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
₴ 80000
per

Your estimated
City
free-cash

Dresden , Germany
₴30915
₴36440
₴25479
₴27438
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health

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

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

-
-
-
3 356
trade
-
-
-
9 002
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.

-
-
-
24 003
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.

-
-
-
1 320
total
-
-
-
37 681
Employee

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

18 791
-
80 000
-
health

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

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

3 356
-
3 356
-
income

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

525
-
24 003
-
surtax

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

29
-
1 320
-
total
3 910
-
28 679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 209
80 000
-
-
income
9 181
12 000
-
-
chamber of commerce
162
189
-
-
surtax

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

505
660
-
-
trade
9 640
12 600
-
-
total
19 488
25 449
-
-
Dividends
41 720
54 551
-
-
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.

563
740
-
-
withholding
10 243
13 451
-
-
total
10 806
14 191
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 204
39 640
28 679
37 681
After tax
45 796
40 360
51 321
42 319
Living cost
14 881
14 881
14 881
14 881
Free-cash
30 915
25 479
36 440
27 438

Estimated living cost  is ₴14881 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23902
₴22393
₴24327
₴21763
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
860
municipal
-
-
-
8 701
pensions
-
-
-
9 600
national
-
-
-
13 483
total
-
-
-
32 644
Employee
39 674
-
69 159
-
pensions
1 587
-
2 766
-
municipal
4 900
-
9 010
-
national
7 593
-
13 962
-
total
14 080
-
25 738
-
Employer
39 674
-
69 159
-
pensions
3 174
-
5 533
-
social contributions
426
-
743
-
total
3 600
-
6 276
-
Corporate
34 108
80 000
-
-
income

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

6 822
16 000
-
-
total
6 822
16 000
-
-
Dividends
27 286
64 000
-
-
withholding
6 003
14 080
-
-
total
6 003
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 505
30 080
32 014
32 644
After tax
49 495
49 920
47 986
47 356
Living cost
25 593
25 593
25 593
25 593
Free-cash
23 902
24 327
22 393
21 763

Estimated living cost  is ₴25593 per week

₴17395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49750
₴22483
₴53779
₴16824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
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.

-
-
-
18 823
income
-
-
-
13 732
surtax
-
-
-
20 400
microenterprise
-
-
-
-
total
-
-
-
52 955
Employee
14 356
-
59 365
-
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.

1 579
-
6 440
-
income
2 555
-
11 613
-
surtax
-
-
8 608
-
total
4 134
-
26 661
-
Employer
14 356
-
59 365
-
surtax
-
-
6 530
-
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.

3 458
-
14 105
-
total
3 458
-
20 635
-
Corporate
62 186
80 000
-
-
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%.

12 437
16 000
-
-
total
12 437
16 000
-
-
Dividends

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

49 749
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
20 029
16 000
47 296
52 955
After tax
59 971
64 000
32 704
27 045
Living cost
10 221
10 221
10 221
10 221
Free-cash
49 750
53 779
22 483
16 824

Estimated living cost  is ₴10221 per week

₴6521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15919
₴28692
₴18930
₴24041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
6 058
income
-
-
-
23 564
pensions
-
-
-
5 756
total
-
-
-
35 378
Employee
41 954
41 954
70 870
-
pensions
7 552
5 756
5 756
-
health
6 439
5 477
6 058
-
income

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

6 867
6 867
9 783
-
total
20 858
18 100
21 597
-
Employer
41 954
41 954
70 870
-
pensions
2 920
2 920
3 629
-
health
2 916
2 916
3 624
-
unemployment
1 510
1 510
1 877
-
total
7 346
7 346
9 130
-
Corporate
31 214
30 699
-
-
income
6 243
6 140
-
-
total
6 243
6 140
-
-
Dividends
24 971
24 559
-
-
income
5 307
5 219
-
-
withholding
3 746
3 684
-
-
total
9 053
8 903
-
-
Income
80 000
80 000
80 000
80 000
Total tax
43 500
40 489
30 727
35 378
After tax
36 500
39 511
49 273
44 622
Living cost
20 581
20 581
20 581
20 581
Free-cash
15 919
18 930
28 692
24 041

Estimated living cost  is ₴20581 per week

₴14585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1855
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23145
₴21043
₴23596
₴21530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
88
health
-
-
-
2 747
municipal
-
-
-
20 053
pensions
-
-
-
4 758
other
-
-
-
5 115
unemployment
-
-
-
44
national
-
-
-
5 581
total
-
-
-
38 386
Employee
28 618
-
66 170
-
municipal
8 534
-
19 732
-
national
-
-
5 311
-
total
8 534
-
25 043
-
Employer
28 618
-
66 170
-
pensions
3 094
-
4 758
-
other
3 325
-
5 115
-
health
1 760
-
2 707
-
unemployment
756
-
1 162
-
accident
57
-
88
-
total
8 992
-
13 830
-
Corporate
42 390
80 000
-
-
income
9 326
17 600
-
-
total
9 326
17 600
-
-
Dividends
33 064
62 400
-
-
withholding
9 919
18 720
-
-
total
9 919
18 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 771
36 320
38 873
38 386
After tax
43 229
43 680
41 127
41 614
Living cost
20 084
20 084
20 084
20 084
Free-cash
23 145
23 596
21 043
21 530

Estimated living cost  is ₴20084 per week

₴13311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27552
₴32021
₴20648
₴22619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health

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

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

-
-
-
3 356
trade
-
-
-
9 402
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.

-
-
-
24 003
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.

-
-
-
1 320
total
-
-
-
38 081
Employee

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

24 914
-
80 000
-
health

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

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

3 356
-
3 356
-
income

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

2 141
-
24 003
-
surtax

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

117
-
1 320
-
total
5 614
-
28 679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 086
80 000
-
-
income
8 263
12 000
-
-
chamber of commerce
153
188
-
-
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.

454
660
-
-
trade
9 061
13 160
-
-
total
17 931
26 008
-
-
Dividends
37 155
53 992
-
-
surtax

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

501
732
-
-
withholding
9 102
13 312
-
-
total
9 603
14 044
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 148
40 052
28 679
38 081
After tax
46 852
39 948
51 321
41 919
Living cost
19 300
19 300
19 300
19 300
Free-cash
27 552
20 648
32 021
22 619

Estimated living cost  is ₴19300 per week

₴12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2035
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40409
₴38351
₴42448
₴39072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
7 949
health
-
-
-
2 040
income
-
-
-
15 004
total
-
-
-
24 993
Employee
37 778
37 778
74 395
-
health
376
642
1 265
-
social contributions
1 836
3 135
4 229
-
income
3 967
3 497
14 615
-
total
6 179
7 274
20 109
-
Employer
37 778
37 778
74 395
-
health
409
699
1 376
-
social contributions
1 836
3 135
4 229
-
total
2 245
3 834
5 605
-
Corporate
55 642
38 388
-
-
income
6 955
4 799
-
-
total
6 955
4 799
-
-
Dividends
48 687
33 589
-
-
withholding
8 277
5 710
-
-
total
8 277
5 710
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 656
21 617
25 714
24 993
After tax
56 344
58 383
54 286
55 007
Living cost
15 935
15 935
15 935
15 935
Free-cash
40 409
42 448
38 351
39 072

Estimated living cost  is ₴15935 per week

₴10893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36136
₴37370
₴35948
₴46413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
5 600
income
-
-
-
9 780
pensions
-
-
-
8 000
unemployment
-
-
-
1 200
total
-
-
-
24 580
Employee

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

The minimum wage is 138,000 HUF per month.

