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
₽ 114500
per

Your estimated
City
free-cash

Dresden , Germany
₽27882
₽47424
₽36635
₽38821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income

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

-
-
-
28 764
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.

-
-
-
1 583
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.

-
-
-
6 760
trade
-
-
-
10 789
total
-
-
-
47 896
Employee

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

37 844
-
114 500
-
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.

58
-
1 583
-
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.

1 057
-
28 764
-
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.

6 760
-
6 760
-
total
7 875
-
37 107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 656
114 500
-
-
income
11 499
17 175
-
-
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.

633
944
-
-
chamber of commerce
261
315
-
-
trade
12 073
18 033
-
-
total
24 466
36 467
-
-
Dividends
52 190
78 032
-
-
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.

697
1 051
-
-
withholding
12 672
19 131
-
-
total
13 369
20 182
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 710
56 649
37 107
47 896
After tax
68 790
57 851
77 393
66 604
Living cost
29 969
29 969
29 969
29 969
Free-cash
38 821
27 882
47 424
36 635

Estimated living cost  is ₽29969 per week

₽18852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19046
₽17266
₽16367
₽18175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
social contributions
-
-
-
1 231
municipal
-
-
-
12 065
national
-
-
-
18 695
pensions
-
-
-
13 740
total
-
-
-
45 731
Employee
81 232
-
98 984
-
municipal
10 033
-
12 508
-
pensions
3 249
-
3 959
-
national
15 548
-
19 382
-
total
28 830
-
35 849
-
Employer
81 232
-
98 984
-
pensions
6 499
-
7 919
-
social contributions
873
-
1 064
-
total
7 372
-
8 983
-
Corporate
20 535
114 500
-
-
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%.

4 107
22 900
-
-
total
4 107
22 900
-
-
Dividends
16 428
91 600
-
-
withholding
3 614
20 152
-
-
total
3 614
20 152
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 923
43 052
44 832
45 731
After tax
70 577
71 448
69 668
68 769
Living cost
52 402
52 402
52 402
52 402
Free-cash
18 175
19 046
17 266
16 367

Estimated living cost  is ₽52402 per week

₽35617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽784
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71015
₽43776
₽40363
₽62898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
16 741
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.

-
-
-
36 811
microenterprise
-
-
-
-
total
-
-
-
53 552
Employee
28 912
-
92 272
-
surtax
-
-
-
-
social contributions

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

3 181
-
10 151
-
income
5 147
-
17 760
-
total
8 328
-
27 911
-
Employer
28 912
-
92 272
-
social contributions

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

6 964
-
22 228
-
surtax
-
-
-
-
total
6 964
-
22 228
-
Corporate
78 624
114 500
-
-
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%.

15 725
22 900
-
-
total
15 725
22 900
-
-
Dividends

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

62 898
91 600
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
31 017
22 900
50 139
53 552
After tax
83 483
91 600
64 361
60 948
Living cost
20 585
20 585
20 585
20 585
Free-cash
62 898
71 015
43 776
40 363

Estimated living cost  is ₽20585 per week

₽13132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14348
₽18797
₽23995
₽8288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
25 262
health
-
-
-
12 201
pensions
-
-
-
11 593
total
-
-
-
49 056
Employee
84 494
84 494
97 438
-
pensions
15 209
11 593
11 593
-
income

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

13 830
13 830
13 830
-
health
12 969
11 031
11 769
-
total
42 008
36 454
37 192
-
Employer
84 494
84 494
97 438
-
health
5 873
5 873
6 773
-
pensions
5 881
5 881
6 782
-
unemployment
3 042
3 042
3 507
-
total
14 796
14 796
17 062
-
Corporate
16 246
15 210
-
-
income
3 248
3 042
-
-
total
3 248
3 042
-
-
Dividends
12 998
12 168
-
-
income
2 762
2 586
-
-
withholding
1 949
1 825
-
-
total
4 711
4 411
-
-
Income
114 500
114 500
114 500
114 500
Total tax
64 763
58 703
54 254
49 056
After tax
49 737
55 797
60 246
65 444
Living cost
41 449
41 449
41 449
41 449
Free-cash
8 288
14 348
18 797
23 995

Estimated living cost  is ₽41449 per week

₽29374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽659
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21700
₽19796
₽20527
₽20785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
179
other
-
-
-
10 395
unemployment
-
-
-
90
health
-
-
-
5 582
municipal
-
-
-
26 416
national
-
-
-
824
pensions
-
-
-
9 670
total
-
-
-
53 156
Employee
58 161
-
87 125
-
municipal
17 344
-
25 981
-
national
-
-
532
-
total
17 344
-
26 513
-
Employer
58 161
-
87 125
-
health
3 577
-
5 358
-
pensions
6 287
-
9 418
-
accident
116
-
174
-
unemployment
1 535
-
2 300
-
other
6 758
-
10 124
-
total
18 273
-
27 374
-
Corporate
38 065
114 500
-
-
income
8 374
25 190
-
-
total
8 374
25 190
-
-
Dividends
29 691
89 310
-
-
withholding
8 907
26 793
-
-
total
8 907
26 793
-
-
Income
114 500
114 500
114 500
114 500
Total tax
52 898
51 983
53 887
53 156
After tax
61 602
62 517
60 613
61 344
Living cost
40 817
40 817
40 817
40 817
Free-cash
20 785
21 700
19 796
20 527

Estimated living cost  is ₽40817 per week

₽27052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽620
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18389
₽38524
₽27256
₽32290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income

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

-
-
-
28 764
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.

-
-
-
1 583
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.

-
-
-
6 760
trade
-
-
-
11 268
total
-
-
-
48 375
Employee

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

50 177
-
114 500
-
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.

237
-
1 583
-
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.

4 311
-
28 764
-
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.

6 760
-
6 760
-
total
11 308
-
37 107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 323
114 500
-
-
income
9 649
17 175
-
-
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.

531
944
-
-
chamber of commerce
242
314
-
-
trade
10 581
18 835
-
-
total
21 003
37 268
-
-
Dividends
43 320
77 232
-
-
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.

575
1 042
-
-
withholding
10 455
18 932
-
-
total
11 030
19 974
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 341
57 242
37 107
48 375
After tax
71 159
57 258
77 393
66 125
Living cost
38 869
38 869
38 869
38 869
Free-cash
32 290
18 389
38 524
27 256

Estimated living cost  is ₽38869 per week

₽25996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4099
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.
₽8194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51630
₽47048
₽48307
₽47528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
15 171
social contributions
-
-
-
16 009
health
-
-
-
2 920
total
-
-
-
34 100
Employee
76 083
76 083
104 058
-
social contributions
3 697
6 315
8 517
-
income
7 989
7 043
14 631
-
health
757
1 294
1 769
-
total
12 443
14 652
24 917
-
Employer
76 083
76 083
104 058
-
health
824
1 408
1 925
-
social contributions
3 697
6 315
8 517
-
total
4 521
7 723
10 442
-
Corporate
65 443
30 694
-
-
income
8 181
3 836
-
-
total
8 181
3 836
-
-
Dividends
57 262
26 858
-
-
withholding
9 734
4 566
-
-
total
9 734
4 566
-
-
Income
114 500
114 500
114 500
114 500
Total tax
34 879
30 777
35 359
34 100
After tax
79 621
83 723
79 141
80 400
Living cost
32 093
32 093
32 093
32 093
Free-cash
47 528
51 630
47 048
48 307

Estimated living cost  is ₽32093 per week

₽21939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46280
₽48210
₽61153
₽46660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
13 998
unemployment
-
-
-
1 717
health
-
-
-
8 015
pensions
-
-
-
11 450
total
-
-
-
35 180
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.

