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
₴36094
₴24852
₴27245
₴30518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
health

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

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

-
-
-
3 499
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.

-
-
-
23 595
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.

-
-
-
1 298
trade
-
-
-
8 849
total
-
-
-
37 241
Employee

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

19 591
-
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
-
1 298
-
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.

547
-
23 595
-
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.

3 499
-
3 499
-
total
4 076
-
28 392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 409
80 000
-
-
chamber of commerce
164
192
-
-
surtax

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

499
660
-
-
trade
9 515
12 600
-
-
income
9 061
12 000
-
-
total
19 239
25 452
-
-
Dividends
41 170
54 547
-
-
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.

555
740
-
-
withholding
10 098
13 442
-
-
total
10 653
14 182
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 968
39 634
28 392
37 241
After tax
46 032
40 366
51 608
42 759
Living cost
15 514
15 514
15 514
15 514
Free-cash
30 518
24 852
36 094
27 245

Estimated living cost  is ₴15514 per week

₴9759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21167
₴23020
₴20538
₴22573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
860
pensions
-
-
-
9 600
national
-
-
-
13 433
municipal
-
-
-
8 669
total
-
-
-
32 562
Employee
41 700
-
69 159
-
municipal
5 151
-
8 978
-
national
7 981
-
13 913
-
pensions
1 668
-
2 766
-
total
14 800
-
25 657
-
Employer
41 700
-
69 159
-
pensions
3 336
-
5 533
-
social contributions
448
-
743
-
total
3 784
-
6 276
-
Corporate
31 764
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%.

6 353
16 000
-
-
total
6 353
16 000
-
-
Dividends
25 411
64 000
-
-
withholding
5 590
14 080
-
-
total
5 590
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 527
30 080
31 933
32 562
After tax
49 473
49 920
48 067
47 438
Living cost
26 900
26 900
26 900
26 900
Free-cash
22 573
23 020
21 167
20 538

Estimated living cost  is ₴26900 per week

₴18283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37685
₴53344
₴16016
₴49142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
80 000
social contributions

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

-
-
-
19 625
income
-
-
-
13 303
surtax
-
-
-
20 400
microenterprise
-
-
-
-
total
-
-
-
53 328
Employee
14 967
-
58 033
-
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.

1 647
-
6 383
-
income
2 664
-
11 296
-
total
4 311
-
17 679
-
Employer
14 967
-
58 033
-
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.

3 605
-
13 980
-
total
3 605
-
13 980
-
Corporate
61 428
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%.

12 286
16 000
-
-
total
12 286
16 000
-
-
Dividends

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

49 142
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
20 202
16 000
31 659
53 328
After tax
59 798
64 000
48 341
26 672
Living cost
10 656
10 656
10 656
10 656
Free-cash
49 142
53 344
37 685
16 016

Estimated living cost  is ₴10656 per week

₴6798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27415
₴17998
₴23421
₴14861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
6 316
income
-
-
-
22 805
pensions
-
-
-
6 001
total
-
-
-
35 122
Employee
43 740
43 740
70 481
-
income

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

7 160
7 160
9 292
-
pensions
7 873
6 001
6 001
-
health
6 714
5 711
6 316
-
total
21 747
18 872
21 609
-
Employer
43 740
43 740
70 481
-
unemployment
1 575
1 575
1 957
-
health
3 040
3 040
3 778
-
pensions
3 044
3 044
3 784
-
total
7 659
7 659
9 519
-
Corporate
29 137
28 601
-
-
income
5 827
5 720
-
-
total
5 827
5 720
-
-
Dividends
23 310
22 880
-
-
income
4 953
4 862
-
-
withholding
3 496
3 432
-
-
total
8 449
8 294
-
-
Income
80 000
80 000
80 000
80 000
Total tax
43 682
40 545
31 128
35 122
After tax
36 318
39 455
48 872
44 878
Living cost
21 457
21 457
21 457
21 457
Free-cash
14 861
17 998
27 415
23 421

Estimated living cost  is ₴21457 per week

₴15206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3975
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20218
₴22500
₴20733
₴22026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 394
health
-
-
-
2 896
accident
-
-
-
93
pensions
-
-
-
5 018
national
-
-
-
4 794
unemployment
-
-
-
46
municipal
-
-
-
19 846
total
-
-
-
38 087
Employee
30 179
-
65 415
-
municipal
8 999
-
19 507
-
national
-
-
4 510
-
total
8 999
-
24 017
-
Employer
30 179
-
65 415
-
other
3 507
-
5 394
-
unemployment
797
-
1 225
-
health
1 856
-
2 855
-
accident
60
-
93
-
pensions
3 262
-
5 018
-
total
9 482
-
14 585
-
Corporate
40 338
80 000
-
-
income
8 874
17 600
-
-
total
8 874
17 600
-
-
Dividends
31 464
62 400
-
-
withholding
9 439
18 720
-
-
total
9 439
18 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 794
36 320
38 602
38 087
After tax
43 206
43 680
41 398
41 913
Living cost
21 180
21 180
21 180
21 180
Free-cash
22 026
22 500
20 218
20 733

Estimated living cost  is ₴21180 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2078
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31487
₴19833
₴22244
₴27030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
health

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

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

-
-
-
3 499
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.

-
-
-
23 595
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.

-
-
-
1 298
trade
-
-
-
9 243
total
-
-
-
37 635
Employee

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

25 975
-
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.

122
-
1 298
-
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.

2 232
-
23 595
-
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.

3 499
-
3 499
-
total
5 853
-
28 392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 025
80 000
-
-
chamber of commerce
155
191
-
-
surtax

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

446
660
-
-
trade
8 887
13 160
-
-
income
8 104
12 000
-
-
total
17 592
26 011
-
-
Dividends
36 434
53 988
-
-
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.

490
732
-
-
withholding
8 914
13 303
-
-
total
9 404
14 035
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 849
40 046
28 392
37 635
After tax
47 151
39 954
51 608
42 365
Living cost
20 121
20 121
20 121
20 121
Free-cash
27 030
19 833
31 487
22 244

Estimated living cost  is ₴20121 per week

₴13457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37847
₴41780
₴38579
₴39657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
8 287
health
-
-
-
2 040
income
-
-
-
14 481
total
-
-
-
24 808
Employee
39 386
39 386
74 218
-
social contributions
1 914
3 269
4 409
-
income
4 136
3 646
14 087
-
health
392
670
1 262
-
total
6 442
7 585
19 758
-
Employer
39 386
39 386
74 218
-
health
427
729
1 373
-
social contributions
1 914
3 269
4 409
-
total
2 341
3 998
5 782
-
Corporate
54 605
36 616
-
-
income
6 825
4 577
-
-
total
6 825
4 577
-
-
Dividends
47 779
32 039
-
-
withholding
8 122
5 447
-
-
total
8 122
5 447
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 730
21 607
25 540
24 808
After tax
56 270
58 393
54 460
55 192
Living cost
16 613
16 613
16 613
16 613
Free-cash
39 657
41 780
37 847
38 579