13 001
5 174
66 946
-
unemployment
195
78
1 004
-
pensions
1 300
517
6 695
-
health
910
362
4 686
-
income
1 589
633
8 184
-
total
3 994
1 590
20 569
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 001
5 174
66 946
-
pensions
2 535
1 009
13 054
-
total
2 535
1 009
13 054
-
Corporate
64 463
73 817
-
-
income
5 802
6 643
-
-
total
5 802
6 643
-
-
Dividends
58 662
67 173
-
-
social contributions
11 380
13 040
-
-
withholding
11 146
12 763
-
-
total
22 526
25 803
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 857
35 045
33 623
24 580
After tax
45 143
44 955
46 377
55 420
Living cost
9 007
9 007
9 007
9 007
Free-cash
36 136
35 948
37 370
46 413

Estimated living cost  is ₴9007 per week

₴6146
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.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49082
₴34244
₴52134
₴31015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
10 400
income
-
-
-
10 720
pensions
-
-
-
15 999
total
-
-
-
37 119
Employee
13 937
-
59 791
-
unemployment
223
-
957
-
pensions
279
-
1 196
-
income
1 569
-
11 528
-
total
2 071
-
13 681
-
Employer
13 937
-
59 791
-
pensions
2 788
-
11 958
-
health
1 811
-
7 773
-
unemployment
112
-
478
-
total
4 711
-
20 209
-
Corporate
61 352
80 000
-
-
income
12 270
16 000
-
-
total
12 270
16 000
-
-
Dividends
49 082
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
19 052
16 000
33 890
37 119
After tax
60 948
64 000
46 110
42 881
Living cost
11 866
11 866
11 866
11 866
Free-cash
49 082
52 134
34 244
31 015

Estimated living cost  is ₴11866 per week

₴8139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4809
₴32321
-₴4403
₴43831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
21 841
pensions
-
-
-
2 058
other
-
-
-
183
total
-
-
-
25 286
Employee
17 119
-
71 600
-
pensions
1 928
-
3 774
-
health
1 960
-
8 198
-
income
2 349
-
16 424
-
total
6 237
-
28 396
-
Employer
17 119
-
71 600
-
pensions
2 784
-
5 450
-
unemployment
419
-
1 754
-
accident
286
-
1 196
-
total
3 489
-
8 400
-
Corporate
59 392
80 000
-
-
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.

53 453
72 000
-
-
total
53 453
72 000
-
-
Dividends
5 939
8 000
-
-
withholding
1 129
1 520
-
-
total
1 129
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 308
73 520
36 796
25 286
After tax
15 692
6 480
43 204
54 714
Living cost
10 883
10 883
10 883
10 883
Free-cash
4 809
-4 403
32 321
43 831

Estimated living cost  is ₴10883 per week

₴7976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71217
₴59972
₴71972
₴75172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
80 000
microenterprise

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

-
-
-
800
total
-
-
-
800
Employee
5 035
-
80 000
-
income
1 007
-
16 000
-
total
1 007
-
16 000
-
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%.

74 965
80 000
-
-
total
-
-
-
-
Dividends
74 965
80 000
-
-
withholding
3 748
4 000
-
-
total
3 748
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
4 755
4 000
16 000
800
After tax
75 245
76 000
64 000
79 200
Living cost
4 028
4 028
4 028
4 028
Free-cash
71 217
71 972
59 972
75 172

Estimated living cost  is ₴4028 per week

₴2496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42367
₴32407
₴45685
₴30415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
3 287
income
-
-
-
11 729
pensions

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

-
-
-
17 930
other
-
-
-
3 548
total
-
-
-
36 494
Employee
17 838
-
63 898
-
unemployment
178
-
639
-
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.

1 248
-
4 472
-
health
250
-
895
-
income
3 071
-
12 394
-
total
4 747
-
18 400
-
Employer
17 838
-
63 898
-
pensions

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

3 033
-
10 862
-
other
892
-
3 195
-
health
250
-
895
-
unemployment
178
-
639
-
accident
143
-
511
-
total
4 496
-
16 102
-
Corporate
57 666
80 000
-
-
income
12 110
16 800
-
-
total
12 110
16 800
-
-
Dividends
45 556
63 200
-
-
withholding
3 189
4 424
-
-
total
3 189
4 424
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 542
21 224
34 502
36 494
After tax
55 458
58 776
45 498
43 506
Living cost
13 091
13 091
13 091
13 091
Free-cash
42 367
45 685
32 407
30 415

Estimated living cost  is ₴13091 per week

₴9249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21236
₴14018
₴20751
₴21284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 378
pensions
-
-
-
4 229
total
-
-
-
26 607
Employee
45 429
-
69 927
-
pensions
4 383
-
5 234
-
health
749
-
1 032
-
income
8 189
-
17 534
-
total
13 321
-
23 800
-
Employer
45 429
-
69 927
-
pensions
5 364
-
8 744
-
health
863
-
1 329
-
total
6 227
-
10 073
-
Corporate
28 344
80 000
-
-
income

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

5 385
15 200
-
-
total
5 385
15 200
-
-
Dividends
22 959
64 800
-
-
withholding
1 722
11 940
-
-
total
1 722
11 940
-
-
Income
80 000
80 000
80 000
80 000
Total tax
26 655
27 140
33 873
26 607
After tax
53 345
52 860
46 127
53 393
Living cost
32 109
32 109
32 109
32 109
Free-cash
21 236
20 751
14 018
21 284

Estimated living cost  is ₴32109 per week

₴24060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴59731
₴60118
₴61999
₴57046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
1 961
income
-
-
-
12 000
pensions

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

-
-
-
2 524
unemployment
-
-
-
68
total
-
-
-
16 553
Employee
8 476
-
76 654
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
pensions

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

744
-
1 497
-
health
390
-
785
-
income
848
-
7 665
-
total
2 075
-
10 135
-
Employer
8 476
-
76 654
-
pensions

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

934
-
1 879
-
health
585
-
1 177
-
unemployment
51
-
102
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
total
1 663
-
3 346
-
Corporate
69 860
80 000
-
-
income
6 986
8 000
-
-
total
6 986
8 000
-
-
Dividends
62 874
72 000
-
-
withholding
3 144
3 600
-
-
total
3 144
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
13 868
11 600
13 481
16 553
After tax
66 132
68 400
66 519
63 447
Living cost
6 401
6 401
6 401
6 401
Free-cash
59 731
61 999
60 118
57 046

Estimated living cost  is ₴6401 per week

₴3737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13503
₴22030
₴12268
₴17379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
6 058
income
-
-
-
23 564
pensions
-
-
-
5 756
total
-
-
-
35 378
Employee
45 549
41 954
70 870
-
pensions
5 756
5 756
5 756
-
health
5 682
5 477
6 058
-
income

