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
₴24966
₴35876
₴27034
₴30405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income

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

-
-
-
23 577
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.

-
-
-
1 297
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.

-
-
-
3 359
trade
-
-
-
8 842
total
-
-
-
37 075
Employee

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

18 804
-
79 000
-
surtax

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

29
-
1 297
-
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.

525
-
23 577
-
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.

3 359
-
3 359
-
total
3 913
-
28 233
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 196
79 000
-
-
income
9 029
11 850
-
-
surtax

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

496
652
-
-
chamber of commerce
161
188
-
-
trade
9 481
12 442
-
-
total
19 167
25 132
-
-
Dividends
41 027
53 867
-
-
surtax

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

554
731
-
-
withholding
10 070
13 280
-
-
total
10 624
14 011
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 704
39 143
28 233
37 075
After tax
45 296
39 857
50 767
41 925
Living cost
14 892
14 892
14 892
14 892
Free-cash
30 405
24 966
35 876
27 034

Estimated living cost  is ₴14892 per week

₴9367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22965
₴21119
₴20500
₴22526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
849
municipal
-
-
-
8 566
national
-
-
-
13 274
pensions
-
-
-
9 480
total
-
-
-
32 169
Employee
40 818
-
68 295
-
municipal
5 042
-
8 872
-
pensions
1 633
-
2 732
-
national
7 813
-
13 748
-
total
14 488
-
25 352
-
Employer
40 818
-
68 295
-
pensions
3 265
-
5 464
-
social contributions
439
-
734
-
total
3 704
-
6 198
-
Corporate
31 784
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%.

6 357
15 800
-
-
total
6 357
15 800
-
-
Dividends
25 427
63 200
-
-
withholding
5 594
13 904
-
-
total
5 594
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 143
29 704
31 550
32 169
After tax
48 857
49 296
47 450
46 831
Living cost
26 331
26 331
26 331
26 331
Free-cash
22 526
22 965
21 119
20 500

Estimated living cost  is ₴26331 per week

₴17897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52972
₴37260
₴16380
₴48941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 000
income
-
-
-
13 410
surtax
-
-
-
20 145
social contributions

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

-
-
-
18 837
microenterprise
-
-
-
-
total
-
-
-
52 392
Employee
14 366
-
57 724
-
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.

1 580
-
6 350
-
income
2 557
-
11 256
-
total
4 137
-
17 606
-
Employer
14 366
-
57 724
-
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.

3 460
-
13 906
-
surtax
-
-
-
-
total
3 460
-
13 906
-
Corporate
61 173
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%.

12 234
15 800
-
-
total
12 234
15 800
-
-
Dividends

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

48 939
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 831
15 800
31 512
52 392
After tax
59 169
63 200
47 488
26 608
Living cost
10 228
10 228
10 228
10 228
Free-cash
48 941
52 972
37 260
16 380

Estimated living cost  is ₴10228 per week

₴6525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18405
₴27935
₴23547
₴15393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 034
health
-
-
-
6 063
pensions
-
-
-
5 760
total
-
-
-
34 857
Employee
41 984
41 984
69 863
-
pensions
7 557
5 760
5 760
-
income

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

6 872
6 872
9 509
-
health
6 444
5 481
6 063
-
total
20 873
18 113
21 332
-
Employer
41 984
41 984
69 863
-
health
2 918
2 918
3 627
-
pensions
2 922
2 922
3 632
-
unemployment
1 511
1 511
1 878
-
total
7 351
7 351
9 137
-
Corporate
30 179
29 664
-
-
income
6 035
5 933
-
-
total
6 035
5 933
-
-
Dividends
24 143
23 731
-
-
income
5 130
5 043
-
-
withholding
3 622
3 559
-
-
total
8 752
8 602
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 011
39 999
30 469
34 857
After tax
35 989
39 001
48 531
44 143
Living cost
20 596
20 596
20 596
20 596
Free-cash
15 393
18 405
27 935
23 547

Estimated living cost  is ₴20596 per week

₴14596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23128
₴20648
₴21134
₴22677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
accident
-
-
-
88
other
-
-
-
5 095
unemployment
-
-
-
44
health
-
-
-
2 736
municipal
-
-
-
19 770
national
-
-
-
5 387
pensions
-
-
-
4 740
total
-
-
-
37 860
Employee
28 507
-
65 223
-
municipal
8 501
-
19 450
-
national
-
-
5 118
-
total
8 501
-
24 568
-
Employer
28 507
-
65 223
-
health
1 753
-
2 697
-
pensions
3 082
-
4 740
-
accident
57
-
88
-
unemployment
753
-
1 158
-
other
3 313
-
5 095
-
total
8 958
-
13 778
-
Corporate
41 536
79 000
-
-
income
9 138
17 380
-
-
total
9 138
17 380
-
-
Dividends
32 398
61 620
-
-
withholding
9 720
18 486
-
-
total
9 720
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 317
35 866
38 346
37 860
After tax
42 683
43 134
40 654
41 140
Living cost
20 006
20 006
20 006
20 006
Free-cash
22 677
23 128
20 648
21 134

Estimated living cost  is ₴20006 per week

₴13259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20136
₴31453
₴22217
₴27045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income

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

-
-
-
23 577
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.

-
-
-
1 297
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.

-
-
-
3 359
trade
-
-
-
9 236
total
-
-
-
37 469
Employee

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

24 932
-
79 000
-
surtax

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

118
-
1 297
-
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.

2 142
-
23 577
-
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.

3 359
-
3 359
-
total
5 619
-
28 233
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 068
79 000
-
-
income
8 110
11 850
-
-
surtax

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

446
652
-
-
chamber of commerce
151
187
-
-
trade
8 894
12 996
-
-
total
17 601
25 685
-
-
Dividends
36 466
53 316
-
-
surtax

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

491
723
-
-
withholding
8 930
13 142
-
-
total
9 421
13 865
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 641
39 550
28 233
37 469
After tax
46 359
39 450
50 767
41 531
Living cost
19 314
19 314
19 314
19 314
Free-cash
27 045
20 136
31 453
22 217

Estimated living cost  is ₴19314 per week

₴12917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41708
₴37716
₴38431
₴39671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
14 654
social contributions
-
-
-
7 955
health
-
-
-
2 014
total
-
-
-
24 623
Employee
37 805
37 805
73 410
-
social contributions
1 837
3 138
4 232
-
income
3 970
3 500
14 268
-
health
376
643
1 248
-
total
6 183
7 281
19 748
-
Employer
37 805
37 805
73 410
-
health
410
700
1 358
-
social contributions
1 837
3 138
4 232
-
total
2 247
3 838
5 590
-
Corporate
54 624
37 358
-
-
income
6 828
4 670
-
-
total
6 828
4 670
-
-
Dividends
47 796
32 688
-
-
withholding
8 125
5 557
-
-
total
8 125
5 557
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 383
21 346
25 338
24 623
After tax
55 617
57 654
53 662
54 377
Living cost
15 946
15 946
15 946
15 946
Free-cash
39 671
41 708
37 716
38 431

