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
₴25409
₴36401
₴27416
₴30871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income

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

-
-
-
23 957
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.

-
-
-
1 318
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.

-
-
-
3 372
trade
-
-
-
8 985
total
-
-
-
37 632
Employee

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

18 881
-
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.

29
-
1 318
-
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.

527
-
23 957
-
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.

3 372
-
3 372
-
total
3 928
-
28 647
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 119
80 000
-
-
income
9 167
12 000
-
-
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.

504
660
-
-
chamber of commerce
163
190
-
-
trade
9 626
12 600
-
-
total
19 460
25 450
-
-
Dividends
41 658
54 549
-
-
surtax

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

562
740
-
-
withholding
10 227
13 449
-
-
total
10 789
14 189
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 177
39 639
28 647
37 632
After tax
45 823
40 361
51 353
42 368
Living cost
14 952
14 952
14 952
14 952
Free-cash
30 871
25 409
36 401
27 416

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
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.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23705
₴21809
₴21181
₴23269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
social contributions
-
-
-
860
municipal
-
-
-
8 685
national
-
-
-
13 459
pensions
-
-
-
9 600
total
-
-
-
32 604
Employee
40 639
-
69 159
-
municipal
5 020
-
8 995
-
pensions
1 626
-
2 766
-
national
7 778
-
13 939
-
total
14 424
-
25 700
-
Employer
40 639
-
69 159
-
pensions
3 251
-
5 533
-
social contributions
437
-
743
-
total
3 688
-
6 276
-
Corporate
32 991
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%.

6 598
16 000
-
-
total
6 598
16 000
-
-
Dividends
26 393
64 000
-
-
withholding
5 806
14 080
-
-
total
5 806
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 516
30 080
31 976
32 604
After tax
49 484
49 920
48 024
47 396
Living cost
26 215
26 215
26 215
26 215
Free-cash
23 269
23 705
21 809
21 181

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53730
₴37745
₴16739
₴49680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
80 000
income
-
-
-
13 677
surtax
-
-
-
20 400
social contributions

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

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
52 991
Employee
14 425
-
58 579
-
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.

1 587
-
6 444
-
income
2 568
-
11 429
-
total
4 155
-
17 873
-
Employer
14 425
-
58 579
-
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.

3 475
-
14 112
-
surtax
-
-
-
-
total
3 475
-
14 112
-
Corporate
62 101
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%.

12 420
16 000
-
-
total
12 420
16 000
-
-
Dividends

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

49 681
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
20 050
16 000
31 985
52 991
After tax
59 950
64 000
48 015
27 009
Living cost
10 270
10 270
10 270
10 270
Free-cash
49 680
53 730
37 745
16 739

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18823
₴28547
₴23971
₴15800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 478
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
35 349
Employee
42 155
42 155
70 826
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
9 728
-
health
6 470
5 504
6 087
-
total
20 958
18 188
21 599
-
Employer
42 155
42 155
70 826
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
30 980
30 463
-
-
income
6 196
6 093
-
-
total
6 196
6 093
-
-
Dividends
24 784
24 370
-
-
income
5 267
5 179
-
-
withholding
3 717
3 655
-
-
total
8 984
8 834
-
-
Income
80 000
80 000
80 000
80 000
Total tax
43 520
40 497
30 773
35 349
After tax
36 480
39 503
49 227
44 651
Living cost
20 680
20 680
20 680
20 680
Free-cash
15 800
18 823
28 547
23 971

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23455
₴20936
₴21426
₴23000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
20 027
national
-
-
-
5 480
pensions
-
-
-
4 792
total
-
-
-
38 349
Employee
28 819
-
66 073
-
municipal
8 594
-
19 703
-
national
-
-
5 208
-
total
8 594
-
24 911
-
Employer
28 819
-
66 073
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
42 126
80 000
-
-
income
9 268
17 600
-
-
total
9 268
17 600
-
-
Dividends
32 858
62 400
-
-
withholding
9 858
18 720
-
-
total
9 858
18 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 775
36 320
38 839
38 349
After tax
43 225
43 680
41 161
41 651
Living cost
20 225
20 225
20 225
20 225
Free-cash
23 000
23 455
20 936
21 426

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20557
₴31960
₴22575
₴27493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income

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

-
-
-
23 957
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.

-
-
-
1 318
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.

-
-
-
3 372
trade
-
-
-
9 385
total
-
-
-
38 032
Employee

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

25 034
-
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.

118
-
1 318
-
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.

2 151
-
23 957
-
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.

3 372
-
3 372
-
total
5 641
-
28 647
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 966
80 000
-
-
income
8 245
12 000
-
-
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.

453
660
-
-
chamber of commerce
153
188
-
-
trade
9 042
13 160
-
-
total
17 893
26 008
-
-
Dividends
37 073
53 991
-
-
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
732
-
-
withholding
9 081
13 310
-
-
total
9 580
14 042
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 114
40 050
28 647
38 032
After tax
46 886
39 950
51 353
41 968
Living cost
19 393
19 393
19 393
19 393
Free-cash
27 493
20 557
31 960
22 575

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42372
₴38294
₴39017
₴40323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
14 945
social contributions
-
-
-
7 987
health
-
-
-
2 040
total
-
-
-
24 972
Employee
37 959
37 959
74 375
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
14 556
-
health
378
645
1 265
-
total
6 209
7 309
20 070
-
Employer
37 959
37 959
74 375
-
health
411
703
1 376
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 625
-
Corporate
55 525
38 188
-
-
income
6 941
4 774
-
-
total
6 941
4 774
-
-
Dividends
48 584
33 414
-
-
withholding
8 260
5 681
-
-
total
8 260
5 681
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 666
21 617
25 695
24 972
After tax
56 334
58 383
54 305
55 028
Living cost
16 011
16 011
16 011
16 011
Free-cash
40 323
42 372
38 294
39 017

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35899
₴37319
₴46362
₴36086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
9 780
unemployment
-
-
-
1 200
health
-
-
-
5 600
pensions
-
-
-
8 000
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.

