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
₴ 85000
per

Your estimated
City
free-cash

Dresden , Germany
₴29882
₴34619
₴30012
₴40263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
trade
-
-
-
10 251
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.

-
-
-
27 334
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.

-
-
-
2 926
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.

-
-
-
1 504
total
-
-
-
42 015
Employee

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

16 382
-
85 000
-
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.

2 926
-
2 926
-
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
-
1 504
-
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.

458
-
27 334
-
total
3 409
-
31 764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 618
85 000
-
-
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.

566
701
-
-
income
10 293
12 750
-
-
trade
10 807
13 388
-
-
chamber of commerce
163
187
-
-
total
21 829
27 026
-
-
Dividends
46 789
57 974
-
-
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.

635
788
-
-
withholding
11 535
14 331
-
-
total
12 170
15 119
-
-
Income
85 000
85 000
85 000
85 000
Total tax
37 408
42 145
31 764
42 015
After tax
47 592
42 855
53 236
42 985
Living cost
12 973
12 973
12 973
12 973
Free-cash
34 619
29 882
40 263
30 012

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31397
₴31036
₴27579
₴28035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
9 381
pensions
-
-
-
10 200
national
-
-
-
15 283
social contributions
-
-
-
914
total
-
-
-
35 778
Employee
33 550
-
73 482
-
municipal
4 144
-
9 710
-
pensions
1 342
-
2 939
-
national
6 422
-
16 004
-
total
11 908
-
28 653
-
Employer
33 550
-
73 482
-
social contributions
361
-
790
-
pensions
2 684
-
5 879
-
total
3 045
-
6 669
-
Corporate
46 191
85 000
-
-
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%.

9 238
17 000
-
-
total
9 238
17 000
-
-
Dividends
36 952
68 000
-
-
withholding
8 130
14 960
-
-
total
8 130
14 960
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 321
31 960
35 322
35 778
After tax
52 679
53 040
49 678
49 222
Living cost
21 643
21 643
21 643
21 643
Free-cash
31 036
31 397
28 035
27 579

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59089
₴55575
₴21241
₴27448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
microenterprise
-
-
-
-
income
-
-
-
16 762
surtax
-
-
-
21 675
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.

-
-
-
16 411
total
-
-
-
54 848
Employee
12 516
-
65 498
-
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.

1 377
-
5 615
-
surtax
-
-
9 497
-
income
2 228
-
14 027
-
total
3 605
-
29 139
-
Employer
12 516
-
65 498
-
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.

3 015
-
12 297
-
surtax
-
-
7 205
-
total
3 015
-
19 502
-
Corporate
69 470
85 000
-
-
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%.

13 894
17 000
-
-
total
13 894
17 000
-
-
Dividends

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

55 575
68 000
-
-
total
-
-
-
-
Income
85 000
85 000
85 000
85 000
Total tax
20 514
17 000
48 641
54 848
After tax
64 486
68 000
36 359
30 152
Living cost
8 911
8 911
8 911
8 911
Free-cash
55 575
59 089
27 448
21 241

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24283
₴21659
₴28319
₴36200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
28 438
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
38 738
Employee
36 577
36 577
77 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
12 598
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
22 898
-
Employer
36 577
36 577
77 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
42 467
42 018
-
-
income
8 493
8 404
-
-
total
8 493
8 404
-
-
Dividends
33 974
33 615
-
-
income
7 219
7 143
-
-
withholding
5 096
5 042
-
-
total
12 315
12 185
-
-
Income
85 000
85 000
85 000
85 000
Total tax
45 398
42 774
30 857
38 738
After tax
39 602
42 226
54 143
46 262
Living cost
17 943
17 943
17 943
17 943
Free-cash
21 659
24 283
36 200
28 319

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29861
₴29490
₴26360
₴25958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
22 214
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
9 369
total
-
-
-
42 091
Employee
23 581
-
73 604
-
municipal
7 032
-
21 949
-
national
-
-
9 147
-
total
7 032
-
31 096
-
Employer
23 581
-
73 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
54 010
85 000
-
-
income
11 882
18 700
-
-
total
11 882
18 700
-
-
Dividends
42 128
66 300
-
-
withholding
12 638
19 890
-
-
total
12 638
19 890
-
-
Income
85 000
85 000
85 000
85 000
Total tax
38 961
38 590
42 493
42 091
After tax
46 039
46 410
42 507
42 909
Living cost
16 549
16 549
16 549
16 549
Free-cash
29 490
29 861
25 958
26 360

Estimated living cost  is ₴16549 per week

₴10968
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25592
₴31611
₴25704
₴36410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
trade
-
-
-
10 706
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.

-
-
-
27 334
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.

-
-
-
2 926
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.

-
-
-
1 504
total
-
-
-
42 470
Employee

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

21 721
-
85 000
-
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.

2 926
-
2 926
-
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.

102
-
1 504
-
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.

1 866
-
27 334
-
total
4 894
-
31 764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 279
85 000
-
-
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.

522
701
-
-
income
9 492
12 750
-
-
trade
10 410
13 983
-
-
chamber of commerce
155
186
-
-
total
20 579
27 620
-
-
Dividends
42 700
57 380
-
-
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.

578
780
-
-
withholding
10 512
14 182
-
-
total
11 090
14 962
-
-
Income
85 000
85 000
85 000
85 000
Total tax
36 563
42 582
31 764
42 470
After tax
48 437
42 418
53 236
42 530
Living cost
16 826
16 826
16 826
16 826
Free-cash
31 611
25 592
36 410
25 704

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴48086
₴46309
₴43727
₴43005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
18 283
health
-
-
-
2 168
social contributions
-
-
-
6 930
total
-
-
-
27 381
Employee
32 936
32 936
79 836
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 357
-
income
3 459
3 049
17 895
-
total
5 387
6 342
22 939
-
Employer
32 936
32 936
79 836
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 477
-
total
1 957
3 343
5 164
-
Corporate
63 764
48 721
-
-
income
7 970
6 090
-
-
total
7 970
6 090
-
-
Dividends
55 793
42 631
-
-
withholding
9 485
7 247
-
-
total
9 485
7 247
-
-
Income
85 000
85 000
85 000
85 000
Total tax
24 799
23 022
28 103
27 381
After tax
60 201
61 978
56 897
57 619
Living cost
13 892
13 892
13 892
13 892
Free-cash
46 309
48 086
43 005
43 727

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39946
₴40109
₴51102
₴41493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
10 391
pensions
-
-
-
8 500
unemployment
-
-
-
1 275
health
-
-
-
5 950
total
-
-
-
26 116
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.

