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
₽ 104000
per

Your estimated
City
free-cash

Dresden , Germany
₽23430
₽43866
₽34529
₽34065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income

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

-
-
-
23 160
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.

-
-
-
1 274
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.

-
-
-
6 570
trade
-
-
-
9 337
total
-
-
-
40 341
Employee

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

36 784
-
104 000
-
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.

57
-
1 274
-
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.

1 028
-
23 160
-
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.

6 570
-
6 570
-
total
7 655
-
31 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 216
104 000
-
-
income
10 082
15 601
-
-
surtax

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

555
858
-
-
chamber of commerce
243
296
-
-
trade
10 587
16 380
-
-
total
21 467
33 135
-
-
Dividends
45 750
70 866
-
-
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.

610
954
-
-
withholding
11 073
17 351
-
-
total
11 683
18 305
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 805
51 440
31 004
40 341
After tax
63 195
52 560
72 996
63 659
Living cost
29 130
29 130
29 130
29 130
Free-cash
34 065
23 430
43 866
34 529

Estimated living cost  is ₽29130 per week

₽18323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13489
₽12110
₽11294
₽12633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
social contributions
-
-
-
1 118
municipal
-
-
-
10 865
national
-
-
-
16 836
pensions
-
-
-
12 480
total
-
-
-
41 299
Employee
79 690
-
89 907
-
municipal
9 843
-
11 267
-
pensions
3 188
-
3 596
-
national
15 253
-
17 460
-
total
28 284
-
32 323
-
Employer
79 690
-
89 907
-
pensions
6 375
-
7 193
-
social contributions
857
-
967
-
total
7 232
-
8 160
-
Corporate
11 819
104 000
-
-
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%.

2 364
20 800
-
-
total
2 364
20 800
-
-
Dividends
9 455
83 200
-
-
withholding
2 080
18 304
-
-
total
2 080
18 304
-
-
Income
104 000
104 000
104 000
104 000
Total tax
39 960
39 104
40 483
41 299
After tax
64 040
64 896
63 517
62 701
Living cost
51 407
51 407
51 407
51 407
Free-cash
12 633
13 489
12 110
11 294

Estimated living cost  is ₽51407 per week

₽34941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽769
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10918
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63192
₽38523
₽35420
₽55302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
15 135
surtax
-
-
-
-
social contributions

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

-
-
-
33 437
microenterprise
-
-
-
-
total
-
-
-
48 572
Employee
28 102
-
83 809
-
surtax
-
-
-
-
social contributions

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

3 092
-
9 218
-
income
5 002
-
16 060
-
total
8 094
-
25 278
-
Employer
28 102
-
83 809
-
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.

6 769
-
20 191
-
surtax
-
-
-
-
total
6 769
-
20 191
-
Corporate
69 129
104 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

13 827
20 800
-
-
total
13 827
20 800
-
-
Dividends

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

55 302
83 200
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
28 690
20 800
45 469
48 572
After tax
75 310
83 200
58 531
55 428
Living cost
20 008
20 008
20 008
20 008
Free-cash
55 302
63 192
38 523
35 420

Estimated living cost  is ₽20008 per week

₽12764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10225
₽12419
₽18809
₽4334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
21 776
health
-
-
-
11 859
pensions
-
-
-
11 268
total
-
-
-
44 903
Employee
82 127
82 127
88 504
-
pensions
14 783
11 268
11 268
-
income

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

13 443
13 443
13 443
-
health
12 606
10 722
11 085
-
total
40 832
35 433
35 796
-
Employer
82 127
82 127
88 504
-
health
5 709
5 709
6 150
-
pensions
5 716
5 716
6 160
-
unemployment
2 957
2 957
3 187
-
total
14 382
14 382
15 497
-
Corporate
8 499
7 491
-
-
income
1 699
1 498
-
-
total
1 699
1 498
-
-
Dividends
6 800
5 993
-
-
income
1 445
1 274
-
-
withholding
1 020
900
-
-
total
2 465
2 174
-
-
Income
104 000
104 000
104 000
104 000
Total tax
59 378
53 487
51 293
44 903
After tax
44 622
50 513
52 707
59 097
Living cost
40 288
40 288
40 288
40 288
Free-cash
4 334
10 225
12 419
18 809

Estimated living cost  is ₽40288 per week

₽28551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽641
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17362
₽16115
₽15999
₽16477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
173
other
-
-
-
10 040
unemployment
-
-
-
86
health
-
-
-
5 391
municipal
-
-
-
23 549
national
-
-
-
-
pensions
-
-
-
9 340
total
-
-
-
48 579
Employee
56 173
-
79 136
-
municipal
16 751
-
23 598
-
national
-
-
-
-
total
16 751
-
23 598
-
Employer
56 173
-
79 136
-
health
3 455
-
4 867
-
pensions
6 072
-
8 555
-
accident
112
-
158
-
unemployment
1 483
-
2 089
-
other
6 527
-
9 196
-
total
17 649
-
24 865
-
Corporate
30 178
104 000
-
-
income
6 639
22 880
-
-
total
6 639
22 880
-
-
Dividends
23 539
81 120
-
-
withholding
7 062
24 336
-
-
total
7 062
24 336
-
-
Income
104 000
104 000
104 000
104 000
Total tax
48 101
47 216
48 463
48 579
After tax
55 899
56 784
55 537
55 421
Living cost
39 422
39 422
39 422
39 422
Free-cash
16 477
17 362
16 115
15 999

Estimated living cost  is ₽39422 per week

₽26127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14245
₽35216
₽25463
₽27760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income

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

-
-
-
23 160
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.

-
-
-
1 274
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.

-
-
-
6 570
trade
-
-
-
9 753
total
-
-
-
40 757
Employee

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

48 771
-
104 000
-
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.

230
-
1 274
-
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.

4 190
-
23 160
-
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.

6 570
-
6 570
-
total
10 990
-
31 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 229
104 000
-
-
income
8 284
15 601
-
-
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.

456
858
-
-
chamber of commerce
224
294
-
-
trade
9 085
17 108
-
-
total
18 049
33 861
-
-
Dividends
37 179
70 140
-
-
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.

491
944
-
-
withholding
8 930
17 170
-
-
total
9 421
18 114
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 460
51 975
31 004
40 757
After tax
65 540
52 025
72 996
63 243
Living cost
37 780
37 780
37 780
37 780
Free-cash
27 760
14 245
35 216
25 463

Estimated living cost  is ₽37780 per week

₽25268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44888
₽41412
₽41980
₽40901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
12 615
social contributions
-
-
-
15 560
health
-
-
-
2 652
total
-
-
-
30 827
Employee
73 952
73 952
94 417
-
social contributions
3 594
6 138
7 837
-
income
7 766
6 846
12 370
-
health
735
1 257
1 604
-
total
12 095
14 241
21 811
-
Employer
73 952
73 952
94 417
-
health
801
1 369
1 747
-
social contributions
3 594
6 138
7 837
-
total
4 395
7 507
9 584
-
Corporate
56 317
22 542
-
-
income
7 039
2 818
-
-
total
7 039
2 818
-
-
Dividends
49 278
19 724
-
-
withholding
8 377
3 353
-
-
total
8 377
3 353
-
-
Income
104 000
104 000
104 000
104 000
Total tax
31 906
27 919
31 395
30 827
After tax
72 094
76 081
72 605
73 173
Living cost
31 193
31 193
31 193
31 193
Free-cash
40 901
44 888
41 412
41 980

Estimated living cost  is ₽31193 per week

₽21324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40891
₽42618
₽54374
₽41258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
12 714
unemployment
-
-
-
1 560
health
-
-
-
7 280
pensions
-
-
-
10 400
total
-
-
-
31 954
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.

