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
₴26842
₴24342
₴30011
₴35532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
trade
-
-
-
8 690
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.

-
-
-
1 275
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.

-
-
-
23 171
total
-
-
-
36 637
Employee

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

19 599
-
79 000
-
health

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

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

3 501
-
3 501
-
surtax

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

30
-
1 275
-
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.

547
-
23 171
-
total
4 078
-
27 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 401
79 000
-
-
trade
9 356
12 442
-
-
chamber of commerce
163
192
-
-
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.

490
652
-
-
income
8 910
11 850
-
-
total
18 919
25 136
-
-
Dividends
40 482
53 865
-
-
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.

546
730
-
-
withholding
9 925
13 271
-
-
total
10 471
14 001
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 468
39 137
27 947
36 637
After tax
45 532
39 863
51 053
42 363
Living cost
15 521
15 521
15 521
15 521
Free-cash
30 011
24 342
35 532
26 842

Estimated living cost  is ₴15521 per week

₴9763
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.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20030
₴22464
₴22017
₴20651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 554
social contributions
-
-
-
849
national
-
-
-
13 255
pensions
-
-
-
9 480
total
-
-
-
32 138
Employee
41 594
-
68 295
-
pensions
1 664
-
2 732
-
national
7 961
-
13 728
-
municipal
5 138
-
8 859
-
total
14 763
-
25 319
-
Employer
41 594
-
68 295
-
pensions
3 328
-
5 464
-
social contributions
447
-
734
-
total
3 775
-
6 198
-
Corporate
30 886
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%.

6 177
15 800
-
-
total
6 177
15 800
-
-
Dividends
24 709
63 200
-
-
withholding
5 436
13 904
-
-
total
5 436
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 151
29 704
31 517
32 138
After tax
48 849
49 296
47 483
46 862
Living cost
26 832
26 832
26 832
26 832
Free-cash
22 017
22 464
20 651
20 030

Estimated living cost  is ₴26832 per week

₴18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15490
₴52539
₴48336
₴37190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 000
social contributions

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

-
-
-
19 633
income
-
-
-
13 071
microenterprise
-
-
-
-
surtax
-
-
-
20 145
total
-
-
-
52 849
Employee
14 973
-
57 112
-
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.

1 647
-
6 283
-
income
2 665
-
11 107
-
total
4 312
-
17 390
-
Employer
14 973
-
57 112
-
surtax
-
-
-
-
social contributions

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

3 607
-
13 759
-
total
3 607
-
13 759
-
Corporate
60 420
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%.

12 084
15 800
-
-
total
12 084
15 800
-
-
Dividends

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

48 336
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
20 003
15 800
31 149
52 849
After tax
58 997
63 200
47 851
26 151
Living cost
10 661
10 661
10 661
10 661
Free-cash
48 336
52 539
37 190
15 490

Estimated living cost  is ₴10661 per week

₴6801
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22931
₴17477
₴14339
₴26668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 319
pensions
-
-
-
6 004
income
-
-
-
22 280
total
-
-
-
34 603
Employee
43 759
43 759
69 477
-
health
6 716
5 713
6 319
-
pensions
7 877
6 004
6 004
-
income

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

7 163
7 163
9 020
-
total
21 756
18 880
21 343
-
Employer
43 759
43 759
69 477
-
health
3 042
3 042
3 780
-
pensions
3 046
3 046
3 786
-
unemployment
1 575
1 575
1 957
-
total
7 663
7 663
9 523
-
Corporate
28 116
27 579
-
-
income
5 623
5 516
-
-
total
5 623
5 516
-
-
Dividends
22 492
22 063
-
-
income
4 779
4 689
-
-
withholding
3 374
3 309
-
-
total
8 153
7 998
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 195
40 057
30 866
34 603
After tax
35 805
38 943
48 134
44 397
Living cost
21 466
21 466
21 466
21 466
Free-cash
14 339
17 477
26 668
22 931

Estimated living cost  is ₴21466 per week

₴15212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴20258
₴21924
₴21448
₴19744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 901
accident
-
-
-
93
other
-
-
-
5 401
municipal
-
-
-
19 542
pensions
-
-
-
5 025
national
-
-
-
4 523
unemployment
-
-
-
47
total
-
-
-
37 532
Employee
30 222
-
64 395
-
national
-
-
4 238
-
municipal
9 012
-
19 203
-
total
9 012
-
23 441
-
Employer
30 222
-
64 395
-
health
1 859
-
2 859
-
accident
60
-
93
-
pensions
3 267
-
5 025
-
other
3 512
-
5 401
-
unemployment
798
-
1 227
-
total
9 496
-
14 605
-
Corporate
39 283
79 000
-
-
income
8 642
17 380
-
-
total
8 642
17 380
-
-
Dividends
30 641
61 620
-
-
withholding
9 192
18 486
-
-
total
9 192
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 342
35 866
38 046
37 532
After tax
42 658
43 134
40 954
41 468
Living cost
21 210
21 210
21 210
21 210
Free-cash
21 448
21 924
19 744
20 258

Estimated living cost  is ₴21210 per week

₴14057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2081
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21846
₴19326
₴26524
₴30923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
trade
-
-
-
9 077
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.

-
-
-
1 275
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.

-
-
-
23 171
total
-
-
-
37 024
Employee

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

25 986
-
79 000
-
health

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

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

3 501
-
3 501
-
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.

123
-
1 275
-
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.

2 233
-
23 171
-
total
5 857
-
27 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 014
79 000
-
-
trade
8 721
12 995
-
-
chamber of commerce
154
191
-
-
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.

438
652
-
-
income
7 952
11 850
-
-
total
17 265
25 688
-
-
Dividends
35 750
53 313
-
-
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.

481
723
-
-
withholding
8 743
13 133
-
-
total
9 224
13 856
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 346
39 544
27 947
37 024
After tax
46 654
39 456
51 053
41 976
Living cost
20 130
20 130
20 130
20 130
Free-cash
26 524
19 326
30 923
21 846

Estimated living cost  is ₴20130 per week

₴13463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
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.
₴4244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37940
₴41048
₴38922
₴37214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 015
social contributions
-
-
-
8 291
income
-
-
-
14 134
total
-
-
-
24 440
Employee
39 403
39 403
73 235
-
health
392
670
1 245
-
social contributions
1 915
3 270
4 411
-
income
4 138
3 648
13 744
-
total
6 445
7 588
19 400
-
Employer
39 403
39 403
73 235
-
health
427
729
1 355
-
social contributions
1 915
3 270
4 411
-
total
2 342
3 999
5 766
-
Corporate
53 594
35 598
-
-
income
6 699
4 450
-
-
total
6 699
4 450
-
-
Dividends
46 895
31 148
-
-
withholding
7 972
5 295
-
-
total
7 972
5 295
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 458
21 332
25 166
24 440
After tax
55 542
57 668
53 834
54 560
Living cost
16 620
16 620
16 620
16 620
Free-cash
38 922
41 048
37 214
37 940

Estimated living cost  is ₴16620 per week

₴11362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
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.
₴3682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45426
₴35102
₴35295
₴36495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 530
pensions
-
-
-
7 900
unemployment
-
-
-
1 185
income
-
-
-
9 658
total
-
-
-
24 273
Employee

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

The minimum wage is 138,000 HUF per month.