13 076
5 204
66 946
-
unemployment
196
78
1 004
-
pensions
1 308
520
6 695
-
income
1 599
636
8 184
-
health
915
364
4 686
-
total
4 018
1 598
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.

13 076
5 204
66 946
-
pensions
2 550
1 015
13 054
-
total
2 550
1 015
13 054
-
Corporate
64 374
73 781
-
-
income
5 794
6 640
-
-
total
5 794
6 640
-
-
Dividends
58 581
67 141
-
-
social contributions
11 364
13 033
-
-
withholding
11 130
12 757
-
-
total
22 494
25 790
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 856
35 043
33 623
24 580
After tax
45 144
44 957
46 377
55 420
Living cost
9 058
9 058
9 058
9 058
Free-cash
36 086
35 899
37 319
46 362

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52077
₴34188
₴30957
₴49011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
10 720
health
-
-
-
10 400
pensions
-
-
-
16 000
total
-
-
-
37 120
Employee
14 004
-
59 791
-
unemployment
224
-
956
-
pensions
280
-
1 196
-
income
1 577
-
11 527
-
total
2 081
-
13 679
-
Employer
14 004
-
59 791
-
health
1 820
-
7 773
-
pensions
2 801
-
11 958
-
unemployment
112
-
479
-
total
4 733
-
20 210
-
Corporate
61 262
80 000
-
-
income
12 252
16 000
-
-
total
12 252
16 000
-
-
Dividends
49 010
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
19 066
16 000
33 889
37 120
After tax
60 934
64 000
46 111
42 880
Living cost
11 923
11 923
11 923
11 923
Free-cash
49 011
52 077
34 188
30 957

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4515
₴32177
₴43723
₴4794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
126
income
-
-
-
21 802
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
25 282
Employee
17 295
-
71 547
-
pensions
1 947
-
3 813
-
income
2 373
-
16 369
-
health
1 980
-
8 192
-
total
6 300
-
28 374
-
Employer
17 295
-
71 547
-
pensions
2 812
-
5 506
-
accident
289
-
1 195
-
unemployment
424
-
1 753
-
total
3 525
-
8 454
-
Corporate
59 180
80 000
-
-
income

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

53 262
72 000
-
-
total
53 262
72 000
-
-
Dividends
5 918
8 000
-
-
withholding
1 124
1 520
-
-
total
1 124
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 211
73 520
36 828
25 282
After tax
15 789
6 480
43 172
54 718
Living cost
10 995
10 995
10 995
10 995
Free-cash
4 794
-4 515
32 177
43 723

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72005
₴60005
₴75205
₴71256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
80 000
-
income
999
-
16 000
-
total
999
-
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%.

75 006
80 000
-
-
total
-
-
-
-
Dividends
75 006
80 000
-
-
withholding
3 750
4 000
-
-
total
3 750
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
4 749
4 000
16 000
800
After tax
75 251
76 000
64 000
79 200
Living cost
3 995
3 995
3 995
3 995
Free-cash
71 256
72 005
60 005
75 205

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45622
₴32354
₴30272
₴42289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
11 690
other
-
-
-
3 565
health
-
-
-
3 303
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.

-
-
-
18 016
total
-
-
-
36 574
Employee
17 924
-
63 898
-
unemployment
179
-
639
-
pensions

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

1 254
-
4 472
-
income
3 086
-
12 384
-
health
251
-
895
-
total
4 770
-
18 390
-
Employer
17 924
-
63 898
-
health
251
-
895
-
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.

3 047
-
10 862
-
accident
143
-
511
-
unemployment
179
-
639
-
other
897
-
3 195
-
total
4 517
-
16 102
-
Corporate
57 559
80 000
-
-
income
12 087
16 800
-
-
total
12 087
16 800
-
-
Dividends
45 472
63 200
-
-
withholding
3 183
4 424
-
-
total
3 183
4 424
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 557
21 224
34 492
36 574
After tax
55 443
58 776
45 508
43 426
Living cost
13 154
13 154
13 154
13 154
Free-cash
42 289
45 622
32 354
30 272

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴20245
₴13440
₴20717
₴20386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 181
pensions
-
-
-
4 286
total
-
-
-
26 467
Employee
46 430
-
69 944
-
pensions
4 479
-
5 319
-
income
8 369
-
17 330
-
health
765
-
1 039
-
total
13 613
-
23 688
-
Employer
46 430
-
69 944
-
health
882
-
1 329
-
pensions
5 482
-
8 727
-
total
6 364
-
10 056
-
Corporate
27 206
80 000
-
-
income

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

5 169
15 200
-
-
total
5 169
15 200
-
-
Dividends
22 038
64 800
-
-
withholding
1 652
11 739
-
-
total
1 652
11 739
-
-
Income
80 000
80 000
80 000
80 000
Total tax
26 798
26 939
33 744
26 467
After tax
53 202
53 061
46 256
53 533
Living cost
32 816
32 816
32 816
32 816
Free-cash
20 386
20 245
13 440
20 717

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61919
₴59970
₴56909
₴59624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
12 000
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
16 610
Employee
8 582
-
76 612
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
7 661
-
health
395
-
794
-
total
2 101
-
10 161
-
Employer
8 582
-
76 612
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
69 734
80 000
-
-
income
6 973
8 000
-
-
total
6 973
8 000
-
-
Dividends
62 761
72 000
-
-
withholding
3 138
3 600
-
-
total
3 138
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
13 895
11 600
13 549
16 610
After tax
66 105
68 400
66 451
63 390
Living cost
6 481
6 481
6 481
6 481
Free-cash
59 624
61 919
59 970
56 909

