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
₽ 111000
per

Your estimated
City
free-cash

Dresden , Germany
₽25319
₽36558
₽36941
₽46983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
trade
-
-
-
10 042
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.

-
-
-
24 929
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.

-
-
-
6 941
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.

-
-
-
1 371
total
-
-
-
43 283
Employee

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

38 862
-
111 000
-
health

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

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

6 941
-
6 941
-
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.

60
-
1 371
-
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.

1 086
-
24 929
-
total
8 087
-
33 241
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 138
111 000
-
-
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.

596
916
-
-
income
10 821
16 650
-
-
trade
11 361
17 483
-
-
chamber of commerce
258
314
-
-
total
23 036
35 363
-
-
Dividends
49 102
75 637
-
-
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.

654
1 018
-
-
withholding
11 889
18 524
-
-
total
12 543
19 542
-
-
Income
111 000
111 000
111 000
111 000
Total tax
43 666
54 905
33 241
43 283
After tax
67 334
56 095
77 759
67 717
Living cost
30 776
30 776
30 776
30 776
Free-cash
36 558
25 319
46 983
36 941

Estimated living cost  is ₽30776 per week

₽19359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17997
₽17145
₽15430
₽16300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
11 684
pensions
-
-
-
13 320
national
-
-
-
18 106
social contributions
-
-
-
1 193
total
-
-
-
44 303
Employee
79 474
-
95 959
-
municipal
9 816
-
12 114
-
pensions
3 179
-
3 838
-
national
15 211
-
18 772
-
total
28 206
-
34 724
-
Employer
79 474
-
95 959
-
social contributions
854
-
1 032
-
pensions
6 358
-
7 677
-
total
7 212
-
8 709
-
Corporate
19 069
111 000
-
-
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%.

3 814
22 200
-
-
total
3 814
22 200
-
-
Dividends
15 255
88 800
-
-
withholding
3 356
19 536
-
-
total
3 356
19 536
-
-
Income
111 000
111 000
111 000
111 000
Total tax
42 588
41 736
43 433
44 303
After tax
68 412
69 264
67 567
66 697
Living cost
51 267
51 267
51 267
51 267
Free-cash
17 145
17 997
16 300
15 430

Estimated living cost  is ₽51267 per week

₽34846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽767
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67661
₽59328
₽38010
₽41321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
microenterprise
-
-
-
-
income
-
-
-
16 165
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.

-
-
-
35 687
total
-
-
-
51 852
Employee
29 690
-
89 451
-
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.

3 266
-
9 839
-
surtax
-
-
-
-
income
5 285
-
17 153
-
total
8 551
-
26 992
-
Employer
29 690
-
89 451
-
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.

7 152
-
21 549
-
surtax
-
-
-
-
total
7 152
-
21 549
-
Corporate
74 159
111 000
-
-
income

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

14 831
22 201
-
-
total
14 831
22 201
-
-
Dividends

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

59 327
88 799
-
-
total
-
-
-
-
Income
111 000
111 000
111 000
111 000
Total tax
30 534
22 201
48 541
51 852
After tax
80 466
88 799
62 459
59 148
Living cost
21 138
21 138
21 138
21 138
Free-cash
59 328
67 661
41 321
38 010

Estimated living cost  is ₽21138 per week

₽13486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11377
₽5152
₽20567
₽14022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
23 435
pensions
-
-
-
11 905
health
-
-
-
12 529
total
-
-
-
47 869
Employee
86 768
86 768
94 458
-
health
13 318
11 328
11 766
-
income

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

14 202
14 202
14 202
-
pensions
15 618
11 905
11 905
-
total
43 138
37 435
37 873
-
Employer
86 768
86 768
94 458
-
unemployment
3 124
3 124
3 401
-
pensions
6 039
6 039
6 575
-
health
6 031
6 031
6 565
-
total
15 194
15 194
16 541
-
Corporate
10 103
9 038
-
-
income
2 021
1 809
-
-
total
2 021
1 809
-
-
Dividends
8 082
7 230
-
-
income
1 718
1 537
-
-
withholding
1 213
1 084
-
-
total
2 931
2 621
-
-
Income
111 000
111 000
111 000
111 000
Total tax
63 284
57 059
54 414
47 869
After tax
47 716
53 941
56 586
63 131
Living cost
42 564
42 564
42 564
42 564
Free-cash
5 152
11 377
14 022
20 567

Estimated living cost  is ₽42564 per week

₽30164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽677
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21464
₽20584
₽20287
₽19440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
25 689
accident
-
-
-
172
pensions
-
-
-
9 273
other
-
-
-
9 968
unemployment
-
-
-
86
health
-
-
-
5 353
national
-
-
-
1 030
total
-
-
-
51 571
Employee
55 773
-
84 462
-
municipal
16 632
-
25 187
-
national
-
-
693
-
total
16 632
-
25 880
-
Employer
55 773
-
84 462
-
accident
112
-
169
-
other
6 481
-
9 815
-
unemployment
1 472
-
2 230
-
pensions
6 029
-
9 130
-
health
3 430
-
5 194
-
total
17 524
-
26 538
-
Corporate
37 703
111 000
-
-
income
8 295
24 420
-
-
total
8 295
24 420
-
-
Dividends
29 408
86 580
-
-
withholding
8 823
25 974
-
-
total
8 823
25 974
-
-
Income
111 000
111 000
111 000
111 000
Total tax
51 274
50 394
52 418
51 571
After tax
59 726
60 606
58 582
59 429
Living cost
39 142
39 142
39 142
39 142
Free-cash
20 584
21 464
19 440
20 287

Estimated living cost  is ₽39142 per week

₽25941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15610
₽29885
₽27355
₽37844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
trade
-
-
-
10 489
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.

-
-
-
24 929
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.

-
-
-
6 941
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.

-
-
-
1 371
total
-
-
-
43 730
Employee

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

51 527
-
111 000
-
health

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

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

6 941
-
6 941
-
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.

243
-
1 371
-
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.

4 427
-
24 929
-
total
11 611
-
33 241
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 473
111 000
-
-
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.

490
916
-
-
income
8 922
16 650
-
-
trade
9 784
18 260
-
-
chamber of commerce
239
312
-
-
total
19 435
36 138
-
-
Dividends
40 039
74 862
-
-
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.

530
1 008
-
-
withholding
9 624
18 329
-
-
total
10 154
19 337
-
-
Income
111 000
111 000
111 000
111 000
Total tax
41 200
55 475
33 241
43 730
After tax
69 800
55 525
77 759
67 270
Living cost
39 915
39 915
39 915
39 915
Free-cash
29 885
15 610
37 844
27 355

Estimated living cost  is ₽39915 per week

₽26696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4209
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽596
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48240
₽44027
₽45118
₽44394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
13 655
health
-
-
-
2 831
social contributions
-
-
-
16 440
total
-
-
-
32 926
Employee
78 130
78 130
100 771
-
social contributions
3 797
6 484
8 364
-
health
777
1 329
1 712
-
income
8 204
7 233
13 345
-
total
12 778
15 046
23 421
-
Employer
78 130
78 130
100 771
-
social contributions
3 797
6 484
8 364
-
health
846
1 446
1 865
-
total
4 643
7 930
10 229
-
Corporate
60 623
24 939
-
-
income
7 578
3 118
-
-
total
7 578
3 118
-
-
Dividends
53 045
21 821
-
-
withholding
9 018
3 710
-
-
total
9 018
3 710
-
-
Income
111 000
111 000
111 000
111 000
Total tax
34 017
29 804
33 650
32 926
After tax
76 983
81 196
77 350
78 074
Living cost
32 956
32 956
32 956
32 956
Free-cash
44 027
48 240
44 394
45 118

Estimated living cost  is ₽32956 per week

₽22529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44093
₽44479
₽58493
₽45946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
13 570
pensions
-
-
-
11 100
unemployment
-
-
-
1 665
health
-
-
-
7 770
total
-
-
-
34 105
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.

