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
₽24135
₽44232
₽34724
₽34513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 638
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.

-
-
-
1 300
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.

-
-
-
6 410
trade
-
-
-
9 508
total
-
-
-
40 856
Employee

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

35 888
-
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.

55
-
1 300
-
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.

1 002
-
23 638
-
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.

6 410
-
6 410
-
total
7 467
-
31 348
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 112
104 000
-
-
income
10 217
15 600
-
-
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.

563
858
-
-
chamber of commerce
240
292
-
-
trade
10 728
16 380
-
-
total
21 748
33 130
-
-
Dividends
46 363
70 870
-
-
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.

618
954
-
-
withholding
11 234
17 361
-
-
total
11 852
18 315
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 067
51 445
31 348
40 856
After tax
62 933
52 555
72 652
63 144
Living cost
28 420
28 420
28 420
28 420
Free-cash
34 513
24 135
44 232
34 724

Estimated living cost  is ₽28420 per week

₽17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3314
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14940
₽13471
₽12655
₽14110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 900
national
-
-
-
16 891
pensions
-
-
-
12 480
total
-
-
-
41 389
Employee
77 442
-
89 907
-
municipal
9 565
-
11 303
-
pensions
3 098
-
3 596
-
national
14 822
-
17 515
-
total
27 485
-
32 414
-
Employer
77 442
-
89 907
-
pensions
6 195
-
7 193
-
social contributions
832
-
966
-
total
7 027
-
8 159
-
Corporate
14 419
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%.

2 884
20 800
-
-
total
2 884
20 800
-
-
Dividends
11 536
83 200
-
-
withholding
2 538
18 304
-
-
total
2 538
18 304
-
-
Income
104 000
104 000
104 000
104 000
Total tax
39 934
39 104
40 573
41 389
After tax
64 066
64 896
63 427
62 611
Living cost
49 956
49 956
49 956
49 956
Free-cash
14 110
14 940
13 471
12 655

Estimated living cost  is ₽49956 per week

₽33955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63680
₽38984
₽35881
₽55982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 162
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.

-
-
-
33 436
microenterprise
-
-
-
-
total
-
-
-
48 598
Employee
27 418
-
83 810
-
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.

3 016
-
9 218
-
income
4 881
-
16 087
-
total
7 897
-
25 305
-
Employer
27 418
-
83 810
-
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.

6 604
-
20 190
-
surtax
-
-
-
-
total
6 604
-
20 190
-
Corporate
69 978
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%.

13 996
20 799
-
-
total
13 996
20 799
-
-
Dividends

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

55 982
83 201
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
28 497
20 799
45 495
48 598
After tax
75 503
83 201
58 505
55 402
Living cost
19 521
19 521
19 521
19 521
Free-cash
55 982
63 680
38 984
35 881

Estimated living cost  is ₽19521 per week

₽12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
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.
₽4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11268
₽14151
₽19919
₽5521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 211
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
44 774
Employee
80 127
80 127
88 505
-
pensions
14 423
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
12 299
10 461
10 938
-
total
39 838
34 570
35 047
-
Employer
80 127
80 127
88 505
-
health
5 570
5 570
6 150
-
pensions
5 577
5 577
6 159
-
unemployment
2 885
2 885
3 186
-
total
14 032
14 032
15 495
-
Corporate
10 824
9 841
-
-
income
2 165
1 968
-
-
total
2 165
1 968
-
-
Dividends
8 659
7 874
-
-
income
1 839
1 674
-
-
withholding
1 298
1 181
-
-
total
3 137
2 855
-
-
Income
104 000
104 000
104 000
104 000
Total tax
59 172
53 425
50 542
44 774
After tax
44 828
50 575
53 458
59 226
Living cost
39 307
39 307
39 307
39 307
Free-cash
5 521
11 268
14 151
19 919

Estimated living cost  is ₽39307 per week

₽27856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19300
₽17740
₽18274
₽18458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
164
other
-
-
-
9 546
unemployment
-
-
-
82
health
-
-
-
5 126
municipal
-
-
-
23 916
national
-
-
-
527
pensions
-
-
-
8 881
total
-
-
-
48 242
Employee
53 411
-
79 136
-
municipal
15 927
-
23 598
-
national
-
-
314
-
total
15 927
-
23 912
-
Employer
53 411
-
79 136
-
health
3 285
-
4 867
-
pensions
5 774
-
8 555
-
accident
107
-
158
-
unemployment
1 410
-
2 089
-
other
6 206
-
9 195
-
total
16 782
-
24 864
-
Corporate
33 807
104 000
-
-
income
7 438
22 880
-
-
total
7 438
22 880
-
-
Dividends
26 369
81 120
-
-
withholding
7 911
24 336
-
-
total
7 911
24 336
-
-
Income
104 000
104 000
104 000
104 000
Total tax
48 058
47 216
48 776
48 242
After tax
55 942
56 784
55 224
55 758
Living cost
37 484
37 484
37 484
37 484
Free-cash
18 458
19 300
17 740
18 274

Estimated living cost  is ₽37484 per week

₽24843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15158
₽35792
₽25859
₽28343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 638
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.

-
-
-
1 300
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.

-
-
-
6 410
trade
-
-
-
9 932
total
-
-
-
41 280
Employee

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

47 583
-
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.

224
-
1 300
-
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.

4 088
-
23 638
-
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.

6 410
-
6 410
-
total
10 722
-
31 348
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 417
104 000
-
-
income
8 463
15 600
-
-
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.

465
858
-
-
chamber of commerce
223
290
-
-
trade
9 281
17 108
-
-
total
18 432
33 856
-
-
Dividends
37 986
70 143
-
-
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.

502
946
-
-
withholding
9 140
17 179
-
-
total
9 642
18 125
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 796
51 981
31 348
41 280
After tax
65 204
52 019
72 652
62 720
Living cost
36 860
36 860
36 860
36 860
Free-cash
28 343
15 158
35 792
25 859

Estimated living cost  is ₽36860 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45635
₽41853
₽42686
₽41743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 048
social contributions
-
-
-
15 181
health
-
-
-
2 651
total
-
-
-
30 880
Employee
72 151
72 151
94 417
-
social contributions
3 506
5 988
7 836
-
income
7 576
6 679
12 690
-
health
718
1 227
1 604
-
total
11 800
13 894
22 130
-
Employer
72 151
72 151
94 417
-
health
782
1 335
1 747
-
social contributions
3 506
5 988
7 836
-
total
4 288
7 323
9 583
-
Corporate
57 478
24 525
-
-
income
7 185
3 066
-
-
total
7 185
3 066
-
-
Dividends
50 294
21 459
-
-
withholding
8 550
3 648
-
-
total
8 550
3 648
-
-
Income
104 000
104 000
104 000
104 000
Total tax
31 823
27 931
31 713
30 880
After tax
72 177
76 069
72 287
73 120
Living cost
30 434
30 434
30 434
30 434
Free-cash
41 743
45 635
41 853
42 686

Estimated living cost  is ₽30434 per week

₽20805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41729
₽43473
₽55229
₽42078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

24 275
9 661
87 029
-
unemployment
364
145
1 305
-
pensions
2 428
966
8 703
-
income
2 968
1 181
10 639
-
health
1 699
676
6 092
-
total
7 459
2 968
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.