Estimated living cost  is ₴16613 per week

₴11357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36842
₴35431
₴45885
₴35630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 764
5 478
66 946
-
income
1 683
670
8 184
-
pensions
1 376
548
6 695
-
health
963
383
4 686
-
unemployment
206
82
1 004
-
total
4 228
1 683
20 569
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 764
5 478
66 946
-
pensions
2 684
1 068
13 054
-
total
2 684
1 068
13 054
-
Corporate
63 552
73 454
-
-
income
5 720
6 611
-
-
total
5 720
6 611
-
-
Dividends
57 833
66 843
-
-
social contributions
11 215
12 972
-
-
withholding
10 988
12 700
-
-
total
22 203
25 672
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 835
35 034
33 623
24 580
After tax
45 165
44 966
46 377
55 420
Living cost
9 535
9 535
9 535
9 535
Free-cash
35 630
35 431
36 842
45 885

Estimated living cost  is ₴9535 per week

₴6507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴191
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33739
₴51628
₴30508
₴48445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
10 400
income
-
-
-
10 720
pensions
-
-
-
16 000
total
-
-
-
37 120
Employee
14 530
-
59 790
-
income
1 636
-
11 528
-
pensions
291
-
1 196
-
unemployment
232
-
956
-
total
2 159
-
13 680
-
Employer
14 530
-
59 790
-
unemployment
117
-
478
-
health
1 889
-
7 773
-
pensions
2 906
-
11 958
-
total
4 912
-
20 209
-
Corporate
60 558
80 000
-
-
income
12 112
16 000
-
-
total
12 112
16 000
-
-
Dividends
48 446
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
19 183
16 000
33 889
37 120
After tax
60 817
64 000
46 111
42 880
Living cost
12 372
12 372
12 372
12 372
Free-cash
48 445
51 628
33 739
30 508

Estimated living cost  is ₴12372 per week

₴8486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31724
-₴4868
₴43380
₴4739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 125
accident
-
-
-
130
income
-
-
-
21 680
pensions
-
-
-
2 146
total
-
-
-
25 272
Employee
17 850
-
71 377
-
income
2 449
-
16 196
-
pensions
2 010
-
3 935
-
health
2 044
-
8 173
-
total
6 503
-
28 304
-
Employer
17 850
-
71 377
-
unemployment
437
-
1 749
-
accident
298
-
1 192
-
pensions
2 903
-
5 683
-
total
3 638
-
8 624
-
Corporate
58 512
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.

52 660
72 000
-
-
total
52 660
72 000
-
-
Dividends
5 851
8 000
-
-
withholding
1 112
1 520
-
-
total
1 112
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 913
73 520
36 928
25 272
After tax
16 087
6 480
43 072
54 728
Living cost
11 348
11 348
11 348
11 348
Free-cash
4 739
-4 868
31 724
43 380

Estimated living cost  is ₴11348 per week

₴8317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59731
₴71731
₴74931
₴70931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 336
-
80 000
-
income
1 067
-
16 000
-
total
1 067
-
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%.

74 664
80 000
-
-
total
-
-
-
-
Dividends
74 664
80 000
-
-
withholding
3 733
4 000
-
-
total
3 733
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
4 800
4 000
16 000
800
After tax
75 200
76 000
64 000
79 200
Living cost
4 269
4 269
4 269
4 269
Free-cash
70 931
71 731
59 731
74 931

Estimated living cost  is ₴4269 per week

₴2645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31939
₴45128
₴29155
₴41668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 699
health
-
-
-
3 427
income
-
-
-
11 377
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.

-
-
-
18 694
total
-
-
-
37 197
Employee
18 598
-
63 898
-
income
3 202
-
12 306
-
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.

1 302
-
4 473
-
health
260
-
894
-
unemployment
186
-
639
-
total
4 950
-
18 312
-
Employer
18 598
-
63 898
-
other
930
-
3 195
-
unemployment
186
-
639
-
health
260
-
894
-
accident
149
-
511
-
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.

3 162
-
10 862
-
total
4 687
-
16 101
-
Corporate
56 715
80 000
-
-
income
11 910
16 800
-
-
total
11 910
16 800
-
-
Dividends
44 806
63 200
-
-
withholding
3 137
4 424
-
-
total
3 137
4 424
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 684
21 224
34 413
37 197
After tax
55 316
58 776
45 587
42 803
Living cost
13 648
13 648
13 648
13 648
Free-cash
41 668
45 128
31 939
29 155

Estimated living cost  is ₴13648 per week

₴9643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12607
₴19514
₴19900
₴19157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 896
pensions
-
-
-
4 369
total
-
-
-
26 265
Employee
47 871
-
69 969
-
income
8 629
-
17 036
-
health
789
-
1 050
-
pensions
4 618
-
5 441
-
total
14 036
-
23 527
-
Employer
47 871
-
69 969
-
health
909
-
1 329
-
pensions
5 652
-
8 702
-
total
6 561
-
10 031
-
Corporate
25 568
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.

4 858
15 200
-
-
total
4 858
15 200
-
-
Dividends
20 710
64 800
-
-
withholding
1 553
11 451
-
-
total
1 553
11 451
-
-
Income
80 000
80 000
80 000
80 000
Total tax
27 008
26 651
33 558
26 265
After tax
52 992
53 349
46 442
53 735
Living cost
33 835
33 835
33 835
33 835
Free-cash
19 157
19 514
12 607
19 900

Estimated living cost  is ₴33835 per week

₴25353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3975
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.
₴4232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴59640
₴61741
₴56604
₴59381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
2 040
income
-
-
-
12 000
pensions

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

-
-
-
2 626
unemployment
-
-
-
71
total
-
-
-
16 737
Employee
8 818
-
76 519
-
income
882
-
7 652
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

774
-
1 558
-
health
406
-
816
-
total
2 159
-
10 221
-
Employer
8 818
-
76 519
-
unemployment
53
-
106
-
health
609
-
1 224
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

972
-
1 955
-
total
1 731
-
3 480
-
Corporate
69 452
80 000
-
-
income
6 945
8 000
-
-
total
6 945
8 000
-
-
Dividends
62 507
72 000
-
-
withholding
3 125
3 600
-
-
total
3 125
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
13 960
11 600
13 701
16 737
After tax
66 040
68 400
66 299
63 263
Living cost
6 659
6 659
6 659
6 659
Free-cash
59 381
61 741
59 640
56 604

Estimated living cost  is ₴6659 per week

₴3888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20470
₴11053
₴16476
₴12341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
6 316
income
-
-
-
22 805
pensions
-
-
-
6 001
total
-
-
-
35 122
Employee
47 488
43 740
70 481
-
income

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

7 160
7 160
9 292
-
pensions
6 001
6 001
6 001
-
health
5 924
5 711
6 316
-
total
19 085
18 872
21 609
-
Employer
47 488
43 740
70 481
-
unemployment
1 710
1 575
1 957
-
health
3 300
3 040
3 778
-
pensions
3 305
3 044
3 784
-
total
8 315
7 659
9 519
-
Corporate
24 198
28 601
-
-
income
4 840
5 720
-
-
total
4 840
5 720
-
-
Dividends
19 358
22 880
-
-
income
4 114
4 862
-
-
withholding
2 903
3 432
-
-
total
7 017
8 294
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 257
40 545
31 128
35 122
After tax
40 743
39 455
48 872
44 878
Living cost
28 402
28 402
28 402
28 402
Free-cash
12 341
11 053
20 470
16 476

