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
₴27334
₴32085
₴28004
₴37460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 456
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.

-
-
-
25 212
health

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

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

-
-
-
2 934
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.

-
-
-
1 387
total
-
-
-
38 989
Employee

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

16 425
-
80 000
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
1 387
-
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.

459
-
25 212
-
total
3 418
-
29 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 575
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.

525
660
-
-
income
9 536
12 000
-
-
trade
10 013
12 600
-
-
chamber of commerce
156
180
-
-
total
20 230
25 440
-
-
Dividends
43 344
54 560
-
-
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.

587
742
-
-
withholding
10 673
13 477
-
-
total
11 260
14 219
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 908
39 659
29 533
38 989
After tax
45 092
40 341
50 467
41 011
Living cost
13 007
13 007
13 007
13 007
Free-cash
32 085
27 334
37 460
28 004

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28253
₴27892
₴25077
₴25507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
8 797
pensions
-
-
-
9 600
national
-
-
-
13 999
social contributions
-
-
-
860
total
-
-
-
33 256
Employee
33 588
-
69 159
-
municipal
4 149
-
9 107
-
pensions
1 344
-
2 766
-
national
6 429
-
14 677
-
total
11 922
-
26 550
-
Employer
33 588
-
69 159
-
social contributions
361
-
743
-
pensions
2 687
-
5 533
-
total
3 048
-
6 276
-
Corporate
41 147
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%.

8 229
16 000
-
-
total
8 229
16 000
-
-
Dividends
32 918
64 000
-
-
withholding
7 242
14 080
-
-
total
7 242
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 441
30 080
32 826
33 256
After tax
49 559
49 920
47 174
46 744
Living cost
21 667
21 667
21 667
21 667
Free-cash
27 892
28 253
25 507
25 077

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴55066
₴51542
₴19046
₴24974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
15 166
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.

-
-
-
16 454
total
-
-
-
52 020
Employee
12 548
-
60 965
-
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.

1 381
-
5 630
-
surtax
-
-
8 840
-
income
2 234
-
12 587
-
total
3 615
-
27 057
-
Employer
12 548
-
60 965
-
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.

3 023
-
12 329
-
surtax
-
-
6 706
-
total
3 023
-
19 035
-
Corporate
64 429
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%.

12 886
16 000
-
-
total
12 886
16 000
-
-
Dividends

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

51 543
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
19 524
16 000
46 092
52 020
After tax
60 476
64 000
33 908
27 980
Living cost
8 934
8 934
8 934
8 934
Free-cash
51 542
55 066
24 974
19 046

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
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.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21683
₴19051
₴25874
₴32465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 810
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
36 136
Employee
36 672
36 672
72 019
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
11 238
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
21 564
-
Employer
36 672
36 672
72 019
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
37 356
36 906
-
-
income
7 471
7 381
-
-
total
7 471
7 381
-
-
Dividends
29 885
29 525
-
-
income
6 351
6 274
-
-
withholding
4 483
4 429
-
-
total
10 834
10 703
-
-
Income
80 000
80 000
80 000
80 000
Total tax
42 959
40 327
29 545
36 136
After tax
37 041
39 673
50 455
43 864
Living cost
17 990
17 990
17 990
17 990
Free-cash
19 051
21 683
32 465
25 874

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27134
₴26762
₴24105
₴23704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
20 723
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
8 121
total
-
-
-
39 349
Employee
23 577
-
68 606
-
municipal
7 031
-
20 458
-
national
-
-
7 899
-
total
7 031
-
28 357
-
Employer
23 577
-
68 606
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
49 015
80 000
-
-
income
10 783
17 600
-
-
total
10 783
17 600
-
-
Dividends
38 232
62 400
-
-
withholding
11 470
18 720
-
-
total
11 470
18 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 692
36 320
39 750
39 349
After tax
43 308
43 680
40 250
40 651
Living cost
16 546
16 546
16 546
16 546
Free-cash
26 762
27 134
23 704
24 105

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23061
₴29093
₴23722
₴33597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 875
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.

-
-
-
25 212
health

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

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

-
-
-
2 934
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.

-
-
-
1 387
total
-
-
-
39 408
Employee

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

21 778
-
80 000
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
1 387
-
income

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

1 871
-
25 212
-
total
4 908
-
29 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 222
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.

480
660
-
-
income
8 734
12 000
-
-
trade
9 578
13 160
-
-
chamber of commerce
148
179
-
-
total
18 940
25 999
-
-
Dividends
39 283
54 000
-
-
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.

531
733
-
-
withholding
9 658
13 337
-
-
total
10 189
14 070
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 037
40 069
29 533
39 408
After tax
45 963
39 931
50 467
40 592
Living cost
16 870
16 870
16 870
16 870
Free-cash
29 093
23 061
33 597
23 722

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44417
₴42636
₴40533
₴39840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 550
health
-
-
-
2 040
social contributions
-
-
-
6 948
total
-
-
-
25 538
Employee
33 022
33 022
74 917
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 274
-
income
3 468
3 057
16 177
-
total
5 401
6 359
21 148
-
Employer
33 022
33 022
74 917
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 386
-
total
1 963
3 352
5 083
-
Corporate
58 708
43 627
-
-
income
7 338
5 454
-
-
total
7 338
5 454
-
-
Dividends
51 370
38 173
-
-
withholding
8 733
6 489
-
-
total
8 733
6 489
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 435
21 654
26 231
25 538
After tax
56 565
58 346
53 769
54 462
Living cost
13 929
13 929
13 929
13 929
Free-cash
42 636
44 417
39 840
40 533

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37152
₴37313
₴47641
₴38598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
66 946
-
health
786
313
4 686
-
income
1 373
546
8 184
-
pensions
1 123
447
6 695
-
unemployment
168
67
1 004
-
total
3 450
1 373
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.