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

6 867
6 867
9 783
-
total
18 305
18 100
21 597
-
Employer
45 549
41 954
70 870
-
pensions
3 170
2 920
3 629
-
health
3 165
2 916
3 624
-
unemployment
1 640
1 510
1 877
-
total
7 975
7 346
9 130
-
Corporate
26 476
30 699
-
-
income
5 296
6 140
-
-
total
5 296
6 140
-
-
Dividends
21 181
24 559
-
-
income
4 501
5 219
-
-
withholding
3 177
3 684
-
-
total
7 678
8 903
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 254
40 489
30 727
35 378
After tax
40 746
39 511
49 273
44 622
Living cost
27 243
27 243
27 243
27 243
Free-cash
13 503
12 268
22 030
17 379

Estimated living cost  is ₴27243 per week

₴20096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38617
₴28463
₴42946
₴31844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
17 461
health
-
-
-
10 800
income
-
-
-
7 761
solidarity contribution
-
-
-
-
total
-
-
-
36 022
Employee
17 844
-
59 701
-
solidarity contribution
-
-
-
-
health
2 409
-
8 060
-
social contributions
1 160
-
3 881
-
income
2 141
-
7 164
-
total
5 710
-
19 105
-
Employer
17 844
-
59 701
-
health
1 606
-
5 373
-
social contributions
4 461
-
14 925
-
total
6 067
-
20 298
-
Corporate
56 089
80 000
-
-
income
10 657
15 200
-
-
total
10 657
15 200
-
-
Dividends
45 432
64 800
-
-
withholding
6 815
9 720
-
-
total
6 815
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 249
24 920
39 403
36 022
After tax
50 751
55 080
40 597
43 978
Living cost
12 134
12 134
12 134
12 134
Free-cash
38 617
42 946
28 463
31 844

Estimated living cost  is ₴12134 per week

₴8429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19388
₴14273
₴21953
₴17886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
municipal
-
-
-
475
regional
-
-
-
937
national
-
-
-
19 395
total
-
-
-
41 383
Employee
43 663
-
80 000
-
regional
412
-
826
-
municipal
231
-
424
-
national
7 566
-
16 770
-
social contributions
14 723
-
26 976
-
total
22 932
-
44 996
-
Employer
43 663
-
80 000
-
total
-
-
-
-
Corporate
36 337
80 000
-
-
municipal
1 417
3 120
-
-
nationa
8 721
19 200
-
-
total
10 138
22 320
-
-
Dividends
26 199
57 679
-
-
withholding
6 811
14 996
-
-
total
6 811
14 996
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 881
37 316
44 996
41 383
After tax
40 119
42 684
35 004
38 617
Living cost
20 731
20 731
20 731
20 731
Free-cash
19 388
21 953
14 273
17 886

Estimated living cost  is ₴20731 per week

₴14451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
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.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37950
₴24024
₴39479
₴27103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 655
income
-
-
-
21 054
surtax
-
-
-
3 121
pensions
-
-
-
13 114
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
42 056
Employee
16 247
-
66 198
-
unemployment
1 131
-
4 564
-
pensions
1 083
-
4 373
-
health
415
-
1 672
-
income
2 723
-
18 116
-
other
-
-
-
-
surtax
53
-
2 609
-
total
5 405
-
31 334
-
Employer
16 247
-
66 198
-
pensions
2 166
-
8 740
-
other
-
-
-
-
health
739
-
2 983
-
unemployment
515
-
2 078
-
total
3 420
-
13 801
-
Corporate
60 334
80 000
-
-
income
15 687
20 800
-
-
total
15 687
20 800
-
-
Dividends
44 647
59 200
-
-
withholding
6 697
8 880
-
-
total
6 697
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 209
29 680
45 135
42 056
After tax
48 791
50 320
34 865
37 944
Living cost
10 841
10 841
10 841
10 841
Free-cash
37 950
39 479
24 024
27 103

Estimated living cost  is ₴10841 per week

₴6629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴2962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34095
₴24191
₴30924
₴31457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 378
pensions
-
-
-
4 229
total
-
-
-
26 607
Employee
30 445
-
69 927
-
pensions
2 584
-
5 234
-
health
442
-
1 032
-
income
5 483
-
17 534
-
total
8 509
-
23 800
-
Employer
30 445
-
69 927
-
pensions
3 296
-
8 744
-
health
578
-
1 329
-
total
3 874
-
10 073
-
Corporate
45 681
80 000
-
-
income

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

8 680
15 200
-
-
total
8 680
15 200
-
-
Dividends
37 001
64 800
-
-
withholding
2 906
11 940
-
-
total
2 906
11 940
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 969
27 140
33 873
26 607
After tax
56 031
52 860
46 127
53 393
Living cost
21 936
21 936
21 936
21 936
Free-cash
34 095
30 924
24 191
31 457

Estimated living cost  is ₴21936 per week

₴16434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14346
₴22514
-₴2285
₴26402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
180
pensions
-
-
-
7 360
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.

-
-
-
1 600
regional
-
-
-
3 698
city
-
-
-
844
national
-
-
-
1 049
total
-
-
-
14 731
Employee
45 484
-
71 604
-
unemployment
-
-
-
-
pensions
3 821
-
6 015
-
regional
1 489
-
3 200
-
national
215
-
865
-
health
103
-
161
-
city
488
-
770
-
total
6 116
-
11 011
-
Employer
45 484
-
71 604
-
pensions
3 821
-
6 015
-
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.

909
-
1 432
-
health
103
-
161
-
unemployment
-
-
-
-
total
4 833
-
7 608
-
Corporate
29 182
80 000
-
-
regional
6 172
16 920
-
-
national
2 481
6 800
-
-
total
8 653
23 720
-
-
Dividends
20 530
56 280
-
-
withholding
7 185
19 698
-
-
total
7 185
19 698
-
-
Income
80 000
80 000
80 000
80 000
Total tax
26 787
43 418
18 619
14 731
After tax
53 213
36 582
61 381
65 269
Living cost
38 867
38 867
38 867
38 867
Free-cash
14 346
-2 285
22 514
26 402

Estimated living cost  is ₴38867 per week

₴25274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24998
₴28815
₴17031
₴19013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health

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

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

-
-
-
3 356
trade
-
-
-
9 802
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.

-
-
-
24 003
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.

-
-
-
1 320
total
-
-
-
38 481
Employee

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

29 526
-
80 000
-
health

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

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

3 356
-
3 356
-
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.

3 472
-
24 003
-
surtax

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

191
-
1 320
-
total
7 019
-
28 679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 474
80 000
-
-
income
7 571
12 000
-
-
chamber of commerce
145
187
-
-
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.

417
660
-
-
trade
8 657
13 720
-
-
total
16 790
26 567
-
-
Dividends
33 684
53 433
-
-
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.

