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
₴ 88000
per

Your estimated
City
free-cash

Dresden , Germany
₴31350
₴36103
₴31200
₴41913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
trade
-
-
-
10 713
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.

-
-
-
28 567
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.

-
-
-
2 935
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.

-
-
-
1 571
total
-
-
-
43 786
Employee

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

16 434
-
88 000
-
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.

2 935
-
2 935
-
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
-
1 571
-
income

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

459
-
28 567
-
total
3 419
-
33 073
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 566
88 000
-
-
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.

590
726
-
-
income
10 735
13 200
-
-
trade
11 272
13 860
-
-
chamber of commerce
168
192
-
-
total
22 765
27 978
-
-
Dividends
48 801
60 022
-
-
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.

662
816
-
-
withholding
12 037
14 842
-
-
total
12 699
15 658
-
-
Income
88 000
88 000
88 000
88 000
Total tax
38 883
43 636
33 073
43 786
After tax
49 117
44 364
54 927
44 214
Living cost
13 014
13 014
13 014
13 014
Free-cash
36 103
31 350
41 913
31 200

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33233
₴32874
₴29046
₴29518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
9 730
pensions
-
-
-
10 560
national
-
-
-
16 039
social contributions
-
-
-
946
total
-
-
-
37 275
Employee
33 606
-
76 075
-
municipal
4 151
-
10 071
-
pensions
1 344
-
3 043
-
national
6 432
-
16 785
-
total
11 927
-
29 899
-
Employer
33 606
-
76 075
-
social contributions
361
-
818
-
pensions
2 688
-
6 086
-
total
3 049
-
6 904
-
Corporate
49 127
88 000
-
-
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%.

9 825
17 600
-
-
total
9 825
17 600
-
-
Dividends
39 301
70 400
-
-
withholding
8 646
15 488
-
-
total
8 646
15 488
-
-
Income
88 000
88 000
88 000
88 000
Total tax
33 447
33 088
36 803
37 275
After tax
54 553
54 912
51 197
50 725
Living cost
21 679
21 679
21 679
21 679
Free-cash
32 874
33 233
29 518
29 046

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61461
₴57937
₴22486
₴28865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
microenterprise
-
-
-
-
income
-
-
-
17 672
surtax
-
-
-
22 440
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.

-
-
-
16 463
total
-
-
-
56 575
Employee
12 555
-
68 166
-
social contributions

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

1 381
-
5 633
-
surtax
-
-
9 884
-
income
2 235
-
14 845
-
total
3 616
-
30 362
-
Employer
12 555
-
68 166
-
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.

3 024
-
12 336
-
surtax
-
-
7 498
-
total
3 024
-
19 834
-
Corporate
72 420
88 000
-
-
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%.

14 484
17 600
-
-
total
14 484
17 600
-
-
Dividends

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

57 937
70 400
-
-
total
-
-
-
-
Income
88 000
88 000
88 000
88 000
Total tax
21 124
17 600
50 196
56 575
After tax
66 876
70 400
37 804
31 425
Living cost
8 939
8 939
8 939
8 939
Free-cash
57 937
61 461
28 865
22 486

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25751
₴23119
₴29727
₴38297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
29 941
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
40 273
Employee
36 692
36 692
80 015
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
13 387
-
pensions
6 605
5 034
5 034
-
total
18 243
15 830
23 719
-
Employer
36 692
36 692
80 015
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 551
2 551
3 169
-
total
6 426
6 426
7 984
-
Corporate
45 333
44 882
-
-
income
9 066
8 977
-
-
total
9 066
8 977
-
-
Dividends
36 266
35 906
-
-
income
7 706
7 630
-
-
withholding
5 440
5 386
-
-
total
13 146
13 016
-
-
Income
88 000
88 000
88 000
88 000
Total tax
46 881
44 249
31 703
40 273
After tax
41 119
43 751
56 297
47 727
Living cost
18 000
18 000
18 000
18 000
Free-cash
23 119
25 751
38 297
29 727

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31381
₴31005
₴27631
₴27227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
23 086
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
10 034
total
-
-
-
43 702
Employee
23 748
-
76 523
-
municipal
7 082
-
22 819
-
national
-
-
9 811
-
total
7 082
-
32 630
-
Employer
23 748
-
76 523
-
accident
48
-
73
-
other
2 760
-
4 244
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 476
-
Corporate
56 790
88 000
-
-
income
12 494
19 360
-
-
total
12 494
19 360
-
-
Dividends
44 296
68 640
-
-
withholding
13 289
20 592
-
-
total
13 289
20 592
-
-
Income
88 000
88 000
88 000
88 000
Total tax
40 328
39 952
44 106
43 702
After tax
47 672
48 048
43 894
44 298
Living cost
16 667
16 667
16 667
16 667
Free-cash
31 005
31 381
27 227
27 631

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27033
₴33071
₴26858
₴38048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
trade
-
-
-
11 190
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.

-
-
-
28 567
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.

-
-
-
2 935
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.

-
-
-
1 571
total
-
-
-
44 263
Employee

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

21 790
-
88 000
-
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.

2 935
-
2 935
-
surtax

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

103
-
1 571
-
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.

1 872
-
28 567
-
total
4 910
-
33 073
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 210
88 000
-
-
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.

546
726
-
-
income
9 931
13 200
-
-
trade
10 892
14 476
-
-
chamber of commerce
159
190
-
-
total
21 528
28 592
-
-
Dividends
44 682
59 408
-
-
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.

605
808
-
-
withholding
11 007
14 688
-
-
total
11 612
15 496
-
-
Income
88 000
88 000
88 000
88 000
Total tax
38 050
44 088
33 073
44 263
After tax
49 950
43 912
54 927
43 737
Living cost
16 879
16 879
16 879
16 879
Free-cash
33 071
27 033
38 048
26 858

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50219
₴48440
₴45596
₴44854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
19 272
health
-
-
-
2 244
social contributions
-
-
-
6 952
total
-
-
-
28 468
Employee
33 040
33 040
82 770
-
social contributions
1 605
2 742
3 699
-
health
329
562
1 407
-
income
3 469
3 059
18 874
-
total
5 403
6 363
23 980
-
Employer
33 040
33 040
82 770
-
social contributions
1 605
2 742
3 699
-
health
358
612
1 531
-
total
1 963
3 354
5 230
-
Corporate
66 697
51 606
-
-
income
8 337
6 451
-
-
total
8 337
6 451
-
-
Dividends
58 359
45 156
-
-
withholding
9 921
7 677
-
-
total
9 921
7 677
-
-
Income
88 000
88 000
88 000
88 000
Total tax
25 624
23 845
29 210
28 468
After tax
62 376
64 155
58 790
59 532
Living cost
13 936
13 936
13 936
13 936
Free-cash
48 440
50 219
44 854
45 596

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41610
₴41772
₴53165
₴43216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
10 758
pensions
-
-
-
8 800
unemployment
-
-
-
1 320
health
-
-
-
6 160
total
-
-
-
27 038
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.

