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
₴35820
₴24862
₴27003
₴30339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 293
trade
-
-
-
8 817
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.

-
-
-
23 510
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.

-
-
-
3 382
total
-
-
-
37 002
Employee

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

18 935
-
79 000
-
health

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

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

3 382
-
3 382
-
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
-
1 293
-
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.

529
-
23 510
-
total
3 940
-
28 185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 065
79 000
-
-
chamber of commerce
162
189
-
-
trade
9 461
12 443
-
-
surtax

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

495
652
-
-
income
9 010
11 850
-
-
total
19 128
25 134
-
-
Dividends
40 938
53 867
-
-
withholding
10 046
13 279
-
-
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.

552
730
-
-
total
10 598
14 009
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 666
39 143
28 185
37 002
After tax
45 334
39 857
50 815
41 998
Living cost
14 995
14 995
14 995
14 995
Free-cash
30 339
24 862
35 820
27 003

Estimated living cost  is ₴14995 per week

₴9432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
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.
₴3534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21056
₴22897
₴20437
₴22457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
8 564
social contributions
-
-
-
849
national
-
-
-
13 271
pensions
-
-
-
9 480
total
-
-
-
32 164
Employee
40 923
-
68 295
-
pensions
1 637
-
2 732
-
national
7 833
-
13 745
-
municipal
5 055
-
8 870
-
total
14 525
-
25 347
-
Employer
40 923
-
68 295
-
pensions
3 274
-
5 464
-
social contributions
440
-
734
-
total
3 714
-
6 198
-
Corporate
31 662
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%.

6 332
15 800
-
-
total
6 332
15 800
-
-
Dividends
25 330
63 200
-
-
withholding
5 573
13 904
-
-
total
5 573
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 144
29 704
31 545
32 164
After tax
48 856
49 296
47 455
46 836
Living cost
26 399
26 399
26 399
26 399
Free-cash
22 457
22 897
21 056
20 437

Estimated living cost  is ₴26399 per week

₴17943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37248
₴52900
₴16257
₴48839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
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.

-
-
-
18 968
income
-
-
-
13 330
total
-
-
-
52 443
Employee
14 466
-
57 624
-
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.

1 591
-
6 339
-
surtax
-
-
-
-
income
2 575
-
11 231
-
total
4 166
-
17 570
-
Employer
14 466
-
57 624
-
surtax
-
-
-
-
social contributions

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

3 485
-
13 882
-
total
3 485
-
13 882
-
Corporate
61 049
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%.

12 210
15 800
-
-
total
12 210
15 800
-
-
Dividends

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

48 840
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 861
15 800
31 452
52 443
After tax
59 139
63 200
47 548
26 557
Living cost
10 300
10 300
10 300
10 300
Free-cash
48 839
52 900
37 248
16 257

Estimated living cost  is ₴10300 per week

₴6571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27728
₴18253
₴23446
₴15219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
22 910
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
34 815
Employee
42 277
42 277
69 800
-
health
6 489
5 519
6 105
-
pensions
7 610
5 800
5 800
-
income

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

6 920
6 920
9 428
-
total
21 019
18 239
21 333
-
Employer
42 277
42 277
69 800
-
unemployment
1 522
1 522
1 891
-
health
2 939
2 939
3 652
-
pensions
2 942
2 942
3 657
-
total
7 403
7 403
9 200
-
Corporate
29 839
29 320
-
-
income
5 968
5 864
-
-
total
5 968
5 864
-
-
Dividends
23 871
23 456
-
-
withholding
3 580
3 518
-
-
income
5 072
4 984
-
-
total
8 652
8 502
-
-
Income
79 000
79 000
79 000
79 000
Total tax
43 042
40 008
30 533
34 815
After tax
35 958
38 992
48 467
44 185
Living cost
20 739
20 739
20 739
20 739
Free-cash
15 219
18 253
27 728
23 446

Estimated living cost  is ₴20739 per week

₴14697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20651
₴23132
₴21137
₴22683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
19 771
other
-
-
-
5 094
unemployment
-
-
-
44
national
-
-
-
5 390
pensions
-
-
-
4 739
accident
-
-
-
88
health
-
-
-
2 735
total
-
-
-
37 861
Employee
28 501
-
65 227
-
national
-
-
5 122
-
municipal
8 499
-
19 451
-
total
8 499
-
24 573
-
Employer
28 501
-
65 227
-
unemployment
752
-
1 157
-
accident
57
-
88
-
health
1 753
-
2 696
-
pensions
3 081
-
4 739
-
other
3 312
-
5 094
-
total
8 955
-
13 774
-
Corporate
41 545
79 000
-
-
income
9 140
17 380
-
-
total
9 140
17 380
-
-
Dividends
32 405
61 620
-
-
withholding
9 721
18 486
-
-
total
9 721
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 315
35 866
38 347
37 861
After tax
42 685
43 134
40 653
41 139
Living cost
20 002
20 002
20 002
20 002
Free-cash
22 683
23 132
20 651
21 137

Estimated living cost  is ₴20002 per week

₴13256
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.
₴4479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31367
₴20003
₴22158
₴26961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 293
trade
-
-
-
9 209
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.

-
-
-
23 510
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.

-
-
-
3 382
total
-
-
-
37 394
Employee

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

25 106
-
79 000
-
health

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

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

3 382
-
3 382
-
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
-
1 293
-
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.

2 157
-
23 510
-
total
5 657
-
28 185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 894
79 000
-
-
chamber of commerce
152
188
-
-
trade
8 866
12 996
-
-
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.

444
652
-
-
income
8 084
11 850
-
-
total
17 546
25 686
-
-
Dividends
36 347
53 314
-
-
withholding
8 899
13 141
-
-
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.

489
722
-
-
total
9 388
13 863
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 591
39 549
28 185
37 394
After tax
46 409
39 451
50 815
41 606
Living cost
19 448
19 448
19 448
19 448
Free-cash
26 961
20 003
31 367
22 158

Estimated living cost  is ₴19448 per week

₴13007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37630
₴41600
₴38349
₴39546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
8 010
income
-
-
-
14 569
health
-
-
-
2 014
total
-
-
-
24 593
Employee
38 068
38 068
73 381
-
health
379
647
1 248
-
social contributions
1 850
3 159
4 262
-
income
3 998
3 524
14 182
-
total
6 227
7 330
19 692
-
Employer
38 068
38 068
73 381
-
health
412
705
1 358
-
social contributions
1 850
3 159
4 262
-
total
2 262
3 864
5 620
-
Corporate
54 454
37 068
-
-
income
6 807
4 634
-
-
total
6 807
4 634
-
-
Dividends
47 648
32 434
-
-
withholding
8 100
5 514
-
-
total
8 100
5 514
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 396
21 342
25 312
24 593
After tax
55 604
57 658
53 688
54 407
Living cost
16 058
16 058
16 058
16 058
Free-cash
39 546
41 600
37 630
38 349

Estimated living cost  is ₴16058 per week

₴10977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
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.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36931
₴35528
₴45862
₴35712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 797
5 093
66 109
-
health
896
357
4 628
-
pensions
1 280
509
6 611
-
unemployment
192
76
992
-
income
1 564
623
8 082
-
total
3 932
1 565
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.