11 234
4 471
71 130
-
health
786
313
4 979
-
income
1 373
547
8 696
-
pensions
1 123
447
7 113
-
unemployment
169
67
1 067
-
total
3 451
1 374
21 855
-
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.

11 234
4 471
71 130
-
pensions
2 191
872
13 870
-
total
2 191
872
13 870
-
Corporate
71 576
79 657
-
-
income
6 442
7 169
-
-
total
6 442
7 169
-
-
Dividends
65 134
72 488
-
-
social contributions
12 650
14 084
-
-
withholding
12 375
13 773
-
-
total
25 025
27 857
-
-
Income
85 000
85 000
85 000
85 000
Total tax
37 109
37 272
35 725
26 116
After tax
47 891
47 728
49 275
58 884
Living cost
7 782
7 782
7 782
7 782
Free-cash
40 109
39 946
41 493
51 102

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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
₴57655
₴54994
₴35215
₴38648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
11 390
pensions
-
-
-
17 000
health
-
-
-
11 050
total
-
-
-
39 440
Employee
12 151
-
63 528
-
income
1 368
-
12 248
-
pensions
243
-
1 270
-
unemployment
194
-
1 017
-
total
1 805
-
14 535
-
Employer
12 151
-
63 528
-
unemployment
98
-
508
-
pensions
2 430
-
12 705
-
health
1 579
-
8 259
-
total
4 107
-
21 472
-
Corporate
68 742
85 000
-
-
income
13 749
17 000
-
-
total
13 749
17 000
-
-
Dividends
54 993
68 000
-
-
total
-
-
-
-
Income
85 000
85 000
85 000
85 000
Total tax
19 661
17 000
36 007
39 440
After tax
65 339
68 000
48 993
45 560
Living cost
10 345
10 345
10 345
10 345
Free-cash
54 994
57 655
38 648
35 215

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2483
₴5448
₴48701
₴37153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
108
income
-
-
-
23 964
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 931
Employee
14 736
-
77 131
-
health
1 687
-
8 832
-
income
2 022
-
18 529
-
pensions
1 659
-
3 249
-
total
5 368
-
30 610
-
Employer
14 736
-
77 131
-
accident
246
-
1 288
-
unemployment
361
-
1 890
-
pensions
2 396
-
4 691
-
total
3 003
-
7 869
-
Corporate
67 261
85 000
-
-
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.

60 535
76 500
-
-
total
60 535
76 500
-
-
Dividends
6 726
8 500
-
-
withholding
1 278
1 615
-
-
total
1 278
1 615
-
-
Income
85 000
85 000
85 000
85 000
Total tax
70 184
78 115
38 479
26 931
After tax
14 816
6 885
46 521
58 069
Living cost
9 368
9 368
9 368
9 368
Free-cash
5 448
-2 483
37 153
48 701

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76896
₴76174
₴80296
₴64146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
85 000
microenterprise

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

-
-
-
850
total
-
-
-
850
Employee
4 817
-
85 000
-
income
963
-
17 000
-
total
963
-
17 000
-
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%.

80 183
85 000
-
-
total
-
-
-
-
Dividends
80 183
85 000
-
-
withholding
4 009
4 250
-
-
total
4 009
4 250
-
-
Income
85 000
85 000
85 000
85 000
Total tax
4 972
4 250
17 000
850
After tax
80 028
80 750
68 000
84 150
Living cost
3 854
3 854
3 854
3 854
Free-cash
76 174
76 896
64 146
80 296

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51037
₴48145
₴37955
₴37227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
14 040
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.

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
35 632
Employee
15 552
-
68 559
-
health
218
-
912
-
income
2 677
-
13 797
-
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.

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
19 919
-
Employer
15 552
-
68 559
-
accident
124
-
549
-
other
778
-
3 256
-
unemployment
155
-
651
-
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.

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 441
-
Corporate
65 529
85 000
-
-
income
13 761
17 850
-
-
total
13 761
17 850
-
-
Dividends
51 768
67 150
-
-
withholding
3 624
4 700
-
-
total
3 624
4 700
-
-
Income
85 000
85 000
85 000
85 000
Total tax
25 442
22 550
36 360
35 632
After tax
59 558
62 450
48 640
49 368
Living cost
11 413
11 413
11 413
11 413
Free-cash
48 145
51 037
37 227
37 955

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25894
₴29040
₴26925
₴19281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
25 279
pensions
-
-
-
4 052
total
-
-
-
29 331
Employee
40 669
-
74 166
-
health
670
-
1 039
-
income
7 331
-
20 185
-
pensions
3 923
-
4 917
-
total
11 924
-
26 141
-
Employer
40 669
-
74 166
-
pensions
4 802
-
9 425
-
health
772
-
1 409
-
total
5 574
-
10 834
-
Corporate
38 757
85 000
-
-
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.

7 364
16 150
-
-
total
7 364
16 150
-
-
Dividends
31 393
68 850
-
-
withholding
2 354
14 212
-
-
total
2 354
14 212
-
-
Income
85 000
85 000
85 000
85 000
Total tax
27 216
30 362
36 975
29 331
After tax
57 784
54 638
48 025
55 669
Living cost
28 744
28 744
28 744
28 744
Free-cash
29 040
25 894
19 281
26 925

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴67056
₴65066
₴62633
₴66069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
12 750
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
16 748
Employee
7 440
-
82 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
8 206
-
pensions

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

653
-
1 314
-
total
1 821
-
10 374
-
Employer
7 440
-
82 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
76 100
85 000
-
-
income
7 610
8 500
-
-
total
7 610
8 500
-
-
Dividends
68 490
76 500
-
-
withholding
3 424
3 825
-
-
total
3 424
3 825
-
-
Income
85 000
85 000
85 000
85 000
Total tax
14 315
12 325
13 312
16 748
After tax
70 685
72 675
71 688
68 252
Living cost
5 619
5 619
5 619
5 619
Free-cash
65 066
67 056
66 069
62 633