11 255
4 479
73 640
-
health
788
314
5 155
-
income
1 376
548
9 003
-
pensions
1 125
448
7 364
-
unemployment
169
67
1 105
-
total
3 458
1 377
22 627
-
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.

11 255
4 479
73 640
-
pensions
2 195
873
14 360
-
total
2 195
873
14 360
-
Corporate
74 551
82 647
-
-
income
6 710
7 438
-
-
total
6 710
7 438
-
-
Dividends
67 841
75 209
-
-
social contributions
13 178
14 615
-
-
withholding
12 890
14 290
-
-
total
26 068
28 905
-
-
Income
88 000
88 000
88 000
88 000
Total tax
38 431
38 593
36 987
27 038
After tax
49 569
49 407
51 013
60 962
Living cost
7 797
7 797
7 797
7 797
Free-cash
41 772
41 610
43 216
53 165

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60022
₴57353
₴36790
₴40344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
11 792
pensions
-
-
-
17 600
health
-
-
-
11 440
total
-
-
-
40 832
Employee
12 189
-
65 770
-
income
1 372
-
12 680
-
pensions
244
-
1 315
-
unemployment
195
-
1 053
-
total
1 811
-
15 048
-
Employer
12 189
-
65 770
-
unemployment
98
-
526
-
pensions
2 438
-
13 154
-
health
1 584
-
8 550
-
total
4 120
-
22 230
-
Corporate
71 691
88 000
-
-
income
14 338
17 600
-
-
total
14 338
17 600
-
-
Dividends
57 353
70 400
-
-
total
-
-
-
-
Income
88 000
88 000
88 000
88 000
Total tax
20 269
17 600
37 278
40 832
After tax
67 731
70 400
50 722
47 168
Living cost
10 378
10 378
10 378
10 378
Free-cash
57 353
60 022
40 344
36 790

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2301
₴5682
₴50683
₴38810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
108
income
-
-
-
24 903
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 888
Employee
14 833
-
79 983
-
health
1 698
-
9 158
-
income
2 035
-
19 315
-
pensions
1 670
-
3 270
-
total
5 403
-
31 743
-
Employer
14 833
-
79 983
-
accident
248
-
1 336
-
unemployment
363
-
1 960
-
pensions
2 412
-
4 722
-
total
3 023
-
8 018
-
Corporate
70 144
88 000
-
-
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.

63 130
79 200
-
-
total
63 130
79 200
-
-
Dividends
7 014
8 800
-
-
withholding
1 333
1 672
-
-
total
1 333
1 672
-
-
Income
88 000
88 000
88 000
88 000
Total tax
72 889
80 872
39 761
27 888
After tax
15 111
7 128
48 239
60 112
Living cost
9 429
9 429
9 429
9 429
Free-cash
5 682
-2 301
38 810
50 683

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79707
₴78977
₴83227
₴66507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
88 000
microenterprise

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

-
-
-
880
total
-
-
-
880
Employee
4 866
-
88 000
-
income
973
-
17 600
-
total
973
-
17 600
-
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%.

83 134
88 000
-
-
total
-
-
-
-
Dividends
83 134
88 000
-
-
withholding
4 157
4 400
-
-
total
4 157
4 400
-
-
Income
88 000
88 000
88 000
88 000
Total tax
5 130
4 400
17 600
880
After tax
82 870
83 600
70 400
87 120
Living cost
3 893
3 893
3 893
3 893
Free-cash
78 977
79 707
66 507
83 227

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53205
₴50301
₴40125
₴39378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
14 767
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.

-
-
-
15 681
other
-
-
-
3 103
health
-
-
-
2 875
total
-
-
-
36 426
Employee
15 601
-
71 486
-
health
219
-
915
-
income
2 686
-
14 518
-
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.

1 092
-
4 573
-
unemployment
156
-
653
-
total
4 153
-
20 659
-
Employer
15 601
-
71 486
-
accident
125
-
572
-
other
780
-
3 266
-
unemployment
156
-
653
-
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.

2 652
-
11 108
-
health
219
-
915
-
total
3 932
-
16 514
-
Corporate
68 467
88 000
-
-
income
14 379
18 480
-
-
total
14 379
18 480
-
-
Dividends
54 089
69 520
-
-
withholding
3 786
4 866
-
-
total
3 786
4 866
-
-
Income
88 000
88 000
88 000
88 000
Total tax
26 250
23 346
37 173
36 426
After tax
61 750
64 654
50 827
51 574
Living cost
11 449
11 449
11 449
11 449
Free-cash
50 301
53 205
39 378
40 125

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27565
₴31022
₴28722
₴20827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
26 468
pensions
-
-
-
4 110
total
-
-
-
30 578
Employee
40 606
-
76 758
-
health
669
-
1 064
-
income
7 320
-
21 204
-
pensions
3 917
-
4 964
-
total
11 906
-
27 232
-
Employer
40 606
-
76 758
-
pensions
4 794
-
9 783
-
health
771
-
1 458
-
total
5 565
-
11 241
-
Corporate
41 828
88 000
-
-
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.

7 947
16 720
-
-
total
7 947
16 720
-
-
Dividends
33 881
71 280
-
-
withholding
2 860
15 015
-
-
total
2 860
15 015
-
-
Income
88 000
88 000
88 000
88 000
Total tax
28 278
31 735
38 473
30 578
After tax
59 722
56 265
49 527
57 422
Living cost
28 700
28 700
28 700
28 700
Free-cash
31 022
27 565
20 827
28 722

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
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.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴69607
₴67611
₴65160
₴68745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
13 200
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
17 207
Employee
7 458
-
85 056
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
8 505
-
pensions

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

655
-
1 318
-
total
1 826
-
10 678
-
Employer
7 458
-
85 056
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
79 078
88 000
-
-
income
7 908
8 800
-
-
total
7 908
8 800
-
-
Dividends
71 171
79 200
-
-
withholding
3 558
3 960
-
-
total
3 558
3 960
-
-
Income
88 000
88 000
88 000
88 000
Total tax
14 756
12 760
13 622
17 207
After tax
73 244
75 240
74 378
70 793
Living cost
5 633
5 633
5 633
5 633
Free-cash
67 611
69 607
68 745
65 160