25 510
10 153
87 029
-
unemployment
383
152
1 305
-
pensions
2 551
1 015
8 703
-
income
3 119
1 241
10 639
-
health
1 786
711
6 092
-
total
7 839
3 119
26 739
-
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.

25 510
10 153
87 029
-
pensions
4 975
1 980
16 971
-
total
4 975
1 980
16 971
-
Corporate
73 515
91 867
-
-
income
6 616
8 268
-
-
total
6 616
8 268
-
-
Dividends
66 899
83 599
-
-
social contributions
12 929
16 186
-
-
withholding
12 711
15 884
-
-
total
25 640
32 070
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 070
45 437
43 710
31 954
After tax
58 930
58 563
60 290
72 046
Living cost
17 672
17 672
17 672
17 672
Free-cash
41 258
40 891
42 618
54 374

Estimated living cost  is ₽17672 per week

₽12060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59971
₽36715
₽32515
₽53995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
13 936
health
-
-
-
13 520
pensions
-
-
-
20 800
total
-
-
-
48 256
Employee
27 283
-
77 727
-
unemployment
436
-
1 243
-
pensions
546
-
1 555
-
income
3 072
-
14 985
-
total
4 054
-
17 783
-
Employer
27 283
-
77 727
-
health
3 546
-
10 105
-
pensions
5 457
-
15 546
-
unemployment
219
-
622
-
total
9 222
-
26 273
-
Corporate
67 495
104 000
-
-
income
13 500
20 800
-
-
total
13 500
20 800
-
-
Dividends
53 996
83 200
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
26 776
20 800
44 056
48 256
After tax
77 224
83 200
59 944
55 744
Living cost
23 229
23 229
23 229
23 229
Free-cash
53 995
59 971
36 715
32 515

Estimated living cost  is ₽23229 per week

₽15933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽13029
₽32656
₽49886
₽5134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
246
income
-
-
-
25 870
other
-
-
-
361
health
-
-
-
2 127
pensions
-
-
-
4 057
total
-
-
-
32 661
Employee
33 747
-
89 566
-
pensions
3 800
-
7 440
-
income
4 630
-
17 761
-
health
3 864
-
10 256
-
total
12 294
-
35 457
-
Employer
33 747
-
89 566
-
pensions
5 487
-
10 743
-
accident
563
-
1 496
-
unemployment
827
-
2 195
-
total
6 877
-
14 434
-
Corporate
63 375
104 000
-
-
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.

57 038
93 600
-
-
total
57 038
93 600
-
-
Dividends
6 338
10 400
-
-
withholding
1 204
1 976
-
-
total
1 204
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
77 413
95 576
49 891
32 661
After tax
26 587
8 424
54 109
71 339
Living cost
21 453
21 453
21 453
21 453
Free-cash
5 134
-13 029
32 656
49 886

Estimated living cost  is ₽21453 per week

₽15723
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.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90907
₽75307
₽95067
₽89428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
104 000
microenterprise

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

-
-
-
1 040
total
-
-
-
1 040
Employee
9 866
-
104 000
-
income
1 973
-
20 800
-
total
1 973
-
20 800
-
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%.

94 134
104 000
-
-
total
-
-
-
-
Dividends
94 134
104 000
-
-
withholding
4 706
5 200
-
-
total
4 706
5 200
-
-
Income
104 000
104 000
104 000
104 000
Total tax
6 679
5 200
20 800
1 040
After tax
97 321
98 800
83 200
102 960
Living cost
7 893
7 893
7 893
7 893
Free-cash
89 428
90 907
75 307
95 067

Estimated living cost  is ₽7893 per week

₽4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50783
₽34889
₽30588
₽44286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
13 312
other
-
-
-
4 940
health
-
-
-
4 575
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.

-
-
-
24 959
total
-
-
-
47 786
Employee
34 919
-
83 069
-
unemployment
349
-
830
-
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.

2 444
-
5 815
-
income
6 012
-
14 746
-
health
489
-
1 163
-
total
9 294
-
22 554
-
Employer
34 919
-
83 069
-
health
489
-
1 163
-
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.

5 937
-
14 120
-
accident
279
-
664
-
unemployment
349
-
830
-
other
1 747
-
4 154
-
total
8 801
-
20 931
-
Corporate
60 281
104 000
-
-
income
12 659
21 840
-
-
total
12 659
21 840
-
-
Dividends
47 622
82 160
-
-
withholding
3 334
5 751
-
-
total
3 334
5 751
-
-
Income
104 000
104 000
104 000
104 000
Total tax
34 088
27 591
43 485
47 786
After tax
69 912
76 409
60 515
56 214
Living cost
25 626
25 626
25 626
25 626
Free-cash
44 286
50 783
34 889
30 588

Estimated living cost  is ₽25626 per week

₽18106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11150
₽573
₽9937
₽963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
22 910
pensions
-
-
-
7 307
total
-
-
-
30 217
Employee
90 332
-
91 444
-
pensions
8 715
-
8 847
-
income
16 283
-
16 666
-
health
1 489
-
1 512
-
total
26 487
-
27 025
-
Employer
90 332
-
91 444
-
health
1 716
-
1 737
-
pensions
10 666
-
10 819
-
total
12 382
-
12 556
-
Corporate
1 287
104 000
-
-
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.

244
19 761
-
-
total
244
19 761
-
-
Dividends
1 043
84 239
-
-
withholding
78
9 243
-
-
total
78
9 243
-
-
Income
104 000
104 000
104 000
104 000
Total tax
39 191
29 004
39 581
30 217
After tax
64 809
74 996
64 419
73 783
Living cost
63 846
63 846
63 846
63 846
Free-cash
963
11 150
573
9 937

Estimated living cost  is ₽63846 per week

₽47841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽76316
₽70205
₽66830
₽71850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
15 600
unemployment
-
-
-
134
health
-
-
-
3 862
pensions

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

-
-
-
4 970
total
-
-
-
24 566
Employee
16 689
-
97 412
-
accident

We are using the highest rate at 1.1%.

184
-
369
-
pensions

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

1 465
-
2 948
-
income
1 669
-
9 742
-
health
768
-
1 545
-
total
4 086
-
14 604
-
Employer
16 689
-
97 412
-
health
1 152
-
2 317
-
pensions

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

1 839
-
3 700
-
accident

We are using the highest rate at 1.1%.