Estimated living cost  is ₴15946 per week

₴10901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1246
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.
₴3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35416
₴36817
₴45748
₴35604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 961
5 158
66 109
-
unemployment
194
77
992
-
pensions
1 296
516
6 611
-
income
1 585
631
8 082
-
health
907
361
4 628
-
total
3 982
1 585
20 313
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 961
5 158
66 109
-
pensions
2 527
1 006
12 891
-
total
2 527
1 006
12 891
-
Corporate
63 511
72 836
-
-
income
5 716
6 555
-
-
total
5 716
6 555
-
-
Dividends
57 795
66 281
-
-
social contributions
11 211
12 866
-
-
withholding
10 981
12 593
-
-
total
22 192
25 459
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 417
34 605
33 204
24 273
After tax
44 583
44 395
45 796
54 727
Living cost
8 979
8 979
8 979
8 979
Free-cash
35 604
35 416
36 817
45 748

Estimated living cost  is ₴8979 per week

₴6127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51325
₴33660
₴30469
₴48271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
10 586
health
-
-
-
10 270
pensions
-
-
-
15 800
total
-
-
-
36 656
Employee
13 947
-
59 043
-
unemployment
223
-
945
-
pensions
279
-
1 181
-
income
1 570
-
11 383
-
total
2 072
-
13 509
-
Employer
13 947
-
59 043
-
health
1 813
-
7 676
-
pensions
2 790
-
11 808
-
unemployment
112
-
472
-
total
4 715
-
19 956
-
Corporate
60 338
79 000
-
-
income
12 067
15 800
-
-
total
12 067
15 800
-
-
Dividends
48 271
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 854
15 800
33 465
36 656
After tax
60 146
63 200
45 535
42 344
Living cost
11 875
11 875
11 875
11 875
Free-cash
48 271
51 325
33 660
30 469

Estimated living cost  is ₴11875 per week

₴8145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4529
₴31684
₴43108
₴4723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
accident
-
-
-
125
income
-
-
-
21 505
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
24 964
Employee
17 190
-
70 618
-
pensions
1 936
-
3 790
-
income
2 358
-
16 130
-
health
1 968
-
8 086
-
total
6 262
-
28 006
-
Employer
17 190
-
70 618
-
pensions
2 795
-
5 473
-
accident
287
-
1 179
-
unemployment
421
-
1 730
-
total
3 503
-
8 382
-
Corporate
58 306
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.

52 476
71 100
-
-
total
52 476
71 100
-
-
Dividends
5 831
7 900
-
-
withholding
1 108
1 501
-
-
total
1 108
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 349
72 601
36 388
24 964
After tax
15 651
6 399
42 612
54 036
Living cost
10 928
10 928
10 928
10 928
Free-cash
4 723
-4 529
31 684
43 108

Estimated living cost  is ₴10928 per week

₴8009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71029
₴59179
₴74189
₴70275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 026
-
79 000
-
income
1 005
-
15 800
-
total
1 005
-
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%.

73 974
79 000
-
-
total
-
-
-
-
Dividends
73 974
79 000
-
-
withholding
3 699
3 950
-
-
total
3 699
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 704
3 950
15 800
790
After tax
74 296
75 050
63 200
78 210
Living cost
4 021
4 021
4 021
4 021
Free-cash
70 275
71 029
59 179
74 189

Estimated living cost  is ₴4021 per week

₴2492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44942
₴31856
₴29642
₴41621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 474
other
-
-
-
3 551
health
-
-
-
3 290
pensions

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

-
-
-
17 943
total
-
-
-
36 258
Employee
17 851
-
63 098
-
unemployment
178
-
631
-
pensions

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

1 249
-
4 417
-
income
3 073
-
12 211
-
health
250
-
884
-
total
4 750
-
18 143
-
Employer
17 851
-
63 098
-
health
250
-
884
-
pensions

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

3 035
-
10 727
-
accident
143
-
505
-
unemployment
178
-
631
-
other
893
-
3 154
-
total
4 499
-
15 901
-
Corporate
56 650
79 000
-
-
income
11 897
16 590
-
-
total
11 897
16 590
-
-
Dividends
44 754
62 410
-
-
withholding
3 133
4 368
-
-
total
3 133
4 368
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 279
20 958
34 044
36 258
After tax
54 721
58 042
44 956
42 742
Living cost
13 100
13 100
13 100
13 100
Free-cash
41 621
44 942
31 856
29 642

Estimated living cost  is ₴13100 per week

₴9256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴19911
₴13180
₴20367
₴19993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 872
pensions
-
-
-
4 242
total
-
-
-
26 114
Employee
46 010
-
69 072
-
pensions
4 439
-
5 266
-
income
8 294
-
17 080
-
health
758
-
1 027
-
total
13 491
-
23 373
-
Employer
46 010
-
69 072
-
health
874
-
1 313
-
pensions
5 432
-
8 615
-
total
6 306
-
9 928
-
Corporate
26 684
79 000
-
-
income

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

5 070
15 010
-
-
total
5 070
15 010
-
-
Dividends
21 614
63 990
-
-
withholding
1 621
11 560
-
-
total
1 621
11 560
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 488
26 570
33 301
26 114
After tax
52 512
52 430
45 699
52 886
Living cost
32 519
32 519
32 519
32 519
Free-cash
19 993
19 911
13 180
20 367

Estimated living cost  is ₴32519 per week

₴24367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3821
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61096
₴59130
₴56113
₴58811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 850
unemployment
-
-
-
69
health
-
-
-
1 976
pensions

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

-
-
-
2 543
total
-
-
-
16 438
Employee
8 539
-
75 629
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

750
-
1 509
-
income
854
-
7 563
-
health
393
-
790
-
total
2 091
-
10 051
-
Employer
8 539
-
75 629
-
health
589
-
1 185
-
pensions

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

941
-
1 893
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 675
-
3 370
-
Corporate
68 786
79 000
-
-
income
6 879
7 900
-
-
total
6 879
7 900
-
-
Dividends
61 907
71 100
-
-
withholding
3 095
3 555
-
-
total
3 095
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 740
11 455
13 421
16 438
After tax
65 260
67 545
65 579
62 562
Living cost
6 449
6 449
6 449
6 449
Free-cash
58 811
61 096
59 130
56 113

Estimated living cost  is ₴6449 per week

₴3765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴461
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11739
₴21269
₴16881
₴12974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 034
health
-
-
-
6 063
pensions
-
-
-
5 760
total
-
-
-
34 857
Employee
45 582
41 984
69 863
-
pensions
5 760
5 760
5 760
-
income

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

6 872
6 872
9 509
-
health
5 687
5 481
6 063
-
total
18 319
18 113
21 332
-
Employer
45 582
41 984
69 863
-
health
3 167
2 918
3 627
-
pensions
3 172
2 922
3 632
-
unemployment
1 641
1 511
1 878
-
total
7 980
7 351
9 137
-
Corporate
25 438
29 664
-
-
income
5 088
5 933
-
-
total
5 088
5 933
-
-
Dividends
20 350
23 731
-
-
income
4 324
5 043
-
-
withholding
3 053
3 559
-
-
total
7 377
8 602
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 764
39 999
30 469
34 857
After tax
40 236
39 001
48 531
44 143
Living cost
27 262
27 262
27 262
27 262
Free-cash
12 974
11 739
21 269
16 881