12 797
5 093
66 109
-
pensions
2 495
993
12 891
-
total
2 495
993
12 891
-
Corporate
63 707
72 914
-
-
income
5 734
6 562
-
-
total
5 734
6 562
-
-
Dividends
57 974
66 352
-
-
withholding
11 015
12 607
-
-
social contributions
11 247
12 880
-
-
total
22 262
25 487
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 423
34 607
33 204
24 273
After tax
44 577
44 393
45 796
54 727
Living cost
8 865
8 865
8 865
8 865
Free-cash
35 712
35 528
36 931
45 862

Estimated living cost  is ₴8865 per week

₴6050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33575
₴51242
₴30386
₴48167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
10 586
pensions
-
-
-
15 800
health
-
-
-
10 270
total
-
-
-
36 656
Employee
14 044
-
59 043
-
unemployment
225
-
945
-
pensions
281
-
1 181
-
income
1 581
-
11 384
-
total
2 087
-
13 510
-
Employer
14 044
-
59 043
-
unemployment
113
-
473
-
health
1 825
-
7 676
-
pensions
2 809
-
11 808
-
total
4 747
-
19 957
-
Corporate
60 208
79 000
-
-
income
12 041
15 800
-
-
total
12 041
15 800
-
-
Dividends
48 167
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 875
15 800
33 467
36 656
After tax
60 125
63 200
45 533
42 344
Living cost
11 958
11 958
11 958
11 958
Free-cash
48 167
51 242
33 575
30 386

Estimated living cost  is ₴11958 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31521
-₴4657
₴42983
₴4704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
21 461
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
24 961
Employee
17 391
-
70 557
-
health
1 991
-
8 079
-
pensions
1 958
-
3 834
-
income
2 386
-
16 067
-
total
6 335
-
27 980
-
Employer
17 391
-
70 557
-
unemployment
426
-
1 729
-
accident
290
-
1 178
-
pensions
2 828
-
5 536
-
total
3 544
-
8 443
-
Corporate
58 065
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.

52 258
71 100
-
-
total
52 258
71 100
-
-
Dividends
5 806
7 900
-
-
withholding
1 103
1 501
-
-
total
1 103
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 240
72 601
36 423
24 961
After tax
15 760
6 399
42 577
54 039
Living cost
11 056
11 056
11 056
11 056
Free-cash
4 704
-4 657
31 521
42 983

Estimated living cost  is ₴11056 per week

₴8103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59190
₴71040
₴74200
₴70289
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
79 000
-
income
1 002
-
15 800
-
total
1 002
-
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%.

73 988
79 000
-
-
total
-
-
-
-
Dividends
73 988
79 000
-
-
withholding
3 699
3 950
-
-
total
3 699
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 701
3 950
15 800
790
After tax
74 299
75 050
63 200
78 210
Living cost
4 010
4 010
4 010
4 010
Free-cash
70 289
71 040
59 190
74 200

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31779
₴44849
₴29435
₴41506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other
-
-
-
3 576
income
-
-
-
11 416
pensions

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

-
-
-
18 068
health
-
-
-
3 313
total
-
-
-
36 373
Employee
17 975
-
63 099
-
health
252
-
883
-
pensions

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

1 258
-
4 417
-
unemployment
179
-
631
-
income
3 095
-
12 197
-
total
4 784
-
18 128
-
Employer
17 975
-
63 099
-
unemployment
179
-
631
-
accident
144
-
505
-
health
252
-
883
-
pensions

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

3 056
-
10 727
-
other
899
-
3 155
-
total
4 530
-
15 901
-
Corporate
56 494
79 000
-
-
income
11 864
16 590
-
-
total
11 864
16 590
-
-
Dividends
44 631
62 410
-
-
withholding
3 124
4 369
-
-
total
3 124
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 302
20 959
34 029
36 373
After tax
54 698
58 041
44 971
42 627
Living cost
13 192
13 192
13 192
13 192
Free-cash
41 506
44 849
31 779
29 435

Estimated living cost  is ₴13192 per week

₴9321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12513
₴19326
₴19713
₴19010
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 643
pensions
-
-
-
4 309
total
-
-
-
25 952
Employee
47 165
-
69 092
-
health
777
-
1 036
-
pensions
4 550
-
5 364
-
income
8 502
-
16 844
-
total
13 829
-
23 244
-
Employer
47 165
-
69 092
-
health
896
-
1 313
-
pensions
5 569
-
8 595
-
total
6 465
-
9 908
-
Corporate
25 371
79 000
-
-
income

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

4 820
15 010
-
-
total
4 820
15 010
-
-
Dividends
20 551
63 990
-
-
withholding
1 541
11 329
-
-
total
1 541
11 329
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 655
26 339
33 152
25 952
After tax
52 345
52 661
45 848
53 048
Living cost
33 335
33 335
33 335
33 335
Free-cash
19 010
19 326
12 513
19 713

Estimated living cost  is ₴33335 per week

₴24979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴59046
₴61051
₴56037
₴58751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
unemployment
-
-
-
69
income
-
-
-
11 850
pensions

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
16 469
Employee
8 599
-
75 606
-
health
395
-
796
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

755
-
1 519
-
income
860
-
7 561
-
total
2 105
-
10 066
-
Employer
8 599
-
75 606
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 194
-
pensions

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

948
-
1 906
-
total
1 687
-
3 394
-
Corporate
68 714
79 000
-
-
income
6 871
7 900
-
-
total
6 871
7 900
-
-
Dividends
61 843
71 100
-
-
withholding
3 092
3 555
-
-
total
3 092
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 755
11 455
13 460
16 469
After tax
65 245
67 545
65 540
62 531
Living cost
6 494
6 494
6 494
6 494
Free-cash
58 751
61 051
59 046
56 037

Estimated living cost  is ₴6494 per week

₴3791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21015
₴11540
₴16733
₴12783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
income
-
-
-
22 910
pensions
-
-
-
5 800
health
-
-
-
6 105
total
-
-
-
34 815
Employee
45 899
42 277
69 800
-
health
5 726
5 519
6 105
-
pensions
5 800
5 800
5 800
-
income

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

6 920
6 920
9 428
-
total
18 446
18 239
21 333
-
Employer
45 899
42 277
69 800
-
unemployment
1 653
1 522
1 891
-
health
3 190
2 939
3 652
-
pensions
3 194
2 942
3 657
-
total
8 037
7 403
9 200
-
Corporate
25 065
29 320
-
-
income
5 013
5 864
-
-
total
5 013
5 864
-
-
Dividends
20 052
23 456
-
-
withholding
3 007
3 518
-
-
income
4 262
4 984
-
-
total
7 269
8 502
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 765
40 008
30 533
34 815
After tax
40 235
38 992
48 467
44 185
Living cost
27 452
27 452
27 452
27 452
Free-cash
12 783
11 540
21 015
16 733