13 426
5 343
66 109
-
health
940
374
4 628
-
pensions
1 343
534
6 611
-
unemployment
201
80
992
-
income
1 641
653
8 082
-
total
4 125
1 641
20 313
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 426
5 343
66 109
-
pensions
2 618
1 042
12 891
-
total
2 618
1 042
12 891
-
Corporate
62 956
72 615
-
-
income
5 666
6 535
-
-
total
5 666
6 535
-
-
Dividends
57 290
66 079
-
-
social contributions
11 110
12 824
-
-
withholding
10 885
12 555
-
-
total
21 995
25 379
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 404
34 597
33 204
24 273
After tax
44 596
44 403
45 796
54 727
Living cost
9 301
9 301
9 301
9 301
Free-cash
35 295
35 102
36 495
45 426

Estimated living cost  is ₴9301 per week

₴6347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29966
₴50823
₴47639
₴33157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 270
pensions
-
-
-
15 801
income
-
-
-
10 586
total
-
-
-
36 657
Employee
14 537
-
59 043
-
pensions
291
-
1 181
-
unemployment
232
-
944
-
income
1 637
-
11 384
-
total
2 160
-
13 509
-
Employer
14 537
-
59 043
-
health
1 889
-
7 675
-
pensions
2 908
-
11 809
-
unemployment
117
-
473
-
total
4 914
-
19 957
-
Corporate
59 550
79 000
-
-
income
11 910
15 800
-
-
total
11 910
15 800
-
-
Dividends
47 640
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 984
15 800
33 466
36 657
After tax
60 016
63 200
45 534
42 343
Living cost
12 377
12 377
12 377
12 377
Free-cash
47 639
50 823
33 157
29 966

Estimated living cost  is ₴12377 per week

₴8489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
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.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42751
-₴4895
₴4667
₴31215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 120
accident
-
-
-
130
other
-
-
-
190
pensions
-
-
-
2 136
income
-
-
-
21 379
total
-
-
-
24 955
Employee
17 766
-
70 442
-
health
2 034
-
8 066
-
pensions
2 000
-
3 917
-
income
2 437
-
15 950
-
total
6 471
-
27 933
-
Employer
17 766
-
70 442
-
accident
297
-
1 176
-
pensions
2 889
-
5 656
-
unemployment
435
-
1 726
-
total
3 621
-
8 558
-
Corporate
57 613
79 000
-
-
income

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

51 852
71 100
-
-
total
51 852
71 100
-
-
Dividends
5 761
7 900
-
-
withholding
1 095
1 501
-
-
total
1 095
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 039
72 601
36 491
24 955
After tax
15 961
6 399
42 509
54 045
Living cost
11 294
11 294
11 294
11 294
Free-cash
4 667
-4 895
31 215
42 751

Estimated living cost  is ₴11294 per week

₴8277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
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.
₴2155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73984
₴70824
₴70032
₴58974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 282
-
79 000
-
income
1 056
-
15 800
-
total
1 056
-
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%.

73 718
79 000
-
-
total
-
-
-
-
Dividends
73 718
79 000
-
-
withholding
3 686
3 950
-
-
total
3 686
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 742
3 950
15 800
790
After tax
74 258
75 050
63 200
78 210
Living cost
4 226
4 226
4 226
4 226
Free-cash
70 032
70 824
58 974
73 984

Estimated living cost  is ₴4226 per week

₴2619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28392
₴44387
₴40925
₴31390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 429
other
-
-
-
3 701
pensions

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

-
-
-
18 701
income
-
-
-
11 123
total
-
-
-
36 954
Employee
18 605
-
63 099
-
health
261
-
883
-
pensions

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

1 302
-
4 418
-
unemployment
186
-
631
-
income
3 203
-
12 123
-
total
4 952
-
18 055
-
Employer
18 605
-
63 099
-
health
261
-
883
-
accident
149
-
505
-
pensions

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

3 163
-
10 727
-
other
931
-
3 155
-
unemployment
186
-
631
-
total
4 690
-
15 901
-
Corporate
55 706
79 000
-
-
income
11 698
16 590
-
-
total
11 698
16 590
-
-
Dividends
44 007
62 410
-
-
withholding
3 081
4 369
-
-
total
3 081
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 421
20 959
33 956
36 954
After tax
54 579
58 041
45 044
42 046
Living cost
13 654
13 654
13 654
13 654
Free-cash
40 925
44 387
31 390
28 392

Estimated living cost  is ₴13654 per week

₴9647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19109
₴18788
₴18102
₴11900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
pensions
-
-
-
4 370
income
-
-
-
21 434
total
-
-
-
25 804
Employee
48 228
-
69 111
-
health
795
-
1 044
-
pensions
4 653
-
5 454
-
income
8 694
-
16 626
-
total
14 142
-
23 124
-
Employer
48 228
-
69 111
-
health
916
-
1 313
-
pensions
5 694
-
8 576
-
total
6 610
-
9 889
-
Corporate
24 162
79 000
-
-
income

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

4 591
15 010
-
-
total
4 591
15 010
-
-
Dividends
19 571
63 990
-
-
withholding
1 468
11 115
-
-
total
1 468
11 115
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 811
26 125
33 013
25 804
After tax
52 189
52 875
45 987
53 196
Living cost
34 087
34 087
34 087
34 087
Free-cash
18 102
18 788
11 900
19 109

Estimated living cost  is ₴34087 per week

₴25542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4005
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.
₴4263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴55678
₴60841
₴58466
₴58657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 054
pensions

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

-
-
-
2 643
unemployment
-
-
-
71
income
-
-
-
11 850
total
-
-
-
16 618
Employee
8 877
-
75 496
-
health
408
-
822
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
pensions

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

779
-
1 568
-
income
888
-
7 550
-
total
2 173
-
10 136
-
Employer
8 877
-
75 496
-
health
613
-
1 232
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
pensions

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

978
-
1 968
-
unemployment
53
-
107
-
total
1 742
-
3 503
-
Corporate
68 382
79 000
-
-
income
6 838
7 900
-
-
total
6 838
7 900
-
-
Dividends
61 543
71 100
-
-
withholding
3 077
3 555
-
-
total
3 077
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 830
11 455
13 639
16 618
After tax
65 170
67 545
65 361
62 382
Living cost
6 704
6 704
6 704
6 704
Free-cash
58 466
60 841
58 657
55 678

Estimated living cost  is ₴6704 per week

₴3914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15983
₴10529
₴11820
₴19720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 319
pensions
-
-
-
6 004
income
-
-
-
22 280
total
-
-
-
34 603
Employee
47 508
43 759
69 477
-
health
5 927
5 713
6 319
-
pensions
6 004
6 004
6 004
-
income