26 224
10 437
95 816
-
unemployment
393
157
1 437
-
pensions
2 622
1 044
9 582
-
income
3 206
1 276
11 713
-
health
1 836
731
6 707
-
total
8 057
3 208
29 439
-
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.

26 224
10 437
95 816
-
pensions
5 114
2 035
18 684
-
total
5 114
2 035
18 684
-
Corporate
83 162
102 028
-
-
income
7 485
9 183
-
-
total
7 485
9 183
-
-
Dividends
75 677
92 845
-
-
social contributions
14 638
17 986
-
-
withholding
14 379
17 641
-
-
total
29 017
35 627
-
-
Income
114 500
114 500
114 500
114 500
Total tax
49 673
50 053
48 123
35 180
After tax
64 827
64 447
66 377
79 320
Living cost
18 167
18 167
18 167
18 167
Free-cash
46 660
46 280
48 210
61 153

Estimated living cost  is ₽18167 per week

₽12397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67701
₽42096
₽37475
₽61555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
15 342
health
-
-
-
14 884
pensions
-
-
-
22 900
total
-
-
-
53 126
Employee
28 069
-
85 575
-
unemployment
449
-
1 369
-
pensions
561
-
1 712
-
income
3 160
-
16 499
-
total
4 170
-
19 580
-
Employer
28 069
-
85 575
-
health
3 648
-
11 125
-
pensions
5 614
-
17 115
-
unemployment
225
-
685
-
total
9 487
-
28 925
-
Corporate
76 943
114 500
-
-
income
15 389
22 900
-
-
total
15 389
22 900
-
-
Dividends
61 554
91 600
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
29 046
22 900
48 505
53 126
After tax
85 454
91 600
65 995
61 374
Living cost
23 899
23 899
23 899
23 899
Free-cash
61 555
67 701
42 096
37 475

Estimated living cost  is ₽23899 per week

₽16392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Tallinn model

Close
Gdansk , Poland
-₽12788
₽37950
₽56434
₽5891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
253
income
-
-
-
29 019
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 173
total
-
-
-
36 004
Employee
34 705
-
99 358
-
pensions
3 908
-
7 651
-
income
4 761
-
20 320
-
health
3 974
-
11 376
-
total
12 643
-
39 347
-
Employer
34 705
-
99 358
-
pensions
5 643
-
11 048
-
accident
579
-
1 659
-
unemployment
850
-
2 434
-
total
7 072
-
15 141
-
Corporate
72 722
114 500
-
-
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.

65 450
103 050
-
-
total
65 450
103 050
-
-
Dividends
7 272
11 450
-
-
withholding
1 382
2 176
-
-
total
1 382
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
86 547
105 226
54 488
36 004
After tax
27 953
9 274
60 012
78 496
Living cost
22 062
22 062
22 062
22 062
Free-cash
5 891
-12 788
37 950
56 434

Estimated living cost  is ₽22062 per week

₽16170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100675
₽83500
₽105255
₽99156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
114 500
microenterprise

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

-
-
-
1 145
total
-
-
-
1 145
Employee
10 125
-
114 500
-
income
2 025
-
22 900
-
total
2 025
-
22 900
-
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%.

104 375
114 500
-
-
total
-
-
-
-
Dividends
104 375
114 500
-
-
withholding
5 219
5 725
-
-
total
5 219
5 725
-
-
Income
114 500
114 500
114 500
114 500
Total tax
7 244
5 725
22 900
1 145
After tax
107 256
108 775
91 600
113 355
Living cost
8 100
8 100
8 100
8 100
Free-cash
99 156
100 675
83 500
105 255

Estimated living cost  is ₽8100 per week

₽5020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57759
₽39964
₽35230
₽51076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
14 948
other
-
-
-
5 440
health
-
-
-
5 038
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.

-
-
-
27 479
total
-
-
-
52 905
Employee
35 926
-
91 452
-
unemployment
359
-
914
-
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.

2 514
-
6 401
-
income
6 185
-
16 527
-
health
503
-
1 281
-
total
9 561
-
25 123
-
Employer
35 926
-
91 452
-
health
503
-
1 281
-
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.

6 108
-
15 547
-
accident
287
-
732
-
unemployment
359
-
914
-
other
1 797
-
4 574
-
total
9 054
-
23 048
-
Corporate
69 520
114 500
-
-
income
14 599
24 045
-
-
total
14 599
24 045
-
-
Dividends
54 922
90 455
-
-
withholding
3 845
6 331
-
-
total
3 845
6 331
-
-
Income
114 500
114 500
114 500
114 500
Total tax
37 059
30 376
48 171
52 905
After tax
77 441
84 124
66 329
61 595
Living cost
26 365
26 365
26 365
26 365
Free-cash
51 076
57 759
39 964
35 230

Estimated living cost  is ₽26365 per week

₽18628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15394
₽3754
₽14437
₽6313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
26 441
pensions
-
-
-
7 687
total
-
-
-
34 128
Employee
93 288
-
100 569
-
pensions
9 000
-
9 873
-
income
16 816
-
19 320
-
health
1 537
-
1 687
-
total
27 353
-
30 880
-
Employer
93 288
-
100 569
-
health
1 772
-
1 911
-
pensions
11 015
-
12 020
-
total
12 787
-
13 931
-
Corporate
8 426
114 500
-
-
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.

1 600
21 756
-
-
total
1 600
21 756
-
-
Dividends
6 826
92 744
-
-
withholding
512
11 415
-
-
total
512
11 415
-
-
Income
114 500
114 500
114 500
114 500
Total tax
42 252
33 171
44 811
34 128
After tax
72 248
81 329
69 689
80 372
Living cost
65 935
65 935
65 935
65 935
Free-cash
6 313
15 394
3 754
14 437

Estimated living cost  is ₽65935 per week

₽49406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽84924
₽78968
₽75122
₽80328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
17 175
unemployment
-
-
-
138
health
-
-
-
3 975
pensions

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

-
-
-
5 116
total
-
-
-
26 404
Employee
17 180
-
107 719
-
accident

We are using the highest rate at 1.1%.

189
-
380
-
pensions

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

1 508
-
3 035
-
income
1 718
-
10 772
-
health
790
-
1 590
-
total
4 205
-
15 777
-
Employer
17 180
-
107 719
-
health
1 186
-
2 385
-
pensions

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

1 893
-
3 809
-
accident

We are using the highest rate at 1.1%.

189
-
380
-
unemployment
103
-
207
-
total
3 371
-
6 781
-
Corporate
93 949
114 500
-
-
income
9 395
11 450
-
-
total
9 395
11 450
-
-
Dividends
84 554
103 050
-
-
withholding
4 227
5 152
-
-
total
4 227
5 152
-
-
Income
114 500
114 500
114 500
114 500
Total tax
21 198
16 602
22 558
26 404
After tax
93 302
97 898
91 942
88 096
Living cost
12 974
12 974
12 974
12 974
Free-cash
80 328
84 924
78 968
75 122

Estimated living cost  is ₽12974 per week

₽7575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽931
₽5380
₽10578
₽3418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
25 262
health
-
-
-
12 201
pensions
-
-
-
11 593
total
-
-
-
49 056
Employee
91 734
84 494
97 438
-
pensions
11 593
11 593
11 593
-
income