Estimated living cost  is ₴27452 per week

₴20251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27992
₴42295
₴31192
₴37979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
7 639
health
-
-
-
10 665
total
-
-
-
35 711
Employee
17 790
-
58 955
-
health
2 402
-
7 959
-
social contributions
1 156
-
3 832
-
solidarity contribution
-
-
-
-
income
2 135
-
7 075
-
total
5 693
-
18 866
-
Employer
17 790
-
58 955
-
health
1 601
-
5 306
-
social contributions
4 447
-
14 739
-
total
6 048
-
20 045
-
Corporate
55 162
79 000
-
-
income
10 481
15 010
-
-
total
10 481
15 010
-
-
Dividends
44 681
63 990
-
-
withholding
6 702
9 598
-
-
total
6 702
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 924
24 608
38 911
35 711
After tax
50 076
54 392
40 089
43 289
Living cost
12 097
12 097
12 097
12 097
Free-cash
37 979
42 295
27 992
31 192

Estimated living cost  is ₴12097 per week

₴8403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13776
₴21260
₴17345
₴18676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
470
social contributions
-
-
-
20 319
national
-
-
-
19 052
regional
-
-
-
924
total
-
-
-
40 765
Employee
43 999
-
79 000
-
social contributions
14 836
-
26 639
-
national
7 624
-
16 461
-
regional
415
-
815
-
municipal
233
-
419
-
total
23 108
-
44 334
-
Employer
43 999
-
79 000
-
total
-
-
-
-
Corporate
35 001
79 000
-
-
municipal
1 365
3 081
-
-
nationa
8 400
18 960
-
-
total
9 765
22 041
-
-
Dividends
25 236
56 960
-
-
withholding
6 561
14 809
-
-
total
6 561
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 434
36 850
44 334
40 765
After tax
39 566
42 150
34 666
38 235
Living cost
20 890
20 890
20 890
20 890
Free-cash
18 676
21 260
13 776
17 345

Estimated living cost  is ₴20890 per week

₴14562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23583
₴38767
₴26567
₴37225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
3 001
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
20 489
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
41 509
Employee
16 372
-
65 262
-
health
418
-
1 665
-
pensions
1 092
-
4 353
-
unemployment
1 140
-
4 542
-
surtax
54
-
2 530
-
other
-
-
-
-
income
2 744
-
17 664
-
total
5 448
-
30 754
-
Employer
16 372
-
65 262
-
unemployment
519
-
2 069
-
health
745
-
2 970
-
pensions
2 182
-
8 700
-
other
-
-
-
-
total
3 446
-
13 739
-
Corporate
59 182
79 000
-
-
income
15 388
20 540
-
-
total
15 388
20 540
-
-
Dividends
43 795
58 460
-
-
withholding
6 569
8 769
-
-
total
6 569
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 851
29 309
44 493
41 509
After tax
48 149
49 691
34 507
37 491
Living cost
10 924
10 924
10 924
10 924
Free-cash
37 225
38 767
23 583
26 567

Estimated living cost  is ₴10924 per week

₴6680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
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.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23074
₴29887
₴30274
₴32493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 643
pensions
-
-
-
4 309
total
-
-
-
25 952
Employee
31 608
-
69 092
-
health
459
-
1 036
-
pensions
2 683
-
5 364
-
income
5 693
-
16 844
-
total
8 835
-
23 244
-
Employer
31 608
-
69 092
-
health
600
-
1 313
-
pensions
3 422
-
8 595
-
total
4 022
-
9 908
-
Corporate
43 369
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.

8 241
15 010
-
-
total
8 241
15 010
-
-
Dividends
35 129
63 990
-
-
withholding
2 635
11 329
-
-
total
2 635
11 329
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 733
26 339
33 152
25 952
After tax
55 267
52 661
45 848
53 048
Living cost
22 774
22 774
22 774
22 774
Free-cash
32 493
29 887
23 074
30 274

Estimated living cost  is ₴22774 per week

₴17062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
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.
₴3766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21521
-₴3030
₴25359
₴13721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
city
-
-
-
833
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
national
-
-
-
1 015
pensions
-
-
-
7 268
regional
-
-
-
3 612
health
-
-
-
178
total
-
-
-
14 486
Employee
45 822
-
70 710
-
health
104
-
159
-
pensions
3 850
-
5 939
-
unemployment
-
-
-
-
city
492
-
759
-
national
217
-
833
-
regional
1 500
-
3 122
-
total
6 163
-
10 812
-
Employer
45 822
-
70 710
-
unemployment
-
-
-
-
health
104
-
159
-
pensions
3 850
-
5 939
-
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.

916
-
1 414
-
total
4 870
-
7 512
-
Corporate
27 805
79 000
-
-
regional
5 881
16 709
-
-
national
2 363
6 715
-
-
total
8 244
23 424
-
-
Dividends
19 561
55 576
-
-
withholding
6 847
19 451
-
-
total
6 847
19 451
-
-
Income
79 000
79 000
79 000
79 000
Total tax
26 124
42 875
18 324
14 486
After tax
52 876
36 125
60 676
64 514
Living cost
39 155
39 155
39 155
39 155
Free-cash
13 721
-3 030
21 521
25 359

Estimated living cost  is ₴39155 per week

₴25462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28136
₴16368
₴18535
₴24393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 293
trade
-
-
-
9 601
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.

-
-
-
23 510
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.

-
-
-
3 382
total
-
-
-
37 786
Employee

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

29 753
-
79 000
-
health

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

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

3 382
-
3 382
-
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.

193
-
1 293
-
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.

3 499
-
23 510
-
total
7 074
-
28 185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 247
79 000
-
-
chamber of commerce
145
186
-
-
trade
8 446
13 548
-
-
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.