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12130
₴21854
₴17278
₴13372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 478
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
35 349
Employee
45 767
42 155
70 826
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
9 728
-
health
5 710
5 504
6 087
-
total
18 394
18 188
21 599
-
Employer
45 767
42 155
70 826
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
26 219
30 463
-
-
income
5 244
6 093
-
-
total
5 244
6 093
-
-
Dividends
20 975
24 370
-
-
income
4 457
5 179
-
-
withholding
3 147
3 655
-
-
total
7 604
8 834
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 255
40 497
30 773
35 349
After tax
40 745
39 503
49 227
44 651
Living cost
27 373
27 373
27 373
27 373
Free-cash
13 372
12 130
21 854
17 278

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42813
₴28330
₴31549
₴38436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
7 732
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
10 800
total
-
-
-
36 184
Employee
18 040
-
59 701
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 881
-
income
2 165
-
7 164
-
health
2 435
-
8 060
-
total
5 773
-
19 105
-
Employer
18 040
-
59 701
-
health
1 624
-
5 373
-
social contributions
4 510
-
14 925
-
total
6 134
-
20 298
-
Corporate
55 826
80 000
-
-
income
10 607
15 200
-
-
total
10 607
15 200
-
-
Dividends
45 219
64 800
-
-
withholding
6 783
9 720
-
-
total
6 783
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 297
24 920
39 403
36 184
After tax
50 703
55 080
40 597
43 816
Living cost
12 267
12 267
12 267
12 267
Free-cash
38 436
42 813
28 330
31 549

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21853
₴14196
₴17811
₴19276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
937
municipal
-
-
-
475
national
-
-
-
19 371
total
-
-
-
41 359
Employee
43 872
-
80 000
-
municipal
232
-
424
-
national
7 602
-
16 747
-
regional
414
-
827
-
social contributions
14 794
-
26 976
-
total
23 042
-
44 974
-
Employer
43 872
-
80 000
-
total
-
-
-
-
Corporate
36 128
80 000
-
-
municipal
1 409
3 120
-
-
nationa
8 671
19 200
-
-
total
10 080
22 320
-
-
Dividends
26 048
57 679
-
-
withholding
6 772
14 997
-
-
total
6 772
14 997
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 894
37 317
44 974
41 359
After tax
40 106
42 683
35 026
38 641
Living cost
20 830
20 830
20 830
20 830
Free-cash
19 276
21 853
14 196
17 811

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39427
₴23957
₴27056
₴37891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
20 983
other
-
-
-
-
surtax
-
-
-
3 102
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
42 051
Employee
16 325
-
66 132
-
other
-
-
-
-
unemployment
1 136
-
4 586
-
pensions
1 089
-
4 394
-
surtax
53
-
2 592
-
income
2 736
-
18 030
-
health
417
-
1 680
-
total
5 431
-
31 282
-
Employer
16 325
-
66 132
-
health
743
-
2 998
-
pensions
2 176
-
8 782
-
unemployment
517
-
2 088
-
other
-
-
-
-
total
3 436
-
13 868
-
Corporate
60 239
80 000
-
-
income
15 662
20 800
-
-
total
15 662
20 800
-
-
Dividends
44 577
59 200
-
-
withholding
6 687
8 880
-
-
total
6 687
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 216
29 680
45 150
42 051
After tax
48 784
50 320
34 850
37 949
Living cost
10 893
10 893
10 893
10 893
Free-cash
37 891
39 427
23 957
27 056

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30642
₴23837
₴31114
₴33659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 181
pensions
-
-
-
4 286
total
-
-
-
26 467
Employee
31 116
-
69 944
-
pensions
2 641
-
5 319
-
income
5 604
-
17 330
-
health
452
-
1 039
-
total
8 697
-
23 688
-
Employer
31 116
-
69 944
-
health
591
-
1 329
-
pensions
3 368
-
8 727
-
total
3 959
-
10 056
-
Corporate
44 924
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.

8 536
15 200
-
-
total
8 536
15 200
-
-
Dividends
36 389
64 800
-
-
withholding
2 730
11 739
-
-
total
2 730
11 739
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 922
26 939
33 744
26 467
After tax
56 078
53 061
46 256
53 533
Living cost
22 419
22 419
22 419
22 419
Free-cash
33 659
30 642
23 837
31 114

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2560
₴22259
₴26150
₴14187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 684
health
-
-
-
180
city
-
-
-
843
national
-
-
-
1 042
pensions
-
-
-
7 360
total
-
-
-
14 709
Employee
45 805
-
71 603
-
unemployment
-
-
-
-
pensions
3 848
-
6 016
-
national
217
-
857
-
regional
1 500
-
3 187
-
city
492
-
769
-
health
104
-
161
-
total
6 161
-
10 990
-
Employer
45 805
-
71 603
-
health
104
-
161
-
pensions
3 848
-
6 016
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

916
-
1 433
-
total
4 868
-
7 610
-
Corporate
28 824
80 000
-
-
regional
6 096
16 920
-
-
national
2 450
6 800
-
-
total
8 546
23 720
-
-
Dividends
20 278
56 280
-
-
withholding
7 097
19 699
-
-
total
7 097
19 699
-
-
Income
80 000
80 000
80 000
80 000
Total tax
26 672
43 419
18 600
14 709
After tax
53 328
36 581
61 400
65 291
Living cost
39 141
39 141
39 141
39 141
Free-cash
14 187
-2 560
22 259
26 150

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16925
₴28739
₴18955
₴24927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income

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

-
-
-
23 957
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.

-
-
-
1 318
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.

-
-
-
3 372
trade
-
-
-
9 784
total
-
-
-
38 431
Employee

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

29 667
-
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.

192
-
1 318
-
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.

3 489
-
23 957
-
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.

3 372
-
3 372
-
total
7 053
-
28 647
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 333
80 000
-
-
income
7 550
12 000
-
-
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.

415
660
-
-
chamber of commerce
146
187
-
-
trade
8 633
13 720
-
-
total
16 744
26 567
-
-
Dividends
33 589
53 432
-
-
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.