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

13 830
13 830
13 830
-
health
11 444
11 031
11 769
-
total
36 867
36 454
37 192
-
Employer
91 734
84 494
97 438
-
health
6 375
5 873
6 773
-
pensions
6 384
5 881
6 782
-
unemployment
3 303
3 042
3 507
-
total
16 062
14 796
17 062
-
Corporate
6 705
15 210
-
-
income
1 341
3 042
-
-
total
1 341
3 042
-
-
Dividends
5 364
12 168
-
-
income
1 140
2 586
-
-
withholding
806
1 825
-
-
total
1 946
4 411
-
-
Income
114 500
114 500
114 500
114 500
Total tax
56 216
58 703
54 254
49 056
After tax
58 284
55 797
60 246
65 444
Living cost
54 866
54 866
54 866
54 866
Free-cash
3 418
931
5 380
10 578

Estimated living cost  is ₽54866 per week

₽40473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽629
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽54247
₽33519
₽31182
₽45476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
9 841
social contributions
-
-
-
33 434
solidarity contribution
-
-
-
-
health
-
-
-
15 457
total
-
-
-
58 732
Employee
36 156
-
85 448
-
solidarity contribution
-
-
-
-
social contributions
2 350
-
5 554
-
income
4 339
-
10 254
-
health
4 881
-
11 535
-
total
11 570
-
27 343
-
Employer
36 156
-
85 448
-
health
3 254
-
7 690
-
social contributions
9 039
-
21 362
-
total
12 293
-
29 052
-
Corporate
66 051
114 500
-
-
income
12 550
21 755
-
-
total
12 550
21 755
-
-
Dividends
53 501
92 745
-
-
withholding
8 025
13 912
-
-
total
8 025
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 438
35 667
56 395
58 732
After tax
70 062
78 833
58 105
55 768
Living cost
24 586
24 586
24 586
24 586
Free-cash
45 476
54 247
33 519
31 182

Estimated living cost  is ₽24586 per week

₽17078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
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.
₽5276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19340
₽10470
₽15920
₽14173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
social contributions
-
-
-
29 449
regional
-
-
-
1 290
municipal
-
-
-
680
national
-
-
-
25 410
total
-
-
-
56 829
Employee
87 936
-
114 500
-
municipal
466
-
606
-
national
15 237
-
21 929
-
regional
830
-
1 134
-
social contributions
29 652
-
38 610
-
total
46 185
-
62 279
-
Employer
87 936
-
114 500
-
total
-
-
-
-
Corporate
26 564
114 500
-
-
municipal
1 036
4 465
-
-
nationa
6 375
27 479
-
-
total
7 411
31 944
-
-
Dividends
19 153
82 555
-
-
withholding
4 980
21 465
-
-
total
4 980
21 465
-
-
Income
114 500
114 500
114 500
114 500
Total tax
58 576
53 409
62 279
56 829
After tax
55 924
61 091
52 221
57 671
Living cost
41 751
41 751
41 751
41 751
Free-cash
14 173
19 340
10 470
15 920

Estimated living cost  is ₽41751 per week

₽29104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽640
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50186
₽32864
₽34747
₽47108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
23 566
other
-
-
-
-
surtax
-
-
-
3 100
unemployment
-
-
-
225
health
-
-
-
8 128
pensions
-
-
-
22 900
total
-
-
-
57 919
Employee
32 720
-
94 589
-
other
-
-
-
-
unemployment
2 278
-
6 583
-
pensions
2 182
-
6 309
-
surtax
107
-
2 803
-
income
5 485
-
21 783
-
health
836
-
2 413
-
total
10 888
-
39 891
-
Employer
32 720
-
94 589
-
health
1 489
-
4 304
-
pensions
4 362
-
12 608
-
unemployment
1 036
-
2 999
-
other
-
-
-
-
total
6 887
-
19 911
-
Corporate
74 892
114 500
-
-
income
19 471
29 770
-
-
total
19 471
29 770
-
-
Dividends
55 421
84 730
-
-
withholding
8 312
12 710
-
-
total
8 312
12 710
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 558
42 480
59 802
57 919
After tax
68 942
72 020
54 698
56 581
Living cost
21 834
21 834
21 834
21 834
Free-cash
47 108
50 186
32 864
34 747

Estimated living cost  is ₽21834 per week

₽13350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36284
₽24644
₽35327
₽32984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
26 441
pensions
-
-
-
7 687
total
-
-
-
34 128
Employee
62 519
-
100 569
-
pensions
5 306
-
9 873
-
income
11 260
-
19 320
-
health
908
-
1 687
-
total
17 474
-
30 880
-
Employer
62 519
-
100 569
-
health
1 188
-
1 911
-
pensions
6 768
-
12 020
-
total
7 956
-
13 931
-
Corporate
44 026
114 500
-
-
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.

8 366
21 756
-
-
total
8 366
21 756
-
-
Dividends
35 660
92 744
-
-
withholding
2 675
11 415
-
-
total
2 675
11 415
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 471
33 171
44 811
34 128
After tax
78 029
81 329
69 689
80 372
Living cost
45 045
45 045
45 045
45 045
Free-cash
32 984
36 284
24 644
35 327

Estimated living cost  is ₽45045 per week

₽33747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽25851
₽11139
₽16824
₽7614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
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.

-
-
-
2 290
regional
-
-
-
4 260
health
-
-
-
257
city
-
-
-
1 207
national
-
-
-
920
pensions
-
-
-
10 534
total
-
-
-
19 468
Employee
91 524
-
102 484
-
unemployment
-
-
-
-
pensions
7 689
-
8 609
-
national
433
-
685
-
regional
2 997
-
3 638
-
city
982
-
1 101
-
health
207
-
231
-
total
12 308
-
14 264
-
Employer
91 524
-
102 484
-
health
207
-
231
-
pensions
7 689
-
8 609
-
unemployment
-
-
-
-
other

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

1 830
-
2 049
-
total
9 726
-
10 889
-
Corporate
12 244
114 500
-
-
regional
2 589
24 217
-
-
national
1 040
9 732
-
-
total
3 629
33 949
-
-
Dividends
8 614
80 551
-
-
withholding
3 015
28 194
-
-
total
3 015
28 194
-
-
Income
114 500
114 500
114 500
114 500
Total tax
28 678
62 143
25 153
19 468
After tax
85 822
52 357
89 347
95 032
Living cost
78 208
78 208
78 208
78 208
Free-cash
7 614
-25 851
11 139
16 824

Estimated living cost  is ₽78208 per week

₽50858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽960
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽11343
₽32066
₽20319
₽27388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income

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

-
-
-
28 764
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.

-
-
-
1 583
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.

-
-
-
6 760
trade
-
-
-
11 747
total
-
-
-
48 854
Employee

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

59 464
-
114 500
-
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.

385
-
1 583
-
income

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

6 992
-
28 764
-
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.

6 760
-
6 760
-
total
14 137
-
37 107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 036
114 500
-
-
income
8 256
17 175
-
-
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.

454
944
-
-
chamber of commerce
227
312
-
-
trade
9 439
19 637
-
-
total
18 376
38 068
-
-
Dividends
36 660
76 432
-
-
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.