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19925
₴21007
₴23901
₴32471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
29 941
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
40 273
Employee
39 836
36 692
80 015
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
13 387
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
23 719
-
Employer
39 836
36 692
80 015
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 551
3 169
-
total
6 974
6 426
7 984
-
Corporate
41 189
44 882
-
-
income
8 238
8 977
-
-
total
8 238
8 977
-
-
Dividends
32 951
35 906
-
-
income
7 002
7 630
-
-
withholding
4 943
5 386
-
-
total
11 945
13 016
-
-
Income
88 000
88 000
88 000
88 000
Total tax
43 167
44 249
31 703
40 273
After tax
44 833
43 751
56 297
47 727
Living cost
23 826
23 826
23 826
23 826
Free-cash
21 007
19 925
32 471
23 901

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50313
₴46648
₴41111
₴37338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
9 200
health
-
-
-
11 880
solidarity contribution
-
-
-
749
social contributions
-
-
-
14 785
total
-
-
-
36 614
Employee
15 110
-
69 121
-
social contributions
982
-
3 291
-
health
2 040
-
9 331
-
solidarity contribution
-
-
411
-
income
1 813
-
8 475
-
total
4 835
-
21 508
-
Employer
15 110
-
69 121
-
social contributions
3 777
-
12 658
-
health
1 360
-
6 221
-
total
5 137
-
18 879
-
Corporate
67 753
88 000
-
-
income
12 873
16 720
-
-
total
12 873
16 720
-
-
Dividends
54 880
71 280
-
-
withholding
8 232
10 692
-
-
total
8 232
10 692
-
-
Income
88 000
88 000
88 000
88 000
Total tax
31 077
27 412
40 387
36 614
After tax
56 923
60 588
47 613
51 386
Living cost
10 275
10 275
10 275
10 275
Free-cash
46 648
50 313
37 338
41 111

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28821
₴26577
₴23736
₴20067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
532
regional
-
-
-
1 072
national
-
-
-
23 024
social contributions
-
-
-
21 505
total
-
-
-
46 133
Employee
38 187
-
88 000
-
social contributions
12 877
-
28 194
-
regional
360
-
955
-
municipal
202
-
479
-
national
6 617
-
20 174
-
total
20 056
-
49 802
-
Employer
38 187
-
88 000
-
total
-
-
-
-
Corporate
49 813
88 000
-
-
nationa
11 955
21 120
-
-
municipal
1 943
3 432
-
-
total
13 898
24 552
-
-
Dividends
35 915
63 448
-
-
withholding
9 338
16 496
-
-
total
9 338
16 496
-
-
Income
88 000
88 000
88 000
88 000
Total tax
43 292
41 048
49 802
46 133
After tax
44 708
46 952
38 198
41 867
Living cost
18 131
18 131
18 131
18 131
Free-cash
26 577
28 821
20 067
23 736

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45871
₴44534
₴31999
₴29373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
26 529
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
4 353
total
-
-
-
46 520
Employee
14 209
-
75 929
-
other
-
-
-
-
health
363
-
1 462
-
surtax
46
-
3 839
-
income
2 382
-
23 959
-
pensions
947
-
3 825
-
unemployment
989
-
3 991
-
total
4 727
-
37 076
-
Employer
14 209
-
75 929
-
other
-
-
-
-
unemployment
450
-
1 817
-
pensions
1 894
-
7 644
-
health
647
-
2 609
-
total
2 991
-
12 070
-
Corporate
70 800
88 000
-
-
income
18 408
22 880
-
-
total
18 408
22 880
-
-
Dividends
52 392
65 120
-
-
withholding
7 859
9 768
-
-
total
7 859
9 768
-
-
Income
88 000
88 000
88 000
88 000
Total tax
33 985
32 648
49 146
46 520
After tax
54 015
55 352
38 854
41 480
Living cost
9 481
9 481
9 481
9 481
Free-cash
44 534
45 871
29 373
31 999

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36658
₴39494
₴37815
₴29920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
26 468
pensions
-
-
-
4 110
total
-
-
-
30 578
Employee
27 213
-
76 758
-
health
395
-
1 064
-
income
4 901
-
21 204
-
pensions
2 310
-
4 964
-
total
7 606
-
27 232
-
Employer
27 213
-
76 758
-
pensions
2 946
-
9 783
-
health
517
-
1 458
-
total
3 463
-
11 241
-
Corporate
57 324
88 000
-
-
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.

10 891
16 720
-
-
total
10 891
16 720
-
-
Dividends
46 433
71 280
-
-
withholding
6 939
15 015
-
-
total
6 939
15 015
-
-
Income
88 000
88 000
88 000
88 000
Total tax
28 899
31 735
38 473
30 578
After tax
59 101
56 265
49 527
57 422
Living cost
19 607
19 607
19 607
19 607
Free-cash
39 494
36 658
29 920
37 815

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7563
₴21544
₴37579
₴34045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
city
-
-
-
927
pensions
-
-
-
8 096
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.

-
-
-
1 760
regional
-
-
-
4 745
health
-
-
-
198
national
-
-
-
2 017
total
-
-
-
17 743
Employee
38 242
-
79 015
-
city
410
-
852
-
regional
1 252
-
4 176
-
health
86
-
178
-
pensions
3 213
-
6 357
-
unemployment
-
-
-
-
national
181
-
1 599
-
total
5 142
-
13 162
-
Employer
38 242
-
79 015
-
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.

765
-
1 580
-
unemployment
-
-
-
-
pensions
3 213
-
6 357
-
health
86
-
178
-
total
4 064
-
8 115
-
Corporate
45 273
88 000
-
-
regional
9 576
18 612
-
-
national
3 848
7 480
-
-
total
13 424
26 092
-
-
Dividends
31 850
61 908
-
-
withholding
11 148
21 667
-
-
total
11 148
21 667
-
-
Income
88 000
88 000
88 000
88 000
Total tax
33 778
47 759
21 277
17 743
After tax
54 222
40 241
66 723
70 257
Living cost
32 678
32 678
32 678
32 678
Free-cash
21 544
7 563
34 045
37 579

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23775
₴30743
₴23577
₴35243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
trade
-
-
-
11 666
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.

-
-
-
28 567
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.

-
-
-
2 935
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.

-
-
-
1 571
total
-
-
-
44 739
Employee

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

25 823
-
88 000
-
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.

2 935
-
2 935
-
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
-
1 571
-
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.

3 036
-
28 567
-
total
6 138
-
33 073
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 177
88 000
-
-
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.