452
724
-
-
withholding
8 210
13 170
-
-
total
8 662
13 894
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 459
40 461
28 647
38 431
After tax
47 541
39 539
51 353
41 569
Living cost
22 614
22 614
22 614
22 614
Free-cash
24 927
16 925
28 739
18 955

Estimated living cost  is ₴22614 per week

₴16517
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.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23431
₴27849
₴28306
₴26347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
11 952
other
-
-
-
2 480
surtax
-
-
-
-
social contributions
-
-
-
2 280
health
-
-
-
3 165
pensions
-
-
-
14 928
total
-
-
-
34 805
Employee
21 127
-
62 378
-
pensions
2 389
-
4 144
-
surtax
-
-
-
-
social contributions
602
-
1 777
-
income
1 247
-
11 719
-
total
4 238
-
17 640
-
Employer
21 127
-
62 378
-
health
1 479
-
5 544
-
pensions
3 471
-
7 012
-
unemployment
855
-
2 527
-
social contributions
64
-
187
-
other
729
-
2 352
-
total
6 598
-
17 622
-
Corporate
52 275
80 000
-
-
income
14 637
22 400
-
-
surtax
-
-
-
-
total
14 637
22 400
-
-
Dividends
37 638
57 600
-
-
surtax
-
-
-
-
social contributions
6 473
9 907
-
-
withholding
4 818
7 373
-
-
total
11 291
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 764
39 680
35 262
34 805
After tax
43 236
40 320
44 738
45 195
Living cost
16 889
16 889
16 889
16 889
Free-cash
26 347
23 431
27 849
28 306

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25104
₴29522
₴29979
₴27848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
11 952
other
-
-
-
2 480
surtax
-
-
-
-
social contributions
-
-
-
2 280
health
-
-
-
3 165
pensions
-
-
-
14 928
total
-
-
-
34 805
Employee
18 859
-
62 378
-
pensions
2 133
-
4 144
-
surtax
-
-
-
-
social contributions
538
-
1 777
-
income
972
-
11 719
-
total
3 643
-
17 640
-
Employer
18 859
-
62 378
-
health
1 320
-
5 544
-
pensions
3 099
-
7 012
-
unemployment
763
-
2 527
-
social contributions
56
-
187
-
other
651
-
2 352
-
total
5 889
-
17 622
-
Corporate
55 251
80 000
-
-
income
15 470
22 400
-
-
surtax
-
-
-
-
total
15 470
22 400
-
-
Dividends
39 781
57 600
-
-
surtax
-
-
-
-
social contributions
6 842
9 907
-
-
withholding
5 092
7 373
-
-
total
11 934
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 936
39 680
35 262
34 805
After tax
43 064
40 320
44 738
45 195
Living cost
15 216
15 216
15 216
15 216
Free-cash
27 848
25 104
29 522
29 979

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38339
₴39462
₴40908
₴38595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
12 000
social contributions
-
-
-
11 040
health
-
-
-
5 584
total
-
-
-
28 624
Employee
16 738
-
80 000
-
social contributions
2 310
-
11 040
-
income
2 792
-
13 446
-
health
1 168
-
5 584
-
total
6 270
-
30 070
-
Employer
16 738
-
80 000
-
total
-
-
-
-
Corporate
63 262
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%.

3 164
4 000
-
-
total
3 164
4 000
-
-
Dividends
60 099
76 000
-
-
social contributions
8 293
10 488
-
-
withholding
9 015
11 400
-
-
health
4 195
5 305
-
-
total
21 503
27 193
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 937
31 193
30 070
28 624
After tax
49 063
48 807
49 930
51 376
Living cost
10 468
10 468
10 468
10 468
Free-cash
38 595
38 339
39 462
40 908

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26936
₴3683
₴23647
₴26175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
20 434
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
320
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 959
Employee
24 670
19 673
62 921
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 527
2 014
5 906
-
income
2 808
1 451
16 139
-
health
955
762
2 231
-
total
7 276
5 014
26 583
-
Employer
24 670
19 673
62 921
-
chamber of commerce
98
79
252
-
health
932
744
2 180
-
pensions
3 096
2 469
7 238
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
1 888
-
other
1 172
934
2 944
-
total
7 195
5 759
17 078
-
Corporate
48 133
54 568
61 048
-
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.

12 033
13 642
15 262
-
total
12 033
13 642
15 262
-
Dividends
36 100
40 926
-
-
withholding
9 927
11 255
-
-
total
9 927
11 255
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 431
35 670
58 923
38 959
After tax
43 569
44 330
21 077
41 041
Living cost
17 394
17 394
17 394
17 394
Free-cash
26 175
26 936
3 683
23 647

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26757
₴10556
₴16639
₴19352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
communal

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

-
-
-
4 062
social contributions
-
-
-
12 307
national
-
-
-
28 993
total
-
-
-
45 362
Employee

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

35 311
-
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.

307
-
539
-
communal

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

1 842
-
3 232
-
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.

2 648
-
4 647
-
national
10 856
-
22 079
-
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.

1 659
-
2 912
-
total
17 312
-
33 409
-
Employer

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

35 311
-
61 963
-
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.

2 171
-
3 810
-
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.

3 129
-
5 490
-
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.

459
-
805
-
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.

515
-
905
-
surtax
4 004
-
7 026
-
total
10 278
-
18 036
-
Corporate
34 411
80 000
-
-
income
6 883
16 000
-
-
surtax
138
320
-
-
total
7 021
16 320
-
-
Dividends
27 390
63 679
-
-
withholding

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

8 038
18 924
-
-
total
8 038
18 924
-
-
Income
80 000
80 000
80 000
80 000
Total tax
42 649
35 244
51 445
45 362
After tax
37 351
44 756
28 555
34 638
Living cost
17 999
17 999
17 999
17 999
Free-cash
19 352
26 757
10 556
16 639

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35582
₴25075
₴27147
₴32072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
412
income
-
-
-
21 299
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
35 025
Employee
24 573
-
65 413
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
19 605
-
total
6 745
-
22 511
-
Employer
24 573
-
65 413
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
47 595
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.

