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
₴36014
₴24707
₴27201
₴30428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
23 501
trade
-
-
-
8 814
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.

-
-
-
3 532
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.

-
-
-
1 292
total
-
-
-
37 139
Employee

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

19 776
-
80 000
-
surtax

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

30
-
1 292
-
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.

3 532
-
3 532
-
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.

552
-
23 501
-
total
4 114
-
28 325
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 224
80 000
-
-
income
9 034
12 000
-
-
trade
9 485
12 600
-
-
surtax

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

496
660
-
-
chamber of commerce
165
193
-
-
total
19 180
25 453
-
-
Dividends
41 045
54 547
-
-
withholding
10 065
13 440
-
-
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.

553
739
-
-
total
10 618
14 179
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 912
39 632
28 325
37 139
After tax
46 088
40 368
51 675
42 861
Living cost
15 660
15 660
15 660
15 660
Free-cash
30 428
24 707
36 014
27 201

Estimated living cost  is ₴15660 per week

₴9851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20822
₴22652
₴20194
₴22199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 600
social contributions
-
-
-
860
municipal
-
-
-
8 659
national
-
-
-
13 419
total
-
-
-
32 538
Employee
42 270
-
69 159
-
municipal
5 221
-
8 969
-
pensions
1 691
-
2 766
-
national
8 090
-
13 899
-
total
15 002
-
25 634
-
Employer
42 270
-
69 159
-
social contributions
454
-
743
-
pensions
3 382
-
5 533
-
total
3 836
-
6 276
-
Corporate
31 105
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%.

6 221
16 000
-
-
total
6 221
16 000
-
-
Dividends
24 884
64 000
-
-
withholding
5 474
14 080
-
-
total
5 474
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 533
30 080
31 910
32 538
After tax
49 467
49 920
48 090
47 462
Living cost
27 268
27 268
27 268
27 268
Free-cash
22 199
22 652
20 822
20 194

Estimated living cost  is ₴27268 per week

₴18533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37669
₴53244
₴15779
₴49003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 255
microenterprise
-
-
-
-
social contributions

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

-
-
-
19 810
surtax
-
-
-
20 400
total
-
-
-
53 465
Employee
15 108
-
57 890
-
surtax
-
-
-
-
social contributions

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

1 662
-
6 368
-
income
2 689
-
11 262
-
total
4 351
-
17 630
-
Employer
15 108
-
57 890
-
surtax
-
-
-
-
social contributions

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

3 639
-
13 945
-
total
3 639
-
13 945
-
Corporate
61 253
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%.

12 251
16 000
-
-
total
12 251
16 000
-
-
Dividends

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

49 002
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
20 241
16 000
31 575
53 465
After tax
59 759
64 000
48 425
26 535
Living cost
10 756
10 756
10 756
10 756
Free-cash
49 003
53 244
37 669
15 779

Estimated living cost  is ₴10756 per week

₴6862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27120
₴17785
₴23278
₴14617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 629
pensions
-
-
-
6 058
health
-
-
-
6 376
total
-
-
-
35 063
Employee
44 153
44 153
70 391
-
pensions
7 947
6 058
6 058
-
health
6 777
5 764
6 376
-
income

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

7 227
7 227
9 178
-
total
21 951
19 049
21 612
-
Employer
44 153
44 153
70 391
-
health
3 069
3 069
3 814
-
unemployment
1 589
1 589
1 975
-
pensions
3 073
3 073
3 820
-
total
7 731
7 731
9 609
-
Corporate
28 657
28 116
-
-
income
5 732
5 623
-
-
total
5 732
5 623
-
-
Dividends
22 925
22 493
-
-
income
4 871
4 779
-
-
withholding
3 439
3 374
-
-
total
8 310
8 153
-
-
Income
80 000
80 000
80 000
80 000
Total tax
43 724
40 556
31 221
35 063
After tax
36 276
39 444
48 779
44 937
Living cost
21 659
21 659
21 659
21 659
Free-cash
14 617
17 785
27 120
23 278

Estimated living cost  is ₴21659 per week

₴15349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20375
₴22707
₴20883
₴22236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 969
other
-
-
-
5 341
unemployment
-
-
-
46
accident
-
-
-
92
health
-
-
-
2 868
municipal
-
-
-
19 885
national
-
-
-
4 943
total
-
-
-
38 144
Employee
29 884
-
65 558
-
municipal
8 911
-
19 549
-
national
-
-
4 661
-
total
8 911
-
24 210
-
Employer
29 884
-
65 558
-
accident
60
-
92
-
other
3 473
-
5 341
-
health
1 838
-
2 827
-
unemployment
789
-
1 213
-
pensions
3 230
-
4 969
-
total
9 390
-
14 442
-
Corporate
40 726
80 000
-
-
income
8 960
17 600
-
-
total
8 960
17 600
-
-
Dividends
31 766
62 400
-
-
withholding
9 530
18 720
-
-
total
9 530
18 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 791
36 320
38 652
38 144
After tax
43 209
43 680
41 348
41 856
Living cost
20 973
20 973
20 973
20 973
Free-cash
22 236
22 707
20 375
20 883

Estimated living cost  is ₴20973 per week

₴13900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2058
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.
₴4696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31364
₴19644
₴22159
₴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

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

-
-
-
80 000
income

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

-
-
-
23 501
trade
-
-
-
9 205
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.

-
-
-
3 532
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.

-
-
-
1 292
total
-
-
-
37 530
Employee

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

26 220
-
80 000
-
surtax

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

124
-
1 292
-
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.

3 532
-
3 532
-
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.

2 253
-
23 501
-
total
5 909
-
28 325
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 780
80 000
-
-
income
8 067
12 000
-
-
trade
8 847
13 160
-
-
surtax

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

443
660
-
-
chamber of commerce
155
192
-
-
total
17 512
26 012
-
-
Dividends
36 267
53 987
-
-
withholding
8 871
13 301
-
-
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.

488
732
-
-
total
9 359
14 033
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 780
40 045
28 325
37 530
After tax
47 220
39 955
51 675
42 470
Living cost
20 311
20 311
20 311
20 311
Free-cash
26 909
19 644
31 364
22 159

Estimated living cost  is ₴20311 per week

₴13584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37729
₴41626
₴38465
₴39482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 360
social contributions
-
-
-
8 365
health
-
-
-
2 040
total
-
-
-
24 765
Employee
39 757
39 757
74 177
-
social contributions
1 932
3 300
4 451
-
health
395
676
1 261
-
income
4 175
3 680
13 965
-
total
6 502
7 656
19 677
-
Employer
39 757
39 757
74 177
-
health
431
736
1 373
-
social contributions
1 932
3 300
4 451
-
total
2 363
4 036
5 824
-
Corporate
54 365
36 207
-
-
income
6 796
4 526
-
-
total
6 796
4 526
-
-
Dividends
47 570
31 681
-
-
withholding
8 087
5 386
-
-
total
8 087
5 386
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 748
21 604
25 501
24 765
After tax
56 252
58 396
54 499
55 235
Living cost
16 770
16 770
16 770
16 770
Free-cash
39 482
41 626
37 729
38 465

Estimated living cost  is ₴16770 per week

₴11464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
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.
₴3715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35988
₴34593
₴45031
₴34810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 780
pensions
-
-
-
8 000
unemployment
-
-
-
1 200
health
-
-
-
5 600
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.