406
652
-
-
income
7 387
11 850
-
-
total
16 384
26 236
-
-
Dividends
32 864
52 764
-
-
withholding
8 028
13 002
-
-
surtax

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

442
715
-
-
total
8 470
13 717
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 928
39 953
28 185
37 786
After tax
47 072
39 047
50 815
41 214
Living cost
22 679
22 679
22 679
22 679
Free-cash
24 393
16 368
28 136
18 535

Estimated living cost  is ₴22679 per week

₴16564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴27389
₴22877
₴27715
₴25801
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 695
pensions
-
-
-
14 868
health
-
-
-
3 084
total
-
-
-
34 347
Employee
21 188
-
61 674
-
social contributions
604
-
1 757
-
pensions
2 396
-
4 068
-
surtax
-
-
-
-
income
1 250
-
11 521
-
total
4 250
-
17 346
-
Employer
21 188
-
61 674
-
unemployment
858
-
2 498
-
health
1 483
-
5 445
-
pensions
3 481
-
6 887
-
other
731
-
2 312
-
social contributions
64
-
185
-
total
6 617
-
17 327
-
Corporate
51 195
79 000
-
-
surtax
-
-
-
-
income
14 335
22 120
-
-
total
14 335
22 120
-
-
Dividends
36 860
56 880
-
-
withholding
4 718
7 281
-
-
surtax
-
-
-
-
social contributions
6 341
9 784
-
-
total
11 059
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 261
39 185
34 673
34 347
After tax
42 739
39 815
44 327
44 653
Living cost
16 938
16 938
16 938
16 938
Free-cash
25 801
22 877
27 389
27 715

Estimated living cost  is ₴16938 per week

₴10680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
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.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29067
₴24555
₴29393
₴27306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 695
pensions
-
-
-
14 868
health
-
-
-
3 084
total
-
-
-
34 347
Employee
18 913
-
61 674
-
social contributions
539
-
1 757
-
pensions
2 139
-
4 068
-
surtax
-
-
-
-
income
975
-
11 521
-
total
3 653
-
17 346
-
Employer
18 913
-
61 674
-
unemployment
766
-
2 498
-
health
1 324
-
5 445
-
pensions
3 108
-
6 887
-
other
653
-
2 312
-
social contributions
56
-
185
-
total
5 907
-
17 327
-
Corporate
54 180
79 000
-
-
surtax
-
-
-
-
income
15 171
22 120
-
-
total
15 171
22 120
-
-
Dividends
39 009
56 880
-
-
withholding
4 993
7 281
-
-
surtax
-
-
-
-
social contributions
6 710
9 784
-
-
total
11 703
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 434
39 185
34 673
34 347
After tax
42 566
39 815
44 327
44 653
Living cost
15 260
15 260
15 260
15 260
Free-cash
27 306
24 555
29 067
29 393

Estimated living cost  is ₴15260 per week

₴8850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38848
₴37698
₴40236
₴37954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
10 902
income
-
-
-
11 850
health
-
-
-
5 514
total
-
-
-
28 266
Employee
16 786
-
79 000
-
health
1 172
-
5 514
-
social contributions
2 317
-
10 902
-
income
2 800
-
13 238
-
total
6 289
-
29 654
-
Employer
16 786
-
79 000
-
total
-
-
-
-
Corporate
62 214
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%.

3 111
3 950
-
-
total
3 111
3 950
-
-
Dividends
59 104
75 050
-
-
withholding
8 866
11 258
-
-
health
4 125
5 239
-
-
social contributions
8 157
10 357
-
-
total
21 148
26 854
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 548
30 804
29 654
28 266
After tax
48 452
48 196
49 346
50 734
Living cost
10 498
10 498
10 498
10 498
Free-cash
37 954
37 698
38 848
40 236

Estimated living cost  is ₴10498 per week

₴7025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3315
₴26345
₴23080
₴25580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
98
chamber of commerce
-
-
-
316
unemployment
-
-
-
3 036
income
-
-
-
19 902
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
38 476
Employee
24 741
19 729
61 957
-
health
957
764
2 238
-
pensions
2 534
2 020
5 923
-
unemployment
742
592
1 735
-
other
247
197
579
-
income
2 817
1 455
15 703
-
total
7 297
5 028
26 178
-
Employer
24 741
19 729
61 957
-
unemployment
742
592
1 735
-
payroll
742
592
1 858
-
accident
321
256
752
-
health
935
746
2 186
-
pensions
3 105
2 476
7 258
-
other
1 175
937
2 908
-
surtax
98
98
98
-
chamber of commerce
99
79
248
-
total
7 217
5 776
17 043
-
Corporate
47 042
53 495
60 078
-
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.

11 760
13 374
15 020
-
total
11 760
13 374
15 020
-
Dividends
35 281
40 121
-
-
withholding
9 702
11 033
-
-
total
9 702
11 033
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 976
35 211
58 241
38 476
After tax
43 024
43 789
20 759
40 524
Living cost
17 444
17 444
17 444
17 444
Free-cash
25 580
26 345
3 315
23 080

Estimated living cost  is ₴17444 per week

₴11635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10221
₴26149
₴16176
₴18723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
12 273
communal

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

-
-
-
4 004
national
-
-
-
28 496
total
-
-
-
44 773
Employee

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

35 413
-
61 188
-
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.

1 664
-
2 876
-
pensions

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

2 656
-
4 589
-
unemployment

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

308
-
533
-
national
10 887
-
21 727
-
communal

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

1 847
-
3 191
-
total
17 362
-
32 916
-
Employer

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

35 413
-
61 188
-
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.

517
-
893
-
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.

460
-
795
-
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.

2 178
-
3 764
-
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.

3 138
-
5 421
-
surtax
4 015
-
6 939
-
total
10 308
-
17 812
-
Corporate
33 279
79 000
-
-
surtax
133
316
-
-
income
6 656
15 800
-
-
total
6 789
16 116
-
-
Dividends
26 490
62 884
-
-
withholding

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

7 767
18 684
-
-
total
7 767
18 684
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 226
34 800
50 728
44 773
After tax
36 774
44 200
28 272
34 227
Living cost
18 051
18 051
18 051
18 051
Free-cash
18 723
26 149
10 221
16 176

Estimated living cost  is ₴18051 per week

₴11627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
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.
₴4563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24472
₴34879
₴26548
₴31338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
20 807
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
34 573
Employee
24 643
-
64 371
-
pensions
1 158
-
2 157
-
unemployment
382
-
711
-
other
24
-
46
-
income
5 200
-
19 108
-
total
6 764
-
22 022
-
Employer
24 643
-
64 371
-
unemployment
1 356
-
2 523
-
accident
488
-
908
-
pensions
5 815
-
10 829
-
other
196
-
367
-
total
7 855
-
14 627
-
Corporate
46 502
79 000
-
-
income

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

6 976
11 850
-
-
total
6 976
11 850
-
-
Dividends
39 526
67 150
-
-
withholding
8 188
14 392
-
-
total
8 188
14 392
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 783
26 242
36 649
34 573
After tax
49 217
52 758
42 351
44 427
Living cost
17 879
17 879
17 879
17 879
Free-cash
31 338
34 879
24 472
26 548

Estimated living cost  is ₴17879 per week

₴13166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16223
₴19798
₴13074
₴13865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
3 917
income
-
-
-
12 056
communal
-
-
-
4 992
pensions
-
-
-
11 841
accident
-
-
-
666
health
-
-
-
5 550
total
-
-
-
39 022
Employee
37 491
-
70 567
-
health
1 669
-
3 141
-
pensions
2 999
-
5 645
-
surtax
2 298
-
4 324
-
income
3 621
-
14 331
-
total
10 587
-
27 441
-
Employer
37 491
-
70 567
-
accident
337
-
635
-
health
1 143
-
2 152
-
pensions
2 999
-
5 645
-
total
4 479
-
8 432
-
Corporate
37 029
79 000
-
-
communal
2 499
5 333
-
-
surtax
389
830
-
-
income
5 554
11 850
-
-
total
8 442
18 013
-
-
Dividends
28 587
60 988
-
-
withholding
4 288
9 148
-
-
income
10 435
5 137
-
-
total
14 723
14 285
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 231
32 298
35 873
39 022
After tax
40 769
46 702
43 127
39 978
Living cost
26 904
26 904
26 904
26 904
Free-cash
13 865
19 798
16 223
13 074