184
-
369
-
unemployment
100
-
201
-
total
3 275
-
6 587
-
Corporate
84 036
104 000
-
-
income
8 404
10 400
-
-
total
8 404
10 400
-
-
Dividends
75 632
93 600
-
-
withholding
3 781
4 680
-
-
total
3 781
4 680
-
-
Income
104 000
104 000
104 000
104 000
Total tax
19 546
15 080
21 191
24 566
After tax
84 454
88 920
82 809
79 434
Living cost
12 604
12 604
12 604
12 604
Free-cash
71 850
76 316
70 205
66 830

Estimated living cost  is ₽12604 per week

₽7358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽900
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₽2816
-₽622
₽5768
-₽775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
21 776
health
-
-
-
11 859
pensions
-
-
-
11 268
total
-
-
-
44 903
Employee
89 164
82 127
88 504
-
pensions
11 268
11 268
11 268
-
income

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

13 443
13 443
13 443
-
health
11 124
10 722
11 085
-
total
35 835
35 433
35 796
-
Employer
89 164
82 127
88 504
-
health
6 196
5 709
6 150
-
pensions
6 205
5 716
6 160
-
unemployment
3 210
2 957
3 187
-
total
15 611
14 382
15 497
-
Corporate
-
7 491
-
-
income
-
1 498
-
-
total
-
1 498
-
-
Dividends
-
5 993
-
-
income
-
1 274
-
-
withholding
-
900
-
-
total
-
2 174
-
-
Income
104 000
104 000
104 000
104 000
Total tax
51 446
53 487
51 293
44 903
After tax
52 554
50 513
52 707
59 097
Living cost
53 329
53 329
53 329
53 329
Free-cash
-775
-2 816
-622
5 768

Estimated living cost  is ₽53329 per week

₽39339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47689
₽28861
₽26738
₽39158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
8 939
social contributions
-
-
-
30 368
solidarity contribution
-
-
-
-
health
-
-
-
14 040
total
-
-
-
53 347
Employee
35 169
-
77 612
-
solidarity contribution
-
-
-
-
social contributions
2 286
-
5 045
-
income
4 220
-
9 313
-
health
4 748
-
10 478
-
total
11 254
-
24 836
-
Employer
35 169
-
77 612
-
health
3 165
-
6 985
-
social contributions
8 792
-
19 403
-
total
11 957
-
26 388
-
Corporate
56 873
104 000
-
-
income
10 806
19 760
-
-
total
10 806
19 760
-
-
Dividends
46 067
84 240
-
-
withholding
6 910
12 636
-
-
total
6 910
12 636
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 927
32 396
51 224
53 347
After tax
63 073
71 604
52 776
50 653
Living cost
23 915
23 915
23 915
23 915
Free-cash
39 158
47 689
28 861
26 738

Estimated living cost  is ₽23915 per week

₽16612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14908
₽7303
₽12251
₽9885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
social contributions
-
-
-
26 748
regional
-
-
-
1 161
municipal
-
-
-
619
national
-
-
-
22 640
total
-
-
-
51 168
Employee
85 472
-
104 000
-
municipal
453
-
551
-
national
14 810
-
19 479
-
regional
806
-
1 018
-
social contributions
28 821
-
35 068
-
total
44 890
-
56 116
-
Employer
85 472
-
104 000
-
total
-
-
-
-
Corporate
18 528
104 000
-
-
municipal
723
4 055
-
-
nationa
4 448
24 959
-
-
total
5 171
29 014
-
-
Dividends
13 358
74 985
-
-
withholding
3 473
19 497
-
-
total
3 473
19 497
-
-
Income
104 000
104 000
104 000
104 000
Total tax
53 534
48 511
56 116
51 168
After tax
50 466
55 489
47 884
52 832
Living cost
40 581
40 581
40 581
40 581
Free-cash
9 885
14 908
7 303
12 251

Estimated living cost  is ₽40581 per week

₽28288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44195
₽29458
₽31246
₽41200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
20 514
other
-
-
-
-
surtax
-
-
-
2 615
unemployment
-
-
-
219
health
-
-
-
7 384
pensions
-
-
-
20 800
total
-
-
-
51 532
Employee
31 804
-
85 916
-
other
-
-
-
-
unemployment
2 214
-
5 979
-
pensions
2 121
-
5 731
-
surtax
104
-
2 356
-
income
5 331
-
18 980
-
health
812
-
2 190
-
total
10 582
-
35 236
-
Employer
31 804
-
85 916
-
health
1 447
-
3 909
-
pensions
4 240
-
11 452
-
unemployment
1 007
-
2 723
-
other
-
-
-
-
total
6 694
-
18 084
-
Corporate
65 502
104 000
-
-
income
17 031
27 040
-
-
total
17 031
27 040
-
-
Dividends
48 471
76 960
-
-
withholding
7 271
11 543
-
-
total
7 271
11 543
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 578
38 583
53 320
51 532
After tax
62 422
65 417
50 680
52 468
Living cost
21 222
21 222
21 222
21 222
Free-cash
41 200
44 195
29 458
31 246

Estimated living cost  is ₽21222 per week

₽12976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31378
₽20801
₽30165
₽26792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
22 910
pensions
-
-
-
7 307
total
-
-
-
30 217
Employee
60 538
-
91 444
-
pensions
5 138
-
8 847
-
income
10 903
-
16 666
-
health
879
-
1 512
-
total
16 920
-
27 025
-
Employer
60 538
-
91 444
-
health
1 150
-
1 737
-
pensions
6 553
-
10 819
-
total
7 703
-
12 556
-
Corporate
35 759
104 000
-
-
income

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

6 795
19 761
-
-
total
6 795
19 761
-
-
Dividends
28 964
84 239
-
-
withholding
2 172
9 243
-
-
total
2 172
9 243
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 590
29 004
39 581
30 217
After tax
70 410
74 996
64 419
73 783
Living cost
43 618
43 618
43 618
43 618
Free-cash
26 792
31 378
20 801
30 165

Estimated living cost  is ₽43618 per week

₽32678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽29225
₽4690
₽9859
₽3627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
other

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

-
-
-
2 080
regional
-
-
-
3 660
health
-
-
-
250
city
-
-
-
1 096
national
-
-
-
706
pensions
-
-
-
9 568
total
-
-
-
17 360
Employee
89 854
-
93 087
-
unemployment
-
-
-
-
pensions
7 549
-
7 819
-
national
425
-
493
-
regional
2 942
-
3 118
-
city
964
-
1 000
-
health
203
-
209
-
total
12 083
-
12 639
-
Employer
89 854
-
93 087
-
health
203
-
209
-
pensions
7 549
-
7 819
-
unemployment
-
-
-
-
other

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

1 797
-
1 862
-
total
9 549
-
9 890
-
Corporate
3 610
104 000
-
-
regional
763
21 996
-
-
national
308
8 841
-
-
total
1 071
30 837
-
-
Dividends
2 539
73 163
-
-
withholding
889
25 607
-
-
total
889
25 607
-
-
Income
104 000
104 000
104 000
104 000
Total tax
23 592
56 444
22 529
17 360
After tax
80 408
47 556
81 471
86 640
Living cost
76 781
76 781
76 781
76 781
Free-cash
3 627
-29 225
4 690
9 859

Estimated living cost  is ₽76781 per week

₽49930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽943
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽7434
₽28939
₽18772
₽23029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income

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

-
-
-
23 160
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.

-
-
-
1 274
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.

-
-
-
6 570
trade
-
-
-
10 167
total
-
-
-
41 171
Employee

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

57 798
-
104 000
-
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.

374
-
1 274
-
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.

6 796
-
23 160
-
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.

6 570
-
6 570
-
total
13 740
-
31 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 202
104 000
-
-
income
6 930
15 601
-
-
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.

381
858
-
-
chamber of commerce
212
292
-
-
trade
7 924
17 836
-
-
total
15 447
34 587
-
-
Dividends
30 755
69 414
-
-
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.