483
1 031
-
-
withholding
8 789
18 731
-
-
total
9 272
19 762
-
-
Income
114 500
114 500
114 500
114 500
Total tax
41 785
57 830
37 107
48 854
After tax
72 715
56 670
77 393
65 646
Living cost
45 327
45 327
45 327
45 327
Free-cash
27 388
11 343
32 066
20 319

Estimated living cost  is ₽45327 per week

₽33105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23857
₽35697
₽31642
₽29700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
13 105
other
-
-
-
3 549
surtax
-
-
-
-
social contributions
-
-
-
3 263
health
-
-
-
2 974
pensions
-
-
-
26 115
total
-
-
-
49 006
Employee
42 347
-
91 917
-
pensions
4 788
-
4 957
-
surtax
-
-
-
-
social contributions
1 207
-
2 617
-
income
2 499
-
14 795
-
total
8 494
-
22 369
-
Employer
42 347
-
91 917
-
health
2 965
-
6 808
-
pensions
6 957
-
8 604
-
unemployment
1 714
-
3 723
-
social contributions
128
-
276
-
other
1 461
-
3 171
-
total
13 225
-
22 582
-
Corporate
58 929
114 500
-
-
income
16 501
32 059
-
-
surtax
-
-
-
-
total
16 501
32 059
-
-
Dividends
42 428
82 441
-
-
surtax
-
-
-
-
social contributions
7 298
14 180
-
-
withholding
5 430
10 552
-
-
total
12 728
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
50 948
56 791
44 951
49 006
After tax
63 552
57 709
69 549
65 494
Living cost
33 852
33 852
33 852
33 852
Free-cash
29 700
23 857
35 697
31 642

Estimated living cost  is ₽33852 per week

₽21345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27211
₽39051
₽34996
₽32711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
13 105
other
-
-
-
3 549
surtax
-
-
-
-
social contributions
-
-
-
3 263
health
-
-
-
2 974
pensions
-
-
-
26 115
total
-
-
-
49 006
Employee
37 800
-
91 917
-
pensions
4 275
-
4 957
-
surtax
-
-
-
-
social contributions
1 078
-
2 617
-
income
1 949
-
14 795
-
total
7 302
-
22 369
-
Employer
37 800
-
91 917
-
health
2 646
-
6 808
-
pensions
6 211
-
8 604
-
unemployment
1 530
-
3 723
-
social contributions
113
-
276
-
other
1 305
-
3 171
-
total
11 805
-
22 582
-
Corporate
64 895
114 500
-
-
income
18 170
32 059
-
-
surtax
-
-
-
-
total
18 170
32 059
-
-
Dividends
46 725
82 441
-
-
surtax
-
-
-
-
social contributions
8 034
14 180
-
-
withholding
5 980
10 552
-
-
total
14 014
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
51 291
56 791
44 951
49 006
After tax
63 209
57 709
69 549
65 494
Living cost
30 498
30 498
30 498
30 498
Free-cash
32 711
27 211
39 051
34 996

Estimated living cost  is ₽30498 per week

₽17688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3098
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.
₽9135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48872
₽51948
₽52553
₽49388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
17 175
social contributions
-
-
-
15 800
health
-
-
-
7 991
total
-
-
-
40 966
Employee
33 548
-
114 500
-
social contributions
4 630
-
15 800
-
income
5 595
-
17 780
-
health
2 341
-
7 991
-
total
12 566
-
41 571
-
Employer
33 548
-
114 500
-
total
-
-
-
-
Corporate
80 952
114 500
-
-
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%.

4 048
5 725
-
-
total
4 048
5 725
-
-
Dividends
76 904
108 775
-
-
social contributions
10 613
15 012
-
-
withholding
11 536
16 317
-
-
health
5 368
7 593
-
-
total
27 517
38 922
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 131
44 647
41 571
40 966
After tax
70 369
69 853
72 929
73 534
Living cost
20 981
20 981
20 981
20 981
Free-cash
49 388
48 872
51 948
52 553

Estimated living cost  is ₽20981 per week

₽14041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29060
-₽2127
₽21836
₽27531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
21 137
surtax
-
-
-
195
unemployment
-
-
-
6 069
chamber of commerce
-
-
-
458
health
-
-
-
8 759
pensions
-
-
-
21 182
total
-
-
-
57 800
Employee
49 448
39 431
88 757
-
other
494
394
888
-
unemployment
1 483
1 183
2 663
-
pensions
5 064
4 037
9 088
-
income
5 629
2 908
18 698
-
health
1 913
1 527
3 434
-
total
14 583
10 049
34 771
-
Employer
49 448
39 431
88 757
-
chamber of commerce
197
158
355
-
health
1 868
1 491
3 355
-
pensions
6 206
4 949
11 138
-
accident
642
513
1 155
-
unemployment
1 483
1 183
2 663
-
surtax
195
195
195
-
payroll
1 483
1 183
2 663
-
other
2 349
1 872
4 217
-
total
14 423
11 544
25 741
-
Corporate
50 628
63 525
85 004
-
income

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

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

12 657
15 881
21 251
-
total
12 657
15 881
21 251
-
Dividends
37 971
47 644
-
-
withholding
10 442
13 102
-
-
total
10 442
13 102
-
-
Income
114 500
114 500
114 500
114 500
Total tax
52 105
50 576
81 763
57 800
After tax
62 395
63 924
32 737
56 700
Living cost
34 864
34 864
34 864
34 864
Free-cash
27 531
29 060
-2 127
21 836

Estimated living cost  is ₽34864 per week

₽23253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28084
₽7571
₽15943
₽13245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
communal

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

-
-
-
5 766
social contributions
-
-
-
18 385
national
-
-
-
38 330
total
-
-
-
62 481
Employee

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

70 775
-
88 682
-
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.

616
-
772
-
communal

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

3 691
-
4 625
-
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.

5 308
-
6 651
-
national
21 759
-
28 818
-
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.

3 325
-
4 168
-
total
34 699
-
45 034
-
Employer

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

70 775
-
88 682
-
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.

4 352
-
5 455
-
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.

6 271
-
7 858
-
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.

920
-
1 153
-
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.

1 033
-
1 296
-
surtax
8 025
-
10 057
-
total
20 601
-
25 819
-
Corporate
23 123
114 500
-
-
income
4 625
22 900
-
-
surtax
92
458
-
-
total
4 717
23 358
-
-
Dividends
18 406
91 142
-
-
withholding

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

5 162
26 982
-
-
total
5 162
26 982
-
-
Income
114 500
114 500
114 500
114 500
Total tax
65 179
50 340
70 853
62 481
After tax
49 321
64 160
43 647
52 019
Living cost
36 076
36 076
36 076
36 076
Free-cash
13 245
28 084
7 571
15 943

Estimated living cost  is ₽36076 per week

₽23238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3154
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.
₽9120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41310
₽23565
₽27140
₽33498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
826
income
-
-
-
24 114
other
-
-
-
92
unemployment
-
-
-
642
pensions
-
-
-
25 953
total
-
-
-
51 627
Employee
49 252
-
86 821
-
other
49
-
86
-
unemployment
764
-
1 346
-
pensions
2 315
-
4 080
-
income
10 392
-
22 013
-
total
13 520
-
27 525
-
Employer
49 252
-
86 821
-
pensions
11 623
-
20 489
-
accident
975
-
1 720
-
unemployment
2 709
-
4 775
-
other
392
-
693
-
total
15 699
-
27 677
-
Corporate
49 549
114 500
-
-
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.