7 139
12 000
-
-
total
7 139
12 000
-
-
Dividends
40 456
68 000
-
-
withholding
8 383
14 590
-
-
total
8 383
14 590
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 100
26 590
37 097
35 025
After tax
49 900
53 410
42 903
44 975
Living cost
17 828
17 828
17 828
17 828
Free-cash
32 072
35 582
25 075
27 147

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20391
₴16695
₴13504
₴14411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
communal
-
-
-
5 056
accident
-
-
-
674
income
-
-
-
12 361
surtax
-
-
-
3 966
health
-
-
-
5 621
pensions
-
-
-
11 991
total
-
-
-
39 669
Employee
37 383
-
71 459
-
pensions
2 990
-
5 716
-
surtax
2 291
-
4 379
-
income
3 611
-
14 663
-
health
1 664
-
3 180
-
total
10 556
-
27 938
-
Employer
37 383
-
71 459
-
health
1 140
-
2 180
-
pensions
2 990
-
5 716
-
accident
336
-
644
-
total
4 466
-
8 540
-
Corporate
38 150
80 000
-
-
communal
2 575
5 400
-
-
income
5 723
12 000
-
-
surtax
401
840
-
-
total
8 699
18 240
-
-
Dividends
29 451
61 760
-
-
income
10 623
5 278
-
-
withholding
4 418
9 264
-
-
total
15 041
14 542
-
-
Income
80 000
80 000
80 000
80 000
Total tax
38 762
32 782
36 478
39 669
After tax
41 238
47 218
43 522
40 331
Living cost
26 827
26 827
26 827
26 827
Free-cash
14 411
20 391
16 695
13 504

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39232
₴23762
₴26861
₴37662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
20 983
other
-
-
-
-
surtax
-
-
-
3 102
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
42 051
Employee
16 624
-
66 132
-
other
-
-
-
-
unemployment
1 157
-
4 586
-
pensions
1 109
-
4 394
-
surtax
59
-
2 592
-
income
2 787
-
18 030
-
health
424
-
1 680
-
total
5 536
-
31 282
-
Employer
16 624
-
66 132
-
health
756
-
2 998
-
pensions
2 216
-
8 782
-
unemployment
527
-
2 088
-
other
-
-
-
-
total
3 499
-
13 868
-
Corporate
59 876
80 000
-
-
income
15 568
20 800
-
-
total
15 568
20 800
-
-
Dividends
44 308
59 200
-
-
withholding
6 647
8 880
-
-
total
6 647
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 250
29 680
45 150
42 051
After tax
48 750
50 320
34 850
37 949
Living cost
11 088
11 088
11 088
11 088
Free-cash
37 662
39 232
23 762
26 861

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28752
₴21478
₴25074
₴27655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 206
municipal
-
-
-
475
national
-
-
-
19 371
total
-
-
-
41 628
Employee
27 383
-
80 000
-
municipal
145
-
424
-
national
4 338
-
16 747
-
regional
369
-
1 077
-
social contributions
9 234
-
26 976
-
total
14 086
-
45 224
-
Employer
27 383
-
80 000
-
total
-
-
-
-
Corporate
52 617
80 000
-
-
municipal
2 616
3 976
-
-
nationa
12 628
19 200
-
-
total
15 244
23 176
-
-
Dividends
37 373
56 824
-
-
withholding
9 717
14 774
-
-
total
9 717
14 774
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 047
37 950
45 224
41 628
After tax
40 953
42 050
34 776
38 372
Living cost
13 298
13 298
13 298
13 298
Free-cash
27 655
28 752
21 478
25 074

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴39964
₴25481
₴28700
₴34570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
7 732
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
10 800
total
-
-
-
36 184
Employee
22 230
-
59 701
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 881
-
income
2 668
-
7 164
-
health
3 001
-
8 060
-
total
7 114
-
19 105
-
Employer
22 230
-
59 701
-
health
2 001
-
5 373
-
social contributions
5 558
-
14 925
-
total
7 559
-
20 298
-
Corporate
50 212
80 000
-
-
income
9 540
15 200
-
-
total
9 540
15 200
-
-
Dividends
40 672
64 800
-
-
withholding
6 101
9 720
-
-
total
6 101
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 314
24 920
39 403
36 184
After tax
49 686
55 080
40 597
43 816
Living cost
15 116
15 116
15 116
15 116
Free-cash
34 570
39 964
25 481
28 700

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28634
₴5359
₴25389
₴28392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
20 434
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
320
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 862
Employee
21 579
19 673
63 013
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 906
-
income
1 922
1 451
16 177
-
health
835
762
2 231
-
total
5 829
5 014
26 621
-
Employer
21 579
19 673
63 013
-
chamber of commerce
86
79
252
-
health
816
744
2 180
-
pensions
2 708
2 469
7 238
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
1 890
-
other
1 025
934
2 947
-
total
6 209
5 662
16 986
-
Corporate
52 211
54 665
61 140
-
income

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

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

13 053
13 667
15 285
-
total
13 053
13 667
15 285
-
Dividends
39 158
40 999
-
-
withholding
10 768
11 274
-
-
total
10 768
11 274
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 859
35 617
58 892
38 862
After tax
44 141
44 383
21 108
41 138
Living cost
15 749
15 749
15 749
15 749
Free-cash
28 392
28 634
5 359
25 389

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69774
₴57774
₴72974
₴68606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
80 000
microenterprise

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

-
-
-
800
total
-
-
-
800
Employee
7 782
-
80 000
-
income
1 557
-
16 000
-
total
1 557
-
16 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

72 218
80 000
-
-
total
-
-
-
-
Dividends
72 218
80 000
-
-
withholding
3 611
4 000
-
-
total
3 611
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
5 168
4 000
16 000
800
After tax
74 832
76 000
64 000
79 200
Living cost
6 226
6 226
6 226
6 226
Free-cash
68 606
69 774
57 774
72 974

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41839
₴24066
₴26184
₴37709
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
80 000
income
-
-
-
17 973
unemployment
-
-
-
120
health
-
-
-
7 872
pensions
-
-
-
14 610
total
-
-
-
40 575
Employee