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

7 163
7 163
9 020
-
total
19 094
18 880
21 343
-
Employer
47 508
43 759
69 477
-
health
3 301
3 042
3 780
-
pensions
3 306
3 046
3 786
-
unemployment
1 710
1 575
1 957
-
total
8 317
7 663
9 523
-
Corporate
23 174
27 579
-
-
income
4 635
5 516
-
-
total
4 635
5 516
-
-
Dividends
18 540
22 063
-
-
income
3 939
4 689
-
-
withholding
2 781
3 309
-
-
total
6 720
7 998
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 766
40 057
30 866
34 603
After tax
40 234
38 943
48 134
44 397
Living cost
28 414
28 414
28 414
28 414
Free-cash
11 820
10 529
19 720
15 983

Estimated living cost  is ₴28414 per week

₴20960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30067
₴41789
₴37293
₴27486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 665
social contributions
-
-
-
18 135
solidarity contribution
-
-
-
-
income
-
-
-
7 530
total
-
-
-
36 330
Employee
18 534
-
58 955
-
health
2 502
-
7 959
-
solidarity contribution
-
-
-
-
social contributions
1 205
-
3 832
-
income
2 224
-
7 075
-
total
5 931
-
18 866
-
Employer
18 534
-
58 955
-
health
1 668
-
5 306
-
social contributions
4 633
-
14 739
-
total
6 301
-
20 045
-
Corporate
54 165
79 000
-
-
income
10 291
15 010
-
-
total
10 291
15 010
-
-
Dividends
43 874
63 990
-
-
withholding
6 581
9 598
-
-
total
6 581
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 104
24 608
38 911
36 330
After tax
49 896
54 392
40 089
42 670
Living cost
12 603
12 603
12 603
12 603
Free-cash
37 293
41 789
27 486
30 067

Estimated living cost  is ₴12603 per week

₴8754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16793
₴20527
₴17853
₴13189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
920
municipal
-
-
-
470
social contributions
-
-
-
20 319
national
-
-
-
18 876
total
-
-
-
40 585
Employee
45 541
-
79 000
-
regional
430
-
812
-
national
7 891
-
16 319
-
social contributions
15 356
-
26 639
-
municipal
241
-
419
-
total
23 918
-
44 189
-
Employer
45 541
-
79 000
-
total
-
-
-
-
Corporate
33 459
79 000
-
-
nationa
8 030
18 960
-
-
municipal
1 305
3 081
-
-
total
9 335
22 041
-
-
Dividends
24 124
56 959
-
-
withholding
6 272
14 810
-
-
total
6 272
14 810
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 525
36 851
44 189
40 585
After tax
39 475
42 149
34 811
38 415
Living cost
21 622
21 622
21 622
21 622
Free-cash
17 853
20 527
13 189
16 793

Estimated living cost  is ₴21622 per week

₴15072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26182
₴38384
₴36789
₴23501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 855
other
-
-
-
-
pensions
-
-
-
13 678
unemployment
-
-
-
117
income
-
-
-
19 962
surtax
-
-
-
2 899
total
-
-
-
41 511
Employee
16 945
-
65 262
-
health
433
-
1 664
-
pensions
1 130
-
4 353
-
unemployment
1 180
-
4 542
-
surtax
55
-
2 475
-
income
2 840
-
17 421
-
other
-
-
-
-
total
5 638
-
30 455
-
Employer
16 945
-
65 262
-
health
771
-
2 970
-
pensions
2 259
-
8 699
-
other
-
-
-
-
unemployment
537
-
2 068
-
total
3 567
-
13 737
-
Corporate
58 488
79 000
-
-
income
15 207
20 540
-
-
total
15 207
20 540
-
-
Dividends
43 281
58 460
-
-
withholding
6 492
8 769
-
-
total
6 492
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 904
29 309
44 192
41 511
After tax
48 096
49 691
34 808
37 489
Living cost
11 307
11 307
11 307
11 307
Free-cash
36 789
38 384
23 501
26 182

Estimated living cost  is ₴11307 per week

₴6914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29909
₴29588
₴31894
₴22700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
pensions
-
-
-
4 370
income
-
-
-
21 434
total
-
-
-
25 804
Employee
32 321
-
69 111
-
health
469
-
1 044
-
pensions
2 743
-
5 454
-
income
5 821
-
16 626
-
total
9 033
-
23 124
-
Employer
32 321
-
69 111
-
health
614
-
1 313
-
pensions
3 499
-
8 576
-
total
4 113
-
9 889
-
Corporate
42 566
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.

8 087
15 010
-
-
total
8 087
15 010
-
-
Dividends
34 479
63 990
-
-
withholding
2 586
11 115
-
-
total
2 586
11 115
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 819
26 125
33 013
25 804
After tax
55 181
52 875
45 987
53 196
Living cost
23 287
23 287
23 287
23 287
Free-cash
31 894
29 588
22 700
29 909

Estimated living cost  is ₴23287 per week

₴17447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23215
-₴5355
₴12392
₴19374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
178
city
-
-
-
833
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
-
-
-
3 494
pensions
-
-
-
7 268
national
-
-
-
952
total
-
-
-
14 305
Employee
48 543
-
70 709
-
health
110
-
159
-
regional
1 590
-
3 003
-
pensions
4 078
-
5 941
-
unemployment
-
-
-
-
national
230
-
769
-
city
521
-
760
-
total
6 529
-
10 632
-
Employer
48 543
-
70 709
-
health
110
-
159
-
pensions
4 078
-
5 941
-
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.

971
-
1 414
-
unemployment
-
-
-
-
total
5 159
-
7 514
-
Corporate
24 765
79 000
-
-
national
2 105
6 715
-
-
regional
5 237
16 708
-
-
total
7 342
23 423
-
-
Dividends
17 422
55 577
-
-
withholding
6 098
19 452
-
-
total
6 098
19 452
-
-
Income
79 000
79 000
79 000
79 000
Total tax
25 128
42 875
18 146
14 305
After tax
53 872
36 125
60 854
64 695
Living cost
41 480
41 480
41 480
41 480
Free-cash
12 392
-5 355
19 374
23 215

Estimated living cost  is ₴41480 per week

₴26974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18116
₴15576
₴23885
₴27579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
trade
-
-
-
9 463
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.

-
-
-
1 275
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.

-
-
-
23 171
total
-
-
-
37 410
Employee

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

30 795
-
79 000
-
health

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

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

3 501
-
3 501
-
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.

199
-
1 275
-
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.

3 621
-
23 171
-
total
7 321
-
27 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 205
79 000
-
-
trade
8 267
13 549
-
-
chamber of commerce
146
189
-
-
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.