14 996
5 968
66 946
-
unemployment
225
90
1 004
-
pensions
1 500
597
6 695
-
health
1 050
418
4 686
-
income
1 833
730
8 184
-
total
4 608
1 835
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.

14 996
5 968
66 946
-
pensions
2 924
1 164
13 054
-
total
2 924
1 164
13 054
-
Corporate
62 080
72 868
-
-
income
5 587
6 558
-
-
total
5 587
6 558
-
-
Dividends
56 492
66 310
-
-
withholding
10 734
12 599
-
-
social contributions
10 948
12 862
-
-
total
21 682
25 461
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 801
35 018
33 623
24 580
After tax
45 199
44 982
46 377
55 420
Living cost
10 389
10 389
10 389
10 389
Free-cash
34 810
34 593
35 988
45 031

Estimated living cost  is ₴10389 per week

₴7089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33623
₴51512
₴30392
₴48301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 720
pensions
-
-
-
16 000
health
-
-
-
10 400
total
-
-
-
37 120
Employee
14 667
-
59 790
-
unemployment
234
-
957
-
pensions
293
-
1 196
-
income
1 651
-
11 528
-
total
2 178
-
13 681
-
Employer
14 667
-
59 790
-
health
1 906
-
7 773
-
unemployment
118
-
478
-
pensions
2 934
-
11 957
-
total
4 958
-
20 208
-
Corporate
60 375
80 000
-
-
income
12 075
16 000
-
-
total
12 075
16 000
-
-
Dividends
48 300
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
19 211
16 000
33 889
37 120
After tax
60 789
64 000
46 111
42 880
Living cost
12 488
12 488
12 488
12 488
Free-cash
48 301
51 512
33 623
30 392

Estimated living cost  is ₴12488 per week

₴8566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31647
-₴4929
₴43320
₴4730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 659
pensions
-
-
-
2 158
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 131
total
-
-
-
25 271
Employee
17 947
-
71 347
-
pensions
2 021
-
3 956
-
health
2 055
-
8 169
-
income
2 462
-
16 166
-
total
6 538
-
28 291
-
Employer
17 947
-
71 347
-
accident
300
-
1 192
-
unemployment
440
-
1 748
-
pensions
2 918
-
5 713
-
total
3 658
-
8 653
-
Corporate
58 396
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.

52 556
72 000
-
-
total
52 556
72 000
-
-
Dividends
5 840
8 000
-
-
withholding
1 109
1 520
-
-
total
1 109
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 861
73 520
36 944
25 271
After tax
16 139
6 480
43 056
54 729
Living cost
11 409
11 409
11 409
11 409
Free-cash
4 730
-4 929
31 647
43 320

Estimated living cost  is ₴11409 per week

₴8362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴59562
₴71562
₴74762
₴70730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 548
-
80 000
-
income
1 109
-
16 000
-
total
1 109
-
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%.

74 452
80 000
-
-
total
-
-
-
-
Dividends
74 452
80 000
-
-
withholding
3 723
4 000
-
-
total
3 723
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
4 832
4 000
16 000
800
After tax
75 168
76 000
64 000
79 200
Living cost
4 438
4 438
4 438
4 438
Free-cash
70 730
71 562
59 562
74 762

Estimated living cost  is ₴4438 per week

₴2750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴122
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31828
₴44999
₴28863
₴41508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 296
pensions

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

-
-
-
18 870
other
-
-
-
3 734
health
-
-
-
3 460
total
-
-
-
37 360
Employee
18 773
-
63 898
-
unemployment
187
-
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.

1 314
-
4 473
-
health
263
-
895
-
income
3 232
-
12 285
-
total
4 996
-
18 292
-
Employer
18 773
-
63 898
-
accident
150
-
511
-
other
939
-
3 195
-
health
263
-
895
-
unemployment
187
-
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.

3 192
-
10 863
-
total
4 731
-
16 103
-
Corporate
56 496
80 000
-
-
income
11 864
16 800
-
-
total
11 864
16 800
-
-
Dividends
44 632
63 200
-
-
withholding
3 124
4 424
-
-
total
3 124
4 424
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 715
21 224
34 395
37 360
After tax
55 285
58 776
45 605
42 640
Living cost
13 777
13 777
13 777
13 777
Free-cash
41 508
44 999
31 828
28 863

Estimated living cost  is ₴13777 per week

₴9734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11941
₴18929
₴19243
₴18170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 667
pensions
-
-
-
4 436
total
-
-
-
26 103
Employee
49 030
-
69 989
-
pensions
4 730
-
5 539
-
health
808
-
1 058
-
income
8 838
-
16 798
-
total
14 376
-
23 395
-
Employer
49 030
-
69 989
-
health
931
-
1 329
-
pensions
5 789
-
8 681
-
total
6 720
-
10 010
-
Corporate
24 249
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.

4 607
15 200
-
-
total
4 607
15 200
-
-
Dividends
19 642
64 800
-
-
withholding
1 473
11 217
-
-
total
1 473
11 217
-
-
Income
80 000
80 000
80 000
80 000
Total tax
27 176
26 417
33 405
26 103
After tax
52 824
53 583
46 595
53 897
Living cost
34 654
34 654
34 654
34 654
Free-cash
18 170
18 929
11 941
19 243

Estimated living cost  is ₴34654 per week

₴25967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4072
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.
₴4334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴59224
₴61517
₴56221
₴59079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 000
pensions

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

-
-
-
2 714
unemployment
-
-
-
73
health
-
-
-
2 109
total
-
-
-
16 896
Employee
9 114
-
76 402
-
pensions

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

800
-
1 610
-
health
419
-
843
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
income
911
-
7 640
-
total
2 230
-
10 295
-
Employer
9 114
-
76 402
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
health
629
-
1 265
-
unemployment
55
-
110
-
pensions

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

1 004
-
2 021
-
total
1 788
-
3 598
-
Corporate
69 098
80 000
-
-
income
6 910
8 000
-
-
total
6 910
8 000
-
-
Dividends
62 188
72 000
-
-
withholding
3 110
3 600
-
-
total
3 110
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 038
11 600
13 893
16 896
After tax
65 962
68 400
66 107
63 104
Living cost
6 883
6 883
6 883
6 883
Free-cash
59 079
61 517
59 224
56 221

Estimated living cost  is ₴6883 per week

₴4018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20109
₴10774
₴16267
₴12074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 629
pensions
-
-
-
6 058
health
-
-
-
6 376
total
-
-
-
35 063
Employee
47 935
44 153
70 391
-
pensions
6 058
6 058
6 058
-
health
5 980
5 764
6 376
-
income

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

7 227
7 227
9 178
-
total
19 265
19 049
21 612
-
Employer
47 935
44 153
70 391
-
health
3 331
3 069
3 814
-
unemployment
1 726
1 589
1 975
-
pensions
3 336
3 073
3 820
-
total
8 393
7 731
9 609
-
Corporate
23 672
28 116
-
-
income
4 734
5 623
-
-
total
4 734
5 623
-
-
Dividends
18 937
22 493
-
-
income
4 024
4 779
-
-
withholding
2 840
3 374
-
-
total
6 864
8 153
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 256
40 556
31 221
35 063
After tax
40 744
39 444
48 779
44 937
Living cost
28 670
28 670
28 670
28 670
Free-cash
12 074
10 774
20 109
16 267