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18475
₴19552
₴22511
₴30392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
28 438
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
38 738
Employee
39 710
36 577
77 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
12 598
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
22 898
-
Employer
39 710
36 577
77 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
38 337
42 018
-
-
income
7 667
8 404
-
-
total
7 667
8 404
-
-
Dividends
30 670
33 615
-
-
income
6 517
7 143
-
-
withholding
4 601
5 042
-
-
total
11 118
12 185
-
-
Income
85 000
85 000
85 000
85 000
Total tax
41 697
42 774
30 857
38 738
After tax
43 303
42 226
54 143
46 262
Living cost
23 751
23 751
23 751
23 751
Free-cash
19 552
18 475
30 392
22 511

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48263
₴44603
₴39115
₴35507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
8 814
health
-
-
-
11 475
solidarity contribution
-
-
-
575
social contributions
-
-
-
14 762
total
-
-
-
35 626
Employee
15 086
-
66 387
-
social contributions
981
-
3 286
-
health
2 037
-
8 962
-
solidarity contribution
-
-
251
-
income
1 810
-
8 121
-
total
4 828
-
20 620
-
Employer
15 086
-
66 387
-
social contributions
3 772
-
12 639
-
health
1 358
-
5 975
-
total
5 130
-
18 614
-
Corporate
64 784
85 000
-
-
income
12 309
16 150
-
-
total
12 309
16 150
-
-
Dividends
52 475
68 850
-
-
withholding
7 871
10 328
-
-
total
7 871
10 328
-
-
Income
85 000
85 000
85 000
85 000
Total tax
30 138
26 478
39 234
35 626
After tax
54 862
58 522
45 766
49 374
Living cost
10 259
10 259
10 259
10 259
Free-cash
44 603
48 263
35 507
39 115

Estimated living cost  is ₴10259 per week

₴7126
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27278
₴25042
₴22180
₴18467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
509
regional
-
-
-
1 021
national
-
-
-
21 780
social contributions
-
-
-
21 437
total
-
-
-
44 747
Employee
38 066
-
85 000
-
social contributions
12 836
-
28 105
-
regional
359
-
905
-
municipal
202
-
455
-
national
6 596
-
18 995
-
total
19 993
-
48 460
-
Employer
38 066
-
85 000
-
total
-
-
-
-
Corporate
46 934
85 000
-
-
nationa
11 264
20 400
-
-
municipal
1 830
3 315
-
-
total
13 094
23 715
-
-
Dividends
33 839
61 285
-
-
withholding
8 798
15 934
-
-
total
8 798
15 934
-
-
Income
85 000
85 000
85 000
85 000
Total tax
41 885
39 649
48 460
44 747
After tax
43 115
45 351
36 540
40 253
Living cost
18 073
18 073
18 073
18 073
Free-cash
25 042
27 278
18 467
22 180

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44013
₴42680
₴30645
₴28027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
25 220
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 094
total
-
-
-
44 903
Employee
14 164
-
72 967
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
3 581
-
income
2 374
-
22 658
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
35 488
-
Employer
14 164
-
72 967
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
67 854
85 000
-
-
income
17 642
22 100
-
-
total
17 642
22 100
-
-
Dividends
50 212
62 900
-
-
withholding
7 532
9 435
-
-
total
7 532
9 435
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 868
31 535
47 521
44 903
After tax
52 132
53 465
37 479
40 097
Living cost
9 452
9 452
9 452
9 452
Free-cash
42 680
44 013
28 027
30 645

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35001
₴37839
₴36032
₴28388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
25 279
pensions
-
-
-
4 052
total
-
-
-
29 331
Employee
27 255
-
74 166
-
health
396
-
1 039
-
income
4 909
-
20 185
-
pensions
2 313
-
4 917
-
total
7 618
-
26 141
-
Employer
27 255
-
74 166
-
pensions
2 950
-
9 425
-
health
518
-
1 409
-
total
3 468
-
10 834
-
Corporate
54 277
85 000
-
-
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.

10 313
16 150
-
-
total
10 313
16 150
-
-
Dividends
43 964
68 850
-
-
withholding
6 125
14 212
-
-
total
6 125
14 212
-
-
Income
85 000
85 000
85 000
85 000
Total tax
27 524
30 362
36 975
29 331
After tax
57 476
54 638
48 025
55 669
Living cost
19 637
19 637
19 637
19 637
Free-cash
37 839
35 001
28 388
36 032

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6497
₴20345
₴35622
₴32114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
city
-
-
-
896
pensions
-
-
-
7 820
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.

-
-
-
1 700
regional
-
-
-
4 528
health
-
-
-
191
national
-
-
-
1 871
total
-
-
-
17 006
Employee
37 884
-
76 265
-
city
407
-
821
-
regional
1 241
-
3 967
-
health
86
-
171
-
pensions
3 183
-
6 199
-
unemployment
-
-
-
-
national
179
-
1 460
-
total
5 096
-
12 618
-
Employer
37 884
-
76 265
-
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.

757
-
1 526
-
unemployment
-
-
-
-
pensions
3 183
-
6 199
-
health
86
-
171
-
total
4 026
-
7 896
-
Corporate
42 674
85 000
-
-
regional
9 025
17 977
-
-
national
3 628
7 225
-
-
total
12 653
25 202
-
-
Dividends
30 021
59 798
-
-
withholding
10 508
20 929
-
-
total
10 508
20 929
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 283
46 131
20 514
17 006
After tax
52 717
38 869
64 486
67 994
Living cost
32 372
32 372
32 372
32 372
Free-cash
20 345
6 497
32 114
35 622

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22359
₴29304
₴22453
₴33615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
trade
-
-
-
11 162
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.

-
-
-
27 334
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.

-
-
-
2 926
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.

-
-
-
1 504
total
-
-
-
42 926
Employee

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

25 741
-
85 000
-
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.

2 926
-
2 926
-
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
-
1 504
-
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.

3 027
-
27 334
-
total
6 120
-
31 764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 259
85 000
-
-
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.

489
701
-
-
income
8 889
12 750
-
-
trade
10 163
14 578
-
-
chamber of commerce
149
185
-
-
total
19 690
28 214
-
-
Dividends
39 570
56 786
-
-
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.