398
652
-
-
income
7 231
11 850
-
-
total
16 042
26 240
-
-
Dividends
32 163
52 761
-
-
surtax

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

432
715
-
-
withholding
7 846
12 995
-
-
total
8 278
13 710
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 641
39 950
27 947
37 410
After tax
47 359
39 050
51 053
41 590
Living cost
23 474
23 474
23 474
23 474
Free-cash
23 885
15 576
27 579
18 116

Estimated living cost  is ₴23474 per week

₴17145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27169
₴22286
₴25309
₴27141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 989
other
-
-
-
2 449
pensions
-
-
-
15 160
social contributions
-
-
-
2 251
income
-
-
-
11 450
surtax
-
-
-
-
total
-
-
-
34 299
Employee
21 931
-
61 844
-
pensions
2 480
-
4 008
-
surtax
-
-
-
-
social contributions
625
-
1 762
-
income
1 294
-
11 401
-
total
4 399
-
17 171
-
Employer
21 931
-
61 844
-
health
1 535
-
5 377
-
pensions
3 603
-
6 800
-
other
757
-
2 288
-
social contributions
66
-
186
-
unemployment
888
-
2 505
-
total
6 849
-
17 156
-
Corporate
50 221
79 000
-
-
surtax
-
-
-
-
income
14 062
22 120
-
-
total
14 062
22 120
-
-
Dividends
36 158
56 880
-
-
social contributions
6 220
9 782
-
-
surtax
-
-
-
-
withholding
4 629
7 280
-
-
total
10 849
17 062
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 159
39 182
34 327
34 299
After tax
42 841
39 818
44 673
44 701
Living cost
17 532
17 532
17 532
17 532
Free-cash
25 309
22 286
27 141
27 169

Estimated living cost  is ₴17532 per week

₴11054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4754
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28906
₴24023
₴26869
₴28878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 989
other
-
-
-
2 449
pensions
-
-
-
15 160
social contributions
-
-
-
2 251
income
-
-
-
11 450
surtax
-
-
-
-
total
-
-
-
34 299
Employee
19 576
-
61 844
-
pensions
2 214
-
4 008
-
surtax
-
-
-
-
social contributions
558
-
1 762
-
income
1 009
-
11 401
-
total
3 781
-
17 171
-
Employer
19 576
-
61 844
-
health
1 370
-
5 377
-
pensions
3 217
-
6 800
-
other
676
-
2 288
-
social contributions
58
-
186
-
unemployment
793
-
2 505
-
total
6 114
-
17 156
-
Corporate
53 310
79 000
-
-
surtax
-
-
-
-
income
14 927
22 120
-
-
total
14 927
22 120
-
-
Dividends
38 384
56 880
-
-
social contributions
6 601
9 782
-
-
surtax
-
-
-
-
withholding
4 913
7 280
-
-
total
11 514
17 062
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 336
39 182
34 327
34 299
After tax
42 664
39 818
44 673
44 701
Living cost
15 795
15 795
15 795
15 795
Free-cash
26 869
24 023
28 878
28 906

Estimated living cost  is ₴15795 per week

₴9160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
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.
₴4731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39867
₴37331
₴37596
₴38569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 515
social contributions
-
-
-
10 902
income
-
-
-
11 850
total
-
-
-
28 267
Employee
17 374
-
79 000
-
health
1 213
-
5 515
-
social contributions
2 398
-
10 902
-
income
2 898
-
13 148
-
total
6 509
-
29 565
-
Employer
17 374
-
79 000
-
total
-
-
-
-
Corporate
61 626
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%.

3 082
3 950
-
-
total
3 082
3 950
-
-
Dividends
58 544
75 050
-
-
social contributions
8 079
10 357
-
-
health
4 086
5 238
-
-
withholding
8 782
11 258
-
-
total
20 947
26 853
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 538
30 803
29 565
28 267
After tax
48 462
48 197
49 435
50 733
Living cost
10 866
10 866
10 866
10 866
Free-cash
37 596
37 331
38 569
39 867

Estimated living cost  is ₴10866 per week

₴7272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22460
₴25762
₴24970
₴2579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 579
pensions
-
-
-
11 075
unemployment
-
-
-
3 143
income
-
-
-
19 270
chamber of commerce
-
-
-
316
surtax
-
-
-
101
total
-
-
-
38 484
Employee
25 608
20 421
61 548
-
health
991
791
2 316
-
pensions
2 623
2 091
6 130
-
unemployment
768
613
1 796
-
income
2 915
1 506
15 171
-
other
256
204
599
-
total
7 553
5 205
26 012
-
Employer
25 608
20 421
61 548
-
payroll
768
613
1 847
-
health
968
772
2 263
-
surtax
101
101
101
-
accident
333
265
778
-
pensions
3 214
2 563
7 513
-
chamber of commerce
102
82
246
-
other
1 216
969
2 908
-
unemployment
768
613
1 796
-
total
7 470
5 978
17 452
-
Corporate
45 922
52 601
59 603
-
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.

11 480
13 150
14 901
-
total
11 480
13 150
14 901
-
Dividends
34 441
39 451
-
-
withholding
9 471
10 849
-
-
total
9 471
10 849
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 974
35 182
58 365
38 484
After tax
43 026
43 818
20 635
40 516
Living cost
18 056
18 056
18 056
18 056
Free-cash
24 970
25 762
2 579
22 460

Estimated living cost  is ₴18056 per week

₴12042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15699
₴25522
₴17837
₴9760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
12 311
national
-
-
-
28 306
communal

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

-
-
-
4 001
total
-
-
-
44 618
Employee

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

36 654
-
61 187
-
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.

1 722
-
2 876
-
pensions

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

2 749
-
4 589
-
unemployment

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

319
-
532
-
national
11 269
-
21 557
-
communal

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

1 912
-
3 191
-
total
17 971
-
32 745
-
Employer

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

36 654
-
61 187
-
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.

2 254
-
3 763
-
surtax
4 156
-
6 939
-
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.

476
-
795
-
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.

3 248
-
5 421
-
unemployment

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

535
-
894
-
total
10 669
-
17 812
-
Corporate
31 677
79 000
-
-
surtax
126
316
-
-
income
6 335
15 800
-
-
total
6 461
16 116
-
-
Dividends
25 215
62 884
-
-
withholding

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

7 378
18 678
-
-
total
7 378
18 678
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 479
34 794
50 557
44 618
After tax
36 521
44 206
28 443
34 382
Living cost
18 684
18 684
18 684
18 684
Free-cash
17 837
25 522
9 760
15 699

Estimated living cost  is ₴18684 per week

₴12035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25953
₴34288
₴30577
₴23804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 441
unemployment
-
-
-
333
income
-
-
-
20 291
total
-
-
-
34 541
Employee
25 507
-
63 859
-
pensions
1 199
-
2 233
-
unemployment
396
-
736
-
other
25
-
48
-
income
5 382
-
18 532
-
total
7 002
-
21 549
-
Employer
25 507
-
63 859
-
accident
505
-
940
-
pensions
6 019
-
11 209
-
other
203
-
380
-
unemployment
1 403
-
2 612
-
total
8 130
-
15 141
-
Corporate
45 363
79 000
-
-
income

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

6 804
11 850
-
-
total
6 804
11 850
-
-
Dividends
38 559
67 150
-
-
withholding
7 981
14 356
-
-
total
7 981
14 356
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 917
26 206
36 690
34 541
After tax
49 083
52 794
42 310
44 459
Living cost
18 506
18 506
18 506
18 506
Free-cash
30 577
34 288
23 804
25 953