403
934
-
-
withholding
7 324
16 988
-
-
total
7 727
17 922
-
-
Income
104 000
104 000
104 000
104 000
Total tax
36 914
52 509
31 004
41 171
After tax
67 086
51 491
72 996
62 829
Living cost
44 057
44 057
44 057
44 057
Free-cash
23 029
7 434
28 939
18 772

Estimated living cost  is ₽44057 per week

₽32177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3524
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19512
₽31467
₽26760
₽25192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
11 012
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 964
health
-
-
-
2 356
pensions
-
-
-
24 779
total
-
-
-
44 336
Employee
41 160
-
84 030
-
pensions
4 654
-
4 282
-
surtax
-
-
-
-
social contributions
1 174
-
2 394
-
income
2 429
-
12 985
-
total
8 257
-
19 661
-
Employer
41 160
-
84 030
-
health
2 882
-
5 927
-
pensions
6 762
-
7 487
-
unemployment
1 666
-
3 404
-
social contributions
124
-
252
-
other
1 420
-
2 898
-
total
12 854
-
19 968
-
Corporate
49 986
104 000
-
-
income
13 996
29 120
-
-
surtax
-
-
-
-
total
13 996
29 120
-
-
Dividends
35 990
74 880
-
-
surtax
-
-
-
-
social contributions
6 191
12 879
-
-
withholding
4 606
9 585
-
-
total
10 797
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 904
51 584
39 629
44 336
After tax
58 096
52 416
64 371
59 664
Living cost
32 904
32 904
32 904
32 904
Free-cash
25 192
19 512
31 467
26 760

Estimated living cost  is ₽32904 per week

₽20747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22772
₽34727
₽30020
₽28113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
11 012
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 964
health
-
-
-
2 356
pensions
-
-
-
24 779
total
-
-
-
44 336
Employee
36 741
-
84 030
-
pensions
4 156
-
4 282
-
surtax
-
-
-
-
social contributions
1 048
-
2 394
-
income
1 894
-
12 985
-
total
7 098
-
19 661
-
Employer
36 741
-
84 030
-
health
2 571
-
5 927
-
pensions
6 037
-
7 487
-
unemployment
1 487
-
3 404
-
social contributions
110
-
252
-
other
1 268
-
2 898
-
total
11 473
-
19 968
-
Corporate
55 785
104 000
-
-
income
15 621
29 120
-
-
surtax
-
-
-
-
total
15 621
29 120
-
-
Dividends
40 164
74 880
-
-
surtax
-
-
-
-
social contributions
6 910
12 879
-
-
withholding
5 141
9 585
-
-
total
12 051
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
46 243
51 584
39 629
44 336
After tax
57 757
52 416
64 371
59 664
Living cost
29 644
29 644
29 644
29 644
Free-cash
28 113
22 772
34 727
30 020

Estimated living cost  is ₽29644 per week

₽17192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43056
₽46172
₽46394
₽43555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
15 601
social contributions
-
-
-
14 352
health
-
-
-
7 260
total
-
-
-
37 213
Employee
32 608
-
104 000
-
social contributions
4 501
-
14 352
-
income
5 439
-
15 823
-
health
2 276
-
7 260
-
total
12 216
-
37 435
-
Employer
32 608
-
104 000
-
total
-
-
-
-
Corporate
71 392
104 000
-
-
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%.

3 570
5 200
-
-
total
3 570
5 200
-
-
Dividends
67 822
98 800
-
-
social contributions
9 359
13 635
-
-
withholding
10 173
14 819
-
-
health
4 734
6 897
-
-
total
24 266
35 351
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 052
40 551
37 435
37 213
After tax
63 948
63 449
66 565
66 787
Living cost
20 393
20 393
20 393
20 393
Free-cash
43 555
43 056
46 172
46 394

Estimated living cost  is ₽20393 per week

₽13648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24280
-₽3342
₽18130
₽22793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
18 283
surtax
-
-
-
190
unemployment
-
-
-
5 899
chamber of commerce
-
-
-
416
health
-
-
-
7 955
pensions
-
-
-
19 240
total
-
-
-
51 983
Employee
48 063
38 326
80 610
-
other
480
383
807
-
unemployment
1 442
1 150
2 418
-
pensions
4 922
3 924
8 255
-
income
5 471
2 827
16 226
-
health
1 860
1 484
3 119
-
total
14 175
9 768
30 825
-
Employer
48 063
38 326
80 610
-
chamber of commerce
192
153
323
-
health
1 816
1 449
3 048
-
pensions
6 032
4 811
10 116
-
accident
624
498
1 048
-
unemployment
1 442
1 150
2 418
-
surtax
190
190
190
-
payroll
1 442
1 150
2 418
-
other
2 283
1 820
3 829
-
total
14 021
11 221
23 390
-
Corporate
41 917
54 454
76 960
-
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.

10 479
13 613
19 240
-
total
10 479
13 613
19 240
-
Dividends
31 438
40 841
-
-
withholding
8 645
11 231
-
-
total
8 645
11 231
-
-
Income
104 000
104 000
104 000
104 000
Total tax
47 320
45 833
73 455
51 983
After tax
56 680
58 167
30 545
52 017
Living cost
33 887
33 887
33 887
33 887
Free-cash
22 793
24 280
-3 342
18 130

Estimated living cost  is ₽33887 per week

₽22601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23233
₽5007
₽12825
₽8809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
communal

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

-
-
-
5 242
social contributions
-
-
-
16 646
national
-
-
-
34 221
total
-
-
-
56 109
Employee

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

68 793
-
80 552
-
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.

599
-
701
-
communal

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

3 588
-
4 201
-
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.

5 159
-
6 041
-
national
21 150
-
25 749
-
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.

3 232
-
3 787
-
total
33 728
-
40 479
-
Employer

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

68 793
-
80 552
-
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.

4 230
-
4 953
-
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.

6 096
-
7 138
-
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.

894
-
1 046
-
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.

1 004
-
1 175
-
surtax
7 800
-
9 136
-
total
20 024
-
23 448
-
Corporate
15 183
104 000
-
-
income
3 037
20 800
-
-
surtax
60
416
-
-
total
3 097
21 216
-
-
Dividends
12 086
82 784
-
-
withholding

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

3 276
24 485
-
-
total
3 276
24 485
-
-
Income
104 000
104 000
104 000
104 000
Total tax
60 125
45 701
63 927
56 109
After tax
43 875
58 299
40 073
47 891
Living cost
35 066
35 066
35 066
35 066
Free-cash
8 809
23 233
5 007
12 825

Estimated living cost  is ₽35066 per week

₽22587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3066
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35322
₽19642
₽21785
₽27662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
803
income
-
-
-
20 741
other
-
-
-
89
unemployment
-
-
-
624
pensions
-
-
-
25 226
total
-
-
-
47 483
Employee
47 872
-
78 858
-
other
47
-
78
-
unemployment
743
-
1 223
-
pensions
2 250
-
3 707
-
income
10 101
-
19 480
-
total
13 141
-
24 488
-
Employer
47 872
-
78 858
-
pensions
11 297
-
18 610
-
accident
947
-
1 562
-
unemployment
2 634
-
4 336
-
other
381
-
630
-
total
15 259
-
25 138
-
Corporate
40 869
104 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

6 130
15 601
-
-
total
6 130
15 601
-
-
Dividends
34 738
88 399
-
-
withholding
7 076
18 345
-
-
total
7 076
18 345
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 606
33 946
49 626
47 483
After tax
62 394
70 054
54 374
56 517
Living cost
34 732
34 732
34 732
34 732
Free-cash
27 662
35 322
19 642
21 785