26 564
10 572
92 887
-
health
1 859
740
6 502
-
income
3 247
1 292
11 355
-
pensions
2 656
1 057
9 289
-
unemployment
398
159
1 393
-
total
8 160
3 248
28 539
-
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.

26 564
10 572
92 887
-
pensions
5 180
2 062
18 113
-
total
5 180
2 062
18 113
-
Corporate
79 256
98 366
-
-
income
7 133
8 853
-
-
total
7 133
8 853
-
-
Dividends
72 123
89 513
-
-
social contributions
13 943
17 334
-
-
withholding
13 703
17 008
-
-
total
27 646
34 342
-
-
Income
111 000
111 000
111 000
111 000
Total tax
48 119
48 505
46 652
34 105
After tax
62 881
62 495
64 348
76 895
Living cost
18 402
18 402
18 402
18 402
Free-cash
44 479
44 093
45 946
58 493

Estimated living cost  is ₽18402 per week

₽12558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽368
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽64257
₽57947
₽34953
₽39438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
14 874
pensions
-
-
-
22 201
health
-
-
-
14 430
total
-
-
-
51 505
Employee
28 824
-
82 961
-
income
3 245
-
15 994
-
pensions
577
-
1 660
-
unemployment
461
-
1 327
-
total
4 283
-
18 981
-
Employer
28 824
-
82 961
-
unemployment
231
-
663
-
pensions
5 765
-
16 592
-
health
3 746
-
10 784
-
total
9 742
-
28 039
-
Corporate
72 433
111 000
-
-
income
14 486
22 201
-
-
total
14 486
22 201
-
-
Dividends
57 946
88 799
-
-
total
-
-
-
-
Income
111 000
111 000
111 000
111 000
Total tax
28 511
22 201
47 020
51 505
After tax
82 489
88 799
63 980
59 495
Living cost
24 542
24 542
24 542
24 542
Free-cash
57 947
64 257
39 438
34 953

Estimated living cost  is ₽24542 per week

₽16833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5754
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽13199
₽5586
₽53929
₽35761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
255
income
-
-
-
27 855
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
34 881
Employee
34 905
-
95 935
-
health
3 997
-
10 985
-
income
4 789
-
19 305
-
pensions
3 930
-
7 695
-
total
12 716
-
37 985
-
Employer
34 905
-
95 935
-
accident
583
-
1 602
-
unemployment
855
-
2 350
-
pensions
5 676
-
11 112
-
total
7 114
-
15 064
-
Corporate
68 981
111 000
-
-
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.

62 083
99 900
-
-
total
62 083
99 900
-
-
Dividends
6 898
11 100
-
-
withholding
1 311
2 109
-
-
total
1 311
2 109
-
-
Income
111 000
111 000
111 000
111 000
Total tax
83 224
102 009
53 049
34 881
After tax
27 776
8 991
57 951
76 119
Living cost
22 190
22 190
22 190
22 190
Free-cash
5 586
-13 199
35 761
53 929

Estimated living cost  is ₽22190 per week

₽16263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96188
₽94452
₽100628
₽79538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
111 000
microenterprise

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

-
-
-
1 110
total
-
-
-
1 110
Employee
11 577
-
111 000
-
income
2 315
-
22 200
-
total
2 315
-
22 200
-
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%.

99 423
111 000
-
-
total
-
-
-
-
Dividends
99 423
111 000
-
-
withholding
4 971
5 550
-
-
total
4 971
5 550
-
-
Income
111 000
111 000
111 000
111 000
Total tax
7 286
5 550
22 200
1 110
After tax
103 714
105 450
88 800
109 890
Living cost
9 262
9 262
9 262
9 262
Free-cash
94 452
96 188
79 538
100 628

Estimated living cost  is ₽9262 per week

₽5740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽54479
₽47616
₽32879
₽37467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
14 251
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.

-
-
-
26 640
other
-
-
-
5 272
health
-
-
-
4 884
total
-
-
-
51 047
Employee
36 892
-
88 658
-
health
517
-
1 242
-
income
6 351
-
15 782
-
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.

2 582
-
6 205
-
unemployment
368
-
887
-
total
9 818
-
24 116
-
Employer
36 892
-
88 658
-
accident
295
-
710
-
other
1 845
-
4 433
-
unemployment
368
-
887
-
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.

6 272
-
15 071
-
health
517
-
1 242
-
total
9 297
-
22 343
-
Corporate
64 810
111 000
-
-
income
13 611
23 310
-
-
total
13 611
23 310
-
-
Dividends
51 199
87 690
-
-
withholding
3 584
6 137
-
-
total
3 584
6 137
-
-
Income
111 000
111 000
111 000
111 000
Total tax
36 310
29 447
46 459
51 047
After tax
74 690
81 553
64 541
59 953
Living cost
27 074
27 074
27 074
27 074
Free-cash
47 616
54 479
37 467
32 879

Estimated living cost  is ₽27074 per week

₽19129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1828
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.
₽5680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11719
₽723
₽10404
₽430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
24 381
pensions
-
-
-
7 818
total
-
-
-
32 199
Employee
96 771
-
97 606
-
health
1 595
-
1 613
-
income
17 444
-
17 730
-
pensions
9 336
-
9 435
-
total
28 375
-
28 778
-
Employer
96 771
-
97 606
-
pensions
11 426
-
11 541
-
health
1 838
-
1 854
-
total
13 264
-
13 395
-
Corporate
965
111 000
-
-
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.

182
21 090
-
-
total
182
21 090
-
-
Dividends
783
89 910
-
-
withholding
59
9 794
-
-
total
59
9 794
-
-
Income
111 000
111 000
111 000
111 000
Total tax
41 880
30 884
42 173
32 199
After tax
69 120
80 116
68 827
78 801
Living cost
68 397
68 397
68 397
68 397
Free-cash
723
11 719
430
10 404

Estimated living cost  is ₽68397 per week

₽51251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽8036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽81583
₽76865
₽71551
₽75172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
16 650
pensions

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

-
-
-
5 253
unemployment
-
-
-
142
health
-
-
-
4 082
total
-
-
-
26 127
Employee
17 640
-
104 037
-
health
811
-
1 633
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
income
1 764
-
10 404
-
pensions

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

1 549
-
3 116
-
total
4 318
-
15 543
-
Employer
17 640
-
104 037
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
unemployment
105
-
213
-
pensions

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

1 944
-
3 911
-
health
1 218
-
2 449
-
total
3 461
-
6 963
-
Corporate
89 898
111 000
-
-
income
8 989
11 100
-
-
total
8 989
11 100
-
-
Dividends
80 909
99 900
-
-
withholding
4 045
4 995
-
-
total
4 045
4 995
-
-
Income
111 000
111 000
111 000
111 000
Total tax
20 813
16 095
22 506
26 127
After tax
90 187
94 905
88 494
84 873
Living cost
13 322
13 322
13 322
13 322
Free-cash
76 865
81 583
75 172
71 551

Estimated living cost  is ₽13322 per week

₽7778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2401
₽154
₽6789
₽244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
23 435
pensions
-
-
-
11 905
health
-
-
-
12 529
total
-
-
-
47 869
Employee
94 202
86 768
94 458
-
health
11 752
11 328
11 766
-
income