11 229
4 469
66 946
-
pensions
2 190
871
13 054
-
total
2 190
871
13 054
-
Corporate
66 581
74 660
-
-
income
5 992
6 719
-
-
total
5 992
6 719
-
-
Dividends
60 589
67 940
-
-
social contributions
11 764
13 197
-
-
withholding
11 512
12 909
-
-
total
23 276
26 106
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 908
35 069
33 623
24 580
After tax
45 092
44 931
46 377
55 420
Living cost
7 779
7 779
7 779
7 779
Free-cash
37 313
37 152
38 598
47 641

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53628
₴50959
₴32508
₴35739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
10 720
pensions
-
-
-
16 000
health
-
-
-
10 400
total
-
-
-
37 120
Employee
12 182
-
59 790
-
income
1 372
-
11 527
-
pensions
244
-
1 196
-
unemployment
195
-
957
-
total
1 811
-
13 680
-
Employer
12 182
-
59 790
-
unemployment
98
-
478
-
pensions
2 437
-
11 958
-
health
1 583
-
7 773
-
total
4 118
-
20 209
-
Corporate
63 700
80 000
-
-
income
12 740
16 000
-
-
total
12 740
16 000
-
-
Dividends
50 960
64 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
18 669
16 000
33 889
37 120
After tax
61 331
64 000
46 111
42 880
Living cost
10 372
10 372
10 372
10 372
Free-cash
50 959
53 628
35 739
32 508

Estimated living cost  is ₴10372 per week

₴7114
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.
₴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.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2899
₴5043
₴45291
₴34247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
22 360
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 330
Employee
14 754
-
72 323
-
health
1 689
-
8 281
-
income
2 024
-
17 163
-
pensions
1 661
-
3 253
-
total
5 374
-
28 697
-
Employer
14 754
-
72 323
-
accident
246
-
1 208
-
unemployment
361
-
1 772
-
pensions
2 399
-
4 697
-
total
3 006
-
7 677
-
Corporate
62 239
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.

56 015
72 000
-
-
total
56 015
72 000
-
-
Dividends
6 224
8 000
-
-
withholding
1 183
1 520
-
-
total
1 183
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
65 578
73 520
36 374
25 330
After tax
14 422
6 480
43 626
54 670
Living cost
9 379
9 379
9 379
9 379
Free-cash
5 043
-2 899
34 247
45 291

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴72086
₴71353
₴75286
₴60086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 892
-
80 000
-
income
978
-
16 000
-
total
978
-
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%.

75 108
80 000
-
-
total
-
-
-
-
Dividends
75 108
80 000
-
-
withholding
3 755
4 000
-
-
total
3 755
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
4 733
4 000
16 000
800
After tax
75 267
76 000
64 000
79 200
Living cost
3 914
3 914
3 914
3 914
Free-cash
71 353
72 086
60 086
75 286

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47333
₴44433
₴34138
₴33793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 771
pensions

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

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
34 419
Employee
15 592
-
63 899
-
health
218
-
895
-
income
2 684
-
12 656
-
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.

1 091
-
4 472
-
unemployment
156
-
639
-
total
4 149
-
18 662
-
Employer
15 592
-
63 899
-
accident
125
-
511
-
other
780
-
3 195
-
unemployment
156
-
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.

2 651
-
10 862
-
health
218
-
895
-
total
3 930
-
16 102
-
Corporate
60 478
80 000
-
-
income
12 701
16 800
-
-
total
12 701
16 800
-
-
Dividends
47 777
63 200
-
-
withholding
3 344
4 424
-
-
total
3 344
4 424
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 124
21 224
34 764
34 419
After tax
55 876
58 776
45 236
45 581
Living cost
11 443
11 443
11 443
11 443
Free-cash
44 433
47 333
33 793
34 138

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23044
₴25095
₴23853
₴16633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 274
pensions
-
-
-
3 966
total
-
-
-
27 240
Employee
40 899
-
69 849
-
health
674
-
998
-
income
7 373
-
18 461
-
pensions
3 946
-
4 850
-
total
11 993
-
24 309
-
Employer
40 899
-
69 849
-
pensions
4 829
-
8 824
-
health
777
-
1 327
-
total
5 606
-
10 151
-
Corporate
33 495
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.

6 364
15 200
-
-
total
6 364
15 200
-
-
Dividends
27 131
64 800
-
-
withholding
2 035
12 849
-
-
total
2 035
12 849
-
-
Income
80 000
80 000
80 000
80 000
Total tax
25 998
28 049
34 460
27 240
After tax
54 002
51 951
45 540
52 760
Living cost
28 907
28 907
28 907
28 907
Free-cash
25 095
23 044
16 633
23 853

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴62770
₴60776
₴58366
₴61550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
12 000
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
16 005
Employee
7 454
-
77 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
7 706
-
pensions

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

654
-
1 317
-
total
1 824
-
9 878
-
Employer
7 454
-
77 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
71 083
80 000
-
-
income
7 108
8 000
-
-
total
7 108
8 000
-
-
Dividends
63 975
72 000
-
-
withholding
3 199
3 600
-
-
total
3 199
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
13 595
11 600
12 821
16 005
After tax
66 405
68 400
67 179
63 995
Living cost
5 629
5 629
5 629
5 629
Free-cash
60 776
62 770
61 550
58 366

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15860
₴16939
₴20051
₴26642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
25 810
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
36 136
Employee
39 814
36 672
72 019
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
11 238
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
21 564
-
Employer
39 814
36 672
72 019
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
33 215
36 906
-
-
income
6 643
7 381
-
-
total
6 643
7 381
-
-
Dividends
26 572
29 525
-
-
income
5 647
6 274
-
-
withholding
3 986
4 429
-
-
total
9 633
10 703
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 248
40 327
29 545
36 136
After tax
40 752
39 673
50 455
43 864
Living cost
23 813
23 813
23 813
23 813
Free-cash
16 939
15 860
26 642
20 051