Estimated living cost  is ₽34732 per week

₽25576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11113
₽10599
₽6187
₽4180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
communal
-
-
-
6 572
accident
-
-
-
876
income
-
-
-
10 051
surtax
-
-
-
5 156
health
-
-
-
7 306
pensions
-
-
-
15 588
total
-
-
-
45 549
Employee
72 830
-
92 900
-
pensions
5 826
-
7 432
-
surtax
4 464
-
5 694
-
income
7 035
-
12 777
-
health
3 241
-
4 134
-
total
20 566
-
30 037
-
Employer
72 830
-
92 900
-
health
2 221
-
2 832
-
pensions
5 826
-
7 432
-
accident
655
-
836
-
total
8 702
-
11 100
-
Corporate
22 468
104 000
-
-
communal
-
7 019
-
-
income
3 371
15 601
-
-
surtax
235
1 091
-
-
total
3 606
23 711
-
-
Dividends
18 862
80 289
-
-
income
11 853
4 869
-
-
withholding
2 829
12 043
-
-
total
14 682
16 912
-
-
Income
104 000
104 000
104 000
104 000
Total tax
47 556
40 623
41 137
45 549
After tax
56 444
63 377
62 863
58 451
Living cost
52 264
52 264
52 264
52 264
Free-cash
4 180
11 113
10 599
6 187

Estimated living cost  is ₽52264 per week

₽39206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43816
₽29079
₽30867
₽40753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
20 514
other
-
-
-
-
surtax
-
-
-
2 615
unemployment
-
-
-
219
health
-
-
-
7 384
pensions
-
-
-
20 800
total
-
-
-
51 532
Employee
32 387
-
85 916
-
other
-
-
-
-
unemployment
2 254
-
5 979
-
pensions
2 161
-
5 731
-
surtax
115
-
2 356
-
income
5 430
-
18 980
-
health
827
-
2 190
-
total
10 787
-
35 236
-
Employer
32 387
-
85 916
-
health
1 473
-
3 909
-
pensions
4 318
-
11 452
-
unemployment
1 028
-
2 723
-
other
-
-
-
-
total
6 819
-
18 084
-
Corporate
64 794
104 000
-
-
income
16 847
27 040
-
-
total
16 847
27 040
-
-
Dividends
47 947
76 960
-
-
withholding
7 193
11 543
-
-
total
7 193
11 543
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 646
38 583
53 320
51 532
After tax
62 354
65 417
50 680
52 468
Living cost
21 601
21 601
21 601
21 601
Free-cash
40 753
43 816
29 079
30 867

Estimated living cost  is ₽21601 per week

₽13042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽502
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28758
₽21596
₽26518
₽26622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
social contributions
-
-
-
26 748
regional
-
-
-
1 568
municipal
-
-
-
619
national
-
-
-
22 640
total
-
-
-
51 575
Employee
53 348
-
104 000
-
municipal
283
-
551
-
national
8 452
-
19 479
-
regional
718
-
1 399
-
social contributions
17 989
-
35 068
-
total
27 442
-
56 497
-
Employer
53 348
-
104 000
-
total
-
-
-
-
Corporate
50 652
104 000
-
-
municipal
2 517
5 169
-
-
nationa
12 157
24 959
-
-
total
14 674
30 128
-
-
Dividends
35 979
73 872
-
-
withholding
9 355
19 207
-
-
total
9 355
19 207
-
-
Income
104 000
104 000
104 000
104 000
Total tax
51 471
49 335
56 497
51 575
After tax
52 529
54 665
47 503
52 425
Living cost
25 907
25 907
25 907
25 907
Free-cash
26 622
28 758
21 596
26 518

Estimated living cost  is ₽25907 per week

₽16112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42134
₽23306
₽21183
₽31622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
8 939
social contributions
-
-
-
30 368
solidarity contribution
-
-
-
-
health
-
-
-
14 040
total
-
-
-
53 347
Employee
43 338
-
77 612
-
solidarity contribution
-
-
-
-
social contributions
2 817
-
5 045
-
income
5 200
-
9 313
-
health
5 851
-
10 478
-
total
13 868
-
24 836
-
Employer
43 338
-
77 612
-
health
3 900
-
6 985
-
social contributions
10 834
-
19 403
-
total
14 734
-
26 388
-
Corporate
45 927
104 000
-
-
income
8 726
19 760
-
-
total
8 726
19 760
-
-
Dividends
37 201
84 240
-
-
withholding
5 580
12 636
-
-
total
5 580
12 636
-
-
Income
104 000
104 000
104 000
104 000
Total tax
42 908
32 396
51 224
53 347
After tax
61 092
71 604
52 776
50 653
Living cost
29 470
29 470
29 470
29 470
Free-cash
31 622
42 134
23 306
21 183

Estimated living cost  is ₽29470 per week

₽21916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27589
-₽99
₽21525
₽27113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
18 283
surtax
-
-
-
-
unemployment
-
-
-
5 899
chamber of commerce
-
-
-
416
health
-
-
-
7 955
pensions
-
-
-
19 240
total
-
-
-
51 793
Employee
42 040
38 326
80 756
-
other
420
383
807
-
unemployment
1 261
1 150
2 422
-
pensions
4 305
3 924
8 269
-
income
3 745
2 827
16 278
-
health
1 626
1 484
3 124
-
total
11 357
9 768
30 900
-
Employer
42 040
38 326
80 756
-
chamber of commerce
168
153
323
-
health
1 590
1 449
3 053
-
pensions
5 276
4 811
10 134
-
accident
546
498
1 049
-
unemployment
1 261
1 150
2 422
-
surtax
-
-
-
-
payroll
1 261
1 150
2 422
-
other
1 997
1 820
3 836
-
total
12 099
11 031
23 239
-
Corporate
49 862
54 643
77 110
-
income

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

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

12 465
13 660
19 278
-
total
12 465
13 660
19 278
-
Dividends
37 397
40 983
-
-
withholding
10 284
11 270
-
-
total
10 284
11 270
-
-
Income
104 000
104 000
104 000
104 000
Total tax
46 205
45 729
73 417
51 793
After tax
57 795
58 271
30 583
52 207
Living cost
30 682
30 682
30 682
30 682
Free-cash
27 113
27 589
-99
21 525

Estimated living cost  is ₽30682 per week

₽18406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86500
₽70900
₽90660
₽84194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
104 000
microenterprise

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

-
-
-
1 040
total
-
-
-
1 040
Employee
15 375
-
104 000
-
income
3 075
-
20 800
-
total
3 075
-
20 800
-
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%.

88 625
104 000
-
-
total
-
-
-
-
Dividends
88 625
104 000
-
-
withholding
4 431
5 200
-
-
total
4 431
5 200
-
-
Income
104 000
104 000
104 000
104 000
Total tax
7 506
5 200
20 800
1 040
After tax
96 494
98 800
83 200
102 960
Living cost
12 300
12 300
12 300
12 300
Free-cash
84 194
86 500
70 900
90 660

Estimated living cost  is ₽12300 per week

₽8323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45807
₽24686
₽27670
₽37764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
21 153
unemployment
-
-
-
155
health
-
-
-
10 233
pensions
-
-
-
18 993
total
-
-
-
50 534
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.

42 528
-
89 987
-
unemployment
60
-
126
-
pensions
6 592
-
13 949
-
income
7 334
-
19 617
-
health
2 747
-
5 813
-
total
16 733
-
39 505
-
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.