24 275
9 661
87 029
-
pensions
4 734
1 884
16 971
-
total
4 734
1 884
16 971
-
Corporate
74 991
92 455
-
-
income
6 749
8 321
-
-
total
6 749
8 321
-
-
Dividends
68 242
84 134
-
-
social contributions
13 197
16 296
-
-
withholding
12 966
15 985
-
-
total
26 163
32 281
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 105
45 454
43 710
31 954
After tax
58 895
58 546
60 290
72 046
Living cost
16 817
16 817
16 817
16 817
Free-cash
42 078
41 729
43 473
55 229

Estimated living cost  is ₽16817 per week

₽11476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60537
₽37282
₽33080
₽54706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 937
health
-
-
-
13 520
pensions
-
-
-
20 799
total
-
-
-
48 256
Employee
26 618
-
77 729
-
unemployment
426
-
1 243
-
pensions
532
-
1 554
-
income
2 997
-
14 986
-
total
3 955
-
17 783
-
Employer
26 618
-
77 729
-
health
3 460
-
10 105
-
pensions
5 324
-
15 545
-
unemployment
214
-
621
-
total
8 998
-
26 271
-
Corporate
68 384
104 000
-
-
income
13 677
20 799
-
-
total
13 677
20 799
-
-
Dividends
54 707
83 201
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
26 630
20 799
44 054
48 256
After tax
77 370
83 201
59 946
55 744
Living cost
22 664
22 664
22 664
22 664
Free-cash
54 706
60 537
37 282
33 080

Estimated living cost  is ₽22664 per week

₽15545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
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.
₽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 Tallinn model

Close
Gdansk , Poland
-₽12524
₽33305
₽50376
₽5212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
26 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
32 676
Employee
32 952
-
89 810
-
pensions
3 710
-
7 264
-
income
4 521
-
18 010
-
health
3 773
-
10 283
-
total
12 004
-
35 557
-
Employer
32 952
-
89 810
-
pensions
5 358
-
10 490
-
accident
550
-
1 500
-
unemployment
807
-
2 200
-
total
6 715
-
14 190
-
Corporate
64 332
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.

57 899
93 600
-
-
total
57 899
93 600
-
-
Dividends
6 433
10 400
-
-
withholding
1 222
1 976
-
-
total
1 222
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
77 840
95 576
49 747
32 676
After tax
26 160
8 424
54 253
71 324
Living cost
20 948
20 948
20 948
20 948
Free-cash
5 212
-12 524
33 305
50 376

Estimated living cost  is ₽20948 per week

₽15353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91239
₽75639
₽95399
₽89821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 450
-
104 000
-
income
1 890
-
20 800
-
total
1 890
-
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%.

94 550
104 000
-
-
total
-
-
-
-
Dividends
94 550
104 000
-
-
withholding
4 728
5 200
-
-
total
4 728
5 200
-
-
Income
104 000
104 000
104 000
104 000
Total tax
6 618
5 200
20 800
1 040
After tax
97 382
98 800
83 200
102 960
Living cost
7 561
7 561
7 561
7 561
Free-cash
89 821
91 239
75 639
95 399

Estimated living cost  is ₽7561 per week

₽4685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51408
₽35415
₽31112
₽45072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 412
other
-
-
-
4 939
health
-
-
-
4 576
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
-
-
-
47 886
Employee
34 069
-
83 065
-
unemployment
340
-
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.

2 384
-
5 814
-
income
5 865
-
14 845
-
health
477
-
1 163
-
total
9 066
-
22 652
-
Employer
34 069
-
83 065
-
health
477
-
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.

5 792
-
14 120
-
accident
272
-
664
-
unemployment
340
-
830
-
other
1 704
-
4 154
-
total
8 585
-
20 931
-
Corporate
61 345
104 000
-
-
income
12 883
21 839
-
-
total
12 883
21 839
-
-
Dividends
48 462
82 161
-
-
withholding
3 392
5 751
-
-
total
3 392
5 751
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 926
27 590
43 583
47 886
After tax
70 074
76 410
60 417
56 114
Living cost
25 002
25 002
25 002
25 002
Free-cash
45 072
51 408
35 415
31 112

Estimated living cost  is ₽25002 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11980
₽1406
₽10870
₽2363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 233
pensions
-
-
-
7 211
total
-
-
-
30 444
Employee
88 691
-
91 416
-
pensions
8 556
-
8 882
-
income
15 987
-
16 925
-
health
1 461
-
1 517
-
total
26 004
-
27 324
-
Employer
88 691
-
91 416
-
health
1 684
-
1 736
-
pensions
10 472
-
10 848
-
total
12 156
-
12 584
-
Corporate
3 153
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.

599
19 761
-
-
total
599
19 761
-
-
Dividends
2 554
84 239
-
-
withholding
192
9 573
-
-
total
192
9 573
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 951
29 334
39 908
30 444
After tax
65 049
74 666
64 092
73 556
Living cost
62 686
62 686
62 686
62 686
Free-cash
2 363
11 980
1 406
10 870

Estimated living cost  is ₽62686 per week

₽46972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7365
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.
₽7840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽76621
₽70771
₽67352
₽72264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
24 349
Employee
16 286
-
97 571
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 877
-
income
1 628
-
9 757
-
health
749
-
1 507
-
total
3 986
-
14 501
-
Employer
16 286
-
97 571
-
health
1 124
-
2 261
-
pensions

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

1 795
-
3 611
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
unemployment
97
-
197
-
total
3 195
-
6 429
-
Corporate
84 518
104 000
-
-
income
8 452
10 400
-
-
total
8 452
10 400
-
-
Dividends
76 066
93 600
-
-
withholding
3 804
4 680
-
-
total
3 804
4 680
-
-
Income
104 000
104 000
104 000
104 000
Total tax
19 437
15 080
20 930
24 349
After tax
84 563
88 920
83 070
79 651
Living cost
12 299
12 299
12 299
12 299
Free-cash
72 264
76 621
70 771
67 352

Estimated living cost  is ₽12299 per week

₽7181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽1455
₽1428
₽7196
₽906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 211
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
44 774
Employee
86 993
80 127
88 505
-
pensions
10 993
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
10 853
10 461
10 938
-
total
34 962
34 570
35 047
-
Employer
86 993
80 127
88 505
-
health
6 045
5 570
6 150
-
pensions
6 054
5 577
6 159
-
unemployment
3 132
2 885
3 186
-
total
15 231
14 032
15 495
-
Corporate
1 776
9 841
-
-
income
354
1 968
-
-
total
354
1 968
-
-
Dividends
1 422
7 874
-
-
income
303
1 674
-
-
withholding
214
1 181
-
-
total
517
2 855
-
-
Income
104 000
104 000
104 000
104 000
Total tax
51 064
53 425
50 542
44 774
After tax
52 936
50 575
53 458
59 226
Living cost
52 030
52 030
52 030
52 030
Free-cash
906
-1 455
1 428
7 196

