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
₽28942
₽48011
₽36963
₽39495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 457
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.

-
-
-
1 620
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.

-
-
-
6 517
trade
-
-
-
11 048
total
-
-
-
48 642
Employee

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

36 487
-
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.

56
-
1 620
-
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.

1 019
-
29 457
-
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.

6 517
-
6 517
-
total
7 592
-
37 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 013
114 500
-
-
income
11 702
17 174
-
-
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.

644
945
-
-
chamber of commerce
257
310
-
-
trade
12 287
18 034
-
-
total
24 890
36 463
-
-
Dividends
53 123
78 037
-
-
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.

710
1 054
-
-
withholding
12 918
19 146
-
-
total
13 628
20 200
-
-
Income
114 500
114 500
114 500
114 500
Total tax
46 110
56 663
37 594
48 642
After tax
68 390
57 837
76 906
65 858
Living cost
28 895
28 895
28 895
28 895
Free-cash
39 495
28 942
48 011
36 963

Estimated living cost  is ₽28895 per week

₽18176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3369
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.
₽6810
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20352
₽18489
₽17590
₽19501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 097
national
-
-
-
18 745
pensions
-
-
-
13 740
total
-
-
-
45 813
Employee
79 209
-
98 984
-
municipal
9 784
-
12 540
-
pensions
3 168
-
3 959
-
national
15 161
-
19 432
-
total
28 113
-
35 931
-
Employer
79 209
-
98 984
-
pensions
6 337
-
7 919
-
social contributions
851
-
1 064
-
total
7 188
-
8 983
-
Corporate
22 875
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%.

4 575
22 900
-
-
total
4 575
22 900
-
-
Dividends
18 300
91 600
-
-
withholding
4 026
20 152
-
-
total
4 026
20 152
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 902
43 052
44 914
45 813
After tax
70 598
71 448
69 586
68 687
Living cost
51 097
51 097
51 097
51 097
Free-cash
19 501
20 352
18 489
17 590

Estimated living cost  is ₽51097 per week

₽34730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4750
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽765
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71754
₽44475
₽12064
₽63930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 843
surtax
-
-
-
29 197
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.

-
-
-
36 550
microenterprise
-
-
-
-
total
-
-
-
82 590
Employee
27 875
-
92 271
-
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.

3 067
-
10 150
-
income
4 962
-
17 800
-
total
8 029
-
27 950
-
Employer
27 875
-
92 271
-
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.

6 714
-
22 229
-
surtax
-
-
-
-
total
6 714
-
22 229
-
Corporate
79 910
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%.

15 981
22 900
-
-
total
15 981
22 900
-
-
Dividends

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

63 929
91 600
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
30 724
22 900
50 179
82 590
After tax
83 776
91 600
64 321
31 910
Living cost
19 846
19 846
19 846
19 846
Free-cash
63 930
71 754
44 475
12 064

Estimated living cost  is ₽19846 per week

₽12661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15925
₽21419
₽25677
₽10081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 920
health
-
-
-
11 763
pensions
-
-
-
11 177
total
-
-
-
48 860
Employee
81 464
81 464
97 438
-
pensions
14 664
11 177
11 177
-
income

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

13 334
13 334
13 334
-
health
12 504
10 636
11 546
-
total
40 502
35 147
36 057
-
Employer
81 464
81 464
97 438
-
health
5 663
5 663
6 772
-
pensions
5 670
5 670
6 781
-
unemployment
2 933
2 933
3 508
-
total
14 266
14 266
17 061
-
Corporate
19 770
18 771
-
-
income
3 954
3 755
-
-
total
3 954
3 755
-
-
Dividends
15 816
15 016
-
-
income
3 362
3 192
-
-
withholding
2 372
2 252
-
-
total
5 734
5 444
-
-
Income
114 500
114 500
114 500
114 500
Total tax
64 456
58 612
53 118
48 860
After tax
50 044
55 888
61 382
65 640
Living cost
39 963
39 963
39 963
39 963
Free-cash
10 081
15 925
21 419
25 677