Estimated living cost  is ₴27262 per week

₴20111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
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.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42173
₴27870
₴30921
₴37814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
7 613
social contributions
-
-
-
17 582
solidarity contribution
-
-
-
-
health
-
-
-
10 665
total
-
-
-
35 860
Employee
17 969
-
58 955
-
solidarity contribution
-
-
-
-
social contributions
1 168
-
3 832
-
income
2 156
-
7 075
-
health
2 426
-
7 959
-
total
5 750
-
18 866
-
Employer
17 969
-
58 955
-
health
1 617
-
5 306
-
social contributions
4 492
-
14 739
-
total
6 109
-
20 045
-
Corporate
54 922
79 000
-
-
income
10 435
15 010
-
-
total
10 435
15 010
-
-
Dividends
44 487
63 990
-
-
withholding
6 673
9 598
-
-
total
6 673
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 967
24 608
38 911
35 860
After tax
50 033
54 392
40 089
43 140
Living cost
12 219
12 219
12 219
12 219
Free-cash
37 814
42 173
27 870
30 921

Estimated living cost  is ₴12219 per week

₴8487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21404
₴13886
₴17455
₴18837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 319
regional
-
-
-
925
municipal
-
-
-
469
national
-
-
-
19 086
total
-
-
-
40 799
Employee
43 694
-
79 000
-
municipal
231
-
419
-
national
7 571
-
16 495
-
regional
412
-
815
-
social contributions
14 734
-
26 639
-
total
22 948
-
44 368
-
Employer
43 694
-
79 000
-
total
-
-
-
-
Corporate
35 306
79 000
-
-
municipal
1 377
3 081
-
-
nationa
8 473
18 960
-
-
total
9 850
22 041
-
-
Dividends
25 455
56 959
-
-
withholding
6 619
14 809
-
-
total
6 619
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 417
36 850
44 368
40 799
After tax
39 583
42 150
34 632
38 201
Living cost
20 746
20 746
20 746
20 746
Free-cash
18 837
21 404
13 886
17 455

Estimated living cost  is ₴20746 per week

₴14461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38842
₴23601
₴26636
₴37313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
20 594
other
-
-
-
-
surtax
-
-
-
3 028
unemployment
-
-
-
112
health
-
-
-
4 658
pensions
-
-
-
13 123
total
-
-
-
41 515
Employee
16 258
-
65 263
-
other
-
-
-
-
unemployment
1 132
-
4 543
-
pensions
1 084
-
4 353
-
surtax
53
-
2 541
-
income
2 725
-
17 712
-
health
415
-
1 664
-
total
5 409
-
30 813
-
Employer
16 258
-
65 263
-
health
740
-
2 970
-
pensions
2 167
-
8 699
-
unemployment
515
-
2 068
-
other
-
-
-
-
total
3 422
-
13 737
-
Corporate
59 319
79 000
-
-
income
15 423
20 540
-
-
total
15 423
20 540
-
-
Dividends
43 896
58 460
-
-
withholding
6 584
8 769
-
-
total
6 584
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 838
29 309
44 550
41 515
After tax
48 162
49 691
34 450
37 485
Living cost
10 849
10 849
10 849
10 849
Free-cash
37 313
38 842
23 601
26 636

Estimated living cost  is ₴10849 per week

₴6634
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.
₴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.
₴2964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30214
₴23483
₴30670
₴33148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 872
pensions
-
-
-
4 242
total
-
-
-
26 114
Employee
30 834
-
69 072
-
pensions
2 617
-
5 266
-
income
5 553
-
17 080
-
health
448
-
1 027
-
total
8 618
-
23 373
-
Employer
30 834
-
69 072
-
health
586
-
1 313
-
pensions
3 338
-
8 615
-
total
3 924
-
9 928
-
Corporate
44 242
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.

8 406
15 010
-
-
total
8 406
15 010
-
-
Dividends
35 836
63 990
-
-
withholding
2 688
11 560
-
-
total
2 688
11 560
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 636
26 570
33 301
26 114
After tax
55 364
52 430
45 699
52 886
Living cost
22 216
22 216
22 216
22 216
Free-cash
33 148
30 214
23 483
30 670

Estimated living cost  is ₴22216 per week

₴16644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2939
₴21600
₴25441
₴13773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other

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

-
-
-
1 580
regional
-
-
-
3 617
health
-
-
-
178
city
-
-
-
833
national
-
-
-
1 018
pensions
-
-
-
7 268
total
-
-
-
14 494
Employee
45 716
-
70 709
-
unemployment
-
-
-
-
pensions
3 841
-
5 940
-
national
216
-
835
-
regional
1 497
-
3 126
-
city
491
-
760
-
health
103
-
160
-
total
6 148
-
10 821
-
Employer
45 716
-
70 709
-
health
103
-
160
-
pensions
3 841
-
5 940
-
unemployment
-
-
-
-
other

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

914
-
1 414
-
total
4 858
-
7 514
-
Corporate
27 923
79 000
-
-
regional
5 906
16 708
-
-
national
2 374
6 715
-
-
total
8 280
23 423
-
-
Dividends
19 644
55 576
-
-
withholding
6 876
19 451
-
-
total
6 876
19 451
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 162
42 874
18 335
14 494
After tax
52 838
36 126
60 665
64 506
Living cost
39 065
39 065
39 065
39 065
Free-cash
13 773
-2 939
21 600
25 441

Estimated living cost  is ₴39065 per week

₴25403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16521
₴28245
₴18617
₴24495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income

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

-
-
-
23 577
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.

-
-
-
1 297
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.

-
-
-
3 359
trade
-
-
-
9 628
total
-
-
-
37 861
Employee

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

29 547
-
79 000
-
surtax

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

191
-
1 297
-
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.

3 474
-
23 577
-
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.