Estimated living cost  is ₽52030 per week

₽38381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48593
₽29765
₽27642
₽40383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 839
-
77 612
-
solidarity contribution
-
-
-
-
social contributions
2 200
-
5 045
-
income
4 061
-
9 313
-
health
4 568
-
10 478
-
total
10 829
-
24 836
-
Employer
33 839
-
77 612
-
health
3 045
-
6 985
-
social contributions
8 460
-
19 403
-
total
11 505
-
26 388
-
Corporate
58 656
104 000
-
-
income
11 145
19 760
-
-
total
11 145
19 760
-
-
Dividends
47 511
84 240
-
-
withholding
7 127
12 636
-
-
total
7 127
12 636
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 606
32 396
51 224
53 347
After tax
63 394
71 604
52 776
50 653
Living cost
23 011
23 011
23 011
23 011
Free-cash
40 383
48 593
29 765
27 642

Estimated living cost  is ₽23011 per week

₽15983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15894
₽8122
₽13073
₽10995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 166
municipal
-
-
-
618
national
-
-
-
22 802
total
-
-
-
51 334
Employee
83 391
-
104 000
-
municipal
442
-
552
-
national
14 450
-
19 642
-
regional
787
-
1 022
-
social contributions
28 119
-
35 069
-
total
43 798
-
56 285
-
Employer
83 391
-
104 000
-
total
-
-
-
-
Corporate
20 609
104 000
-
-
municipal
803
4 056
-
-
nationa
4 947
24 961
-
-
total
5 750
29 017
-
-
Dividends
14 860
74 983
-
-
withholding
3 864
19 496
-
-
total
3 864
19 496
-
-
Income
104 000
104 000
104 000
104 000
Total tax
53 412
48 513
56 285
51 334
After tax
50 588
55 487
47 715
52 666
Living cost
39 593
39 593
39 593
39 593
Free-cash
10 995
15 894
8 122
13 073

Estimated living cost  is ₽39593 per week

₽27599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44711
₽29661
₽31363
₽41792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 846
other
-
-
-
-
surtax
-
-
-
2 689
unemployment
-
-
-
214
health
-
-
-
7 384
pensions
-
-
-
20 799
total
-
-
-
51 932
Employee
31 029
-
85 913
-
other
-
-
-
-
unemployment
2 160
-
5 979
-
pensions
2 069
-
5 730
-
surtax
101
-
2 420
-
income
5 201
-
19 229
-
health
792
-
2 190
-
total
10 323
-
35 548
-
Employer
31 029
-
85 913
-
health
1 412
-
3 910
-
pensions
4 136
-
11 453
-
unemployment
983
-
2 723
-
other
-
-
-
-
total
6 531
-
18 086
-
Corporate
66 440
104 000
-
-
income
17 274
27 040
-
-
total
17 274
27 040
-
-
Dividends
49 166
76 960
-
-
withholding
7 375
11 544
-
-
total
7 375
11 544
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 503
38 584
53 634
51 932
After tax
62 497
65 416
50 366
52 068
Living cost
20 705
20 705
20 705
20 705
Free-cash
41 792
44 711
29 661
31 363

Estimated living cost  is ₽20705 per week

₽12660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31841
₽21267
₽30731
₽27722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 233
pensions
-
-
-
7 211
total
-
-
-
30 444
Employee
59 438
-
91 416
-
pensions
5 045
-
8 882
-
income
10 705
-
16 925
-
health
863
-
1 517
-
total
16 613
-
27 324
-
Employer
59 438
-
91 416
-
health
1 129
-
1 736
-
pensions
6 434
-
10 848
-
total
7 563
-
12 584
-
Corporate
36 998
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.

7 029
19 761
-
-
total
7 029
19 761
-
-
Dividends
29 970
84 239
-
-
withholding
2 248
9 573
-
-
total
2 248
9 573
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 453
29 334
39 908
30 444
After tax
70 547
74 666
64 092
73 556
Living cost
42 825
42 825
42 825
42 825
Free-cash
27 722
31 841
21 267
30 731

Estimated living cost  is ₽42825 per week

₽32084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3210
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.
₽7082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽26530
₽7249
₽12402
₽5170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 760
health
-
-
-
242
city
-
-
-
1 096
national
-
-
-
767
pensions
-
-
-
9 567
total
-
-
-
17 512
Employee
86 700
-
93 087
-
unemployment
-
-
-
-
pensions
7 284
-
7 819
-
national
410
-
554
-
regional
2 839
-
3 193
-
city
930
-
1 001
-
health
196
-
209
-
total
11 659
-
12 776
-
Employer
86 700
-
93 087
-
health
196
-
209
-
pensions
7 284
-
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.

1 733
-
1 861
-
total
9 213
-
9 889
-
Corporate
7 134
104 000
-
-
regional
1 509
21 996
-
-
national
607
8 840
-
-
total
2 116
30 836
-
-
Dividends
5 018
73 163
-
-
withholding
1 756
25 608
-
-
total
1 756
25 608
-
-
Income
104 000
104 000
104 000
104 000
Total tax
24 744
56 444
22 665
17 512
After tax
79 256
47 556
81 335
86 488
Living cost
74 086
74 086
74 086
74 086
Free-cash
5 170
-26 530
7 249
12 402

Estimated living cost  is ₽74086 per week

₽48177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽910
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽8501
₽29668
₽19314
₽23713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 638
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.

-
-
-
1 300
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.

-
-
-
6 410
trade
-
-
-
10 354
total
-
-
-
41 702
Employee

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

56 390
-
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.

365
-
1 300
-
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.

6 631
-
23 638
-
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.

6 410
-
6 410
-
total
13 406
-
31 348
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 610
104 000
-
-
income
7 142
15 600
-
-
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.

394
858
-
-
chamber of commerce
210
288
-
-
trade
8 166
17 836
-
-
total
15 912
34 582
-
-
Dividends
31 698
69 417
-
-
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.

417
935
-
-
withholding
7 568
16 998
-
-
total
7 985
17 933
-
-
Income
104 000
104 000
104 000
104 000
Total tax
37 303
52 515
31 348
41 702
After tax
66 697
51 485
72 652
62 298
Living cost
42 984
42 984
42 984
42 984
Free-cash
23 713
8 501
29 668
19 314

Estimated living cost  is ₽42984 per week

₽31394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20313
₽31822
₽27497
₽25855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 344
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 963
health
-
-
-
2 484
pensions
-
-
-
24 384
total
-
-
-
44 400
Employee
40 158
-
83 829
-
pensions
4 541
-
4 363
-
surtax
-
-
-
-
social contributions
1 145
-
2 388
-
income
2 370
-
13 155
-
total
8 056
-
19 906
-
Employer
40 158
-
83 829
-
health
2 812
-
6 021
-
pensions
6 597
-
7 609
-
unemployment
1 626
-
3 396
-
social contributions
121
-
251
-
other
1 385
-
2 892
-
total
12 541
-
20 169
-
Corporate
51 301
104 000
-
-
income
14 364
29 120
-
-
surtax
-
-
-
-
total
14 364
29 120
-
-
Dividends
36 937
74 880
-
-
surtax
-
-
-
-
social contributions
6 353
12 879
-
-
withholding
4 728
9 585
-
-
total
11 081
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
46 042
51 584
40 075
44 400
After tax
57 958
52 416
63 925
59 600
Living cost
32 103
32 103
32 103
32 103
Free-cash
25 855
20 313
31 822
27 497