453
724
-
-
withholding
8 234
13 172
-
-
total
8 687
13 896
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 496
40 463
28 679
38 481
After tax
47 504
39 537
51 321
41 519
Living cost
22 506
22 506
22 506
22 506
Free-cash
24 998
17 031
28 815
19 013

Estimated living cost  is ₴22506 per week

₴16438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1800
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26415
₴27882
₴23510
₴28379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
2 280
health
-
-
-
3 178
income
-
-
-
11 986
surtax
-
-
-
-
pensions
-
-
-
14 888
other
-
-
-
2 480
total
-
-
-
34 812
Employee
21 026
-
62 355
-
pensions
2 377
-
4 153
-
social contributions
599
-
1 777
-
income
1 241
-
11 735
-
surtax
-
-
-
-
total
4 217
-
17 665
-
Employer
21 026
-
62 355
-
pensions
3 454
-
7 024
-
other
725
-
2 354
-
health
1 472
-
5 553
-
unemployment
851
-
2 526
-
social contributions
63
-
187
-
total
6 565
-
17 644
-
Corporate
52 407
80 000
-
-
income
14 674
22 400
-
-
surtax
-
-
-
-
total
14 674
22 400
-
-
Dividends
37 734
57 600
-
-
surtax
-
-
-
-
social contributions
6 490
9 908
-
-
withholding
4 830
7 373
-
-
total
11 320
17 281
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 776
39 681
35 309
34 812
After tax
43 224
40 319
44 691
45 188
Living cost
16 809
16 809
16 809
16 809
Free-cash
26 415
23 510
27 882
28 379

Estimated living cost  is ₴16809 per week

₴10599
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.
₴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.
₴4558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27906
₴29548
₴25176
₴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
-
-
-
80 000
social contributions
-
-
-
2 280
health
-
-
-
3 178
income
-
-
-
11 986
surtax
-
-
-
-
pensions
-
-
-
14 888
other
-
-
-
2 480
total
-
-
-
34 812
Employee
18 769
-
62 355
-
pensions
2 123
-
4 153
-
social contributions
535
-
1 777
-
income
968
-
11 735
-
surtax
-
-
-
-
total
3 626
-
17 665
-
Employer
18 769
-
62 355
-
pensions
3 084
-
7 024
-
other
648
-
2 354
-
health
1 314
-
5 553
-
unemployment
760
-
2 526
-
social contributions
56
-
187
-
total
5 862
-
17 644
-
Corporate
55 369
80 000
-
-
income
15 503
22 400
-
-
surtax
-
-
-
-
total
15 503
22 400
-
-
Dividends
39 866
57 600
-
-
surtax
-
-
-
-
social contributions
6 857
9 908
-
-
withholding
5 103
7 373
-
-
total
11 960
17 281
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 951
39 681
35 309
34 812
After tax
43 049
40 319
44 691
45 188
Living cost
15 143
15 143
15 143
15 143
Free-cash
27 906
25 176
29 548
30 045

Estimated living cost  is ₴15143 per week

₴8782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38644
₴39500
₴38389
₴40958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
11 040
health
-
-
-
5 584
income
-
-
-
12 000
total
-
-
-
28 624
Employee
16 658
-
80 000
-
health
1 163
-
5 584
-
social contributions
2 299
-
11 040
-
income
2 778
-
13 458
-
total
6 240
-
30 082
-
Employer
16 658
-
80 000
-
total
-
-
-
-
Corporate
63 342
80 000
-
-
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%.

3 167
4 000
-
-
total
3 167
4 000
-
-
Dividends
60 175
76 000
-
-
health
4 200
5 305
-
-
social contributions
8 304
10 488
-
-
withholding
9 027
11 400
-
-
total
21 531
27 193
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 938
31 193
30 082
28 624
After tax
49 062
48 807
49 918
51 376
Living cost
10 418
10 418
10 418
10 418
Free-cash
38 644
38 389
39 500
40 958

Estimated living cost  is ₴10418 per week

₴6972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
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.
₴2563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26254
₴3783
₴27016
₴23732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 390
surtax
-
-
-
97
income
-
-
-
20 519
chamber of commerce
-
-
-
320
pensions
-
-
-
10 618
unemployment
-
-
-
3 013
total
-
-
-
38 957
Employee
24 552
19 579
62 978
-
unemployment
737
587
1 722
-
pensions
2 514
2 004
5 877
-
health
950
758
2 221
-
income
2 795
1 444
16 211
-
other
245
196
574
-
total
7 241
4 989
26 605
-
Employer
24 552
19 579
62 978
-
chamber of commerce
98
78
252
-
pensions
3 081
2 458
7 203
-
other
1 166
930
2 943
-
health
928
740
2 169
-
unemployment
737
587
1 722
-
accident
319
255
746
-
surtax
97
97
97
-
payroll
737
587
1 890
-
total
7 163
5 732
17 022
-
Corporate
48 286
54 690
61 113
-
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.

12 072
13 672
15 279
-
total
12 072
13 672
15 279
-
Dividends
36 214
41 017
-
-
withholding
9 959
11 280
-
-
total
9 959
11 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 435
35 673
58 906
38 957
After tax
43 565
44 327
21 094
41 043
Living cost
17 311
17 311
17 311
17 311
Free-cash
26 254
27 016
3 783
23 732

Estimated living cost  is ₴17311 per week

₴11546
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.
₴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.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19472
₴10618
₴26842
₴16728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
12 249
communal

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

-
-
-
4 065
national
-
-
-
29 045
total
-
-
-
45 359
Employee

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

35 142
-
61 963
-
unemployment

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

306
-
539
-
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.

2 636
-
4 648
-
national
10 804
-
22 102
-
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.

1 651
-
2 912
-
communal

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

1 833
-
3 232
-
total
17 230
-
33 433
-
Employer

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

35 142
-
61 963
-
pensions

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

3 114
-
5 489
-
health

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

2 161
-
3 811
-
unemployment

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

513
-
904
-
accident

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

457
-
806
-
surtax
3 985
-
7 026
-
total
10 230
-
18 036
-
Corporate
34 628
80 000
-
-
income
6 925
16 000
-
-
surtax
139
320
-
-
total
7 064
16 320
-
-
Dividends
27 564
63 680
-
-
withholding

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

8 091
18 925
-
-
total
8 091
18 925
-
-
Income
80 000
80 000
80 000
80 000
Total tax
42 615
35 245
51 469
45 359
After tax
37 385
44 755
28 531
34 641
Living cost
17 913
17 913
17 913
17 913
Free-cash
19 472
26 842
10 618
16 728

Estimated living cost  is ₴17913 per week

₴11538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32176
₴25163
₴35662
₴27226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
410
income
-
-
-
21 370
pensions
-
-
-
12 886
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
35 031
Employee
24 455
-
65 483
-
unemployment
379
-
706
-
pensions
1 150
-
2 141
-
income
5 160
-
19 683
-
other
24
-
46
-
total
6 713
-
22 576
-
Employer
24 455
-
65 483
-
pensions
5 771
-
10 747
-
other
195
-
365
-
unemployment
1 345
-
2 504
-
accident
484
-
902
-
total
7 795
-
14 518
-
Corporate
47 750
80 000
-
-
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.

