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
₴27611
₴36914
₴31595
₴26852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 303
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.

-
-
-
2 929
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.

-
-
-
24 805
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.

-
-
-
1 365
total
-
-
-
38 402
Employee

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

16 400
-
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.

25
-
1 365
-
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.

458
-
24 805
-
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.

2 929
-
2 929
-
total
3 412
-
29 099
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 600
79 000
-
-
trade
9 859
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.

517
652
-
-
income
9 390
11 850
-
-
chamber of commerce
155
179
-
-
total
19 921
25 124
-
-
Dividends
42 679
53 877
-
-
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.

578
731
-
-
withholding
10 507
13 306
-
-
total
11 085
14 037
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 418
39 161
29 099
38 402
After tax
44 582
39 839
49 901
40 598
Living cost
12 987
12 987
12 987
12 987
Free-cash
31 595
26 852
36 914
27 611

Estimated living cost  is ₴12987 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24601
₴25024
₴27298
₴27660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
849
municipal
-
-
-
8 681
national
-
-
-
13 753
pensions
-
-
-
9 480
total
-
-
-
32 763
Employee
33 540
-
68 295
-
pensions
1 342
-
2 732
-
national
6 420
-
14 423
-
municipal
4 143
-
8 987
-
total
11 905
-
26 142
-
Employer
33 540
-
68 295
-
pensions
2 683
-
5 464
-
social contributions
361
-
734
-
total
3 044
-
6 198
-
Corporate
40 203
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%.

8 041
15 800
-
-
total
8 041
15 800
-
-
Dividends
32 162
63 200
-
-
withholding
7 076
13 904
-
-
total
7 076
13 904
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 066
29 704
32 340
32 763
After tax
48 934
49 296
46 660
46 237
Living cost
21 636
21 636
21 636
21 636
Free-cash
27 298
27 660
25 024
24 601

Estimated living cost  is ₴21636 per week

₴14706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18640
₴24508
₴50763
₴54280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 000
social contributions

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

-
-
-
16 428
income
-
-
-
14 867
microenterprise
-
-
-
-
surtax
-
-
-
20 145
total
-
-
-
51 440
Employee
12 529
-
60 081
-
income
2 230
-
12 320
-
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.

1 378
-
5 621
-
surtax
-
-
8 712
-
total
3 608
-
26 653
-
Employer
12 529
-
60 081
-
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.

3 018
-
12 310
-
surtax
-
-
6 609
-
total
3 018
-
18 919
-
Corporate
63 453
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%.

12 691
15 800
-
-
total
12 691
15 800
-
-
Dividends

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

50 762
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
19 317
15 800
45 572
51 440
After tax
59 683
63 200
33 428
27 560
Living cost
8 920
8 920
8 920
8 920
Free-cash
50 763
54 280
24 508
18 640

Estimated living cost  is ₴8920 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴2177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25410
₴31771
₴18577
₴21202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
health
-
-
-
5 287
income
-
-
-
25 317
pensions
-
-
-
5 024
total
-
-
-
35 628
Employee
36 616
36 616
71 032
-
income

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

5 993
5 993
10 987
-
pensions
6 591
5 024
5 024
-
health
5 620
4 780
5 287
-
total
18 204
15 797
21 298
-
Employer
36 616
36 616
71 032
-
pensions
2 548
2 548
3 168
-
health
2 545
2 545
3 163
-
unemployment
1 318
1 318
1 638
-
total
6 411
6 411
7 969
-
Corporate
36 422
35 973
-
-
income
7 284
7 195
-
-
total
7 284
7 195
-
-
Dividends
29 138
28 778
-
-
withholding
4 370
4 317
-
-
income
6 192
6 116
-
-
total
10 562
10 433
-
-
Income
79 000
79 000
79 000
79 000
Total tax
42 461
39 836
29 267
35 628
After tax
36 539
39 164
49 733
43 372
Living cost
17 962
17 962
17 962
17 962
Free-cash
18 577
21 202
31 771
25 410

Estimated living cost  is ₴17962 per week

₴12729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴23693
₴23292
₴26272
₴26642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 200
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
20 435
health
-
-
-
2 255
national
-
-
-
7 910
pensions
-
-
-
3 907
total
-
-
-
38 815
Employee
23 499
-
67 644
-
national
-
-
7 689
-
municipal
7 007
-
20 171
-
total
7 007
-
27 860
-
Employer
23 499
-
67 644
-
pensions
2 540
-
3 907
-
other
2 731
-
4 200
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 383
-
11 356
-
Corporate
48 118
79 000
-
-
income
10 586
17 380
-
-
total
10 586
17 380
-
-
Dividends
37 532
61 620
-
-
withholding
11 260
18 486
-
-
total
11 260
18 486
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 236
35 866
39 216
38 815
After tax
42 764
43 134
39 784
40 185
Living cost
16 492
16 492
16 492
16 492
Free-cash
26 272
26 642
23 292
23 693

Estimated living cost  is ₴16492 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23341
₴33057
₴28614
₴22589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 716
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.

-
-
-
2 929
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.

-
-
-
24 805
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.

-
-
-
1 365
total
-
-
-
38 815
Employee

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

21 744
-
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.

103
-
1 365
-
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.

1 868
-
24 805
-
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.

2 929
-
2 929
-
total
4 900
-
29 099
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 256
79 000
-
-
trade
9 418
12 995
-
-
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.

473
652
-
-
income
8 588
11 850
-
-
chamber of commerce
146
177
-
-
total
18 625
25 674
-
-
Dividends
38 630
53 326
-
-
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.

522
724
-
-
withholding
9 495
13 169
-
-
total
10 017
13 893
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 542
39 567
29 099
38 815
After tax
45 458
39 433
49 901
40 185
Living cost
16 844
16 844
16 844
16 844
Free-cash
28 614
22 589
33 057
23 341

Estimated living cost  is ₴16844 per week

₴11265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39915
₴39230
₴41936
₴43714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
2 015
income
-
-
-
16 226
total
-
-
-
25 178
Employee
32 971
32 971
73 941
-
income
3 462
3 052
15 856
-
social contributions
1 602
2 736
3 691
-
health
328
561
1 257
-
total
5 392
6 349
20 804
-
Employer
32 971
32 971
73 941
-
health
357
610
1 368
-
social contributions
1 602
2 736
3 691
-
total
1 959
3 346
5 059
-
Corporate
57 741
42 683
-
-
income
7 217
5 335
-
-
total
7 217
5 335
-
-
Dividends
50 524
37 347
-
-
withholding
8 589
6 349
-
-
total
8 589
6 349
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 157
21 379
25 863
25 178
After tax
55 843
57 621
53 137
53 822
Living cost
13 907
13 907
13 907
13 907
Free-cash
41 936
43 714
39 230
39 915

Estimated living cost  is ₴13907 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
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.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46906
₴37975
₴36714
₴36551
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
66 109
-
income
1 380
549
8 082
-
pensions
1 129
449
6 611
-
unemployment
169
67
992
-
health
790
315
4 628
-
total
3 468
1 380
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.