513
726
-
-
income
9 326
13 200
-
-
trade
10 664
15 092
-
-
chamber of commerce
152
189
-
-
total
20 655
29 207
-
-
Dividends
41 522
58 793
-
-
surtax

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

562
799
-
-
withholding
10 218
14 535
-
-
total
10 780
15 334
-
-
Income
88 000
88 000
88 000
88 000
Total tax
37 573
44 541
33 073
44 739
After tax
50 427
43 459
54 927
43 261
Living cost
19 684
19 684
19 684
19 684
Free-cash
30 743
23 775
35 243
23 577

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29651
₴32192
₴34205
₴32177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
15 236
pensions
-
-
-
14 518
other
-
-
-
2 728
health
-
-
-
4 105
surtax
-
-
-
-
social contributions
-
-
-
2 507
total
-
-
-
39 094
Employee
18 389
-
67 502
-
social contributions
524
-
1 923
-
surtax
-
-
-
-
income
1 085
-
13 757
-
pensions
2 079
-
4 944
-
total
3 688
-
20 624
-
Employer
18 389
-
67 502
-
other
634
-
2 740
-
social contributions
55
-
202
-
unemployment
744
-
2 734
-
pensions
3 021
-
8 280
-
health
1 287
-
6 542
-
total
5 741
-
20 498
-
Corporate
63 868
88 000
-
-
surtax
-
-
-
-
income
17 883
24 640
-
-
total
17 883
24 640
-
-
Dividends
45 985
63 360
-
-
surtax
-
-
-
-
social contributions
7 909
10 898
-
-
withholding
5 886
8 110
-
-
total
13 795
19 008
-
-
Income
88 000
88 000
88 000
88 000
Total tax
41 107
43 648
41 122
39 094
After tax
46 893
44 352
46 878
48 906
Living cost
14 701
14 701
14 701
14 701
Free-cash
32 192
29 651
32 177
34 205

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31108
₴33494
₴35662
₴33634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
15 236
pensions
-
-
-
14 518
other
-
-
-
2 728
health
-
-
-
4 105
surtax
-
-
-
-
social contributions
-
-
-
2 507
total
-
-
-
39 094
Employee
16 415
-
67 502
-
social contributions
468
-
1 923
-
surtax
-
-
-
-
income
846
-
13 757
-
pensions
1 857
-
4 944
-
total
3 171
-
20 624
-
Employer
16 415
-
67 502
-
other
567
-
2 740
-
social contributions
49
-
202
-
unemployment
665
-
2 734
-
pensions
2 697
-
8 280
-
health
1 149
-
6 542
-
total
5 127
-
20 498
-
Corporate
66 459
88 000
-
-
surtax
-
-
-
-
income
18 609
24 640
-
-
total
18 609
24 640
-
-
Dividends
47 850
63 360
-
-
surtax
-
-
-
-
social contributions
8 230
10 898
-
-
withholding
6 125
8 110
-
-
total
14 355
19 008
-
-
Income
88 000
88 000
88 000
88 000
Total tax
41 262
43 648
41 122
39 094
After tax
46 738
44 352
46 878
48 906
Living cost
13 244
13 244
13 244
13 244
Free-cash
33 494
31 108
33 634
35 662

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44577
₴44799
₴47403
₴45226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
13 200
health
-
-
-
6 142
social contributions
-
-
-
12 144
total
-
-
-
31 486
Employee
14 568
-
88 000
-
social contributions
2 011
-
12 144
-
health
1 017
-
6 142
-
income
2 430
-
15 377
-
total
5 458
-
33 663
-
Employer
14 568
-
88 000
-
total
-
-
-
-
Corporate
73 432
88 000
-
-
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%.

3 672
4 400
-
-
total
3 672
4 400
-
-
Dividends
69 760
83 600
-
-
health
4 869
5 835
-
-
social contributions
9 627
11 537
-
-
withholding
10 464
12 540
-
-
total
24 960
29 912
-
-
Income
88 000
88 000
88 000
88 000
Total tax
34 090
34 312
33 663
31 486
After tax
53 910
53 688
54 337
56 514
Living cost
9 111
9 111
9 111
9 111
Free-cash
44 799
44 577
45 226
47 403

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33433
₴32768
₴30060
₴8023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
chamber of commerce
-
-
-
352
income
-
-
-
26 602
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
85
total
-
-
-
42 800
Employee
21 473
17 123
71 886
-
other
214
171
502
-
health
831
663
1 942
-
income
2 445
1 263
22 069
-
pensions
2 199
1 753
5 140
-
unemployment
644
514
1 506
-
total
6 333
4 364
31 159
-
Employer
21 473
17 123
71 886
-
accident
279
223
652
-
other
1 020
813
3 230
-
chamber of commerce
86
68
288
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 695
2 149
6 300
-
payroll
644
514
2 157
-
health
811
647
1 897
-
total
6 264
5 013
16 115
-
Corporate
60 263
65 864
70 255
-
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.

15 066
16 466
17 563
-
total
15 066
16 466
17 563
-
Dividends
45 197
49 398
-
-
withholding
12 429
13 584
-
-
total
12 429
13 584
-
-
Income
88 000
88 000
88 000
88 000
Total tax
40 092
39 427
64 837
42 800
After tax
47 908
48 573
23 163
45 200
Living cost
15 140
15 140
15 140
15 140
Free-cash
32 768
33 433
8 023
30 060

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33109
₴27081
₴22566
₴14628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
national
-
-
-
34 419
communal

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

-
-
-
4 637
social contributions
-
-
-
10 712
total
-
-
-
49 768
Employee

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

30 735
-
68 159
-
communal

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

1 603
-
3 555
-
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.

1 444
-
3 203
-
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.

2 305
-
5 112
-
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
-
593
-
national
9 449
-
25 402
-
total
15 068
-
37 865
-
Employer

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

30 735
-
68 159
-
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.

400
-
886
-
unemployment

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

448
-
995
-
surtax
3 485
-
7 730
-
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.

2 723
-
6 039
-
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.

1 890
-
4 191
-
total
8 946
-
19 841
-
Corporate
48 319
88 000
-
-
surtax
193
364
-
-
income
9 664
18 181
-
-
total
9 857
18 545
-
-
Dividends
38 462
69 455
-
-
withholding

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

11 382
20 680
-
-
total
11 382
20 680
-
-
Income
88 000
88 000
88 000
88 000
Total tax
45 253
39 225
57 706
49 768
After tax
42 747
48 775
30 294
38 232
Living cost
15 666
15 666
15 666
15 666
Free-cash
27 081
33 109
14 628
22 566

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42992
₴40049
₴33730
₴31928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
359
income
-
-
-
26 805
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 753
Employee
21 388
-
75 304
-
other
21
-
40
-
income
4 513
-
25 330
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
27 859
-
Employer
21 388
-
75 304
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
59 794
88 000
-
-
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.