535
772
-
-
withholding
9 730
14 034
-
-
total
10 265
14 806
-
-
Income
85 000
85 000
85 000
85 000
Total tax
36 075
43 020
31 764
42 926
After tax
48 925
41 980
53 236
42 074
Living cost
19 621
19 621
19 621
19 621
Free-cash
29 304
22 359
33 615
22 453

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28186
₴30716
₴32842
₴30974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
14 308
pensions
-
-
-
14 246
other
-
-
-
2 635
health
-
-
-
3 893
surtax
-
-
-
-
social contributions
-
-
-
2 422
total
-
-
-
37 504
Employee
18 331
-
65 332
-
social contributions
523
-
1 861
-
surtax
-
-
-
-
income
1 082
-
13 111
-
pensions
2 073
-
4 731
-
total
3 678
-
19 703
-
Employer
18 331
-
65 332
-
other
632
-
2 629
-
social contributions
55
-
196
-
unemployment
742
-
2 646
-
pensions
3 011
-
7 931
-
health
1 283
-
6 267
-
total
5 723
-
19 669
-
Corporate
60 944
85 000
-
-
surtax
-
-
-
-
income
17 064
23 800
-
-
total
17 064
23 800
-
-
Dividends
43 880
61 200
-
-
surtax
-
-
-
-
social contributions
7 548
10 526
-
-
withholding
5 617
7 834
-
-
total
13 165
18 360
-
-
Income
85 000
85 000
85 000
85 000
Total tax
39 630
42 160
39 372
37 504
After tax
45 370
42 840
45 628
47 496
Living cost
14 654
14 654
14 654
14 654
Free-cash
30 716
28 186
30 974
32 842

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29638
₴32017
₴34294
₴32426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
14 308
pensions
-
-
-
14 246
other
-
-
-
2 635
health
-
-
-
3 893
surtax
-
-
-
-
social contributions
-
-
-
2 422
total
-
-
-
37 504
Employee
16 363
-
65 332
-
social contributions
467
-
1 861
-
surtax
-
-
-
-
income
844
-
13 111
-
pensions
1 851
-
4 731
-
total
3 162
-
19 703
-
Employer
16 363
-
65 332
-
other
565
-
2 629
-
social contributions
49
-
196
-
unemployment
662
-
2 646
-
pensions
2 689
-
7 931
-
health
1 145
-
6 267
-
total
5 110
-
19 669
-
Corporate
63 527
85 000
-
-
surtax
-
-
-
-
income
17 788
23 800
-
-
total
17 788
23 800
-
-
Dividends
45 739
61 200
-
-
surtax
-
-
-
-
social contributions
7 866
10 526
-
-
withholding
5 855
7 834
-
-
total
13 721
18 360
-
-
Income
85 000
85 000
85 000
85 000
Total tax
39 781
42 160
39 372
37 504
After tax
45 219
42 840
45 628
47 496
Living cost
13 202
13 202
13 202
13 202
Free-cash
32 017
29 638
32 426
34 294

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42775
₴42997
₴45505
₴43472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
12 750
health
-
-
-
5 933
social contributions
-
-
-
11 730
total
-
-
-
30 413
Employee
14 522
-
85 000
-
social contributions
2 004
-
11 730
-
health
1 014
-
5 933
-
income
2 422
-
14 783
-
total
5 440
-
32 446
-
Employer
14 522
-
85 000
-
total
-
-
-
-
Corporate
70 478
85 000
-
-
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%.

3 524
4 250
-
-
total
3 524
4 250
-
-
Dividends
66 954
80 750
-
-
health
4 674
5 636
-
-
social contributions
9 240
11 144
-
-
withholding
10 043
12 113
-
-
total
23 957
28 893
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 921
33 143
32 446
30 413
After tax
52 079
51 857
52 554
54 587
Living cost
9 082
9 082
9 082
9 082
Free-cash
42 997
42 775
43 472
45 505

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴31846
₴31184
₴28559
₴7313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
chamber of commerce
-
-
-
340
income
-
-
-
25 212
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
41 349
Employee
21 405
17 069
69 122
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
20 782
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
29 844
-
Employer
21 405
17 069
69 122
-
accident
278
222
650
-
other
1 017
810
3 121
-
chamber of commerce
85
68
276
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 073
-
health
809
645
1 891
-
total
6 244
4 997
15 877
-
Corporate
57 351
62 934
67 496
-
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.

14 338
15 734
16 874
-
total
14 338
15 734
16 874
-
Dividends
43 013
47 200
-
-
withholding
11 829
12 980
-
-
total
11 829
12 980
-
-
Income
85 000
85 000
85 000
85 000
Total tax
38 724
38 062
62 595
41 349
After tax
46 276
46 938
22 405
43 651
Living cost
15 092
15 092
15 092
15 092
Free-cash
31 184
31 846
7 313
28 559

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31662
₴25477
₴21295
₴13775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
national
-
-
-
32 950
communal

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

-
-
-
4 459
social contributions
-
-
-
10 679
total
-
-
-
48 088
Employee

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

30 638
-
65 835
-
communal

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

1 598
-
3 434
-
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.

1 439
-
3 094
-
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.

2 298
-
4 938
-
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
-
573
-
national
9 419
-
24 404
-
total
15 021
-
36 443
-
Employer

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

30 638
-
65 835
-
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.

398
-
856
-
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.

447
-
962
-
surtax
3 474
-
7 465
-
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.

2 715
-
5 833
-
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.

1 884
-
4 049
-
total
8 918
-
19 165
-
Corporate
45 444
85 000
-
-
surtax
182
347
-
-
income
9 089
17 335
-
-
total
9 271
17 682
-
-
Dividends
36 173
67 318
-
-
withholding

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

10 696
20 039
-
-
total
10 696
20 039
-
-
Income
85 000
85 000
85 000
85 000
Total tax
43 906
37 721
55 608
48 088
After tax
41 094
47 279
29 392
36 912
Living cost
15 617
15 617
15 617
15 617
Free-cash
25 477
31 662
13 775
21 295

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41074
₴38139
₴32126
₴30330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
358
income
-
-
-
25 495
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 406
Employee
21 321
-
72 344
-
other
21
-
40
-
income
4 499
-
24 025
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
26 546
-
Employer
21 321
-
72 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
56 883
85 000
-
-
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.