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

21 829
-
69 222
-
unemployment
31
-
96
-
pensions
3 384
-
10 729
-
income
3 764
-
16 618
-
health
1 410
-
4 472
-
total
8 589
-
31 915
-
Employer

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

21 829
-
69 222
-
health
1 454
-
4 610
-
pensions
1 932
-
6 127
-
unemployment
13
-
41
-
total
3 399
-
10 778
-
Corporate
54 772
80 000
-
-
income
10 407
15 200
-
-
total
10 407
15 200
-
-
Dividends
44 365
64 800
-
-
withholding
6 655
9 720
-
-
total
6 655
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 050
24 920
42 693
40 575
After tax
50 950
55 080
37 307
39 425
Living cost
13 241
13 241
13 241
13 241
Free-cash
37 709
41 839
24 066
26 184

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27074
₴51817
₴33688
₴3265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
15 594
social contributions
-
-
-
9 120
total
-
-
-
24 714
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
5 366
80 000
-
-
income
1 181
17 600
-
-
total
1 181
17 600
-
-
Dividends
4 186
62 400
-
-
income
921
13 728
-
-
total
921
13 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
55 137
31 328
6 585
24 714
After tax
24 863
48 672
73 415
55 286
Living cost
21 598
21 598
21 598
21 598
Free-cash
3 265
27 074
51 817
33 688

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30020
₴21741
₴27620
₴29524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income
-
-
-
9 096
surtax
-
-
-
-
social contributions

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

-
-
-
27 800
total
-
-
-
36 896
Employee
22 704
-
64 646
-
surtax
-
-
-
-
social contributions
2 497
-
7 111
-
income
4 722
-
20 311
-
total
7 219
-
27 422
-
Employer
22 704
-
64 646
-
social contributions
5 392
-
15 353
-
total
5 392
-
15 353
-
Corporate
51 904
80 000
-
-
income
10 900
16 800
-
-
surtax
-
-
-
-
total
10 900
16 800
-
-
Dividends
41 004
63 200
-
-
withholding
11 481
17 696
-
-
total
11 481
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 992
34 496
42 775
36 896
After tax
45 008
45 504
37 225
43 104
Living cost
15 484
15 484
15 484
15 484
Free-cash
29 524
30 020
21 741
27 620

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16477
₴20895
₴21352
₴19869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
11 952
other
-
-
-
2 480
surtax
-
-
-
-
social contributions
-
-
-
2 280
health
-
-
-
3 165
pensions
-
-
-
14 928
total
-
-
-
34 805
Employee
30 918
-
62 378
-
pensions
3 497
-
4 144
-
surtax
-
-
-
-
social contributions
881
-
1 777
-
income
2 698
-
11 719
-
total
7 076
-
17 640
-
Employer
30 918
-
62 378
-
health
2 164
-
5 544
-
pensions
5 080
-
7 012
-
unemployment
1 252
-
2 527
-
social contributions
93
-
187
-
other
1 067
-
2 352
-
total
9 656
-
17 622
-
Corporate
39 426
80 000
-
-
income
11 039
22 400
-
-
surtax
-
-
-
-
total
11 039
22 400
-
-
Dividends
28 386
57 600
-
-
surtax
-
-
-
-
social contributions
4 883
9 907
-
-
withholding
3 634
7 373
-
-
total
8 517
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 288
39 680
35 262
34 805
After tax
43 712
40 320
44 738
45 195
Living cost
23 842
23 842
23 842
23 842
Free-cash
19 869
16 477
20 895
21 352

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57161
₴46444
₴44319
₴55503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 242
social contributions
-
-
-
17 600
total
-
-
-
20 842
Employee
15 870
-
69 263
-
income
-
-
3 478
-
social contributions
1 031
-
4 502
-
total
1 031
-
7 980
-
Employer
15 870
-
69 263
-
social contributions
2 460
-
10 737
-
total
2 460
-
10 737
-
Corporate
61 670
80 000
-
-
income
6 167
8 000
-
-
total
6 167
8 000
-
-
Dividends
55 503
72 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
9 658
8 000
18 717
20 842
After tax
70 342
72 000
61 283
59 158
Living cost
14 839
14 839
14 839
14 839
Free-cash
55 503
57 161
46 444
44 319

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
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.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴27505
-₴27505
₴23818
-₴27505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 366
municipal
-
-
-
16 459
national
-
-
-
9 166
pensions
-
-
-
428
total
-
-
-
32 419
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
83 742
83 742
83 742
32 419
After tax
-3 742
-3 742
-3 742
47 581
Living cost
23 763
23 763
23 763
23 763
Free-cash
-27 505
-27 505
-27 505
23 818

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4352
₴32340
₴43886
₴4818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
126
income
-
-
-
21 802
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
25 282
Employee
17 040
-
71 547
-
pensions
1 919
-
3 813
-
income
2 338
-
16 369
-
health
1 951
-
8 192
-
total
6 208
-
28 374
-
Employer
17 040
-
71 547
-
pensions
2 771
-
5 506
-
accident
285
-
1 195
-
unemployment
418
-
1 753
-
total
3 474
-
8 454
-
Corporate
59 487
80 000
-
-
income

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

53 538
72 000
-
-
total
53 538
72 000
-
-
Dividends
5 949
8 000
-
-
withholding
1 130
1 520
-
-
total
1 130
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 350
73 520
36 828
25 282
After tax
15 650
6 480
43 172
54 718
Living cost
10 832
10 832
10 832
10 832
Free-cash
4 818
-4 352
32 340
43 886

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31610
₴23459
₴33657
₴32682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 026
municipal
-
-
-
14 216
national
-
-
-
12 149
total
-
-
-
27 391
Employee
25 972
-
67 300
-
municipal
4 254
-
10 965
-
unemployment
390
-
1 010
-
pensions
1 753
-
4 542
-
national
429
-
7 544
-
health
194
-
830
-
total
7 020
-
24 891
-
Employer
25 972
-
67 300
-
health
200
-
518
-
pensions
4 506
-
11 676
-
accident
26
-
67
-
unemployment
169
-
437
-
total
4 901
-
12 698
-
Corporate
49 128
80 000
-
-
income
9 826
16 000
-
-
total
9 826
16 000
-
-
Dividends