42 528
-
89 987
-
health
2 832
-
5 993
-
pensions
3 763
-
7 965
-
unemployment
26
-
55
-
total
6 621
-
14 013
-
Corporate
54 851
104 000
-
-
income
10 421
19 760
-
-
total
10 421
19 760
-
-
Dividends
44 430
84 240
-
-
withholding
6 665
12 637
-
-
total
6 665
12 637
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 440
32 397
53 518
50 534
After tax
63 560
71 603
50 482
53 466
Living cost
25 796
25 796
25 796
25 796
Free-cash
37 764
45 807
24 686
27 670

Estimated living cost  is ₽25796 per week

₽17703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5941
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21665
₽49705
₽30263
-₽39783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
20 272
social contributions
-
-
-
11 856
total
-
-
-
32 128
Employee
59 661
-
-
-
social contributions
4 892
-
697
-
income
13 160
-
-
-
total
18 052
-
697
-
Employer
59 661
-
-
-
social contributions
84 122
-
11 989
-
total
84 122
-
11 989
-
Corporate
-
104 000
-
-
income
-
22 880
-
-
total
-
22 880
-
-
Dividends
-
81 120
-
-
income
-
17 846
-
-
total
-
17 846
-
-
Income
104 000
104 000
104 000
104 000
Total tax
102 174
40 726
12 686
32 128
After tax
1 826
63 274
91 314
71 872
Living cost
41 609
41 609
41 609
41 609
Free-cash
-39 783
21 665
49 705
30 263

Estimated living cost  is ₽41609 per week

₽26997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28989
₽21844
₽27621
₽28020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
10 073
surtax
-
-
-
-
social contributions

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

-
-
-
36 140
total
-
-
-
46 213
Employee
44 232
-
84 039
-
surtax
-
-
-
-
social contributions
4 866
-
9 244
-
income
9 200
-
22 787
-
total
14 066
-
32 031
-
Employer
44 232
-
84 039
-
social contributions
10 505
-
19 959
-
total
10 505
-
19 959
-
Corporate
49 263
104 000
-
-
income
10 346
21 840
-
-
surtax
-
-
-
-
total
10 346
21 840
-
-
Dividends
38 917
82 160
-
-
withholding
10 897
23 005
-
-
total
10 897
23 005
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 814
44 845
51 990
46 213
After tax
58 186
59 155
52 010
57 787
Living cost
30 166
30 166
30 166
30 166
Free-cash
28 020
28 989
21 844
27 621

Estimated living cost  is ₽30166 per week

₽22570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5966
₽17921
₽13214
₽12576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
11 012
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 964
health
-
-
-
2 356
pensions
-
-
-
24 779
total
-
-
-
44 336
Employee
60 234
-
84 030
-
pensions
6 813
-
4 282
-
surtax
-
-
-
-
social contributions
1 716
-
2 394
-
income
5 256
-
12 985
-
total
13 785
-
19 661
-
Employer
60 234
-
84 030
-
health
4 216
-
5 927
-
pensions
9 897
-
7 487
-
unemployment
2 440
-
3 404
-
social contributions
181
-
252
-
other
2 079
-
2 898
-
total
18 813
-
19 968
-
Corporate
24 953
104 000
-
-
income
6 986
29 120
-
-
surtax
-
-
-
-
total
6 986
29 120
-
-
Dividends
17 967
74 880
-
-
surtax
-
-
-
-
social contributions
3 090
12 879
-
-
withholding
2 300
9 585
-
-
total
5 390
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
44 974
51 584
39 629
44 336
After tax
59 026
52 416
64 371
59 664
Living cost
46 450
46 450
46 450
46 450
Free-cash
12 576
5 966
17 921
13 214

Estimated living cost  is ₽46450 per week

₽31436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3800
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽637
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64692
₽52701
₽49940
₽61460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
2 272
social contributions
-
-
-
22 879
total
-
-
-
25 151
Employee
30 918
-
90 042
-
income
-
-
2 579
-
social contributions
2 009
-
5 853
-
total
2 009
-
8 432
-
Employer
30 918
-
90 042
-
social contributions
4 793
-
13 958
-
total
4 793
-
13 958
-
Corporate
68 289
104 000
-
-
income
6 829
10 399
-
-
total
6 829
10 399
-
-
Dividends
61 460
93 601
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
13 631
10 399
22 390
25 151
After tax
90 369
93 601
81 610
78 849
Living cost
28 909
28 909
28 909
28 909
Free-cash
61 460
64 692
52 701
49 940

Estimated living cost  is ₽28909 per week

₽18692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽105343
-₽105343
₽17764
-₽105343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
labour market
-
-
-
8 253
municipal
-
-
-
19 726
national
-
-
-
11 151
pensions
-
-
-
833
total
-
-
-
39 963
Employee
195 309
195 309
195 309
-
municipal
41 590
41 590
41 590
-
labour market
15 603
15 603
15 603
-
pensions
278
278
278
-
national
23 861
23 861
23 861
-
total
81 332
81 332
81 332
-
Employer
195 309
195 309
195 309
-
national
23 902
23 902
23 902
-
labour market
15 625
15 625
15 625
-
pensions
555
555
555
-
municipal
41 656
41 656
41 656
-
total
81 738
81 738
81 738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
163 070
163 070
163 070
39 963
After tax
-59 070
-59 070
-59 070
64 037
Living cost
46 273
46 273
46 273
46 273
Free-cash
-105 343
-105 343
-105 343
17 764

Estimated living cost  is ₽46273 per week

₽31670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽712
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12713
₽32972
₽50202
₽5182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
246
income
-
-
-
25 870
other
-
-
-
361
health
-
-
-
2 127
pensions
-
-
-
4 057
total
-
-
-
32 661
Employee
33 250
-
89 566
-
pensions
3 744
-
7 440
-
income
4 561
-
17 761
-
health
3 807
-
10 256
-
total
12 112
-
35 457
-
Employer
33 250
-
89 566
-
pensions
5 406
-
10 743
-
accident
555
-
1 496
-
unemployment
815
-
2 195
-
total
6 776
-
14 434
-
Corporate
63 974
104 000
-
-
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.

57 577
93 600
-
-
total
57 577
93 600
-
-
Dividends
6 398
10 400
-
-
withholding
1 216
1 976
-
-
total
1 216
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
77 681
95 576
49 891
32 661
After tax
26 319
8 424
54 109
71 339
Living cost
21 137
21 137
21 137
21 137
Free-cash
5 182
-12 713
32 972
50 202

Estimated living cost  is ₽21137 per week

₽15385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1205
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31630
₽21789
₽36050
₽30347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
104 000
health
-
-
-
1 201
municipal
-
-
-
18 504
national
-
-
-
11 322
total
-
-
-
31 027
Employee
50 598
-
87 491
-
municipal
8 288
-
14 279
-
unemployment
759
-
1 312
-
pensions
3 415
-
5 906
-
national
836
-
6 337
-
health
378
-
945
-
total
13 676
-
28 779
-
Employer
50 598
-
87 491
-
health
389
-
673
-
pensions
8 778
-
15 179
-
accident
51
-
88
-
unemployment
329
-
569
-
total
9 547
-
16 509
-
Corporate
43 855
104 000
-
-
income
8 771
20 800
-
-
total
8 771
20 800
-
-
Dividends

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

26 313
62 400
-
-
municipal
4 736
11 231
-
-
national
-
3 416
-
-
total
4 736
14 647
-
-
Income
104 000
104 000
104 000
104 000
Total tax
36 730
35 447
45 288
31 027
After tax
67 270
68 553
58 712
72 973
Living cost
36 923
36 923
36 923
36 923
Free-cash
30 347
31 630
21 789
36 050

Estimated living cost  is ₽36923 per week

₽24118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3552
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53814
₽50338
₽50906
₽48582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
12 615
social contributions
-
-
-
15 560
health
-
-
-
2 652
total
-
-
-
30 827
Employee
73 952
73 952
94 417
-
social contributions
2 796
6 138
7 837
-
income
8 052
6 846
12 370
-
health
573
1 257
1 604
-
total
11 421
14 241
21 811
-
Employer
73 952
73 952
94 417
-
health
622
1 369
1 747
-
social contributions
2 796
6 138
7 837
-
total
3 418
7 507
9 584
-
Corporate
66 894
22 542
-
-
income
8 362
2 818
-
-
total
8 362
2 818
-
-
Dividends
58 532
19 724
-
-
withholding
9 950
3 353
-
-
total
9 950
3 353
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 151
27 919
31 395
30 827
After tax
70 849
76 081
72 605
73 173
Living cost
22 267
22 267
22 267
22 267
Free-cash
48 582
53 814
50 338
50 906