8 533
12 750
-
-
total
8 533
12 750
-
-
Dividends
48 351
72 250
-
-
withholding
10 211
15 708
-
-
total
10 211
15 708
-
-
Income
85 000
85 000
85 000
85 000
Total tax
31 393
28 458
39 202
37 406
After tax
53 607
56 542
45 798
47 594
Living cost
15 468
15 468
15 468
15 468
Free-cash
38 139
41 074
30 330
32 126

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25725
₴19966
₴17677
₴21065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
717
income
-
-
-
15 029
pensions
-
-
-
12 741
health
-
-
-
5 973
surtax
-
-
-
4 214
communal
-
-
-
5 372
total
-
-
-
44 046
Employee
32 436
-
75 926
-
health
1 444
-
3 380
-
surtax
1 988
-
4 653
-
income
3 133
-
17 476
-
pensions
2 594
-
6 074
-
total
9 159
-
31 583
-
Employer
32 436
-
75 926
-
accident
292
-
684
-
pensions
2 594
-
6 074
-
health
989
-
2 317
-
total
3 875
-
9 075
-
Corporate
48 688
85 000
-
-
surtax
511
892
-
-
communal
3 286
5 738
-
-
income
7 303
12 750
-
-
total
11 100
19 380
-
-
Dividends
37 588
65 620
-
-
income
11 985
6 775
-
-
withholding
5 638
9 843
-
-
total
17 623
16 618
-
-
Income
85 000
85 000
85 000
85 000
Total tax
41 757
35 998
40 658
44 046
After tax
43 243
49 002
44 342
40 954
Living cost
23 277
23 277
23 277
23 277
Free-cash
19 966
25 725
21 065
17 677

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43845
₴42483
₴30477
₴27859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
25 220
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 094
total
-
-
-
44 903
Employee
14 424
-
72 967
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
3 581
-
income
2 418
-
22 658
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
35 488
-
Employer
14 424
-
72 967
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
67 539
85 000
-
-
income
17 560
22 100
-
-
total
17 560
22 100
-
-
Dividends
49 979
62 900
-
-
withholding
7 497
9 435
-
-
total
7 497
9 435
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 897
31 535
47 521
44 903
After tax
52 103
53 465
37 479
40 097
Living cost
9 620
9 620
9 620
9 620
Free-cash
42 483
43 845
27 859
30 477

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33140
₴32189
₴28446
₴24752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
509
regional
-
-
-
1 290
national
-
-
-
21 780
social contributions
-
-
-
21 437
total
-
-
-
45 016
Employee
23 759
-
85 000
-
social contributions
8 012
-
28 105
-
regional
320
-
1 155
-
municipal
126
-
455
-
national
3 764
-
18 995
-
total
12 222
-
48 710
-
Employer
23 759
-
85 000
-
total
-
-
-
-
Corporate
61 241
85 000
-
-
nationa
14 698
20 400
-
-
municipal
3 044
4 224
-
-
total
17 742
24 624
-
-
Dividends
43 499
60 376
-
-
withholding
11 309
15 698
-
-
total
11 309
15 698
-
-
Income
85 000
85 000
85 000
85 000
Total tax
41 273
40 322
48 710
45 016
After tax
43 727
44 678
36 290
39 984
Living cost
11 538
11 538
11 538
11 538
Free-cash
32 189
33 140
24 752
28 446

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
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.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45881
₴41371
₴36733
₴33125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
8 814
health
-
-
-
11 475
solidarity contribution
-
-
-
575
social contributions
-
-
-
14 762
total
-
-
-
35 626
Employee
18 590
-
66 387
-
social contributions
1 208
-
3 286
-
health
2 510
-
8 962
-
solidarity contribution
-
-
251
-
income
2 231
-
8 121
-
total
5 949
-
20 620
-
Employer
18 590
-
66 387
-
social contributions
4 648
-
12 639
-
health
1 673
-
5 975
-
total
6 321
-
18 614
-
Corporate
60 089
85 000
-
-
income
11 417
16 150
-
-
total
11 417
16 150
-
-
Dividends
48 672
68 850
-
-
withholding
7 301
10 328
-
-
total
7 301
10 328
-
-
Income
85 000
85 000
85 000
85 000
Total tax
30 988
26 478
39 234
35 626
After tax
54 012
58 522
45 766
49 374
Living cost
12 641
12 641
12 641
12 641
Free-cash
41 371
45 881
33 125
36 733

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
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.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33319
₴33108
₴30071
₴8762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
chamber of commerce
-
-
-
340
income
-
-
-
25 212
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
41 264
Employee
18 723
17 069
69 201
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
20 819
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
29 881
-
Employer
18 723
17 069
69 201
-
accident
243
222
650
-
other
889
810
3 124
-
chamber of commerce
75
68
277
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 076
-
health
708
645
1 891
-
total
5 389
4 912
15 799
-
Corporate
60 889
63 018
67 575
-
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.

15 222
15 755
16 893
-
total
15 222
15 755
16 893
-
Dividends
45 667
47 264
-
-
withholding
12 558
12 998
-
-
total
12 558
12 998
-
-
Income
85 000
85 000
85 000
85 000
Total tax
38 227
38 016
62 573
41 264
After tax
46 773
46 984
22 427
43 736
Living cost
13 665
13 665
13 665
13 665
Free-cash
33 108
33 319
8 762
30 071

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴74745
₴73619
₴78145
₴61995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
85 000
microenterprise

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

-
-
-
850
total
-
-
-
850
Employee
7 506
-
85 000
-
income
1 501
-
17 000
-
total
1 501
-
17 000
-
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%.

77 494
85 000
-
-
total
-
-
-
-
Dividends
77 494
85 000
-
-
withholding
3 875
4 250
-
-
total
3 875
4 250
-
-
Income
85 000
85 000
85 000
85 000
Total tax
5 376
4 250
17 000
850
After tax
79 624
80 750
68 000
84 150
Living cost
6 005
6 005
6 005
6 005
Free-cash
73 619
74 745
61 995
78 145

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
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.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47034
₴43453
₴29173
₴27290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
income
-
-
-
20 324
pensions
-
-
-
15 523
unemployment
-
-
-
128
health
-
-
-
8 364
total
-
-
-
44 339
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.

18 940
-
73 549
-
health
1 223
-
4 751
-
income
3 266
-
18 516
-
pensions
2 936
-
11 401
-
unemployment
27
-
103
-
total
7 452
-
34 771
-
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.