8 969
13 200
-
-
total
8 969
13 200
-
-
Dividends
50 825
74 800
-
-
withholding
10 777
16 291
-
-
total
10 777
16 291
-
-
Income
88 000
88 000
88 000
88 000
Total tax
32 434
29 491
40 555
38 753
After tax
55 566
58 509
47 445
49 247
Living cost
15 517
15 517
15 517
15 517
Free-cash
40 049
42 992
31 928
33 730

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27167
₴21337
₴18780
₴22289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
742
income
-
-
-
15 831
pensions
-
-
-
13 190
health
-
-
-
6 183
surtax
-
-
-
4 362
communal
-
-
-
5 562
total
-
-
-
45 870
Employee
32 539
-
78 607
-
health
1 448
-
3 498
-
surtax
1 994
-
4 817
-
income
3 143
-
18 365
-
pensions
2 603
-
6 288
-
total
9 188
-
32 968
-
Employer
32 539
-
78 607
-
accident
293
-
708
-
pensions
2 603
-
6 288
-
health
992
-
2 397
-
total
3 888
-
9 393
-
Corporate
51 573
88 000
-
-
surtax
541
924
-
-
communal
3 481
5 940
-
-
income
7 736
13 200
-
-
total
11 758
20 064
-
-
Dividends
39 815
67 936
-
-
income
12 507
7 228
-
-
withholding
5 972
10 191
-
-
total
18 479
17 419
-
-
Income
88 000
88 000
88 000
88 000
Total tax
43 313
37 483
42 361
45 870
After tax
44 687
50 517
45 639
42 130
Living cost
23 350
23 350
23 350
23 350
Free-cash
21 337
27 167
22 289
18 780

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45701
₴44335
₴31829
₴29203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
26 529
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
4 353
total
-
-
-
46 520
Employee
14 470
-
75 929
-
other
-
-
-
-
health
369
-
1 462
-
surtax
51
-
3 839
-
income
2 426
-
23 959
-
pensions
965
-
3 825
-
unemployment
1 007
-
3 991
-
total
4 818
-
37 076
-
Employer
14 470
-
75 929
-
other
-
-
-
-
unemployment
459
-
1 817
-
pensions
1 929
-
7 644
-
health
658
-
2 609
-
total
3 046
-
12 070
-
Corporate
70 484
88 000
-
-
income
18 326
22 880
-
-
total
18 326
22 880
-
-
Dividends
52 158
65 120
-
-
withholding
7 824
9 768
-
-
total
7 824
9 768
-
-
Income
88 000
88 000
88 000
88 000
Total tax
34 014
32 648
49 146
46 520
After tax
53 986
55 352
38 854
41 480
Living cost
9 651
9 651
9 651
9 651
Free-cash
44 335
45 701
29 203
31 829

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34681
₴33728
₴30015
₴26365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
532
regional
-
-
-
1 350
national
-
-
-
23 024
social contributions
-
-
-
21 505
total
-
-
-
46 411
Employee
23 835
-
88 000
-
social contributions
8 037
-
28 194
-
regional
321
-
1 214
-
municipal
126
-
479
-
national
3 776
-
20 174
-
total
12 260
-
50 061
-
Employer
23 835
-
88 000
-
total
-
-
-
-
Corporate
64 165
88 000
-
-
nationa
15 399
21 120
-
-
municipal
3 189
4 374
-
-
total
18 588
25 494
-
-
Dividends
45 577
62 506
-
-
withholding
11 850
16 251
-
-
total
11 850
16 251
-
-
Income
88 000
88 000
88 000
88 000
Total tax
42 698
41 745
50 061
46 411
After tax
45 302
46 255
37 939
41 589
Living cost
11 574
11 574
11 574
11 574
Free-cash
33 728
34 681
26 365
30 015

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47927
₴43409
₴38725
₴34952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
9 200
health
-
-
-
11 880
solidarity contribution
-
-
-
749
social contributions
-
-
-
14 785
total
-
-
-
36 614
Employee
18 619
-
69 121
-
social contributions
1 210
-
3 291
-
health
2 514
-
9 331
-
solidarity contribution
-
-
411
-
income
2 234
-
8 475
-
total
5 958
-
21 508
-
Employer
18 619
-
69 121
-
social contributions
4 655
-
12 658
-
health
1 676
-
6 221
-
total
6 331
-
18 879
-
Corporate
63 050
88 000
-
-
income
11 980
16 720
-
-
total
11 980
16 720
-
-
Dividends
51 071
71 280
-
-
withholding
7 661
10 692
-
-
total
7 661
10 692
-
-
Income
88 000
88 000
88 000
88 000
Total tax
31 930
27 412
40 387
36 614
After tax
56 070
60 588
47 613
51 386
Living cost
12 661
12 661
12 661
12 661
Free-cash
43 409
47 927
34 952
38 725

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34911
₴34700
₴31577
₴9475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
chamber of commerce
-
-
-
352
income
-
-
-
26 602
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
-
total
-
-
-
42 715
Employee
18 782
17 123
71 965
-
other
188
171
502
-
health
727
663
1 942
-
income
1 673
1 263
22 108
-
pensions
1 923
1 753
5 140
-
unemployment
563
514
1 506
-
total
5 074
4 364
31 198
-
Employer
18 782
17 123
71 965
-
accident
244
223
652
-
other
892
813
3 233
-
chamber of commerce
75
68
288
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 300
-
payroll
563
514
2 159
-
health
710
647
1 897
-
total
5 404
4 928
16 035
-
Corporate
63 813
65 949
70 334
-
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.

15 953
16 487
17 584
-
total
15 953
16 487
17 584
-
Dividends
47 860
49 462
-
-
withholding
13 161
13 602
-
-
total
13 161
13 602
-
-
Income
88 000
88 000
88 000
88 000
Total tax
39 592
39 381
64 817
42 715
After tax
48 408
48 619
23 183
45 285
Living cost
13 708
13 708
13 708
13 708
Free-cash
34 700
34 911
9 475
31 577

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴77534
₴76396
₴81054
₴64334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
88 000
microenterprise

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

-
-
-
880
total
-
-
-
880
Employee
7 582
-
88 000
-
income
1 517
-
17 600
-
total
1 517
-
17 600
-
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%.

80 418
88 000
-
-
total
-
-
-
-
Dividends
80 418
88 000
-
-
withholding
4 021
4 400
-
-
total
4 021
4 400
-
-
Income
88 000
88 000
88 000
88 000
Total tax
5 538
4 400
17 600
880
After tax
82 462
83 600
70 400
87 120
Living cost
6 066
6 066
6 066
6 066
Free-cash
76 396
77 534
64 334
81 054

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49063
₴45470
₴30245
₴28333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
income
-
-
-
21 368
pensions
-
-
-
16 071
unemployment
-
-
-
132
health
-
-
-
8 659
total
-
-
-
46 230
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.