11 289
4 493
66 109
-
pensions
2 201
876
12 891
-
total
2 201
876
12 891
-
Corporate
65 510
73 631
-
-
income
5 896
6 627
-
-
total
5 896
6 627
-
-
Dividends
59 614
67 004
-
-
social contributions
11 573
13 014
-
-
withholding
11 327
12 731
-
-
total
22 900
25 745
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 465
34 628
33 204
24 273
After tax
44 535
44 372
45 796
54 727
Living cost
7 821
7 821
7 821
7 821
Free-cash
36 714
36 551
37 975
46 906

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31988
₴35178
₴50181
₴52844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
health
-
-
-
10 270
income
-
-
-
10 586
pensions
-
-
-
15 800
total
-
-
-
36 656
Employee
12 164
-
59 043
-
income
1 369
-
11 383
-
pensions
243
-
1 181
-
unemployment
194
-
945
-
total
1 806
-
13 509
-
Employer
12 164
-
59 043
-
pensions
2 433
-
11 809
-
health
1 581
-
7 675
-
unemployment
98
-
473
-
total
4 112
-
19 957
-
Corporate
62 725
79 000
-
-
income
12 545
15 800
-
-
total
12 545
15 800
-
-
Dividends
50 179
63 200
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
18 463
15 800
33 466
36 656
After tax
60 537
63 200
45 534
42 344
Living cost
10 356
10 356
10 356
10 356
Free-cash
50 181
52 844
35 178
31 988

Estimated living cost  is ₴10356 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44594
₴33645
₴4957
-₴2999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
22 033
pensions
-
-
-
1 777
total
-
-
-
25 008
Employee
14 784
-
71 354
-
income
2 028
-
16 882
-
pensions
1 665
-
3 259
-
health
1 693
-
8 170
-
total
5 386
-
28 311
-
Employer
14 784
-
71 354
-
pensions
2 404
-
4 706
-
accident
247
-
1 192
-
unemployment
362
-
1 748
-
total
3 013
-
7 646
-
Corporate
61 203
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.

55 083
71 100
-
-
total
55 083
71 100
-
-
Dividends
6 120
7 900
-
-
withholding
1 163
1 501
-
-
total
1 163
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
64 645
72 601
35 957
25 008
After tax
14 355
6 399
43 043
53 992
Living cost
9 398
9 398
9 398
9 398
Free-cash
4 957
-2 999
33 645
44 594

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74346
₴59336
₴70462
₴71186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 830
-
79 000
-
income
966
-
15 800
-
total
966
-
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%.

74 170
79 000
-
-
total
-
-
-
-
Dividends
74 170
79 000
-
-
withholding
3 708
3 950
-
-
total
3 708
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
4 674
3 950
15 800
790
After tax
74 326
75 050
63 200
78 210
Living cost
3 864
3 864
3 864
3 864
Free-cash
70 462
71 186
59 336
74 346

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33428
₴33264
₴43721
₴46616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 097
health
-
-
-
2 869
income
-
-
-
12 532
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.

-
-
-
15 649
total
-
-
-
34 147
Employee
15 568
-
63 099
-
income
2 680
-
12 478
-
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.

1 090
-
4 417
-
unemployment
155
-
631
-
health
218
-
884
-
total
4 143
-
18 410
-
Employer
15 568
-
63 099
-
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.

2 647
-
10 727
-
other
779
-
3 155
-
accident
124
-
504
-
health
218
-
884
-
unemployment
155
-
631
-
total
3 923
-
15 901
-
Corporate
59 508
79 000
-
-
income
12 497
16 590
-
-
total
12 497
16 590
-
-
Dividends
47 012
62 410
-
-
withholding
3 291
4 369
-
-
total
3 291
4 369
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 854
20 959
34 311
34 147
After tax
55 146
58 041
44 689
44 853
Living cost
11 425
11 425
11 425
11 425
Free-cash
43 721
46 616
33 264
33 428

Estimated living cost  is ₴11425 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23311
₴16179
₴24418
₴22538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 899
pensions
-
-
-
3 942
total
-
-
-
26 841
Employee
40 816
-
68 983
-
income
7 357
-
18 142
-
pensions
3 938
-
4 826
-
health
673
-
988
-
total
11 968
-
23 956
-
Employer
40 816
-
68 983
-
pensions
4 819
-
8 706
-
health
775
-
1 311
-
total
5 594
-
10 017
-
Corporate
32 590
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.

6 192
15 010
-
-
total
6 192
15 010
-
-
Dividends
26 398
63 990
-
-
withholding
1 980
12 604
-
-
total
1 980
12 604
-
-
Income
79 000
79 000
79 000
79 000
Total tax
25 734
27 614
33 973
26 841
After tax
53 266
51 386
45 027
52 159
Living cost
28 848
28 848
28 848
28 848
Free-cash
24 418
22 538
16 179
23 311

Estimated living cost  is ₴28848 per week

₴21616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57527
₴60662
₴59930
₴61922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 723
income
-
-
-
11 850
pensions

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

-
-
-
2 217
total
-
-
-
15 850
Employee
7 446
-
76 061
-
income
744
-
7 606
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
9 775
-
Employer
7 446
-
76 061
-
pensions

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

821
-
1 651
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 034
-
unemployment
45
-
90
-
total
1 462
-
2 940
-
Corporate
70 093
79 000
-
-
income
7 009
7 900
-
-
total
7 009
7 900
-
-
Dividends
63 084
71 100
-
-
withholding
3 154
3 555
-
-
total
3 154
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
13 447
11 455
12 715
15 850
After tax
65 553
67 545
66 285
63 150
Living cost
5 623
5 623
5 623
5 623
Free-cash
59 930
61 922
60 662
57 527

Estimated living cost  is ₴5623 per week

₴3283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19596
₴25957
₴16467
₴15388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
health
-
-
-
5 287
income
-
-
-
25 317
pensions
-
-
-
5 024
total
-
-
-
35 628
Employee
39 753
36 616
71 032
-
income

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

5 993
5 993
10 987
-
pensions
5 024
5 024
5 024
-
health
4 959
4 780
5 287
-
total
15 976
15 797
21 298
-
Employer
39 753
36 616
71 032
-
pensions
2 767
2 548
3 168
-
health
2 762
2 545
3 163
-
unemployment
1 431
1 318
1 638
-
total
6 960
6 411
7 969
-
Corporate
32 287
35 973
-
-
income
6 457
7 195
-
-
total
6 457
7 195
-
-
Dividends
25 830
28 778
-
-
withholding
3 875
4 317
-
-
income
5 489
6 116
-
-
total
9 364
10 433
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 757
39 836
29 267
35 628
After tax
40 243
39 164
49 733
43 372
Living cost
23 776
23 776
23 776
23 776
Free-cash
16 467
15 388
25 957
19 596