Estimated living cost  is ₴28402 per week

₴20951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27968
₴42451
₴30745
₴37946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
18 172
health
-
-
-
10 800
income
-
-
-
7 654
solidarity contribution
-
-
-
-
total
-
-
-
36 626
Employee
18 572
-
59 701
-
social contributions
1 207
-
3 881
-
solidarity contribution
-
-
-
-
income
2 229
-
7 164
-
health
2 507
-
8 060
-
total
5 943
-
19 105
-
Employer
18 572
-
59 701
-
health
1 671
-
5 373
-
social contributions
4 643
-
14 925
-
total
6 314
-
20 298
-
Corporate
55 114
80 000
-
-
income
10 472
15 200
-
-
total
10 472
15 200
-
-
Dividends
44 642
64 800
-
-
withholding
6 696
9 720
-
-
total
6 696
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 425
24 920
39 403
36 626
After tax
50 575
55 080
40 597
43 374
Living cost
12 629
12 629
12 629
12 629
Free-cash
37 946
42 451
27 968
30 745

Estimated living cost  is ₴12629 per week

₴8772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
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.
₴2710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13591
₴21070
₴17220
₴18395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
national
-
-
-
19 183
regional
-
-
-
933
municipal
-
-
-
475
total
-
-
-
41 167
Employee
45 521
-
80 000
-
social contributions
15 350
-
26 976
-
municipal
241
-
424
-
national
7 888
-
16 573
-
regional
430
-
823
-
total
23 909
-
44 796
-
Employer
45 521
-
80 000
-
total
-
-
-
-
Corporate
34 479
80 000
-
-
nationa
8 275
19 200
-
-
municipal
1 344
3 120
-
-
total
9 619
22 320
-
-
Dividends
24 860
57 680
-
-
withholding
6 464
14 997
-
-
total
6 464
14 997
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 992
37 317
44 796
41 167
After tax
40 008
42 683
35 204
38 833
Living cost
21 613
21 613
21 613
21 613
Free-cash
18 395
21 070
13 591
17 220

Estimated living cost  is ₴21613 per week

₴15066
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.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23831
₴39017
₴26663
₴37423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 853
income
-
-
-
20 418
pensions
-
-
-
13 672
surtax
-
-
-
2 974
unemployment
-
-
-
117
total
-
-
-
42 034
Employee
16 938
-
66 089
-
surtax
55
-
2 527
-
income
2 839
-
17 735
-
other
-
-
-
-
pensions
1 129
-
4 408
-
health
433
-
1 685
-
unemployment
1 179
-
4 600
-
total
5 635
-
30 955
-
Employer
16 938
-
66 089
-
other
-
-
-
-
unemployment
537
-
2 095
-
health
771
-
3 007
-
pensions
2 258
-
8 809
-
total
3 566
-
13 911
-
Corporate
59 496
80 000
-
-
income
15 469
20 800
-
-
total
15 469
20 800
-
-
Dividends
44 027
59 200
-
-
withholding
6 604
8 880
-
-
total
6 604
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 274
29 680
44 866
42 034
After tax
48 726
50 320
35 134
37 966
Living cost
11 303
11 303
11 303
11 303
Free-cash
37 423
39 017
23 831
26 663

Estimated living cost  is ₴11303 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23327
₴30234
₴30620
₴32845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 896
pensions
-
-
-
4 369
total
-
-
-
26 265
Employee
32 082
-
69 969
-
income
5 778
-
17 036
-
health
466
-
1 050
-
pensions
2 723
-
5 441
-
total
8 967
-
23 527
-
Employer
32 082
-
69 969
-
health
609
-
1 329
-
pensions
3 473
-
8 702
-
total
4 082
-
10 031
-
Corporate
43 836
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.

8 328
15 200
-
-
total
8 328
15 200
-
-
Dividends
35 507
64 800
-
-
withholding
2 663
11 451
-
-
total
2 663
11 451
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 040
26 651
33 558
26 265
After tax
55 960
53 349
46 442
53 735
Living cost
23 115
23 115
23 115
23 115
Free-cash
32 845
30 234
23 327
30 620

Estimated living cost  is ₴23115 per week

₴17318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20495
-₴4477
₴24380
₴13089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
180
pensions
-
-
-
7 360
city
-
-
-
844
national
-
-
-
989
regional
-
-
-
3 588
total
-
-
-
14 561
Employee
48 050
-
71 604
-
national
227
-
805
-
city
516
-
769
-
pensions
4 037
-
6 014
-
health
109
-
161
-
regional
1 573
-
3 090
-
unemployment
-
-
-
-
total
6 462
-
10 839
-
Employer
48 050
-
71 604
-
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.

961
-
1 432
-
unemployment
-
-
-
-
health
109
-
161
-
pensions
4 037
-
6 014
-
total
5 107
-
7 607
-
Corporate
26 316
80 000
-
-
regional
5 566
16 920
-
-
national
2 237
6 800
-
-
total
7 803
23 720
-
-
Dividends
18 513
56 280
-
-
withholding
6 480
19 698
-
-
total
6 480
19 698
-
-
Income
80 000
80 000
80 000
80 000
Total tax
25 852
43 418
18 446
14 561
After tax
54 148
36 582
61 554
65 439
Living cost
41 059
41 059
41 059
41 059
Free-cash
13 089
-4 477
20 495
24 380

Estimated living cost  is ₴41059 per week

₴26700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28144
₴16078
₴18509
₴24385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
health

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

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

-
-
-
3 499
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.

-
-
-
23 595
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.

-
-
-
1 298
trade
-
-
-
9 635
total
-
-
-
38 027
Employee

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

30 782
-
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.

199
-
1 298
-
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.

3 620
-
23 595
-
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.

3 499
-
3 499
-
total
7 318
-
28 392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 218
80 000
-
-
chamber of commerce
147
191
-
-
surtax

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

406
660
-
-
trade
8 441
13 720
-
-
income
7 382
12 000
-
-
total
16 376
26 571
-
-
Dividends
32 841
53 429
-
-
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.

