 350
11 350
11 350
11 350
Free-cash
43 638
46 304
42 300
43 015

Estimated living cost  is ₴11350 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57637
₴48501
₴58334
₴55143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 977
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
12 883
Employee

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

11 252
-
74 209
-
unemployment
56
-
233
-
pensions
1 688
-
6 977
-
income
769
-
6 761
-
health
956
-
3 954
-
total
3 469
-
17 925
-
Employer

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

11 252
-
74 209
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
66 590
79 000
-
-
income
5 993
7 110
-
-
total
5 993
7 110
-
-
Dividends
60 597
71 890
-
-
withholding
5 453
6 470
-
-
total
5 453
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 074
13 580
22 716
12 883
After tax
62 926
65 420
56 284
66 117
Living cost
7 783
7 783
7 783
7 783
Free-cash
55 143
57 637
48 501
58 334

Estimated living cost  is ₴7783 per week

₴4966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39267
₴28879
₴30937
₴37102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
20 952
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 583
Employee
18 126
-
64 515
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 495
-
19 269
-
total
4 646
-
22 155
-
Employer
18 126
-
64 515
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
55 095
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.

8 265
11 850
-
-
total
8 265
11 850
-
-
Dividends
46 830
67 150
-
-
withholding
9 729
14 403
-
-
total
9 729
14 403
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 418
26 253
36 641
34 583
After tax
50 582
52 747
42 359
44 417
Living cost
13 480
13 480
13 480
13 480
Free-cash
37 102
39 267
28 879
30 937

Estimated living cost  is ₴13480 per week

₴9099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48335
₴49757
₴49825
₴48178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 005
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
28 214
Employee
1 464
-
78 211
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
26 968
-
health
73
-
175
-
total
503
-
27 493
-
Employer
1 464
-
78 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
77 207
79 000
-
-
income
16 985
17 380
-
-
total
16 985
17 380
-
-
Dividends
60 221
61 620
-
-
withholding
12 044
12 324
-
-
total
12 044
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 861
29 704
28 282
28 214
After tax
49 139
49 296
50 718
50 786
Living cost
961
961
961
961
Free-cash
48 178
48 335
49 757
49 825

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48597
₴39118
₴39117
₴46183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 702
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
31 402
Employee

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

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

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

12 788
-
72 513
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
17 702
-
health
659
-
1 866
-
total
4 308
-
24 914
-
Employer

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

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

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

12 788
-
72 513
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
63 923
79 000
-
-
income
9 588
11 850
-
-
total
9 588
11 850
-
-
Dividends
54 334
67 150
-
-
withholding
8 150
10 072
-
-
total
8 150
10 072
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 336
21 922
31 401
31 402
After tax
54 664
57 078
47 599
47 598
Living cost
8 481
8 481
8 481
8 481
Free-cash
46 183
48 597
39 118
39 117

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31719
₴23573
₴29364
₴31543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 967
surtax
-
-
-
-
social contributions

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

-
-
-
27 453
total
-
-
-
36 420
Employee
19 026
-
63 838
-
surtax
-
-
-
-
social contributions
2 093
-
7 023
-
income
3 718
-
20 026
-
total
5 811
-
27 049
-
Employer
19 026
-
63 838
-
social contributions
4 518
-
15 162
-
total
4 518
-
15 162
-
Corporate
55 455
79 000
-
-
income
11 645
16 590
-
-
surtax
-
-
-
-
total
11 645
16 590
-
-
Dividends
43 810
62 410
-
-
withholding
12 267
17 475
-
-
total
12 267
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 241
34 065
42 211
36 420
After tax
44 759
44 935
36 789
42 580
Living cost
13 216
13 216
13 216
13 216
Free-cash
31 543
31 719
23 573
29 364

Estimated living cost  is ₴13216 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35519
₴25131
₴27189
₴32193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
20 952
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 583
Employee
23 675
-
64 515
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
19 269
-
total
6 448
-
22 155
-
Employer
23 675
-
64 515
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
47 777
79 000
-
-
income

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

7 167
11 850
-
-
total
7 167
11 850
-
-
Dividends
40 610
67 150
-
-
withholding
8 416
14 403
-
-
total
8 416
14 403
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 579
26 253
36 641
34 583
After tax
49 421
52 747
42 359
44 417
Living cost
17 228
17 228
17 228
17 228
Free-cash
32 193
35 519
25 131
27 189

Estimated living cost  is ₴17228 per week

₴12373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59112
₴57163
₴54146
₴56123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
68
health
-
-
-
1 969
pensions

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

-
-
-
2 534
total
-
-
-
16 421
Employee
11 167
-
75 640
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 504
-
income
1 117
-
7 564
-
health
514
-
788
-
total
2 734
-
10 044
-
Employer
11 167
-
75 640
-
health
771
-
1 182
-
pensions

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

1 231
-
1 887
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 192
-
3 360
-
Corporate
65 643
79 000
-
-
income
6 564
7 900
-
-
total
6 564
7 900
-
-
Dividends
59 078
71 100
-
-
withholding
2 954
3 555
-
-
total
2 954
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 444
11 455
13 404
16 421
After tax
64 556
67 545
65 596
62 579
Living cost
8 433
8 433
8 433
8 433
Free-cash
56 123
59 112
57 163
54 146

Estimated living cost  is ₴8433 per week

₴5578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21744
₴31821
₴23755
₴28157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 605
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.

-
-
-
1 299
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.

-
-
-
3 349
trade
-
-
-
8 066
total
-
-
-
36 319
Employee

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

24 391
-
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.

111
-
1 299
-
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.

2 006
-
23 605
-
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.