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

14 202
14 202
14 202
-
pensions
11 905
11 905
11 905
-
total
37 859
37 435
37 873
-
Employer
94 202
86 768
94 458
-
unemployment
3 392
3 124
3 401
-
pensions
6 556
6 039
6 575
-
health
6 546
6 031
6 565
-
total
16 494
15 194
16 541
-
Corporate
305
9 038
-
-
income
62
1 809
-
-
total
62
1 809
-
-
Dividends
243
7 230
-
-
income
52
1 537
-
-
withholding
37
1 084
-
-
total
89
2 621
-
-
Income
111 000
111 000
111 000
111 000
Total tax
54 504
57 059
54 414
47 869
After tax
56 496
53 941
56 586
63 131
Living cost
56 342
56 342
56 342
56 342
Free-cash
154
-2 401
244
6 789

Estimated living cost  is ₽56342 per week

₽41562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽5033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽646
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52150
₽43489
₽29789
₽32055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
9 540
health
-
-
-
14 985
solidarity contribution
-
-
-
-
social contributions
-
-
-
32 412
total
-
-
-
56 937
Employee
35 696
-
82 836
-
social contributions
2 320
-
5 384
-
health
4 819
-
11 183
-
solidarity contribution
-
-
-
-
income
4 284
-
9 940
-
total
11 423
-
26 507
-
Employer
35 696
-
82 836
-
social contributions
8 924
-
20 709
-
health
3 213
-
7 455
-
total
12 137
-
28 164
-
Corporate
63 167
111 000
-
-
income
12 002
21 090
-
-
total
12 002
21 090
-
-
Dividends
51 165
89 910
-
-
withholding
7 675
13 486
-
-
total
7 675
13 486
-
-
Income
111 000
111 000
111 000
111 000
Total tax
43 237
34 576
54 671
56 937
After tax
67 763
76 424
56 329
54 063
Living cost
24 274
24 274
24 274
24 274
Free-cash
43 489
52 150
32 055
29 789

Estimated living cost  is ₽24274 per week

₽16861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
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.
₽5209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16348
₽11045
₽13441
₽8158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
659
regional
-
-
-
1 242
national
-
-
-
24 235
social contributions
-
-
-
28 549
total
-
-
-
54 685
Employee
90 301
-
111 000
-
social contributions
30 450
-
37 430
-
regional
852
-
1 089
-
municipal
478
-
588
-
national
15 647
-
20 861
-
total
47 427
-
59 968
-
Employer
90 301
-
111 000
-
total
-
-
-
-
Corporate
20 699
111 000
-
-
nationa
4 967
26 640
-
-
municipal
808
4 329
-
-
total
5 775
30 969
-
-
Dividends
14 924
80 032
-
-
withholding
3 879
20 809
-
-
total
3 879
20 809
-
-
Income
111 000
111 000
111 000
111 000
Total tax
57 081
51 778
59 968
54 685
After tax
53 919
59 222
51 032
56 315
Living cost
42 874
42 874
42 874
42 874
Free-cash
11 045
16 348
8 158
13 441

Estimated living cost  is ₽42874 per week

₽29887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽658
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47397
₽44235
₽33403
₽31561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
22 041
pensions
-
-
-
22 201
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
7 880
surtax
-
-
-
2 823
total
-
-
-
55 176
Employee
33 601
-
91 697
-
other
-
-
-
-
health
858
-
2 337
-
surtax
110
-
2 539
-
income
5 632
-
20 340
-
pensions
2 241
-
6 116
-
unemployment
2 339
-
6 382
-
total
11 180
-
37 714
-
Employer
33 601
-
91 697
-
other
-
-
-
-
unemployment
1 064
-
2 908
-
pensions
4 479
-
12 223
-
health
1 529
-
4 173
-
total
7 072
-
19 304
-
Corporate
70 327
111 000
-
-
income
18 285
28 861
-
-
total
18 285
28 861
-
-
Dividends
52 042
82 139
-
-
withholding
7 807
12 321
-
-
total
7 807
12 321
-
-
Income
111 000
111 000
111 000
111 000
Total tax
44 344
41 182
57 018
55 176
After tax
66 656
69 818
53 982
55 824
Living cost
22 421
22 421
22 421
22 421
Free-cash
44 235
47 397
31 561
33 403

Estimated living cost  is ₽22421 per week

₽13709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2069
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33389
₽28392
₽32074
₽22100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
24 381
pensions
-
-
-
7 818
total
-
-
-
32 199
Employee
64 853
-
97 606
-
health
941
-
1 613
-
income
11 680
-
17 730
-
pensions
5 505
-
9 435
-
total
18 126
-
28 778
-
Employer
64 853
-
97 606
-
pensions
7 020
-
11 541
-
health
1 232
-
1 854
-
total
8 252
-
13 395
-
Corporate
37 894
111 000
-
-
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.

7 201
21 090
-
-
total
7 201
21 090
-
-
Dividends
30 694
89 910
-
-
withholding
2 302
9 794
-
-
total
2 302
9 794
-
-
Income
111 000
111 000
111 000
111 000
Total tax
35 881
30 884
42 173
32 199
After tax
75 119
80 116
68 827
78 801
Living cost
46 727
46 727
46 727
46 727
Free-cash
28 392
33 389
22 100
32 074

Estimated living cost  is ₽46727 per week

₽35007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽26868
₽6346
₽14604
₽9096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
city
-
-
-
1 170
pensions
-
-
-
10 212
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.

-
-
-
2 219
regional
-
-
-
4 065
health
-
-
-
253
national
-
-
-
851
total
-
-
-
18 770
Employee
90 843
-
99 351
-
city
975
-
1 067
-
regional
2 975
-
3 461
-
health
205
-
223
-
pensions
7 632
-
8 346
-
unemployment
-
-
-
-
national
430
-
624
-
total
12 217
-
13 721
-
Employer
90 843
-
99 351
-
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.

1 816
-
1 988
-
unemployment
-
-
-
-
pensions
7 632
-
8 346
-
health
205
-
223
-
total
9 653
-
10 557
-
Corporate
9 504
111 000
-
-
regional
2 010
23 476
-
-
national
807
9 434
-
-
total
2 817
32 910
-
-
Dividends
6 687
78 089
-
-
withholding
2 341
27 332
-
-
total
2 341
27 332
-
-
Income
111 000
111 000
111 000
111 000
Total tax
27 028
60 242
24 278
18 770
After tax
83 972
50 758
86 722
92 230
Living cost
77 626
77 626
77 626
77 626
Free-cash
6 346
-26 868
9 096
14 604

Estimated living cost  is ₽77626 per week

₽50479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽953
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽8408
₽24883
₽20278
₽31213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
trade
-
-
-
10 935
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.

-
-
-
24 929
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.

-
-
-
6 941
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.

-
-
-
1 371
total
-
-
-
44 176
Employee

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

61 064
-
111 000
-
health

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

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

6 941
-
6 941
-
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.

395
-
1 371
-
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.

7 181
-
24 929
-
total
14 517
-
33 241
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 936
111 000
-
-
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.

413
916
-
-
income
7 491
16 650
-
-
trade
8 565
19 037
-
-
chamber of commerce
224
310
-
-
total
16 693
36 913
-
-
Dividends
33 244
74 087
-
-
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.