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44816
₴41155
₴35732
₴32375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 165
health
-
-
-
10 800
solidarity contribution
-
-
-
270
social contributions
-
-
-
14 769
total
-
-
-
34 004
Employee
15 094
-
61 794
-
social contributions
981
-
3 288
-
health
2 038
-
8 342
-
solidarity contribution
-
-
-
-
income
1 811
-
7 525
-
total
4 830
-
19 155
-
Employer
15 094
-
61 794
-
social contributions
3 773
-
12 645
-
health
1 358
-
5 561
-
total
5 131
-
18 206
-
Corporate
59 774
80 000
-
-
income
11 357
15 200
-
-
total
11 357
15 200
-
-
Dividends
48 417
64 800
-
-
withholding
7 263
9 720
-
-
total
7 263
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 581
24 920
37 361
34 004
After tax
51 419
55 080
42 639
45 996
Living cost
10 264
10 264
10 264
10 264
Free-cash
41 155
44 816
32 375
35 732

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24563
₴22321
₴19858
₴16244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
475
regional
-
-
-
949
national
-
-
-
20 021
social contributions
-
-
-
20 576
total
-
-
-
42 021
Employee
38 166
-
80 000
-
social contributions
12 869
-
26 976
-
regional
360
-
838
-
municipal
202
-
425
-
national
6 613
-
17 396
-
total
20 044
-
45 635
-
Employer
38 166
-
80 000
-
total
-
-
-
-
Corporate
41 834
80 000
-
-
nationa
10 040
19 200
-
-
municipal
1 632
3 120
-
-
total
11 672
22 320
-
-
Dividends
30 163
57 680
-
-
withholding
7 842
14 996
-
-
total
7 842
14 996
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 558
37 316
45 635
42 021
After tax
40 442
42 684
34 365
37 979
Living cost
18 121
18 121
18 121
18 121
Free-cash
22 321
24 563
16 244
19 858

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40844
₴39508
₴28323
₴25698
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 936
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 635
total
-
-
-
42 201
Employee
14 201
-
67 936
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
3 121
-
income
2 380
-
20 368
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
32 762
-
Employer
14 201
-
67 936
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
62 810
80 000
-
-
income
16 330
20 800
-
-
total
16 330
20 800
-
-
Dividends
46 479
59 200
-
-
withholding
6 972
8 880
-
-
total
6 972
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 016
29 680
44 826
42 201
After tax
48 984
50 320
35 174
37 799
Living cost
9 476
9 476
9 476
9 476
Free-cash
39 508
40 844
25 698
28 323

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32202
₴35056
₴33011
₴25791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 274
pensions
-
-
-
3 966
total
-
-
-
27 240
Employee
27 410
-
69 849
-
health
398
-
998
-
income
4 937
-
18 461
-
pensions
2 326
-
4 850
-
total
7 661
-
24 309
-
Employer
27 410
-
69 849
-
pensions
2 967
-
8 824
-
health
521
-
1 327
-
total
3 488
-
10 151
-
Corporate
49 103
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.

9 330
15 200
-
-
total
9 330
15 200
-
-
Dividends
39 773
64 800
-
-
withholding
4 716
12 849
-
-
total
4 716
12 849
-
-
Income
80 000
80 000
80 000
80 000
Total tax
25 195
28 049
34 460
27 240
After tax
54 805
51 951
45 540
52 760
Living cost
19 749
19 749
19 749
19 749
Free-cash
35 056
32 202
25 791
33 011

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3785
₴17818
₴31582
₴27995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
843
pensions
-
-
-
7 360
other

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

-
-
-
1 600
regional
-
-
-
4 100
health
-
-
-
180
national
-
-
-
1 538
total
-
-
-
15 621
Employee
38 381
-
71 616
-
city
412
-
770
-
regional
1 257
-
3 542
-
health
87
-
161
-
pensions
3 224
-
6 003
-
unemployment
-
-
-
-
national
182
-
1 136
-
total
5 162
-
11 612
-
Employer
38 381
-
71 616
-
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.

767
-
1 432
-
unemployment
-
-
-
-
pensions
3 224
-
6 003
-
health
87
-
161
-
total
4 078
-
7 596
-
Corporate
37 119
80 000
-
-
regional
7 851
16 920
-
-
national
3 155
6 800
-
-
total
11 006
23 720
-
-
Dividends
26 113
56 280
-
-
withholding
9 139
19 698
-
-
total
9 139
19 698
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 385
43 418
19 208
15 621
After tax
50 615
36 582
60 792
64 379
Living cost
32 797
32 797
32 797
32 797
Free-cash
17 818
3 785
27 995
31 582

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19846
₴26809
₴20498
₴30794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 296
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.

-
-
-
25 212
health

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

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

-
-
-
2 934
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.

-
-
-
1 387
total
-
-
-
39 829
Employee

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

25 808
-
80 000
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
1 387
-
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.

3 035
-
25 212
-
total
6 136
-
29 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 192
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.