18 940
-
73 549
-
unemployment
11
-
44
-
pensions
1 676
-
6 509
-
health
1 261
-
4 898
-
total
2 948
-
11 451
-
Corporate
63 111
85 000
-
-
income
11 991
16 150
-
-
total
11 991
16 150
-
-
Dividends
51 119
68 850
-
-
withholding
7 668
10 328
-
-
total
7 668
10 328
-
-
Income
85 000
85 000
85 000
85 000
Total tax
30 059
26 478
46 222
44 339
After tax
54 941
58 522
38 778
40 661
Living cost
11 488
11 488
11 488
11 488
Free-cash
43 453
47 034
27 290
29 173

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33216
₴12824
₴40244
₴60862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
16 568
social contributions
-
-
-
9 690
total
-
-
-
26 258
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
21 079
85 000
-
-
income
4 637
18 700
-
-
total
4 637
18 700
-
-
Dividends
16 441
66 300
-
-
income
3 617
14 586
-
-
total
3 617
14 586
-
-
Income
85 000
85 000
85 000
85 000
Total tax
53 678
33 286
5 640
26 258
After tax
31 322
51 714
79 360
58 742
Living cost
18 498
18 498
18 498
18 498
Free-cash
12 824
33 216
60 862
40 244

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
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.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34913
₴34481
₴31473
₴25029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
income
-
-
-
10 554
surtax
-
-
-
-
social contributions

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

-
-
-
29 538
total
-
-
-
40 092
Employee
19 699
-
68 687
-
social contributions
2 167
-
7 556
-
surtax
-
-
-
-
income
4 098
-
22 667
-
total
6 265
-
30 223
-
Employer
19 699
-
68 687
-
social contributions
4 679
-
16 313
-
total
4 679
-
16 313
-
Corporate
60 622
85 000
-
-
surtax
-
-
-
-
income
12 730
17 850
-
-
total
12 730
17 850
-
-
Dividends
47 892
67 150
-
-
withholding
13 410
18 802
-
-
total
13 410
18 802
-
-
Income
85 000
85 000
85 000
85 000
Total tax
37 084
36 652
46 536
40 092
After tax
47 916
48 348
38 464
44 908
Living cost
13 435
13 435
13 435
13 435
Free-cash
34 481
34 913
25 029
31 473

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22153
₴25096
₴26809
₴24941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
14 308
pensions
-
-
-
14 246
other
-
-
-
2 635
health
-
-
-
3 893
surtax
-
-
-
-
social contributions
-
-
-
2 422
total
-
-
-
37 504
Employee
26 826
-
65 332
-
social contributions
764
-
1 861
-
surtax
-
-
-
-
income
2 341
-
13 111
-
pensions
3 034
-
4 731
-
total
6 139
-
19 703
-
Employer
26 826
-
65 332
-
other
926
-
2 629
-
social contributions
80
-
196
-
unemployment
1 087
-
2 646
-
pensions
4 408
-
7 931
-
health
1 878
-
6 267
-
total
8 379
-
19 669
-
Corporate
49 795
85 000
-
-
surtax
-
-
-
-
income
13 943
23 800
-
-
total
13 943
23 800
-
-
Dividends
35 852
61 200
-
-
surtax
-
-
-
-
social contributions
6 167
10 526
-
-
withholding
4 589
7 834
-
-
total
10 756
18 360
-
-
Income
85 000
85 000
85 000
85 000
Total tax
39 217
42 160
39 372
37 504
After tax
45 783
42 840
45 628
47 496
Living cost
20 687
20 687
20 687
20 687
Free-cash
25 096
22 153
24 941
26 809

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63625
₴62186
₴49396
₴51655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
4 029
social contributions
-
-
-
18 700
total
-
-
-
22 729
Employee
13 770
-
73 593
-
income
-
-
4 280
-
social contributions
895
-
4 783
-
total
895
-
9 063
-
Employer
13 770
-
73 593
-
social contributions
2 134
-
11 407
-
total
2 134
-
11 407
-
Corporate
69 096
85 000
-
-
income
6 910
8 500
-
-
total
6 910
8 500
-
-
Dividends
62 186
76 500
-
-
total
-
-
-
-
Income
85 000
85 000
85 000
85 000
Total tax
9 939
8 500
20 470
22 729
After tax
75 061
76 500
64 530
62 271
Living cost
12 875
12 875
12 875
12 875
Free-cash
62 186
63 625
51 655
49 396

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8362
-₴8362
₴28944
-₴8362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
17 989
pensions
-
-
-
371
national
-
-
-
10 289
labour market
-
-
-
6 770
total
-
-
-
35 419
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
85 000
85 000
85 000
85 000
Total tax
72 725
72 725
72 725
35 419
After tax
12 275
12 275
12 275
49 581
Living cost
20 637
20 637
20 637
20 637
Free-cash
-8 362
-8 362
-8 362
28 944

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2345
₴5468
₴48839
₴37291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
108
income
-
-
-
23 964
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 931
Employee
14 519
-
77 131
-
health
1 663
-
8 832
-
income
1 992
-
18 529
-
pensions
1 635
-
3 249
-
total
5 290
-
30 610
-
Employer
14 519
-
77 131
-
accident
242
-
1 288
-
unemployment
356
-
1 890
-
pensions
2 361
-
4 691
-
total
2 959
-
7 869
-
Corporate
67 522
85 000
-
-
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.

60 770
76 500
-
-
total
60 770
76 500
-
-
Dividends
6 752
8 500
-
-
withholding
1 283
1 615
-
-
total
1 283
1 615
-
-
Income
85 000
85 000
85 000
85 000
Total tax
70 302
78 115
38 479
26 931
After tax
14 698
6 885
46 521
58 069
Living cost
9 230
9 230
9 230
9 230
Free-cash
5 468
-2 345
37 291
48 839

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36225
₴37531
₴36992
₴27254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
85 000
municipal
-
-
-
15 096
health
-
-
-
1 131
national
-
-
-
15 337
total
-
-
-
31 564
Employee
22 535
-
71 506
-
health
168
-
923
-
municipal
3 691
-
11 644
-
pensions
1 521
-
4 826
-
unemployment
338
-
1 073
-
national
372
-
9 342
-
total
6 090
-
27 808
-
Employer
22 535
-
71 506
-
accident
23
-
72
-
unemployment
146
-
465
-
pensions
3 910
-
12 407
-
health
173
-
550
-
total
4 252
-
13 494
-
Corporate
58 214
85 000
-
-
income
11 643
17 000
-
-
total
11 643
17 000
-
-
Dividends