Estimated living cost  is ₽22267 per week

₽13345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70853
₽49774
₽69064
₽65960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
104 000
income
-
-
-
10 042
unemployment
-
-
-
27
health
-
-
-
3 480
pensions
-
-
-
6 118
total
-
-
-
19 667
Employee

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

22 075
-
94 601
-
unemployment
110
-
456
-
pensions
3 311
-
13 688
-
income
1 509
-
7 658
-
health
1 876
-
7 756
-
total
6 806
-
29 558
-
Employer

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

22 075
-
94 601
-
health
949
-
3 924
-
pensions
1 214
-
5 019
-
unemployment
110
-
456
-
total
2 273
-
9 399
-
Corporate
79 653
104 000
-
-
income
7 169
9 361
-
-
total
7 169
9 361
-
-
Dividends
72 484
94 639
-
-
withholding
6 523
8 517
-
-
total
6 523
8 517
-
-
Income
104 000
104 000
104 000
104 000
Total tax
22 771
17 878
38 957
19 667
After tax
81 229
86 122
65 043
84 333
Living cost
15 269
15 269
15 269
15 269
Free-cash
65 960
70 853
49 774
69 064

Estimated living cost  is ₽15269 per week

₽9742
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.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43608
₽27928
₽30071
₽38564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
803
income
-
-
-
20 741
other
-
-
-
89
unemployment
-
-
-
624
pensions
-
-
-
25 226
total
-
-
-
47 483
Employee
35 561
-
78 858
-
other
35
-
78
-
unemployment
551
-
1 223
-
pensions
1 672
-
3 707
-
income
6 856
-
19 480
-
total
9 114
-
24 488
-
Employer
35 561
-
78 858
-
pensions
8 392
-
18 610
-
accident
704
-
1 562
-
unemployment
1 956
-
4 336
-
other
285
-
630
-
total
11 337
-
25 138
-
Corporate
57 102
104 000
-
-
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.

8 565
15 601
-
-
total
8 565
15 601
-
-
Dividends
48 537
88 399
-
-
withholding
9 974
18 345
-
-
total
9 974
18 345
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 990
33 946
49 626
47 483
After tax
65 010
70 054
54 374
56 517
Living cost
26 446
26 446
26 446
26 446
Free-cash
38 564
43 608
27 928
30 071

Estimated living cost  is ₽26446 per week

₽17851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2542
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63027
₽64500
₽64634
₽62721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
35 146
health
-
-
-
988
pensions
-
-
-
1 363
total
-
-
-
37 497
Employee
2 847
-
102 466
-
unemployment
28
-
68
-
pensions
256
-
614
-
income
551
-
35 074
-
health
142
-
341
-
total
977
-
36 097
-
Employer
2 847
-
102 466
-
health
270
-
648
-
pensions
313
-
750
-
unemployment
57
-
136
-
total
640
-
1 534
-
Corporate
100 512
104 000
-
-
income
22 113
22 880
-
-
total
22 113
22 880
-
-
Dividends
78 400
81 120
-
-
withholding
15 680
16 224
-
-
total
15 680
16 224
-
-
Income
104 000
104 000
104 000
104 000
Total tax
39 410
39 104
37 631
37 497
After tax
64 590
64 896
66 369
66 503
Living cost
1 869
1 869
1 869
1 869
Free-cash
62 721
63 027
64 500
64 634

Estimated living cost  is ₽1869 per week

₽1111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽152
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58511
₽39339
₽39340
₽53781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
21 170
unemployment
-
-
-
1 066
health
-
-
-
7 319
pensions
-
-
-
18 476
total
-
-
-
48 031
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.

25 075
-
91 280
-
unemployment
188
-
533
-
pensions
3 511
-
9 949
-
income
3 456
-
21 170
-
health
1 291
-
3 660
-
total
8 446
-
35 312
-
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.

25 075
-
91 280
-
health
1 291
-
3 660
-
pensions
3 009
-
8 527
-
unemployment
188
-
533
-
total
4 488
-
12 720
-
Corporate
74 436
104 000
-
-
income
11 165
15 600
-
-
total
11 165
15 600
-
-
Dividends
63 271
88 400
-
-
withholding
9 491
13 260
-
-
total
9 491
13 260
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 590
28 860
48 032
48 031
After tax
70 410
75 140
55 968
55 969
Living cost
16 629
16 629
16 629
16 629
Free-cash
53 781
58 511
39 339
39 340

Estimated living cost  is ₽16629 per week

₽11196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33228
₽26083
₽31860
₽32882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
10 073
surtax
-
-
-
-
social contributions

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

-
-
-
36 140
total
-
-
-
46 213
Employee
37 327
-
84 039
-
surtax
-
-
-
-
social contributions
4 106
-
9 244
-
income
7 293
-
22 787
-
total
11 399
-
32 031
-
Employer
37 327
-
84 039
-
social contributions
8 864
-
19 959
-
total
8 864
-
19 959
-
Corporate
57 809
104 000
-
-
income
12 140
21 840
-
-
surtax
-
-
-
-
total
12 140
21 840
-
-
Dividends
45 669
82 160
-
-
withholding
12 788
23 005
-
-
total
12 788
23 005
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 191
44 845
51 990
46 213
After tax
58 809
59 155
52 010
57 787
Living cost
25 927
25 927
25 927
25 927
Free-cash
32 882
33 228
26 083
31 860

Estimated living cost  is ₽25927 per week

₽18364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36255
₽20575
₽22718
₽28921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
803
income
-
-
-
20 741
other
-
-
-
89
unemployment
-
-
-
624
pensions
-
-
-
25 226
total
-
-
-
47 483
Employee
46 447
-
78 858
-
other
46
-
78
-
unemployment
719
-
1 223
-
pensions
2 183
-
3 707
-
income
9 701
-
19 480
-
total
12 649
-
24 488
-
Employer
46 447
-
78 858
-
pensions
10 961
-
18 610
-
accident
920
-
1 562
-
unemployment
2 555
-
4 336
-
other
372
-
630
-
total
14 808
-
25 138
-
Corporate
42 745
104 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

6 411
15 601
-
-
total
6 411
15 601
-
-
Dividends
36 333
88 399
-
-
withholding
7 412
18 345
-
-
total
7 412
18 345
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 280
33 946
49 626
47 483
After tax
62 720
70 054
54 374
56 517
Living cost
33 799
33 799
33 799
33 799
Free-cash
28 921
36 255
20 575
22 718

Estimated living cost  is ₽33799 per week

₽24273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72383
₽66272
₽62897
₽66524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
15 600
unemployment
-
-
-
134
health
-
-
-
3 862
pensions

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

-
-
-
4 970
total
-
-
-
24 566
Employee
21 897
-
97 412
-
accident

We are using the highest rate at 1.1%.

241
-
369
-
pensions

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

1 922
-
2 948
-
income
2 190
-
9 742
-
health
1 007
-
1 545
-
total
5 360
-
14 604
-
Employer
21 897
-
97 412
-
health
1 511
-
2 317
-
pensions

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

2 413
-
3 700
-
accident

We are using the highest rate at 1.1%.