Estimated living cost  is ₴28670 per week

₴21149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27714
₴42197
₴30180
₴37601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 599
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 538
health
-
-
-
10 800
total
-
-
-
36 937
Employee
18 945
-
59 702
-
social contributions
1 231
-
3 881
-
solidarity contribution
-
-
-
-
health
2 558
-
8 060
-
income
2 273
-
7 164
-
total
6 062
-
19 105
-
Employer
18 945
-
59 702
-
health
1 705
-
5 373
-
social contributions
4 736
-
14 925
-
total
6 441
-
20 298
-
Corporate
54 614
80 000
-
-
income
10 377
15 200
-
-
total
10 377
15 200
-
-
Dividends
44 237
64 800
-
-
withholding
6 636
9 720
-
-
total
6 636
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 516
24 920
39 403
36 937
After tax
50 484
55 080
40 597
43 063
Living cost
12 883
12 883
12 883
12 883
Free-cash
37 601
42 197
27 714
30 180

Estimated living cost  is ₴12883 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13422
₴20867
₴17065
₴18167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
932
social contributions
-
-
-
20 576
municipal
-
-
-
476
national
-
-
-
19 134
total
-
-
-
41 118
Employee
45 951
-
80 000
-
municipal
243
-
424
-
social contributions
15 495
-
26 976
-
regional
434
-
822
-
national
7 962
-
16 539
-
total
24 134
-
44 761
-
Employer
45 951
-
80 000
-
total
-
-
-
-
Corporate
34 049
80 000
-
-
nationa
8 172
19 200
-
-
municipal
1 328
3 120
-
-
total
9 500
22 320
-
-
Dividends
24 550
57 679
-
-
withholding
6 382
14 996
-
-
total
6 382
14 996
-
-
Income
80 000
80 000
80 000
80 000
Total tax
40 016
37 316
44 761
41 118
After tax
39 984
42 684
35 239
38 882
Living cost
21 817
21 817
21 817
21 817
Free-cash
18 167
20 867
13 422
17 065

Estimated living cost  is ₴21817 per week

₴15208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23807
₴38911
₴26556
₴37301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 271
pensions
-
-
-
13 801
other
-
-
-
-
unemployment
-
-
-
118
health
-
-
-
4 899
surtax
-
-
-
2 946
total
-
-
-
42 035
Employee
17 098
-
66 089
-
unemployment
1 190
-
4 600
-
surtax
56
-
2 512
-
pensions
1 140
-
4 408
-
health
437
-
1 685
-
other
-
-
-
-
income
2 866
-
17 668
-
total
5 689
-
30 873
-
Employer
17 098
-
66 089
-
other
-
-
-
-
health
778
-
3 006
-
unemployment
542
-
2 095
-
pensions
2 279
-
8 810
-
total
3 599
-
13 911
-
Corporate
59 303
80 000
-
-
income
15 419
20 800
-
-
total
15 419
20 800
-
-
Dividends
43 884
59 200
-
-
withholding
6 583
8 880
-
-
total
6 583
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 290
29 680
44 784
42 035
After tax
48 710
50 320
35 216
37 965
Living cost
11 409
11 409
11 409
11 409
Free-cash
37 301
38 911
23 807
26 556

Estimated living cost  is ₴11409 per week

₴6976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22920
₴29908
₴30222
₴32187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 667
pensions
-
-
-
4 436
total
-
-
-
26 103
Employee
32 859
-
69 989
-
pensions
2 789
-
5 539
-
health
477
-
1 058
-
income
5 918
-
16 798
-
total
9 184
-
23 395
-
Employer
32 859
-
69 989
-
health
624
-
1 329
-
pensions
3 557
-
8 681
-
total
4 181
-
10 010
-
Corporate
42 960
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.

8 163
15 200
-
-
total
8 163
15 200
-
-
Dividends
34 797
64 800
-
-
withholding
2 610
11 217
-
-
total
2 610
11 217
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 138
26 417
33 405
26 103
After tax
55 862
53 583
46 595
53 897
Living cost
23 675
23 675
23 675
23 675
Free-cash
32 187
29 908
22 920
30 222

Estimated living cost  is ₴23675 per week

₴17737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20184
-₴4807
₴24077
₴12903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 571
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
city
-
-
-
843
health
-
-
-
180
national
-
-
-
980
total
-
-
-
14 534
Employee
48 436
-
71 603
-
city
520
-
770
-
unemployment
-
-
-
-
pensions
4 069
-
6 016
-
regional
1 586
-
3 073
-
health
109
-
162
-
national
229
-
796
-
total
6 513
-
10 817
-
Employer
48 436
-
71 603
-
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.

968
-
1 432
-
health
109
-
162
-
unemployment
-
-
-
-
pensions
4 069
-
6 016
-
total
5 146
-
7 610
-
Corporate
25 885
80 000
-
-
national
2 200
6 800
-
-
regional
5 475
16 920
-
-
total
7 675
23 720
-
-
Dividends
18 210
56 280
-
-
withholding
6 374
19 698
-
-
total
6 374
19 698
-
-
Income
80 000
80 000
80 000
80 000
Total tax
25 708
43 418
18 427
14 534
After tax
54 292
36 582
61 573
65 466
Living cost
41 389
41 389
41 389
41 389
Free-cash
12 903
-4 807
20 184
24 077

Estimated living cost  is ₴41389 per week

₴26915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27989
₴15859
₴18391
₴24244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
23 501
trade
-
-
-
9 598
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.

-
-
-
3 532
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.

-
-
-
1 292
total
-
-
-
37 923
Employee

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

31 073
-
80 000
-
surtax

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

201
-
1 292
-
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.

3 532
-
3 532
-
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.

3 654
-
23 501
-
total
7 387
-
28 325
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 927
80 000
-
-
income
7 339
12 000
-
-
trade
8 391
13 720
-
-
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.