Estimated living cost  is ₽39963 per week

₽28321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽635
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23554
₽21154
₽22205
₽22680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
171
other
-
-
-
9 923
unemployment
-
-
-
85
health
-
-
-
5 328
municipal
-
-
-
26 767
national
-
-
-
1 827
pensions
-
-
-
9 231
total
-
-
-
53 332
Employee
55 518
-
87 670
-
municipal
16 556
-
26 143
-
national
-
-
1 409
-
total
16 556
-
27 552
-
Employer
55 518
-
87 670
-
health
3 414
-
5 252
-
pensions
6 001
-
9 231
-
accident
111
-
171
-
unemployment
1 466
-
2 254
-
other
6 451
-
9 923
-
total
17 443
-
26 831
-
Corporate
41 538
114 500
-
-
income
9 138
25 190
-
-
total
9 138
25 190
-
-
Dividends
32 400
89 310
-
-
withholding
9 720
26 793
-
-
total
9 720
26 793
-
-
Income
114 500
114 500
114 500
114 500
Total tax
52 857
51 983
54 383
53 332
After tax
61 643
62 517
60 117
61 168
Living cost
38 963
38 963
38 963
38 963
Free-cash
22 680
23 554
21 154
22 205

Estimated living cost  is ₽38963 per week

₽25823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19773
₽39431
₽27892
₽33180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 457
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.

-
-
-
1 620
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.

-
-
-
6 517
trade
-
-
-
11 539
total
-
-
-
49 133
Employee

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

48 377
-
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.

228
-
1 620
-
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.

4 156
-
29 457
-
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.

6 517
-
6 517
-
total
10 901
-
37 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 123
114 500
-
-
income
9 919
17 174
-
-
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.

545
945
-
-
chamber of commerce
239
308
-
-
trade
10 876
18 835
-
-
total
21 579
37 262
-
-
Dividends
44 544
77 238
-
-
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.

592
1 043
-
-
withholding
10 773
18 947
-
-
total
11 365
19 990
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 845
57 252
37 594
49 133
After tax
70 655
57 248
76 906
65 367
Living cost
37 475
37 475
37 475
37 475
Free-cash
33 180
19 773
39 431
27 892

Estimated living cost  is ₽37475 per week

₽25064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52761
₽48135
₽49375
₽48803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 828
social contributions
-
-
-
15 435
health
-
-
-
2 920
total
-
-
-
34 183
Employee
73 355
73 355
104 359
-
social contributions
3 565
6 088
8 212
-
income
7 703
6 790
15 295
-
health
730
1 247
1 774
-
total
11 998
14 125
25 281
-
Employer
73 355
73 355
104 359
-
health
795
1 358
1 930
-
social contributions
3 565
6 088
8 212
-
total
4 360
7 446
10 142
-
Corporate
67 202
33 699
-
-
income
8 400
4 213
-
-
total
8 400
4 213
-
-
Dividends
58 802
29 487
-
-
withholding
9 997
5 013
-
-
total
9 997
5 013
-
-
Income
114 500
114 500
114 500
114 500
Total tax
34 755
30 797
35 423
34 183
After tax
79 745
83 703
79 077
80 317
Living cost
30 942
30 942
30 942
30 942
Free-cash
48 803
52 761
48 135
49 375

Estimated living cost  is ₽30942 per week

₽21152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46926
₽48868
₽61811
₽47291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

25 275
10 059
95 816
-
unemployment
379
151
1 437
-
pensions
2 528
1 006
9 582
-
income
3 090
1 230
11 713
-
health
1 769
704
6 707
-
total
7 766
3 091
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.