441
724
-
-
withholding
8 016
13 163
-
-
total
8 457
13 887
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 151
40 458
28 392
38 027
After tax
47 849
39 542
51 608
41 973
Living cost
23 464
23 464
23 464
23 464
Free-cash
24 385
16 078
28 144
18 509

Estimated living cost  is ₴23464 per week

₴17137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27581
₴22796
₴27724
₴25822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 480
social contributions
-
-
-
2 279
health
-
-
-
3 064
income
-
-
-
11 690
pensions
-
-
-
15 239
surtax
-
-
-
-
total
-
-
-
34 752
Employee
21 921
-
62 561
-
surtax
-
-
-
-
social contributions
625
-
1 783
-
income
1 294
-
11 592
-
pensions
2 479
-
4 081
-
total
4 398
-
17 456
-
Employer
21 921
-
62 561
-
other
756
-
2 326
-
unemployment
887
-
2 534
-
health
1 535
-
5 471
-
pensions
3 601
-
6 920
-
social contributions
66
-
188
-
total
6 845
-
17 439
-
Corporate
51 233
80 000
-
-
surtax
-
-
-
-
income
14 345
22 400
-
-
total
14 345
22 400
-
-
Dividends
36 888
57 600
-
-
social contributions
6 344
9 907
-
-
surtax
-
-
-
-
withholding
4 722
7 373
-
-
total
11 066
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 654
39 680
34 895
34 752
After tax
43 346
40 320
45 105
45 248
Living cost
17 524
17 524
17 524
17 524
Free-cash
25 822
22 796
27 581
27 724

Estimated living cost  is ₴17524 per week

₴11050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29317
₴24532
₴29460
₴27378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 480
social contributions
-
-
-
2 279
health
-
-
-
3 064
income
-
-
-
11 690
pensions
-
-
-
15 239
surtax
-
-
-
-
total
-
-
-
34 752
Employee
19 568
-
62 561
-
surtax
-
-
-
-
social contributions
558
-
1 783
-
income
1 009
-
11 592
-
pensions
2 213
-
4 081
-
total
3 780
-
17 456
-
Employer
19 568
-
62 561
-
other
676
-
2 326
-
unemployment
792
-
2 534
-
health
1 370
-
5 471
-
pensions
3 215
-
6 920
-
social contributions
58
-
188
-
total
6 111
-
17 439
-
Corporate
54 321
80 000
-
-
surtax
-
-
-
-
income
15 210
22 400
-
-
total
15 210
22 400
-
-
Dividends
39 111
57 600
-
-
social contributions
6 727
9 907
-
-
surtax
-
-
-
-
withholding
5 006
7 373
-
-
total
11 733
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 834
39 680
34 895
34 752
After tax
43 166
40 320
45 105
45 248
Living cost
15 788
15 788
15 788
15 788
Free-cash
27 378
24 532
29 317
29 460

Estimated living cost  is ₴15788 per week

₴9156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
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.
₴4729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39166
₴37946
₴40515
₴38212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
11 040
health
-
-
-
5 584
income
-
-
-
12 000
total
-
-
-
28 624
Employee
17 367
-
80 000
-
social contributions
2 397
-
11 040
-
income
2 897
-
13 349
-
health
1 212
-
5 584
-
total
6 506
-
29 973
-
Employer
17 367
-
80 000
-
total
-
-
-
-
Corporate
62 633
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%.

3 132
4 000
-
-
total
3 132
4 000
-
-
Dividends
59 502
76 000
-
-
social contributions
8 211
10 488
-
-
withholding
8 925
11 400
-
-
health
4 153
5 305
-
-
total
21 289
27 193
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 927
31 193
29 973
28 624
After tax
49 073
48 807
50 027
51 376
Living cost
10 861
10 861
10 861
10 861
Free-cash
38 212
37 946
39 166
40 515

Estimated living cost  is ₴10861 per week

₴7269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2896
₴26315
₴22983
₴25523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 577
income
-
-
-
19 759
chamber of commerce
-
-
-
320
pensions
-
-
-
11 070
surtax
-
-
-
101
unemployment
-
-
-
3 142
total
-
-
-
38 969
Employee
25 598
20 412
62 485
-
income
2 914
1 506
15 569
-
other
256
204
599
-
pensions
2 621
2 090
6 127
-
health
990
790
2 315
-
unemployment
768
612
1 795
-
total
7 549
5 202
26 405
-
Employer
25 598
20 412
62 485
-
other
1 216
969
2 945
-
unemployment
768
612
1 795
-
health
967
772
2 262
-
surtax
101
101
101
-
accident
332
265
778
-
pensions
3 212
2 562
7 510
-
payroll
768
612
1 875
-
chamber of commerce
102
82
250
-
total
7 466
5 975
17 516
-
Corporate
46 936
53 612
60 541
-
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.

11 734
13 403
15 135
-
total
11 734
13 403
15 135
-
Dividends
35 202
40 209
-
-
withholding
9 680
11 057
-
-
total
9 680
11 057
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 429
35 637
59 056
38 969
After tax
43 571
44 363
20 944
41 031
Living cost
18 048
18 048
18 048
18 048
Free-cash
25 523
26 315
2 896
22 983

Estimated living cost  is ₴18048 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
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.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10062
₴26087
₴16080
₴18405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
12 453
communal

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

-
-
-
4 053
national
-
-
-
28 738
total
-
-
-
45 244
Employee

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

36 638
-
61 963
-
national
11 264
-
21 896
-
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.

2 748
-
4 647
-
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.

1 721
-
2 912
-
communal

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

1 911
-
3 232
-
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.

319
-
539
-
total
17 963
-
33 226
-
Employer

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

36 638
-
61 963
-
unemployment

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

535
-
905
-
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.

2 253
-
3 810
-
surtax
4 154
-
7 026
-
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.

476
-
805
-
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.

3 246
-
5 490
-
total
10 664
-
18 036
-
Corporate
32 697
80 000
-
-
surtax
131
320
-
-
income
6 540
16 000
-
-
total
6 671
16 320
-
-
Dividends
26 026
63 680
-
-
withholding

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

7 621
18 917
-
-
total
7 621
18 917
-
-
Income
80 000
80 000
80 000
80 000
Total tax
42 919
35 237
51 262
45 244
After tax
37 081
44 763
28 738
34 756
Living cost
18 676
18 676
18 676
18 676
Free-cash
18 405
26 087
10 062
16 080

Estimated living cost  is ₴18676 per week

₴12029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24362
₴34951
₴26512
₴31257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
20 747
pensions
-
-
-
13 435
unemployment
-
-
-
332
total
-
-
-
34 990
Employee
25 496
-
64 865
-
income
5 380
-
18 989
-
other
25
-
48
-
pensions
1 198
-
2 232
-
unemployment
396
-
736
-
total
6 999
-
22 005
-
Employer
25 496
-
64 865
-
other
203
-
380
-
unemployment
1 403
-
2 611
-
accident
504
-
940
-
pensions
6 017
-
11 204
-
total
8 127
-
15 135
-
Corporate
46 377
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.