403
660
-
-
chamber of commerce
147
191
-
-
total
16 280
26 571
-
-
Dividends
32 647
53 429
-
-
withholding
7 965
13 160
-
-
surtax

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

438
724
-
-
total
8 403
13 884
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 070
40 455
28 325
37 923
After tax
47 930
39 545
51 675
42 077
Living cost
23 686
23 686
23 686
23 686
Free-cash
24 244
15 859
27 989
18 391

Estimated living cost  is ₴23686 per week

₴17299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27513
₴22631
₴27572
₴25685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 622
pensions
-
-
-
15 320
social contributions
-
-
-
2 280
other
-
-
-
2 480
health
-
-
-
3 037
surtax
-
-
-
-
total
-
-
-
34 739
Employee
22 128
-
62 609
-
surtax
-
-
-
-
pensions
2 502
-
4 065
-
social contributions
631
-
1 784
-
income
1 306
-
11 559
-
total
4 439
-
17 408
-
Employer
22 128
-
62 609
-
other
763
-
2 320
-
health
1 549
-
5 452
-
unemployment
896
-
2 535
-
social contributions
67
-
187
-
pensions
3 635
-
6 896
-
total
6 910
-
17 390
-
Corporate
50 961
80 000
-
-
income
14 269
22 400
-
-
surtax
-
-
-
-
total
14 269
22 400
-
-
Dividends
36 692
57 600
-
-
withholding
4 697
7 372
-
-
surtax
-
-
-
-
social contributions
6 311
9 908
-
-
total
11 008
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 626
39 680
34 798
34 739
After tax
43 374
40 320
45 202
45 261
Living cost
17 689
17 689
17 689
17 689
Free-cash
25 685
22 631
27 513
27 572

Estimated living cost  is ₴17689 per week

₴11154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29265
₴24383
₴29324
₴27257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 622
pensions
-
-
-
15 320
social contributions
-
-
-
2 280
other
-
-
-
2 480
health
-
-
-
3 037
surtax
-
-
-
-
total
-
-
-
34 739
Employee
19 753
-
62 609
-
surtax
-
-
-
-
pensions
2 234
-
4 065
-
social contributions
563
-
1 784
-
income
1 018
-
11 559
-
total
3 815
-
17 408
-
Employer
19 753
-
62 609
-
other
682
-
2 320
-
health
1 382
-
5 452
-
unemployment
800
-
2 535
-
social contributions
59
-
187
-
pensions
3 246
-
6 896
-
total
6 169
-
17 390
-
Corporate
54 079
80 000
-
-
income
15 142
22 400
-
-
surtax
-
-
-
-
total
15 142
22 400
-
-
Dividends
38 936
57 600
-
-
withholding
4 984
7 372
-
-
surtax
-
-
-
-
social contributions
6 696
9 908
-
-
total
11 680
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 806
39 680
34 798
34 739
After tax
43 194
40 320
45 202
45 261
Living cost
15 937
15 937
15 937
15 937
Free-cash
27 257
24 383
29 265
29 324

Estimated living cost  is ₴15937 per week

₴9243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴39088
₴37843
₴40412
₴38111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 000
social contributions
-
-
-
11 040
health
-
-
-
5 584
total
-
-
-
28 624
Employee
17 530
-
80 000
-
social contributions
2 420
-
11 040
-
health
1 224
-
5 584
-
income
2 924
-
13 324
-
total
6 568
-
29 948
-
Employer
17 530
-
80 000
-
total
-
-
-
-
Corporate
62 470
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%.

3 123
4 000
-
-
total
3 123
4 000
-
-
Dividends
59 346
76 000
-
-
withholding
8 902
11 400
-
-
health
4 142
5 305
-
-
social contributions
8 190
10 488
-
-
total
21 234
27 193
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 925
31 193
29 948
28 624
After tax
49 075
48 807
50 052
51 376
Living cost
10 964
10 964
10 964
10 964
Free-cash
38 111
37 843
39 088
40 412

Estimated living cost  is ₴10964 per week

₴7337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
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.
₴2697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2694
₴26152
₴22811
₴25352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 583
pensions
-
-
-
11 175
unemployment
-
-
-
3 171
health
-
-
-
4 620
chamber of commerce
-
-
-
320
surtax
-
-
-
102
total
-
-
-
38 971
Employee
25 839
20 605
62 371
-
unemployment
775
618
1 812
-
pensions
2 646
2 110
6 185
-
health
1 000
798
2 337
-
other
258
206
604
-
income
2 942
1 520
15 420
-
total
7 621
5 252
26 358
-
Employer
25 839
20 605
62 371
-
surtax
102
102
102
-
accident
336
268
785
-
other
1 227
978
2 945
-
health
976
779
2 283
-
unemployment
775
618
1 812
-
chamber of commerce
103
82
249
-
payroll
775
618
1 871
-
pensions
3 243
2 586
7 581
-
total
7 537
6 031
17 628
-
Corporate
46 624
53 363
60 409
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

11 656
13 341
15 102
-
total
11 656
13 341
15 102
-
Dividends
34 967
40 022
-
-
withholding
9 616
11 006
-
-
total
9 616
11 006
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 430
35 630
59 088
38 971
After tax
43 570
44 370
20 912
41 029
Living cost
18 218
18 218
18 218
18 218
Free-cash
25 352
26 152
2 694
22 811

Estimated living cost  is ₴18218 per week

₴12151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴9930
₴25912
₴15948
₴18157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 052
social contributions
-
-
-
12 463
national
-
-
-
28 685
total
-
-
-
45 200
Employee

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

36 984
-
61 962
-
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.

322
-
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.

2 774
-
4 647
-
communal

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

1 929
-
3 232
-
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.

1 738
-
2 912
-
national
11 370
-
21 849
-
total
18 133
-
33 179
-
Employer

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

36 984
-
61 962
-
surtax
4 194
-
7 027
-
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.

481
-
806
-
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.

2 274
-
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.

540
-
905
-
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.

3 277
-
5 490
-
total
10 766
-
18 039
-
Corporate
32 251
80 000
-
-
income
6 450
16 000
-
-
surtax
129
320
-
-
total
6 579
16 320
-
-
Dividends
25 672
63 680
-
-
withholding

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

7 513
18 916
-
-
total
7 513
18 916
-
-
Income
80 000
80 000
80 000
80 000
Total tax
42 991
35 236
51 218
45 200
After tax
37 009
44 764
28 782
34 800
Living cost
18 852
18 852
18 852
18 852
Free-cash
18 157
25 912
9 930
15 948

Estimated living cost  is ₴18852 per week

₴12143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24178
₴34787
₴26347
₴31048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 603
pensions
-
-
-
13 562
other
-
-
-
48
unemployment
-
-
-
336
accident
-
-
-
432
total
-
-
-
34 981
Employee
25 737
-
64 722
-
unemployment
399
-
743
-
pensions
1 210
-
2 253
-
other
26
-
48
-
income
5 430
-
18 828
-
total
7 065
-
21 872
-
Employer
25 737
-
64 722
-
accident
509
-
949
-
other
205
-
384
-
unemployment
1 416
-
2 635
-
pensions
6 073
-
11 310
-
total
8 203
-
15 278
-
Corporate
46 060
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.