Estimated living cost  is ₴18506 per week

₴13627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
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.
₴3298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12472
₴19011
₴13025
₴15621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 552
accident
-
-
-
666
pensions
-
-
-
11 841
communal
-
-
-
4 992
income
-
-
-
11 713
surtax
-
-
-
3 917
total
-
-
-
38 681
Employee
38 805
-
70 567
-
health
1 727
-
3 140
-
pensions
3 104
-
5 646
-
surtax
2 379
-
4 324
-
income
3 748
-
13 989
-
total
10 958
-
27 099
-
Employer
38 805
-
70 567
-
health
1 183
-
2 152
-
accident
349
-
635
-
pensions
3 104
-
5 646
-
total
4 636
-
8 433
-
Corporate
35 558
79 000
-
-
communal
2 400
5 333
-
-
surtax
373
829
-
-
income
5 334
11 850
-
-
total
8 107
18 012
-
-
Dividends
27 451
60 988
-
-
income
10 309
4 982
-
-
withholding
4 118
9 148
-
-
total
14 427
14 130
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 128
32 142
35 532
38 681
After tax
40 872
46 858
43 468
40 319
Living cost
27 847
27 847
27 847
27 847
Free-cash
13 025
19 011
15 621
12 472

Estimated living cost  is ₴27847 per week

₴20889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4975
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25979
₴38181
₴36552
₴23298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 855
other
-
-
-
-
pensions
-
-
-
13 678
unemployment
-
-
-
117
income
-
-
-
19 962
surtax
-
-
-
2 899
total
-
-
-
41 511
Employee
17 256
-
65 262
-
health
441
-
1 664
-
pensions
1 151
-
4 353
-
unemployment
1 201
-
4 542
-
surtax
61
-
2 475
-
income
2 893
-
17 421
-
other
-
-
-
-
total
5 747
-
30 455
-
Employer
17 256
-
65 262
-
health
785
-
2 970
-
pensions
2 301
-
8 699
-
other
-
-
-
-
unemployment
547
-
2 068
-
total
3 633
-
13 737
-
Corporate
58 111
79 000
-
-
income
15 108
20 540
-
-
total
15 108
20 540
-
-
Dividends
43 002
58 460
-
-
withholding
6 450
8 769
-
-
total
6 450
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 938
29 309
44 192
41 511
After tax
48 062
49 691
34 808
37 489
Living cost
11 510
11 510
11 510
11 510
Free-cash
36 552
38 181
23 298
25 979

Estimated living cost  is ₴11510 per week

₴6949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
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.
₴3294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24340
₴27721
₴26583
₴20757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
1 192
municipal
-
-
-
470
social contributions
-
-
-
20 319
national
-
-
-
18 876
total
-
-
-
40 857
Employee
28 425
-
79 000
-
regional
383
-
1 063
-
national
4 503
-
16 319
-
social contributions
9 585
-
26 639
-
municipal
151
-
419
-
total
14 622
-
44 440
-
Employer
28 425
-
79 000
-
total
-
-
-
-
Corporate
50 575
79 000
-
-
nationa
12 138
18 960
-
-
municipal
2 514
3 927
-
-
total
14 652
22 887
-
-
Dividends
35 924
56 113
-
-
withholding
9 340
14 589
-
-
total
9 340
14 589
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 614
37 476
44 440
40 857
After tax
40 386
41 524
34 560
38 143
Living cost
13 803
13 803
13 803
13 803
Free-cash
26 583
27 721
20 757
24 340

Estimated living cost  is ₴13803 per week

₴8584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
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.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27140
₴38862
₴33322
₴24559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 665
social contributions
-
-
-
18 135
solidarity contribution
-
-
-
-
income
-
-
-
7 530
total
-
-
-
36 330
Employee
22 838
-
58 955
-
health
3 083
-
7 959
-
solidarity contribution
-
-
-
-
social contributions
1 484
-
3 832
-
income
2 741
-
7 075
-
total
7 308
-
18 866
-
Employer
22 838
-
58 955
-
health
2 055
-
5 306
-
social contributions
5 710
-
14 739
-
total
7 765
-
20 045
-
Corporate
48 397
79 000
-
-
income
9 195
15 010
-
-
total
9 195
15 010
-
-
Dividends
39 201
63 990
-
-
withholding
5 880
9 598
-
-
total
5 880
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 148
24 608
38 911
36 330
After tax
48 852
54 392
40 089
42 670
Living cost
15 530
15 530
15 530
15 530
Free-cash
33 322
38 862
24 559
27 140

Estimated living cost  is ₴15530 per week

₴11549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24269
₴27525
₴27272
₴4317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 579
pensions
-
-
-
11 075
unemployment
-
-
-
3 143
income
-
-
-
19 270
chamber of commerce
-
-
-
316
surtax
-
-
-
-
total
-
-
-
38 383
Employee
22 399
20 421
61 641
-
health
866
791
2 316
-
pensions
2 294
2 091
6 130
-
unemployment
672
613
1 796
-
income
1 995
1 506
15 210
-
other
224
204
599
-
total
6 051
5 205
26 051
-
Employer
22 399
20 421
61 641
-
payroll
672
613
1 850
-
health
847
772
2 263
-
surtax
-
-
-
-
accident
291
265
778
-
pensions
2 811
2 563
7 513
-
chamber of commerce
89
82
247
-
other
1 064
969
2 912
-
unemployment
672
613
1 796
-
total
6 446
5 877
17 359
-
Corporate
50 155
52 702
59 697
-
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.

12 538
13 175
14 925
-
total
12 538
13 175
14 925
-
Dividends
37 616
39 527
-
-
withholding
10 345
10 870
-
-
total
10 345
10 870
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 380
35 127
58 335
38 383
After tax
43 620
43 873
20 665
40 617
Living cost
16 348
16 348
16 348
16 348
Free-cash
27 272
27 525
4 317
24 269

Estimated living cost  is ₴16348 per week

₴9807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71625
₴68465
₴67231
₴56615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
microenterprise

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

-
-
-
790
total
-
-
-
790
Employee
8 231
-
79 000
-
income
1 646
-
15 800
-
total
1 646
-
15 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

70 769
79 000
-
-
total
-
-
-
-
Dividends
70 769
79 000
-
-
withholding
3 538
3 950
-
-
total
3 538
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 184
3 950
15 800
790
After tax
73 816
75 050
63 200
78 210
Living cost
6 585
6 585
6 585
6 585
Free-cash
67 231
68 465
56 615
71 625

Estimated living cost  is ₴6585 per week

₴4456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25412
₴40647
₴36362
₴23321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 773
pensions
-
-
-
14 428
unemployment
-
-
-
119
income
-
-
-
17 524
total
-
-
-
39 844
Employee

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

22 659
-
68 358
-
health
1 463
-
4 416
-
pensions
3 512
-
10 595
-
unemployment
32
-
95
-
income
3 908
-
16 187
-
total
8 915
-
31 293
-
Employer

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

22 659
-
68 358
-
health
1 509
-
4 552
-
pensions
2 005
-
6 049
-
unemployment
14
-
41
-
total
3 528
-
10 642
-
Corporate
52 813
79 000
-
-
income
10 034
15 010
-
-
total
10 034
15 010
-
-
Dividends
42 778
63 990
-
-
withholding
6 417
9 599
-
-
total
6 417
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 894
24 609
41 935
39 844
After tax
50 106
54 391
37 065
39 156
Living cost
13 744
13 744
13 744
13 744
Free-cash
36 362
40 647
23 321
25 412