3 359
-
3 359
-
total
7 024
-
28 233
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 453
79 000
-
-
income
7 418
11 850
-
-
surtax

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

408
652
-
-
chamber of commerce
145
186
-
-
trade
8 481
13 549
-
-
total
16 452
26 237
-
-
Dividends
33 002
52 763
-
-
surtax

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

443
716
-
-
withholding
8 064
13 004
-
-
total
8 507
13 720
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 983
39 957
28 233
37 861
After tax
47 017
39 043
50 767
41 139
Living cost
22 522
22 522
22 522
22 522
Free-cash
24 495
16 521
28 245
18 617

Estimated living cost  is ₴22522 per week

₴16450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22995
₴27438
₴27821
₴25899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 744
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 251
health
-
-
-
3 103
pensions
-
-
-
14 811
total
-
-
-
34 358
Employee
21 042
-
61 640
-
pensions
2 379
-
4 079
-
surtax
-
-
-
-
social contributions
600
-
1 757
-
income
1 242
-
11 544
-
total
4 221
-
17 380
-
Employer
21 042
-
61 640
-
health
1 473
-
5 459
-
pensions
3 457
-
6 904
-
unemployment
852
-
2 497
-
social contributions
63
-
185
-
other
726
-
2 316
-
total
6 571
-
17 361
-
Corporate
51 387
79 000
-
-
income
14 389
22 120
-
-
surtax
-
-
-
-
total
14 389
22 120
-
-
Dividends
36 999
56 880
-
-
surtax
-
-
-
-
social contributions
6 363
9 783
-
-
withholding
4 736
7 281
-
-
total
11 099
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 280
39 184
34 741
34 358
After tax
42 720
39 816
44 259
44 642
Living cost
16 821
16 821
16 821
16 821
Free-cash
25 899
22 995
27 438
27 821

Estimated living cost  is ₴16821 per week

₴10606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24662
₴29105
₴29488
₴27393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 744
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 251
health
-
-
-
3 103
pensions
-
-
-
14 811
total
-
-
-
34 358
Employee
18 783
-
61 640
-
pensions
2 124
-
4 079
-
surtax
-
-
-
-
social contributions
536
-
1 757
-
income
968
-
11 544
-
total
3 628
-
17 380
-
Employer
18 783
-
61 640
-
health
1 315
-
5 459
-
pensions
3 086
-
6 904
-
unemployment
760
-
2 497
-
social contributions
56
-
185
-
other
648
-
2 316
-
total
5 865
-
17 361
-
Corporate
54 352
79 000
-
-
income
15 219
22 120
-
-
surtax
-
-
-
-
total
15 219
22 120
-
-
Dividends
39 133
56 880
-
-
surtax
-
-
-
-
social contributions
6 732
9 783
-
-
withholding
5 009
7 281
-
-
total
11 741
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 453
39 184
34 741
34 358
After tax
42 547
39 816
44 259
44 642
Living cost
15 154
15 154
15 154
15 154
Free-cash
27 393
24 662
29 105
29 488

Estimated living cost  is ₴15154 per week

₴8789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
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.
₴4539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37772
₴38903
₴40309
₴38029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 850
social contributions
-
-
-
10 902
health
-
-
-
5 514
total
-
-
-
28 266
Employee
16 670
-
79 000
-
social contributions
2 301
-
10 902
-
income
2 780
-
13 256
-
health
1 163
-
5 514
-
total
6 244
-
29 672
-
Employer
16 670
-
79 000
-
total
-
-
-
-
Corporate
62 330
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%.

3 116
3 950
-
-
total
3 116
3 950
-
-
Dividends
59 214
75 050
-
-
social contributions
8 171
10 357
-
-
withholding
8 882
11 257
-
-
health
4 133
5 239
-
-
total
21 186
26 853
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 546
30 803
29 672
28 266
After tax
48 454
48 197
49 328
50 734
Living cost
10 425
10 425
10 425
10 425
Free-cash
38 029
37 772
38 903
40 309

Estimated living cost  is ₴10425 per week

₴6977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26458
₴3461
₴23202
₴25700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
20 027
surtax
-
-
-
97
unemployment
-
-
-
3 015
chamber of commerce
-
-
-
316
health
-
-
-
4 393
pensions
-
-
-
10 626
total
-
-
-
38 474
Employee
24 570
19 593
62 037
-
other
245
196
575
-
unemployment
737
588
1 723
-
pensions
2 516
2 006
5 882
-
income
2 797
1 445
15 809
-
health
951
759
2 222
-
total
7 246
4 994
26 211
-
Employer
24 570
19 593
62 037
-
chamber of commerce
98
78
248
-
health
928
741
2 171
-
pensions
3 084
2 459
7 208
-
accident
319
255
746
-
unemployment
737
588
1 723
-
surtax
97
97
97
-
payroll
737
588
1 861
-
other
1 167
930
2 907
-
total
7 167
5 736
16 961
-
Corporate
47 263
53 671
60 171
-
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.

11 815
13 418
15 043
-
total
11 815
13 418
15 043
-
Dividends
35 447
40 253
-
-
withholding
9 748
11 070
-
-
total
9 748
11 070
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 976
35 218
58 215
38 474
After tax
43 024
43 782
20 785
40 526
Living cost
17 324
17 324
17 324
17 324
Free-cash
25 700
26 458
3 461
23 202

Estimated living cost  is ₴17324 per week

₴11554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
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.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26272
₴10313
₴16276
₴18898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
communal

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

-
-
-
4 004
social contributions
-
-
-
12 257
national
-
-
-
28 537
total
-
-
-
44 798
Employee

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

35 168
-
61 186
-
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.

306
-
533
-
communal

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

1 834
-
3 192
-
pensions

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

2 638
-
4 589
-
national
10 812
-
21 761
-
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.

1 652
-
2 875
-
total
17 242
-
32 950
-
Employer

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

35 168
-
61 186
-
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.

2 163
-
3 763
-
pensions

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

3 116
-
5 421
-
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.

457
-
796
-
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.

513
-
893
-
surtax
3 988
-
6 938
-
total
10 237
-
17 811
-
Corporate
33 596
79 000
-
-
income
6 719
15 800
-
-
surtax
134
316
-
-
total
6 853
16 116
-
-
Dividends
26 742
62 884
-
-
withholding

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

7 844
18 686
-
-
total
7 844
18 686
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 176
34 802
50 761
44 798
After tax
36 824
44 198
28 239
34 202
Living cost
17 926
17 926
17 926
17 926
Free-cash
18 898
26 272
10 313
16 276

Estimated living cost  is ₴17926 per week

₴11547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34995
₴24601
₴26663
₴31489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
411
income
-
-
-
20 910
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 896
total
-
-
-
34 582
Employee
24 473
-
64 472
-
other
24
-
46
-
unemployment
380
-
706
-
pensions
1 150
-
2 142
-
income
5 164
-
19 222
-
total
6 718
-
22 116
-
Employer
24 473
-
64 472
-
pensions
5 775
-
10 755
-
accident
484
-
902
-
unemployment
1 346
-
2 506
-
other
195
-
365
-
total
7 800
-
14 528
-
Corporate
46 726
79 000
-
-
income

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

7 009
11 850
-
-
total
7 009
11 850
-
-
Dividends
39 718
67 150
-
-
withholding
8 229
14 400
-
-
total
8 229
14 400
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 756
26 250
36 644
34 582
After tax
49 244
52 750
42 356
44 418
Living cost
17 755
17 755
17 755
17 755
Free-cash
31 489
34 995
24 601
26 663

Estimated living cost  is ₴17755 per week

₴13075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1260
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.
₴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 Barcelona model