6 909
12 000
-
-
total
6 909
12 000
-
-
Dividends
39 150
68 000
-
-
withholding
8 103
14 541
-
-
total
8 103
14 541
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 280
26 541
37 150
34 981
After tax
49 720
53 459
42 850
45 019
Living cost
18 672
18 672
18 672
18 672
Free-cash
31 048
34 787
24 178
26 347

Estimated living cost  is ₴18672 per week

₴13750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴15884
₴19336
₴12696
₴13279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 899
communal
-
-
-
5 056
pensions
-
-
-
11 991
accident
-
-
-
674
health
-
-
-
5 620
surtax
-
-
-
3 966
total
-
-
-
39 206
Employee
39 154
-
71 461
-
surtax
2 400
-
4 380
-
pensions
3 132
-
5 717
-
health
1 743
-
3 180
-
income
3 782
-
14 202
-
total
11 057
-
27 479
-
Employer
39 154
-
71 461
-
accident
352
-
643
-
health
1 194
-
2 179
-
pensions
3 132
-
5 717
-
total
4 678
-
8 539
-
Corporate
36 167
80 000
-
-
income
5 425
12 000
-
-
surtax
380
840
-
-
communal
2 441
5 400
-
-
total
8 246
18 240
-
-
Dividends
27 922
61 760
-
-
income
10 453
5 062
-
-
withholding
4 189
9 264
-
-
total
14 642
14 326
-
-
Income
80 000
80 000
80 000
80 000
Total tax
38 623
32 566
36 018
39 206
After tax
41 377
47 434
43 982
40 794
Living cost
28 098
28 098
28 098
28 098
Free-cash
13 279
19 336
15 884
12 696

Estimated living cost  is ₴28098 per week

₴21077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1702
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23603
₴38707
₴26352
₴37063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 271
pensions
-
-
-
13 801
other
-
-
-
-
unemployment
-
-
-
118
health
-
-
-
4 899
surtax
-
-
-
2 946
total
-
-
-
42 035
Employee
17 412
-
66 089
-
unemployment
1 212
-
4 600
-
surtax
62
-
2 512
-
pensions
1 162
-
4 408
-
health
444
-
1 685
-
other
-
-
-
-
income
2 919
-
17 668
-
total
5 799
-
30 873
-
Employer
17 412
-
66 089
-
other
-
-
-
-
health
792
-
3 006
-
unemployment
552
-
2 095
-
pensions
2 321
-
8 810
-
total
3 665
-
13 911
-
Corporate
58 923
80 000
-
-
income
15 320
20 800
-
-
total
15 320
20 800
-
-
Dividends
43 603
59 200
-
-
withholding
6 540
8 880
-
-
total
6 540
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 324
29 680
44 784
42 035
After tax
48 676
50 320
35 216
37 965
Living cost
11 613
11 613
11 613
11 613
Free-cash
37 063
38 707
23 603
26 352

Estimated living cost  is ₴11613 per week

₴7011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21056
₴28122
₴24680
₴26974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 206
social contributions
-
-
-
20 576
municipal
-
-
-
476
national
-
-
-
19 134
total
-
-
-
41 392
Employee
28 681
-
80 000
-
municipal
152
-
424
-
social contributions
9 671
-
26 976
-
regional
386
-
1 077
-
national
4 544
-
16 539
-
total
14 753
-
45 016
-
Employer
28 681
-
80 000
-
total
-
-
-
-
Corporate
51 319
80 000
-
-
nationa
12 317
19 200
-
-
municipal
2 551
3 976
-
-
total
14 868
23 176
-
-
Dividends
36 452
56 824
-
-
withholding
9 477
14 774
-
-
total
9 477
14 774
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 098
37 950
45 016
41 392
After tax
40 902
42 050
34 984
38 608
Living cost
13 928
13 928
13 928
13 928
Free-cash
26 974
28 122
21 056
24 680

Estimated living cost  is ₴13928 per week

₴8662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24722
₴39205
₴27188
₴33543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 599
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 538
health
-
-
-
10 800
total
-
-
-
36 937
Employee
23 345
-
59 702
-
social contributions
1 517
-
3 881
-
solidarity contribution
-
-
-
-
health
3 152
-
8 060
-
income
2 801
-
7 164
-
total
7 470
-
19 105
-
Employer
23 345
-
59 702
-
health
2 101
-
5 373
-
social contributions
5 836
-
14 925
-
total
7 937
-
20 298
-
Corporate
48 717
80 000
-
-
income
9 256
15 200
-
-
total
9 256
15 200
-
-
Dividends
39 461
64 800
-
-
withholding
5 919
9 720
-
-
total
5 919
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 582
24 920
39 403
36 937
After tax
49 418
55 080
40 597
43 063
Living cost
15 875
15 875
15 875
15 875
Free-cash
33 543
39 205
24 722
27 188

Estimated living cost  is ₴15875 per week

₴11806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
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.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4447
₴27931
₴24636
₴27673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 583
pensions
-
-
-
11 175
unemployment
-
-
-
3 171
health
-
-
-
4 620
chamber of commerce
-
-
-
320
surtax
-
-
-
-
total
-
-
-
38 869
Employee
22 601
20 605
62 466
-
unemployment
678
618
1 812
-
pensions
2 315
2 110
6 185
-
health
874
798
2 337
-
other
226
206
604
-
income
2 013
1 520
15 460
-
total
6 106
5 252
26 398
-
Employer
22 601
20 605
62 466
-
surtax
-
-
-
-
accident
293
268
785
-
other
1 073
978
2 949
-
health
855
779
2 283
-
unemployment
678
618
1 812
-
chamber of commerce
90
82
250
-
payroll
678
618
1 874
-
pensions
2 837
2 586
7 581
-
total
6 504
5 929
17 534
-
Corporate
50 895
53 465
60 503
-
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.

12 724
13 366
15 126
-
total
12 724
13 366
15 126
-
Dividends
38 171
40 099
-
-
withholding
10 498
11 027
-
-
total
10 498
11 027
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 832
35 574
59 058
38 869
After tax
44 168
44 426
20 942
41 131
Living cost
16 495
16 495
16 495
16 495
Free-cash
27 673
27 931
4 447
24 636

Estimated living cost  is ₴16495 per week

₴9895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57084
₴69084
₴72284
₴67787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 645
-
80 000
-
income
1 729
-
16 000
-
total
1 729
-
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%.

71 355
80 000
-
-
total
-
-
-
-
Dividends
71 355
80 000
-
-
withholding
3 568
4 000
-
-
total
3 568
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
5 297
4 000
16 000
800
After tax
74 703
76 000
64 000
79 200
Living cost
6 916
6 916
6 916
6 916
Free-cash
67 787
69 084
57 084
72 284

Estimated living cost  is ₴6916 per week

₴4680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴290
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.
₴1714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23647
₴41212
₴25766
₴36886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 764
pensions
-
-
-
14 610
unemployment
-
-
-
120
health
-
-
-
7 872
total
-
-
-
40 366
Employee

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

22 863
-
69 222
-
unemployment
32
-
97
-
pensions
3 544
-
10 729
-
health
1 477
-
4 472
-
income
3 943
-
16 409
-
total
8 996
-
31 707
-
Employer

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

22 863
-
69 222
-
health
1 523
-
4 611
-
unemployment
14
-
41
-
pensions
2 023
-
6 126
-
total
3 560
-
10 778
-
Corporate
53 577
80 000
-
-
income
10 180
15 200
-
-
total
10 180
15 200
-
-
Dividends
43 397
64 800
-
-
withholding
6 510
9 720
-
-
total
6 510
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 246
24 920
42 485
40 366
After tax
50 754
55 080
37 515
39 634
Living cost
13 868
13 868
13 868
13 868
Free-cash
36 886
41 212
23 647
25 766