Estimated living cost  is ₴13744 per week

₴9432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
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.
₴3165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31327
₴24796
-₴1406
₴48638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
9 006
income
-
-
-
15 399
total
-
-
-
24 405
Employee
33 364
-
-
-
social contributions
2 736
-
390
-
income
7 359
-
-
-
total
10 095
-
390
-
Employer
33 364
-
-
-
social contributions
47 043
-
6 704
-
total
47 043
-
6 704
-
Corporate
-
79 000
-
-
income
-
17 380
-
-
total
-
17 380
-
-
Dividends
-
61 620
-
-
income
-
13 556
-
-
total
-
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
57 138
30 936
7 094
24 405
After tax
21 862
48 064
71 906
54 595
Living cost
23 268
23 268
23 268
23 268
Free-cash
-1 406
24 796
48 638
31 327

Estimated living cost  is ₴23268 per week

₴15097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26635
₴28863
₴28348
₴20968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
social contributions

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

-
-
-
27 452
income
-
-
-
8 840
surtax
-
-
-
-
total
-
-
-
36 292
Employee
23 567
-
63 838
-
surtax
-
-
-
-
social contributions
2 592
-
7 022
-
income
4 902
-
19 775
-
total
7 494
-
26 797
-
Employer
23 567
-
63 838
-
social contributions
5 597
-
15 162
-
total
5 597
-
15 162
-
Corporate
49 835
79 000
-
-
surtax
-
-
-
-
income
10 465
16 590
-
-
total
10 465
16 590
-
-
Dividends
39 370
62 410
-
-
withholding
11 023
17 474
-
-
total
11 023
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 579
34 064
41 959
36 292
After tax
44 421
44 936
37 041
42 708
Living cost
16 073
16 073
16 073
16 073
Free-cash
28 348
28 863
20 968
26 635

Estimated living cost  is ₴16073 per week

₴12026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19952
₴15069
₴18590
₴19924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 989
other
-
-
-
2 449
pensions
-
-
-
15 160
social contributions
-
-
-
2 251
income
-
-
-
11 450
surtax
-
-
-
-
total
-
-
-
34 299
Employee
32 094
-
61 844
-
pensions
3 630
-
4 008
-
surtax
-
-
-
-
social contributions
914
-
1 762
-
income
2 800
-
11 401
-
total
7 344
-
17 171
-
Employer
32 094
-
61 844
-
health
2 246
-
5 377
-
pensions
5 273
-
6 800
-
other
1 108
-
2 288
-
social contributions
96
-
186
-
unemployment
1 300
-
2 505
-
total
10 023
-
17 156
-
Corporate
36 883
79 000
-
-
surtax
-
-
-
-
income
10 327
22 120
-
-
total
10 327
22 120
-
-
Dividends
26 556
56 880
-
-
social contributions
4 567
9 782
-
-
surtax
-
-
-
-
withholding
3 400
7 280
-
-
total
7 967
17 062
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 661
39 182
34 327
34 299
After tax
43 339
39 818
44 673
44 701
Living cost
24 749
24 749
24 749
24 749
Free-cash
18 590
15 069
19 924
19 952

Estimated living cost  is ₴24749 per week

₴16750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2025
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43167
₴55697
₴53975
₴45265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 050
social contributions
-
-
-
17 380
total
-
-
-
20 430
Employee
16 474
-
68 398
-
social contributions
1 071
-
4 446
-
income
-
-
3 284
-
total
1 071
-
7 730
-
Employer
16 474
-
68 398
-
social contributions
2 554
-
10 602
-
total
2 554
-
10 602
-
Corporate
59 973
79 000
-
-
income
5 997
7 900
-
-
total
5 997
7 900
-
-
Dividends
53 976
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 622
7 900
18 332
20 430
After tax
69 378
71 100
60 668
58 570
Living cost
15 403
15 403
15 403
15 403
Free-cash
53 975
55 697
45 265
43 167

Estimated living cost  is ₴15403 per week

₴9959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22679
-₴31984
-₴31984
-₴31984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 138
labour market
-
-
-
6 285
national
-
-
-
8 924
pensions
-
-
-
442
total
-
-
-
31 789
Employee
103 544
103 544
103 544
-
pensions
147
147
147
-
labour market
8 272
8 272
8 272
-
national
12 650
12 650
12 650
-
municipal
22 049
22 049
22 049
-
total
43 118
43 118
43 118
-
Employer
103 544
103 544
103 544
-
municipal
22 084
22 084
22 084
-
labour market
8 284
8 284
8 284
-
national
12 672
12 672
12 672
-
pensions
294
294
294
-
total
43 334
43 334
43 334
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
86 452
86 452
86 452
31 789
After tax
-7 452
-7 452
-7 452
47 211
Living cost
24 532
24 532
24 532
24 532
Free-cash
-31 984
-31 984
-31 984
22 679

Estimated living cost  is ₴24532 per week

₴16790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42918
-₴4728
₴4693
₴31382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 120
accident
-
-
-
130
other
-
-
-
190
pensions
-
-
-
2 136
income
-
-
-
21 379
total
-
-
-
24 955
Employee
17 504
-
70 442
-
health
2 004
-
8 066
-
pensions
1 971
-
3 917
-
income
2 401
-
15 950
-
total
6 376
-
27 933
-
Employer
17 504
-
70 442
-
accident
292
-
1 176
-
pensions
2 846
-
5 656
-
unemployment
429
-
1 726
-
total
3 567
-
8 558
-
Corporate
57 929
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.

52 136
71 100
-
-
total
52 136
71 100
-
-
Dividends
5 793
7 900
-
-
withholding
1 101
1 501
-
-
total
1 101
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 180
72 601
36 491
24 955
After tax
15 820
6 399
42 509
54 045
Living cost
11 127
11 127
11 127
11 127
Free-cash
4 693
-4 728
31 382
42 918

Estimated living cost  is ₴11127 per week

₴8099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32917
₴30529
₴31548
₴22485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 003
municipal
-
-
-
14 040
national
-
-
-
11 367
total
-
-
-
26 410
Employee
26 959
-
66 460
-
health
201
-
810
-
pensions
1 819
-
4 486
-
unemployment
405
-
997
-
national
445
-
7 179
-
municipal
4 416
-
10 830
-
total
7 286
-
24 302
-
Employer
26 959
-
66 460
-
health
207
-
511
-
accident
27
-
66
-
pensions
4 677
-
11 531
-
unemployment
175
-
432
-
total
5 086
-
12 540
-
Corporate
46 954
79 000
-
-
income
9 391
15 800
-
-
total
9 391
15 800
-
-
Dividends

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

28 172
47 400
-
-
national
945
4 466
-
-
municipal
5 071
8 532
-
-
total
6 016
12 998
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 779
28 798
36 842
26 410
After tax
51 221
50 202
42 158
52 590
Living cost
19 673
19 673
19 673
19 673
Free-cash
31 548
30 529
22 485
32 917