Estimated living cost  is ₴23776 per week

₴17539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34997
₴31628
₴40420
₴44094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
10 665
income
-
-
-
8 027
solidarity contribution
-
-
-
194
total
-
-
-
33 705
Employee
15 145
-
60 837
-
income
1 817
-
7 399
-
solidarity contribution
-
-
-
-
social contributions
984
-
3 299
-
health
2 045
-
8 213
-
total
4 846
-
18 911
-
Employer
15 145
-
60 837
-
health
1 363
-
5 475
-
social contributions
3 786
-
12 688
-
total
5 149
-
18 163
-
Corporate
58 706
79 000
-
-
income
11 154
15 010
-
-
total
11 154
15 010
-
-
Dividends
47 552
63 990
-
-
withholding
7 133
9 598
-
-
total
7 133
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 282
24 608
37 074
33 705
After tax
50 718
54 392
41 926
45 295
Living cost
10 298
10 298
10 298
10 298
Free-cash
40 420
44 094
31 628
34 997

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
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.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19461
₴15891
₴21816
₴24057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 318
municipal
-
-
-
469
national
-
-
-
19 723
regional
-
-
-
936
total
-
-
-
41 446
Employee
38 107
-
79 000
-
national
6 603
-
17 131
-
social contributions
12 850
-
26 639
-
municipal
202
-
419
-
regional
360
-
827
-
total
20 015
-
45 016
-
Employer
38 107
-
79 000
-
total
-
-
-
-
Corporate
40 893
79 000
-
-
nationa
9 815
18 960
-
-
municipal
1 595
3 081
-
-
total
11 410
22 041
-
-
Dividends
29 484
56 959
-
-
withholding
7 666
14 809
-
-
total
7 666
14 809
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 091
36 850
45 016
41 446
After tax
39 909
42 150
33 984
37 554
Living cost
18 093
18 093
18 093
18 093
Free-cash
21 816
24 057
15 891
19 461

Estimated living cost  is ₴18093 per week

₴12612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
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.
₴4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27876
₴25254
₴38896
₴40229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
22 506
surtax
-
-
-
3 550
pensions
-
-
-
11 445
total
-
-
-
41 662
Employee
14 179
-
66 954
-
income
2 377
-
19 942
-
pensions
945
-
3 817
-
unemployment
987
-
3 983
-
health
362
-
1 459
-
other
-
-
-
-
surtax
46
-
3 037
-
total
4 717
-
32 238
-
Employer
14 179
-
66 954
-
pensions
1 890
-
7 628
-
other
-
-
-
-
health
645
-
2 604
-
unemployment
449
-
1 814
-
total
2 984
-
12 046
-
Corporate
61 836
79 000
-
-
income
16 078
20 540
-
-
total
16 078
20 540
-
-
Dividends
45 759
58 460
-
-
withholding
6 863
8 769
-
-
total
6 863
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 642
29 309
44 284
41 662
After tax
48 358
49 691
34 716
37 338
Living cost
9 462
9 462
9 462
9 462
Free-cash
38 896
40 229
25 254
27 876

Estimated living cost  is ₴9462 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32451
₴25319
₴34527
₴31678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 899
pensions
-
-
-
3 942
total
-
-
-
26 841
Employee
27 354
-
68 983
-
income
4 927
-
18 142
-
pensions
2 322
-
4 826
-
health
397
-
988
-
total
7 646
-
23 956
-
Employer
27 354
-
68 983
-
pensions
2 961
-
8 706
-
health
520
-
1 311
-
total
3 481
-
10 017
-
Corporate
48 166
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.

9 152
15 010
-
-
total
9 152
15 010
-
-
Dividends
39 014
63 990
-
-
withholding
4 486
12 604
-
-
total
4 486
12 604
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 765
27 614
33 973
26 841
After tax
54 235
51 386
45 027
52 159
Living cost
19 708
19 708
19 708
19 708
Free-cash
34 527
31 678
25 319
32 451

Estimated living cost  is ₴19708 per week

₴14765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31169
₴27622
₴17580
₴3713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
other

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

-
-
-
1 580
health
-
-
-
178
city
-
-
-
832
national
-
-
-
1 516
regional
-
-
-
4 046
pensions
-
-
-
7 268
total
-
-
-
15 420
Employee
37 929
-
70 719
-
pensions
3 187
-
5 930
-
national
180
-
1 120
-
unemployment
-
-
-
-
city
407
-
760
-
health
86
-
159
-
regional
1 242
-
3 495
-
total
5 102
-
11 464
-
Employer
37 929
-
70 719
-
pensions
3 187
-
5 930
-
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.

758
-
1 414
-
health
86
-
159
-
unemployment
-
-
-
-
total
4 031
-
7 503
-
Corporate
36 623
79 000
-
-
regional
7 746
16 709
-
-
national
3 113
6 715
-
-
total
10 859
23 424
-
-
Dividends
25 764
55 576
-
-
withholding
9 017
19 452
-
-
total
9 017
19 452
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 009
42 876
18 967
15 420
After tax
49 991
36 124
60 033
63 580
Living cost
32 411
32 411
32 411
32 411
Free-cash
17 580
3 713
27 622
31 169

Estimated living cost  is ₴32411 per week

₴21076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20129
₴30259
₴26337
₴19383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 130
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.

-
-
-
2 929
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.

-
-
-
24 805
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.

-
-
-
1 365
total
-
-
-
39 229
Employee

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

25 769
-
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.

167
-
1 365
-
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.

3 030
-
24 805
-
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.

2 929
-
2 929
-
total
6 126
-
29 099
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 231
79 000
-
-
trade
9 129
13 549
-
-
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.

439
652
-
-
income
7 985
11 850
-
-
chamber of commerce
140
177
-
-
total
17 693
26 228
-
-
Dividends
35 538
52 773
-
-
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.