6 957
12 000
-
-
total
6 957
12 000
-
-
Dividends
39 420
68 000
-
-
withholding
8 162
14 551
-
-
total
8 162
14 551
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 245
26 551
37 140
34 990
After tax
49 755
53 449
42 860
45 010
Living cost
18 498
18 498
18 498
18 498
Free-cash
31 257
34 951
24 362
26 512

Estimated living cost  is ₴18498 per week

₴13622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16054
₴19557
₴12862
₴13512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
5 621
accident
-
-
-
675
income
-
-
-
11 994
pensions
-
-
-
11 991
communal
-
-
-
5 056
surtax
-
-
-
3 966
total
-
-
-
39 303
Employee
38 789
-
71 459
-
surtax
2 378
-
4 380
-
income
3 747
-
14 298
-
pensions
3 103
-
5 716
-
health
1 726
-
3 179
-
total
10 954
-
27 573
-
Employer
38 789
-
71 459
-
health
1 183
-
2 179
-
accident
349
-
643
-
pensions
3 103
-
5 716
-
total
4 635
-
8 538
-
Corporate
36 577
80 000
-
-
surtax
384
840
-
-
income
5 487
12 000
-
-
communal
2 469
5 400
-
-
total
8 340
18 240
-
-
Dividends
28 237
61 759
-
-
income
10 488
5 104
-
-
withholding
4 236
9 264
-
-
total
14 724
14 368
-
-
Income
80 000
80 000
80 000
80 000
Total tax
38 653
32 608
36 111
39 303
After tax
41 347
47 392
43 889
40 697
Living cost
27 835
27 835
27 835
27 835
Free-cash
13 512
19 557
16 054
12 862

Estimated living cost  is ₴27835 per week

₴20881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
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.
₴4973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23629
₴38815
₴26461
₴37187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 853
income
-
-
-
20 418
pensions
-
-
-
13 672
surtax
-
-
-
2 974
unemployment
-
-
-
117
total
-
-
-
42 034
Employee
17 249
-
66 089
-
surtax
61
-
2 527
-
income
2 892
-
17 735
-
other
-
-
-
-
pensions
1 151
-
4 408
-
health
440
-
1 685
-
unemployment
1 200
-
4 600
-
total
5 744
-
30 955
-
Employer
17 249
-
66 089
-
other
-
-
-
-
unemployment
547
-
2 095
-
health
784
-
3 007
-
pensions
2 300
-
8 809
-
total
3 631
-
13 911
-
Corporate
59 119
80 000
-
-
income
15 371
20 800
-
-
total
15 371
20 800
-
-
Dividends
43 748
59 200
-
-
withholding
6 562
8 880
-
-
total
6 562
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 308
29 680
44 866
42 034
After tax
48 692
50 320
35 134
37 966
Living cost
11 505
11 505
11 505
11 505
Free-cash
37 187
38 815
23 629
26 461

Estimated living cost  is ₴11505 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21153
₴28252
₴24761
₴27115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
national
-
-
-
19 183
regional
-
-
-
1 207
municipal
-
-
-
475
total
-
-
-
41 441
Employee
28 413
-
80 000
-
social contributions
9 581
-
26 976
-
municipal
151
-
424
-
national
4 501
-
16 573
-
regional
382
-
1 076
-
total
14 615
-
45 049
-
Employer
28 413
-
80 000
-
total
-
-
-
-
Corporate
51 587
80 000
-
-
nationa
12 381
19 200
-
-
municipal
2 564
3 976
-
-
total
14 945
23 176
-
-
Dividends
36 642
56 824
-
-
withholding
9 527
14 774
-
-
total
9 527
14 774
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 087
37 950
45 049
41 441
After tax
40 913
42 050
34 951
38 559
Living cost
13 798
13 798
13 798
13 798
Free-cash
27 115
28 252
21 153
24 761

Estimated living cost  is ₴13798 per week

₴8581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25035
₴39518
₴27812
₴33967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
18 172
health
-
-
-
10 800
income
-
-
-
7 654
solidarity contribution
-
-
-
-
total
-
-
-
36 626
Employee
22 885
-
59 701
-
social contributions
1 488
-
3 881
-
solidarity contribution
-
-
-
-
income
2 746
-
7 164
-
health
3 089
-
8 060
-
total
7 323
-
19 105
-
Employer
22 885
-
59 701
-
health
2 060
-
5 373
-
social contributions
5 721
-
14 925
-
total
7 781
-
20 298
-
Corporate
49 334
80 000
-
-
income
9 373
15 200
-
-
total
9 373
15 200
-
-
Dividends
39 961
64 800
-
-
withholding
5 994
9 720
-
-
total
5 994
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 471
24 920
39 403
36 626
After tax
49 529
55 080
40 597
43 374
Living cost
15 562
15 562
15 562
15 562
Free-cash
33 967
39 518
25 035
27 812

Estimated living cost  is ₴15562 per week

₴11573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
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.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴4635
₴28076
₴24791
₴27820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
4 577
income
-
-
-
19 759
chamber of commerce
-
-
-
320
pensions
-
-
-
11 070
surtax
-
-
-
-
unemployment
-
-
-
3 142
total
-
-
-
38 868
Employee
22 390
20 412
62 579
-
income
1 995
1 506
15 608
-
other
224
204
599
-
pensions
2 293
2 090
6 127
-
health
866
790
2 315
-
unemployment
672
612
1 795
-
total
6 050
5 202
26 444
-
Employer
22 390
20 412
62 579
-
other
1 063
969
2 949
-
unemployment
672
612
1 795
-
health
847
772
2 262
-
surtax
-
-
-
-
accident
291
265
778
-
pensions
2 810
2 562
7 510
-
payroll
672
612
1 877
-
chamber of commerce
89
82
251
-
total
6 444
5 874
17 422
-
Corporate
51 167
53 713
60 635
-
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.

12 792
13 428
15 158
-
total
12 792
13 428
15 158
-
Dividends
38 375
40 285
-
-
withholding
10 553
11 079
-
-
total
10 553
11 079
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 839
35 583
59 024
38 868
After tax
44 161
44 417
20 976
41 132
Living cost
16 341
16 341
16 341
16 341
Free-cash
27 820
28 076
4 635
24 791

Estimated living cost  is ₴16341 per week

₴9803
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
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.
₴4578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57348
₴69348
₴72548
₴68101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 315
-
80 000
-
income
1 663
-
16 000
-
total
1 663
-
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%.

71 685
80 000
-
-
total
-
-
-
-
Dividends
71 685
80 000
-
-
withholding
3 584
4 000
-
-
total
3 584
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
5 247
4 000
16 000
800
After tax
74 753
76 000
64 000
79 200
Living cost
6 652
6 652
6 652
6 652
Free-cash
68 101
69 348
57 348
72 548

Estimated living cost  is ₴6652 per week

₴4501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23734
₴41342
₴25854
₴37057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
80 000
health
-
-
-
7 871
income
-
-
-
17 807
pensions
-
-
-
14 610
unemployment
-
-
-
120
total
-
-
-
40 408
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.

22 650
-
69 221
-
income
3 906
-
16 452
-
pensions
3 511
-
10 729
-
health
1 463
-
4 471
-
unemployment
32
-
97
-
total
8 912
-
31 749
-
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.