Estimated living cost  is ₴19673 per week

₴12850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42696
₴45804
₴43015
₴41970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 015
social contributions
-
-
-
8 291
income
-
-
-
14 134
total
-
-
-
24 440
Employee
39 403
39 403
73 235
-
health
305
670
1 245
-
social contributions
1 490
3 270
4 411
-
income
4 290
3 648
13 744
-
total
6 085
7 588
19 400
-
Employer
39 403
39 403
73 235
-
health
332
729
1 355
-
social contributions
1 490
3 270
4 411
-
total
1 822
3 999
5 766
-
Corporate
59 229
35 598
-
-
income
7 404
4 450
-
-
total
7 404
4 450
-
-
Dividends
51 825
31 148
-
-
withholding
8 810
5 295
-
-
total
8 810
5 295
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 121
21 332
25 166
24 440
After tax
54 879
57 668
53 834
54 560
Living cost
11 864
11 864
11 864
11 864
Free-cash
43 015
45 804
41 970
42 696

Estimated living cost  is ₴11864 per week

₴7110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57790
₴57284
₴54677
₴47512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 854
pensions
-
-
-
3 260
unemployment
-
-
-
15
income
-
-
-
7 945
total
-
-
-
13 074
Employee

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

11 762
-
73 992
-
health
1 000
-
4 133
-
pensions
1 764
-
7 293
-
unemployment
58
-
243
-
income
804
-
6 675
-
total
3 626
-
18 344
-
Employer

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

11 762
-
73 992
-
health
506
-
2 091
-
pensions
647
-
2 674
-
unemployment
58
-
243
-
total
1 211
-
5 008
-
Corporate
66 028
79 000
-
-
income
5 942
7 110
-
-
total
5 942
7 110
-
-
Dividends
60 085
71 890
-
-
withholding
5 408
6 470
-
-
total
5 408
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 187
13 580
23 352
13 074
After tax
62 813
65 420
55 648
65 926
Living cost
8 136
8 136
8 136
8 136
Free-cash
54 677
57 284
47 512
57 790

Estimated living cost  is ₴8136 per week

₴5191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30368
₴38703
₴36386
₴28219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 441
unemployment
-
-
-
333
income
-
-
-
20 291
total
-
-
-
34 541
Employee
18 947
-
63 859
-
pensions
891
-
2 233
-
unemployment
294
-
736
-
other
18
-
48
-
income
3 653
-
18 532
-
total
4 856
-
21 549
-
Employer
18 947
-
63 859
-
accident
375
-
940
-
pensions
4 471
-
11 209
-
other
152
-
380
-
unemployment
1 042
-
2 612
-
total
6 040
-
15 141
-
Corporate
54 012
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.

8 102
11 850
-
-
total
8 102
11 850
-
-
Dividends
45 910
67 150
-
-
withholding
9 525
14 356
-
-
total
9 525
14 356
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 523
26 206
36 690
34 541
After tax
50 477
52 794
42 310
44 459
Living cost
14 091
14 091
14 091
14 091
Free-cash
36 386
38 703
28 219
30 368

Estimated living cost  is ₴14091 per week

₴9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49823
₴48334
₴48177
₴49755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
509
pensions
-
-
-
701
income
-
-
-
27 005
total
-
-
-
28 215
Employee
1 465
-
78 211
-
health
73
-
175
-
pensions
132
-
316
-
unemployment
15
-
35
-
income
283
-
26 968
-
total
503
-
27 494
-
Employer
1 465
-
78 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
77 206
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
28 283
28 215
After tax
49 139
49 296
50 717
50 785
Living cost
962
962
962
962
Free-cash
48 177
48 334
49 755
49 823

Estimated living cost  is ₴962 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
₴38244
₴48228
₴45712
₴38244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 895
pensions
-
-
-
9 832
unemployment
-
-
-
567
income
-
-
-
17 613
total
-
-
-
31 907
Employee

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

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

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

13 344
-
72 231
-
health
687
-
1 947
-
pensions
1 868
-
5 294
-
unemployment
100
-
284
-
income
1 839
-
17 613
-
total
4 494
-
25 138
-
Employer

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

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

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

13 344
-
72 231
-
health
687
-
1 947
-
pensions
1 601
-
4 538
-
unemployment
100
-
284
-
total
2 388
-
6 769
-
Corporate
63 268
79 000
-
-
income
9 490
11 850
-
-
total
9 490
11 850
-
-
Dividends
53 778
67 150
-
-
withholding
8 067
10 073
-
-
total
8 067
10 073
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 439
21 923
31 907
31 907
After tax
54 561
57 077
47 093
47 093
Living cost
8 849
8 849
8 849
8 849
Free-cash
45 712
48 228
38 244
38 244

Estimated living cost  is ₴8849 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1950
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28894
₴31122
₴30936
₴23227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
social contributions

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

-
-
-
27 452
income
-
-
-
8 840
surtax
-
-
-
-
total
-
-
-
36 292
Employee
19 888
-
63 838
-
surtax
-
-
-
-
social contributions
2 188
-
7 022
-
income
3 886
-
19 775
-
total
6 074
-
26 797
-
Employer
19 888
-
63 838
-
social contributions
4 723
-
15 162
-
total
4 723
-
15 162
-
Corporate
54 389
79 000
-
-
surtax
-
-
-
-
income
11 422
16 590
-
-
total
11 422
16 590
-
-
Dividends
42 967
62 410
-
-
withholding
12 031
17 474
-
-
total
12 031
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 250
34 064
41 959
36 292
After tax
44 750
44 936
37 041
42 708
Living cost
13 814
13 814
13 814
13 814
Free-cash
30 936
31 122
23 227
28 894

Estimated living cost  is ₴13814 per week

₴9784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
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.
₴2826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26450
₴34785
₴31249
₴24301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 441
unemployment
-
-
-
333
income
-
-
-
20 291
total
-
-
-
34 541
Employee
24 748
-
63 859
-
pensions
1 163
-
2 233
-
unemployment
383
-
736
-
other
24
-
48
-
income
5 169
-
18 532
-
total
6 739
-
21 549
-
Employer
24 748
-
63 859
-
accident
490
-
940
-
pensions
5 840
-
11 209
-
other
198
-
380
-
unemployment
1 361
-
2 612
-
total
7 889
-
15 141
-
Corporate
46 362
79 000
-
-
income

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

6 955
11 850
-
-
total
6 955
11 850
-
-
Dividends
39 408
67 150
-
-
withholding
8 159
14 356
-
-
total
8 159
14 356
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 742
26 206
36 690
34 541
After tax
49 258
52 794
42 310
44 459
Living cost
18 009
18 009
18 009
18 009
Free-cash
31 249
34 785
24 301
26 450

Estimated living cost  is ₴18009 per week

₴12933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53587
₴58750
₴55634
₴56566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 054
pensions

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

-
-
-
2 643
unemployment
-
-
-
71
income
-
-
-
11 850
total
-
-
-
16 618
Employee
11 646
-
75 496
-
health
536
-
822
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 022
-
1 568
-
income
1 165
-
7 550
-
total
2 851
-
10 136
-
Employer
11 646
-
75 496
-
health
804
-
1 232
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 283
-
1 968
-
unemployment
70
-
107
-
total
2 285
-
3 503
-
Corporate
65 068
79 000
-
-
income
6 507
7 900
-
-
total
6 507
7 900
-
-
Dividends
58 562
71 100
-
-
withholding
2 928
3 555
-
-
total
2 928
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 571
11 455
13 639
16 618
After tax
64 429
67 545
65 361
62 382
Living cost
8 795
8 795
8 795
8 795
Free-cash
55 634
58 750
56 566
53 587

Estimated living cost  is ₴8795 per week

₴5817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
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.
₴2265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23353
₴20892
₴27595
₴31270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
trade
-
-
-
7 917
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.