Estimated living cost  is ₽32103 per week

₽20242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23494
₽35003
₽30678
₽28708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 344
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 963
health
-
-
-
2 484
pensions
-
-
-
24 384
total
-
-
-
44 400
Employee
35 847
-
83 829
-
pensions
4 054
-
4 363
-
surtax
-
-
-
-
social contributions
1 022
-
2 388
-
income
1 848
-
13 155
-
total
6 924
-
19 906
-
Employer
35 847
-
83 829
-
health
2 509
-
6 021
-
pensions
5 890
-
7 609
-
unemployment
1 451
-
3 396
-
social contributions
107
-
251
-
other
1 238
-
2 892
-
total
11 195
-
20 169
-
Corporate
56 959
104 000
-
-
income
15 949
29 120
-
-
surtax
-
-
-
-
total
15 949
29 120
-
-
Dividends
41 010
74 880
-
-
surtax
-
-
-
-
social contributions
7 053
12 879
-
-
withholding
5 249
9 585
-
-
total
12 302
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
46 370
51 584
40 075
44 400
After tax
57 630
52 416
63 925
59 600
Living cost
28 922
28 922
28 922
28 922
Free-cash
28 708
23 494
35 003
30 678

Estimated living cost  is ₽28922 per week

₽16773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
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.
₽8663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43555
₽46547
₽46892
₽44041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
14 352
health
-
-
-
7 260
total
-
-
-
37 212
Employee
31 814
-
104 000
-
social contributions
4 391
-
14 352
-
income
5 306
-
15 945
-
health
2 220
-
7 260
-
total
11 917
-
37 557
-
Employer
31 814
-
104 000
-
total
-
-
-
-
Corporate
72 186
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%.

3 609
5 199
-
-
total
3 609
5 199
-
-
Dividends
68 577
98 801
-
-
social contributions
9 464
13 634
-
-
withholding
10 287
14 820
-
-
health
4 786
6 896
-
-
total
24 537
35 350
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 063
40 549
37 557
37 212
After tax
63 937
63 451
66 443
66 788
Living cost
19 896
19 896
19 896
19 896
Free-cash
44 041
43 555
46 547
46 892

Estimated living cost  is ₽19896 per week

₽13315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25065
-₽2819
₽18763
₽23615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 623
surtax
-
-
-
185
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
417
health
-
-
-
7 956
pensions
-
-
-
19 239
total
-
-
-
52 175
Employee
46 892
37 393
80 613
-
other
468
374
807
-
unemployment
1 407
1 122
2 418
-
pensions
4 802
3 828
8 255
-
income
5 338
2 758
16 508
-
health
1 814
1 448
3 120
-
total
13 829
9 530
31 108
-
Employer
46 892
37 393
80 613
-
chamber of commerce
187
150
322
-
health
1 772
1 414
3 047
-
pensions
5 885
4 694
10 117
-
accident
609
486
1 049
-
unemployment
1 407
1 122
2 418
-
surtax
185
185
185
-
payroll
1 407
1 122
2 418
-
other
2 228
1 775
3 830
-
total
13 680
10 948
23 386
-
Corporate
43 429
55 660
77 052
-
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.

10 858
13 915
19 263
-
total
10 858
13 915
19 263
-
Dividends
32 571
41 745
-
-
withholding
8 956
11 480
-
-
total
8 956
11 480
-
-
Income
104 000
104 000
104 000
104 000
Total tax
47 323
45 873
73 757
52 175
After tax
56 677
58 127
30 243
51 825
Living cost
33 062
33 062
33 062
33 062
Free-cash
23 615
25 065
-2 819
18 763

Estimated living cost  is ₽33062 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24078
₽5719
₽13395
₽10008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 233
social contributions
-
-
-
16 773
national
-
-
-
34 387
total
-
-
-
56 393
Employee

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

67 117
-
80 553
-
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.

584
-
702
-
communal

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

3 501
-
4 202
-
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.

5 034
-
6 042
-
national
20 635
-
25 889
-
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.

3 153
-
3 786
-
total
32 907
-
40 621
-
Employer

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

67 117
-
80 553
-
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.

4 127
-
4 954
-
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.

5 947
-
7 137
-
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.

872
-
1 047
-
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.

979
-
1 175
-
surtax
7 610
-
9 135
-
total
19 535
-
23 448
-
Corporate
17 346
104 000
-
-
income
3 469
20 799
-
-
surtax
69
417
-
-
total
3 538
21 216
-
-
Dividends
13 808
82 784
-
-
withholding

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

3 800
24 494
-
-
total
3 800
24 494
-
-
Income
104 000
104 000
104 000
104 000
Total tax
59 780
45 710
64 069
56 393
After tax
44 220
58 290
39 931
47 607
Living cost
34 212
34 212
34 212
34 212
Free-cash
10 008
24 078
5 719
13 395

Estimated living cost  is ₽34212 per week

₽22037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36163
₽20296
₽22851
₽28690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
21 172
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
47 263
Employee
46 707
-
78 858
-
other
46
-
78
-
unemployment
725
-
1 221
-
pensions
2 195
-
3 705
-
income
9 855
-
19 671
-
total
12 821
-
24 675
-
Employer
46 707
-
78 858
-
pensions
11 022
-
18 611
-
accident
924
-
1 562
-
unemployment
2 569
-
4 338
-
other
372
-
632
-
total
14 887
-
25 143
-
Corporate
42 406
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.

6 360
15 600
-
-
total
6 360
15 600
-
-
Dividends
36 045
88 400
-
-
withholding
7 356
18 351
-
-
total
7 356
18 351
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 424
33 951
49 818
47 263
After tax
62 576
70 049
54 182
56 737
Living cost
33 886
33 886
33 886
33 886
Free-cash
28 690
36 163
20 296
22 851

Estimated living cost  is ₽33886 per week

₽24953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12299
₽11432
₽7092
₽5409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 415
surtax
-
-
-
5 157
health
-
-
-
7 308
pensions
-
-
-
15 589
total
-
-
-
45 917
Employee
71 057
-
92 898
-
pensions
5 684
-
7 432
-
surtax
4 355
-
5 693
-
income
6 863
-
13 217
-
health
3 162
-
4 133
-
total
20 064
-
30 475
-
Employer
71 057
-
92 898
-
health
2 167
-
2 833
-
pensions
5 684
-
7 432
-
accident
639
-
837
-
total
8 490
-
11 102
-
Corporate
24 453
104 000
-
-
communal
-
7 019
-
-
income
3 668
15 600
-
-
surtax
256
1 092
-
-
total
3 924
23 711
-
-
Dividends
20 529
80 289
-
-
income
12 043
4 955
-
-
withholding
3 079
12 044
-
-
total
15 122
16 999
-
-
Income
104 000
104 000
104 000
104 000
Total tax
47 600
40 710
41 577
45 917
After tax
56 400
63 290
62 423
58 083
Living cost
50 991
50 991
50 991
50 991
Free-cash
5 409
12 299
11 432
7 092