Estimated living cost  is ₴13868 per week

₴9517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49725
₴25471
₴32085
-₴173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 594
social contributions
-
-
-
9 120
total
-
-
-
24 714
Employee
33 266
-
-
-
social contributions
2 728
-
389
-
income
7 338
-
-
-
total
10 066
-
389
-
Employer
33 266
-
-
-
social contributions
46 906
-
6 685
-
total
46 906
-
6 685
-
Corporate
-
80 000
-
-
income
-
17 600
-
-
total
-
17 600
-
-
Dividends
-
62 400
-
-
income
-
13 728
-
-
total
-
13 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
56 972
31 328
7 074
24 714
After tax
23 028
48 672
72 926
55 286
Living cost
23 201
23 201
23 201
23 201
Free-cash
-173
25 471
49 725
32 085

Estimated living cost  is ₴23201 per week

₴15053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2182
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.
₴5669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21270
₴29286
₴27019
₴28766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 963
social contributions

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

-
-
-
27 800
surtax
-
-
-
-
total
-
-
-
36 763
Employee
23 780
-
64 647
-
surtax
-
-
-
-
social contributions
2 616
-
7 112
-
income
4 946
-
20 047
-
total
7 562
-
27 159
-
Employer
23 780
-
64 647
-
social contributions
5 648
-
15 353
-
total
5 648
-
15 353
-
Corporate
50 573
80 000
-
-
income
10 620
16 800
-
-
surtax
-
-
-
-
total
10 620
16 800
-
-
Dividends
39 953
63 200
-
-
withholding
11 186
17 696
-
-
total
11 186
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 016
34 496
42 512
36 763
After tax
44 984
45 504
37 488
43 237
Living cost
16 218
16 218
16 218
16 218
Free-cash
28 766
29 286
21 270
27 019

Estimated living cost  is ₴16218 per week

₴12134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴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 Lisbon model

Close
Paris , France
₴20230
₴15348
₴20289
₴18902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 622
pensions
-
-
-
15 320
social contributions
-
-
-
2 280
other
-
-
-
2 480
health
-
-
-
3 037
surtax
-
-
-
-
total
-
-
-
34 739
Employee
32 383
-
62 609
-
surtax
-
-
-
-
pensions
3 663
-
4 065
-
social contributions
922
-
1 784
-
income
2 825
-
11 559
-
total
7 410
-
17 408
-
Employer
32 383
-
62 609
-
other
1 118
-
2 320
-
health
2 266
-
5 452
-
unemployment
1 312
-
2 535
-
social contributions
97
-
187
-
pensions
5 321
-
6 896
-
total
10 114
-
17 390
-
Corporate
37 503
80 000
-
-
income
10 500
22 400
-
-
surtax
-
-
-
-
total
10 500
22 400
-
-
Dividends
27 003
57 600
-
-
withholding
3 457
7 372
-
-
surtax
-
-
-
-
social contributions
4 645
9 908
-
-
total
8 102
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 126
39 680
34 798
34 739
After tax
43 874
40 320
45 202
45 261
Living cost
24 972
24 972
24 972
24 972
Free-cash
18 902
15 348
20 230
20 289

Estimated living cost  is ₴24972 per week

₴16901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴45884
₴56458
₴43758
₴54721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 100
social contributions
-
-
-
17 600
total
-
-
-
20 700
Employee
16 622
-
69 263
-
income
-
-
3 336
-
social contributions
1 080
-
4 503
-
total
1 080
-
7 839
-
Employer
16 622
-
69 263
-
social contributions
2 577
-
10 735
-
total
2 577
-
10 735
-
Corporate
60 801
80 000
-
-
income
6 080
8 000
-
-
total
6 080
8 000
-
-
Dividends
54 721
72 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
9 737
8 000
18 574
20 700
After tax
70 263
72 000
61 426
59 300
Living cost
15 542
15 542
15 542
15 542
Free-cash
54 721
56 458
45 884
43 758

Estimated living cost  is ₴15542 per week

₴10049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32446
-₴32446
₴22959
-₴32446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
447
labour market
-
-
-
6 364
municipal
-
-
-
16 340
national
-
-
-
9 035
total
-
-
-
32 186
Employee
104 909
104 909
104 909
-
municipal
22 340
22 340
22 340
-
labour market
8 381
8 381
8 381
-
pensions
149
149
149
-
national
12 816
12 816
12 816
-
total
43 686
43 686
43 686
-
Employer
104 909
104 909
104 909
-
municipal
22 375
22 375
22 375
-
national
12 839
12 839
12 839
-
labour market
8 393
8 393
8 393
-
pensions
298
298
298
-
total
43 905
43 905
43 905
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
87 591
87 591
87 591
32 186
After tax
-7 591
-7 591
-7 591
47 814
Living cost
24 855
24 855
24 855
24 855
Free-cash
-32 446
-32 446
-32 446
22 959

Estimated living cost  is ₴24855 per week

₴17011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2199
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31815
-₴4761
₴43488
₴4755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 659
pensions
-
-
-
2 158
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 131
total
-
-
-
25 271
Employee
17 682
-
71 347
-
pensions
1 991
-
3 956
-
health
2 025
-
8 169
-
income
2 426
-
16 166
-
total
6 442
-
28 291
-
Employer
17 682
-
71 347
-
accident
295
-
1 192
-
unemployment
433
-
1 748
-
pensions
2 875
-
5 713
-
total
3 603
-
8 653
-
Corporate
58 714
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.

52 843
72 000
-
-
total
52 843
72 000
-
-
Dividends
5 871
8 000
-
-
withholding
1 116
1 520
-
-
total
1 116
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 004
73 520
36 944
25 271
After tax
15 996
6 480
43 056
54 729
Living cost
11 241
11 241
11 241
11 241
Free-cash
4 755
-4 761
31 815
43 488

Estimated living cost  is ₴11241 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
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.
₴2207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22819
₴30967
₴33359
₴32003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 016
municipal
-
-
-
14 217
national
-
-
-
11 558
total
-
-
-
26 791
Employee
27 202
-
67 300
-
unemployment
408
-
1 010
-
municipal
4 455
-
10 967
-
pensions
1 836
-
4 543
-
health
203
-
820
-
national
449
-
7 290
-
total
7 351
-
24 630
-
Employer
27 202
-
67 300
-
accident
27
-
68
-
health
209
-
518
-
unemployment
177
-
438
-
pensions
4 719
-
11 677
-
total
5 132
-
12 701
-
Corporate
47 665
80 000
-
-
income
9 533
16 000
-
-
total
9 533
16 000
-
-
Dividends

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

28 599
48 000
-
-
municipal
5 148
8 640
-
-
national
983
4 543
-
-
total
6 131
13 183
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 147
29 183
37 331
26 791
After tax
51 853
50 817
42 669
53 209
Living cost
19 850
19 850
19 850
19 850
Free-cash
32 003
30 967
22 819
33 359

Estimated living cost  is ₴19850 per week

₴12966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42528
₴46425
₴43264
₴43612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 360
social contributions
-
-
-
8 365
health
-
-
-
2 040
total
-
-
-
24 765
Employee
39 757
39 757
74 177
-
social contributions
1 503
3 300
4 451
-
health
308
676
1 261
-
income
4 329
3 680
13 965
-
total
6 140
7 656
19 677
-
Employer
39 757
39 757
74 177
-
health
335
736
1 373
-
social contributions
1 503
3 300
4 451
-
total
1 838
4 036
5 824
-
Corporate
60 051
36 207
-
-
income
7 506
4 526
-
-
total
7 506
4 526
-
-
Dividends
52 545
31 681
-
-
withholding
8 933
5 386
-
-
total
8 933
5 386
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 417
21 604
25 501
24 765
After tax
55 583
58 396
54 499
55 235
Living cost
11 971
11 971
11 971
11 971
Free-cash
43 612
46 425
42 528
43 264