-
-
-
1 275
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.

-
-
-
23 171
total
-
-
-
35 864
Employee

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

25 496
-
79 000
-
health

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

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

3 501
-
3 501
-
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.

116
-
1 275
-
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.

2 097
-
23 171
-
total
5 714
-
27 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 504
79 000
-
-
trade
7 678
11 336
-
-
chamber of commerce
157
194
-
-
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.

441
652
-
-
income
8 025
11 850
-
-
total
16 301
24 032
-
-
Dividends
37 202
54 969
-
-
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.

501
745
-
-
withholding
9 106
13 548
-
-
total
9 607
14 293
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 622
38 325
27 947
35 864
After tax
47 378
40 675
51 053
43 136
Living cost
19 783
19 783
19 783
19 783
Free-cash
27 595
20 892
31 270
23 353

Estimated living cost  is ₴19783 per week

₴13647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2129
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.
₴3720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13761
₴26110
₴27241
₴13761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 130
social contributions
-
-
-
12 919
total
-
-
-
36 049
Employee
40 083
-
79 000
-
social contributions
3 330
-
12 919
-
income
7 563
-
23 130
-
total
10 893
-
36 049
-
Employer
40 083
-
79 000
-
total
-
-
-
-
Corporate
38 917
79 000
-
-
income
4 865
9 875
-
-
total
4 865
9 875
-
-
Dividends
34 052
69 125
-
-
withholding
6 811
13 825
-
-
total
6 811
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 569
23 700
36 049
36 049
After tax
56 431
55 300
42 951
42 951
Living cost
29 190
29 190
29 190
29 190
Free-cash
27 241
26 110
13 761
13 761

Estimated living cost  is ₴29190 per week

₴22207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2379
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.
₴4325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42623
₴30042
₴31833
₴38256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
79 000
income
-
-
-
14 586
health

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

-
-
-
3 190
total
-
-
-
17 776
Employee
23 507
-
76 643
-
social contributions
2 355
-
2 357
-
income
2 551
-
17 429
-
total
4 906
-
19 786
-
Employer
23 507
-
76 643
-
social contributions
2 355
-
2 357
-
total
2 355
-
2 357
-
Corporate
53 138
79 000
-
-
income
18 598
27 650
-
-
total
18 598
27 650
-
-
Dividends
34 540
51 350
-
-
social contributions
2 707
2 707
-
-
total
2 707
2 707
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 566
30 357
22 143
17 776
After tax
50 434
48 643
56 857
61 224
Living cost
18 601
18 601
18 601
18 601
Free-cash
31 833
30 042
38 256
42 623

Estimated living cost  is ₴18601 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34264
₴33943
₴36962
₴27055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
pensions
-
-
-
4 370
income
-
-
-
21 434
total
-
-
-
25 804
Employee
25 987
-
69 111
-
health
339
-
1 044
-
pensions
1 983
-
5 454
-
income
4 732
-
16 626
-
total
7 054
-
23 124
-
Employer
25 987
-
69 111
-
health
494
-
1 313
-
pensions
2 625
-
8 576
-
total
3 119
-
9 889
-
Corporate
49 894
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.

9 480
15 010
-
-
total
9 480
15 010
-
-
Dividends
40 414
63 990
-
-
withholding
3 453
11 115
-
-
total
3 453
11 115
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 106
26 125
33 013
25 804
After tax
55 894
52 875
45 987
53 196
Living cost
18 932
18 932
18 932
18 932
Free-cash
36 962
33 943
27 055
34 264

Estimated living cost  is ₴18932 per week

₴12987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴41816
-₴5830
₴4523
₴30280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 120
accident
-
-
-
130
other
-
-
-
190
pensions
-
-
-
2 136
income
-
-
-
21 379
total
-
-
-
24 955
Employee
19 237
-
70 442
-
health
2 203
-
8 066
-
pensions
2 166
-
3 917
-
income
2 639
-
15 950
-
total
7 008
-
27 933
-
Employer
19 237
-
70 442
-
accident
321
-
1 176
-
pensions
3 128
-
5 656
-
unemployment
471
-
1 726
-
total
3 920
-
8 558
-
Corporate
55 843
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.

50 259
71 100
-
-
total
50 259
71 100
-
-
Dividends
5 584
7 900
-
-
withholding
1 061
1 501
-
-
total
1 061
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 248
72 601
36 491
24 955
After tax
16 752
6 399
42 509
54 045
Living cost
12 229
12 229
12 229
12 229
Free-cash
4 523
-5 830
30 280
41 816

Estimated living cost  is ₴12229 per week

₴8975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2295
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37506
₴59567
₴57173
₴47978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
health insurance
-
-
-
5 846
work injury
-
-
-
395
pensions
-
-
-
14 536
unemployment
-
-
-
948
income
-
-
-
12 857
total
-
-
-
34 582
Employee

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

11 059
-
79 000
-
pensions
2 035
-
7 529
-
work injury
55
-
205
-
unemployment
133
-
491
-
health insurance
818
-
3 028
-
income
1 106
-
12 857
-
total
4 147
-
24 110
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 941
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%.

679
790
-
-
total
679
790
-
-
Dividends
67 261
78 210
-
-
withholding
10 089
11 731
-
-
total
10 089
11 731
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 915
12 521
24 110
34 582
After tax
64 085
66 479
54 890
44 418
Living cost
6 912
6 912
6 912
6 912
Free-cash
57 173
59 567
47 978
37 506

Estimated living cost  is ₴6912 per week

₴4282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17065
₴21198
₴18866
₴13571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
regional
-
-
-
1 798
municipal
-
-
-
528
social contributions
-
-
-
20 319
national
-
-
-
18 876
total
-
-
-
41 521
Employee
43 180
-
79 000
-
regional
652
-
1 585
-
national
7 297
-
16 319
-
social contributions
14 560
-
26 639
-
municipal
258
-
472
-
total
22 767
-
45 015
-
Employer
43 180
-
79 000
-
total
-
-
-
-
Corporate
35 820
79 000
-
-
nationa
8 597
18 960
-
-
municipal
1 727
3 808
-
-
total
10 324
22 768
-
-
Dividends
25 496
56 232
-
-
withholding
6 629
14 620
-
-
total
6 629
14 620
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 720
37 388
45 015
41 521
After tax
39 280
41 612
33 985
37 479
Living cost
20 414
20 414
20 414
20 414
Free-cash
18 866
21 198
13 571
17 065

Estimated living cost  is ₴20414 per week

₴14339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4361
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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