447
660
-
-
income
8 129
12 000
-
-
trade
9 294
13 720
-
-
chamber of commerce
142
178
-
-
total
18 012
26 558
-
-
Dividends
36 180
53 442
-
-
surtax

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

488
726
-
-
withholding
8 882
13 197
-
-
total
9 370
13 923
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 518
40 481
29 533
39 829
After tax
46 482
39 519
50 467
40 171
Living cost
19 673
19 673
19 673
19 673
Free-cash
26 809
19 846
30 794
20 498

Estimated living cost  is ₴19673 per week

₴14368
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.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25628
₴28165
₴30321
₴28773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 860
pensions
-
-
-
13 850
other
-
-
-
2 480
health
-
-
-
3 518
surtax
-
-
-
-
social contributions
-
-
-
2 279
total
-
-
-
34 987
Employee
18 379
-
61 747
-
social contributions
524
-
1 759
-
surtax
-
-
-
-
income
1 085
-
12 159
-
pensions
2 078
-
4 363
-
total
3 687
-
18 281
-
Employer
18 379
-
61 747
-
other
634
-
2 439
-
social contributions
55
-
185
-
unemployment
744
-
2 501
-
pensions
3 019
-
7 333
-
health
1 287
-
5 796
-
total
5 739
-
18 254
-
Corporate
55 881
80 000
-
-
surtax
-
-
-
-
income
15 647
22 400
-
-
total
15 647
22 400
-
-
Dividends
40 234
57 600
-
-
surtax
-
-
-
-
social contributions
6 920
9 907
-
-
withholding
5 150
7 373
-
-
total
12 070
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
37 143
39 680
36 535
34 987
After tax
42 857
40 320
43 465
45 013
Living cost
14 692
14 692
14 692
14 692
Free-cash
28 165
25 628
28 773
30 321

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27083
₴29469
₴31776
₴30228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 860
pensions
-
-
-
13 850
other
-
-
-
2 480
health
-
-
-
3 518
surtax
-
-
-
-
social contributions
-
-
-
2 279
total
-
-
-
34 987
Employee
16 406
-
61 747
-
social contributions
468
-
1 759
-
surtax
-
-
-
-
income
846
-
12 159
-
pensions
1 856
-
4 363
-
total
3 170
-
18 281
-
Employer
16 406
-
61 747
-
other
566
-
2 439
-
social contributions
49
-
185
-
unemployment
664
-
2 501
-
pensions
2 696
-
7 333
-
health
1 148
-
5 796
-
total
5 123
-
18 254
-
Corporate
58 470
80 000
-
-
surtax
-
-
-
-
income
16 372
22 400
-
-
total
16 372
22 400
-
-
Dividends
42 098
57 600
-
-
surtax
-
-
-
-
social contributions
7 241
9 907
-
-
withholding
5 388
7 373
-
-
total
12 629
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
37 294
39 680
36 535
34 987
After tax
42 706
40 320
43 465
45 013
Living cost
13 237
13 237
13 237
13 237
Free-cash
29 469
27 083
30 228
31 776

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39702
₴39923
₴42270
₴40492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 584
social contributions
-
-
-
11 040
total
-
-
-
28 624
Employee
14 560
-
80 000
-
social contributions
2 010
-
11 040
-
health
1 016
-
5 584
-
income
2 429
-
13 778
-
total
5 455
-
30 402
-
Employer
14 560
-
80 000
-
total
-
-
-
-
Corporate
65 440
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%.

3 272
4 000
-
-
total
3 272
4 000
-
-
Dividends
62 168
76 000
-
-
health
4 340
5 304
-
-
social contributions
8 579
10 488
-
-
withholding
9 325
11 400
-
-
total
22 244
27 192
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 971
31 192
30 402
28 624
After tax
49 029
48 808
49 598
51 376
Living cost
9 106
9 106
9 106
9 106
Free-cash
39 923
39 702
40 492
42 270

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29093
₴28426
₴25939
₴6018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
320
income
-
-
-
22 771
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
38 929
Employee
21 461
17 114
64 436
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
18 500
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
27 585
-
Employer
21 461
17 114
64 436
-
accident
279
222
652
-
other
1 019
812
2 939
-
chamber of commerce
86
68
258
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
1 933
-
health
811
647
1 896
-
total
6 261
5 008
15 564
-
Corporate
52 278
57 876
62 806
-
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.

13 070
14 469
15 701
-
total
13 070
14 469
15 701
-
Dividends
39 208
43 407
-
-
withholding
10 782
11 937
-
-
total
10 782
11 937
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 442
35 775
58 850
38 929
After tax
43 558
44 225
21 150
41 071
Living cost
15 132
15 132
15 132
15 132
Free-cash
28 426
29 093
6 018
25 939

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29075
₴22635
₴19052
₴12263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
30 425
communal

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

-
-
-
4 158
social contributions
-
-
-
10 707
total
-
-
-
45 290
Employee

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

30 718
-
61 963
-
communal

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

1 602
-
3 232
-
health

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

1 443
-
2 912
-
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.

2 304
-
4 648
-
unemployment

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

267
-
539
-
national
9 444
-
22 711
-
total
15 060
-
34 042
-
Employer

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

30 718
-
61 963
-
accident

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

399
-
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.

448
-
905
-
surtax
3 483
-
7 026
-
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.

2 722
-
5 490
-
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.

1 889
-
3 811
-
total
8 941
-
18 037
-
Corporate
40 341
80 000
-
-
surtax
161
320
-
-
income
8 068
16 000
-
-
total
8 229
16 320
-
-
Dividends
32 112
63 680
-
-
withholding

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

9 477
18 947
-
-
total
9 477
18 947
-
-
Income
80 000
80 000
80 000
80 000
Total tax
41 707
35 267
52 079
45 290
After tax
38 293
44 733
27 921
34 710
Living cost
15 658
15 658
15 658
15 658
Free-cash
22 635
29 075
12 263
19 052

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37763
₴34823
₴29338
₴27536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
23 211
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 153
Employee
21 376
-
67 311
-
other
21
-
40
-
income
4 510
-
21 737
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
24 265
-
Employer
21 376
-
67 311
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
51 810
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.