Estimated living cost  is ₴11971 per week

₴7174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48198
₴58039
₴58568
₴55409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 048
pensions
-
-
-
3 289
unemployment
-
-
-
15
health
-
-
-
1 871
total
-
-
-
13 223
Employee

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

11 868
-
74 947
-
unemployment
59
-
245
-
pensions
1 780
-
7 359
-
health
1 009
-
4 170
-
income
811
-
6 766
-
total
3 659
-
18 540
-
Employer

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

11 868
-
74 947
-
health
510
-
2 110
-
unemployment
59
-
245
-
pensions
652
-
2 698
-
total
1 221
-
5 053
-
Corporate
66 911
80 000
-
-
income
6 022
7 200
-
-
total
6 022
7 200
-
-
Dividends
60 888
72 800
-
-
withholding
5 480
6 552
-
-
total
5 480
6 552
-
-
Income
80 000
80 000
80 000
80 000
Total tax
16 382
13 752
23 593
13 223
After tax
63 618
66 248
56 407
66 777
Living cost
8 209
8 209
8 209
8 209
Free-cash
55 409
58 039
48 198
58 568

Estimated living cost  is ₴8209 per week

₴5237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28632
₴39241
₴30801
₴36907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 603
pensions
-
-
-
13 562
other
-
-
-
48
unemployment
-
-
-
336
accident
-
-
-
432
total
-
-
-
34 981
Employee
19 118
-
64 722
-
unemployment
296
-
743
-
pensions
899
-
2 253
-
other
19
-
48
-
income
3 686
-
18 828
-
total
4 900
-
21 872
-
Employer
19 118
-
64 722
-
accident
379
-
949
-
other
153
-
384
-
unemployment
1 052
-
2 635
-
pensions
4 511
-
11 310
-
total
6 095
-
15 278
-
Corporate
54 787
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.

8 218
12 000
-
-
total
8 218
12 000
-
-
Dividends
46 569
68 000
-
-
withholding
9 662
14 541
-
-
total
9 662
14 541
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 875
26 541
37 150
34 981
After tax
51 125
53 459
42 850
45 019
Living cost
14 218
14 218
14 218
14 218
Free-cash
36 907
39 241
28 632
30 801

Estimated living cost  is ₴14218 per week

₴9597
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.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50468
₴48996
₴50533
₴48844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 380
pensions
-
-
-
674
health
-
-
-
489
total
-
-
-
28 543
Employee
1 408
-
79 242
-
unemployment
14
-
34
-
pensions
127
-
303
-
health
70
-
169
-
income
272
-
27 344
-
total
483
-
27 850
-
Employer
1 408
-
79 242
-
health
134
-
320
-
unemployment
28
-
67
-
pensions
155
-
371
-
total
317
-
758
-
Corporate
78 276
80 000
-
-
income
17 221
17 600
-
-
total
17 221
17 600
-
-
Dividends
61 055
62 400
-
-
withholding
12 211
12 480
-
-
total
12 211
12 480
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 232
30 080
28 608
28 543
After tax
49 768
49 920
51 392
51 457
Living cost
924
924
924
924
Free-cash
48 844
48 996
50 468
50 533

Estimated living cost  is ₴924 per week

₴549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴75
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38813
₴48874
₴38811
₴46335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 844
pensions
-
-
-
9 918
unemployment
-
-
-
572
health
-
-
-
3 929
total
-
-
-
32 263
Employee

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

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

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

13 460
-
73 172
-
unemployment
101
-
286
-
pensions
1 884
-
5 340
-
health
693
-
1 964
-
income
1 855
-
17 844
-
total
4 533
-
25 434
-
Employer

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

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

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

13 460
-
73 172
-
health
693
-
1 964
-
unemployment
101
-
286
-
pensions
1 615
-
4 577
-
total
2 409
-
6 827
-
Corporate
64 131
80 000
-
-
income
9 620
12 000
-
-
total
9 620
12 000
-
-
Dividends
54 511
68 000
-
-
withholding
8 177
10 200
-
-
total
8 177
10 200
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 739
22 200
32 261
32 263
After tax
55 261
57 800
47 739
47 737
Living cost
8 926
8 926
8 926
8 926
Free-cash
46 335
48 874
38 813
38 811

Estimated living cost  is ₴8926 per week

₴6010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23549
₴31565
₴29298
₴31378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 963
social contributions

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

-
-
-
27 800
surtax
-
-
-
-
total
-
-
-
36 763
Employee
20 067
-
64 647
-
surtax
-
-
-
-
social contributions
2 208
-
7 112
-
income
3 921
-
20 047
-
total
6 129
-
27 159
-
Employer
20 067
-
64 647
-
social contributions
4 766
-
15 353
-
total
4 766
-
15 353
-
Corporate
55 167
80 000
-
-
income
11 585
16 800
-
-
surtax
-
-
-
-
total
11 585
16 800
-
-
Dividends
43 583
63 200
-
-
withholding
12 203
17 696
-
-
total
12 203
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 683
34 496
42 512
36 763
After tax
45 317
45 504
37 488
43 237
Living cost
13 939
13 939
13 939
13 939
Free-cash
31 378
31 565
23 549
29 298

Estimated living cost  is ₴13939 per week

₴9873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24679
₴35288
₴26848
₴31723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 603
pensions
-
-
-
13 562
other
-
-
-
48
unemployment
-
-
-
336
accident
-
-
-
432
total
-
-
-
34 981
Employee
24 970
-
64 722
-
unemployment
387
-
743
-
pensions
1 173
-
2 253
-
other
25
-
48
-
income
5 215
-
18 828
-
total
6 800
-
21 872
-
Employer
24 970
-
64 722
-
accident
495
-
949
-
other
200
-
384
-
unemployment
1 374
-
2 635
-
pensions
5 893
-
11 310
-
total
7 962
-
15 278
-
Corporate
47 068
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.

7 060
12 000
-
-
total
7 060
12 000
-
-
Dividends
40 008
68 000
-
-
withholding
8 284
14 541
-
-
total
8 284
14 541
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 106
26 541
37 150
34 981
After tax
49 894
53 459
42 850
45 019
Living cost
18 171
18 171
18 171
18 171
Free-cash
31 723
35 288
24 679
26 848

Estimated living cost  is ₴18171 per week

₴13050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
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.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57077
₴59370
₴54074
₴56171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 000
pensions

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

-
-
-
2 714
unemployment
-
-
-
73
health
-
-
-
2 109
total
-
-
-
16 896
Employee
11 958
-
76 402
-
pensions

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

1 050
-
1 610
-
health
550
-
843
-
accident

We are using the highest rate at 1.1%.

131
-
202
-
income
1 196
-
7 640
-
total
2 927
-
10 295
-
Employer
11 958
-
76 402
-
accident

We are using the highest rate at 1.1%.