7 432
17 175
-
-
total
7 432
17 175
-
-
Dividends
42 117
97 325
-
-
withholding
8 618
20 282
-
-
total
8 618
20 282
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 269
37 457
55 202
51 627
After tax
69 231
77 043
59 298
62 873
Living cost
35 733
35 733
35 733
35 733
Free-cash
33 498
41 310
23 565
27 140

Estimated living cost  is ₽35733 per week

₽26313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15711
₽14099
₽9455
₽8223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
communal
-
-
-
7 236
accident
-
-
-
965
income
-
-
-
12 190
surtax
-
-
-
5 676
health
-
-
-
8 046
pensions
-
-
-
17 162
total
-
-
-
51 275
Employee
74 930
-
102 278
-
pensions
5 993
-
8 183
-
surtax
4 593
-
6 268
-
income
7 237
-
15 407
-
health
3 335
-
4 551
-
total
21 158
-
34 409
-
Employer
74 930
-
102 278
-
health
2 285
-
3 119
-
pensions
5 993
-
8 183
-
accident
674
-
920
-
total
8 952
-
12 222
-
Corporate
30 618
114 500
-
-
communal
-
7 728
-
-
income
4 593
17 175
-
-
surtax
321
1 202
-
-
total
4 914
26 105
-
-
Dividends
25 704
88 395
-
-
income
13 628
5 654
-
-
withholding
3 855
13 260
-
-
total
17 483
18 914
-
-
Income
114 500
114 500
114 500
114 500
Total tax
52 507
45 019
46 631
51 275
After tax
61 993
69 481
67 869
63 225
Living cost
53 770
53 770
53 770
53 770
Free-cash
8 223
15 711
14 099
9 455

Estimated living cost  is ₽53770 per week

₽40336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3258
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.
₽9606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49796
₽32474
₽34357
₽46648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
23 566
other
-
-
-
-
surtax
-
-
-
3 100
unemployment
-
-
-
225
health
-
-
-
8 128
pensions
-
-
-
22 900
total
-
-
-
57 919
Employee
33 321
-
94 589
-
other
-
-
-
-
unemployment
2 319
-
6 583
-
pensions
2 223
-
6 309
-
surtax
118
-
2 803
-
income
5 586
-
21 783
-
health
851
-
2 413
-
total
11 097
-
39 891
-
Employer
33 321
-
94 589
-
health
1 515
-
4 304
-
pensions
4 443
-
12 608
-
unemployment
1 057
-
2 999
-
other
-
-
-
-
total
7 015
-
19 911
-
Corporate
74 164
114 500
-
-
income
19 284
29 770
-
-
total
19 284
29 770
-
-
Dividends
54 881
84 730
-
-
withholding
8 232
12 710
-
-
total
8 232
12 710
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 628
42 480
59 802
57 919
After tax
68 872
72 020
54 698
56 581
Living cost
22 224
22 224
22 224
22 224
Free-cash
46 648
49 796
32 474
34 357

Estimated living cost  is ₽22224 per week

₽13418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33531
₽25162
₽30582
₽31334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
social contributions
-
-
-
29 449
regional
-
-
-
1 726
municipal
-
-
-
680
national
-
-
-
25 410
total
-
-
-
57 265
Employee
54 886
-
114 500
-
municipal
291
-
606
-
national
8 695
-
21 929
-
regional
739
-
1 540
-
social contributions
18 508
-
38 610
-
total
28 233
-
62 685
-
Employer
54 886
-
114 500
-
total
-
-
-
-
Corporate
59 614
114 500
-
-
municipal
2 963
5 691
-
-
nationa
14 308
27 479
-
-
total
17 271
33 170
-
-
Dividends
42 343
81 329
-
-
withholding
11 009
21 146
-
-
total
11 009
21 146
-
-
Income
114 500
114 500
114 500
114 500
Total tax
56 513
54 316
62 685
57 265
After tax
57 987
60 184
51 815
57 235
Living cost
26 653
26 653
26 653
26 653
Free-cash
31 334
33 531
25 162
30 582

Estimated living cost  is ₽26653 per week

₽16576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6921
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48536
₽27808
₽25471
₽37728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
9 841
social contributions
-
-
-
33 434
solidarity contribution
-
-
-
-
health
-
-
-
15 457
total
-
-
-
58 732
Employee
44 554
-
85 448
-
solidarity contribution
-
-
-
-
social contributions
2 896
-
5 554
-
income
5 346
-
10 254
-
health
6 015
-
11 535
-
total
14 257
-
27 343
-
Employer
44 554
-
85 448
-
health
4 010
-
7 690
-
social contributions
11 138
-
21 362
-
total
15 148
-
29 052
-
Corporate
54 798
114 500
-
-
income
10 412
21 755
-
-
total
10 412
21 755
-
-
Dividends
44 386
92 745
-
-
withholding
6 658
13 912
-
-
total
6 658
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
46 475
35 667
56 395
58 732
After tax
68 025
78 833
58 105
55 768
Living cost
30 297
30 297
30 297
30 297
Free-cash
37 728
48 536
27 808
25 471

Estimated living cost  is ₽30297 per week

₽22530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32463
₽1200
₽25328
₽31976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
21 137
surtax
-
-
-
-
unemployment
-
-
-
6 069
chamber of commerce
-
-
-
458
health
-
-
-
8 759
pensions
-
-
-
21 182
total
-
-
-
57 605
Employee
43 251
39 431
88 909
-
other
432
394
890
-
unemployment
1 297
1 183
2 668
-
pensions
4 429
4 037
9 105
-
income
3 853
2 908
18 750
-
health
1 673
1 527
3 440
-
total
11 684
10 049
34 853
-
Employer
43 251
39 431
88 909
-
chamber of commerce
173
158
355
-
health
1 635
1 491
3 361
-
pensions
5 428
4 949
11 159
-
accident
561
513
1 157
-
unemployment
1 297
1 183
2 668
-
surtax
-
-
-
-
payroll
1 297
1 183
2 668
-
other
2 054
1 872
4 223
-
total
12 445
11 349
25 591
-
Corporate
58 802
63 721
85 154
-
income

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

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

14 700
15 930
21 289
-
total
14 700
15 930
21 289
-
Dividends
44 101
47 791
-
-
withholding
12 128
13 142
-
-
total
12 128
13 142
-
-
Income
114 500
114 500
114 500
114 500
Total tax
50 957
50 470
81 733
57 605
After tax
63 543
64 030
32 767
56 895
Living cost
31 567
31 567
31 567
31 567
Free-cash
31 976
32 463
1 200
25 328

Estimated living cost  is ₽31567 per week

₽18936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3224
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96152
₽78977
₽100732
₽93785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
114 500
microenterprise

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

-
-
-
1 145
total
-
-
-
1 145
Employee
15 779
-
114 500
-
income
3 156
-
22 900
-
total
3 156
-
22 900
-
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%.

98 721
114 500
-
-
total
-
-
-
-
Dividends
98 721
114 500
-
-
withholding
4 936
5 725
-
-
total
4 936
5 725
-
-
Income
114 500
114 500
114 500
114 500
Total tax
8 092
5 725
22 900
1 145
After tax
106 408
108 775
91 600
113 355
Living cost
12 623
12 623
12 623
12 623
Free-cash
93 785
96 152
78 977
100 732

Estimated living cost  is ₽12623 per week

₽8542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52294
₽28737
₽32019
₽44018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
23 594
unemployment
-
-
-
171
health
-
-
-
11 266
pensions
-
-
-
20 911
total
-
-
-
55 942
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.

43 753
-
99 073
-
unemployment
62
-
139
-
pensions
6 782
-
15 355
-
income
7 545
-
21 902
-
health
2 826
-
6 401
-
total
17 215
-
43 797
-
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.