7 771
12 000
-
-
total
7 771
12 000
-
-
Dividends
44 039
68 000
-
-
withholding
9 216
14 728
-
-
total
9 216
14 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 668
26 728
36 955
35 153
After tax
50 332
53 272
43 045
44 847
Living cost
15 509
15 509
15 509
15 509
Free-cash
34 823
37 763
27 536
29 338

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴23154
₴17518
₴15727
₴18918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
675
income
-
-
-
13 627
pensions
-
-
-
11 991
health
-
-
-
5 621
surtax
-
-
-
3 966
communal
-
-
-
5 056
total
-
-
-
40 936
Employee
32 521
-
71 461
-
health
1 447
-
3 180
-
surtax
1 993
-
4 379
-
income
3 141
-
15 930
-
pensions
2 601
-
5 717
-
total
9 182
-
29 206
-
Employer
32 521
-
71 461
-
accident
293
-
643
-
pensions
2 601
-
5 717
-
health
992
-
2 179
-
total
3 886
-
8 539
-
Corporate
43 594
80 000
-
-
surtax
458
840
-
-
communal
2 943
5 400
-
-
income
6 539
12 000
-
-
total
9 940
18 240
-
-
Dividends
33 654
61 760
-
-
income
11 089
6 005
-
-
withholding
5 048
9 264
-
-
total
16 137
15 269
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 145
33 509
37 745
40 936
After tax
40 855
46 491
42 255
39 064
Living cost
23 337
23 337
23 337
23 337
Free-cash
17 518
23 154
18 918
15 727

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40674
₴39309
₴28153
₴25528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 936
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 635
total
-
-
-
42 201
Employee
14 462
-
67 936
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
3 121
-
income
2 424
-
20 368
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
32 762
-
Employer
14 462
-
67 936
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
62 494
80 000
-
-
income
16 248
20 800
-
-
total
16 248
20 800
-
-
Dividends
46 245
59 200
-
-
withholding
6 937
8 880
-
-
total
6 937
8 880
-
-
Income
80 000
80 000
80 000
80 000
Total tax
31 045
29 680
44 826
42 201
After tax
48 955
50 320
35 174
37 799
Living cost
9 646
9 646
9 646
9 646
Free-cash
39 309
40 674
25 528
28 153

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴30482
₴29528
₴26153
₴22559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
475
regional
-
-
-
1 207
national
-
-
-
20 021
social contributions
-
-
-
20 576
total
-
-
-
42 279
Employee
23 821
-
80 000
-
social contributions
8 033
-
26 976
-
regional
321
-
1 076
-
municipal
126
-
425
-
national
3 774
-
17 396
-
total
12 254
-
45 873
-
Employer
23 821
-
80 000
-
total
-
-
-
-
Corporate
56 179
80 000
-
-
nationa
13 483
19 200
-
-
municipal
2 792
3 976
-
-
total
16 275
23 176
-
-
Dividends
39 904
56 824
-
-
withholding
10 375
14 774
-
-
total
10 375
14 774
-
-
Income
80 000
80 000
80 000
80 000
Total tax
38 904
37 950
45 873
42 279
After tax
41 096
42 050
34 127
37 721
Living cost
11 568
11 568
11 568
11 568
Free-cash
29 528
30 482
22 559
26 153

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42432
₴37919
₴33348
₴29991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 165
health
-
-
-
10 800
solidarity contribution
-
-
-
270
social contributions
-
-
-
14 769
total
-
-
-
34 004
Employee
18 600
-
61 794
-
social contributions
1 209
-
3 288
-
health
2 511
-
8 342
-
solidarity contribution
-
-
-
-
income
2 232
-
7 525
-
total
5 952
-
19 155
-
Employer
18 600
-
61 794
-
social contributions
4 650
-
12 645
-
health
1 674
-
5 561
-
total
6 324
-
18 206
-
Corporate
55 076
80 000
-
-
income
10 465
15 200
-
-
total
10 465
15 200
-
-
Dividends
44 612
64 800
-
-
withholding
6 692
9 720
-
-
total
6 692
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 433
24 920
37 361
34 004
After tax
50 567
55 080
42 639
45 996
Living cost
12 648
12 648
12 648
12 648
Free-cash
37 919
42 432
29 991
33 348

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30571
₴30355
₴27455
₴7471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
320
income
-
-
-
22 771
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
38 844
Employee
18 772
17 114
64 515
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
18 538
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
27 623
-
Employer
18 772
17 114
64 515
-
accident
244
222
652
-
other
892
812
2 942
-
chamber of commerce
75
68
258
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
1 935
-
health
710
647
1 896
-
total
5 403
4 923
15 484
-
Corporate
55 826
57 961
62 885
-
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.

13 957
14 490
15 721
-
total
13 957
14 490
15 721
-
Dividends
41 869
43 471
-
-
withholding
11 514
11 954
-
-
total
11 514
11 954
-
-
Income
80 000
80 000
80 000
80 000
Total tax
35 944
35 728
58 828
38 844
After tax
44 056
44 272
21 172
41 156
Living cost
13 701
13 701
13 701
13 701
Free-cash
30 355
30 571
7 471
27 455

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69901
₴68757
₴73101
₴57901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 624
-
80 000
-
income
1 525
-
16 000
-
total
1 525
-
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%.

72 376
80 000
-
-
total
-
-
-
-
Dividends
72 376
80 000
-
-
withholding
3 619
4 000
-
-
total
3 619
4 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
5 144
4 000
16 000
800
After tax
74 856
76 000
64 000
79 200
Living cost
6 099
6 099
6 099
6 099
Free-cash
68 757
69 901
57 901
73 101

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43562
₴39971
₴27334
₴25214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 547
pensions
-
-
-
14 610
unemployment
-
-
-
120
health
-
-
-
7 871
total
-
-
-
41 148
Employee

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

18 990
-
69 222
-
health
1 226
-
4 472
-
income
3 275
-
17 192
-
pensions
2 944
-
10 729
-
unemployment
27
-
97
-
total
7 472
-
32 490
-
Employer

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

18 990
-
69 222
-
unemployment
11
-
42
-
pensions
1 680
-
6 126
-
health
1 265
-
4 610
-
total
2 956
-
10 778
-
Corporate
58 054
80 000
-
-
income
11 030
15 200
-
-
total
11 030
15 200
-
-
Dividends
47 023
64 800
-
-
withholding
7 053
9 720
-
-
total
7 053
9 720
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 511
24 920
43 268
41 148
After tax
51 489
55 080
36 732
38 852
Living cost
11 518
11 518
11 518
11 518
Free-cash
39 971
43 562
25 214
27 334