131
-
202
-
health
825
-
1 265
-
unemployment
72
-
110
-
pensions

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

1 318
-
2 021
-
total
2 346
-
3 598
-
Corporate
65 696
80 000
-
-
income
6 570
8 000
-
-
total
6 570
8 000
-
-
Dividends
59 126
72 000
-
-
withholding
2 956
3 600
-
-
total
2 956
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 799
11 600
13 893
16 896
After tax
65 201
68 400
66 107
63 104
Living cost
9 030
9 030
9 030
9 030
Free-cash
56 171
59 370
57 077
54 074

Estimated living cost  is ₴9030 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31714
₴21228
₴23683
₴27993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
23 501
trade
-
-
-
8 031
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.

-
-
-
3 532
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.

-
-
-
1 292
total
-
-
-
36 356
Employee

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

25 726
-
80 000
-
surtax

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

117
-
1 292
-
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.

3 532
-
3 532
-
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.

2 115
-
23 501
-
total
5 764
-
28 325
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 274
80 000
-
-
income
8 141
12 000
-
-
trade
7 789
11 480
-
-
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.

447
660
-
-
chamber of commerce
158
196
-
-
total
16 535
24 336
-
-
Dividends
37 740
55 664
-
-
withholding
9 239
13 720
-
-
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.

508
755
-
-
total
9 747
14 475
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 046
38 811
28 325
36 356
After tax
47 954
41 189
51 675
43 644
Living cost
19 961
19 961
19 961
19 961
Free-cash
27 993
21 228
31 714
23 683

Estimated living cost  is ₴19961 per week

₴13770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3754
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14004
₴26548
₴14004
₴27690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 454
social contributions
-
-
-
13 090
total
-
-
-
36 544
Employee
40 444
-
80 000
-
income
7 632
-
23 454
-
social contributions
3 360
-
13 090
-
total
10 992
-
36 544
-
Employer
40 444
-
80 000
-
total
-
-
-
-
Corporate
39 556
80 000
-
-
income
4 944
10 000
-
-
total
4 944
10 000
-
-
Dividends
34 612
70 000
-
-
withholding
6 922
14 000
-
-
total
6 922
14 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
22 858
24 000
36 544
36 544
After tax
57 142
56 000
43 456
43 456
Living cost
29 452
29 452
29 452
29 452
Free-cash
27 690
26 548
14 004
14 004

Estimated living cost  is ₴29452 per week

₴22407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2400
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.
₴4364
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38789
₴30500
₴43274
₴32307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 718
health

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

-
-
-
3 240
total
-
-
-
17 958
Employee
23 718
-
77 622
-
income
2 574
-
17 687
-
social contributions
2 376
-
2 378
-
total
4 950
-
20 065
-
Employer
23 718
-
77 622
-
social contributions
2 376
-
2 378
-
total
2 376
-
2 378
-
Corporate
53 905
80 000
-
-
income
18 867
28 000
-
-
total
18 867
28 000
-
-
Dividends
35 038
52 000
-
-
social contributions
2 732
2 732
-
-
total
2 732
2 732
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 925
30 732
22 443
17 958
After tax
51 075
49 268
57 557
62 042
Living cost
18 768
18 768
18 768
18 768
Free-cash
32 307
30 500
38 789
43 274

Estimated living cost  is ₴18768 per week

₴12363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
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.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27348
₴34336
₴34650
₴37405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 667
pensions
-
-
-
4 436
total
-
-
-
26 103
Employee
26 419
-
69 989
-
pensions
2 016
-
5 539
-
health
345
-
1 058
-
income
4 811
-
16 798
-
total
7 172
-
23 395
-
Employer
26 419
-
69 989
-
health
502
-
1 329
-
pensions
2 669
-
8 681
-
total
3 171
-
10 010
-
Corporate
50 410
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.

9 578
15 200
-
-
total
9 578
15 200
-
-
Dividends
40 832
64 800
-
-
withholding
3 427
11 217
-
-
total
3 427
11 217
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 348
26 417
33 405
26 103
After tax
56 652
53 583
46 595
53 897
Living cost
19 247
19 247
19 247
19 247
Free-cash
37 405
34 336
27 348
34 650

Estimated living cost  is ₴19247 per week

₴13203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30702
-₴5874
₴42375
₴4584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
21 659
pensions
-
-
-
2 158
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 131
total
-
-
-
25 271
Employee
19 433
-
71 347
-
pensions
2 188
-
3 956
-
health
2 225
-
8 169
-
income
2 666
-
16 166
-
total
7 079
-
28 291
-
Employer
19 433
-
71 347
-
accident
325
-
1 192
-
unemployment
476
-
1 748
-
pensions
3 160
-
5 713
-
total
3 961
-
8 653
-
Corporate
56 607
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.

50 947
72 000
-
-
total
50 947
72 000
-
-
Dividends
5 661
8 000
-
-
withholding
1 075
1 520
-
-
total
1 075
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 062
73 520
36 944
25 271
After tax
16 938
6 480
43 056
54 729
Living cost
12 354
12 354
12 354
12 354
Free-cash
4 584
-5 874
30 702
42 375

Estimated living cost  is ₴12354 per week

₴9066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴48654
₴60348
₴38003
₴57934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 025
pensions
-
-
-
14 720
unemployment
-
-
-
960
health insurance
-
-
-
5 920
work injury
-
-
-
400
total
-
-
-
35 025
Employee

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

11 155
-
80 000
-
unemployment
134
-
495
-
work injury
56
-
206
-
pensions
2 052
-
7 594
-
health insurance
825
-
3 054
-
income
1 115
-
13 025
-
total
4 182
-
24 374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 845
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%.

688
800
-
-
total
688
800
-
-
Dividends
68 157
79 200
-
-
withholding
10 224
11 880
-
-
total
10 224
11 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
15 094
12 680
24 374
35 025
After tax
64 906
67 320
55 626
44 975
Living cost
6 972
6 972
6 972
6 972
Free-cash
57 934
60 348
48 654
38 003

Estimated living cost  is ₴6972 per week

₴4319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1929
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13804
₴21542
₴17337
₴19189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 821
social contributions
-
-
-
20 576
municipal
-
-
-
535
national
-
-
-
19 134
total
-
-
-
42 066
Employee
43 568
-
80 000
-
municipal
260
-
477
-
social contributions
14 691
-
26 976
-
regional
658
-
1 607
-
national
7 363
-
16 539
-
total
22 972
-
45 599
-
Employer
43 568
-
80 000
-
total
-
-
-
-
Corporate
36 432
80 000
-
-
nationa
8 743
19 200
-
-
municipal
1 756
3 856
-
-
total
10 499
23 056
-
-
Dividends
25 932
56 944
-
-
withholding
6 743
14 805
-
-
total
6 743
14 805
-
-
Income
80 000
80 000
80 000
80 000
Total tax
40 214
37 861
45 599
42 066
After tax
39 786
42 139
34 401
37 934
Living cost
20 597
20 597
20 597
20 597
Free-cash
19 189
21 542
13 804
17 337

Estimated living cost  is ₴20597 per week

₴14468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and 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 Rome model

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