Estimated living cost  is ₴26904 per week

₴20182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23387
₴38571
₴26371
₴36997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
3 001
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
20 489
pensions
-
-
-
13 215
health
-
-
-
4 691
total
-
-
-
41 509
Employee
16 672
-
65 262
-
health
426
-
1 665
-
pensions
1 112
-
4 353
-
unemployment
1 160
-
4 542
-
surtax
59
-
2 530
-
other
-
-
-
-
income
2 795
-
17 664
-
total
5 552
-
30 754
-
Employer
16 672
-
65 262
-
unemployment
529
-
2 069
-
health
758
-
2 970
-
pensions
2 223
-
8 700
-
other
-
-
-
-
total
3 510
-
13 739
-
Corporate
58 818
79 000
-
-
income
15 293
20 540
-
-
total
15 293
20 540
-
-
Dividends
43 525
58 460
-
-
withholding
6 528
8 769
-
-
total
6 528
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 883
29 309
44 493
41 509
After tax
48 117
49 691
34 507
37 491
Living cost
11 120
11 120
11 120
11 120
Free-cash
36 997
38 571
23 387
26 371

Estimated living cost  is ₴11120 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21082
₴28189
₴24632
₴27088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
470
social contributions
-
-
-
20 319
national
-
-
-
19 052
regional
-
-
-
1 191
total
-
-
-
41 032
Employee
27 462
-
79 000
-
social contributions
9 261
-
26 639
-
national
4 351
-
16 461
-
regional
370
-
1 063
-
municipal
146
-
419
-
total
14 128
-
44 582
-
Employer
27 462
-
79 000
-
total
-
-
-
-
Corporate
51 538
79 000
-
-
municipal
2 561
3 926
-
-
nationa
12 369
18 960
-
-
total
14 930
22 886
-
-
Dividends
36 608
56 114
-
-
withholding
9 518
14 589
-
-
total
9 518
14 589
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 576
37 475
44 582
41 032
After tax
40 424
41 525
34 418
37 968
Living cost
13 336
13 336
13 336
13 336
Free-cash
27 088
28 189
21 082
24 632

Estimated living cost  is ₴13336 per week

₴8294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25182
₴39485
₴28382
₴34167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
17 407
income
-
-
-
7 639
health
-
-
-
10 665
total
-
-
-
35 711
Employee
21 922
-
58 955
-
health
2 959
-
7 959
-
social contributions
1 425
-
3 832
-
solidarity contribution
-
-
-
-
income
2 631
-
7 075
-
total
7 015
-
18 866
-
Employer
21 922
-
58 955
-
health
1 973
-
5 306
-
social contributions
5 480
-
14 739
-
total
7 453
-
20 045
-
Corporate
49 625
79 000
-
-
income
9 429
15 010
-
-
total
9 429
15 010
-
-
Dividends
40 196
63 990
-
-
withholding
6 029
9 598
-
-
total
6 029
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 926
24 608
38 911
35 711
After tax
49 074
54 392
40 089
43 289
Living cost
14 907
14 907
14 907
14 907
Free-cash
34 167
39 485
25 182
28 382

Estimated living cost  is ₴14907 per week

₴11086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴826
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.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4996
₴28048
₴24828
₴27804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
316
unemployment
-
-
-
3 036
income
-
-
-
19 902
pensions
-
-
-
10 700
health
-
-
-
4 424
total
-
-
-
38 378
Employee
21 641
19 729
62 048
-
health
837
764
2 238
-
pensions
2 216
2 020
5 923
-
unemployment
649
592
1 735
-
other
216
197
579
-
income
1 928
1 455
15 742
-
total
5 846
5 028
26 217
-
Employer
21 641
19 729
62 048
-
unemployment
649
592
1 735
-
payroll
649
592
1 861
-
accident
281
256
752
-
health
818
746
2 186
-
pensions
2 716
2 476
7 258
-
other
1 028
937
2 911
-
surtax
-
-
-
-
chamber of commerce
86
79
248
-
total
6 227
5 678
16 951
-
Corporate
51 131
53 593
60 169
-
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.

12 783
13 398
15 042
-
total
12 783
13 398
15 042
-
Dividends
38 349
40 195
-
-
withholding
10 546
11 054
-
-
total
10 546
11 054
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 402
35 158
58 210
38 378
After tax
43 598
43 842
20 790
40 622
Living cost
15 794
15 794
15 794
15 794
Free-cash
27 804
28 048
4 996
24 828

Estimated living cost  is ₴15794 per week

₴9475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56952
₴68802
₴71962
₴67630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 810
-
79 000
-
income
1 562
-
15 800
-
total
1 562
-
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%.

71 190
79 000
-
-
total
-
-
-
-
Dividends
71 190
79 000
-
-
withholding
3 560
3 950
-
-
total
3 560
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 122
3 950
15 800
790
After tax
73 878
75 050
63 200
78 210
Living cost
6 248
6 248
6 248
6 248
Free-cash
67 630
68 802
56 952
71 962

Estimated living cost  is ₴6248 per week

₴4228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23627
₴41112
₴25722
₴36972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
79 000
unemployment
-
-
-
118
income
-
-
-
17 680
pensions
-
-
-
14 428
health
-
-
-
7 773
total
-
-
-
39 999
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.

21 892
-
68 357
-
health
1 414
-
4 417
-
pensions
3 393
-
10 596
-
unemployment
31
-
96
-
income
3 775
-
16 342
-
total
8 613
-
31 451
-
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.