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30120
₴9669
₴36734
₴55792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
15 892
80 000
-
-
income
3 496
17 600
-
-
total
3 496
17 600
-
-
Dividends
12 396
62 400
-
-
income
2 727
13 728
-
-
total
2 727
13 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
51 779
31 328
5 656
24 714
After tax
28 221
48 672
74 344
55 286
Living cost
18 552
18 552
18 552
18 552
Free-cash
9 669
30 120
55 792
36 734

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32034
₴31602
₴29095
₴23030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 635
surtax
-
-
-
-
social contributions

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

-
-
-
27 800
total
-
-
-
37 435
Employee
19 751
-
64 647
-
social contributions
2 173
-
7 111
-
surtax
-
-
-
-
income
4 108
-
21 036
-
total
6 281
-
28 147
-
Employer
19 751
-
64 647
-
social contributions
4 691
-
15 353
-
total
4 691
-
15 353
-
Corporate
55 559
80 000
-
-
surtax
-
-
-
-
income
11 667
16 800
-
-
total
11 667
16 800
-
-
Dividends
43 891
63 200
-
-
withholding
12 289
17 696
-
-
total
12 289
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 928
34 496
43 500
37 435
After tax
45 072
45 504
36 500
42 565
Living cost
13 470
13 470
13 470
13 470
Free-cash
31 602
32 034
23 030
29 095

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19579
₴22531
₴24272
₴22724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 860
pensions
-
-
-
13 850
other
-
-
-
2 480
health
-
-
-
3 518
surtax
-
-
-
-
social contributions
-
-
-
2 279
total
-
-
-
34 987
Employee
26 896
-
61 747
-
social contributions
766
-
1 759
-
surtax
-
-
-
-
income
2 347
-
12 159
-
pensions
3 042
-
4 363
-
total
6 155
-
18 281
-
Employer
26 896
-
61 747
-
other
928
-
2 439
-
social contributions
81
-
185
-
unemployment
1 090
-
2 501
-
pensions
4 419
-
7 333
-
health
1 883
-
5 796
-
total
8 401
-
18 254
-
Corporate
44 703
80 000
-
-
surtax
-
-
-
-
income
12 517
22 400
-
-
total
12 517
22 400
-
-
Dividends
32 187
57 600
-
-
surtax
-
-
-
-
social contributions
5 536
9 907
-
-
withholding
4 119
7 373
-
-
total
9 655
17 280
-
-
Income
80 000
80 000
80 000
80 000
Total tax
36 728
39 680
36 535
34 987
After tax
43 272
40 320
43 465
45 013
Living cost
20 741
20 741
20 741
20 741
Free-cash
22 531
19 579
22 724
24 272

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59091
₴57649
₴45859
₴47985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 632
social contributions
-
-
-
17 600
total
-
-
-
21 232
Employee
13 806
-
69 263
-
income
-
-
3 868
-
social contributions
897
-
4 503
-
total
897
-
8 371
-
Employer
13 806
-
69 263
-
social contributions
2 140
-
10 735
-
total
2 140
-
10 735
-
Corporate
64 054
80 000
-
-
income
6 405
8 000
-
-
total
6 405
8 000
-
-
Dividends
57 649
72 000
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
9 442
8 000
19 106
21 232
After tax
70 558
72 000
60 894
58 768
Living cost
12 909
12 909
12 909
12 909
Free-cash
57 649
59 091
47 985
45 859

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13558
-₴13558
₴26251
-₴13558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
16 794
pensions
-
-
-
372
national
-
-
-
9 533
labour market
-
-
-
6 370
total
-
-
-
33 069
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 000
80 000
80 000
80 000
Total tax
72 878
72 878
72 878
33 069
After tax
7 122
7 122
7 122
46 931
Living cost
20 680
20 680
20 680
20 680
Free-cash
-13 558
-13 558
-13 558
26 251

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2761
₴5061
₴45429
₴34385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
22 360
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 330
Employee
14 536
-
72 323
-
health
1 665
-
8 281
-
income
1 994
-
17 163
-
pensions
1 637
-
3 253
-
total
5 296
-
28 697
-
Employer
14 536
-
72 323
-
accident
243
-
1 208
-
unemployment
356
-
1 772
-
pensions
2 364
-
4 697
-
total
2 963
-
7 677
-
Corporate
62 501
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.

56 251
72 000
-
-
total
56 251
72 000
-
-
Dividends
6 250
8 000
-
-
withholding
1 188
1 520
-
-
total
1 188
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
65 698
73 520
36 374
25 330
After tax
14 302
6 480
43 626
54 670
Living cost
9 241
9 241
9 241
9 241
Free-cash
5 061
-2 761
34 385
45 429

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33372
₴34555
₴34479
₴25204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14 211
health
-
-
-
1 053
national
-
-
-
13 770
total
-
-
-
29 034
Employee
22 594
-
67 300
-
health
169
-
857
-
municipal
3 701
-
10 960
-
pensions
1 525
-
4 542
-
unemployment
339
-
1 010
-
national
373
-
8 240
-
total
6 107
-
25 609
-
Employer
22 594
-
67 300
-
accident
23
-
68
-
unemployment
147
-
438
-
pensions
3 920
-
11 676
-
health
174
-
518
-
total
4 264
-
12 700
-
Corporate
53 144
80 000
-
-
income
10 628
16 000
-
-
total
10 628
16 000
-
-
Dividends

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

31 886
48 000
-
-
national
2 219
5 501
-
-
municipal
5 740
8 640
-
-
total
7 959
14 141
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 958
30 141
38 309
29 034
After tax
51 042
49 859
41 691
50 966
Living cost
16 487
16 487
16 487
16 487
Free-cash
34 555
33 372
25 204
34 479