480
717
-
-
withholding
8 722
13 030
-
-
total
9 202
13 747
-
-
Income
79 000
79 000
79 000
79 000
Total tax
33 021
39 975
29 099
39 229
After tax
45 979
39 025
49 901
39 771
Living cost
19 642
19 642
19 642
19 642
Free-cash
26 337
19 383
30 259
20 129

Estimated living cost  is ₴19642 per week

₴14346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29794
₴28347
₴27678
₴25145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 449
social contributions
-
-
-
2 251
health
-
-
-
3 448
income
-
-
-
12 633
surtax
-
-
-
-
pensions
-
-
-
13 755
total
-
-
-
34 536
Employee
18 351
-
61 022
-
income
1 083
-
11 976
-
pensions
2 075
-
4 292
-
social contributions
523
-
1 738
-
surtax
-
-
-
-
total
3 681
-
18 006
-
Employer
18 351
-
61 022
-
pensions
3 015
-
7 218
-
other
633
-
2 401
-
health
1 285
-
5 704
-
unemployment
743
-
2 471
-
social contributions
55
-
183
-
total
5 731
-
17 977
-
Corporate
54 918
79 000
-
-
surtax
-
-
-
-
income
15 377
22 120
-
-
total
15 377
22 120
-
-
Dividends
39 541
56 880
-
-
surtax
-
-
-
-
social contributions
6 802
9 784
-
-
withholding
5 061
7 281
-
-
total
11 863
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 652
39 185
35 983
34 536
After tax
42 348
39 815
43 017
44 464
Living cost
14 670
14 670
14 670
14 670
Free-cash
27 678
25 145
28 347
29 794

Estimated living cost  is ₴14670 per week

₴9250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31248
₴29801
₴28981
₴26599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 449
social contributions
-
-
-
2 251
health
-
-
-
3 448
income
-
-
-
12 633
surtax
-
-
-
-
pensions
-
-
-
13 755
total
-
-
-
34 536
Employee
16 381
-
61 022
-
income
845
-
11 976
-
pensions
1 853
-
4 292
-
social contributions
467
-
1 738
-
surtax
-
-
-
-
total
3 165
-
18 006
-
Employer
16 381
-
61 022
-
pensions
2 692
-
7 218
-
other
566
-
2 401
-
health
1 146
-
5 704
-
unemployment
663
-
2 471
-
social contributions
49
-
183
-
total
5 116
-
17 977
-
Corporate
57 504
79 000
-
-
surtax
-
-
-
-
income
16 101
22 120
-
-
total
16 101
22 120
-
-
Dividends
41 403
56 880
-
-
surtax
-
-
-
-
social contributions
7 121
9 784
-
-
withholding
5 300
7 281
-
-
total
12 421
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 803
39 185
35 983
34 536
After tax
42 197
39 815
43 017
44 464
Living cost
13 216
13 216
13 216
13 216
Free-cash
28 981
26 599
29 801
31 248

Estimated living cost  is ₴13216 per week

₴7665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41642
₴39911
₴39327
₴39106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 514
income
-
-
-
11 850
total
-
-
-
28 266
Employee
14 538
-
79 000
-
income
2 425
-
13 581
-
social contributions
2 007
-
10 902
-
health
1 015
-
5 514
-
total
5 447
-
29 997
-
Employer
14 538
-
79 000
-
total
-
-
-
-
Corporate
64 462
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%.

3 223
3 950
-
-
total
3 223
3 950
-
-
Dividends
61 239
75 050
-
-
social contributions
8 451
10 357
-
-
health
4 274
5 238
-
-
withholding
9 186
11 257
-
-
total
21 911
26 852
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 581
30 802
29 997
28 266
After tax
48 419
48 198
49 003
50 734
Living cost
9 092
9 092
9 092
9 092
Free-cash
39 327
39 106
39 911
41 642

Estimated living cost  is ₴9092 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25447
₴5789
₴27907
₴28569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
316
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
22 315
surtax
-
-
-
85
pensions
-
-
-
9 267
total
-
-
-
38 445
Employee
21 428
17 087
63 519
-
income
2 439
1 260
18 079
-
pensions
2 194
1 749
5 129
-
unemployment
643
513
1 503
-
health
829
662
1 938
-
other
214
171
501
-
total
6 319
4 355
27 150
-
Employer
21 428
17 087
63 519
-
pensions
2 689
2 145
6 286
-
other
1 018
811
2 902
-
accident
278
222
651
-
health
810
646
1 893
-
payroll
643
513
1 906
-
chamber of commerce
85
68
254
-
unemployment
643
513
1 503
-
surtax
85
85
85
-
total
6 251
5 003
15 480
-
Corporate
51 321
56 910
61 892
-
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.

12 830
14 227
15 473
-
total
12 830
14 227
15 473
-
Dividends
38 491
42 683
-
-
withholding
10 585
11 738
-
-
total
10 585
11 738
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 985
35 323
58 103
38 445
After tax
43 015
43 677
20 897
40 555
Living cost
15 108
15 108
15 108
15 108
Free-cash
27 907
28 569
5 789
25 447

Estimated living cost  is ₴15108 per week

₴10077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18638
₴11986
₴22109
₴28541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 690
communal

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

-
-
-
4 099
national
-
-
-
29 939
total
-
-
-
44 728
Employee

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

30 671
-
61 187
-
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.

2 300
-
4 589
-
national
9 429
-
22 379
-
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.

267
-
532
-
communal

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

1 600
-
3 191
-
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.

1 441
-
2 876
-
total
15 037
-
33 567
-
Employer

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

30 671
-
61 187
-
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.

2 718
-
5 422
-
accident

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

399
-
796
-
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.

1 886
-
3 763
-
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.

448
-
893
-
surtax
3 478
-
6 939
-
total
8 929
-
17 813
-
Corporate
39 402
79 000
-
-
surtax
158
316
-
-
income
7 880
15 800
-
-
total
8 038
16 116
-
-
Dividends
31 363
62 884
-
-
withholding

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

9 253
18 709
-
-
total
9 253
18 709
-
-
Income
79 000
79 000
79 000
79 000
Total tax
41 257
34 825
51 380
44 728
After tax
37 743
44 175
27 620
34 272
Living cost
15 634
15 634
15 634
15 634
Free-cash
22 109
28 541
11 986
18 638

Estimated living cost  is ₴15634 per week

₴10070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28810
₴27011
₴34196
₴37132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
22 782
pensions
-
-
-
11 247
total
-
-
-
34 705
Employee
21 343
-
66 330
-
income
4 503
-
21 310
-
pensions
1 003
-
1 868
-
unemployment
331
-
616
-
other
21
-
40
-
total
5 858
-
23 834
-
Employer
21 343
-
66 330
-
pensions
5 037
-
9 379
-
other
170
-
318
-
accident
422
-
787
-
unemployment
1 174
-
2 186
-
total
6 803
-
12 670
-
Corporate
50 853
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.