436
997
-
-
withholding
7 925
18 136
-
-
total
8 361
19 133
-
-
Income
111 000
111 000
111 000
111 000
Total tax
39 571
56 046
33 241
44 176
After tax
71 429
54 954
77 759
66 824
Living cost
46 546
46 546
46 546
46 546
Free-cash
24 883
8 408
31 213
20 278

Estimated living cost  is ₽46546 per week

₽33996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21182
₽27183
₽28891
₽33743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
11 900
pensions
-
-
-
26 272
other
-
-
-
3 442
health
-
-
-
2 570
surtax
-
-
-
-
social contributions
-
-
-
3 162
total
-
-
-
47 346
Employee
43 486
-
89 599
-
social contributions
1 240
-
2 553
-
surtax
-
-
-
-
income
2 566
-
13 934
-
pensions
4 917
-
4 606
-
total
8 723
-
21 093
-
Employer
43 486
-
89 599
-
other
1 500
-
3 091
-
social contributions
131
-
268
-
unemployment
1 760
-
3 629
-
pensions
7 144
-
8 045
-
health
3 045
-
6 368
-
total
13 580
-
21 401
-
Corporate
53 934
111 000
-
-
surtax
-
-
-
-
income
15 101
31 080
-
-
total
15 101
31 080
-
-
Dividends
38 833
79 920
-
-
surtax
-
-
-
-
social contributions
6 679
13 746
-
-
withholding
4 971
10 229
-
-
total
11 650
23 975
-
-
Income
111 000
111 000
111 000
111 000
Total tax
49 054
55 055
42 494
47 346
After tax
61 946
55 945
68 506
63 654
Living cost
34 763
34 763
34 763
34 763
Free-cash
27 183
21 182
33 743
28 891

Estimated living cost  is ₽34763 per week

₽21919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24626
₽30270
₽32335
₽37187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
11 900
pensions
-
-
-
26 272
other
-
-
-
3 442
health
-
-
-
2 570
surtax
-
-
-
-
social contributions
-
-
-
3 162
total
-
-
-
47 346
Employee
38 817
-
89 599
-
social contributions
1 107
-
2 553
-
surtax
-
-
-
-
income
2 001
-
13 934
-
pensions
4 390
-
4 606
-
total
7 498
-
21 093
-
Employer
38 817
-
89 599
-
other
1 340
-
3 091
-
social contributions
116
-
268
-
unemployment
1 571
-
3 629
-
pensions
6 378
-
8 045
-
health
2 717
-
6 368
-
total
12 122
-
21 401
-
Corporate
60 060
111 000
-
-
surtax
-
-
-
-
income
16 818
31 080
-
-
total
16 818
31 080
-
-
Dividends
43 243
79 920
-
-
surtax
-
-
-
-
social contributions
7 437
13 746
-
-
withholding
5 536
10 229
-
-
total
12 973
23 975
-
-
Income
111 000
111 000
111 000
111 000
Total tax
49 411
55 055
42 494
47 346
After tax
61 589
55 945
68 506
63 654
Living cost
31 319
31 319
31 319
31 319
Free-cash
30 270
24 626
37 187
32 335

Estimated living cost  is ₽31319 per week

₽18163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46177
₽46702
₽49741
₽49448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
16 650
health
-
-
-
7 747
social contributions
-
-
-
15 317
total
-
-
-
39 714
Employee
34 451
-
111 000
-
social contributions
4 755
-
15 317
-
health
2 404
-
7 747
-
income
5 746
-
16 943
-
total
12 905
-
40 007
-
Employer
34 451
-
111 000
-
total
-
-
-
-
Corporate
76 549
111 000
-
-
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%.

3 827
5 549
-
-
total
3 827
5 549
-
-
Dividends
72 722
105 451
-
-
health
5 077
7 360
-
-
social contributions
10 036
14 552
-
-
withholding
10 908
15 817
-
-
total
26 021
37 729
-
-
Income
111 000
111 000
111 000
111 000
Total tax
42 753
43 278
40 007
39 714
After tax
68 247
67 722
70 993
71 286
Living cost
21 545
21 545
21 545
21 545
Free-cash
46 702
46 177
49 448
49 741

Estimated living cost  is ₽21545 per week

₽14419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1329
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26261
₽24692
₽19632
-₽3336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
chamber of commerce
-
-
-
443
income
-
-
-
19 663
pensions
-
-
-
20 535
unemployment
-
-
-
6 232
health
-
-
-
8 492
surtax
-
-
-
201
total
-
-
-
55 566
Employee
50 778
40 492
86 038
-
other
507
405
860
-
health
1 965
1 568
3 330
-
income
5 781
2 987
17 444
-
pensions
5 200
4 146
8 810
-
unemployment
1 523
1 215
2 582
-
total
14 976
10 321
33 026
-
Employer
50 778
40 492
86 038
-
accident
659
526
1 118
-
other
2 412
1 922
4 086
-
chamber of commerce
202
162
343
-
unemployment
1 523
1 215
2 582
-
surtax
201
201
201
-
pensions
6 373
5 083
10 798
-
payroll
1 523
1 215
2 582
-
health
1 919
1 531
3 253
-
total
14 812
11 855
24 963
-
Corporate
45 410
58 654
82 182
-
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.

11 353
14 664
20 545
-
total
11 353
14 664
20 545
-
Dividends
34 056
43 990
-
-
withholding
9 365
12 097
-
-
total
9 365
12 097
-
-
Income
111 000
111 000
111 000
111 000
Total tax
50 506
48 937
78 534
55 566
After tax
60 494
62 063
32 466
55 434
Living cost
35 802
35 802
35 802
35 802
Free-cash
24 692
26 261
-3 336
19 632

Estimated living cost  is ₽35802 per week

₽23878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25173
₽9933
₽13940
₽5663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
national
-
-
-
36 599
communal

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

-
-
-
5 590
social contributions
-
-
-
17 824
total
-
-
-
60 013
Employee

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

72 680
-
85 972
-
communal

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

3 791
-
4 485
-
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.

3 415
-
4 041
-
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.

5 451
-
6 448
-
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.

632
-
748
-
national
22 345
-
27 543
-
total
35 634
-
43 265
-
Employer

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

72 680
-
85 972
-
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.

945
-
1 118
-
unemployment

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

1 060
-
1 255
-
surtax
8 241
-
9 749
-
pensions

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

6 440
-
7 616
-
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.

4 470
-
5 287
-
total
21 156
-
25 025
-
Corporate
17 164
111 000
-
-
surtax
69
443
-
-
income
3 432
22 201
-
-
total
3 501
22 644
-
-
Dividends
13 663
88 356
-
-
withholding

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

3 729
26 136
-
-
total
3 729
26 136
-
-
Income
111 000
111 000
111 000
111 000
Total tax
64 020
48 780
68 290
60 013
After tax
46 980
62 220
42 710
50 987
Living cost
37 047
37 047
37 047
37 047
Free-cash
9 933
25 173
5 663
13 940

Estimated living cost  is ₽37047 per week

₽23863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38073
₽29982
₽23727
₽21251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
848
income
-
-
-
22 327
pensions
-
-
-
26 651
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
50 579
Employee
50 577
-
84 168
-
other
50
-
85
-
income
10 671
-
20 875
-
pensions
2 377
-
3 957
-
unemployment
785
-
1 305
-
total
13 883
-
26 222
-
Employer
50 577
-
84 168
-
accident
1 001
-
1 666
-
other
403
-
673
-
unemployment
2 782
-
4 630
-
pensions
11 935
-
19 864
-
total
16 121
-
26 833
-
Corporate
44 301
111 000
-
-
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.