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48403
₴46068
₴44519
₴43826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 550
health
-
-
-
2 040
social contributions
-
-
-
6 948
total
-
-
-
25 538
Employee
33 022
33 022
74 917
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 274
-
income
3 595
3 057
16 177
-
total
5 099
6 359
21 148
-
Employer
33 022
33 022
74 917
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 386
-
total
1 526
3 352
5 083
-
Corporate
63 431
43 627
-
-
income
7 929
5 454
-
-
total
7 929
5 454
-
-
Dividends
55 503
38 173
-
-
withholding
9 435
6 489
-
-
total
9 435
6 489
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 989
21 654
26 231
25 538
After tax
56 011
58 346
53 769
54 462
Living cost
9 943
9 943
9 943
9 943
Free-cash
46 068
48 403
43 826
44 519

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59430
₴57246
₴60709
₴52095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 175
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
12 473
Employee

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

9 857
-
75 803
-
health
838
-
3 463
-
income
674
-
7 111
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
16 890
-
Employer

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

9 857
-
75 803
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
69 128
80 000
-
-
income
6 221
7 200
-
-
total
6 221
7 200
-
-
Dividends
62 907
72 800
-
-
withholding
5 661
6 552
-
-
total
5 661
6 552
-
-
Income
80 000
80 000
80 000
80 000
Total tax
15 936
13 752
21 087
12 473
After tax
64 064
66 248
58 913
67 527
Living cost
6 818
6 818
6 818
6 818
Free-cash
57 246
59 430
52 095
60 709

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41463
₴39568
₴33038
₴31236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
23 211
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 153
Employee
15 879
-
67 311
-
other
15
-
40
-
income
3 061
-
21 737
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
24 265
-
Employer
15 879
-
67 311
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
59 059
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.

8 859
12 000
-
-
total
8 859
12 000
-
-
Dividends
50 200
68 000
-
-
withholding
10 633
14 728
-
-
total
10 633
14 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 623
26 728
36 955
35 153
After tax
51 377
53 272
43 045
44 847
Living cost
11 809
11 809
11 809
11 809
Free-cash
39 568
41 463
31 236
33 038

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48745
₴48551
₴50135
₴50051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 211
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
28 690
Employee
1 790
-
79 036
-
health
90
-
214
-
income
346
-
27 166
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
27 809
-
Employer
1 790
-
79 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
77 807
80 000
-
-
income
17 118
17 600
-
-
total
17 118
17 600
-
-
Dividends
60 689
62 400
-
-
withholding
12 138
12 480
-
-
total
12 138
12 480
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 274
30 080
28 774
28 690
After tax
49 726
49 920
51 226
51 310
Living cost
1 175
1 175
1 175
1 175
Free-cash
48 551
48 745
50 051
50 135

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50380
₴48270
₴42386
₴42386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 208
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
30 194
Employee

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

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

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

11 188
-
74 325
-
health
576
-
1 633
-
income
1 542
-
18 208
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
24 518
-
Employer

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

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

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

11 188
-
74 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
66 809
80 000
-
-
income
10 021
12 000
-
-
total
10 021
12 000
-
-
Dividends
56 788
68 000
-
-
withholding
8 518
10 200
-
-
total
8 518
10 200
-
-
Income
80 000
80 000
80 000
80 000
Total tax
24 310
22 200
30 194
30 194
After tax
55 690
57 800
49 806
49 806
Living cost
7 420
7 420
7 420
7 420
Free-cash
48 270
50 380
42 386
42 386

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴33927
₴33772
₴30988
₴24923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 635
surtax
-
-
-
-
social contributions

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

-
-
-
27 800
total
-
-
-
37 435
Employee
16 667
-
64 647
-
social contributions
1 834
-
7 111
-
surtax
-
-
-
-
income
3 257
-
21 036
-
total
5 091
-
28 147
-
Employer
16 667
-
64 647
-
social contributions
3 958
-
15 353
-
total
3 958
-
15 353
-
Corporate
59 374
80 000
-
-
surtax
-
-
-
-
income
12 469
16 800
-
-
total
12 469
16 800
-
-
Dividends
46 906
63 200
-
-
withholding
13 133
17 696
-
-
total
13 133
17 696
-
-
Income
80 000
80 000
80 000
80 000
Total tax
34 651
34 496
43 500
37 435
After tax
45 349
45 504
36 500
42 565
Living cost
11 577
11 577
11 577
11 577
Free-cash
33 772
33 927
24 923
30 988

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38180
₴35369
₴29755
₴27953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
accident
-
-
-
359
income
-
-
-
23 211
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 153
Employee
20 740
-
67 311
-
other
20
-
40
-
income
4 332
-
21 737
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
24 265
-
Employer
20 740
-
67 311
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
52 648
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.

7 898
12 000
-
-
total
7 898
12 000
-
-
Dividends
44 750
68 000
-
-
withholding
9 380
14 728
-
-
total
9 380
14 728
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 539
26 728
36 955
35 153
After tax
50 461
53 272
43 045
44 847
Living cost
15 092
15 092
15 092
15 092
Free-cash
35 369
38 180
27 953
29 755

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61014
₴58397
₴56609
₴59793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
income
-
-
-
12 000
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
16 005
Employee
9 780
-
77 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
7 706
-
pensions

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

859
-
1 317
-
total
2 394
-
9 878
-
Employer
9 780
-
77 058
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
68 301
80 000
-
-
income
6 830
8 000
-
-
total
6 830
8 000
-
-
Dividends
61 471
72 000
-
-
withholding
3 074
3 600
-
-
total
3 074
3 600
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 217
11 600
12 821
16 005
After tax
65 783
68 400
67 179
63 995
Living cost
7 386
7 386
7 386
7 386
Free-cash
58 397
61 014
59 793
56 609

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24586
₴30203
₴25273
₴33888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 615
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.