Close
Luxembourg , Luxembourg
₴19950
₴16341
₴13192
₴14030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
communal
-
-
-
4 992
accident
-
-
-
666
income
-
-
-
12 123
surtax
-
-
-
3 917
health
-
-
-
5 551
pensions
-
-
-
11 841
total
-
-
-
39 090
Employee
37 232
-
70 567
-
pensions
2 978
-
5 646
-
surtax
2 282
-
4 324
-
income
3 596
-
14 398
-
health
1 657
-
3 140
-
total
10 513
-
27 508
-
Employer
37 232
-
70 567
-
health
1 135
-
2 152
-
pensions
2 978
-
5 646
-
accident
335
-
635
-
total
4 448
-
8 433
-
Corporate
37 320
79 000
-
-
communal
2 519
5 333
-
-
income
5 598
11 850
-
-
surtax
392
829
-
-
total
8 509
18 012
-
-
Dividends
28 811
60 988
-
-
income
10 460
5 172
-
-
withholding
4 322
9 148
-
-
total
14 782
14 320
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 252
32 332
35 941
39 090
After tax
40 748
46 668
43 059
39 910
Living cost
26 718
26 718
26 718
26 718
Free-cash
14 030
19 950
16 341
13 192

Estimated living cost  is ₴26718 per week

₴20042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38648
₴23407
₴26442
₴37084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
20 594
other
-
-
-
-
surtax
-
-
-
3 028
unemployment
-
-
-
112
health
-
-
-
4 658
pensions
-
-
-
13 123
total
-
-
-
41 515
Employee
16 557
-
65 263
-
other
-
-
-
-
unemployment
1 152
-
4 543
-
pensions
1 105
-
4 353
-
surtax
59
-
2 541
-
income
2 776
-
17 712
-
health
423
-
1 664
-
total
5 515
-
30 813
-
Employer
16 557
-
65 263
-
health
753
-
2 970
-
pensions
2 207
-
8 699
-
unemployment
525
-
2 068
-
other
-
-
-
-
total
3 485
-
13 737
-
Corporate
58 958
79 000
-
-
income
15 329
20 540
-
-
total
15 329
20 540
-
-
Dividends
43 629
58 460
-
-
withholding
6 544
8 769
-
-
total
6 544
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 873
29 309
44 550
41 515
After tax
48 127
49 691
34 450
37 485
Living cost
11 043
11 043
11 043
11 043
Free-cash
37 084
38 648
23 407
26 442

Estimated living cost  is ₴11043 per week

₴6667
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.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28281
₴21140
₴24691
₴27189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 319
regional
-
-
-
1 191
municipal
-
-
-
469
national
-
-
-
19 086
total
-
-
-
41 065
Employee
27 272
-
79 000
-
municipal
145
-
419
-
national
4 321
-
16 495
-
regional
367
-
1 063
-
social contributions
9 196
-
26 639
-
total
14 029
-
44 616
-
Employer
27 272
-
79 000
-
total
-
-
-
-
Corporate
51 728
79 000
-
-
municipal
2 571
3 926
-
-
nationa
12 414
18 960
-
-
total
14 985
22 886
-
-
Dividends
36 742
56 114
-
-
withholding
9 553
14 589
-
-
total
9 553
14 589
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 567
37 475
44 616
41 065
After tax
40 433
41 525
34 384
37 935
Living cost
13 244
13 244
13 244
13 244
Free-cash
27 189
28 281
21 140
24 691

Estimated living cost  is ₴13244 per week

₴8236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39335
₴25032
₴28083
₴33963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
7 613
social contributions
-
-
-
17 582
solidarity contribution
-
-
-
-
health
-
-
-
10 665
total
-
-
-
35 860
Employee
22 142
-
58 955
-
solidarity contribution
-
-
-
-
social contributions
1 439
-
3 832
-
income
2 657
-
7 075
-
health
2 989
-
7 959
-
total
7 085
-
18 866
-
Employer
22 142
-
58 955
-
health
1 993
-
5 306
-
social contributions
5 536
-
14 739
-
total
7 529
-
20 045
-
Corporate
49 329
79 000
-
-
income
9 373
15 010
-
-
total
9 373
15 010
-
-
Dividends
39 957
63 990
-
-
withholding
5 993
9 598
-
-
total
5 993
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 980
24 608
38 911
35 860
After tax
49 020
54 392
40 089
43 140
Living cost
15 057
15 057
15 057
15 057
Free-cash
33 963
39 335
25 032
28 083

Estimated living cost  is ₴15057 per week

₴11197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28151
₴5129
₴24938
₴27906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
20 027
surtax
-
-
-
-
unemployment
-
-
-
3 015
chamber of commerce
-
-
-
316
health
-
-
-
4 393
pensions
-
-
-
10 626
total
-
-
-
38 377
Employee
21 491
19 593
62 128
-
other
215
196
575
-
unemployment
645
588
1 723
-
pensions
2 201
2 006
5 882
-
income
1 914
1 445
15 847
-
health
831
759
2 222
-
total
5 806
4 994
26 249
-
Employer
21 491
19 593
62 128
-
chamber of commerce
86
78
248
-
health
813
741
2 171
-
pensions
2 697
2 459
7 208
-
accident
279
255
746
-
unemployment
645
588
1 723
-
surtax
-
-
-
-
payroll
645
588
1 864
-
other
1 021
930
2 911
-
total
6 186
5 639
16 871
-
Corporate
51 324
53 768
60 262
-
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.

12 831
13 442
15 066
-
total
12 831
13 442
15 066
-
Dividends
38 493
40 326
-
-
withholding
10 586
11 089
-
-
total
10 586
11 089
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 409
35 164
58 186
38 377
After tax
43 591
43 836
20 814
40 623
Living cost
15 685
15 685
15 685
15 685
Free-cash
27 906
28 151
5 129
24 938

Estimated living cost  is ₴15685 per week

₴9409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68784
₴56934
₴71944
₴67609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
microenterprise

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

-
-
-
790
total
-
-
-
790
Employee
7 832
-
79 000
-
income
1 567
-
15 800
-
total
1 567
-
15 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

71 168
79 000
-
-
total
-
-
-
-
Dividends
71 168
79 000
-
-
withholding
3 558
3 950
-
-
total
3 558
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 125
3 950
15 800
790
After tax
73 875
75 050
63 200
78 210
Living cost
6 266
6 266
6 266
6 266
Free-cash
67 609
68 784
56 934
71 944

Estimated living cost  is ₴6266 per week

₴4240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41204
₴23691
₴25782
₴37092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
79 000
income
-
-
-
17 711
unemployment
-
-
-
118
health
-
-
-
7 774
pensions
-
-
-
14 428
total
-
-
-
40 031
Employee

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

21 741
-
68 357
-
unemployment
31
-
96
-
pensions
3 370
-
10 595
-
income
3 749
-
16 373
-
health
1 404
-
4 416
-
total
8 554
-
31 480
-
Employer

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

21 741
-
68 357
-
health
1 448
-
4 552
-
pensions
1 924
-
6 049
-
unemployment
13
-
41
-
total
3 385
-
10 642
-
Corporate
53 874
79 000
-
-
income
10 236
15 010
-
-
total
10 236
15 010
-
-
Dividends
43 639
63 990
-
-
withholding
6 546
9 599
-
-
total
6 546
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 721
24 609
42 122
40 031
After tax
50 279
54 391
36 878
38 969
Living cost
13 187
13 187
13 187
13 187
Free-cash
37 092
41 204
23 691
25 782