43 753
-
99 073
-
health
2 914
-
6 598
-
pensions
3 872
-
8 769
-
unemployment
26
-
60
-
total
6 812
-
15 427
-
Corporate
63 934
114 500
-
-
income
12 148
21 755
-
-
total
12 148
21 755
-
-
Dividends
51 786
92 745
-
-
withholding
7 768
13 912
-
-
total
7 768
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 943
35 667
59 224
55 942
After tax
70 557
78 833
55 276
58 558
Living cost
26 539
26 539
26 539
26 539
Free-cash
44 018
52 294
28 737
32 019

Estimated living cost  is ₽26539 per week

₽18213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26235
₽57832
₽35702
-₽35566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
22 318
social contributions
-
-
-
13 053
total
-
-
-
35 371
Employee
62 268
-
-
-
social contributions
5 106
-
728
-
income
13 735
-
-
-
total
18 841
-
728
-
Employer
62 268
-
-
-
social contributions
87 798
-
12 513
-
total
87 798
-
12 513
-
Corporate
-
114 500
-
-
income
-
25 190
-
-
total
-
25 190
-
-
Dividends
-
89 310
-
-
income
-
19 648
-
-
total
-
19 648
-
-
Income
114 500
114 500
114 500
114 500
Total tax
106 639
44 838
13 241
35 371
After tax
7 861
69 662
101 259
79 129
Living cost
43 427
43 427
43 427
43 427
Free-cash
-35 566
26 235
57 832
35 702

Estimated living cost  is ₽43427 per week

₽28177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4084
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.
₽10612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34091
₽25440
₽32255
₽33093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
11 420
surtax
-
-
-
-
social contributions

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

-
-
-
39 789
total
-
-
-
51 209
Employee
45 507
-
92 526
-
surtax
-
-
-
-
social contributions
5 006
-
10 179
-
income
9 466
-
25 871
-
total
14 472
-
36 050
-
Employer
45 507
-
92 526
-
social contributions
10 808
-
21 974
-
total
10 808
-
21 974
-
Corporate
58 186
114 500
-
-
income
12 220
24 045
-
-
surtax
-
-
-
-
total
12 220
24 045
-
-
Dividends
45 966
90 455
-
-
withholding
12 871
25 328
-
-
total
12 871
25 328
-
-
Income
114 500
114 500
114 500
114 500
Total tax
50 371
49 373
58 024
51 209
After tax
64 129
65 127
56 476
63 291
Living cost
31 036
31 036
31 036
31 036
Free-cash
33 093
34 091
25 440
32 255

Estimated living cost  is ₽31036 per week

₽23221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9920
₽21760
₽17705
₽16721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
13 105
other
-
-
-
3 549
surtax
-
-
-
-
social contributions
-
-
-
3 263
health
-
-
-
2 974
pensions
-
-
-
26 115
total
-
-
-
49 006
Employee
61 971
-
91 917
-
pensions
7 009
-
4 957
-
surtax
-
-
-
-
social contributions
1 765
-
2 617
-
income
5 407
-
14 795
-
total
14 181
-
22 369
-
Employer
61 971
-
91 917
-
health
4 337
-
6 808
-
pensions
10 183
-
8 604
-
unemployment
2 510
-
3 723
-
social contributions
186
-
276
-
other
2 139
-
3 171
-
total
19 355
-
22 582
-
Corporate
33 174
114 500
-
-
income
9 289
32 059
-
-
surtax
-
-
-
-
total
9 289
32 059
-
-
Dividends
23 886
82 441
-
-
surtax
-
-
-
-
social contributions
4 108
14 180
-
-
withholding
3 057
10 552
-
-
total
7 165
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
49 990
56 791
44 951
49 006
After tax
64 510
57 709
69 549
65 494
Living cost
47 789
47 789
47 789
47 789
Free-cash
16 721
9 920
21 760
17 705

Estimated living cost  is ₽47789 per week

₽32343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽655
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73308
₽59687
₽56645
₽69985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
2 922
social contributions
-
-
-
25 191
total
-
-
-
28 113
Employee
31 810
-
99 133
-
income
-
-
3 260
-
social contributions
2 067
-
6 444
-
total
2 067
-
9 704
-
Employer
31 810
-
99 133
-
social contributions
4 931
-
15 367
-
total
4 931
-
15 367
-
Corporate
77 760
114 500
-
-
income
7 775
11 450
-
-
total
7 775
11 450
-
-
Dividends
69 984
103 050
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
14 773
11 450
25 071
28 113
After tax
99 727
103 050
89 429
86 387
Living cost
29 742
29 742
29 742
29 742
Free-cash
69 985
73 308
59 687
56 645

Estimated living cost  is ₽29742 per week

₽19231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽100969
-₽100969
₽22465
-₽100969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
labour market
-
-
-
9 091
municipal
-
-
-
22 078
national
-
-
-
12 381
pensions
-
-
-
857
total
-
-
-
44 407
Employee
201 026
201 026
201 026
-
municipal
42 807
42 807
42 807
-
labour market
16 059
16 059
16 059
-
pensions
286
286
286
-
national
24 559
24 559
24 559
-
total
83 711
83 711
83 711
-
Employer
201 026
201 026
201 026
-
national
24 602
24 602
24 602
-
labour market
16 082
16 082
16 082
-
pensions
571
571
571
-
municipal
42 875
42 875
42 875
-
total
84 130
84 130
84 130
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
167 841
167 841
167 841
44 407
After tax
-53 341
-53 341
-53 341
70 093
Living cost
47 628
47 628
47 628
47 628
Free-cash
-100 969
-100 969
-100 969
22 465

Estimated living cost  is ₽47628 per week

₽32597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4213
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽732
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12463
₽38275
₽56759
₽5941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
253
income
-
-
-
29 019
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 173
total
-
-
-
36 004
Employee
34 194
-
99 358
-
pensions
3 850
-
7 651
-
income
4 691
-
20 320
-
health
3 915
-
11 376
-
total
12 456
-
39 347
-
Employer
34 194
-
99 358
-
pensions
5 560
-
11 048
-
accident
571
-
1 659
-
unemployment
838
-
2 434
-
total
6 969
-
15 141
-
Corporate
73 338
114 500
-
-
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.

66 004
103 050
-
-
total
66 004
103 050
-
-
Dividends
7 334
11 450
-
-
withholding
1 393
2 176
-
-
total
1 393
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
86 822
105 226
54 488
36 004
After tax
27 678
9 274
60 012
78 496
Living cost
21 737
21 737
21 737
21 737
Free-cash
5 941
-12 463
38 275
56 759

Estimated living cost  is ₽21737 per week

₽15822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36957
₽25877
₽41578
₽36413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
114 500
health
-
-
-
1 350
municipal
-
-
-
20 367
national
-
-
-
13 218
total
-
-
-
34 935
Employee
52 057
-
96 324
-
municipal
8 526
-
15 716
-
unemployment
781
-
1 446
-
pensions
3 513
-
6 502
-
national
860
-
7 726
-
health
389
-
1 070
-
total
14 069
-
32 460
-
Employer
52 057
-
96 324
-
health
400
-
742
-
pensions
9 032
-
16 713
-
accident
53
-
96
-
unemployment
338
-
625
-
total
9 823
-
18 176
-
Corporate
52 621
114 500
-
-
income
10 524
22 900
-
-
total
10 524
22 900
-
-
Dividends

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

31 573
68 700
-
-
municipal
5 684
12 366
-
-
national
-
4 290
-
-
total
5 684
16 656
-
-
Income
114 500
114 500
114 500
114 500
Total tax
40 100
39 556
50 636
34 935
After tax
74 400
74 944
63 864
79 565
Living cost
37 987
37 987
37 987
37 987
Free-cash
36 413
36 957
25 877
41 578

Estimated living cost  is ₽37987 per week

₽24813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3654
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.
₽8917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60815
₽56233
₽57492
₽55430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
15 171
social contributions
-
-
-
16 009
health
-
-
-
2 920
total
-
-
-
34 100
Employee
76 083
76 083
104 058
-
social contributions
2 877
6 315
8 517
-
income
8 284
7 043
14 631
-
health
590
1 294
1 769
-
total
11 751
14 652
24 917
-
Employer
76 083
76 083
104 058
-
health
640
1 408
1 925
-
social contributions
2 877
6 315
8 517
-
total
3 517
7 723
10 442
-
Corporate
76 324
30 694
-
-
income
9 540
3 836
-
-
total
9 540
3 836
-
-
Dividends
66 784
26 858
-
-
withholding
11 354
4 566
-
-
total
11 354
4 566
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 162
30 777
35 359
34 100
After tax
78 338
83 723
79 141
80 400
Living cost
22 908
22 908
22 908
22 908
Free-cash
55 430
60 815
56 233
57 492