Estimated living cost  is ₽50991 per week

₽38251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44341
₽29291
₽30993
₽41357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 846
other
-
-
-
-
surtax
-
-
-
2 689
unemployment
-
-
-
214
health
-
-
-
7 384
pensions
-
-
-
20 799
total
-
-
-
51 932
Employee
31 599
-
85 913
-
other
-
-
-
-
unemployment
2 199
-
5 979
-
pensions
2 108
-
5 730
-
surtax
112
-
2 420
-
income
5 297
-
19 229
-
health
807
-
2 190
-
total
10 523
-
35 548
-
Employer
31 599
-
85 913
-
health
1 437
-
3 910
-
pensions
4 213
-
11 453
-
unemployment
1 002
-
2 723
-
other
-
-
-
-
total
6 652
-
18 086
-
Corporate
65 749
104 000
-
-
income
17 094
27 040
-
-
total
17 094
27 040
-
-
Dividends
48 655
76 960
-
-
withholding
7 299
11 544
-
-
total
7 299
11 544
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 568
38 584
53 634
51 932
After tax
62 432
65 416
50 366
52 068
Living cost
21 075
21 075
21 075
21 075
Free-cash
41 357
44 341
29 291
30 993

Estimated living cost  is ₽21075 per week

₽12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29388
₽22063
₽26988
₽27306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
618
national
-
-
-
22 802
total
-
-
-
51 736
Employee
52 049
-
104 000
-
municipal
276
-
552
-
national
8 246
-
19 642
-
regional
701
-
1 398
-
social contributions
17 551
-
35 069
-
total
26 774
-
56 661
-
Employer
52 049
-
104 000
-
total
-
-
-
-
Corporate
51 951
104 000
-
-
municipal
2 582
5 169
-
-
nationa
12 468
24 961
-
-
total
15 050
30 130
-
-
Dividends
36 901
73 870
-
-
withholding
9 594
19 206
-
-
total
9 594
19 206
-
-
Income
104 000
104 000
104 000
104 000
Total tax
51 418
49 336
56 661
51 736
After tax
52 582
54 664
47 339
52 264
Living cost
25 276
25 276
25 276
25 276
Free-cash
27 306
29 388
22 063
26 988

Estimated living cost  is ₽25276 per week

₽15719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43249
₽24421
₽22298
₽33133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
41 699
-
77 612
-
solidarity contribution
-
-
-
-
social contributions
2 710
-
5 045
-
income
5 004
-
9 313
-
health
5 629
-
10 478
-
total
13 343
-
24 836
-
Employer
41 699
-
77 612
-
health
3 753
-
6 985
-
social contributions
10 425
-
19 403
-
total
14 178
-
26 388
-
Corporate
48 124
104 000
-
-
income
9 144
19 760
-
-
total
9 144
19 760
-
-
Dividends
38 980
84 240
-
-
withholding
5 847
12 636
-
-
total
5 847
12 636
-
-
Income
104 000
104 000
104 000
104 000
Total tax
42 512
32 396
51 224
53 347
After tax
61 488
71 604
52 776
50 653
Living cost
28 355
28 355
28 355
28 355
Free-cash
33 133
43 249
24 421
22 298

Estimated living cost  is ₽28355 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28291
₽343
₽22075
₽27831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 623
surtax
-
-
-
-
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
417
health
-
-
-
7 956
pensions
-
-
-
19 239
total
-
-
-
51 990
Employee
41 016
37 393
80 756
-
other
410
374
808
-
unemployment
1 230
1 122
2 423
-
pensions
4 200
3 828
8 269
-
income
3 654
2 758
16 556
-
health
1 587
1 448
3 125
-
total
11 081
9 530
31 181
-
Employer
41 016
37 393
80 756
-
chamber of commerce
164
150
322
-
health
1 551
1 414
3 052
-
pensions
5 148
4 694
10 135
-
accident
532
486
1 051
-
unemployment
1 230
1 122
2 423
-
surtax
-
-
-
-
payroll
1 230
1 122
2 423
-
other
1 948
1 775
3 837
-
total
11 803
10 763
23 243
-
Corporate
51 180
55 845
77 195
-
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.

12 795
13 962
19 298
-
total
12 795
13 962
19 298
-
Dividends
38 385
41 883
-
-
withholding
10 555
11 519
-
-
total
10 555
11 519
-
-
Income
104 000
104 000
104 000
104 000
Total tax
46 234
45 774
73 722
51 990
After tax
57 766
58 226
30 278
52 010
Living cost
29 935
29 935
29 935
29 935
Free-cash
27 831
28 291
343
22 075

Estimated living cost  is ₽29935 per week

₽17957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87018
₽71418
₽91178
₽84808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 727
-
104 000
-
income
2 946
-
20 800
-
total
2 946
-
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%.

89 273
104 000
-
-
total
-
-
-
-
Dividends
89 273
104 000
-
-
withholding
4 464
5 200
-
-
total
4 464
5 200
-
-
Income
104 000
104 000
104 000
104 000
Total tax
7 410
5 200
20 800
1 040
After tax
96 590
98 800
83 200
102 960
Living cost
11 782
11 782
11 782
11 782
Free-cash
84 808
87 018
71 418
91 178

Estimated living cost  is ₽11782 per week

₽7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽495
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.
₽2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46439
₽25213
₽28192
₽38587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 255
unemployment
-
-
-
157
health
-
-
-
10 235
pensions
-
-
-
18 994
total
-
-
-
50 641
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.

41 492
-
89 988
-
unemployment
59
-
126
-
pensions
6 432
-
13 948
-
income
7 155
-
19 720
-
health
2 680
-
5 814
-
total
16 326
-
39 608
-
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.