19 000
-
76 144
-
health
1 227
-
4 918
-
income
3 277
-
19 458
-
pensions
2 945
-
11 803
-
unemployment
27
-
107
-
total
7 476
-
36 286
-
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.

19 000
-
76 144
-
unemployment
11
-
46
-
pensions
1 681
-
6 739
-
health
1 265
-
5 071
-
total
2 957
-
11 856
-
Corporate
66 042
88 000
-
-
income
12 548
16 720
-
-
total
12 548
16 720
-
-
Dividends
53 494
71 280
-
-
withholding
8 024
10 692
-
-
total
8 024
10 692
-
-
Income
88 000
88 000
88 000
88 000
Total tax
31 005
27 412
48 142
46 230
After tax
56 995
60 588
39 858
41 770
Living cost
11 525
11 525
11 525
11 525
Free-cash
45 470
49 063
28 333
30 245

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34905
₴14362
₴42181
₴63685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
17 153
social contributions
-
-
-
10 032
total
-
-
-
27 185
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
Corporate
23 607
88 000
-
-
income
5 194
19 360
-
-
total
5 194
19 360
-
-
Dividends
18 414
68 640
-
-
income
4 051
15 101
-
-
total
4 051
15 101
-
-
Income
88 000
88 000
88 000
88 000
Total tax
55 004
34 461
5 681
27 185
After tax
32 996
53 539
82 319
60 815
Living cost
18 634
18 634
18 634
18 634
Free-cash
14 362
34 905
63 685
42 181

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36577
₴36145
₴32861
₴26189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
income
-
-
-
11 082
surtax
-
-
-
-
social contributions

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

-
-
-
30 580
total
-
-
-
41 662
Employee
19 762
-
71 111
-
social contributions
2 174
-
7 822
-
surtax
-
-
-
-
income
4 110
-
23 623
-
total
6 284
-
31 445
-
Employer
19 762
-
71 111
-
social contributions
4 693
-
16 889
-
total
4 693
-
16 889
-
Corporate
63 545
88 000
-
-
surtax
-
-
-
-
income
13 345
18 480
-
-
total
13 345
18 480
-
-
Dividends
50 200
69 520
-
-
withholding
14 056
19 466
-
-
total
14 056
19 466
-
-
Income
88 000
88 000
88 000
88 000
Total tax
38 378
37 946
48 334
41 662
After tax
49 622
50 054
39 666
46 338
Living cost
13 477
13 477
13 477
13 477
Free-cash
36 145
36 577
26 189
32 861

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23599
₴26551
₴28153
₴26125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
15 236
pensions
-
-
-
14 518
other
-
-
-
2 728
health
-
-
-
4 105
surtax
-
-
-
-
social contributions
-
-
-
2 507
total
-
-
-
39 094
Employee
26 911
-
67 502
-
social contributions
766
-
1 923
-
surtax
-
-
-
-
income
2 348
-
13 757
-
pensions
3 044
-
4 944
-
total
6 158
-
20 624
-
Employer
26 911
-
67 502
-
other
929
-
2 740
-
social contributions
81
-
202
-
unemployment
1 090
-
2 734
-
pensions
4 422
-
8 280
-
health
1 884
-
6 542
-
total
8 406
-
20 498
-
Corporate
52 684
88 000
-
-
surtax
-
-
-
-
income
14 751
24 640
-
-
total
14 751
24 640
-
-
Dividends
37 933
63 360
-
-
surtax
-
-
-
-
social contributions
6 525
10 898
-
-
withholding
4 856
8 110
-
-
total
11 381
19 008
-
-
Income
88 000
88 000
88 000
88 000
Total tax
40 696
43 648
41 122
39 094
After tax
47 304
44 352
46 878
48 906
Living cost
20 753
20 753
20 753
20 753
Free-cash
26 551
23 599
26 125
28 153

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66284
₴64840
₴51469
₴53808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
4 255
social contributions
-
-
-
19 360
total
-
-
-
23 615
Employee
13 814
-
76 190
-
income
-
-
4 515
-
social contributions
898
-
4 952
-
total
898
-
9 467
-
Employer
13 814
-
76 190
-
social contributions
2 141
-
11 809
-
total
2 141
-
11 809
-
Corporate
72 045
88 000
-
-
income
7 205
8 800
-
-
total
7 205
8 800
-
-
Dividends
64 841
79 200
-
-
total
-
-
-
-
Income
88 000
88 000
88 000
88 000
Total tax
10 244
8 800
21 276
23 615
After tax
77 756
79 200
66 724
64 385
Living cost
12 916
12 916
12 916
12 916
Free-cash
64 840
66 284
53 808
51 469

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5614
-₴5614
₴30496
-₴5614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
18 697
pensions
-
-
-
372
national
-
-
-
10 732
labour market
-
-
-
7 010
total
-
-
-
36 811
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 000
88 000
88 000
88 000
Total tax
72 921
72 921
72 921
36 811
After tax
15 079
15 079
15 079
51 189
Living cost
20 693
20 693
20 693
20 693
Free-cash
-5 614
-5 614
-5 614
30 496

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2162
₴5703
₴50822
₴38949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
108
income
-
-
-
24 903
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 888
Employee
14 614
-
79 983
-
health
1 673
-
9 158
-
income
2 005
-
19 315
-
pensions
1 646
-
3 270
-
total
5 324
-
31 743
-
Employer
14 614
-
79 983
-
accident
244
-
1 336
-
unemployment
358
-
1 960
-
pensions
2 376
-
4 722
-
total
2 978
-
8 018
-
Corporate
70 407
88 000
-
-
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.

63 367
79 200
-
-
total
63 367
79 200
-
-
Dividends
7 041
8 800
-
-
withholding
1 338
1 672
-
-
total
1 338
1 672
-
-
Income
88 000
88 000
88 000
88 000
Total tax
73 007
80 872
39 761
27 888
After tax
14 993
7 128
48 239
60 112
Living cost
9 290
9 290
9 290
9 290
Free-cash
5 703
-2 162
38 949
50 822

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37881
₴39207
₴38474
₴28393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
88 000
municipal
-
-
-
15 628
health
-
-
-
1 176
national
-
-
-
16 226
total
-
-
-
33 030
Employee
22 606
-
74 031
-
health
169
-
961
-
municipal
3 703
-
12 053
-
pensions
1 526
-
4 997
-
unemployment
339
-
1 111
-
national
373
-
10 020
-
total
6 110
-
29 142
-
Employer
22 606
-
74 031
-
accident
23
-
74
-
unemployment
147
-
481
-
pensions
3 922
-
12 844
-
health
174
-
570
-
total
4 266
-
13 969
-
Corporate
61 129
88 000
-
-
income
12 226
17 600
-
-
total
12 226
17 600
-
-
Dividends