Estimated living cost  is ₽22908 per week

₽13729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2248
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽507
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79109
₽57887
₽77733
₽74073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
114 500
income
-
-
-
11 155
unemployment
-
-
-
28
health
-
-
-
3 581
pensions
-
-
-
6 294
total
-
-
-
21 058
Employee

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

22 711
-
104 830
-
unemployment
113
-
469
-
pensions
3 406
-
14 082
-
income
1 553
-
8 703
-
health
1 930
-
7 980
-
total
7 002
-
31 234
-
Employer

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

22 711
-
104 830
-
health
976
-
4 037
-
pensions
1 249
-
5 164
-
unemployment
113
-
469
-
total
2 338
-
9 670
-
Corporate
89 451
114 500
-
-
income
8 051
10 305
-
-
total
8 051
10 305
-
-
Dividends
81 400
104 195
-
-
withholding
7 327
9 377
-
-
total
7 327
9 377
-
-
Income
114 500
114 500
114 500
114 500
Total tax
24 718
19 682
40 904
21 058
After tax
89 782
94 818
73 596
93 442
Living cost
15 709
15 709
15 709
15 709
Free-cash
74 073
79 109
57 887
77 733

Estimated living cost  is ₽15709 per week

₽10023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49834
₽32089
₽35664
₽44713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
826
income
-
-
-
24 114
other
-
-
-
92
unemployment
-
-
-
642
pensions
-
-
-
25 953
total
-
-
-
51 627
Employee
36 586
-
86 821
-
other
36
-
86
-
unemployment
567
-
1 346
-
pensions
1 720
-
4 080
-
income
7 053
-
22 013
-
total
9 376
-
27 525
-
Employer
36 586
-
86 821
-
pensions
8 633
-
20 489
-
accident
725
-
1 720
-
unemployment
2 013
-
4 775
-
other
293
-
693
-
total
11 664
-
27 677
-
Corporate
66 250
114 500
-
-
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.

9 938
17 175
-
-
total
9 938
17 175
-
-
Dividends
56 312
97 325
-
-
withholding
11 600
20 282
-
-
total
11 600
20 282
-
-
Income
114 500
114 500
114 500
114 500
Total tax
42 578
37 457
55 202
51 627
After tax
71 922
77 043
59 298
62 873
Living cost
27 209
27 209
27 209
27 209
Free-cash
44 713
49 834
32 089
35 664

Estimated living cost  is ₽27209 per week

₽18365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2616
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.
₽5751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69513
₽71216
₽71354
₽69196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
38 777
health
-
-
-
1 023
pensions
-
-
-
1 411
total
-
-
-
41 211
Employee
2 947
-
112 912
-
unemployment
29
-
71
-
pensions
265
-
635
-
income
570
-
38 703
-
health
147
-
353
-
total
1 011
-
39 762
-
Employer
2 947
-
112 912
-
health
280
-
670
-
pensions
324
-
776
-
unemployment
59
-
141
-
total
663
-
1 587
-
Corporate
110 890
114 500
-
-
income
24 396
25 190
-
-
total
24 396
25 190
-
-
Dividends
86 494
89 310
-
-
withholding
17 299
17 862
-
-
total
17 299
17 862
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 369
43 052
41 349
41 211
After tax
71 131
71 448
73 151
73 289
Living cost
1 935
1 935
1 935
1 935
Free-cash
69 196
69 513
71 216
71 354

Estimated living cost  is ₽1935 per week

₽1150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65616
₽45347
₽45347
₽60748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
24 404
unemployment
-
-
-
1 097
health
-
-
-
7 531
pensions
-
-
-
19 011
total
-
-
-
52 043
Employee

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

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

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

25 801
-
101 412
-
unemployment
194
-
548
-
pensions
3 612
-
10 237
-
income
3 556
-
24 404
-
health
1 329
-
3 766
-
total
8 691
-
38 955
-
Employer

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

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

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

25 801
-
101 412
-
health
1 329
-
3 766
-
pensions
3 096
-
8 774
-
unemployment
194
-
548
-
total
4 619
-
13 088
-
Corporate
84 080
114 500
-
-
income
12 612
17 175
-
-
total
12 612
17 175
-
-
Dividends
71 468
97 325
-
-
withholding
10 720
14 599
-
-
total
10 720
14 599
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 642
31 774
52 043
52 043
After tax
77 858
82 726
62 457
62 457
Living cost
17 110
17 110
17 110
17 110
Free-cash
60 748
65 616
45 347
45 347

Estimated living cost  is ₽17110 per week

₽11520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38452
₽29801
₽36616
₽38095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
11 420
surtax
-
-
-
-
social contributions

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

-
-
-
39 789
total
-
-
-
51 209
Employee
38 403
-
92 526
-
surtax
-
-
-
-
social contributions
4 225
-
10 179
-
income
7 504
-
25 871
-
total
11 729
-
36 050
-
Employer
38 403
-
92 526
-
social contributions
9 120
-
21 974
-
total
9 120
-
21 974
-
Corporate
66 978
114 500
-
-
income
14 066
24 045
-
-
surtax
-
-
-
-
total
14 066
24 045
-
-
Dividends
52 912
90 455
-
-
withholding
14 815
25 328
-
-
total
14 815
25 328
-
-
Income
114 500
114 500
114 500
114 500
Total tax
49 730
49 373
58 024
51 209
After tax
64 770
65 127
56 476
63 291
Living cost
26 675
26 675
26 675
26 675
Free-cash
38 095
38 452
29 801
36 616

Estimated living cost  is ₽26675 per week

₽18893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42270
₽24525
₽28100
₽34791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
826
income
-
-
-
24 114
other
-
-
-
92
unemployment
-
-
-
642
pensions
-
-
-
25 953
total
-
-
-
51 627
Employee
47 786
-
86 821
-
other
47
-
86
-
unemployment
740
-
1 346
-
pensions
2 246
-
4 080
-
income
9 981
-
22 013
-
total
13 014
-
27 525
-
Employer
47 786
-
86 821
-
pensions
11 277
-
20 489
-
accident
946
-
1 720
-
unemployment
2 629
-
4 775
-
other
383
-
693
-
total
15 235
-
27 677
-
Corporate
51 479
114 500
-
-
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.

7 723
17 175
-
-
total
7 723
17 175
-
-
Dividends
43 756
97 325
-
-
withholding
8 964
20 282
-
-
total
8 964
20 282
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 936
37 457
55 202
51 627
After tax
69 564
77 043
59 298
62 873
Living cost
34 773
34 773
34 773
34 773
Free-cash
34 791
42 270
24 525
28 100

Estimated living cost  is ₽34773 per week

₽24973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2704
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.
₽6607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80875
₽74919
₽71073
₽74844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
17 175
unemployment
-
-
-
138
health
-
-
-
3 975
pensions

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

-
-
-
5 116
total
-
-
-
26 404
Employee
22 540
-
107 719
-
accident

We are using the highest rate at 1.1%.

248
-
380
-
pensions

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

1 979
-
3 035
-
income
2 254
-
10 772
-
health
1 037
-
1 590
-
total
5 518
-
15 777
-
Employer
22 540
-
107 719
-
health
1 555
-
2 385
-
pensions

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

2 484
-
3 809
-
accident

We are using the highest rate at 1.1%.