41 492
-
89 988
-
health
2 764
-
5 994
-
pensions
3 672
-
7 965
-
unemployment
25
-
53
-
total
6 461
-
14 012
-
Corporate
56 048
104 000
-
-
income
10 650
19 759
-
-
total
10 650
19 759
-
-
Dividends
45 398
84 241
-
-
withholding
6 809
12 635
-
-
total
6 809
12 635
-
-
Income
104 000
104 000
104 000
104 000
Total tax
40 246
32 394
53 620
50 641
After tax
63 754
71 606
50 380
53 359
Living cost
25 167
25 167
25 167
25 167
Free-cash
38 587
46 439
25 213
28 192

Estimated living cost  is ₽25167 per week

₽17272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23194
₽51700
₽31792
-₽34499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
57 469
-
-
-
social contributions
4 712
-
672
-
income
12 676
-
-
-
total
17 388
-
672
-
Employer
57 469
-
-
-
social contributions
81 031
-
11 548
-
total
81 031
-
11 548
-
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
98 419
40 726
12 220
32 128
After tax
5 581
63 274
91 780
71 872
Living cost
40 080
40 080
40 080
40 080
Free-cash
-34 499
23 194
51 700
31 792

Estimated living cost  is ₽40080 per week

₽26005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29724
₽22313
₽28244
₽28780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 185
surtax
-
-
-
-
social contributions

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

-
-
-
36 139
total
-
-
-
46 324
Employee
43 155
-
84 039
-
surtax
-
-
-
-
social contributions
4 747
-
9 245
-
income
8 976
-
23 051
-
total
13 723
-
32 296
-
Employer
43 155
-
84 039
-
social contributions
10 249
-
19 959
-
total
10 249
-
19 959
-
Corporate
50 596
104 000
-
-
income
10 625
21 839
-
-
surtax
-
-
-
-
total
10 625
21 839
-
-
Dividends
39 971
82 161
-
-
withholding
11 191
23 005
-
-
total
11 191
23 005
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 788
44 844
52 255
46 324
After tax
58 212
59 156
51 745
57 676
Living cost
29 432
29 432
29 432
29 432
Free-cash
28 780
29 724
22 313
28 244

Estimated living cost  is ₽29432 per week

₽22021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7097
₽18606
₽14281
₽13548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 344
other
-
-
-
3 225
surtax
-
-
-
-
social contributions
-
-
-
2 963
health
-
-
-
2 484
pensions
-
-
-
24 384
total
-
-
-
44 400
Employee
58 768
-
83 829
-
pensions
6 647
-
4 363
-
surtax
-
-
-
-
social contributions
1 674
-
2 388
-
income
5 128
-
13 155
-
total
13 449
-
19 906
-
Employer
58 768
-
83 829
-
health
4 113
-
6 021
-
pensions
9 656
-
7 609
-
unemployment
2 381
-
3 396
-
social contributions
176
-
251
-
other
2 028
-
2 892
-
total
18 354
-
20 169
-
Corporate
26 878
104 000
-
-
income
7 525
29 120
-
-
surtax
-
-
-
-
total
7 525
29 120
-
-
Dividends
19 353
74 880
-
-
surtax
-
-
-
-
social contributions
3 328
12 879
-
-
withholding
2 477
9 585
-
-
total
5 805
22 464
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 133
51 584
40 075
44 400
After tax
58 867
52 416
63 925
59 600
Living cost
45 319
45 319
45 319
45 319
Free-cash
13 548
7 097
18 606
14 281

Estimated living cost  is ₽45319 per week

₽30671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65394
₽53265
₽50499
₽62243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 415
social contributions
-
-
-
22 881
total
-
-
-
25 296
Employee
30 166
-
90 044
-
income
-
-
2 721
-
social contributions
1 960
-
5 853
-
total
1 960
-
8 574
-
Employer
30 166
-
90 044
-
social contributions
4 676
-
13 956
-
total
4 676
-
13 956
-
Corporate
69 159
104 000
-
-
income
6 916
10 401
-
-
total
6 916
10 401
-
-
Dividends
62 243
93 599
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
13 552
10 401
22 530
25 296
After tax
90 448
93 599
81 470
78 704
Living cost
28 205
28 205
28 205
28 205
Free-cash
62 243
65 394
53 265
50 499

Estimated living cost  is ₽28205 per week

₽18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽100426
-₽100426
₽18716
-₽100426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 255
municipal
-
-
-
19 844
national
-
-
-
11 185
pensions
-
-
-
813
total
-
-
-
40 097
Employee
190 722
190 722
190 722
-
municipal
40 613
40 613
40 613
-
labour market
15 236
15 236
15 236
-
pensions
271
271
271
-
national
23 300
23 300
23 300
-
total
79 420
79 420
79 420
-
Employer
190 722
190 722
190 722
-
national
23 341
23 341
23 341
-
labour market
15 258
15 258
15 258
-
pensions
542
542
542
-
municipal
40 678
40 678
40 678
-
total
79 819
79 819
79 819
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
104 000
104 000
104 000
104 000
Total tax
159 239
159 239
159 239
40 097
After tax
-55 239
-55 239
-55 239
63 903
Living cost
45 187
45 187
45 187
45 187
Free-cash
-100 426
-100 426
-100 426
18 716

Estimated living cost  is ₽45187 per week

₽30926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12215
₽33614
₽50685
₽5257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
26 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
32 676
Employee
32 466
-
89 810
-
pensions
3 656
-
7 264
-
income
4 454
-
18 010
-
health
3 718
-
10 283
-
total
11 828
-
35 557
-
Employer
32 466
-
89 810
-
pensions
5 279
-
10 490
-
accident
542
-
1 500
-
unemployment
796
-
2 200
-
total
6 617
-
14 190
-
Corporate
64 917
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.

58 425
93 600
-
-
total
58 425
93 600
-
-
Dividends
6 492
10 400
-
-
withholding
1 234
1 976
-
-
total
1 234
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
78 104
95 576
49 747
32 676
After tax
25 896
8 424
54 253
71 324
Living cost
20 639
20 639
20 639
20 639
Free-cash
5 257
-12 215
33 614
50 685

Estimated living cost  is ₽20639 per week

₽15023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32350
₽22429
₽36688
₽31359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 211
municipal
-
-
-
18 502
national
-
-
-
11 575
total
-
-
-
31 288
Employee
49 366
-
87 492
-
municipal
8 086
-
14 277
-
unemployment
741
-
1 312
-
pensions
3 332
-
5 906
-
national
816
-
6 588
-
health
369
-
956
-
total
13 344
-
29 039
-
Employer
49 366
-
87 492
-
health
379
-
673
-
pensions
8 565
-
15 180
-
accident
50
-
87
-
unemployment
321
-
568
-
total
9 315
-
16 508
-
Corporate
45 319
104 000
-
-
income
9 063
20 799
-
-
total
9 063
20 799
-
-
Dividends

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

27 192
62 401
-
-
municipal
4 895
11 232
-
-
national
-
3 595
-
-
total
4 895
14 827
-
-
Income
104 000
104 000
104 000
104 000
Total tax
36 617
35 626
45 547
31 288
After tax
67 383
68 374
58 453
72 712
Living cost
36 024
36 024
36 024
36 024
Free-cash
31 359
32 350
22 429
36 688

Estimated living cost  is ₽36024 per week

₽23531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
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.
₽8456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54345
₽50563
₽51396
₽49239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 048
social contributions
-
-
-
15 181
health
-
-
-
2 651
total
-
-
-
30 880
Employee
72 151
72 151
94 417
-
social contributions
2 728
5 988
7 836
-
income
7 856
6 679
12 690
-
health
559
1 227
1 604
-
total
11 143
13 894
22 130
-
Employer
72 151
72 151
94 417
-
health
607
1 335
1 747
-
social contributions
2 728
5 988
7 836
-
total
3 335
7 323
9 583
-
Corporate
67 798
24 525
-
-
income
8 474
3 066
-
-
total
8 474
3 066
-
-
Dividends
59 324
21 459
-
-
withholding
10 085
3 648
-
-
total
10 085
3 648
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 037
27 931
31 713
30 880
After tax
70 963
76 069
72 287
73 120
Living cost
21 724
21 724
21 724
21 724
Free-cash
49 239
54 345
50 563
51 396