6 644
16 650
-
-
total
6 644
16 650
-
-
Dividends
37 657
94 350
-
-
withholding
7 676
19 583
-
-
total
7 676
19 583
-
-
Income
111 000
111 000
111 000
111 000
Total tax
44 324
36 233
53 055
50 579
After tax
66 676
74 767
57 945
60 421
Living cost
36 694
36 694
36 694
36 694
Free-cash
29 982
38 073
21 251
23 727

Estimated living cost  is ₽36694 per week

₽27021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12389
₽5008
₽7004
₽11680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
935
income
-
-
-
10 889
pensions
-
-
-
16 638
health
-
-
-
7 799
surtax
-
-
-
5 503
communal
-
-
-
7 015
total
-
-
-
48 779
Employee
76 946
-
99 149
-
health
3 424
-
4 414
-
surtax
4 716
-
6 076
-
income
7 432
-
13 831
-
pensions
6 155
-
7 932
-
total
21 727
-
32 253
-
Employer
76 946
-
99 149
-
accident
692
-
893
-
pensions
6 155
-
7 932
-
health
2 347
-
3 025
-
total
9 194
-
11 850
-
Corporate
24 861
111 000
-
-
surtax
260
1 165
-
-
communal
-
7 493
-
-
income
3 729
16 650
-
-
total
3 989
25 308
-
-
Dividends
20 871
85 693
-
-
income
12 734
5 233
-
-
withholding
3 131
12 853
-
-
total
15 865
18 086
-
-
Income
111 000
111 000
111 000
111 000
Total tax
50 775
43 394
44 103
48 779
After tax
60 225
67 606
66 897
62 221
Living cost
55 217
55 217
55 217
55 217
Free-cash
5 008
12 389
11 680
7 004

Estimated living cost  is ₽55217 per week

₽41421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46996
₽43766
₽33002
₽31160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
22 041
pensions
-
-
-
22 201
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
7 880
surtax
-
-
-
2 823
total
-
-
-
55 176
Employee
34 217
-
91 697
-
other
-
-
-
-
health
873
-
2 337
-
surtax
121
-
2 539
-
income
5 736
-
20 340
-
pensions
2 283
-
6 116
-
unemployment
2 381
-
6 382
-
total
11 394
-
37 714
-
Employer
34 217
-
91 697
-
other
-
-
-
-
unemployment
1 086
-
2 908
-
pensions
4 562
-
12 223
-
health
1 556
-
4 173
-
total
7 204
-
19 304
-
Corporate
69 579
111 000
-
-
income
18 090
28 861
-
-
total
18 090
28 861
-
-
Dividends
51 489
82 139
-
-
withholding
7 724
12 321
-
-
total
7 724
12 321
-
-
Income
111 000
111 000
111 000
111 000
Total tax
44 412
41 182
57 018
55 176
After tax
66 588
69 818
53 982
55 824
Living cost
22 822
22 822
22 822
22 822
Free-cash
43 766
46 996
31 160
33 002

Estimated living cost  is ₽22822 per week

₽13779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30973
₽28718
₽28512
₽23257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
659
regional
-
-
-
1 674
national
-
-
-
24 235
social contributions
-
-
-
28 549
total
-
-
-
55 117
Employee
56 363
-
111 000
-
social contributions
19 006
-
37 430
-
regional
759
-
1 493
-
municipal
299
-
588
-
national
8 929
-
20 861
-
total
28 993
-
60 372
-
Employer
56 363
-
111 000
-
total
-
-
-
-
Corporate
54 637
111 000
-
-
nationa
13 113
26 640
-
-
municipal
2 715
5 516
-
-
total
15 828
32 156
-
-
Dividends
38 809
78 844
-
-
withholding
10 090
20 500
-
-
total
10 090
20 500
-
-
Income
111 000
111 000
111 000
111 000
Total tax
54 911
52 656
60 372
55 117
After tax
56 089
58 344
50 628
55 883
Living cost
27 371
27 371
27 371
27 371
Free-cash
28 718
30 973
23 257
28 512

Estimated living cost  is ₽27371 per week

₽17022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2773
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.
₽7107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46513
₽35842
₽24152
₽26418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
9 540
health
-
-
-
14 985
solidarity contribution
-
-
-
-
social contributions
-
-
-
32 412
total
-
-
-
56 937
Employee
43 987
-
82 836
-
social contributions
2 859
-
5 384
-
health
5 938
-
11 183
-
solidarity contribution
-
-
-
-
income
5 278
-
9 940
-
total
14 075
-
26 507
-
Employer
43 987
-
82 836
-
social contributions
10 997
-
20 709
-
health
3 959
-
7 455
-
total
14 956
-
28 164
-
Corporate
52 057
111 000
-
-
income
9 891
21 090
-
-
total
9 891
21 090
-
-
Dividends
42 166
89 910
-
-
withholding
6 325
13 486
-
-
total
6 325
13 486
-
-
Income
111 000
111 000
111 000
111 000
Total tax
45 247
34 576
54 671
56 937
After tax
65 753
76 424
56 329
54 063
Living cost
29 911
29 911
29 911
29 911
Free-cash
35 842
46 513
26 418
24 152

Estimated living cost  is ₽29911 per week

₽22244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29757
₽29257
₽23219
₽83
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
chamber of commerce
-
-
-
443
income
-
-
-
19 663
pensions
-
-
-
20 535
unemployment
-
-
-
6 232
health
-
-
-
8 492
surtax
-
-
-
-
total
-
-
-
55 365
Employee
44 415
40 492
86 194
-
other
443
405
862
-
health
1 718
1 568
3 336
-
income
3 957
2 987
17 498
-
pensions
4 549
4 146
8 827
-
unemployment
1 332
1 215
2 586
-
total
11 999
10 321
33 109
-
Employer
44 415
40 492
86 194
-
accident
577
526
1 120
-
other
2 109
1 922
4 094
-
chamber of commerce
177
162
345
-
unemployment
1 332
1 215
2 586
-
surtax
-
-
-
-
pensions
5 574
5 083
10 817
-
payroll
1 332
1 215
2 586
-
health
1 679
1 531
3 259
-
total
12 780
11 654
24 807
-
Corporate
53 803
58 855
82 338
-
income

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

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

13 451
14 714
20 585
-
total
13 451
14 714
20 585
-
Dividends
40 352
44 141
-
-
withholding
11 097
12 138
-
-
total
11 097
12 138
-
-
Income
111 000
111 000
111 000
111 000
Total tax
49 327
48 827
78 501
55 365
After tax
61 673
62 173
32 499
55 635
Living cost
32 416
32 416
32 416
32 416
Free-cash
29 257
29 757
83
23 219

Estimated living cost  is ₽32416 per week

₽19446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91017
₽88311
₽95457
₽74367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
111 000
microenterprise

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

-
-
-
1 110
total
-
-
-
1 110
Employee
18 041
-
111 000
-
income
3 608
-
22 200
-
total
3 608
-
22 200
-
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%.

92 959
111 000
-
-
total
-
-
-
-
Dividends
92 959
111 000
-
-
withholding
4 648
5 550
-
-
total
4 648
5 550
-
-
Income
111 000
111 000
111 000
111 000
Total tax
8 256
5 550
22 200
1 110
After tax
102 744
105 450
88 800
109 890
Living cost
14 433
14 433
14 433
14 433
Free-cash
88 311
91 017
74 367
95 457

Estimated living cost  is ₽14433 per week

₽9767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49171
₽40671
₽29765
₽26581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
income
-
-
-
22 624
pensions
-
-
-
20 271
unemployment
-
-
-
166
health
-
-
-
10 921
total
-
-
-
53 982
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.

44 931
-
96 045
-
health
2 902
-
6 205
-
income
7 748
-
20 984
-
pensions
6 965
-
14 887
-
unemployment
64
-
135
-
total
17 679
-
42 211
-
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.