21 892
-
68 357
-
unemployment
13
-
41
-
health
1 458
-
4 553
-
pensions
1 937
-
6 049
-
total
3 408
-
10 643
-
Corporate
53 700
79 000
-
-
income
10 203
15 010
-
-
total
10 203
15 010
-
-
Dividends
43 497
63 990
-
-
withholding
6 525
9 599
-
-
total
6 525
9 599
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 749
24 609
42 094
39 999
After tax
50 251
54 391
36 906
39 001
Living cost
13 279
13 279
13 279
13 279
Free-cash
36 972
41 112
23 627
25 722

Estimated living cost  is ₴13279 per week

₴9113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51289
₴26828
₴33359
₴3418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
9 006
income
-
-
-
15 399
total
-
-
-
24 405
Employee
30 449
-
-
-
social contributions
2 497
-
356
-
income
6 716
-
-
-
total
9 213
-
356
-
Employer
30 449
-
-
-
social contributions
42 933
-
6 119
-
total
42 933
-
6 119
-
Corporate
5 618
79 000
-
-
income
1 236
17 380
-
-
total
1 236
17 380
-
-
Dividends
4 382
61 620
-
-
income
964
13 556
-
-
total
964
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
54 346
30 936
6 475
24 405
After tax
24 654
48 064
72 525
54 595
Living cost
21 236
21 236
21 236
21 236
Free-cash
3 418
26 828
51 289
33 359

Estimated living cost  is ₴21236 per week

₴13779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21316
₴29407
₴27079
₴28907
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
27 453
income
-
-
-
8 939
total
-
-
-
36 392
Employee
22 769
-
63 839
-
social contributions
2 505
-
7 023
-
surtax
-
-
-
-
income
4 736
-
19 971
-
total
7 241
-
26 994
-
Employer
22 769
-
63 839
-
social contributions
5 408
-
15 161
-
total
5 408
-
15 161
-
Corporate
50 823
79 000
-
-
surtax
-
-
-
-
income
10 673
16 590
-
-
total
10 673
16 590
-
-
Dividends
40 150
62 410
-
-
withholding
11 242
17 474
-
-
total
11 242
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 564
34 064
42 155
36 392
After tax
44 436
44 936
36 845
42 608
Living cost
15 529
15 529
15 529
15 529
Free-cash
28 907
29 407
21 316
27 079

Estimated living cost  is ₴15529 per week

₴11619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20416
₴15904
₴20742
₴19309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
2 449
social contributions
-
-
-
2 251
income
-
-
-
11 695
pensions
-
-
-
14 868
health
-
-
-
3 084
total
-
-
-
34 347
Employee
31 007
-
61 674
-
social contributions
883
-
1 757
-
pensions
3 507
-
4 068
-
surtax
-
-
-
-
income
2 705
-
11 521
-
total
7 095
-
17 346
-
Employer
31 007
-
61 674
-
unemployment
1 256
-
2 498
-
health
2 170
-
5 445
-
pensions
5 095
-
6 887
-
other
1 070
-
2 312
-
social contributions
93
-
185
-
total
9 684
-
17 327
-
Corporate
38 309
79 000
-
-
surtax
-
-
-
-
income
10 726
22 120
-
-
total
10 726
22 120
-
-
Dividends
27 583
56 880
-
-
withholding
3 531
7 281
-
-
surtax
-
-
-
-
social contributions
4 744
9 784
-
-
total
8 275
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 780
39 185
34 673
34 347
After tax
43 220
39 815
44 327
44 653
Living cost
23 911
23 911
23 911
23 911
Free-cash
19 309
15 904
20 416
20 742

Estimated living cost  is ₴23911 per week

₴16183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45682
₴56218
₴43582
₴54555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 156
social contributions
-
-
-
17 380
total
-
-
-
20 536
Employee
15 916
-
68 399
-
social contributions
1 034
-
4 446
-
income
-
-
3 389
-
total
1 034
-
7 835
-
Employer
15 916
-
68 399
-
social contributions
2 467
-
10 601
-
total
2 467
-
10 601
-
Corporate
60 617
79 000
-
-
income
6 062
7 900
-
-
total
6 062
7 900
-
-
Dividends
54 555
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 563
7 900
18 436
20 536
After tax
69 437
71 100
60 564
58 464
Living cost
14 882
14 882
14 882
14 882
Free-cash
54 555
56 218
45 682
43 582

Estimated living cost  is ₴14882 per week

₴9622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
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.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28866
-₴28866
₴23224
-₴28866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
16 212
labour market
-
-
-
6 286
national
-
-
-
9 006
pensions
-
-
-
429
total
-
-
-
31 933
Employee
100 636
100 636
100 636
-
pensions
143
143
143
-
national
12 294
12 294
12 294
-
labour market
8 039
8 039
8 039
-
municipal
21 430
21 430
21 430
-
total
41 906
41 906
41 906
-
Employer
100 636
100 636
100 636
-
pensions
286
286
286
-
national
12 316
12 316
12 316
-
labour market
8 051
8 051
8 051
-
municipal
21 464
21 464
21 464
-
total
42 117
42 117
42 117
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
84 023
84 023
84 023
31 933
After tax
-5 023
-5 023
-5 023
47 067
Living cost
23 843
23 843
23 843
23 843
Free-cash
-28 866
-28 866
-28 866
23 224

Estimated living cost  is ₴23843 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31685
-₴4493
₴43147
₴4729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
21 461
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
24 961
Employee
17 135
-
70 557
-
health
1 962
-
8 079
-
pensions
1 929
-
3 834
-
income
2 351
-
16 067
-
total
6 242
-
27 980
-
Employer
17 135
-
70 557
-
unemployment
420
-
1 729
-
accident
286
-
1 178
-
pensions
2 786
-
5 536
-
total
3 492
-
8 443
-
Corporate
58 373
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.

52 536
71 100
-
-
total
52 536
71 100
-
-
Dividends
5 837
7 900
-
-
withholding
1 109
1 501
-
-
total
1 109
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 379
72 601
36 423
24 961
After tax
15 621
6 399
42 577
54 039
Living cost
10 892
10 892
10 892
10 892
Free-cash
4 729
-4 493
31 685
43 147

Estimated living cost  is ₴10892 per week

₴7929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22957
₴31005
₴33139
₴32055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
79 000
municipal
-
-
-
14 038
national
-
-
-
11 806
health
-
-
-
1 010
total
-
-
-
26 854
Employee
26 047
-
66 459
-
health
194
-
816
-
pensions
1 758
-
4 486
-
unemployment
391
-
997
-
national
430
-
7 367
-
municipal
4 266
-
10 829
-
total
7 039
-
24 495
-
Employer
26 047
-
66 459
-
unemployment
169
-
432
-
accident
26
-
67
-
health
200
-
512
-
pensions
4 519
-
11 530
-
total
4 914
-
12 541
-
Corporate
48 039
79 000
-
-
income
9 608
15 800
-
-
total
9 608
15 800
-
-
Dividends

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

28 823
47 400
-
-
national
1 189
4 656
-
-
municipal
5 188
8 532
-
-
total
6 377
13 188
-
-
Income
79 000
79 000
79 000
79 000
Total tax
27 938
28 988
37 036
26 854
After tax
51 062
50 012
41 964
52 146
Living cost
19 007
19 007
19 007
19 007
Free-cash
32 055
31 005
22 957
33 139

Estimated living cost  is ₴19007 per week

₴12415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42226
₴46196
₴42945
₴43502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
8 010
income
-
-
-
14 569
health
-
-
-
2 014
total
-
-
-
24 593
Employee
38 068
38 068
73 381
-
health
295
647
1 248
-
social contributions
1 439
3 159
4 262
-
income
4 145
3 524
14 182
-
total
5 879
7 330
19 692
-
Employer
38 068
38 068
73 381
-
health
320
705
1 358
-
social contributions
1 439
3 159
4 262
-
total
1 759
3 864
5 620
-
Corporate
59 899
37 068
-
-
income
7 488
4 634
-
-
total
7 488
4 634
-
-
Dividends
52 411
32 434
-
-
withholding
8 910
5 514
-
-
total
8 910
5 514
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 036
21 342
25 312
24 593
After tax
54 964
57 658
53 688
54 407
Living cost
11 462
11 462
11 462
11 462
Free-cash
43 502
46 196
42 226
42 945