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

36 677
52 800
-
-
national
3 093
6 519
-
-
municipal
6 602
9 504
-
-
total
9 695
16 023
-
-
Income
88 000
88 000
88 000
88 000
Total tax
32 297
33 623
43 111
33 030
After tax
55 703
54 377
44 889
54 970
Living cost
16 496
16 496
16 496
16 496
Free-cash
39 207
37 881
28 393
38 474

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54207
₴51871
₴49584
₴48842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
19 272
health
-
-
-
2 244
social contributions
-
-
-
6 952
total
-
-
-
28 468
Employee
33 040
33 040
82 770
-
social contributions
1 249
2 742
3 699
-
health
256
562
1 407
-
income
3 597
3 059
18 874
-
total
5 102
6 363
23 980
-
Employer
33 040
33 040
82 770
-
social contributions
1 249
2 742
3 699
-
health
278
612
1 531
-
total
1 527
3 354
5 230
-
Corporate
71 422
51 606
-
-
income
8 928
6 451
-
-
total
8 928
6 451
-
-
Dividends
62 494
45 156
-
-
withholding
10 624
7 677
-
-
total
10 624
7 677
-
-
Income
88 000
88 000
88 000
88 000
Total tax
26 181
23 845
29 210
28 468
After tax
61 819
64 155
58 790
59 532
Living cost
9 948
9 948
9 948
9 948
Free-cash
51 871
54 207
48 842
49 584

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66051
₴63866
₴67823
₴59205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88 000
income
-
-
-
9 055
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
13 355
Employee

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

9 862
-
83 801
-
health
838
-
3 465
-
income
674
-
7 990
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
17 774
-
Employer

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

9 862
-
83 801
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
77 122
88 000
-
-
income
6 941
7 920
-
-
total
6 941
7 920
-
-
Dividends
70 181
80 080
-
-
withholding
6 316
7 207
-
-
total
6 316
7 207
-
-
Income
88 000
88 000
88 000
88 000
Total tax
17 312
15 127
21 973
13 355
After tax
70 688
72 873
66 027
74 645
Living cost
6 822
6 822
6 822
6 822
Free-cash
63 866
66 051
59 205
67 823

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46693
₴44796
₴37431
₴35629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
359
income
-
-
-
26 805
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 753
Employee
15 888
-
75 304
-
other
15
-
40
-
income
3 063
-
25 330
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
27 859
-
Employer
15 888
-
75 304
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
67 047
88 000
-
-
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.

10 057
13 200
-
-
total
10 057
13 200
-
-
Dividends
56 990
74 800
-
-
withholding
12 195
16 291
-
-
total
12 195
16 291
-
-
Income
88 000
88 000
88 000
88 000
Total tax
31 388
29 491
40 555
38 753
After tax
56 612
58 509
47 445
49 247
Living cost
11 816
11 816
11 816
11 816
Free-cash
44 796
46 693
35 629
37 431

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53735
₴53541
₴55332
₴55248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
30 011
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
31 491
Employee
1 792
-
87 035
-
health
90
-
215
-
income
347
-
29 965
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
30 609
-
Employer
1 792
-
87 035
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
85 805
88 000
-
-
income
18 877
19 360
-
-
total
18 877
19 360
-
-
Dividends
66 928
68 640
-
-
withholding
13 386
13 728
-
-
total
13 386
13 728
-
-
Income
88 000
88 000
88 000
88 000
Total tax
33 282
33 088
31 575
31 491
After tax
54 718
54 912
56 425
56 509
Living cost
1 177
1 177
1 177
1 177
Free-cash
53 541
53 735
55 248
55 332

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴56150
₴54036
₴48364
₴48364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
income
-
-
-
20 205
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
32 206
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.

11 204
-
82 316
-
health
577
-
1 635
-
income
1 544
-
20 205
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
26 523
-
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.

11 204
-
82 316
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
74 790
88 000
-
-
income
11 219
13 200
-
-
total
11 219
13 200
-
-
Dividends
63 572
74 800
-
-
withholding
9 536
11 220
-
-
total
9 536
11 220
-
-
Income
88 000
88 000
88 000
88 000
Total tax
26 534
24 420
32 206
32 206
After tax
61 466
63 580
55 794
55 794
Living cost
7 430
7 430
7 430
7 430
Free-cash
54 036
56 150
48 364
48 364

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38470
₴38317
₴34754
₴28082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
income
-
-
-
11 082
surtax
-
-
-
-
social contributions

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

-
-
-
30 580
total
-
-
-
41 662
Employee
16 677
-
71 111
-
social contributions
1 835
-
7 822
-
surtax
-
-
-
-
income
3 258
-
23 623
-
total
5 093
-
31 445
-
Employer
16 677
-
71 111
-
social contributions
3 960
-
16 889
-
total
3 960
-
16 889
-
Corporate
67 363
88 000
-
-
surtax
-
-
-
-
income
14 146
18 480
-
-
total
14 146
18 480
-
-
Dividends
53 217
69 520
-
-
withholding
14 900
19 466
-
-
total
14 900
19 466
-
-
Income
88 000
88 000
88 000
88 000
Total tax
38 099
37 946
48 334
41 662
After tax
49 901
50 054
39 666
46 338
Living cost
11 584
11 584
11 584
11 584
Free-cash
38 317
38 470
28 082
34 754

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43408
₴40597
₴34146
₴32344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
359
income
-
-
-
26 805
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 753
Employee
20 751
-
75 304
-
other
20
-
40
-
income
4 334
-
25 330
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
27 859
-
Employer
20 751
-
75 304
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 142
-
2 190
-
pensions
4 897
-
9 399
-
total
6 616
-
12 696
-
Corporate
60 633
88 000
-
-
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.

9 095
13 200
-
-
total
9 095
13 200
-
-
Dividends
51 538
74 800
-
-
withholding
10 941
16 291
-
-
total
10 941
16 291
-
-
Income
88 000
88 000
88 000
88 000
Total tax
32 302
29 491
40 555
38 753
After tax
55 698
58 509
47 445
49 247
Living cost
15 101
15 101
15 101
15 101
Free-cash
40 597
43 408
32 344
34 146

Estimated living cost  is ₴15101 per week

₴10845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴67850
₴65232
₴63403
₴66988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
13 200
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
17 207
Employee
9 786
-
85 056
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
8 505
-
pensions

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

859
-
1 318
-
total
2 396
-
10 678
-
Employer
9 786
-
85 056
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
76 294
88 000
-
-
income
7 629
8 800
-
-
total
7 629
8 800
-
-
Dividends
68 665
79 200
-
-
withholding
3 433
3 960
-
-
total
3 433
3 960
-
-
Income
88 000
88 000
88 000
88 000
Total tax
15 378
12 760
13 622
17 207
After tax
72 622
75 240
74 378
70 793
Living cost
7 390
7 390
7 390
7 390
Free-cash
65 232
67 850
66 988
63 403

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28680
₴34301
₴28577
₴38338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
trade
-
-
-
9 761
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.