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

34 928
51 000
-
-
national
2 753
6 151
-
-
municipal
6 287
9 180
-
-
total
9 040
15 331
-
-
Income
85 000
85 000
85 000
85 000
Total tax
31 025
32 331
41 302
31 564
After tax
53 975
52 669
43 698
53 436
Living cost
16 444
16 444
16 444
16 444
Free-cash
37 531
36 225
27 254
36 992

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52061
₴49731
₴47702
₴46980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
18 283
health
-
-
-
2 168
social contributions
-
-
-
6 930
total
-
-
-
27 381
Employee
32 936
32 936
79 836
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 357
-
income
3 586
3 049
17 895
-
total
5 086
6 342
22 939
-
Employer
32 936
32 936
79 836
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 477
-
total
1 522
3 343
5 164
-
Corporate
68 474
48 721
-
-
income
8 559
6 090
-
-
total
8 559
6 090
-
-
Dividends
59 915
42 631
-
-
withholding
10 185
7 247
-
-
total
10 185
7 247
-
-
Income
85 000
85 000
85 000
85 000
Total tax
25 352
23 022
28 103
27 381
After tax
59 648
61 978
56 897
57 619
Living cost
9 917
9 917
9 917
9 917
Free-cash
49 731
52 061
46 980
47 702

Estimated living cost  is ₴9917 per week

₴5943
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.
₴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.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63588
₴61409
₴65186
₴56596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
85 000
income
-
-
-
8 727
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
13 014
Employee

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

9 831
-
80 814
-
health
836
-
3 454
-
income
672
-
7 665
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
17 418
-
Employer

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

9 831
-
80 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
74 157
85 000
-
-
income
6 674
7 650
-
-
total
6 674
7 650
-
-
Dividends
67 483
77 350
-
-
withholding
6 073
6 962
-
-
total
6 073
6 962
-
-
Income
85 000
85 000
85 000
85 000
Total tax
16 791
14 612
21 604
13 014
After tax
68 209
70 388
63 396
71 986
Living cost
6 800
6 800
6 800
6 800
Free-cash
61 409
63 588
56 596
65 186

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44764
₴42874
₴35816
₴34020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
358
income
-
-
-
25 495
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 406
Employee
15 837
-
72 344
-
other
15
-
40
-
income
3 053
-
24 025
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
26 546
-
Employer
15 837
-
72 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
64 113
85 000
-
-
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.

9 617
12 750
-
-
total
9 617
12 750
-
-
Dividends
54 496
72 250
-
-
withholding
11 624
15 708
-
-
total
11 624
15 708
-
-
Income
85 000
85 000
85 000
85 000
Total tax
30 348
28 458
39 202
37 406
After tax
54 652
56 542
45 798
47 594
Living cost
11 778
11 778
11 778
11 778
Free-cash
42 874
44 764
34 020
35 816

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51870
₴51677
₴53393
₴53311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
28 965
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
30 437
Employee
1 782
-
84 040
-
health
89
-
213
-
income
345
-
28 920
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
29 560
-
Employer
1 782
-
84 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
82 817
85 000
-
-
income
18 220
18 700
-
-
total
18 220
18 700
-
-
Dividends
64 598
66 300
-
-
withholding
12 920
13 260
-
-
total
12 920
13 260
-
-
Income
85 000
85 000
85 000
85 000
Total tax
32 153
31 960
30 519
30 437
After tax
52 847
53 040
54 481
54 563
Living cost
1 170
1 170
1 170
1 170
Free-cash
51 677
51 870
53 311
53 393

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54005
₴51897
₴46165
₴46166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
income
-
-
-
19 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
31 427
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.

11 170
-
79 334
-
health
575
-
1 630
-
income
1 540
-
19 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
25 760
-
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.

11 170
-
79 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
71 830
85 000
-
-
income
10 775
12 750
-
-
total
10 775
12 750
-
-
Dividends
61 056
72 250
-
-
withholding
9 158
10 837
-
-
total
9 158
10 837
-
-
Income
85 000
85 000
85 000
85 000
Total tax
25 695
23 587
31 426
31 427
After tax
59 305
61 413
53 574
53 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
51 897
54 005
46 166
46 165

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36801
₴36646
₴33361
₴26917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
income
-
-
-
10 554
surtax
-
-
-
-
social contributions

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

-
-
-
29 538
total
-
-
-
40 092
Employee
16 624
-
68 687
-
social contributions
1 829
-
7 556
-
surtax
-
-
-
-
income
3 248
-
22 667
-
total
5 077
-
30 223
-
Employer
16 624
-
68 687
-
social contributions
3 948
-
16 313
-
total
3 948
-
16 313
-
Corporate
64 428
85 000
-
-
surtax
-
-
-
-
income
13 530
17 850
-
-
total
13 530
17 850
-
-
Dividends
50 898
67 150
-
-
withholding
14 252
18 802
-
-
total
14 252
18 802
-
-
Income
85 000
85 000
85 000
85 000
Total tax
36 807
36 652
46 536
40 092
After tax
48 193
48 348
38 464
44 908
Living cost
11 547
11 547
11 547
11 547
Free-cash
36 646
36 801
26 917
33 361

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41489
₴38686
₴32541
₴30745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
358
income
-
-
-
25 495
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 406
Employee
20 686
-
72 344
-
other
20
-
40
-
income
4 321
-
24 025
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
26 546
-
Employer
20 686
-
72 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
57 719
85 000
-
-
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.

8 658
12 750
-
-
total
8 658
12 750
-
-
Dividends
49 061
72 250
-
-
withholding
10 374
15 708
-
-
total
10 374
15 708
-
-
Income
85 000
85 000
85 000
85 000
Total tax
31 261
28 458
39 202
37 406
After tax
53 739
56 542
45 798
47 594
Living cost
15 053
15 053
15 053
15 053
Free-cash
38 686
41 489
30 745
32 541

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65303
₴62691
₴60880
₴64316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
12 750
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
16 748
Employee
9 762
-
82 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
8 206
-
pensions

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

857
-
1 314
-
total
2 389
-
10 374
-
Employer
9 762
-
82 063
-
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.

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
73 322
85 000
-
-
income
7 332
8 500
-
-
total
7 332
8 500
-
-
Dividends
65 990
76 500
-
-
withholding
3 300
3 825
-
-
total
3 300
3 825
-
-
Income
85 000
85 000
85 000
85 000
Total tax
14 937
12 325
13 312
16 748
After tax
70 063
72 675
71 688
68 252
Living cost
7 372
7 372
7 372
7 372
Free-cash
62 691
65 303
64 316
60 880

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27194
₴32798
₴27360
₴36700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
trade
-
-
-
9 340
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.