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

29 476
48 000
-
-
municipal
5 306
8 640
-
-
national
1 313
4 798
-
-
total
6 619
13 438
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 366
29 438
37 589
27 391
After tax
51 634
50 562
42 411
52 609
Living cost
18 952
18 952
18 952
18 952
Free-cash
32 682
31 610
23 459
33 657

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46954
₴42876
₴43599
₴44269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
14 945
social contributions
-
-
-
7 987
health
-
-
-
2 040
total
-
-
-
24 972
Employee
37 959
37 959
74 375
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
14 556
-
health
294
645
1 265
-
total
5 862
7 309
20 070
-
Employer
37 959
37 959
74 375
-
health
319
703
1 376
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 625
-
Corporate
60 954
38 188
-
-
income
7 619
4 774
-
-
total
7 619
4 774
-
-
Dividends
53 335
33 414
-
-
withholding
9 067
5 681
-
-
total
9 067
5 681
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 302
21 617
25 695
24 972
After tax
55 698
58 383
54 305
55 028
Living cost
11 429
11 429
11 429
11 429
Free-cash
44 269
46 954
42 876
43 599

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58410
₴49239
₴59140
₴55899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
80 000
income
-
-
-
8 082
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
13 022
Employee

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

11 331
-
75 176
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
6 858
-
health
963
-
3 981
-
total
3 493
-
18 099
-
Employer

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

11 331
-
75 176
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
67 503
80 000
-
-
income
6 075
7 200
-
-
total
6 075
7 200
-
-
Dividends
61 428
72 800
-
-
withholding
5 529
6 552
-
-
total
5 529
6 552
-
-
Income
80 000
80 000
80 000
80 000
Total tax
16 263
13 752
22 923
13 022
After tax
63 737
66 248
57 077
66 978
Living cost
7 838
7 838
7 838
7 838
Free-cash
55 899
58 410
49 239
59 140

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴39835
₴29328
₴31400
₴37654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
412
income
-
-
-
21 299
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
35 025
Employee
18 253
-
65 413
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
19 605
-
total
4 678
-
22 511
-
Employer
18 253
-
65 413
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
55 928
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.

8 389
12 000
-
-
total
8 389
12 000
-
-
Dividends
47 539
68 000
-
-
withholding
9 885
14 590
-
-
total
9 885
14 590
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 771
26 590
37 097
35 025
After tax
51 229
53 410
42 903
44 975
Living cost
13 575
13 575
13 575
13 575
Free-cash
37 654
39 835
29 328
31 400

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48959
₴50406
₴50475
₴48802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
27 355
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
28 564
Employee
1 464
-
79 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
27 318
-
health
73
-
175
-
total
503
-
27 844
-
Employer
1 464
-
79 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
78 206
80 000
-
-
income
17 205
17 600
-
-
total
17 205
17 600
-
-
Dividends
61 001
62 400
-
-
withholding
12 200
12 480
-
-
total
12 200
12 480
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 237
30 080
28 633
28 564
After tax
49 763
49 920
51 367
51 436
Living cost
961
961
961
961
Free-cash
48 802
48 959
50 406
50 475

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49263
₴39734
₴39735
₴46834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
80 000
income
-
-
-
17 938
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
31 728
Employee

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

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

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

12 873
-
73 470
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
17 938
-
health
663
-
1 879
-
total
4 336
-
25 198
-
Employer

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

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

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

12 873
-
73 470
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
64 823
80 000
-
-
income
9 723
12 000
-
-
total
9 723
12 000
-
-
Dividends
55 099
68 000
-
-
withholding
8 265
10 200
-
-
total
8 265
10 200
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 629
22 200
31 729
31 728
After tax
55 371
57 800
48 271
48 272
Living cost
8 537
8 537
8 537
8 537
Free-cash
46 834
49 263
39 734
39 735

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32196
₴23917
₴29796
₴32017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income
-
-
-
9 096
surtax
-
-
-
-
social contributions

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

-
-
-
27 800
total
-
-
-
36 896
Employee
19 160
-
64 646
-
surtax
-
-
-
-
social contributions
2 108
-
7 111
-
income
3 744
-
20 311
-
total
5 852
-
27 422
-
Employer
19 160
-
64 646
-
social contributions
4 550
-
15 353
-
total
4 550
-
15 353
-
Corporate
56 290
80 000
-
-
income
11 821
16 800
-
-
surtax
-
-
-
-
total
11 821
16 800
-
-
Dividends
44 469
63 200
-
-
withholding
12 452
17 696
-
-
total
12 452
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 675
34 496
42 775
36 896
After tax
45 325
45 504
37 225
43 104
Living cost
13 308
13 308
13 308
13 308
Free-cash
32 017
32 196
23 917
29 796

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
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.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36061
₴25554
₴27626
₴32719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
412
income
-
-
-
21 299
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
35 025
Employee
23 841
-
65 413
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
19 605
-
total
6 491
-
22 511
-
Employer
23 841
-
65 413
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
48 558
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.

7 284
12 000
-
-
total
7 284
12 000
-
-
Dividends
41 274
68 000
-
-
withholding
8 556
14 590
-
-
total
8 556
14 590
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 932
26 590
37 097
35 025
After tax
50 068
53 410
42 903
44 975
Living cost
17 349
17 349
17 349
17 349
Free-cash
32 719
36 061
25 554
27 626

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴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 Madrid model

Close
Sofia , Bulgaria
₴59896
₴57947
₴54886
₴56882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
12 000
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
16 610
Employee
11 260
-
76 612
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
7 661
-
health
518
-
794
-
total
2 757
-
10 161
-
Employer
11 260
-
76 612
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
66 531
80 000
-
-
income
6 653
8 000
-
-
total
6 653
8 000
-
-
Dividends
59 878
72 000
-
-
withholding
2 994
3 600
-
-
total
2 994
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 614
11 600
13 549
16 610
After tax
65 386
68 400
66 451
63 390
Living cost
8 504
8 504
8 504
8 504
Free-cash
56 882
59 896
57 947
54 886

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22125
₴32295
₴24108
₴28585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
80 000
income

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

-
-
-
23 957
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.