44 931
-
96 045
-
unemployment
27
-
58
-
pensions
3 976
-
8 499
-
health
2 993
-
6 398
-
total
6 996
-
14 955
-
Corporate
59 074
111 000
-
-
income
11 224
21 090
-
-
total
11 224
21 090
-
-
Dividends
47 850
89 910
-
-
withholding
7 177
13 486
-
-
total
7 177
13 486
-
-
Income
111 000
111 000
111 000
111 000
Total tax
43 076
34 576
57 166
53 982
After tax
67 924
76 424
53 834
57 018
Living cost
27 253
27 253
27 253
27 253
Free-cash
40 671
49 171
26 581
29 765

Estimated living cost  is ₽27253 per week

₽18703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23639
-₽40677
₽32817
₽53725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
21 636
social contributions
-
-
-
12 654
total
-
-
-
34 290
Employee
62 937
-
-
-
social contributions
5 161
-
735
-
income
13 883
-
-
-
total
19 044
-
735
-
Employer
62 937
-
-
-
social contributions
88 740
-
12 647
-
total
88 740
-
12 647
-
Corporate
-
111 000
-
-
income
-
24 420
-
-
total
-
24 420
-
-
Dividends
-
86 580
-
-
income
-
19 048
-
-
total
-
19 048
-
-
Income
111 000
111 000
111 000
111 000
Total tax
107 784
43 468
13 382
34 290
After tax
3 216
67 532
97 618
76 710
Living cost
43 893
43 893
43 893
43 893
Free-cash
-40 677
23 639
53 725
32 817

Estimated living cost  is ₽43893 per week

₽28480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4128
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.
₽10726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31266
₽30241
₽29756
₽23522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
income
-
-
-
10 800
surtax
-
-
-
-
social contributions

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

-
-
-
38 573
total
-
-
-
49 373
Employee
46 731
-
89 698
-
social contributions
5 141
-
9 866
-
surtax
-
-
-
-
income
9 720
-
24 439
-
total
14 861
-
34 305
-
Employer
46 731
-
89 698
-
social contributions
11 099
-
21 302
-
total
11 099
-
21 302
-
Corporate
53 170
111 000
-
-
surtax
-
-
-
-
income
11 166
23 310
-
-
total
11 166
23 310
-
-
Dividends
42 004
87 690
-
-
withholding
11 762
24 553
-
-
total
11 762
24 553
-
-
Income
111 000
111 000
111 000
111 000
Total tax
48 888
47 863
55 607
49 373
After tax
62 112
63 137
55 393
61 627
Living cost
31 871
31 871
31 871
31 871
Free-cash
30 241
31 266
23 522
29 756

Estimated living cost  is ₽31871 per week

₽23846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1880
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6870
₽13856
₽14579
₽19431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
11 900
pensions
-
-
-
26 272
other
-
-
-
3 442
health
-
-
-
2 570
surtax
-
-
-
-
social contributions
-
-
-
3 162
total
-
-
-
47 346
Employee
63 638
-
89 599
-
social contributions
1 812
-
2 553
-
surtax
-
-
-
-
income
5 553
-
13 934
-
pensions
7 198
-
4 606
-
total
14 563
-
21 093
-
Employer
63 638
-
89 599
-
other
2 196
-
3 091
-
social contributions
191
-
268
-
unemployment
2 578
-
3 629
-
pensions
10 456
-
8 045
-
health
4 454
-
6 368
-
total
19 875
-
21 401
-
Corporate
27 486
111 000
-
-
surtax
-
-
-
-
income
7 695
31 080
-
-
total
7 695
31 080
-
-
Dividends
19 791
79 920
-
-
surtax
-
-
-
-
social contributions
3 403
13 746
-
-
withholding
2 534
10 229
-
-
total
5 937
23 975
-
-
Income
111 000
111 000
111 000
111 000
Total tax
48 070
55 055
42 494
47 346
After tax
62 930
55 945
68 506
63 654
Living cost
49 074
49 074
49 074
49 074
Free-cash
13 856
6 870
19 431
14 579

Estimated living cost  is ₽49074 per week

₽33213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽673
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69358
₽65945
₽53551
₽56501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
2 487
social contributions
-
-
-
24 420
total
-
-
-
26 907
Employee
32 665
-
96 103
-
income
-
-
2 815
-
social contributions
2 123
-
6 245
-
total
2 123
-
9 060
-
Employer
32 665
-
96 103
-
social contributions
5 063
-
14 897
-
total
5 063
-
14 897
-
Corporate
73 271
111 000
-
-
income
7 327
11 100
-
-
total
7 327
11 100
-
-
Dividends
65 944
99 900
-
-
total
-
-
-
-
Income
111 000
111 000
111 000
111 000
Total tax
14 513
11 100
23 957
26 907
After tax
96 487
99 900
87 043
84 093
Living cost
30 542
30 542
30 542
30 542
Free-cash
65 945
69 358
56 501
53 551

Estimated living cost  is ₽30542 per week

₽19748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2302
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽110352
-₽110352
₽19361
-₽110352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
21 104
pensions
-
-
-
881
national
-
-
-
11 916
labour market
-
-
-
8 810
total
-
-
-
42 711
Employee
206 514
206 514
206 514
-
labour market
16 498
16 498
16 498
-
national
25 229
25 229
25 229
-
municipal
43 976
43 976
43 976
-
pensions
294
294
294
-
total
85 997
85 997
85 997
-
Employer
206 514
206 514
206 514
-
labour market
16 521
16 521
16 521
-
municipal
44 046
44 046
44 046
-
pensions
587
587
587
-
national
25 273
25 273
25 273
-
total
86 427
86 427
86 427
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
111 000
111 000
111 000
111 000
Total tax
172 424
172 424
172 424
42 711
After tax
-61 424
-61 424
-61 424
68 289
Living cost
48 928
48 928
48 928
48 928
Free-cash
-110 352
-110 352
-110 352
19 361

Estimated living cost  is ₽48928 per week

₽33487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽752
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12871
₽5638
₽54257
₽36089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
255
income
-
-
-
27 855
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
34 881
Employee
34 391
-
95 935
-
health
3 938
-
10 985
-
income
4 718
-
19 305
-
pensions
3 873
-
7 695
-
total
12 529
-
37 985
-
Employer
34 391
-
95 935
-
accident
574
-
1 602
-
unemployment
843
-
2 350
-
pensions
5 592
-
11 112
-
total
7 009
-
15 064
-
Corporate
69 600
111 000
-
-
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.

62 640
99 900
-
-
total
62 640
99 900
-
-
Dividends
6 960
11 100
-
-
withholding
1 322
2 109
-
-
total
1 322
2 109
-
-
Income
111 000
111 000
111 000
111 000
Total tax
83 500
102 009
53 049
34 881
After tax
27 500
8 991
57 951
76 119
Living cost
21 862
21 862
21 862
21 862
Free-cash
5 638
-12 871
36 089
54 257

Estimated living cost  is ₽21862 per week

₽15913
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1246
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34078
₽32841
₽38760
₽23544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
111 000
municipal
-
-
-
19 748
health
-
-
-
1 286
national
-
-
-
12 197
total
-
-
-
33 231
Employee
53 457
-
93 378
-
health
399
-
1 014
-
municipal
8 756
-
15 238
-
pensions
3 608
-
6 303
-
unemployment
802
-
1 400
-
national
883
-
6 873
-
total
14 448
-
30 828
-
Employer
53 457
-
93 378
-
accident
54
-
93
-
unemployment
347
-
607
-
pensions
9 275
-
16 200
-
health
411
-
719
-
total
10 087
-
17 619
-
Corporate
47 457
111 000
-
-
income
9 490
22 201
-
-
total
9 490
22 201
-
-
Dividends

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

28 475
66 599
-
-
national
-
3 725
-
-
municipal
5 125
11 987
-
-
total
5 125
15 712
-
-
Income
111 000
111 000
111 000
111 000
Total tax
39 150
37 913
48 447
33 231
After tax
71 850
73 087
62 553
77 769
Living cost
39 009
39 009
39 009
39 009
Free-cash
32 841
34 078
23 544
38 760

Estimated living cost  is ₽39009 per week

₽25481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3752
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.
₽9157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57671
₽52143
₽54549
₽53825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
13 655
health
-
-
-
2 831
social contributions
-
-
-
16 440
total
-
-
-
32 926
Employee
78 130
78 130
100 771
-
social contributions
2 954
6 484
8 364
-
health
605
1 329
1 712
-
income
8 507
7 233
13 345
-
total
12 066
15 046
23 421
-
Employer
78 130
78 130
100 771
-
social contributions
2 954
6 484
8 364
-
health
658
1 446
1 865
-
total
3 612
7 930
10 229
-
Corporate
71 797
24 939
-
-
income
8 974
3 118
-
-
total
8 974
3 118
-
-
Dividends
62 824
21 821
-
-
withholding
10 680
3 710
-
-
total
10 680
3 710
-
-
Income
111 000
111 000
111 000
111 000
Total tax
35 332
29 804
33 650
32 926
After tax
75 668
81 196
77 350
78 074
Living cost
23 525
23 525
23 525
23 525
Free-cash
52 143
57 671
53 825
54 549