248
-
380
-
unemployment
135
-
207
-
total
4 422
-
6 781
-
Corporate
87 537
114 500
-
-
income
8 754
11 450
-
-
total
8 754
11 450
-
-
Dividends
78 784
103 050
-
-
withholding
3 939
5 152
-
-
total
3 939
5 152
-
-
Income
114 500
114 500
114 500
114 500
Total tax
22 633
16 602
22 558
26 404
After tax
91 867
97 898
91 942
88 096
Living cost
17 023
17 023
17 023
17 023
Free-cash
74 844
80 875
74 919
71 073

Estimated living cost  is ₽17023 per week

₽11259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4384
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20828
₽39193
₽29363
₽33769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income

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

-
-
-
28 764
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.

-
-
-
1 583
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.

-
-
-
6 760
trade
-
-
-
9 830
total
-
-
-
46 937
Employee

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

49 231
-
114 500
-
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.

223
-
1 583
-
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.

4 048
-
28 764
-
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.

6 760
-
6 760
-
total
11 031
-
37 107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 269
114 500
-
-
income
9 790
17 175
-
-
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.

539
944
-
-
chamber of commerce
246
317
-
-
trade
9 366
16 431
-
-
total
19 941
34 867
-
-
Dividends
45 328
79 632
-
-
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.

603
1 074
-
-
withholding
10 956
19 531
-
-
total
11 559
20 605
-
-
Income
114 500
114 500
114 500
114 500
Total tax
42 531
55 472
37 107
46 937
After tax
71 969
59 028
77 393
67 563
Living cost
38 200
38 200
38 200
38 200
Free-cash
33 769
20 828
39 193
29 363

Estimated living cost  is ₽38200 per week

₽26351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23788
₽18182
₽18182
₽25972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
29 445
social contributions
-
-
-
10 510
total
-
-
-
39 955
Employee
77 397
-
114 500
-
income
14 604
-
29 445
-
social contributions
6 430
-
10 510
-
total
21 034
-
39 955
-
Employer
77 397
-
114 500
-
total
-
-
-
-
Corporate
37 103
114 500
-
-
income
4 638
14 313
-
-
total
4 638
14 313
-
-
Dividends
32 466
100 187
-
-
withholding
6 493
20 036
-
-
total
6 493
20 036
-
-
Income
114 500
114 500
114 500
114 500
Total tax
32 165
34 349
39 955
39 955
After tax
82 335
80 151
74 545
74 545
Living cost
56 363
56 363
56 363
56 363
Free-cash
25 972
23 788
18 182
18 182

Estimated living cost  is ₽56363 per week

₽42880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33281
₽48417
₽44413
₽36737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
28 165
health

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

-
-
-
6 005
total
-
-
-
34 170
Employee
45 390
-
109 949
-
income
4 925
-
21 064
-
social contributions
4 548
-
4 551
-
total
9 473
-
25 615
-
Employer
45 390
-
109 949
-
social contributions
4 548
-
4 551
-
total
4 548
-
4 551
-
Corporate
64 563
114 500
-
-
income
22 598
40 075
-
-
total
22 598
40 075
-
-
Dividends
41 965
74 425
-
-
social contributions
5 227
5 227
-
-
total
5 227
5 227
-
-
Income
114 500
114 500
114 500
114 500
Total tax
41 846
45 302
30 166
34 170
After tax
72 654
69 198
84 334
80 330
Living cost
35 917
35 917
35 917
35 917
Free-cash
36 737
33 281
48 417
44 413

Estimated living cost  is ₽35917 per week

₽23658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44709
₽33069
₽43752
₽43607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
income
-
-
-
26 441
pensions
-
-
-
7 687
total
-
-
-
34 128
Employee
50 266
-
100 569
-
pensions
3 837
-
9 873
-
income
9 154
-
19 320
-
health
656
-
1 687
-
total
13 647
-
30 880
-
Employer
50 266
-
100 569
-
health
955
-
1 911
-
pensions
5 078
-
12 020
-
total
6 033
-
13 931
-
Corporate
58 200
114 500
-
-
income

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

11 058
21 756
-
-
total
11 058
21 756
-
-
Dividends
47 142
92 744
-
-
withholding
3 535
11 415
-
-
total
3 535
11 415
-
-
Income
114 500
114 500
114 500
114 500
Total tax
34 273
33 171
44 811
34 128
After tax
80 227
81 329
69 689
80 372
Living cost
36 620
36 620
36 620
36 620
Free-cash
43 607
44 709
33 069
43 752

Estimated living cost  is ₽36620 per week

₽25121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14615
₽36123
₽54607
₽5610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
accident
-
-
-
253
income
-
-
-
29 019
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 173
total
-
-
-
36 004
Employee
37 578
-
99 358
-
pensions
4 231
-
7 651
-
income
5 155
-
20 320
-
health
4 303
-
11 376
-
total
13 689
-
39 347
-
Employer
37 578
-
99 358
-
pensions
6 110
-
11 048
-
accident
628
-
1 659
-
unemployment
921
-
2 434
-
total
7 659
-
15 141
-
Corporate
69 264
114 500
-
-
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.

62 337
103 050
-
-
total
62 337
103 050
-
-
Dividends
6 926
11 450
-
-
withholding
1 316
2 176
-
-
total
1 316
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
85 001
105 226
54 488
36 004
After tax
29 499
9 274
60 012
78 496
Living cost
23 889
23 889
23 889
23 889
Free-cash
5 610
-14 615
36 123
54 607

Estimated living cost  is ₽23889 per week

₽17532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₽82983
₽61393
₽51670
₽78351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
114 500
income
-
-
-
17 973
unemployment
-
-
-
1 374
work injury
-
-
-
573
health insurance
-
-
-
8 473
pensions
-
-
-
21 068
total
-
-
-
49 461
Employee

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

21 391
-
114 500
-
health insurance
1 583
-
5 857
-
unemployment
257
-
950
-
work injury
107
-
396
-
pensions
3 936
-
14 562
-
income
2 139
-
17 973
-
total
8 022
-
39 738
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
93 109
114 500
-
-
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%.

931
1 145
-
-
total
931
1 145
-
-
Dividends
92 178
113 355
-
-
withholding
13 827
17 003
-
-
total
13 827
17 003
-
-
Income
114 500
114 500
114 500
114 500
Total tax
22 780
18 148
39 738
49 461
After tax
91 720
96 352
74 762
65 039
Living cost
13 369
13 369
13 369
13 369
Free-cash
78 351
82 983
61 393
51 670

Estimated living cost  is ₽13369 per week

₽8282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽971
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.
₽3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20895
₽11791
₽17028
₽16392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
114 500
social contributions
-
-
-
29 449
regional
-
-
-
2 430
municipal
-
-
-
766
national
-
-
-
25 410
total
-
-
-
58 055
Employee
83 377
-
114 500
-
municipal
498
-
683
-
national
14 090
-
21 929
-
regional
1 259
-
2 070
-
social contributions
28 114
-
38 610
-
total
43 961
-
63 292
-
Employer
83 377
-
114 500
-
total
-
-
-
-
Corporate
31 123
114 500
-
-
municipal
1 500
5 518
-
-
nationa
7 469
27 479
-
-
total
8 969
32 997
-
-
Dividends
22 154
81 502
-
-
withholding
5 761
21 191
-
-
total
5 761
21 191
-
-
Income
114 500
114 500
114 500
114 500
Total tax
58 691
54 188
63 292
58 055
After tax
55 809
60 312
51 208
56 445
Living cost
39 417
39 417
39 417
39 417
Free-cash
16 392
20 895
11 791
17 028

Estimated living cost  is ₽39417 per week

₽27688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽595
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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