7 628
11 850
-
-
total
7 628
11 850
-
-
Dividends
43 225
67 150
-
-
withholding
9 030
14 533
-
-
total
9 030
14 533
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 319
26 383
36 504
34 705
After tax
49 681
52 617
42 496
44 295
Living cost
15 485
15 485
15 485
15 485
Free-cash
34 196
37 132
27 011
28 810

Estimated living cost  is ₴15485 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15369
₴18519
₴17073
₴22668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
accident
-
-
-
666
health
-
-
-
5 550
income
-
-
-
13 364
communal
-
-
-
4 993
surtax
-
-
-
3 916
pensions
-
-
-
11 841
total
-
-
-
40 330
Employee
32 471
-
70 567
-
income
3 136
-
15 638
-
pensions
2 597
-
5 645
-
health
1 445
-
3 140
-
surtax
1 990
-
4 325
-
total
9 168
-
28 748
-
Employer
32 471
-
70 567
-
pensions
2 597
-
5 645
-
accident
292
-
635
-
health
990
-
2 152
-
total
3 879
-
8 432
-
Corporate
42 650
79 000
-
-
communal
2 879
5 333
-
-
surtax
448
829
-
-
income
6 397
11 850
-
-
total
9 724
18 012
-
-
Dividends
32 926
60 988
-
-
withholding
4 939
9 148
-
-
income
10 916
5 871
-
-
total
15 855
15 019
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 626
33 031
37 180
40 330
After tax
40 374
45 969
41 820
38 670
Living cost
23 301
23 301
23 301
23 301
Free-cash
17 073
22 668
18 519
15 369

Estimated living cost  is ₴23301 per week

₴17479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27707
₴25085
₴38697
₴40060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 063
income
-
-
-
22 506
surtax
-
-
-
3 550
pensions
-
-
-
11 445
total
-
-
-
41 662
Employee
14 440
-
66 954
-
income
2 421
-
19 942
-
pensions
963
-
3 817
-
unemployment
1 005
-
3 983
-
health
369
-
1 459
-
other
-
-
-
-
surtax
51
-
3 037
-
total
4 809
-
32 238
-
Employer
14 440
-
66 954
-
pensions
1 925
-
7 628
-
other
-
-
-
-
health
657
-
2 604
-
unemployment
458
-
1 814
-
total
3 040
-
12 046
-
Corporate
61 520
79 000
-
-
income
15 995
20 540
-
-
total
15 995
20 540
-
-
Dividends
45 525
58 460
-
-
withholding
6 828
8 769
-
-
total
6 828
8 769
-
-
Income
79 000
79 000
79 000
79 000
Total tax
30 672
29 309
44 284
41 662
After tax
48 328
49 691
34 716
37 338
Living cost
9 631
9 631
9 631
9 631
Free-cash
38 697
40 060
25 085
27 707

Estimated living cost  is ₴9631 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25748
₴22198
₴29022
₴29975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 318
municipal
-
-
-
469
national
-
-
-
19 723
regional
-
-
-
1 192
total
-
-
-
41 702
Employee
23 785
-
79 000
-
national
3 768
-
17 131
-
social contributions
8 020
-
26 639
-
municipal
126
-
419
-
regional
320
-
1 063
-
total
12 234
-
45 252
-
Employer
23 785
-
79 000
-
total
-
-
-
-
Corporate
55 215
79 000
-
-
nationa
13 252
18 960
-
-
municipal
2 745
3 926
-
-
total
15 997
22 886
-
-
Dividends
39 219
56 114
-
-
withholding
10 197
14 589
-
-
total
10 197
14 589
-
-
Income
79 000
79 000
79 000
79 000
Total tax
38 428
37 475
45 252
41 702
After tax
40 572
41 525
33 748
37 298
Living cost
11 550
11 550
11 550
11 550
Free-cash
29 022
29 975
22 198
25 748

Estimated living cost  is ₴11550 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32605
₴29236
₴37174
₴41702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 819
health
-
-
-
10 665
income
-
-
-
8 027
solidarity contribution
-
-
-
194
total
-
-
-
33 705
Employee
18 662
-
60 837
-
income
2 239
-
7 399
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 299
-
health
2 519
-
8 213
-
total
5 971
-
18 911
-
Employer
18 662
-
60 837
-
health
1 680
-
5 475
-
social contributions
4 666
-
12 688
-
total
6 346
-
18 163
-
Corporate
53 993
79 000
-
-
income
10 259
15 010
-
-
total
10 259
15 010
-
-
Dividends
43 734
63 990
-
-
withholding
6 560
9 598
-
-
total
6 560
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 136
24 608
37 074
33 705
After tax
49 864
54 392
41 926
45 295
Living cost
12 690
12 690
12 690
12 690
Free-cash
37 174
41 702
29 236
32 605

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26961
₴7239
₴29834
₴30045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
316
unemployment
-
-
-
2 630
health
-
-
-
3 832
income
-
-
-
22 315
surtax
-
-
-
-
pensions
-
-
-
9 267
total
-
-
-
38 360
Employee
18 743
17 087
63 598
-
income
1 670
1 260
18 117
-
pensions
1 919
1 749
5 129
-
unemployment
562
513
1 503
-
health
725
662
1 938
-
other
187
171
501
-
total
5 063
4 355
27 188
-
Employer
18 743
17 087
63 598
-
pensions
2 352
2 145
6 286
-
other
890
811
2 906
-
accident
243
222
651
-
health
709
646
1 893
-
payroll
562
513
1 908
-
chamber of commerce
75
68
255
-
unemployment
562
513
1 503
-
surtax
-
-
-
-
total
5 393
4 918
15 402
-
Corporate
54 863
56 995
61 970
-
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.

13 715
14 248
15 492
-
total
13 715
14 248
15 492
-
Dividends
41 148
42 746
-
-
withholding
11 316
11 755
-
-
total
11 316
11 755
-
-
Income
79 000
79 000
79 000
79 000
Total tax
35 487
35 276
58 082
38 360
After tax
43 513
43 724
20 918
40 640
Living cost
13 679
13 679
13 679
13 679
Free-cash
29 834
30 045
7 239
26 961

Estimated living cost  is ₴13679 per week

₴8206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72188
₴57178
₴67898
₴69028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 528
-
79 000
-
income
1 506
-
15 800
-
total
1 506
-
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%.

71 472
79 000
-
-
total
-
-
-
-
Dividends
71 472
79 000
-
-
withholding
3 574
3 950
-
-
total
3 574
3 950
-
-
Income
79 000
79 000
79 000
79 000
Total tax
5 080
3 950
15 800
790
After tax
73 920
75 050
63 200
78 210
Living cost
6 022
6 022
6 022
6 022
Free-cash
67 898
69 028
57 178
72 188

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26906
₴24812
₴39304
₴42891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
119
health
-
-
-
7 774
income
-
-
-
18 273
pensions
-
-
-
14 427
total
-
-
-
40 593
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.

18 961
-
68 357
-
income
3 270
-
16 935
-
pensions
2 939
-
10 596
-
unemployment
27
-
96
-
health
1 225
-
4 416
-
total
7 461
-
32 043
-
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.