Estimated living cost  is ₽23525 per week

₽14099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75787
₽70618
₽73967
₽53586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
111 000
income
-
-
-
10 732
pensions
-
-
-
6 463
unemployment
-
-
-
29
health
-
-
-
3 677
total
-
-
-
20 901
Employee

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

23 322
-
101 070
-
health
1 982
-
8 195
-
income
1 595
-
8 214
-
pensions
3 498
-
14 461
-
unemployment
116
-
482
-
total
7 191
-
31 352
-
Employer

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

23 322
-
101 070
-
unemployment
116
-
482
-
pensions
1 282
-
5 302
-
health
1 003
-
4 146
-
total
2 401
-
9 930
-
Corporate
85 277
111 000
-
-
income
7 674
9 990
-
-
total
7 674
9 990
-
-
Dividends
77 603
101 010
-
-
withholding
6 984
9 091
-
-
total
6 984
9 091
-
-
Income
111 000
111 000
111 000
111 000
Total tax
24 250
19 081
41 282
20 901
After tax
86 750
91 919
69 718
90 099
Living cost
16 132
16 132
16 132
16 132
Free-cash
70 618
75 787
53 586
73 967

Estimated living cost  is ₽16132 per week

₽10293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46826
₽41496
₽32480
₽30004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
848
income
-
-
-
22 327
pensions
-
-
-
26 651
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
50 579
Employee
37 570
-
84 168
-
other
37
-
85
-
income
7 243
-
20 875
-
pensions
1 766
-
3 957
-
unemployment
582
-
1 305
-
total
9 628
-
26 222
-
Employer
37 570
-
84 168
-
accident
744
-
1 666
-
other
301
-
673
-
unemployment
2 067
-
4 630
-
pensions
8 866
-
19 864
-
total
11 978
-
26 833
-
Corporate
61 452
111 000
-
-
income

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

9 219
16 650
-
-
total
9 219
16 650
-
-
Dividends
52 234
94 350
-
-
withholding
10 738
19 583
-
-
total
10 738
19 583
-
-
Income
111 000
111 000
111 000
111 000
Total tax
41 563
36 233
53 055
50 579
After tax
69 437
74 767
57 945
60 421
Living cost
27 941
27 941
27 941
27 941
Free-cash
41 496
46 826
30 004
32 480

Estimated living cost  is ₽27941 per week

₽18859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2686
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.
₽5906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66483
₽66027
₽67735
₽67538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
36 984
pensions
-
-
-
2 029
health
-
-
-
1 471
total
-
-
-
40 484
Employee
4 236
-
108 718
-
health
212
-
507
-
income
820
-
36 877
-
pensions
381
-
913
-
unemployment
42
-
101
-
total
1 455
-
38 398
-
Employer
4 236
-
108 718
-
unemployment
85
-
203
-
pensions
466
-
1 116
-
health
402
-
964
-
total
953
-
2 283
-
Corporate
105 810
111 000
-
-
income
23 278
24 420
-
-
total
23 278
24 420
-
-
Dividends
82 532
86 580
-
-
withholding
16 506
17 316
-
-
total
16 506
17 316
-
-
Income
111 000
111 000
111 000
111 000
Total tax
42 192
41 736
40 681
40 484
After tax
68 808
69 264
70 319
70 516
Living cost
2 781
2 781
2 781
2 781
Free-cash
66 027
66 483
67 538
67 735

Estimated living cost  is ₽2781 per week

₽1653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽225
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽64
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62640
₽57642
₽42311
₽42310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
income
-
-
-
22 769
pensions
-
-
-
19 509
unemployment
-
-
-
1 125
health
-
-
-
7 728
total
-
-
-
51 131
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.

26 477
-
97 569
-
health
1 364
-
3 864
-
income
3 650
-
22 769
-
pensions
3 707
-
10 505
-
unemployment
199
-
563
-
total
8 920
-
37 701
-
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.

26 477
-
97 569
-
unemployment
199
-
563
-
pensions
3 177
-
9 004
-
health
1 364
-
3 864
-
total
4 740
-
13 431
-
Corporate
79 784
111 000
-
-
income
11 968
16 650
-
-
total
11 968
16 650
-
-
Dividends
67 816
94 350
-
-
withholding
10 172
14 152
-
-
total
10 172
14 152
-
-
Income
111 000
111 000
111 000
111 000
Total tax
35 800
30 802
51 132
51 131
After tax
75 200
80 198
59 868
59 869
Living cost
17 558
17 558
17 558
17 558
Free-cash
57 642
62 640
42 310
42 311

Estimated living cost  is ₽17558 per week

₽11822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽35745
₽35380
₽34235
₽28001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
income
-
-
-
10 800
surtax
-
-
-
-
social contributions

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

-
-
-
38 573
total
-
-
-
49 373
Employee
39 436
-
89 698
-
social contributions
4 338
-
9 866
-
surtax
-
-
-
-
income
7 705
-
24 439
-
total
12 043
-
34 305
-
Employer
39 436
-
89 698
-
social contributions
9 365
-
21 302
-
total
9 365
-
21 302
-
Corporate
62 199
111 000
-
-
surtax
-
-
-
-
income
13 061
23 310
-
-
total
13 061
23 310
-
-
Dividends
49 138
87 690
-
-
withholding
13 759
24 553
-
-
total
13 759
24 553
-
-
Income
111 000
111 000
111 000
111 000
Total tax
48 228
47 863
55 607
49 373
After tax
62 772
63 137
55 393
61 627
Living cost
27 392
27 392
27 392
27 392
Free-cash
35 380
35 745
28 001
34 235

Estimated living cost  is ₽27392 per week

₽19401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39058
₽31309
₽24712
₽22236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
848
income
-
-
-
22 327
pensions
-
-
-
26 651
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
50 579
Employee
49 071
-
84 168
-
other
48
-
85
-
income
10 249
-
20 875
-
pensions
2 306
-
3 957
-
unemployment
760
-
1 305
-
total
13 363
-
26 222
-
Employer
49 071
-
84 168
-
accident
972
-
1 666
-
other
393
-
673
-
unemployment
2 699
-
4 630
-
pensions
11 581
-
19 864
-
total
15 645
-
26 833
-
Corporate
46 284
111 000
-
-
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.

6 943
16 650
-
-
total
6 943
16 650
-
-
Dividends
39 340
94 350
-
-
withholding
8 031
19 583
-
-
total
8 031
19 583
-
-
Income
111 000
111 000
111 000
111 000
Total tax
43 982
36 233
53 055
50 579
After tax
67 018
74 767
57 945
60 421
Living cost
35 709
35 709
35 709
35 709
Free-cash
31 309
39 058
22 236
24 712

Estimated living cost  is ₽35709 per week

₽25645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2777
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77426
₽71233
₽67394
₽71015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
16 650
pensions

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

-
-
-
5 253
unemployment
-
-
-
142
health
-
-
-
4 082
total
-
-
-
26 127
Employee
23 145
-
104 037
-
health
1 065
-
1 633
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
income
2 315
-
10 404
-
pensions

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

2 032
-
3 116
-
total
5 666
-
15 543
-
Employer
23 145
-
104 037
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
unemployment
139
-
213
-
pensions

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

2 551
-
3 911
-
health
1 597
-
2 449
-
total
4 541
-
6 963
-
Corporate
83 314
111 000
-
-
income
8 332
11 100
-
-
total
8 332
11 100
-
-
Dividends
74 982
99 900
-
-
withholding
3 749
4 995
-
-
total
3 749
4 995
-
-
Income
111 000
111 000
111 000
111 000
Total tax
22 288
16 095
22 506
26 127
After tax
88 712
94 905
88 494
84 873
Living cost
17 479
17 479
17 479
17 479
Free-cash
71 233
77 426
71 015
67 394

Estimated living cost  is ₽17479 per week

₽11561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽417
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18011
₽31304
₽29383
₽38532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
trade
-
-
-
9 149
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.