Estimated living cost  is ₴13187 per week

₴9050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
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.
₴3037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26900
₴51383
₴33431
₴3569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
15 399
social contributions
-
-
-
9 006
total
-
-
-
24 405
Employee
30 347
-
-
-
social contributions
2 488
-
355
-
income
6 694
-
-
-
total
9 182
-
355
-
Employer
30 347
-
-
-
social contributions
42 789
-
6 098
-
total
42 789
-
6 098
-
Corporate
5 864
79 000
-
-
income
1 290
17 380
-
-
total
1 290
17 380
-
-
Dividends
4 574
61 620
-
-
income
1 006
13 556
-
-
total
1 006
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
54 267
30 936
6 453
24 405
After tax
24 733
48 064
72 547
54 595
Living cost
21 164
21 164
21 164
21 164
Free-cash
3 569
26 900
51 383
33 431

Estimated living cost  is ₴21164 per week

₴13732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29514
₴21385
₴27169
₴29021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income
-
-
-
8 958
surtax
-
-
-
-
social contributions

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

-
-
-
27 452
total
-
-
-
36 410
Employee
22 612
-
63 838
-
surtax
-
-
-
-
social contributions
2 487
-
7 023
-
income
4 703
-
20 009
-
total
7 190
-
27 032
-
Employer
22 612
-
63 838
-
social contributions
5 370
-
15 162
-
total
5 370
-
15 162
-
Corporate
51 018
79 000
-
-
income
10 713
16 590
-
-
surtax
-
-
-
-
total
10 713
16 590
-
-
Dividends
40 304
62 410
-
-
withholding
11 285
17 475
-
-
total
11 285
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 558
34 065
42 194
36 410
After tax
44 442
44 935
36 806
42 590
Living cost
15 421
15 421
15 421
15 421
Free-cash
29 021
29 514
21 385
27 169

Estimated living cost  is ₴15421 per week

₴11538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16070
₴20513
₴20896
₴19448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 744
other
-
-
-
2 449
surtax
-
-
-
-
social contributions
-
-
-
2 251
health
-
-
-
3 103
pensions
-
-
-
14 811
total
-
-
-
34 358
Employee
30 793
-
61 640
-
pensions
3 483
-
4 079
-
surtax
-
-
-
-
social contributions
877
-
1 757
-
income
2 687
-
11 544
-
total
7 047
-
17 380
-
Employer
30 793
-
61 640
-
health
2 155
-
5 459
-
pensions
5 060
-
6 904
-
unemployment
1 247
-
2 497
-
social contributions
92
-
185
-
other
1 063
-
2 316
-
total
9 617
-
17 361
-
Corporate
38 590
79 000
-
-
income
10 805
22 120
-
-
surtax
-
-
-
-
total
10 805
22 120
-
-
Dividends
27 785
56 880
-
-
surtax
-
-
-
-
social contributions
4 780
9 783
-
-
withholding
3 557
7 281
-
-
total
8 337
17 064
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 806
39 184
34 741
34 358
After tax
43 194
39 816
44 259
44 642
Living cost
23 746
23 746
23 746
23 746
Free-cash
19 448
16 070
20 513
20 896

Estimated living cost  is ₴23746 per week

₴16071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
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.
₴5407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56321
₴45763
₴43664
₴54669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 177
social contributions
-
-
-
17 380
total
-
-
-
20 557
Employee
15 806
-
68 398
-
income
-
-
3 410
-
social contributions
1 027
-
4 446
-
total
1 027
-
7 856
-
Employer
15 806
-
68 398
-
social contributions
2 450
-
10 602
-
total
2 450
-
10 602
-
Corporate
60 744
79 000
-
-
income
6 075
7 900
-
-
total
6 075
7 900
-
-
Dividends
54 669
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 552
7 900
18 458
20 557
After tax
69 448
71 100
60 542
58 443
Living cost
14 779
14 779
14 779
14 779
Free-cash
54 669
56 321
45 763
43 664

Estimated living cost  is ₴14779 per week

₴9556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28012
-₴28012
₴23372
-₴28012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
labour market
-
-
-
6 286
municipal
-
-
-
16 233
national
-
-
-
9 029
pensions
-
-
-
426
total
-
-
-
31 974
Employee
99 839
99 839
99 839
-
municipal
21 260
21 260
21 260
-
labour market
7 976
7 976
7 976
-
pensions
142
142
142
-
national
12 197
12 197
12 197
-
total
41 575
41 575
41 575
-
Employer
99 839
99 839
99 839
-
national
12 218
12 218
12 218
-
labour market
7 987
7 987
7 987
-
pensions
284
284
284
-
municipal
21 294
21 294
21 294
-
total
41 783
41 783
41 783
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
83 358
83 358
83 358
31 974
After tax
-4 358
-4 358
-4 358
47 026
Living cost
23 654
23 654
23 654
23 654
Free-cash
-28 012
-28 012
-28 012
23 372

Estimated living cost  is ₴23654 per week

₴16189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2092
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4368
₴31845
₴43269
₴4747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
accident
-
-
-
125
income
-
-
-
21 505
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
24 964
Employee
16 937
-
70 618
-
pensions
1 907
-
3 790
-
income
2 324
-
16 130
-
health
1 939
-
8 086
-
total
6 170
-
28 006
-
Employer
16 937
-
70 618
-
pensions
2 754
-
5 473
-
accident
283
-
1 179
-
unemployment
415
-
1 730
-
total
3 452
-
8 382
-
Corporate
58 611
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.

52 750
71 100
-
-
total
52 750
71 100
-
-
Dividends
5 861
7 900
-
-
withholding
1 114
1 501
-
-
total
1 114
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 486
72 601
36 388
24 964
After tax
15 514
6 399
42 612
54 036
Living cost
10 767
10 767
10 767
10 767
Free-cash
4 747
-4 368
31 845
43 269

Estimated living cost  is ₴10767 per week

₴7837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31099
₴23052
₴33183
₴32151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 011
municipal
-
-
-
14 038
national
-
-
-
11 892
total
-
-
-
26 941
Employee
25 866
-
66 460
-
municipal
4 237
-
10 828
-
unemployment
388
-
996
-
pensions
1 746
-
4 486
-
national
427
-
7 404
-
health
193
-
818
-
total
6 991
-
24 532
-
Employer
25 866
-
66 460
-
health
199
-
511
-
pensions
4 488
-
11 531
-
accident
26
-
66
-
unemployment
168
-
432
-
total
4 881
-
12 540
-
Corporate
48 253
79 000
-
-
income
9 651
15 800
-
-
total
9 651
15 800
-
-
Dividends

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

28 952
47 400
-
-
municipal
5 212
8 532
-
-
national
1 238
4 693
-
-
total
6 450
13 225
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 973
29 025
37 072
26 941
After tax
51 027
49 975
41 928
52 059
Living cost
18 876
18 876
18 876
18 876
Free-cash
32 151
31 099
23 052
33 183