22 650
-
69 221
-
unemployment
14
-
42
-
health
1 509
-
4 610
-
pensions
2 004
-
6 127
-
total
3 527
-
10 779
-
Corporate
53 824
80 000
-
-
income
10 226
15 200
-
-
total
10 226
15 200
-
-
Dividends
43 597
64 800
-
-
withholding
6 540
9 720
-
-
total
6 540
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 205
24 920
42 528
40 408
After tax
50 795
55 080
37 472
39 592
Living cost
13 738
13 738
13 738
13 738
Free-cash
37 057
41 342
23 734
25 854

Estimated living cost  is ₴13738 per week

₴9428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49805
₴25532
₴32146
₴23
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
9 120
income
-
-
-
15 594
total
-
-
-
24 714
Employee
33 180
-
-
-
social contributions
2 721
-
388
-
income
7 319
-
-
-
total
10 040
-
388
-
Employer
33 180
-
-
-
social contributions
46 783
-
6 667
-
total
46 783
-
6 667
-
Corporate
37
80 000
-
-
income
8
17 600
-
-
total
8
17 600
-
-
Dividends
29
62 400
-
-
income
6
13 728
-
-
total
6
13 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
56 837
31 328
7 055
24 714
After tax
23 163
48 672
72 945
55 286
Living cost
23 140
23 140
23 140
23 140
Free-cash
23
25 532
49 805
32 146

Estimated living cost  is ₴23140 per week

₴15014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
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.
₴5655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21368
₴29438
₴27144
₴28923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
social contributions

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

-
-
-
27 800
income
-
-
-
8 990
surtax
-
-
-
-
total
-
-
-
36 790
Employee
23 557
-
64 646
-
surtax
-
-
-
-
social contributions
2 591
-
7 111
-
income
4 900
-
20 101
-
total
7 491
-
27 212
-
Employer
23 557
-
64 646
-
social contributions
5 595
-
15 354
-
total
5 595
-
15 354
-
Corporate
50 848
80 000
-
-
surtax
-
-
-
-
income
10 678
16 800
-
-
total
10 678
16 800
-
-
Dividends
40 169
63 200
-
-
withholding
11 247
17 696
-
-
total
11 247
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 011
34 496
42 566
36 790
After tax
44 989
45 504
37 434
43 210
Living cost
16 066
16 066
16 066
16 066
Free-cash
28 923
29 438
21 368
27 144

Estimated living cost  is ₴16066 per week

₴12021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20366
₴15581
₴20509
₴19103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 480
social contributions
-
-
-
2 279
health
-
-
-
3 064
income
-
-
-
11 690
pensions
-
-
-
15 239
surtax
-
-
-
-
total
-
-
-
34 752
Employee
32 080
-
62 561
-
surtax
-
-
-
-
social contributions
914
-
1 783
-
income
2 799
-
11 592
-
pensions
3 628
-
4 081
-
total
7 341
-
17 456
-
Employer
32 080
-
62 561
-
other
1 107
-
2 326
-
unemployment
1 300
-
2 534
-
health
2 245
-
5 471
-
pensions
5 271
-
6 920
-
social contributions
96
-
188
-
total
10 019
-
17 439
-
Corporate
37 900
80 000
-
-
surtax
-
-
-
-
income
10 612
22 400
-
-
total
10 612
22 400
-
-
Dividends
27 288
57 600
-
-
social contributions
4 694
9 907
-
-
surtax
-
-
-
-
withholding
3 492
7 373
-
-
total
8 186
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 158
39 680
34 895
34 752
After tax
43 842
40 320
45 105
45 248
Living cost
24 739
24 739
24 739
24 739
Free-cash
19 103
15 581
20 366
20 509

Estimated living cost  is ₴24739 per week

₴16743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45999
₴56603
₴43873
₴54883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 130
social contributions
-
-
-
17 600
total
-
-
-
20 730
Employee
16 467
-
69 264
-
income
-
-
3 366
-
social contributions
1 070
-
4 502
-
total
1 070
-
7 868
-
Employer
16 467
-
69 264
-
social contributions
2 552
-
10 736
-
total
2 552
-
10 736
-
Corporate
60 981
80 000
-
-
income
6 098
8 000
-
-
total
6 098
8 000
-
-
Dividends
54 882
72 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
9 720
8 000
18 604
20 730
After tax
70 280
72 000
61 396
59 270
Living cost
15 397
15 397
15 397
15 397
Free-cash
54 883
56 603
45 999
43 873

Estimated living cost  is ₴15397 per week

₴9955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31427
-₴31427
₴23135
-₴31427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 365
pensions
-
-
-
443
national
-
-
-
9 062
municipal
-
-
-
16 365
total
-
-
-
32 235
Employee
103 957
103 957
103 957
-
labour market
8 305
8 305
8 305
-
municipal
22 137
22 137
22 137
-
national
12 700
12 700
12 700
-
pensions
148
148
148
-
total
43 290
43 290
43 290
-
Employer
103 957
103 957
103 957
-
national
12 722
12 722
12 722
-
labour market
8 317
8 317
8 317
-
pensions
296
296
296
-
municipal
22 172
22 172
22 172
-
total
43 507
43 507
43 507
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
86 797
86 797
86 797
32 235
After tax
-6 797
-6 797
-6 797
47 765
Living cost
24 630
24 630
24 630
24 630
Free-cash
-31 427
-31 427
-31 427
23 135

Estimated living cost  is ₴24630 per week

₴16857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31892
-₴4700
₴43548
₴4765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 125
accident
-
-
-
130
income
-
-
-
21 680
pensions
-
-
-
2 146
total
-
-
-
25 272
Employee
17 587
-
71 377
-
income
2 413
-
16 196
-
pensions
1 980
-
3 935
-
health
2 014
-
8 173
-
total
6 407
-
28 304
-
Employer
17 587
-
71 377
-
unemployment
431
-
1 749
-
accident
294
-
1 192
-
pensions
2 860
-
5 683
-
total
3 585
-
8 624
-
Corporate
58 828
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.

52 945
72 000
-
-
total
52 945
72 000
-
-
Dividends
5 883
8 000
-
-
withholding
1 118
1 520
-
-
total
1 118
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 055
73 520
36 928
25 272
After tax
15 945
6 480
43 072
54 728
Living cost
11 180
11 180
11 180
11 180
Free-cash
4 765
-4 700
31 892
43 548

Estimated living cost  is ₴11180 per week

₴8138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22953
₴31100
₴33420
₴32141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 019
national
-
-
-
11 680
municipal
-
-
-
14 216
total
-
-
-
26 915
Employee
26 948
-
67 301
-
municipal
4 414
-
10 966
-
national
445
-
7 342
-
pensions
1 819
-
4 543
-
health
201
-
822
-
unemployment
404
-
1 010
-
total
7 283
-
24 683
-
Employer
26 948
-
67 301
-
unemployment
175
-
437
-
health
207
-
518
-
accident
27
-
67
-
pensions
4 675
-
11 677
-
total
5 084
-
12 699
-
Corporate
47 967
80 000
-
-
income
9 594
16 000
-
-
total
9 594
16 000
-
-
Dividends

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

28 780
48 000
-
-
national
1 052
4 595
-
-
municipal
5 181
8 640
-
-
total
6 233
13 235
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 194
29 235
37 382
26 915
After tax
51 806
50 765
42 618
53 085
Living cost
19 665
19 665
19 665
19 665
Free-cash
32 141
31 100
22 953
33 420