18 961
-
68 357
-
pensions
1 678
-
6 050
-
health
1 263
-
4 553
-
unemployment
11
-
41
-
total
2 952
-
10 644
-
Corporate
57 087
79 000
-
-
income
10 846
15 010
-
-
total
10 846
15 010
-
-
Dividends
46 241
63 990
-
-
withholding
6 936
9 598
-
-
total
6 936
9 598
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 195
24 608
42 687
40 593
After tax
50 805
54 392
36 313
38 407
Living cost
11 501
11 501
11 501
11 501
Free-cash
39 304
42 891
24 812
26 906

Estimated living cost  is ₴11501 per week

₴7893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36133
₴54909
₴9249
₴29602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 473
-
-
-
income
5 839
-
-
-
social contributions
2 171
-
309
-
total
8 010
-
309
-
Employer
26 473
-
-
-
social contributions
37 326
-
5 320
-
total
37 326
-
5 320
-
Corporate
15 201
79 000
-
-
income
3 344
17 380
-
-
total
3 344
17 380
-
-
Dividends
11 857
61 620
-
-
income
2 609
13 556
-
-
total
2 609
13 556
-
-
Income
79 000
79 000
79 000
79 000
Total tax
51 289
30 936
5 629
24 405
After tax
27 711
48 064
73 371
54 595
Living cost
18 462
18 462
18 462
18 462
Free-cash
9 249
29 602
54 909
36 133

Estimated living cost  is ₴18462 per week

₴11979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28636
₴22647
₴31053
₴31486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
social contributions

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

-
-
-
27 453
income
-
-
-
9 462
surtax
-
-
-
-
total
-
-
-
36 915
Employee
19 720
-
63 839
-
income
4 102
-
20 721
-
social contributions
2 169
-
7 022
-
surtax
-
-
-
-
total
6 271
-
27 743
-
Employer
19 720
-
63 839
-
social contributions
4 684
-
15 161
-
total
4 684
-
15 161
-
Corporate
54 596
79 000
-
-
surtax
-
-
-
-
income
11 466
16 590
-
-
total
11 466
16 590
-
-
Dividends
43 131
62 410
-
-
withholding
12 077
17 475
-
-
total
12 077
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 498
34 065
42 904
36 915
After tax
44 502
44 935
36 096
42 085
Living cost
13 449
13 449
13 449
13 449
Free-cash
31 053
31 486
22 647
28 636

Estimated living cost  is ₴13449 per week

₴10063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23755
₴22308
₴22053
₴19106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 449
social contributions
-
-
-
2 251
health
-
-
-
3 448
income
-
-
-
12 633
surtax
-
-
-
-
pensions
-
-
-
13 755
total
-
-
-
34 536
Employee
26 855
-
61 022
-
income
2 343
-
11 976
-
pensions
3 037
-
4 292
-
social contributions
765
-
1 738
-
surtax
-
-
-
-
total
6 145
-
18 006
-
Employer
26 855
-
61 022
-
pensions
4 413
-
7 218
-
other
927
-
2 401
-
health
1 880
-
5 704
-
unemployment
1 088
-
2 471
-
social contributions
81
-
183
-
total
8 389
-
17 977
-
Corporate
43 758
79 000
-
-
surtax
-
-
-
-
income
12 252
22 120
-
-
total
12 252
22 120
-
-
Dividends
31 505
56 880
-
-
surtax
-
-
-
-
social contributions
5 419
9 784
-
-
withholding
4 033
7 281
-
-
total
9 452
17 065
-
-
Income
79 000
79 000
79 000
79 000
Total tax
36 238
39 185
35 983
34 536
After tax
42 762
39 815
43 017
44 464
Living cost
20 709
20 709
20 709
20 709
Free-cash
22 053
19 106
22 308
23 755

Estimated living cost  is ₴20709 per week

₴14016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45173
₴47272
₴56770
₴58211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 380
income
-
-
-
3 558
total
-
-
-
20 938
Employee
13 785
-
68 399
-
social contributions
896
-
4 446
-
income
-
-
3 792
-
total
896
-
8 238
-
Employer
13 785
-
68 399
-
social contributions
2 137
-
10 601
-
total
2 137
-
10 601
-
Corporate
63 079
79 000
-
-
income
6 308
7 900
-
-
total
6 308
7 900
-
-
Dividends
56 771
71 100
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
9 341
7 900
18 839
20 938
After tax
69 659
71 100
60 161
58 062
Living cost
12 889
12 889
12 889
12 889
Free-cash
56 770
58 211
47 272
45 173

Estimated living cost  is ₴12889 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25735
-₴14462
-₴14462
-₴14462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 558
national
-
-
-
9 386
labour market
-
-
-
6 290
pensions
-
-
-
372
total
-
-
-
32 606
Employee
87 196
87 196
87 196
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 653
10 653
10 653
-
municipal
18 568
18 568
18 568
-
total
36 311
36 311
36 311
-
Employer
87 196
87 196
87 196
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 000
79 000
79 000
79 000
Total tax
72 803
72 803
72 803
32 606
After tax
6 197
6 197
6 197
46 394
Living cost
20 659
20 659
20 659
20 659
Free-cash
-14 462
-14 462
-14 462
25 735

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44732
₴33783
₴4979
-₴2861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
22 033
pensions
-
-
-
1 777
total
-
-
-
25 008
Employee
14 566
-
71 354
-
income
1 998
-
16 882
-
pensions
1 640
-
3 259
-
health
1 668
-
8 170
-
total
5 306
-
28 311
-
Employer
14 566
-
71 354
-
pensions
2 368
-
4 706
-
accident
243
-
1 192
-
unemployment
357
-
1 748
-
total
2 968
-
7 646
-
Corporate
61 465
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.

55 319
71 100
-
-
total
55 319
71 100
-
-
Dividends
6 146
7 900
-
-
withholding
1 168
1 501
-
-
total
1 168
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
64 761
72 601
35 957
25 008
After tax
14 239
6 399
43 043
53 992
Living cost
9 260
9 260
9 260
9 260
Free-cash
4 979
-2 861
33 783
44 732

Estimated living cost  is ₴9260 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33987
₴24758
₴33988
₴32825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 034
health
-
-
-
1 037
national
-
-
-
13 480
total
-
-
-
28 551
Employee
22 559
-
66 459
-
pensions
1 522
-
4 486
-
national
373
-
8 086
-
municipal
3 695
-
10 824
-
unemployment
338
-
997
-
health
168
-
845
-
total
6 096
-
25 238
-
Employer
22 559
-
66 459
-
pensions
3 914
-
11 531
-
accident
23
-
67
-
health
173
-
512
-
unemployment
146
-
432
-
total
4 256
-
12 542
-
Corporate
52 185
79 000
-
-
income
10 437
15 800
-
-
total
10 437
15 800
-
-
Dividends

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

31 311
47 400
-
-
municipal
5 636
8 532
-
-
national
2 125
5 381
-
-
total
7 761
13 913
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 550
29 713
37 780
28 551
After tax
50 450
49 287
41 220
50 449
Living cost
16 462
16 462
16 462
16 462
Free-cash
33 988
32 825
24 758
33 987