Estimated living cost  is ₴18876 per week

₴12329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
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.
₴4431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46271
₴42279
₴42994
₴43598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
14 654
social contributions
-
-
-
7 955
health
-
-
-
2 014
total
-
-
-
24 623
Employee
37 805
37 805
73 410
-
social contributions
1 429
3 138
4 232
-
income
4 116
3 500
14 268
-
health
293
643
1 248
-
total
5 838
7 281
19 748
-
Employer
37 805
37 805
73 410
-
health
318
700
1 358
-
social contributions
1 429
3 138
4 232
-
total
1 747
3 838
5 590
-
Corporate
60 031
37 358
-
-
income
7 504
4 670
-
-
total
7 504
4 670
-
-
Dividends
52 527
32 688
-
-
withholding
8 930
5 557
-
-
total
8 930
5 557
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 019
21 346
25 338
24 623
After tax
54 981
57 654
53 662
54 377
Living cost
11 383
11 383
11 383
11 383
Free-cash
43 598
46 271
42 279
42 994

Estimated living cost  is ₴11383 per week

₴6822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57614
₴48438
₴58299
₴55113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
79 000
income
-
-
-
7 975
unemployment
-
-
-
14
health
-
-
-
1 779
pensions
-
-
-
3 127
total
-
-
-
12 895
Employee

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

11 285
-
74 195
-
unemployment
56
-
233
-
pensions
1 692
-
6 997
-
income
772
-
6 756
-
health
959
-
3 965
-
total
3 479
-
17 951
-
Employer

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

11 285
-
74 195
-
health
485
-
2 006
-
pensions
620
-
2 566
-
unemployment
56
-
233
-
total
1 161
-
4 805
-
Corporate
66 554
79 000
-
-
income
5 990
7 110
-
-
total
5 990
7 110
-
-
Dividends
60 564
71 890
-
-
withholding
5 451
6 470
-
-
total
5 451
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 081
13 580
22 756
12 895
After tax
62 919
65 420
56 244
66 105
Living cost
7 806
7 806
7 806
7 806
Free-cash
55 113
57 614
48 438
58 299

Estimated living cost  is ₴7806 per week

₴4980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39230
₴28836
₴30898
₴37058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
411
income
-
-
-
20 910
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 896
total
-
-
-
34 582
Employee
18 179
-
64 472
-
other
18
-
46
-
unemployment
282
-
706
-
pensions
855
-
2 142
-
income
3 505
-
19 222
-
total
4 660
-
22 116
-
Employer
18 179
-
64 472
-
pensions
4 290
-
10 755
-
accident
360
-
902
-
unemployment
1 000
-
2 506
-
other
146
-
365
-
total
5 796
-
14 528
-
Corporate
55 025
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.

8 254
11 850
-
-
total
8 254
11 850
-
-
Dividends
46 771
67 150
-
-
withholding
9 712
14 400
-
-
total
9 712
14 400
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 422
26 250
36 644
34 582
After tax
50 578
52 750
42 356
44 418
Living cost
13 520
13 520
13 520
13 520
Free-cash
37 058
39 230
28 836
30 898

Estimated living cost  is ₴13520 per week

₴9126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
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.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48334
₴49755
₴49823
₴48176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
27 004
health
-
-
-
509
pensions
-
-
-
702
total
-
-
-
28 215
Employee
1 466
-
78 210
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
284
-
26 967
-
health
73
-
176
-
total
504
-
27 494
-
Employer
1 466
-
78 210
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
77 204
79 000
-
-
income
16 985
17 380
-
-
total
16 985
17 380
-
-
Dividends
60 219
61 620
-
-
withholding
12 044
12 324
-
-
total
12 044
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 862
29 704
28 283
28 215
After tax
49 138
49 296
50 717
50 785
Living cost
962
962
962
962
Free-cash
48 176
48 334
49 755
49 823

Estimated living cost  is ₴962 per week

₴572
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
₴48572
₴39058
₴39059
₴46151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 000
income
-
-
-
17 695
unemployment
-
-
-
545
health
-
-
-
3 744
pensions
-
-
-
9 451
total
-
-
-
31 435
Employee

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

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

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

12 827
-
72 493
-
unemployment
96
-
273
-
pensions
1 796
-
5 089
-
income
1 768
-
17 695
-
health
661
-
1 872
-
total
4 321
-
24 929
-
Employer

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

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

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

12 827
-
72 493
-
health
661
-
1 872
-
pensions
1 539
-
4 362
-
unemployment
96
-
273
-
total
2 296
-
6 507
-
Corporate
63 877
79 000
-
-
income
9 582
11 850
-
-
total
9 582
11 850
-
-
Dividends
54 296
67 150
-
-
withholding
8 144
10 072
-
-
total
8 144
10 072
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 343
21 922
31 436
31 435
After tax
54 657
57 078
47 564
47 565
Living cost
8 506
8 506
8 506
8 506
Free-cash
46 151
48 572
39 058
39 059

Estimated living cost  is ₴8506 per week

₴5727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
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.
₴1875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31681
₴23552
₴29336
₴31504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income
-
-
-
8 958
surtax
-
-
-
-
social contributions

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

-
-
-
27 452
total
-
-
-
36 410
Employee
19 082
-
63 838
-
surtax
-
-
-
-
social contributions
2 099
-
7 023
-
income
3 728
-
20 009
-
total
5 827
-
27 032
-
Employer
19 082
-
63 838
-
social contributions
4 532
-
15 162
-
total
4 532
-
15 162
-
Corporate
55 387
79 000
-
-
income
11 632
16 590
-
-
surtax
-
-
-
-
total
11 632
16 590
-
-
Dividends
43 755
62 410
-
-
withholding
12 251
17 475
-
-
total
12 251
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 242
34 065
42 194
36 410
After tax
44 758
44 935
36 806
42 590
Living cost
13 254
13 254
13 254
13 254
Free-cash
31 504
31 681
23 552
29 336

Estimated living cost  is ₴13254 per week

₴9388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35471
₴25077
₴27139
₴32132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
411
income
-
-
-
20 910
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 896
total
-
-
-
34 582
Employee
23 744
-
64 472
-
other
23
-
46
-
unemployment
368
-
706
-
pensions
1 116
-
2 142
-
income
4 959
-
19 222
-
total
6 466
-
22 116
-
Employer
23 744
-
64 472
-
pensions
5 604
-
10 755
-
accident
470
-
902
-
unemployment
1 306
-
2 506
-
other
190
-
365
-
total
7 570
-
14 528
-
Corporate
47 686
79 000
-
-
income

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

7 153
11 850
-
-
total
7 153
11 850
-
-
Dividends
40 532
67 150
-
-
withholding
8 400
14 400
-
-
total
8 400
14 400
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 589
26 250
36 644
34 582
After tax
49 411
52 750
42 356
44 418
Living cost
17 279
17 279
17 279
17 279
Free-cash
32 132
35 471
25 077
27 139

Estimated living cost  is ₴17279 per week

₴12409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59084
₴57118
₴54101
₴56086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
11 850
unemployment
-
-
-
69
health
-
-
-
1 976
pensions

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

-
-
-
2 543
total
-
-
-
16 438
Employee
11 203
-
75 629
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

984
-
1 509
-
income
1 121
-
7 563
-
health
515
-
790
-
total
2 743
-
10 051
-
Employer
11 203
-
75 629
-
health
773
-
1 185
-
pensions

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

1 235
-
1 893
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 198
-
3 370
-
Corporate
65 598
79 000
-
-
income
6 560
7 900
-
-
total
6 560
7 900
-
-
Dividends
59 039
71 100
-
-
withholding
2 952
3 555
-
-
total
2 952
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 453
11 455
13 421
16 438
After tax
64 547
67 545
65 579
62 562
Living cost
8 461
8 461
8 461
8 461
Free-cash
56 086
59 084
57 118
54 101

Estimated living cost  is ₴8461 per week

₴5596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21689
₴31786
₴23730
₴28121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income

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

-
-
-
23 577
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.