-
-
-
24 929
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.

-
-
-
6 941
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.

-
-
-
1 371
total
-
-
-
42 390
Employee

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

50 555
-
111 000
-
health

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

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

6 941
-
6 941
-
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.

229
-
1 371
-
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.

4 157
-
24 929
-
total
11 327
-
33 241
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 445
111 000
-
-
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.

499
916
-
-
income
9 066
16 650
-
-
trade
8 673
15 929
-
-
chamber of commerce
243
316
-
-
total
18 481
33 811
-
-
Dividends
41 963
77 190
-
-
surtax

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

555
1 039
-
-
withholding
10 106
18 912
-
-
total
10 661
19 951
-
-
Income
111 000
111 000
111 000
111 000
Total tax
40 469
53 762
33 241
42 390
After tax
70 531
57 238
77 759
68 610
Living cost
39 227
39 227
39 227
39 227
Free-cash
31 304
18 011
38 532
29 383

Estimated living cost  is ₽39227 per week

₽27060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4221
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.
₽7377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19822
₽22066
₽15444
₽15444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
27 606
social contributions
-
-
-
10 071
total
-
-
-
37 677
Employee
79 479
-
111 000
-
income
14 997
-
27 606
-
social contributions
6 603
-
10 071
-
total
21 600
-
37 677
-
Employer
79 479
-
111 000
-
total
-
-
-
-
Corporate
31 521
111 000
-
-
income
3 939
13 875
-
-
total
3 939
13 875
-
-
Dividends
27 582
97 125
-
-
withholding
5 516
19 424
-
-
total
5 516
19 424
-
-
Income
111 000
111 000
111 000
111 000
Total tax
31 055
33 299
37 677
37 677
After tax
79 945
77 701
73 323
73 323
Living cost
57 879
57 879
57 879
57 879
Free-cash
22 066
19 822
15 444
15 444

Estimated living cost  is ₽57879 per week

₽44034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8577
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29898
₽33450
₽38382
₽44784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
income
-
-
-
28 923
health

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

-
-
-
6 812
total
-
-
-
35 735
Employee
46 611
-
106 326
-
income
5 058
-
19 985
-
social contributions
4 670
-
4 674
-
total
9 728
-
24 659
-
Employer
46 611
-
106 326
-
social contributions
4 670
-
4 674
-
total
4 670
-
4 674
-
Corporate
59 719
111 000
-
-
income
20 901
38 851
-
-
total
20 901
38 851
-
-
Dividends
38 818
72 149
-
-
social contributions
5 368
5 368
-
-
total
5 368
5 368
-
-
Income
111 000
111 000
111 000
111 000
Total tax
40 667
44 219
29 333
35 735
After tax
70 333
66 781
81 667
75 265
Living cost
36 883
36 883
36 883
36 883
Free-cash
33 450
29 898
44 784
38 382

Estimated living cost  is ₽36883 per week

₽24295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42129
₽39409
₽40814
₽30840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
income
-
-
-
24 381
pensions
-
-
-
7 818
total
-
-
-
32 199
Employee
52 143
-
97 606
-
health
680
-
1 613
-
income
9 496
-
17 730
-
pensions
3 980
-
9 435
-
total
14 156
-
28 778
-
Employer
52 143
-
97 606
-
pensions
5 268
-
11 541
-
health
991
-
1 854
-
total
6 259
-
13 395
-
Corporate
52 598
111 000
-
-
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.

9 993
21 090
-
-
total
9 993
21 090
-
-
Dividends
42 605
89 910
-
-
withholding
3 196
9 794
-
-
total
3 196
9 794
-
-
Income
111 000
111 000
111 000
111 000
Total tax
33 604
30 884
42 173
32 199
After tax
77 396
80 116
68 827
78 801
Living cost
37 987
37 987
37 987
37 987
Free-cash
39 409
42 129
30 840
40 814

Estimated living cost  is ₽37987 per week

₽26059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽15036
₽5306
₽52092
₽33924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
accident
-
-
-
255
income
-
-
-
27 855
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
34 881
Employee
37 795
-
95 935
-
health
4 327
-
10 985
-
income
5 185
-
19 305
-
pensions
4 256
-
7 695
-
total
13 768
-
37 985
-
Employer
37 795
-
95 935
-
accident
631
-
1 602
-
unemployment
926
-
2 350
-
pensions
6 145
-
11 112
-
total
7 702
-
15 064
-
Corporate
65 503
111 000
-
-
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.

58 952
99 900
-
-
total
58 952
99 900
-
-
Dividends
6 550
11 100
-
-
withholding
1 245
2 109
-
-
total
1 245
2 109
-
-
Income
111 000
111 000
111 000
111 000
Total tax
81 667
102 009
53 049
34 881
After tax
29 333
8 991
57 951
76 119
Living cost
24 027
24 027
24 027
24 027
Free-cash
5 306
-15 036
33 924
52 092

Estimated living cost  is ₽24027 per week

₽17633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
Skopje , Macedonia
₽79712
₽75725
₽49501
₽57732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
111 000
work injury
-
-
-
555
health insurance
-
-
-
8 214
income
-
-
-
17 279
pensions
-
-
-
20 424
unemployment
-
-
-
1 332
total
-
-
-
47 804
Employee

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

21 911
-
111 000
-
work injury
110
-
405
-
income
2 191
-
17 279
-
pensions
4 032
-
14 917
-
health insurance
1 621
-
5 999
-
unemployment
263
-
973
-
total
8 217
-
39 573
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 089
111 000
-
-
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%.

-
1 110
-
-
total
-
1 110
-
-
Dividends
89 089
109 890
-
-
withholding
13 363
16 483
-
-
total
13 363
16 483
-
-
Income
111 000
111 000
111 000
111 000
Total tax
21 580
17 593
39 573
47 804
After tax
89 420
93 407
71 427
63 196
Living cost
13 695
13 695
13 695
13 695
Free-cash
75 725
79 712
57 732
49 501

Estimated living cost  is ₽13695 per week

₽8484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17988
₽13368
₽14693
₽9616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
111 000
municipal
-
-
-
742
regional
-
-
-
2 303
national
-
-
-
24 235
social contributions
-
-
-
28 549
total
-
-
-
55 829
Employee
85 620
-
111 000
-
social contributions
28 871
-
37 430
-
regional
1 293
-
1 954
-
municipal
511
-
661
-
national
14 469
-
20 861
-
total
45 144
-
60 906
-
Employer
85 620
-
111 000
-
total
-
-
-
-
Corporate
25 380
111 000
-
-
nationa
6 091
26 640
-
-
municipal
1 222
5 351
-
-
total
7 313
31 991
-
-
Dividends
18 067
79 010
-
-
withholding
4 697
20 543
-
-
total
4 697
20 543
-
-
Income
111 000
111 000
111 000
111 000
Total tax
57 154
52 534
60 906
55 829
After tax
53 846
58 466
50 094
55 171
Living cost
40 478
40 478
40 478
40 478
Free-cash
13 368
17 988
9 616
14 693

Estimated living cost  is ₽40478 per week

₽28433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Rome model

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