Estimated living cost  is ₴16462 per week

₴10753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43895
₴43210
₴45359
₴47694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 937
health
-
-
-
2 015
income
-
-
-
16 226
total
-
-
-
25 178
Employee
32 971
32 971
73 941
-
income
3 590
3 052
15 856
-
social contributions
1 247
2 736
3 691
-
health
255
561
1 257
-
total
5 092
6 349
20 804
-
Employer
32 971
32 971
73 941
-
health
277
610
1 368
-
social contributions
1 247
2 736
3 691
-
total
1 524
3 346
5 059
-
Corporate
62 457
42 683
-
-
income
7 807
5 335
-
-
total
7 807
5 335
-
-
Dividends
54 649
37 347
-
-
withholding
9 291
6 349
-
-
total
9 291
6 349
-
-
Income
79 000
79 000
79 000
79 000
Total tax
23 714
21 379
25 863
25 178
After tax
55 286
57 621
53 137
53 822
Living cost
9 927
9 927
9 927
9 927
Free-cash
45 359
47 694
43 210
43 895

Estimated living cost  is ₴9927 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴59835
₴51235
₴56431
₴58612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12
health
-
-
-
1 552
income
-
-
-
8 066
pensions
-
-
-
2 727
total
-
-
-
12 357
Employee

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

9 842
-
74 810
-
income
673
-
7 003
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
836
-
3 458
-
total
3 034
-
16 767
-
Employer

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

9 842
-
74 810
-
pensions
541
-
2 238
-
health
423
-
1 749
-
unemployment
49
-
203
-
total
1 013
-
4 190
-
Corporate
68 145
79 000
-
-
income
6 133
7 110
-
-
total
6 133
7 110
-
-
Dividends
62 012
71 890
-
-
withholding
5 581
6 470
-
-
total
5 581
6 470
-
-
Income
79 000
79 000
79 000
79 000
Total tax
15 761
13 580
20 957
12 357
After tax
63 239
65 420
58 043
66 643
Living cost
6 808
6 808
6 808
6 808
Free-cash
56 431
58 612
51 235
59 835

Estimated living cost  is ₴6808 per week

₴4343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
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.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32504
₴30705
₴38933
₴40826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
22 782
pensions
-
-
-
11 247
total
-
-
-
34 705
Employee
15 854
-
66 330
-
income
3 057
-
21 310
-
pensions
745
-
1 868
-
unemployment
246
-
616
-
other
15
-
40
-
total
4 063
-
23 834
-
Employer
15 854
-
66 330
-
pensions
3 741
-
9 379
-
other
127
-
318
-
accident
314
-
787
-
unemployment
872
-
2 186
-
total
5 054
-
12 670
-
Corporate
58 091
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.

8 714
11 850
-
-
total
8 714
11 850
-
-
Dividends
49 377
67 150
-
-
withholding
10 445
14 533
-
-
total
10 445
14 533
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 276
26 383
36 504
34 705
After tax
50 724
52 617
42 496
44 295
Living cost
11 791
11 791
11 791
11 791
Free-cash
38 933
40 826
30 705
32 504

Estimated living cost  is ₴11791 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49486
₴49403
₴47929
₴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
health
-
-
-
621
income
-
-
-
26 862
pensions
-
-
-
857
total
-
-
-
28 340
Employee
1 789
-
78 036
-
income
346
-
26 817
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
27 459
-
Employer
1 789
-
78 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
76 809
79 000
-
-
income
16 898
17 380
-
-
total
16 898
17 380
-
-
Dividends
59 911
61 620
-
-
withholding
11 982
12 324
-
-
total
11 982
12 324
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 897
29 704
28 423
28 340
After tax
49 103
49 296
50 577
50 660
Living cost
1 174
1 174
1 174
1 174
Free-cash
47 929
48 122
49 403
49 486

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41646
₴41645
₴47551
₴49662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
475
health
-
-
-
3 264
income
-
-
-
17 959
pensions
-
-
-
8 240
total
-
-
-
29 938
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.

11 183
-
73 327
-
income
1 542
-
17 959
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
24 266
-
Employer

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

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

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

11 183
-
73 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
65 815
79 000
-
-
income
9 872
11 850
-
-
total
9 872
11 850
-
-
Dividends
55 943
67 150
-
-
withholding
8 391
10 072
-
-
total
8 391
10 072
-
-
Income
79 000
79 000
79 000
79 000
Total tax
24 033
21 922
29 939
29 938
After tax
54 967
57 078
49 061
49 062
Living cost
7 416
7 416
7 416
7 416
Free-cash
47 551
49 662
41 645
41 646

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30526
₴24537
₴33221
₴33376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 000
social contributions

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

-
-
-
27 453
income
-
-
-
9 462
surtax
-
-
-
-
total
-
-
-
36 915
Employee
16 642
-
63 839
-
income
3 252
-
20 721
-
social contributions
1 831
-
7 022
-
surtax
-
-
-
-
total
5 083
-
27 743
-
Employer
16 642
-
63 839
-
social contributions
3 952
-
15 161
-
total
3 952
-
15 161
-
Corporate
58 406
79 000
-
-
surtax
-
-
-
-
income
12 265
16 590
-
-
total
12 265
16 590
-
-
Dividends
46 141
62 410
-
-
withholding
12 920
17 475
-
-
total
12 920
17 475
-
-
Income
79 000
79 000
79 000
79 000
Total tax
34 220
34 065
42 904
36 915
After tax
44 780
44 935
36 096
42 085
Living cost
11 559
11 559
11 559
11 559
Free-cash
33 221
33 376
24 537
30 526

Estimated living cost  is ₴11559 per week

₴8187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29226
₴27427
₴34742
₴37548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
22 782
pensions
-
-
-
11 247
total
-
-
-
34 705
Employee
20 708
-
66 330
-
income
4 325
-
21 310
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 639
-
23 834
-
Employer
20 708
-
66 330
-
pensions
4 887
-
9 379
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 670
-
Corporate
51 690
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.

7 754
11 850
-
-
total
7 754
11 850
-
-
Dividends
43 936
67 150
-
-
withholding
9 194
14 533
-
-
total
9 194
14 533
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 189
26 383
36 504
34 705
After tax
49 811
52 617
42 496
44 295
Living cost
15 069
15 069
15 069
15 069
Free-cash
34 742
37 548
27 427
29 226

Estimated living cost  is ₴15069 per week

₴10822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴2863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55772
₴58907
₴57554
₴60167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 723
income
-
-
-
11 850
pensions

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

-
-
-
2 217
total
-
-
-
15 850
Employee
9 769
-
76 061
-
income
977
-
7 606
-
pensions

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

858
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 391
-
9 775
-
Employer
9 769
-
76 061
-
pensions

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

1 077
-
1 651
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 034
-
unemployment
59
-
90
-
total
1 917
-
2 940
-
Corporate
67 314
79 000
-
-
income
6 731
7 900
-
-
total
6 731
7 900
-
-
Dividends
60 583
71 100
-
-
withholding
3 029
3 555
-
-
total
3 029
3 555
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 068
11 455
12 715
15 850
After tax
64 932
67 545
66 285
63 150
Living cost
7 378
7 378
7 378
7 378
Free-cash
57 554
60 167
58 907
55 772

Estimated living cost  is ₴7378 per week

₴4879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24871
₴33347
₴29706
₴24097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 476
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.