7 162
12 000
-
-
total
7 162
12 000
-
-
Dividends
40 588
68 000
-
-
withholding
8 411
14 596
-
-
total
8 411
14 596
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 081
26 596
37 094
35 031
After tax
49 919
53 404
42 906
44 969
Living cost
17 742
17 742
17 742
17 742
Free-cash
32 176
35 662
25 163
27 226

Estimated living cost  is ₴17742 per week

₴13065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1259
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.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14523
₴16775
₴20494
₴13586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
674
health
-
-
-
5 621
income
-
-
-
12 407
surtax
-
-
-
3 966
pensions
-
-
-
11 991
communal
-
-
-
5 056
total
-
-
-
39 715
Employee
37 205
-
71 460
-
pensions
2 976
-
5 717
-
health
1 656
-
3 180
-
income
3 594
-
14 710
-
surtax
2 280
-
4 379
-
total
10 506
-
27 986
-
Employer
37 205
-
71 460
-
pensions
2 976
-
5 717
-
health
1 135
-
2 180
-
accident
335
-
643
-
total
4 446
-
8 540
-
Corporate
38 350
80 000
-
-
income
5 752
12 000
-
-
communal
2 589
5 400
-
-
surtax
403
840
-
-
total
8 744
18 240
-
-
Dividends
29 606
61 760
-
-
income
10 641
5 303
-
-
withholding
4 441
9 264
-
-
total
15 082
14 567
-
-
Income
80 000
80 000
80 000
80 000
Total tax
38 778
32 807
36 526
39 715
After tax
41 222
47 193
43 474
40 285
Living cost
26 699
26 699
26 699
26 699
Free-cash
14 523
20 494
16 775
13 586

Estimated living cost  is ₴26699 per week

₴20028
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.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37722
₴23830
₴39285
₴26909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 655
income
-
-
-
21 054
surtax
-
-
-
3 121
pensions
-
-
-
13 114
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
42 056
Employee
16 545
-
66 198
-
unemployment
1 151
-
4 564
-
pensions
1 104
-
4 373
-
health
422
-
1 672
-
income
2 774
-
18 116
-
other
-
-
-
-
surtax
59
-
2 609
-
total
5 510
-
31 334
-
Employer
16 545
-
66 198
-
pensions
2 206
-
8 740
-
other
-
-
-
-
health
752
-
2 983
-
unemployment
525
-
2 078
-
total
3 483
-
13 801
-
Corporate
59 972
80 000
-
-
income
15 593
20 800
-
-
total
15 593
20 800
-
-
Dividends
44 379
59 200
-
-
withholding
6 657
8 880
-
-
total
6 657
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 243
29 680
45 135
42 056
After tax
48 757
50 320
34 865
37 944
Living cost
11 035
11 035
11 035
11 035
Free-cash
37 722
39 285
23 830
26 909

Estimated living cost  is ₴11035 per week

₴6662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27723
₴21520
₴28816
₴25114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
municipal
-
-
-
475
regional
-
-
-
1 206
national
-
-
-
19 395
total
-
-
-
41 652
Employee
27 253
-
80 000
-
regional
367
-
1 076
-
municipal
145
-
424
-
national
4 318
-
16 770
-
social contributions
9 190
-
26 976
-
total
14 020
-
45 246
-
Employer
27 253
-
80 000
-
total
-
-
-
-
Corporate
52 747
80 000
-
-
municipal
2 622
3 976
-
-
nationa
12 659
19 200
-
-
total
15 281
23 176
-
-
Dividends
37 467
56 824
-
-
withholding
9 742
14 774
-
-
total
9 742
14 774
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 043
37 950
45 246
41 652
After tax
40 957
42 050
34 754
38 348
Living cost
13 234
13 234
13 234
13 234
Free-cash
27 723
28 816
21 520
25 114

Estimated living cost  is ₴13234 per week

₴8230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34794
₴25645
₴40128
₴29026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
17 461
health
-
-
-
10 800
income
-
-
-
7 761
solidarity contribution
-
-
-
-
total
-
-
-
36 022
Employee
21 989
-
59 701
-
solidarity contribution
-
-
-
-
health
2 968
-
8 060
-
social contributions
1 429
-
3 881
-
income
2 639
-
7 164
-
total
7 036
-
19 105
-
Employer
21 989
-
59 701
-
health
1 979
-
5 373
-
social contributions
5 497
-
14 925
-
total
7 476
-
20 298
-
Corporate
50 535
80 000
-
-
income
9 602
15 200
-
-
total
9 602
15 200
-
-
Dividends
40 933
64 800
-
-
withholding
6 140
9 720
-
-
total
6 140
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 254
24 920
39 403
36 022
After tax
49 746
55 080
40 597
43 978
Living cost
14 952
14 952
14 952
14 952
Free-cash
34 794
40 128
25 645
29 026

Estimated living cost  is ₴14952 per week

₴11120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28463
₴5450
₴28705
₴25466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 390
surtax
-
-
-
-
income
-
-
-
20 519
chamber of commerce
-
-
-
320
pensions
-
-
-
10 618
unemployment
-
-
-
3 013
total
-
-
-
38 860
Employee
21 476
19 579
63 068
-
unemployment
644
587
1 722
-
pensions
2 199
2 004
5 877
-
health
831
758
2 221
-
income
1 913
1 444
16 249
-
other
214
196
574
-
total
5 801
4 989
26 643
-
Employer
21 476
19 579
63 068
-
chamber of commerce
86
78
253
-
pensions
2 695
2 458
7 203
-
other
1 020
930
2 947
-
health
812
740
2 169
-
unemployment
644
587
1 722
-
accident
279
255
746
-
surtax
-
-
-
-
payroll
644
587
1 892
-
total
6 180
5 635
16 932
-
Corporate
52 344
54 787
61 204
-
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.

13 086
13 697
15 301
-
total
13 086
13 697
15 301
-
Dividends
39 258
41 090
-
-
withholding
10 796
11 300
-
-
total
10 796
11 300
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 863
35 621
58 876
38 860
After tax
44 137
44 379
21 124
41 140
Living cost
15 674
15 674
15 674
15 674
Free-cash
28 463
28 705
5 450
25 466

Estimated living cost  is ₴15674 per week

₴9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68546
₴57723
₴69723
₴72923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
80 000
microenterprise

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

-
-
-
800
total
-
-
-
800
Employee
7 846
-
80 000
-
income
1 569
-
16 000
-
total
1 569
-
16 000
-
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%.

72 154
80 000
-
-
total
-
-
-
-
Dividends
72 154
80 000
-
-
withholding
3 608
4 000
-
-
total
3 608
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
5 177
4 000
16 000
800
After tax
74 823
76 000
64 000
79 200
Living cost
6 277
6 277
6 277
6 277
Free-cash
68 546
69 723
57 723
72 923

Estimated living cost  is ₴6277 per week

₴4248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37793
₴24109
₴41903
₴26228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health
-
-
-
7 872
income
-
-
-
17 993
pensions
-
-
-
14 610
unemployment
-
-
-
120
total
-
-
-
40 595
Employee

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

21 725
-
69 222
-
unemployment
31
-
97
-
pensions
3 368
-
10 729
-
health
1 403
-
4 471
-
income
3 746
-
16 639
-
total
8 548
-
31 936
-
Employer

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

21 725
-
69 222
-
pensions
1 922
-
6 126
-
health
1 447
-
4 610
-
unemployment
13
-
42
-
total
3 382
-
10 778
-
Corporate
54 893
80 000
-
-
income
10 430
15 200
-
-
total
10 430
15 200
-
-
Dividends
44 463
64 800
-
-
withholding
6 670
9 720
-
-
total
6 670
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 030
24 920
42 714
40 595
After tax
50 970
55 080
37 286
39 405
Living cost
13 177
13 177
13 177
13 177
Free-cash
37 793
41 903
24 109
26 228