-
-
-
1 297
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.

-
-
-
3 359
trade
-
-
-
8 056
total
-
-
-
36 289
Employee

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

24 462
-
79 000
-
surtax

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

111
-
1 297
-
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.

2 012
-
23 577
-
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.

3 359
-
3 359
-
total
5 482
-
28 233
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 538
79 000
-
-
income
8 180
11 850
-
-
surtax

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

450
652
-
-
chamber of commerce
155
190
-
-
trade
7 826
11 337
-
-
total
16 611
24 029
-
-
Dividends
37 927
54 971
-
-
surtax

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

511
745
-
-
withholding
9 294
13 556
-
-
total
9 805
14 301
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 898
38 330
28 233
36 289
After tax
47 102
40 670
50 767
42 711
Living cost
18 981
18 981
18 981
18 981
Free-cash
28 121
21 689
31 786
23 730

Estimated living cost  is ₴18981 per week

₴13094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27294
₴14516
₴14516
₴28380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 474
social contributions
-
-
-
13 004
total
-
-
-
36 478
Employee
38 458
-
79 000
-
income
7 257
-
23 474
-
social contributions
3 195
-
13 004
-
total
10 452
-
36 478
-
Employer
38 458
-
79 000
-
total
-
-
-
-
Corporate
40 542
79 000
-
-
income
5 068
9 875
-
-
total
5 068
9 875
-
-
Dividends
35 474
69 125
-
-
withholding
7 094
13 825
-
-
total
7 094
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 614
23 700
36 478
36 478
After tax
56 386
55 300
42 522
42 522
Living cost
28 006
28 006
28 006
28 006
Free-cash
28 380
27 294
14 516
14 516

Estimated living cost  is ₴28006 per week

₴21307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2282
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.
₴4150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30906
₴38787
₴44134
₴32624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
79 000
income
-
-
-
13 995
health

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

-
-
-
3 024
total
-
-
-
17 019
Employee
22 554
-
76 738
-
income
2 447
-
17 842
-
social contributions
2 260
-
2 262
-
total
4 707
-
20 104
-
Employer
22 554
-
76 738
-
social contributions
2 260
-
2 262
-
total
2 260
-
2 262
-
Corporate
54 187
79 000
-
-
income
18 965
27 650
-
-
total
18 965
27 650
-
-
Dividends
35 222
51 350
-
-
social contributions
2 597
2 597
-
-
total
2 597
2 597
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 529
30 247
22 366
17 019
After tax
50 471
48 753
56 634
61 981
Living cost
17 847
17 847
17 847
17 847
Free-cash
32 624
30 906
38 787
44 134

Estimated living cost  is ₴17847 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34369
₴27638
₴34825
₴37248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
21 872
pensions
-
-
-
4 242
total
-
-
-
26 114
Employee
24 791
-
69 072
-
pensions
1 892
-
5 266
-
income
4 515
-
17 080
-
health
323
-
1 027
-
total
6 730
-
23 373
-
Employer
24 791
-
69 072
-
health
471
-
1 313
-
pensions
2 505
-
8 615
-
total
2 976
-
9 928
-
Corporate
51 233
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.

9 734
15 010
-
-
total
9 734
15 010
-
-
Dividends
41 499
63 990
-
-
withholding
4 251
11 560
-
-
total
4 251
11 560
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 691
26 570
33 301
26 114
After tax
55 309
52 430
45 699
52 886
Living cost
18 061
18 061
18 061
18 061
Free-cash
37 248
34 369
27 638
34 825

Estimated living cost  is ₴18061 per week

₴12390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5434
₴30779
₴42203
₴4584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
accident
-
-
-
125
income
-
-
-
21 505
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
24 964
Employee
18 613
-
70 618
-
pensions
2 096
-
3 790
-
income
2 554
-
16 130
-
health
2 131
-
8 086
-
total
6 781
-
28 006
-
Employer
18 613
-
70 618
-
pensions
3 026
-
5 473
-
accident
311
-
1 179
-
unemployment
456
-
1 730
-
total
3 793
-
8 382
-
Corporate
56 593
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.

50 934
71 100
-
-
total
50 934
71 100
-
-
Dividends
5 659
7 900
-
-
withholding
1 075
1 501
-
-
total
1 075
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 583
72 601
36 388
24 964
After tax
16 417
6 399
42 612
54 036
Living cost
11 833
11 833
11 833
11 833
Free-cash
4 584
-5 434
30 779
42 203

Estimated living cost  is ₴11833 per week

₴8684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59845
₴48657
₴37858
₴57549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
income
-
-
-
12 912
unemployment
-
-
-
942
work injury
-
-
-
393
health insurance
-
-
-
5 812
pensions
-
-
-
14 450
total
-
-
-
34 509
Employee

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

10 613
-
79 000
-
health insurance
785
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 225
-
income
1 061
-
12 912
-
total
3 979
-
23 710
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 387
79 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

684
790
-
-
total
684
790
-
-
Dividends
67 703
78 210
-
-
withholding
10 155
11 732
-
-
total
10 155
11 732
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 818
12 522
23 710
34 509
After tax
64 182
66 478
55 290
44 491
Living cost
6 633
6 633
6 633
6 633
Free-cash
57 549
59 845
48 657
37 858

Estimated living cost  is ₴6633 per week

₴4109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22025
₴14212
₴17680
₴19789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 319
regional
-
-
-
1 801
municipal
-
-
-
528
national
-
-
-
19 086
total
-
-
-
41 734
Employee
41 429
-
79 000
-
municipal
247
-
471
-
national
7 001
-
16 495
-
regional
625
-
1 597
-
social contributions
13 970
-
26 639
-
total
21 843
-
45 202
-
Employer
41 429
-
79 000
-
total
-
-
-
-
Corporate
37 571
79 000
-
-
municipal
1 811
3 808
-
-
nationa
9 017
18 960
-
-
total
10 828
22 768
-
-
Dividends
26 743
56 232
-
-
withholding
6 954
14 621
-
-
total
6 954
14 621
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 625
37 389
45 202
41 734
After tax
39 375
41 611
33 798
37 266
Living cost
19 586
19 586
19 586
19 586
Free-cash
19 789
22 025
14 212
17 680

Estimated living cost  is ₴19586 per week

₴13758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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