-
-
-
25 212
health

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

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

-
-
-
2 934
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.

-
-
-
1 387
total
-
-
-
38 148
Employee

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

21 367
-
80 000
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
1 387
-
income

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

1 757
-
25 212
-
total
4 788
-
29 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 633
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.

484
660
-
-
income
8 795
12 000
-
-
trade
8 414
11 480
-
-
chamber of commerce
151
183
-
-
total
17 844
24 323
-
-
Dividends
40 789
55 677
-
-
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.

552
756
-
-
withholding
10 034
13 756
-
-
total
10 586
14 512
-
-
Income
80 000
80 000
80 000
80 000
Total tax
33 218
38 835
29 533
38 148
After tax
46 782
41 165
50 467
41 852
Living cost
16 579
16 579
16 579
16 579
Free-cash
30 203
24 586
33 888
25 273

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31537
₴32484
₴17187
₴17187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 902
social contributions
-
-
-
13 448
total
-
-
-
38 350
Employee
33 591
-
80 000
-
income
6 339
-
24 902
-
social contributions
2 791
-
13 448
-
total
9 130
-
38 350
-
Employer
33 591
-
80 000
-
total
-
-
-
-
Corporate
46 409
80 000
-
-
income
5 801
10 000
-
-
total
5 801
10 000
-
-
Dividends
40 608
70 000
-
-
withholding
8 122
14 000
-
-
total
8 122
14 000
-
-
Income
80 000
80 000
80 000
80 000
Total tax
23 053
24 000
38 350
38 350
After tax
56 947
56 000
41 650
41 650
Living cost
24 463
24 463
24 463
24 463
Free-cash
32 484
31 537
17 187
17 187

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34142
₴35642
₴49309
₴41027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
78 025
-
income
2 138
-
19 434
-
social contributions
1 974
-
1 975
-
total
4 112
-
21 409
-
Employer
19 700
-
78 025
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
58 326
80 000
-
-
income
20 414
28 000
-
-
total
20 414
28 000
-
-
Dividends
37 912
52 000
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
80 000
80 000
80 000
80 000
Total tax
28 769
30 269
23 384
15 102
After tax
51 231
49 731
56 616
64 898
Living cost
15 589
15 589
15 589
15 589
Free-cash
35 642
34 142
41 027
49 309

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35896
₴38455
₴36705
₴29485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 274
pensions
-
-
-
3 966
total
-
-
-
27 240
Employee
22 038
-
69 849
-
health
287
-
998
-
income
4 013
-
18 461
-
pensions
1 682
-
4 850
-
total
5 982
-
24 309
-
Employer
22 038
-
69 849
-
pensions
2 227
-
8 824
-
health
419
-
1 327
-
total
2 646
-
10 151
-
Corporate
55 317
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.

10 510
15 200
-
-
total
10 510
15 200
-
-
Dividends
44 807
64 800
-
-
withholding
6 352
12 849
-
-
total
6 352
12 849
-
-
Income
80 000
80 000
80 000
80 000
Total tax
25 490
28 049
34 460
27 240
After tax
54 510
51 951
45 540
52 760
Living cost
16 055
16 055
16 055
16 055
Free-cash
38 455
35 896
29 485
36 705

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3676
₴4922
₴44514
₴33470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
22 360
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 330
Employee
15 975
-
72 323
-
health
1 829
-
8 281
-
income
2 192
-
17 163
-
pensions
1 799
-
3 253
-
total
5 820
-
28 697
-
Employer
15 975
-
72 323
-
accident
267
-
1 208
-
unemployment
391
-
1 772
-
pensions
2 597
-
4 697
-
total
3 255
-
7 677
-
Corporate
60 769
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.

54 692
72 000
-
-
total
54 692
72 000
-
-
Dividends
6 077
8 000
-
-
withholding
1 155
1 520
-
-
total
1 155
1 520
-
-
Income
80 000
80 000
80 000
80 000
Total tax
64 922
73 520
36 374
25 330
After tax
15 078
6 480
43 626
54 670
Living cost
10 156
10 156
10 156
10 156
Free-cash
4 922
-3 676
33 470
44 514

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55413
₴59529
₴42112
₴51534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
13 259
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
32 101
Employee

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

9 259
-
80 000
-
work injury
46
-
171
-
income
926
-
13 259
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
22 679
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 741
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%.

707
8 000
-
-
total
707
8 000
-
-
Dividends
70 034
72 000
-
-
withholding
10 505
10 800
-
-
total
10 505
10 800
-
-
Income
80 000
80 000
80 000
80 000
Total tax
14 684
18 800
22 679
32 101
After tax
65 316
61 200
57 321
47 899
Living cost
5 787
5 787
5 787
5 787
Free-cash
59 529
55 413
51 534
42 112

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25030
₴23078
₴19923
₴16412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 000
municipal
-
-
-
535
regional
-
-
-
1 837
national
-
-
-
20 021
social contributions
-
-
-
20 576
total
-
-
-
42 969
Employee
36 187
-
80 000
-
social contributions
12 202
-
26 976
-
regional
546
-
1 630
-
municipal
216
-
478
-
national
6 115
-
17 396
-
total
19 079
-
46 480
-
Employer
36 187
-
80 000
-
total
-
-
-
-
Corporate
43 813
80 000
-
-
nationa
10 515
19 200
-
-
municipal
2 111
3 856
-
-
total
12 626
23 056
-
-
Dividends
31 186
56 944
-
-
withholding
8 109
14 806
-
-
total
8 109
14 806
-
-
Income
80 000
80 000
80 000
80 000
Total tax
39 814
37 862
46 480
42 969
After tax
40 186
42 138
33 520
37 031
Living cost
17 108
17 108
17 108
17 108
Free-cash
23 078
25 030
16 412
19 923

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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