3 349
-
3 349
-
total
5 466
-
28 253
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 609
79 000
-
-
income
8 191
11 850
-
-
surtax

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

450
652
-
-
chamber of commerce
154
191
-
-
trade
7 837
11 336
-
-
total
16 632
24 029
-
-
Dividends
37 976
54 971
-
-
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.

512
745
-
-
withholding
9 307
13 556
-
-
total
9 819
14 301
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 917
38 330
28 253
36 319
After tax
47 083
40 670
50 747
42 681
Living cost
18 926
18 926
18 926
18 926
Free-cash
28 157
21 744
31 821
23 755

Estimated living cost  is ₴18926 per week

₴13056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27375
₴14568
₴14568
₴28456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 497
social contributions
-
-
-
13 010
total
-
-
-
36 507
Employee
38 346
-
79 000
-
income
7 236
-
23 497
-
social contributions
3 186
-
13 010
-
total
10 422
-
36 507
-
Employer
38 346
-
79 000
-
total
-
-
-
-
Corporate
40 654
79 000
-
-
income
5 082
9 875
-
-
total
5 082
9 875
-
-
Dividends
35 572
69 125
-
-
withholding
7 115
13 825
-
-
total
7 115
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 619
23 700
36 507
36 507
After tax
56 381
55 300
42 493
42 493
Living cost
27 925
27 925
27 925
27 925
Free-cash
28 456
27 375
14 568
14 568

Estimated living cost  is ₴27925 per week

₴21245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
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.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30965
₴38824
₴44268
₴32678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 954
health

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

-
-
-
2 983
total
-
-
-
16 937
Employee
22 488
-
76 745
-
income
2 440
-
17 871
-
social contributions
2 253
-
2 255
-
total
4 693
-
20 126
-
Employer
22 488
-
76 745
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
54 259
79 000
-
-
income
18 991
27 650
-
-
total
18 991
27 650
-
-
Dividends
35 268
51 350
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 527
30 240
22 381
16 937
After tax
50 473
48 760
56 619
62 063
Living cost
17 795
17 795
17 795
17 795
Free-cash
32 678
30 965
38 824
44 268

Estimated living cost  is ₴17795 per week

₴11722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34332
₴27588
₴34777
₴37223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 835
pensions
-
-
-
4 253
total
-
-
-
26 088
Employee
24 893
-
69 076
-
pensions
1 900
-
5 282
-
income
4 533
-
17 041
-
health
325
-
1 029
-
total
6 758
-
23 352
-
Employer
24 893
-
69 076
-
health
473
-
1 313
-
pensions
2 515
-
8 612
-
total
2 988
-
9 925
-
Corporate
51 119
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.

9 713
15 010
-
-
total
9 713
15 010
-
-
Dividends
41 406
63 990
-
-
withholding
4 183
11 523
-
-
total
4 183
11 523
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 642
26 533
33 277
26 088
After tax
55 358
52 467
45 723
52 912
Living cost
18 135
18 135
18 135
18 135
Free-cash
37 223
34 332
27 588
34 777

Estimated living cost  is ₴18135 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5419
₴30799
₴42217
₴4588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 510
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
24 965
Employee
18 590
-
70 624
-
pensions
2 093
-
3 785
-
income
2 550
-
16 136
-
health
2 128
-
8 087
-
total
6 771
-
28 008
-
Employer
18 590
-
70 624
-
pensions
3 023
-
5 466
-
accident
310
-
1 179
-
unemployment
455
-
1 730
-
total
3 788
-
8 375
-
Corporate
56 621
79 000
-
-
income

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

50 959
71 100
-
-
total
50 959
71 100
-
-
Dividends
5 662
7 900
-
-
withholding
1 076
1 501
-
-
total
1 076
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 594
72 601
36 383
24 965
After tax
16 406
6 399
42 617
54 035
Living cost
11 818
11 818
11 818
11 818
Free-cash
4 588
-5 419
30 799
42 217

Estimated living cost  is ₴11818 per week

₴8673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴59857
₴48684
₴37903
₴57562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 914
unemployment
-
-
-
941
work injury
-
-
-
392
health insurance
-
-
-
5 802
pensions
-
-
-
14 426
total
-
-
-
34 475
Employee

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

10 595
-
79 000
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
12 914
-
total
3 974
-
23 694
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 405
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%.

684
790
-
-
total
684
790
-
-
Dividends
67 721
78 210
-
-
withholding
10 158
11 731
-
-
total
10 158
11 731
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 816
12 521
23 694
34 475
After tax
64 184
66 479
55 306
44 525
Living cost
6 622
6 622
6 622
6 622
Free-cash
57 562
59 857
48 684
37 903

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22083
₴14252
₴17723
₴19852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 801
municipal
-
-
-
528
national
-
-
-
19 100
total
-
-
-
41 748
Employee
41 309
-
79 000
-
municipal
247
-
472
-
national
6 981
-
16 510
-
regional
624
-
1 598
-
social contributions
13 929
-
26 639
-
total
21 781
-
45 219
-
Employer
41 309
-
79 000
-
total
-
-
-
-
Corporate
37 691
79 000
-
-
municipal
1 817
3 808
-
-
nationa
9 046
18 960
-
-
total
10 863
22 768
-
-
Dividends
26 828
56 232
-
-
withholding
6 975
14 620
-
-
total
6 975
14 620
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 619
37 388
45 219
41 748
After tax
39 381
41 612
33 781
37 252
Living cost
19 529
19 529
19 529
19 529
Free-cash
19 852
22 083
14 252
17 723

Estimated living cost  is ₴19529 per week

₴13718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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