-
-
-
2 929
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.

-
-
-
24 805
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.

-
-
-
1 365
total
-
-
-
37 575
Employee

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

21 334
-
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.

97
-
1 365
-
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.

1 754
-
24 805
-
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.

2 929
-
2 929
-
total
4 780
-
29 099
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 666
79 000
-
-
trade
8 275
11 336
-
-
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.

476
652
-
-
income
8 650
11 850
-
-
chamber of commerce
150
181
-
-
total
17 551
24 019
-
-
Dividends
40 115
54 982
-
-
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.

543
747
-
-
withholding
9 866
13 583
-
-
total
10 409
14 330
-
-
Income
79 000
79 000
79 000
79 000
Total tax
32 740
38 349
29 099
37 575
After tax
46 260
40 651
49 901
41 425
Living cost
16 554
16 554
16 554
16 554
Free-cash
29 706
24 097
33 347
24 871

Estimated living cost  is ₴16554 per week

₴11419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16801
₴16801
₴31822
₴30875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 261
income
-
-
-
24 513
total
-
-
-
37 774
Employee
33 540
-
79 000
-
social contributions
2 786
-
13 261
-
income
6 329
-
24 513
-
total
9 115
-
37 774
-
Employer
33 540
-
79 000
-
total
-
-
-
-
Corporate
45 460
79 000
-
-
income
5 683
9 875
-
-
total
5 683
9 875
-
-
Dividends
39 778
69 125
-
-
withholding
7 955
13 825
-
-
total
7 955
13 825
-
-
Income
79 000
79 000
79 000
79 000
Total tax
22 753
23 700
37 774
37 774
After tax
56 247
55 300
41 226
41 226
Living cost
24 425
24 425
24 425
24 425
Free-cash
31 822
30 875
16 801
16 801

Estimated living cost  is ₴24425 per week

₴18582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
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.
₴3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48367
₴40394
₴35018
₴33520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
2 863
income
-
-
-
12 205
total
-
-
-
15 068
Employee
19 670
-
77 028
-
social contributions
1 971
-
1 972
-
income
2 134
-
19 097
-
total
4 105
-
21 069
-
Employer
19 670
-
77 028
-
social contributions
1 971
-
1 972
-
total
1 971
-
1 972
-
Corporate
57 360
79 000
-
-
income
20 076
27 650
-
-
total
20 076
27 650
-
-
Dividends
37 284
51 350
-
-
social contributions
2 265
2 265
-
-
total
2 265
2 265
-
-
Income
79 000
79 000
79 000
79 000
Total tax
28 417
29 915
23 041
15 068
After tax
50 583
49 085
55 959
63 932
Living cost
15 565
15 565
15 565
15 565
Free-cash
35 018
33 520
40 394
48 367

Estimated living cost  is ₴15565 per week

₴10252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
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.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36137
₴29005
₴37918
₴35364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 899
pensions
-
-
-
3 942
total
-
-
-
26 841
Employee
21 993
-
68 983
-
income
4 005
-
18 142
-
pensions
1 679
-
4 826
-
health
287
-
988
-
total
5 971
-
23 956
-
Employer
21 993
-
68 983
-
pensions
2 222
-
8 706
-
health
418
-
1 311
-
total
2 640
-
10 017
-
Corporate
54 367
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.

10 330
15 010
-
-
total
10 330
15 010
-
-
Dividends
44 038
63 990
-
-
withholding
6 119
12 604
-
-
total
6 119
12 604
-
-
Income
79 000
79 000
79 000
79 000
Total tax
25 060
27 614
33 973
26 841
After tax
53 940
51 386
45 027
52 159
Living cost
16 022
16 022
16 022
16 022
Free-cash
37 918
35 364
29 005
36 137

Estimated living cost  is ₴16022 per week

₴10991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴43816
₴32867
₴4838
-₴3777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
22 033
pensions
-
-
-
1 777
total
-
-
-
25 008
Employee
16 008
-
71 354
-
income
2 196
-
16 882
-
pensions
1 803
-
3 259
-
health
1 833
-
8 170
-
total
5 832
-
28 311
-
Employer
16 008
-
71 354
-
pensions
2 603
-
4 706
-
accident
267
-
1 192
-
unemployment
392
-
1 748
-
total
3 262
-
7 646
-
Corporate
59 730
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.

53 757
71 100
-
-
total
53 757
71 100
-
-
Dividends
5 973
7 900
-
-
withholding
1 135
1 501
-
-
total
1 135
1 501
-
-
Income
79 000
79 000
79 000
79 000
Total tax
63 986
72 601
35 957
25 008
After tax
15 014
6 399
43 043
53 992
Living cost
10 176
10 176
10 176
10 176
Free-cash
4 838
-3 777
32 867
43 816

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41279
₴50707
₴58683
₴60689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
343
unemployment
-
-
-
823
income
-
-
-
13 078
health insurance
-
-
-
5 073
pensions
-
-
-
12 614
total
-
-
-
31 931
Employee

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

9 264
-
79 000
-
income
926
-
13 078
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
22 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 736
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%.

697
790
-
-
total
697
790
-
-
Dividends
69 039
78 210
-
-
withholding
10 356
11 731
-
-
total
10 356
11 731
-
-
Income
79 000
79 000
79 000
79 000
Total tax
14 527
12 521
22 503
31 931
After tax
64 473
66 479
56 497
47 069
Living cost
5 790
5 790
5 790
5 790
Free-cash
58 683
60 689
50 707
41 279

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19537
₴16069
₴22581
₴24531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 000
social contributions
-
-
-
20 318
municipal
-
-
-
528
national
-
-
-
19 723
regional
-
-
-
1 813
total
-
-
-
42 382
Employee
36 131
-
79 000
-
national
6 106
-
17 131
-
social contributions
12 183
-
26 639
-
municipal
216
-
471
-
regional
545
-
1 609
-
total
19 050
-
45 850
-
Employer
36 131
-
79 000
-
total
-
-
-
-
Corporate
42 869
79 000
-
-
nationa
10 288
18 960
-
-
municipal
2 066
3 808
-
-
total
12 354
22 768
-
-
Dividends
30 515
56 232
-
-
withholding
7 934
14 620
-
-
total
7 934
14 620
-
-
Income
79 000
79 000
79 000
79 000
Total tax
39 338
37 388
45 850
42 382
After tax
39 662
41 612
33 150
36 618
Living cost
17 081
17 081
17 081
17 081
Free-cash
22 581
24 531
16 069
19 537

Estimated living cost  is ₴17081 per week

₴11999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
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.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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