Estimated living cost  is ₴19665 per week

₴12845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42601
₴46534
₴43333
₴43749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
8 287
health
-
-
-
2 040
income
-
-
-
14 481
total
-
-
-
24 808
Employee
39 386
39 386
74 218
-
social contributions
1 489
3 269
4 409
-
income
4 288
3 646
14 087
-
health
305
670
1 262
-
total
6 082
7 585
19 758
-
Employer
39 386
39 386
74 218
-
health
331
729
1 373
-
social contributions
1 489
3 269
4 409
-
total
1 820
3 998
5 782
-
Corporate
60 238
36 616
-
-
income
7 530
4 577
-
-
total
7 530
4 577
-
-
Dividends
52 708
32 039
-
-
withholding
8 960
5 447
-
-
total
8 960
5 447
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 392
21 607
25 540
24 808
After tax
55 608
58 393
54 460
55 192
Living cost
11 859
11 859
11 859
11 859
Free-cash
43 749
46 534
42 601
43 333

Estimated living cost  is ₴11859 per week

₴7107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48412
₴58116
₴58686
₴55512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
80 000
health
-
-
-
1 854
income
-
-
-
8 055
pensions
-
-
-
3 258
unemployment
-
-
-
15
total
-
-
-
13 182
Employee

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

11 757
-
74 994
-
income
804
-
6 786
-
pensions
1 763
-
7 290
-
health
999
-
4 131
-
unemployment
58
-
243
-
total
3 624
-
18 450
-
Employer

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

11 757
-
74 994
-
unemployment
58
-
243
-
health
505
-
2 090
-
pensions
646
-
2 673
-
total
1 209
-
5 006
-
Corporate
67 033
80 000
-
-
income
6 033
7 200
-
-
total
6 033
7 200
-
-
Dividends
61 000
72 800
-
-
withholding
5 490
6 552
-
-
total
5 490
6 552
-
-
Income
80 000
80 000
80 000
80 000
Total tax
16 356
13 752
23 456
13 182
After tax
63 644
66 248
56 544
66 818
Living cost
8 132
8 132
8 132
8 132
Free-cash
55 512
58 116
48 412
58 686

Estimated living cost  is ₴8132 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28775
₴39364
₴30925
₴37066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
20 747
pensions
-
-
-
13 435
unemployment
-
-
-
332
total
-
-
-
34 990
Employee
18 939
-
64 865
-
income
3 651
-
18 989
-
other
18
-
48
-
pensions
890
-
2 232
-
unemployment
294
-
736
-
total
4 853
-
22 005
-
Employer
18 939
-
64 865
-
other
152
-
380
-
unemployment
1 042
-
2 611
-
accident
375
-
940
-
pensions
4 469
-
11 204
-
total
6 038
-
15 135
-
Corporate
55 023
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.

8 253
12 000
-
-
total
8 253
12 000
-
-
Dividends
46 770
68 000
-
-
withholding
9 705
14 551
-
-
total
9 705
14 551
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 849
26 551
37 140
34 990
After tax
51 151
53 449
42 860
45 010
Living cost
14 085
14 085
14 085
14 085
Free-cash
37 066
39 364
28 775
30 925

Estimated living cost  is ₴14085 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
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.
₴2977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50426
₴48971
₴50494
₴48816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
502
income
-
-
-
27 363
pensions
-
-
-
692
total
-
-
-
28 557
Employee
1 445
-
79 221
-
income
280
-
27 327
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
496
-
27 846
-
Employer
1 445
-
79 221
-
unemployment
29
-
69
-
health
137
-
329
-
pensions
159
-
381
-
total
325
-
779
-
Corporate
78 229
80 000
-
-
income
17 210
17 600
-
-
total
17 210
17 600
-
-
Dividends
61 019
62 400
-
-
withholding
12 204
12 480
-
-
total
12 204
12 480
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 235
30 080
28 625
28 557
After tax
49 765
49 920
51 375
51 443
Living cost
949
949
949
949
Free-cash
48 816
48 971
50 426
50 494

Estimated living cost  is ₴949 per week

₴564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39015
₴48960
₴39015
₴46444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
80 000
health
-
-
-
3 891
income
-
-
-
17 865
pensions
-
-
-
9 822
unemployment
-
-
-
567
total
-
-
-
32 145
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.

13 331
-
73 238
-
income
1 838
-
17 865
-
pensions
1 866
-
5 289
-
health
687
-
1 946
-
unemployment
100
-
283
-
total
4 491
-
25 383
-
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.

13 331
-
73 238
-
unemployment
100
-
283
-
health
687
-
1 946
-
pensions
1 600
-
4 533
-
total
2 387
-
6 762
-
Corporate
64 283
80 000
-
-
income
9 642
12 000
-
-
total
9 642
12 000
-
-
Dividends
54 641
68 000
-
-
withholding
8 196
10 200
-
-
total
8 196
10 200
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 716
22 200
32 145
32 145
After tax
55 284
57 800
47 855
47 855
Living cost
8 840
8 840
8 840
8 840
Free-cash
46 444
48 960
39 015
39 015

Estimated living cost  is ₴8840 per week

₴5952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23625
₴31695
₴29401
₴31511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
social contributions

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

-
-
-
27 800
income
-
-
-
8 990
surtax
-
-
-
-
total
-
-
-
36 790
Employee
19 880
-
64 646
-
surtax
-
-
-
-
social contributions
2 187
-
7 111
-
income
3 884
-
20 101
-
total
6 071
-
27 212
-
Employer
19 880
-
64 646
-
social contributions
4 721
-
15 354
-
total
4 721
-
15 354
-
Corporate
55 399
80 000
-
-
surtax
-
-
-
-
income
11 634
16 800
-
-
total
11 634
16 800
-
-
Dividends
43 765
63 200
-
-
withholding
12 254
17 696
-
-
total
12 254
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 680
34 496
42 566
36 790
After tax
45 320
45 504
37 434
43 210
Living cost
13 809
13 809
13 809
13 809
Free-cash
31 511
31 695
23 625
29 401

Estimated living cost  is ₴13809 per week

₴9780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24859
₴35448
₴27009
₴31929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
20 747
pensions
-
-
-
13 435
unemployment
-
-
-
332
total
-
-
-
34 990
Employee
24 737
-
64 865
-
income
5 167
-
18 989
-
other
24
-
48
-
pensions
1 163
-
2 232
-
unemployment
383
-
736
-
total
6 737
-
22 005
-
Employer
24 737
-
64 865
-
other
198
-
380
-
unemployment
1 361
-
2 611
-
accident
490
-
940
-
pensions
5 838
-
11 204
-
total
7 887
-
15 135
-
Corporate
47 376
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.

7 106
12 000
-
-
total
7 106
12 000
-
-
Dividends
40 270
68 000
-
-
withholding
8 340
14 551
-
-
total
8 340
14 551
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 070
26 551
37 140
34 990
After tax
49 930
53 449
42 860
45 010
Living cost
18 001
18 001
18 001
18 001
Free-cash
31 929
35 448
24 859
27 009

Estimated living cost  is ₴18001 per week

₴12928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3420
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57562
₴59663
₴54526
₴56569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
health
-
-
-
2 040
income
-
-
-
12 000
pensions

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

-
-
-
2 626
unemployment
-
-
-
71
total
-
-
-
16 737
Employee
11 569
-
76 519
-
income
1 157
-
7 652
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 016
-
1 558
-
health
532
-
816
-
total
2 832
-
10 221
-
Employer
11 569
-
76 519
-
unemployment
69
-
106
-
health
798
-
1 224
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 275
-
1 955
-
total
2 269
-
3 480
-
Corporate
66 161
80 000
-
-
income
6 616
8 000
-
-
total
6 616
8 000
-
-
Dividends
59 545
72 000
-
-
withholding
2 977
3 600
-
-
total
2 977
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 694
11 600
13 701
16 737
After tax
65 306
68 400
66 299
63 263
Living cost
8 737
8 737
8 737
8 737
Free-cash
56 569
59 663
57 562
54 526

Estimated living cost  is ₴8737 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
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.
₴2250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31833
₴21414
₴23770
₴28114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
health

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

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

-
-
-
3 499
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.