Estimated living cost  is ₴13177 per week

₴9043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4024
₴52288
₴27435
₴34049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
9 120
income
-
-
-
15 594
total
-
-
-
24 714
Employee
30 450
-
-
-
social contributions
2 497
-
356
-
income
6 717
-
-
-
total
9 214
-
356
-
Employer
30 450
-
-
-
social contributions
42 935
-
6 119
-
total
42 935
-
6 119
-
Corporate
6 615
80 000
-
-
income
1 455
17 600
-
-
total
1 455
17 600
-
-
Dividends
5 160
62 400
-
-
income
1 135
13 728
-
-
total
1 135
13 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
54 739
31 328
6 475
24 714
After tax
25 261
48 672
73 525
55 286
Living cost
21 237
21 237
21 237
21 237
Free-cash
4 024
27 435
52 288
34 049

Estimated living cost  is ₴21237 per week

₴13779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴29599
₴21788
₴30094
₴27681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
social contributions

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

-
-
-
27 800
income
-
-
-
9 109
surtax
-
-
-
-
total
-
-
-
36 909
Employee
22 595
-
64 647
-
social contributions
2 486
-
7 111
-
income
4 700
-
20 338
-
surtax
-
-
-
-
total
7 186
-
27 449
-
Employer
22 595
-
64 647
-
social contributions
5 366
-
15 353
-
total
5 366
-
15 353
-
Corporate
52 038
80 000
-
-
income
10 928
16 800
-
-
surtax
-
-
-
-
total
10 928
16 800
-
-
Dividends
41 110
63 200
-
-
withholding
11 511
17 696
-
-
total
11 511
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 991
34 496
42 802
36 909
After tax
45 009
45 504
37 198
43 091
Living cost
15 410
15 410
15 410
15 410
Free-cash
29 599
30 094
21 788
27 681

Estimated living cost  is ₴15410 per week

₴11530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19967
₴20962
₴16590
₴21459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
2 280
health
-
-
-
3 178
income
-
-
-
11 986
surtax
-
-
-
-
pensions
-
-
-
14 888
other
-
-
-
2 480
total
-
-
-
34 812
Employee
30 770
-
62 355
-
pensions
3 480
-
4 153
-
social contributions
876
-
1 777
-
income
2 685
-
11 735
-
surtax
-
-
-
-
total
7 041
-
17 665
-
Employer
30 770
-
62 355
-
pensions
5 056
-
7 024
-
other
1 062
-
2 354
-
health
2 154
-
5 553
-
unemployment
1 247
-
2 526
-
social contributions
92
-
187
-
total
9 611
-
17 644
-
Corporate
39 619
80 000
-
-
income
11 094
22 400
-
-
surtax
-
-
-
-
total
11 094
22 400
-
-
Dividends
28 526
57 600
-
-
surtax
-
-
-
-
social contributions
4 907
9 908
-
-
withholding
3 651
7 373
-
-
total
8 558
17 281
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 304
39 681
35 309
34 812
After tax
43 696
40 319
44 691
45 188
Living cost
23 729
23 729
23 729
23 729
Free-cash
19 967
16 590
20 962
21 459

Estimated living cost  is ₴23729 per week

₴16059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1941
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55582
₴46502
₴57232
₴44375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
17 600
income
-
-
-
3 257
total
-
-
-
20 857
Employee
15 794
-
69 263
-
social contributions
1 026
-
4 502
-
income
-
-
3 492
-
total
1 026
-
7 994
-
Employer
15 794
-
69 263
-
social contributions
2 448
-
10 736
-
total
2 448
-
10 736
-
Corporate
61 757
80 000
-
-
income
6 176
8 000
-
-
total
6 176
8 000
-
-
Dividends
55 582
72 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
9 650
8 000
18 730
20 857
After tax
70 350
72 000
61 270
59 143
Living cost
14 768
14 768
14 768
14 768
Free-cash
55 582
57 232
46 502
44 375

Estimated living cost  is ₴14768 per week

₴9549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26371
-₴26371
-₴26371
₴24016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
16 486
pensions
-
-
-
423
labour market
-
-
-
6 366
national
-
-
-
9 196
total
-
-
-
32 471
Employee
99 241
99 241
99 241
-
pensions
141
141
141
-
municipal
21 133
21 133
21 133
-
national
12 124
12 124
12 124
-
labour market
7 928
7 928
7 928
-
total
41 326
41 326
41 326
-
Employer
99 241
99 241
99 241
-
municipal
21 166
21 166
21 166
-
pensions
282
282
282
-
national
12 145
12 145
12 145
-
labour market
7 939
7 939
7 939
-
total
41 532
41 532
41 532
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
82 858
82 858
82 858
32 471
After tax
-2 858
-2 858
-2 858
47 529
Living cost
23 513
23 513
23 513
23 513
Free-cash
-26 371
-26 371
-26 371
24 016

Estimated living cost  is ₴23513 per week

₴16092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4837
₴32482
-₴4242
₴43992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
21 841
pensions
-
-
-
2 058
other
-
-
-
183
total
-
-
-
25 286
Employee
16 867
-
71 600
-
pensions
1 899
-
3 774
-
health
1 931
-
8 198
-
income
2 314
-
16 424
-
total
6 144
-
28 396
-
Employer
16 867
-
71 600
-
pensions
2 742
-
5 450
-
unemployment
413
-
1 754
-
accident
282
-
1 196
-
total
3 437
-
8 400
-
Corporate
59 696
80 000
-
-
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.

53 726
72 000
-
-
total
53 726
72 000
-
-
Dividends
5 970
8 000
-
-
withholding
1 134
1 520
-
-
total
1 134
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 441
73 520
36 796
25 286
After tax
15 559
6 480
43 204
54 714
Living cost
10 722
10 722
10 722
10 722
Free-cash
4 837
-4 242
32 482
43 992

Estimated living cost  is ₴10722 per week

₴7805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32752
₴23521
₴31674
₴33688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
80 000
health
-
-
-
1 027
municipal
-
-
-
14 215
national
-
-
-
12 208
total
-
-
-
27 450
Employee
25 848
-
67 301
-
unemployment
388
-
1 010
-
pensions
1 744
-
4 543
-
municipal
4 234
-
10 965
-
national
427
-
7 569
-
health
193
-
832
-
total
6 986
-
24 919
-
Employer
25 848
-
67 301
-
pensions
4 484
-
11 676
-
health
199
-
518
-
unemployment
168
-
437
-
accident
26
-
67
-
total
4 877
-
12 698
-
Corporate
49 275
80 000
-
-
income
9 855
16 000
-
-
total
9 855
16 000
-
-
Dividends

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

29 565
48 000
-
-
national
1 346
4 824
-
-
municipal
5 322
8 640
-
-
total
6 668
13 464
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 386
29 464
37 617
27 450
After tax
51 614
50 536
42 383
52 550
Living cost
18 862
18 862
18 862
18 862
Free-cash
32 752
31 674
23 521
33 688