-
-
-
1 318
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.

-
-
-
3 372
trade
-
-
-
8 187
total
-
-
-
36 834
Employee

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

24 562
-
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.

111
-
1 318
-
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.

2 020
-
23 957
-
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.

3 372
-
3 372
-
total
5 503
-
28 647
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 438
80 000
-
-
income
8 316
12 000
-
-
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.

457
660
-
-
chamber of commerce
156
192
-
-
trade
7 955
11 480
-
-
total
16 884
24 332
-
-
Dividends
38 553
55 667
-
-
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.

520
755
-
-
withholding
9 450
13 730
-
-
total
9 970
14 485
-
-
Income
80 000
80 000
80 000
80 000
Total tax
32 357
38 817
28 647
36 834
After tax
47 643
41 183
51 353
43 166
Living cost
19 058
19 058
19 058
19 058
Free-cash
28 585
22 125
32 295
24 108

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27880
₴14854
₴14854
₴28971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 840
social contributions
-
-
-
13 186
total
-
-
-
37 026
Employee
38 614
-
80 000
-
income
7 286
-
23 840
-
social contributions
3 208
-
13 186
-
total
10 494
-
37 026
-
Employer
38 614
-
80 000
-
total
-
-
-
-
Corporate
41 386
80 000
-
-
income
5 173
10 000
-
-
total
5 173
10 000
-
-
Dividends
36 213
70 000
-
-
withholding
7 242
14 000
-
-
total
7 242
14 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
22 909
24 000
37 026
37 026
After tax
57 091
56 000
42 974
42 974
Living cost
28 120
28 120
28 120
28 120
Free-cash
28 971
27 880
14 854
14 854

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
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.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31472
₴39385
₴45045
₴33197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
77 729
-
income
2 457
-
18 153
-
social contributions
2 269
-
2 271
-
total
4 726
-
20 424
-
Employer
22 646
-
77 729
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
55 085
80 000
-
-
income
19 280
28 000
-
-
total
19 280
28 000
-
-
Dividends
35 805
52 000
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 883
30 608
22 695
17 035
After tax
51 117
49 392
57 305
62 965
Living cost
17 920
17 920
17 920
17 920
Free-cash
33 197
31 472
39 385
45 045

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴34835
₴28030
₴35307
₴37741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
22 181
pensions
-
-
-
4 286
total
-
-
-
26 467
Employee
25 018
-
69 944
-
pensions
1 909
-
5 319
-
income
4 556
-
17 330
-
health
326
-
1 039
-
total
6 791
-
23 688
-
Employer
25 018
-
69 944
-
health
475
-
1 329
-
pensions
2 528
-
8 727
-
total
3 003
-
10 056
-
Corporate
51 979
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.

9 876
15 200
-
-
total
9 876
15 200
-
-
Dividends
42 103
64 800
-
-
withholding
4 363
11 739
-
-
total
4 363
11 739
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 033
26 939
33 744
26 467
After tax
55 967
53 061
46 256
53 533
Living cost
18 226
18 226
18 226
18 226
Free-cash
37 741
34 835
28 030
35 307

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5425
₴31267
₴42813
₴4653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
126
income
-
-
-
21 802
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
25 282
Employee
18 727
-
71 547
-
pensions
2 109
-
3 813
-
income
2 569
-
16 369
-
health
2 144
-
8 192
-
total
6 822
-
28 374
-
Employer
18 727
-
71 547
-
pensions
3 045
-
5 506
-
accident
313
-
1 195
-
unemployment
459
-
1 753
-
total
3 817
-
8 454
-
Corporate
57 457
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.

51 711
72 000
-
-
total
51 711
72 000
-
-
Dividends
5 746
8 000
-
-
withholding
1 092
1 520
-
-
total
1 092
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
63 442
73 520
36 828
25 282
After tax
16 558
6 480
43 172
54 718
Living cost
11 905
11 905
11 905
11 905
Free-cash
4 653
-5 425
31 267
42 813

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60650
₴49387
₴38529
₴58340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 085
unemployment
-
-
-
948
work injury
-
-
-
395
health insurance
-
-
-
5 843
pensions
-
-
-
14 530
total
-
-
-
34 801
Employee

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

10 671
-
80 000
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
13 085
-
total
4 002
-
23 943
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 329
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%.

693
800
-
-
total
693
800
-
-
Dividends
68 635
79 200
-
-
withholding
10 295
11 880
-
-
total
10 295
11 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 990
12 680
23 943
34 801
After tax
65 010
67 320
56 057
45 199
Living cost
6 670
6 670
6 670
6 670
Free-cash
58 340
60 650
49 387
38 529

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
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.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22473
₴14516
₴18028
₴20227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 824
municipal
-
-
-
535
national
-
-
-
19 371
total
-
-
-
42 306
Employee
41 598
-
80 000
-
municipal
248
-
477
-
national
7 030
-
16 747
-
regional
628
-
1 618
-
social contributions
14 027
-
26 976
-
total
21 933
-
45 818
-
Employer
41 598
-
80 000
-
total
-
-
-
-
Corporate
38 402
80 000
-
-
municipal
1 851
3 856
-
-
nationa
9 216
19 200
-
-
total
11 067
23 056
-
-
Dividends
27 335
56 944
-
-
withholding
7 107
14 805
-
-
total
7 107
14 805
-
-
Income
80 000
80 000
80 000
80 000
Total tax
40 107
37 861
45 818
42 306
After tax
39 893
42 139
34 182
37 694
Living cost
19 666
19 666
19 666
19 666
Free-cash
20 227
22 473
14 516
18 028

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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