-
-
-
27 334
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.

-
-
-
2 926
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.

-
-
-
1 504
total
-
-
-
41 104
Employee

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

21 311
-
85 000
-
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.

2 926
-
2 926
-
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
-
1 504
-
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.

1 752
-
27 334
-
total
4 775
-
31 764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 689
85 000
-
-
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
701
-
-
income
9 553
12 750
-
-
trade
9 139
12 198
-
-
chamber of commerce
158
189
-
-
total
19 375
25 838
-
-
Dividends
44 313
59 162
-
-
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.

601
805
-
-
withholding
10 915
14 627
-
-
total
11 516
15 432
-
-
Income
85 000
85 000
85 000
85 000
Total tax
35 666
41 270
31 764
41 104
After tax
49 334
43 730
53 236
43 896
Living cost
16 536
16 536
16 536
16 536
Free-cash
32 798
27 194
36 700
27 360

Estimated living cost  is ₴16536 per week

₴11407
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.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35101
₴36047
₴19279
₴19279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
26 920
social contributions
-
-
-
14 402
total
-
-
-
41 322
Employee
33 504
-
85 000
-
income
6 322
-
26 920
-
social contributions
2 783
-
14 402
-
total
9 105
-
41 322
-
Employer
33 504
-
85 000
-
total
-
-
-
-
Corporate
51 496
85 000
-
-
income
6 437
10 625
-
-
total
6 437
10 625
-
-
Dividends
45 059
74 375
-
-
withholding
9 012
14 875
-
-
total
9 012
14 875
-
-
Income
85 000
85 000
85 000
85 000
Total tax
24 554
25 500
41 322
41 322
After tax
60 446
59 500
43 678
43 678
Living cost
24 399
24 399
24 399
24 399
Free-cash
36 047
35 101
19 279
19 279

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 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
₴37439
₴38935
₴53841
₴44306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
income
-
-
-
12 750
health

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

-
-
-
2 861
total
-
-
-
15 611
Employee
19 649
-
83 030
-
income
2 132
-
21 206
-
social contributions
1 969
-
1 970
-
total
4 101
-
23 176
-
Employer
19 649
-
83 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
63 383
85 000
-
-
income
22 184
29 750
-
-
total
22 184
29 750
-
-
Dividends
41 199
55 250
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
85 000
85 000
85 000
85 000
Total tax
30 517
32 013
25 146
15 611
After tax
54 483
52 987
59 854
69 389
Living cost
15 548
15 548
15 548
15 548
Free-cash
38 935
37 439
44 306
53 841

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38673
₴41218
₴39704
₴32060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
income
-
-
-
25 279
pensions
-
-
-
4 052
total
-
-
-
29 331
Employee
21 914
-
74 166
-
health
286
-
1 039
-
income
3 991
-
20 185
-
pensions
1 673
-
4 917
-
total
5 950
-
26 141
-
Employer
21 914
-
74 166
-
pensions
2 214
-
9 425
-
health
416
-
1 409
-
total
2 630
-
10 834
-
Corporate
60 456
85 000
-
-
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.

11 486
16 150
-
-
total
11 486
16 150
-
-
Dividends
48 970
68 850
-
-
withholding
7 751
14 212
-
-
total
7 751
14 212
-
-
Income
85 000
85 000
85 000
85 000
Total tax
27 817
30 362
36 975
29 331
After tax
57 183
54 638
48 025
55 669
Living cost
15 965
15 965
15 965
15 965
Free-cash
41 218
38 673
32 060
39 704

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3258
₴5330
₴47926
₴36378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
accident
-
-
-
108
income
-
-
-
23 964
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 931
Employee
15 956
-
77 131
-
health
1 827
-
8 832
-
income
2 189
-
18 529
-
pensions
1 797
-
3 249
-
total
5 813
-
30 610
-
Employer
15 956
-
77 131
-
accident
266
-
1 288
-
unemployment
391
-
1 890
-
pensions
2 594
-
4 691
-
total
3 251
-
7 869
-
Corporate
65 792
85 000
-
-
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.

59 213
76 500
-
-
total
59 213
76 500
-
-
Dividends
6 579
8 500
-
-
withholding
1 250
1 615
-
-
total
1 250
1 615
-
-
Income
85 000
85 000
85 000
85 000
Total tax
69 527
78 115
38 479
26 931
After tax
15 473
6 885
46 521
58 069
Living cost
10 143
10 143
10 143
10 143
Free-cash
5 330
-3 258
36 378
47 926

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59240
₴63739
₴46220
₴55638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 000
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
14 159
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
32 995
Employee

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

9 257
-
85 000
-
work injury
46
-
171
-
income
926
-
14 159
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
23 577
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 743
85 000
-
-
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%.

757
8 500
-
-
total
757
8 500
-
-
Dividends
74 986
76 500
-
-
withholding
11 248
11 475
-
-
total
11 248
11 475
-
-
Income
85 000
85 000
85 000
85 000
Total tax
15 476
19 975
23 577
32 995
After tax
69 524
65 025
61 423
52 005
Living cost
5 785
5 785
5 785
5 785
Free-cash
63 739
59 240
55 638
46 220

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27710
₴25762
₴22174
₴18570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 000
municipal
-
-
-
572
regional
-
-
-
1 974
national
-
-
-
21 780
social contributions
-
-
-
21 437
total
-
-
-
45 763
Employee
36 093
-
85 000
-
social contributions
12 170
-
28 105
-
regional
545
-
1 755
-
municipal
215
-
512
-
national
6 099
-
18 995
-
total
19 029
-
49 367
-
Employer
36 093
-
85 000
-
total
-
-
-
-
Corporate
48 907
85 000
-
-
nationa
11 738
20 400
-
-
municipal
2 357
4 097
-
-
total
14 095
24 497
-
-
Dividends
34 812
60 503
-
-
withholding
9 051
15 730
-
-
total
9 051
15 730
-
-
Income
85 000
85 000
85 000
85 000
Total tax
42 175
40 227
49 367
45 763
After tax
42 825
44 773
35 633
39 237
Living cost
17 063
17 063
17 063
17 063
Free-cash
25 762
27 710
18 570
22 174

Estimated living cost  is ₴17063 per week

₴11986
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.
₴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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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