Estimated living cost  is ₴18862 per week

₴12321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44333
₴42911
₴47008
₴43632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
7 949
health
-
-
-
2 040
income
-
-
-
15 004
total
-
-
-
24 993
Employee
37 778
37 778
74 395
-
health
293
642
1 265
-
social contributions
1 428
3 135
4 229
-
income
4 113
3 497
14 615
-
total
5 834
7 274
20 109
-
Employer
37 778
37 778
74 395
-
health
318
699
1 376
-
social contributions
1 428
3 135
4 229
-
total
1 746
3 834
5 605
-
Corporate
61 045
38 388
-
-
income
7 631
4 799
-
-
total
7 631
4 799
-
-
Dividends
53 414
33 589
-
-
withholding
9 081
5 710
-
-
total
9 081
5 710
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 292
21 617
25 714
24 993
After tax
55 708
58 383
54 286
55 007
Living cost
11 375
11 375
11 375
11 375
Free-cash
44 333
47 008
42 911
43 632

Estimated living cost  is ₴11375 per week

₴6817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55949
₴49345
₴58448
₴59198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
80 000
health
-
-
-
1 778
income
-
-
-
8 085
pensions
-
-
-
3 125
unemployment
-
-
-
14
total
-
-
-
13 002
Employee

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

11 277
-
75 199
-
unemployment
56
-
233
-
pensions
1 691
-
6 992
-
health
958
-
3 962
-
income
771
-
6 867
-
total
3 476
-
18 054
-
Employer

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

11 277
-
75 199
-
pensions
620
-
2 564
-
health
485
-
2 004
-
unemployment
56
-
233
-
total
1 161
-
4 801
-
Corporate
67 562
80 000
-
-
income
6 081
7 200
-
-
total
6 081
7 200
-
-
Dividends
61 482
72 800
-
-
withholding
5 533
6 552
-
-
total
5 533
6 552
-
-
Income
80 000
80 000
80 000
80 000
Total tax
16 251
13 752
22 855
13 002
After tax
63 749
66 248
57 145
66 998
Living cost
7 800
7 800
7 800
7 800
Free-cash
55 949
58 448
49 345
59 198

Estimated living cost  is ₴7800 per week

₴4977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37724
₴29396
₴39894
₴31459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
410
income
-
-
-
21 370
pensions
-
-
-
12 886
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
35 031
Employee
18 166
-
65 483
-
unemployment
282
-
706
-
pensions
854
-
2 141
-
income
3 502
-
19 683
-
other
18
-
46
-
total
4 656
-
22 576
-
Employer
18 166
-
65 483
-
pensions
4 287
-
10 747
-
other
145
-
365
-
unemployment
999
-
2 504
-
accident
360
-
902
-
total
5 791
-
14 518
-
Corporate
56 043
80 000
-
-
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.

8 407
12 000
-
-
total
8 407
12 000
-
-
Dividends
47 636
68 000
-
-
withholding
9 912
14 596
-
-
total
9 912
14 596
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 766
26 596
37 094
35 031
After tax
51 234
53 404
42 906
44 969
Living cost
13 510
13 510
13 510
13 510
Free-cash
37 724
39 894
29 396
31 459

Estimated living cost  is ₴13510 per week

₴9119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1299
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48806
₴50412
₴48963
₴50481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
506
income
-
-
-
27 358
pensions
-
-
-
698
total
-
-
-
28 562
Employee
1 458
-
79 215
-
unemployment
15
-
35
-
pensions
131
-
314
-
health
73
-
175
-
income
282
-
27 321
-
total
501
-
27 845
-
Employer
1 458
-
79 215
-
pensions
160
-
384
-
health
139
-
332
-
unemployment
29
-
70
-
total
328
-
786
-
Corporate
78 214
80 000
-
-
income
17 207
17 600
-
-
total
17 207
17 600
-
-
Dividends
61 007
62 400
-
-
withholding
12 201
12 480
-
-
total
12 201
12 480
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 237
30 080
28 631
28 562
After tax
49 763
49 920
51 369
51 438
Living cost
957
957
957
957
Free-cash
48 806
48 963
50 412
50 481

Estimated living cost  is ₴957 per week

₴569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46890
₴39840
₴49307
₴39839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health
-
-
-
3 738
income
-
-
-
17 949
pensions
-
-
-
9 437
unemployment
-
-
-
544
total
-
-
-
31 668
Employee

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

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

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

12 807
-
73 503
-
unemployment
96
-
272
-
pensions
1 793
-
5 081
-
health
660
-
1 869
-
income
1 765
-
17 949
-
total
4 314
-
25 171
-
Employer

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

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

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

12 807
-
73 503
-
pensions
1 537
-
4 355
-
health
660
-
1 869
-
unemployment
96
-
272
-
total
2 293
-
6 496
-
Corporate
64 900
80 000
-
-
income
9 735
12 000
-
-
total
9 735
12 000
-
-
Dividends
55 165
68 000
-
-
withholding
8 275
10 200
-
-
total
8 275
10 200
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 617
22 200
31 667
31 668
After tax
55 383
57 800
48 333
48 332
Living cost
8 493
8 493
8 493
8 493
Free-cash
46 890
49 307
39 840
39 839

Estimated living cost  is ₴8493 per week

₴5719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32082
₴23953
₴32259
₴29846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
social contributions

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

-
-
-
27 800
income
-
-
-
9 109
surtax
-
-
-
-
total
-
-
-
36 909
Employee
19 068
-
64 647
-
social contributions
2 098
-
7 111
-
income
3 726
-
20 338
-
surtax
-
-
-
-
total
5 824
-
27 449
-
Employer
19 068
-
64 647
-
social contributions
4 528
-
15 353
-
total
4 528
-
15 353
-
Corporate
56 404
80 000
-
-
income
11 845
16 800
-
-
surtax
-
-
-
-
total
11 845
16 800
-
-
Dividends
44 559
63 200
-
-
withholding
12 476
17 696
-
-
total
12 476
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 673
34 496
42 802
36 909
After tax
45 327
45 504
37 198
43 091
Living cost
13 245
13 245
13 245
13 245
Free-cash
32 082
32 259
23 953
29 846

Estimated living cost  is ₴13245 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
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.
₴2709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32819
₴25640
₴36138
₴27703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
410
income
-
-
-
21 370
pensions
-
-
-
12 886
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
35 031
Employee
23 727
-
65 483
-
unemployment
367
-
706
-
pensions
1 115
-
2 141
-
income
4 956
-
19 683
-
other
23
-
46
-
total
6 461
-
22 576
-
Employer
23 727
-
65 483
-
pensions
5 599
-
10 747
-
other
190
-
365
-
unemployment
1 305
-
2 504
-
accident
470
-
902
-
total
7 564
-
14 518
-
Corporate
48 708
80 000
-
-
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.

7 307
12 000
-
-
total
7 307
12 000
-
-
Dividends
41 402
68 000
-
-
withholding
8 583
14 596
-
-
total
8 583
14 596
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 915
26 596
37 094
35 031
After tax
50 085
53 404
42 906
44 969
Living cost
17 266
17 266
17 266
17 266
Free-cash
32 819
36 138
25 640
27 703

Estimated living cost  is ₴17266 per week

₴12400
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57026
₴58120
₴60001
₴55048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
1 961
income
-
-
-
12 000
pensions

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

-
-
-
2 524
unemployment
-
-
-
68
total
-
-
-
16 553
Employee
11 121
-
76 654
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
pensions

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

976
-
1 497
-
health
512
-
785
-
income
1 112
-
7 665
-
total
2 722
-
10 135
-
Employer
11 121
-
76 654
-
pensions

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

1 226
-
1 879
-
health
767
-
1 177
-
unemployment
67
-
102
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
total
2 182
-
3 346
-
Corporate
66 696
80 000
-
-
income
6 670
8 000
-
-
total
6 670
8 000
-
-
Dividends
60 027
72 000
-
-
withholding
3 001
3 600
-
-
total
3 001
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 575
11 600
13 481
16 553
After tax
65 425
68 400
66 519
63 447
Living cost
8 399
8 399
8 399
8 399
Free-cash
57 026
60 001
58 120
55 048

Estimated living cost  is ₴8399 per week

₴5555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28643
₴32354
₴22216
₴24152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
health

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

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

-
-
-
3 356
trade
-
-
-
8 202
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.