-
-
-
23 595
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.

-
-
-
1 298
trade
-
-
-
8 063
total
-
-
-
36 455
Employee

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

25 485
-
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.

116
-
1 298
-
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.

2 096
-
23 595
-
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.

3 499
-
3 499
-
total
5 711
-
28 392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 515
80 000
-
-
chamber of commerce
157
195
-
-
surtax

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

450
660
-
-
trade
7 823
11 480
-
-
income
8 177
12 000
-
-
total
16 607
24 335
-
-
Dividends
37 907
55 664
-
-
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.

510
754
-
-
withholding
9 283
13 722
-
-
total
9 793
14 476
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 111
38 811
28 392
36 455
After tax
47 889
41 189
51 608
43 545
Living cost
19 775
19 775
19 775
19 775
Free-cash
28 114
21 414
31 833
23 770

Estimated living cost  is ₴19775 per week

₴13641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14179
₴26823
₴14179
₴27953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 534
social contributions
-
-
-
13 110
total
-
-
-
36 644
Employee
40 066
-
80 000
-
income
7 560
-
23 534
-
social contributions
3 329
-
13 110
-
total
10 889
-
36 644
-
Employer
40 066
-
80 000
-
total
-
-
-
-
Corporate
39 934
80 000
-
-
income
4 992
10 000
-
-
total
4 992
10 000
-
-
Dividends
34 942
70 000
-
-
withholding
6 989
14 000
-
-
total
6 989
14 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
22 870
24 000
36 644
36 644
After tax
57 130
56 000
43 356
43 356
Living cost
29 177
29 177
29 177
29 177
Free-cash
27 953
26 823
14 179
14 179

Estimated living cost  is ₴29177 per week

₴22198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38912
₴30701
₴43658
₴32491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 580
health

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

-
-
-
3 169
total
-
-
-
17 749
Employee
23 497
-
77 644
-
income
2 550
-
17 783
-
social contributions
2 354
-
2 356
-
total
4 904
-
20 139
-
Employer
23 497
-
77 644
-
social contributions
2 354
-
2 356
-
total
2 354
-
2 356
-
Corporate
54 149
80 000
-
-
income
18 952
28 000
-
-
total
18 952
28 000
-
-
Dividends
35 197
52 000
-
-
social contributions
2 706
2 706
-
-
total
2 706
2 706
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 916
30 706
22 495
17 749
After tax
51 084
49 294
57 505
62 251
Living cost
18 593
18 593
18 593
18 593
Free-cash
32 491
30 701
38 912
43 658

Estimated living cost  is ₴18593 per week

₴12247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴27650
₴34557
₴34943
₴37555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 896
pensions
-
-
-
4 369
total
-
-
-
26 265
Employee
25 794
-
69 969
-
income
4 697
-
17 036
-
health
336
-
1 050
-
pensions
1 969
-
5 441
-
total
7 002
-
23 527
-
Employer
25 794
-
69 969
-
health
490
-
1 329
-
pensions
2 606
-
8 702
-
total
3 096
-
10 031
-
Corporate
51 109
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.

9 711
15 200
-
-
total
9 711
15 200
-
-
Dividends
41 398
64 800
-
-
withholding
3 844
11 451
-
-
total
3 844
11 451
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 653
26 651
33 558
26 265
After tax
56 347
53 349
46 442
53 735
Living cost
18 792
18 792
18 792
18 792
Free-cash
37 555
34 557
27 650
34 943

Estimated living cost  is ₴18792 per week

₴12891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30785
-₴5807
₴42441
₴4595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 125
accident
-
-
-
130
income
-
-
-
21 680
pensions
-
-
-
2 146
total
-
-
-
25 272
Employee
19 328
-
71 377
-
income
2 652
-
16 196
-
pensions
2 176
-
3 935
-
health
2 213
-
8 173
-
total
7 041
-
28 304
-
Employer
19 328
-
71 377
-
unemployment
473
-
1 749
-
accident
323
-
1 192
-
pensions
3 143
-
5 683
-
total
3 939
-
8 624
-
Corporate
56 733
80 000
-
-
income

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

51 060
72 000
-
-
total
51 060
72 000
-
-
Dividends
5 673
8 000
-
-
withholding
1 078
1 520
-
-
total
1 078
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 118
73 520
36 928
25 272
After tax
16 882
6 480
43 072
54 728
Living cost
12 287
12 287
12 287
12 287
Free-cash
4 595
-5 807
30 785
42 441

Estimated living cost  is ₴12287 per week

₴9017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴48809
₴60412
₴38054
₴58019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 038
health insurance
-
-
-
5 920
work injury
-
-
-
400
pensions
-
-
-
14 720
unemployment
-
-
-
960
total
-
-
-
35 038
Employee

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

11 052
-
80 000
-
income
1 105
-
13 038
-
work injury
55
-
204
-
health insurance
818
-
3 026
-
pensions
2 034
-
7 524
-
unemployment
133
-
491
-
total
4 145
-
24 283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 948
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%.

689
800
-
-
total
689
800
-
-
Dividends
68 258
79 200
-
-
withholding
10 239
11 880
-
-
total
10 239
11 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
15 073
12 680
24 283
35 038
After tax
64 927
67 320
55 717
44 962
Living cost
6 908
6 908
6 908
6 908
Free-cash
58 019
60 412
48 809
38 054

Estimated living cost  is ₴6908 per week

₴4279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13958
₴21733
₴17480
₴19402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
20 576
national
-
-
-
19 183
regional
-
-
-
1 821
municipal
-
-
-
535
total
-
-
-
42 115
Employee
43 161
-
80 000
-
social contributions
14 554
-
26 976
-
municipal
258
-
477
-
national
7 294
-
16 573
-
regional
652
-
1 611
-
total
22 758
-
45 637
-
Employer
43 161
-
80 000
-
total
-
-
-
-
Corporate
36 839
80 000
-
-
nationa
8 841
19 200
-
-
municipal
1 776
3 856
-
-
total
10 617
23 056
-
-
Dividends
26 221
56 944
-
-
withholding
6 818
14 806
-
-
total
6 818
14 806
-
-
Income
80 000
80 000
80 000
80 000
Total tax
40 193
37 862
45 637
42 115
After tax
39 807
42 138
34 363
37 885
Living cost
20 405
20 405
20 405
20 405
Free-cash
19 402
21 733
13 958
17 480

Estimated living cost  is ₴20405 per week

₴14333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
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.
₴4359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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