-
-
-
28 567
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.

-
-
-
2 935
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.

-
-
-
1 571
total
-
-
-
42 834
Employee

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

21 379
-
88 000
-
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.

2 935
-
2 935
-
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
-
1 571
-
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.

1 758
-
28 567
-
total
4 790
-
33 073
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 621
88 000
-
-
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.

550
726
-
-
income
9 993
13 200
-
-
trade
9 560
12 628
-
-
chamber of commerce
163
194
-
-
total
20 266
26 748
-
-
Dividends
46 355
61 252
-
-
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.

629
833
-
-
withholding
11 425
15 150
-
-
total
12 054
15 983
-
-
Income
88 000
88 000
88 000
88 000
Total tax
37 110
42 731
33 073
42 834
After tax
50 890
45 269
54 927
45 166
Living cost
16 589
16 589
16 589
16 589
Free-cash
34 301
28 680
38 338
28 577

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37124
₴38073
₴20459
₴20459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
28 098
social contributions
-
-
-
14 967
total
-
-
-
43 065
Employee
33 610
-
88 000
-
income
6 342
-
28 098
-
social contributions
2 792
-
14 967
-
total
9 134
-
43 065
-
Employer
33 610
-
88 000
-
total
-
-
-
-
Corporate
54 390
88 000
-
-
income
6 799
11 000
-
-
total
6 799
11 000
-
-
Dividends
47 591
77 000
-
-
withholding
9 518
15 400
-
-
total
9 518
15 400
-
-
Income
88 000
88 000
88 000
88 000
Total tax
25 451
26 400
43 065
43 065
After tax
62 549
61 600
44 935
44 935
Living cost
24 476
24 476
24 476
24 476
Free-cash
38 073
37 124
20 459
20 459

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39333
₴40834
₴56324
₴46222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
income
-
-
-
13 200
health

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

-
-
-
2 879
total
-
-
-
16 079
Employee
19 711
-
86 024
-
income
2 139
-
22 229
-
social contributions
1 975
-
1 976
-
total
4 114
-
24 205
-
Employer
19 711
-
86 024
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
66 314
88 000
-
-
income
23 210
30 800
-
-
total
23 210
30 800
-
-
Dividends
43 104
57 200
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
88 000
88 000
88 000
88 000
Total tax
31 569
33 070
26 181
16 079
After tax
56 431
54 930
61 819
71 921
Living cost
15 597
15 597
15 597
15 597
Free-cash
40 834
39 333
46 222
56 324

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40325
₴42866
₴41482
₴33587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
income
-
-
-
26 468
pensions
-
-
-
4 110
total
-
-
-
30 578
Employee
21 880
-
76 758
-
health
285
-
1 064
-
income
3 984
-
21 204
-
pensions
1 670
-
4 964
-
total
5 939
-
27 232
-
Employer
21 880
-
76 758
-
pensions
2 211
-
9 783
-
health
416
-
1 458
-
total
2 627
-
11 241
-
Corporate
63 494
88 000
-
-
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.

12 064
16 720
-
-
total
12 064
16 720
-
-
Dividends
51 430
71 280
-
-
withholding
8 564
15 015
-
-
total
8 564
15 015
-
-
Income
88 000
88 000
88 000
88 000
Total tax
29 194
31 735
38 473
30 578
After tax
58 806
56 265
49 527
57 422
Living cost
15 940
15 940
15 940
15 940
Free-cash
42 866
40 325
33 587
41 482

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3082
₴5564
₴49902
₴38029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
accident
-
-
-
108
income
-
-
-
24 903
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 888
Employee
16 061
-
79 983
-
health
1 839
-
9 158
-
income
2 203
-
19 315
-
pensions
1 808
-
3 270
-
total
5 850
-
31 743
-
Employer
16 061
-
79 983
-
accident
268
-
1 336
-
unemployment
393
-
1 960
-
pensions
2 611
-
4 722
-
total
3 272
-
8 018
-
Corporate
68 666
88 000
-
-
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.

61 799
79 200
-
-
total
61 799
79 200
-
-
Dividends
6 867
8 800
-
-
withholding
1 305
1 672
-
-
total
1 305
1 672
-
-
Income
88 000
88 000
88 000
88 000
Total tax
72 226
80 872
39 761
27 888
After tax
15 774
7 128
48 239
60 112
Living cost
10 210
10 210
10 210
10 210
Free-cash
5 564
-3 082
38 029
49 902

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
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.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61517
₴66241
₴48608
₴58055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 000
work injury
-
-
-
344
health insurance
-
-
-
5 084
income
-
-
-
14 695
pensions
-
-
-
12 642
unemployment
-
-
-
824
total
-
-
-
33 589
Employee

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

9 285
-
88 000
-
work injury
46
-
172
-
income
928
-
14 695
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
24 142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 715
88 000
-
-
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%.

787
8 800
-
-
total
787
8 800
-
-
Dividends
77 928
79 200
-
-
withholding
11 689
11 880
-
-
total
11 689
11 880
-
-
Income
88 000
88 000
88 000
88 000
Total tax
15 956
20 680
24 142
33 589
After tax
72 044
67 320
63 858
54 411
Living cost
5 803
5 803
5 803
5 803
Free-cash
66 241
61 517
58 055
48 608

Estimated living cost  is ₴5803 per week

₴3595
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.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29235
₴27279
₴23685
₴20127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 000
municipal
-
-
-
598
regional
-
-
-
2 071
national
-
-
-
23 024
social contributions
-
-
-
21 505
total
-
-
-
47 198
Employee
36 207
-
88 000
-
social contributions
12 209
-
28 194
-
regional
547
-
1 850
-
municipal
216
-
538
-
national
6 119
-
20 174
-
total
19 091
-
50 756
-
Employer
36 207
-
88 000
-
total
-
-
-
-
Corporate
51 793
88 000
-
-
nationa
12 431
21 120
-
-
municipal
2 497
4 242
-
-
total
14 928
25 362
-
-
Dividends
36 866
62 638
-
-
withholding
9 585
16 286
-
-
total
9 585
16 286
-
-
Income
88 000
88 000
88 000
88 000
Total tax
43 604
41 648
50 756
47 198
After tax
44 396
46 352
37 244
40 802
Living cost
17 117
17 117
17 117
17 117
Free-cash
27 279
29 235
20 127
23 685

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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