Estimated living cost  is ₴11462 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48284
₴57560
₴58215
₴55042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
79 000
unemployment
-
-
-
14
income
-
-
-
7 970
pensions
-
-
-
3 149
health
-
-
-
1 792
total
-
-
-
12 925
Employee

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

11 364
-
74 162
-
health
966
-
3 993
-
pensions
1 704
-
7 046
-
unemployment
56
-
235
-
income
777
-
6 743
-
total
3 503
-
18 017
-
Employer

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

11 364
-
74 162
-
unemployment
56
-
235
-
health
489
-
2 020
-
pensions
625
-
2 584
-
total
1 170
-
4 839
-
Corporate
66 467
79 000
-
-
income
5 982
7 110
-
-
total
5 982
7 110
-
-
Dividends
60 485
71 890
-
-
withholding
5 443
6 470
-
-
total
5 443
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
16 098
13 580
22 856
12 925
After tax
62 902
65 420
56 144
66 075
Living cost
7 860
7 860
7 860
7 860
Free-cash
55 042
57 560
48 284
58 215

Estimated living cost  is ₴7860 per week

₴5015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28737
₴39144
₴30813
₴36948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
20 807
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
34 573
Employee
18 306
-
64 371
-
pensions
861
-
2 157
-
unemployment
284
-
711
-
other
18
-
46
-
income
3 529
-
19 108
-
total
4 692
-
22 022
-
Employer
18 306
-
64 371
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
pensions
4 320
-
10 829
-
other
147
-
367
-
total
5 837
-
14 627
-
Corporate
54 858
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.

8 229
11 850
-
-
total
8 229
11 850
-
-
Dividends
46 629
67 150
-
-
withholding
9 680
14 392
-
-
total
9 680
14 392
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 438
26 242
36 649
34 573
After tax
50 562
52 758
42 351
44 427
Living cost
13 614
13 614
13 614
13 614
Free-cash
36 948
39 144
28 737
30 813

Estimated living cost  is ₴13614 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49678
₴48288
₴49750
₴48122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 974
pensions
-
-
-
735
health
-
-
-
533
total
-
-
-
28 242
Employee
1 535
-
78 173
-
health
77
-
184
-
pensions
138
-
331
-
unemployment
15
-
37
-
income
297
-
26 935
-
total
527
-
27 487
-
Employer
1 535
-
78 173
-
unemployment
31
-
74
-
health
146
-
349
-
pensions
169
-
404
-
total
346
-
827
-
Corporate
77 119
79 000
-
-
income
16 966
17 380
-
-
total
16 966
17 380
-
-
Dividends
60 153
61 620
-
-
withholding
12 031
12 324
-
-
total
12 031
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 870
29 704
28 314
28 242
After tax
49 130
49 296
50 686
50 758
Living cost
1 008
1 008
1 008
1 008
Free-cash
48 122
48 288
49 678
49 750

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38923
₴48515
₴38923
₴46078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 000
unemployment
-
-
-
549
income
-
-
-
17 682
pensions
-
-
-
9 514
health
-
-
-
3 769
total
-
-
-
31 514
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.

12 913
-
72 450
-
health
665
-
1 885
-
pensions
1 808
-
5 123
-
unemployment
97
-
274
-
income
1 780
-
17 682
-
total
4 350
-
24 964
-
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.

12 913
-
72 450
-
unemployment
97
-
274
-
health
665
-
1 885
-
pensions
1 550
-
4 391
-
total
2 312
-
6 550
-
Corporate
63 776
79 000
-
-
income
9 566
11 850
-
-
total
9 566
11 850
-
-
Dividends
54 210
67 150
-
-
withholding
8 131
10 072
-
-
total
8 131
10 072
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 359
21 922
31 514
31 514
After tax
54 641
57 078
47 486
47 486
Living cost
8 563
8 563
8 563
8 563
Free-cash
46 078
48 515
38 923
38 923

Estimated living cost  is ₴8563 per week

₴5766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23498
₴31589
₴29261
₴31410
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
27 453
income
-
-
-
8 939
total
-
-
-
36 392
Employee
19 215
-
63 839
-
social contributions
2 114
-
7 023
-
surtax
-
-
-
-
income
3 754
-
19 971
-
total
5 868
-
26 994
-
Employer
19 215
-
63 839
-
social contributions
4 563
-
15 161
-
total
4 563
-
15 161
-
Corporate
55 222
79 000
-
-
surtax
-
-
-
-
income
11 597
16 590
-
-
total
11 597
16 590
-
-
Dividends
43 625
62 410
-
-
withholding
12 215
17 474
-
-
total
12 215
17 474
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 243
34 064
42 155
36 392
After tax
44 757
44 936
36 845
42 608
Living cost
13 347
13 347
13 347
13 347
Free-cash
31 410
31 589
23 498
29 261

Estimated living cost  is ₴13347 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24952
₴35359
₴27028
₴31986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46
unemployment
-
-
-
321
income
-
-
-
20 807
pensions
-
-
-
12 986
accident
-
-
-
413
total
-
-
-
34 573
Employee
23 910
-
64 371
-
pensions
1 124
-
2 157
-
unemployment
370
-
711
-
other
23
-
46
-
income
4 994
-
19 108
-
total
6 511
-
22 022
-
Employer
23 910
-
64 371
-
unemployment
1 315
-
2 523
-
accident
474
-
908
-
pensions
5 643
-
10 829
-
other
192
-
367
-
total
7 624
-
14 627
-
Corporate
47 468
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.

7 120
11 850
-
-
total
7 120
11 850
-
-
Dividends
40 347
67 150
-
-
withholding
8 360
14 392
-
-
total
8 360
14 392
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 615
26 242
36 649
34 573
After tax
49 385
52 758
42 351
44 427
Living cost
17 399
17 399
17 399
17 399
Free-cash
31 986
35 359
24 952
27 028

Estimated living cost  is ₴17399 per week

₴12495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57020
₴59025
₴54011
₴56007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
unemployment
-
-
-
69
income
-
-
-
11 850
pensions

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

-
-
-
2 560
health
-
-
-
1 990
total
-
-
-
16 469
Employee
11 282
-
75 606
-
health
519
-
796
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 519
-
income
1 128
-
7 561
-
total
2 761
-
10 066
-
Employer
11 282
-
75 606
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
779
-
1 194
-
pensions

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

1 243
-
1 906
-
total
2 214
-
3 394
-
Corporate
65 505
79 000
-
-
income
6 550
7 900
-
-
total
6 550
7 900
-
-
Dividends
58 954
71 100
-
-
withholding
2 948
3 555
-
-
total
2 948
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 473
11 455
13 460
16 469
After tax
64 527
67 545
65 540
62 531
Living cost
8 520
8 520
8 520
8 520
Free-cash
56 007
59 025
57 020
54 011

Estimated living cost  is ₴8520 per week

₴5635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31702
₴21556
₴23668
₴28035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 293
trade
-
-
-
8 034
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.