241
-
369
-
unemployment
132
-
201
-
total
4 297
-
6 587
-
Corporate
77 807
104 000
-
-
income
7 781
10 400
-
-
total
7 781
10 400
-
-
Dividends
70 026
93 600
-
-
withholding
3 501
4 680
-
-
total
3 501
4 680
-
-
Income
104 000
104 000
104 000
104 000
Total tax
20 939
15 080
21 191
24 566
After tax
83 061
88 920
82 809
79 434
Living cost
16 537
16 537
16 537
16 537
Free-cash
66 524
72 383
66 272
62 897

Estimated living cost  is ₽16537 per week

₽10937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽947
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16501
₽35867
₽27359
₽29081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income

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

-
-
-
23 160
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.

-
-
-
1 274
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.

-
-
-
6 570
trade
-
-
-
8 508
total
-
-
-
39 512
Employee

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

47 852
-
104 000
-
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.

217
-
1 274
-
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.

3 935
-
23 160
-
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.

6 570
-
6 570
-
total
10 722
-
31 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 148
104 000
-
-
income
8 423
15 601
-
-
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.

464
858
-
-
chamber of commerce
228
299
-
-
trade
8 058
14 923
-
-
total
17 173
31 681
-
-
Dividends
38 977
72 319
-
-
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.

516
975
-
-
withholding
9 379
17 714
-
-
total
9 895
18 689
-
-
Income
104 000
104 000
104 000
104 000
Total tax
37 790
50 370
31 004
39 512
After tax
66 210
53 630
72 996
64 488
Living cost
37 129
37 129
37 129
37 129
Free-cash
29 081
16 501
35 867
27 359

Estimated living cost  is ₽37129 per week

₽25613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18017
₽14099
₽14099
₽20139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
25 704
social contributions
-
-
-
9 413
total
-
-
-
35 117
Employee
75 228
-
104 000
-
income
14 195
-
25 704
-
social contributions
6 250
-
9 413
-
total
20 445
-
35 117
-
Employer
75 228
-
104 000
-
total
-
-
-
-
Corporate
28 772
104 000
-
-
income
3 597
13 000
-
-
total
3 597
13 000
-
-
Dividends
25 175
91 000
-
-
withholding
5 035
18 199
-
-
total
5 035
18 199
-
-
Income
104 000
104 000
104 000
104 000
Total tax
29 077
31 199
35 117
35 117
After tax
74 923
72 801
68 883
68 883
Living cost
54 784
54 784
54 784
54 784
Free-cash
20 139
18 017
14 099
14 099

Estimated living cost  is ₽54784 per week

₽41679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27607
₽41591
₽35824
₽30970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
27 376
health

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

-
-
-
5 889
total
-
-
-
33 265
Employee
44 118
-
99 576
-
income
4 787
-
18 650
-
social contributions
4 420
-
4 424
-
total
9 207
-
23 074
-
Employer
44 118
-
99 576
-
social contributions
4 420
-
4 424
-
total
4 420
-
4 424
-
Corporate
55 462
104 000
-
-
income
19 411
36 401
-
-
total
19 411
36 401
-
-
Dividends
36 050
67 599
-
-
social contributions
5 081
5 081
-
-
total
5 081
5 081
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 119
41 482
27 498
33 265
After tax
65 881
62 518
76 502
70 735
Living cost
34 911
34 911
34 911
34 911
Free-cash
30 970
27 607
41 591
35 824

Estimated living cost  is ₽34911 per week

₽22996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39536
₽28959
₽38323
₽37075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
income
-
-
-
22 910
pensions
-
-
-
7 307
total
-
-
-
30 217
Employee
48 673
-
91 444
-
pensions
3 715
-
8 847
-
income
8 864
-
16 666
-
health
635
-
1 512
-
total
13 214
-
27 025
-
Employer
48 673
-
91 444
-
health
925
-
1 737
-
pensions
4 918
-
10 819
-
total
5 843
-
12 556
-
Corporate
49 484
104 000
-
-
income

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

9 402
19 761
-
-
total
9 402
19 761
-
-
Dividends
40 082
84 239
-
-
withholding
3 006
9 243
-
-
total
3 006
9 243
-
-
Income
104 000
104 000
104 000
104 000
Total tax
31 465
29 004
39 581
30 217
After tax
72 535
74 996
64 419
73 783
Living cost
35 460
35 460
35 460
35 460
Free-cash
37 075
39 536
28 959
38 323

Estimated living cost  is ₽35460 per week

₽24325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14805
₽30880
₽48110
₽4862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
accident
-
-
-
246
income
-
-
-
25 870
other
-
-
-
361
health
-
-
-
2 127
pensions
-
-
-
4 057
total
-
-
-
32 661
Employee
36 541
-
89 566
-
pensions
4 115
-
7 440
-
income
5 013
-
17 761
-
health
4 184
-
10 256
-
total
13 312
-
35 457
-
Employer
36 541
-
89 566
-
pensions
5 941
-
10 743
-
accident
610
-
1 496
-
unemployment
895
-
2 195
-
total
7 446
-
14 434
-
Corporate
60 013
104 000
-
-
income

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

54 011
93 600
-
-
total
54 011
93 600
-
-
Dividends
6 001
10 400
-
-
withholding
1 140
1 976
-
-
total
1 140
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
75 909
95 576
49 891
32 661
After tax
28 091
8 424
54 109
71 339
Living cost
23 229
23 229
23 229
23 229
Free-cash
4 862
-14 805
30 880
48 110

Estimated living cost  is ₽23229 per week

₽17048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74545
₽53751
₽46267
₽70759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
104 000
income
-
-
-
16 162
unemployment
-
-
-
1 248
work injury
-
-
-
520
health insurance
-
-
-
7 696
pensions
-
-
-
19 136
total
-
-
-
44 762
Employee

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

20 754
-
104 000
-
health insurance
1 536
-
5 682
-
unemployment
249
-
921
-
work injury
104
-
384
-
pensions
3 819
-
14 129
-
income
2 075
-
16 162
-
total
7 783
-
37 278
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 246
104 000
-
-
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%.

-
1 040
-
-
total
-
1 040
-
-
Dividends
83 246
102 960
-
-
withholding
12 487
15 444
-
-
total
12 487
15 444
-
-
Income
104 000
104 000
104 000
104 000
Total tax
20 270
16 484
37 278
44 762
After tax
83 730
87 516
66 722
59 238
Living cost
12 971
12 971
12 971
12 971
Free-cash
70 759
74 545
53 751
46 267

Estimated living cost  is ₽12971 per week

₽8036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16468
₽8697
₽13455
₽12093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
104 000
social contributions
-
-
-
26 748
regional
-
-
-
2 149
municipal
-
-
-
695
national
-
-
-
22 640
total
-
-
-
52 232
Employee
81 041
-
104 000
-
municipal
484
-
621
-
national
13 695
-
19 479
-
regional
1 224
-
1 822
-
social contributions
27 326
-
35 068
-
total
42 729
-
56 990
-
Employer
81 041
-
104 000
-
total
-
-
-
-
Corporate
22 959
104 000
-
-
municipal
1 106
5 013
-
-
nationa
5 510
24 959
-
-
total
6 616
29 972
-
-
Dividends
16 343
74 027
-
-
withholding
4 249
19 247
-
-
total
4 249
19 247
-
-
Income
104 000
104 000
104 000
104 000
Total tax
53 594
49 219
56 990
52 232
After tax
50 406
54 781
47 010
51 768
Living cost
38 313
38 313
38 313
38 313
Free-cash
12 093
16 468
8 697
13 455

Estimated living cost  is ₽38313 per week

₽26912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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