-
-
-
24 003
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.

-
-
-
1 320
total
-
-
-
36 881
Employee

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

24 445
-
80 000
-
health

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

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

3 356
-
3 356
-
income

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

2 010
-
24 003
-
surtax

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

111
-
1 320
-
total
5 477
-
28 679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 555
80 000
-
-
income
8 333
12 000
-
-
chamber of commerce
156
192
-
-
surtax

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

459
660
-
-
trade
7 972
11 480
-
-
total
16 920
24 332
-
-
Dividends
38 636
55 668
-
-
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.

521
755
-
-
withholding
9 472
13 730
-
-
total
9 993
14 485
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 390
38 817
28 679
36 881
After tax
47 610
41 183
51 321
43 119
Living cost
18 967
18 967
18 967
18 967
Free-cash
28 643
22 216
32 354
24 152

Estimated living cost  is ₴18967 per week

₴13084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29097
₴14939
₴28014
₴14939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
13 196
income
-
-
-
23 879
total
-
-
-
37 075
Employee
38 430
-
80 000
-
social contributions
3 193
-
13 196
-
income
7 252
-
23 879
-
total
10 445
-
37 075
-
Employer
38 430
-
80 000
-
total
-
-
-
-
Corporate
41 570
80 000
-
-
income
5 197
10 000
-
-
total
5 197
10 000
-
-
Dividends
36 374
70 000
-
-
withholding
7 275
14 000
-
-
total
7 275
14 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
22 917
24 000
37 075
37 075
After tax
57 083
56 000
42 925
42 925
Living cost
27 986
27 986
27 986
27 986
Free-cash
29 097
28 014
14 939
14 939

Estimated living cost  is ₴27986 per week

₴21291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴33288
₴39446
₴31570
₴45158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
income
-
-
-
13 985
health

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

-
-
-
3 023
total
-
-
-
17 008
Employee
22 537
-
77 740
-
social contributions
2 258
-
2 260
-
income
2 445
-
18 200
-
total
4 703
-
20 460
-
Employer
22 537
-
77 740
-
social contributions
2 258
-
2 260
-
total
2 258
-
2 260
-
Corporate
55 204
80 000
-
-
income
19 321
28 000
-
-
total
19 321
28 000
-
-
Dividends
35 883
52 000
-
-
social contributions
2 596
2 596
-
-
total
2 596
2 596
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 878
30 596
22 720
17 008
After tax
51 122
49 404
57 280
62 992
Living cost
17 834
17 834
17 834
17 834
Free-cash
33 288
31 570
39 446
45 158

Estimated living cost  is ₴17834 per week

₴11747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
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.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37870
₴28294
₴35027
₴35560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 378
pensions
-
-
-
4 229
total
-
-
-
26 607
Employee
24 478
-
69 927
-
pensions
1 868
-
5 234
-
health
319
-
1 032
-
income
4 458
-
17 534
-
total
6 645
-
23 800
-
Employer
24 478
-
69 927
-
pensions
2 473
-
8 744
-
health
465
-
1 329
-
total
2 938
-
10 073
-
Corporate
52 583
80 000
-
-
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.

9 991
15 200
-
-
total
9 991
15 200
-
-
Dividends
42 592
64 800
-
-
withholding
4 723
11 940
-
-
total
4 723
11 940
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 297
27 140
33 873
26 607
After tax
55 703
52 860
46 127
53 393
Living cost
17 833
17 833
17 833
17 833
Free-cash
37 870
35 027
28 294
35 560

Estimated living cost  is ₴17833 per week

₴12233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
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.
₴3736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4672
₴31420
-₴5304
₴42930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
21 841
pensions
-
-
-
2 058
other
-
-
-
183
total
-
-
-
25 286
Employee
18 536
-
71 600
-
pensions
2 087
-
3 774
-
health
2 122
-
8 198
-
income
2 543
-
16 424
-
total
6 752
-
28 396
-
Employer
18 536
-
71 600
-
pensions
3 014
-
5 450
-
unemployment
454
-
1 754
-
accident
310
-
1 196
-
total
3 778
-
8 400
-
Corporate
57 686
80 000
-
-
income

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

51 918
72 000
-
-
total
51 918
72 000
-
-
Dividends
5 769
8 000
-
-
withholding
1 096
1 520
-
-
total
1 096
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 544
73 520
36 796
25 286
After tax
16 456
6 480
43 204
54 714
Living cost
11 784
11 784
11 784
11 784
Free-cash
4 672
-5 304
31 420
42 930

Estimated living cost  is ₴11784 per week

₴8648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58397
₴49490
₴60692
₴38699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 000
income
-
-
-
13 093
health insurance
-
-
-
5 807
pensions
-
-
-
14 439
unemployment
-
-
-
942
work injury
-
-
-
392
total
-
-
-
34 673
Employee

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

10 605
-
80 000
-
unemployment
127
-
471
-
pensions
1 951
-
7 219
-
work injury
53
-
196
-
income
1 060
-
13 093
-
health insurance
785
-
2 903
-
total
3 976
-
23 882
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 395
80 000
-
-
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%.

694
800
-
-
total
694
800
-
-
Dividends
68 701
79 200
-
-
withholding
10 305
11 880
-
-
total
10 305
11 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 975
12 680
23 882
34 673
After tax
65 025
67 320
56 118
45 327
Living cost
6 628
6 628
6 628
6 628
Free-cash
58 397
60 692
49 490
38 699

Estimated living cost  is ₴6628 per week

₴4106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20332
₴14586
₴22567
₴18097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
municipal
-
-
-
535
regional
-
-
-
1 825
national
-
-
-
19 395
total
-
-
-
42 331
Employee
41 399
-
80 000
-
regional
625
-
1 619
-
municipal
247
-
477
-
national
6 996
-
16 770
-
social contributions
13 960
-
26 976
-
total
21 828
-
45 842
-
Employer
41 399
-
80 000
-
total
-
-
-
-
Corporate
38 601
80 000
-
-
municipal
1 861
3 856
-
-
nationa
9 264
19 200
-
-
total
11 125
23 056
-
-
Dividends
27 476
56 944
-
-
withholding
7 143
14 805
-
-
total
7 143
14 805
-
-
Income
80 000
80 000
80 000
80 000
Total tax
40 096
37 861
45 842
42 331
After tax
39 904
42 139
34 158
37 669
Living cost
19 572
19 572
19 572
19 572
Free-cash
20 332
22 567
14 586
18 097

Estimated living cost  is ₴19572 per week

₴13748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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