-
-
-
23 510
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.

-
-
-
3 382
total
-
-
-
36 219
Employee

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

24 633
-
79 000
-
health

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

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

3 382
-
3 382
-
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.

112
-
1 293
-
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.

2 026
-
23 510
-
total
5 520
-
28 185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 367
79 000
-
-
chamber of commerce
155
191
-
-
trade
7 801
11 337
-
-
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.

448
652
-
-
income
8 155
11 850
-
-
total
16 559
24 030
-
-
Dividends
37 808
54 971
-
-
withholding
9 264
13 555
-
-
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.

509
746
-
-
total
9 773
14 301
-
-
Income
79 000
79 000
79 000
79 000
Total tax
31 852
38 331
28 185
36 219
After tax
47 148
40 669
50 815
42 781
Living cost
19 113
19 113
19 113
19 113
Free-cash
28 035
21 556
31 702
23 668

Estimated living cost  is ₴19113 per week

₴13185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14392
₴27099
₴14392
₴28192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 417
social contributions
-
-
-
12 990
total
-
-
-
36 407
Employee
38 725
-
79 000
-
social contributions
3 217
-
12 990
-
income
7 307
-
23 417
-
total
10 524
-
36 407
-
Employer
38 725
-
79 000
-
total
-
-
-
-
Corporate
40 275
79 000
-
-
income
5 035
9 875
-
-
total
5 035
9 875
-
-
Dividends
35 240
69 125
-
-
withholding
7 048
13 825
-
-
total
7 048
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 607
23 700
36 407
36 407
After tax
56 393
55 300
42 593
42 593
Living cost
28 201
28 201
28 201
28 201
Free-cash
28 192
27 099
14 392
14 392

Estimated living cost  is ₴28201 per week

₴21455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
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.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38701
₴30763
₴43921
₴32494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
79 000
income
-
-
-
14 092
health

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

-
-
-
3 016
total
-
-
-
17 108
Employee
22 711
-
76 723
-
social contributions
2 275
-
2 277
-
income
2 464
-
17 774
-
total
4 739
-
20 051
-
Employer
22 711
-
76 723
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
54 014
79 000
-
-
income
18 905
27 650
-
-
total
18 905
27 650
-
-
Dividends
35 109
51 350
-
-
social contributions
2 616
2 616
-
-
total
2 616
2 616
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 535
30 266
22 328
17 108
After tax
50 465
48 734
56 672
61 892
Living cost
17 971
17 971
17 971
17 971
Free-cash
32 494
30 763
38 701
43 921

Estimated living cost  is ₴17971 per week

₴11838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
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.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27334
₴34147
₴34534
₴37097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 643
pensions
-
-
-
4 309
total
-
-
-
25 952
Employee
25 414
-
69 092
-
health
332
-
1 036
-
pensions
1 940
-
5 364
-
income
4 628
-
16 844
-
total
6 900
-
23 244
-
Employer
25 414
-
69 092
-
health
483
-
1 313
-
pensions
2 568
-
8 595
-
total
3 051
-
9 908
-
Corporate
50 536
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.

9 602
15 010
-
-
total
9 602
15 010
-
-
Dividends
40 934
63 990
-
-
withholding
3 836
11 329
-
-
total
3 836
11 329
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 389
26 339
33 152
25 952
After tax
55 611
52 661
45 848
53 048
Living cost
18 514
18 514
18 514
18 514
Free-cash
37 097
34 147
27 334
34 534

Estimated living cost  is ₴18514 per week

₴12701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30606
-₴5572
₴42068
₴4564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
186
income
-
-
-
21 461
pensions
-
-
-
2 091
accident
-
-
-
127
health
-
-
-
1 096
total
-
-
-
24 961
Employee
18 831
-
70 557
-
health
2 156
-
8 079
-
pensions
2 120
-
3 834
-
income
2 583
-
16 067
-
total
6 859
-
27 980
-
Employer
18 831
-
70 557
-
unemployment
461
-
1 729
-
accident
314
-
1 178
-
pensions
3 062
-
5 536
-
total
3 837
-
8 443
-
Corporate
56 332
79 000
-
-
income

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

50 699
71 100
-
-
total
50 699
71 100
-
-
Dividends
5 633
7 900
-
-
withholding
1 070
1 501
-
-
total
1 070
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
62 465
72 601
36 423
24 961
After tax
16 535
6 399
42 577
54 039
Living cost
11 971
11 971
11 971
11 971
Free-cash
4 564
-5 572
30 606
42 068

Estimated living cost  is ₴11971 per week

₴8785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48515
₴59786
₴37683
₴57468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
unemployment
-
-
-
948
health insurance
-
-
-
5 846
income
-
-
-
12 900
pensions
-
-
-
14 536
work injury
-
-
-
395
total
-
-
-
34 625
Employee

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

10 707
-
79 000
-
pensions
1 970
-
7 289
-
unemployment
128
-
475
-
work injury
54
-
198
-
health insurance
792
-
2 931
-
income
1 071
-
12 900
-
total
4 015
-
23 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 293
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%.

683
790
-
-
total
683
790
-
-
Dividends
67 611
78 210
-
-
withholding
10 142
11 732
-
-
total
10 142
11 732
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 840
12 522
23 793
34 625
After tax
64 160
66 478
55 207
44 375
Living cost
6 692
6 692
6 692
6 692
Free-cash
57 468
59 786
48 515
37 683

Estimated living cost  is ₴6692 per week

₴4146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14109
₴21890
₴17578
₴19637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
municipal
-
-
-
528
social contributions
-
-
-
20 319
national
-
-
-
19 052
regional
-
-
-
1 801
total
-
-
-
41 700
Employee
41 718
-
79 000
-
social contributions
14 067
-
26 639
-
national
7 050
-
16 461
-
regional
630
-
1 597
-
municipal
249
-
472
-
total
21 996
-
45 169
-
Employer
41 718
-
79 000
-
total
-
-
-
-
Corporate
37 282
79 000
-
-
municipal
1 797
3 808
-
-
nationa
8 948
18 960
-
-
total
10 745
22 768
-
-
Dividends
26 538
56 233
-
-
withholding
6 900
14 620
-
-
total
6 900
14 620
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 641
37 388
45 169
41 700
After tax
39 359
41 612
33 831
37 300
Living cost
19 722
19 722
19 722
19 722
Free-cash
19 637
21 890
14 109
17 578

Estimated living cost  is ₴19722 per week

₴13854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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