Estimated living cost  is ₽21724 per week

₽13020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2131
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.
₽6093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71225
₽50816
₽69636
₽66452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 075
unemployment
-
-
-
27
health
-
-
-
3 396
pensions
-
-
-
5 969
total
-
-
-
19 467
Employee

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

21 537
-
94 830
-
unemployment
107
-
445
-
pensions
3 230
-
13 355
-
income
1 473
-
7 749
-
health
1 830
-
7 568
-
total
6 640
-
29 117
-
Employer

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

21 537
-
94 830
-
health
926
-
3 828
-
pensions
1 184
-
4 897
-
unemployment
107
-
445
-
total
2 217
-
9 170
-
Corporate
80 246
104 000
-
-
income
7 222
9 361
-
-
total
7 222
9 361
-
-
Dividends
73 024
94 639
-
-
withholding
6 572
8 517
-
-
total
6 572
8 517
-
-
Income
104 000
104 000
104 000
104 000
Total tax
22 651
17 878
38 287
19 467
After tax
81 349
86 122
65 713
84 533
Living cost
14 897
14 897
14 897
14 897
Free-cash
66 452
71 225
50 816
69 636

Estimated living cost  is ₽14897 per week

₽9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
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.
₽3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44247
₽28380
₽30935
₽39325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
21 172
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
47 263
Employee
34 695
-
78 858
-
other
34
-
78
-
unemployment
538
-
1 221
-
pensions
1 631
-
3 705
-
income
6 689
-
19 671
-
total
8 892
-
24 675
-
Employer
34 695
-
78 858
-
pensions
8 187
-
18 611
-
accident
687
-
1 562
-
unemployment
1 909
-
4 338
-
other
278
-
632
-
total
11 061
-
25 143
-
Corporate
58 244
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.

8 737
15 600
-
-
total
8 737
15 600
-
-
Dividends
49 507
88 400
-
-
withholding
10 183
18 351
-
-
total
10 183
18 351
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 873
33 951
49 818
47 263
After tax
65 127
70 049
54 182
56 737
Living cost
25 802
25 802
25 802
25 802
Free-cash
39 325
44 247
28 380
30 935

Estimated living cost  is ₽25802 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62996
₽64449
₽64584
₽62684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35 125
health
-
-
-
1 005
pensions
-
-
-
1 386
total
-
-
-
37 516
Employee
2 894
-
102 441
-
unemployment
29
-
69
-
pensions
260
-
624
-
income
560
-
35 052
-
health
145
-
347
-
total
994
-
36 092
-
Employer
2 894
-
102 441
-
health
275
-
658
-
pensions
318
-
762
-
unemployment
58
-
139
-
total
651
-
1 559
-
Corporate
100 454
104 000
-
-
income
22 100
22 880
-
-
total
22 100
22 880
-
-
Dividends
78 354
81 120
-
-
withholding
15 671
16 224
-
-
total
15 671
16 224
-
-
Income
104 000
104 000
104 000
104 000
Total tax
39 416
39 104
37 651
37 516
After tax
64 584
64 896
66 349
66 484
Living cost
1 900
1 900
1 900
1 900
Free-cash
62 684
62 996
64 449
64 584

Estimated living cost  is ₽1900 per week

₽1129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58944
₽40076
₽40076
₽54335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 566
unemployment
-
-
-
1 038
health
-
-
-
7 129
pensions
-
-
-
17 995
total
-
-
-
47 728
Employee

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

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

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

24 423
-
91 611
-
unemployment
183
-
519
-
pensions
3 419
-
9 690
-
income
3 367
-
21 566
-
health
1 258
-
3 564
-
total
8 227
-
35 339
-
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.

24 423
-
91 611
-
health
1 258
-
3 564
-
pensions
2 931
-
8 306
-
unemployment
183
-
519
-
total
4 372
-
12 389
-
Corporate
75 205
104 000
-
-
income
11 281
15 600
-
-
total
11 281
15 600
-
-
Dividends
63 924
88 400
-
-
withholding
9 589
13 260
-
-
total
9 589
13 260
-
-
Income
104 000
104 000
104 000
104 000
Total tax
33 469
28 860
47 728
47 728
After tax
70 531
75 140
56 272
56 272
Living cost
16 196
16 196
16 196
16 196
Free-cash
54 335
58 944
40 076
40 076

Estimated living cost  is ₽16196 per week

₽10905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1253
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.
₽3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33860
₽26449
₽32380
₽33523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 185
surtax
-
-
-
-
social contributions

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

-
-
-
36 139
total
-
-
-
46 324
Employee
36 418
-
84 039
-
surtax
-
-
-
-
social contributions
4 006
-
9 245
-
income
7 116
-
23 051
-
total
11 122
-
32 296
-
Employer
36 418
-
84 039
-
social contributions
8 648
-
19 959
-
total
8 648
-
19 959
-
Corporate
58 934
104 000
-
-
income
12 375
21 839
-
-
surtax
-
-
-
-
total
12 375
21 839
-
-
Dividends
46 559
82 161
-
-
withholding
13 036
23 005
-
-
total
13 036
23 005
-
-
Income
104 000
104 000
104 000
104 000
Total tax
45 181
44 844
52 255
46 324
After tax
58 819
59 156
51 745
57 676
Living cost
25 296
25 296
25 296
25 296
Free-cash
33 523
33 860
26 449
32 380

Estimated living cost  is ₽25296 per week

₽17916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37073
₽21206
₽23761
₽29917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
21 172
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
47 263
Employee
45 316
-
78 858
-
other
45
-
78
-
unemployment
702
-
1 221
-
pensions
2 130
-
3 705
-
income
9 465
-
19 671
-
total
12 342
-
24 675
-
Employer
45 316
-
78 858
-
pensions
10 694
-
18 611
-
accident
897
-
1 562
-
unemployment
2 493
-
4 338
-
other
363
-
632
-
total
14 447
-
25 143
-
Corporate
44 236
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.

6 636
15 600
-
-
total
6 636
15 600
-
-
Dividends
37 600
88 400
-
-
withholding
7 682
18 351
-
-
total
7 682
18 351
-
-
Income
104 000
104 000
104 000
104 000
Total tax
41 107
33 951
49 818
47 263
After tax
62 893
70 049
54 182
56 737
Living cost
32 976
32 976
32 976
32 976
Free-cash
29 917
37 073
21 206
23 761

Estimated living cost  is ₽32976 per week

₽23682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72783
₽66933
₽63514
₽67065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
24 349
Employee
21 368
-
97 571
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 877
-
income
2 137
-
9 757
-
health
983
-
1 507
-
total
5 231
-
14 501
-
Employer
21 368
-
97 571
-
health
1 475
-
2 261
-
pensions

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

2 355
-
3 611
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
unemployment
128
-
197
-
total
4 193
-
6 429
-
Corporate
78 440
104 000
-
-
income
7 844
10 400
-
-
total
7 844
10 400
-
-
Dividends
70 595
93 600
-
-
withholding
3 530
4 680
-
-
total
3 530
4 680
-
-
Income
104 000
104 000
104 000
104 000
Total tax
20 798
15 080
20 930
24 349
After tax
83 202
88 920
83 070
79 651
Living cost
16 137
16 137
16 137
16 137
Free-cash
67 065
72 783
66 933
63 514

Estimated living cost  is ₽16137 per week

₽10673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17400
₽36427
₽27763
₽29673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 638
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.

-
-
-
1 300
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.

-
-
-
6 410
trade
-
-
-
8 664
total
-
-
-
40 012
Employee

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

46 686
-
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.

212
-
1 300
-
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.

3 839
-
23 638
-
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.

6 410
-
6 410
-
total
10 461
-
31 348
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 314
104 000
-
-
income
8 597
15 600
-
-
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.

474
858
-
-
chamber of commerce
226
296
-
-
trade
8 225
14 923
-
-
total
17 522
31 677
-
-
Dividends
39 792
72 323
-
-
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.

527
974
-
-
withholding
9 592
17 724
-
-
total
10 119
18 698
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 102
50 375
31 348
40 012
After tax
65 898
53 625
72 652
63 988
Living cost
36 225
36 225
36 225
36 225
Free-cash
29 673
17 400
36 427
27 763

Estimated living cost  is ₽36225 per week

₽24989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19350
₽14997
₽14997
₽21421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 091
social contributions
-
-
-
9 462
total
-
-
-
35 553
Employee
73 396
-
104 000
-
income
13 850
-
26 091
-
social contributions
6 098
-
9 462
-
total
19 948
-
35 553
-
Employer
73 396
-
104 000
-
total
-
-
-
-
Corporate
30 604
104 000
-
-
income
3 825
13 000
-
-
total
3 825
13 000
-
-
Dividends
26 779
91 000
-
-
withholding
5 356
18 200
-
-
total
5 356
18 200
-
-
Income
104 000
104 000
104 000
104 000
Total tax
29 129
31 200
35 553
35 553
After tax
74 871
72 800
68 447
68 447
Living cost
53 450
53 450
53 450
53 450
Free-cash
21 421
19 350
14 997
14 997

Estimated living cost  is ₽53450 per week

₽40664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28583
₽42477
₽37543
₽31860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 709
health

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

-
-
-
5 687
total
-
-
-
32 396
Employee
43 044
-
99 684
-
income
4 671
-
18 830
-
social contributions
4 313
-
4 316
-
total
8 984
-
23 146
-
Employer
43 044
-
99 684
-
social contributions
4 313
-
4 316
-
total
4 313
-
4 316
-
Corporate
56 643
104 000
-
-
income
19 825
36 399
-
-
total
19 825
36 399
-
-
Dividends
36 818
67 601
-
-
social contributions
4 957
4 957
-
-
total
4 957
4 957
-
-
Income
104 000
104 000
104 000
104 000
Total tax
38 079
41 356
27 462
32 396
After tax
65 921
62 644
76 538
71 604
Living cost
34 061
34 061
34 061
34 061
Free-cash
31 860
28 583
42 477
37 543

Estimated living cost  is ₽34061 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39851
₽29277
₽38741
₽37820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 233
pensions
-
-
-
7 211
total
-
-
-
30 444
Employee
47 789
-
91 416
-
pensions
3 648
-
8 882
-
income
8 703
-
16 925
-
health
623
-
1 517
-
total
12 974
-
27 324
-
Employer
47 789
-
91 416
-
health
908
-
1 736
-
pensions
4 828
-
10 848
-
total
5 736
-
12 584
-
Corporate
50 474
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.

9 590
19 761
-
-
total
9 590
19 761
-
-
Dividends
40 884
84 239
-
-
withholding
3 065
9 573
-
-
total
3 065
9 573
-
-
Income
104 000
104 000
104 000
104 000
Total tax
31 365
29 334
39 908
30 444
After tax
72 635
74 666
64 092
73 556
Living cost
34 815
34 815
34 815
34 815
Free-cash
37 820
39 851
29 277
38 741

Estimated living cost  is ₽34815 per week

₽23883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14258
₽31571
₽48642
₽4945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
26 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
32 676
Employee
35 680
-
89 810
-
pensions
4 018
-
7 264
-
income
4 895
-
18 010
-
health
4 085
-
10 283
-
total
12 998
-
35 557
-
Employer
35 680
-
89 810
-
pensions
5 801
-
10 490
-
accident
596
-
1 500
-
unemployment
874
-
2 200
-
total
7 271
-
14 190
-
Corporate
61 049
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.

54 944
93 600
-
-
total
54 944
93 600
-
-
Dividends
6 105
10 400
-
-
withholding
1 160
1 976
-
-
total
1 160
1 976
-
-
Income
104 000
104 000
104 000
104 000
Total tax
76 373
95 576
49 747
32 676
After tax
27 627
8 424
54 253
71 324
Living cost
22 682
22 682
22 682
22 682
Free-cash
4 945
-14 258
31 571
48 642

Estimated living cost  is ₽22682 per week

₽16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74839
₽54466
₽46503
₽71160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 220
unemployment
-
-
-
1 248
work injury
-
-
-
520
health insurance
-
-
-
7 696
pensions
-
-
-
19 136
total
-
-
-
44 820
Employee

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

20 283
-
104 000
-
health insurance
1 501
-
5 553
-
unemployment
243
-
901
-
work injury
101
-
375
-
pensions
3 732
-
13 808
-
income
2 028
-
16 220
-
total
7 605
-
36 857
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 717
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
83 717
102 960
-
-
withholding
12 558
15 444
-
-
total
12 558
15 444
-
-
Income
104 000
104 000
104 000
104 000
Total tax
20 163
16 484
36 857
44 820
After tax
83 837
87 516
67 143
59 180
Living cost
12 677
12 677
12 677
12 677
Free-cash
71 160
74 839
54 466
46 503

Estimated living cost  is ₽12677 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
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.
₽3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17400
₽9445
₽14205
₽13130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 171
municipal
-
-
-
694
national
-
-
-
22 802
total
-
-
-
52 415
Employee
79 067
-
104 000
-
municipal
472
-
620
-
national
13 362
-
19 642
-
regional
1 194
-
1 844
-
social contributions
26 661
-
35 069
-
total
41 689
-
57 175
-
Employer
79 067
-
104 000
-
total
-
-
-
-
Corporate
24 933
104 000
-
-
municipal
1 202
5 012
-
-
nationa
5 985
24 961
-
-
total
7 187
29 973
-
-
Dividends
17 746
74 027
-
-
withholding
4 614
19 247
-
-
total
4 614
19 247
-
-
Income
104 000
104 000
104 000
104 000
Total tax
53 490
49 220
57 175
52 415
After tax
50 510
54 780
46 825
51 585
Living cost
37 380
37 380
37 380
37 380
Free-cash
13 130
17 400
9 445
14 205

Estimated living cost  is ₽37380 per week

₽26257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
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.
₽7986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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