25 275
10 059
95 816
-
pensions
4 929
1 962
18 684
-
total
4 929
1 962
18 684
-
Corporate
84 296
102 479
-
-
income
7 587
9 223
-
-
total
7 587
9 223
-
-
Dividends
76 710
93 256
-
-
social contributions
14 843
18 070
-
-
withholding
14 575
17 719
-
-
total
29 418
35 789
-
-
Income
114 500
114 500
114 500
114 500
Total tax
49 700
50 065
48 123
35 180
After tax
64 800
64 435
66 377
79 320
Living cost
17 509
17 509
17 509
17 509
Free-cash
47 291
46 926
48 868
61 811

Estimated living cost  is ₽17509 per week

₽11949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68558
₽42956
₽38332
₽62633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
27 062
-
85 577
-
unemployment
433
-
1 369
-
pensions
541
-
1 711
-
income
3 047
-
16 499
-
total
4 021
-
19 579
-
Employer
27 062
-
85 577
-
health
3 517
-
11 124
-
pensions
5 413
-
17 115
-
unemployment
217
-
684
-
total
9 147
-
28 923
-
Corporate
78 290
114 500
-
-
income
15 657
22 900
-
-
total
15 657
22 900
-
-
Dividends
62 633
91 600
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
28 825
22 900
48 502
53 126
After tax
85 675
91 600
65 998
61 374
Living cost
23 042
23 042
23 042
23 042
Free-cash
62 633
68 558
42 956
38 332

Estimated living cost  is ₽23042 per week

₽15804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12007
₽38951
₽57193
₽6010
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
244
income
-
-
-
29 289
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
36 026
Employee
33 476
-
99 734
-
pensions
3 769
-
7 380
-
income
4 593
-
20 704
-
health
3 833
-
11 419
-
total
12 195
-
39 503
-
Employer
33 476
-
99 734
-
pensions
5 443
-
10 657
-
accident
559
-
1 665
-
unemployment
820
-
2 443
-
total
6 822
-
14 765
-
Corporate
74 202
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.

66 782
103 050
-
-
total
66 782
103 050
-
-
Dividends
7 420
11 450
-
-
withholding
1 410
2 176
-
-
total
1 410
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
87 209
105 226
54 268
36 026
After tax
27 291
9 274
60 232
78 474
Living cost
21 281
21 281
21 281
21 281
Free-cash
6 010
-12 007
38 951
57 193

Estimated living cost  is ₽21281 per week

₽15597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100988
₽83813
₽105568
₽99529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 733
-
114 500
-
income
1 946
-
22 900
-
total
1 946
-
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%.

104 767
114 500
-
-
total
-
-
-
-
Dividends
104 767
114 500
-
-
withholding
5 238
5 725
-
-
total
5 238
5 725
-
-
Income
114 500
114 500
114 500
114 500
Total tax
7 184
5 725
22 900
1 145
After tax
107 316
108 775
91 600
113 355
Living cost
7 787
7 787
7 787
7 787
Free-cash
99 529
100 988
83 813
105 568

Estimated living cost  is ₽7787 per week

₽4826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58704
₽40762
₽36024
₽52261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 100
other
-
-
-
5 438
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.

-
-
-
27 481
total
-
-
-
53 057
Employee
34 637
-
91 453
-
unemployment
346
-
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.

2 424
-
6 403
-
income
5 963
-
16 677
-
health
485
-
1 280
-
total
9 218
-
25 274
-
Employer
34 637
-
91 453
-
health
485
-
1 280
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

5 889
-
15 547
-
accident
277
-
731
-
unemployment
346
-
914
-
other
1 732
-
4 573
-
total
8 729
-
23 045
-
Corporate
71 133
114 500
-
-
income
14 939
24 045
-
-
total
14 939
24 045
-
-
Dividends
56 195
90 455
-
-
withholding
3 934
6 332
-
-
total
3 934
6 332
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 820
30 377
48 319
53 057
After tax
77 680
84 123
66 181
61 443
Living cost
25 419
25 419
25 419
25 419
Free-cash
52 261
58 704
40 762
36 024

Estimated living cost  is ₽25419 per week

₽17960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17375
₽6004
₽16655
₽9646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 215
pensions
-
-
-
7 460
total
-
-
-
34 675
Employee
89 376
-
100 503
-
pensions
8 622
-
9 557
-
income
16 111
-
20 113
-
health
1 473
-
1 658
-
total
26 206
-
31 328
-
Employer
89 376
-
100 503
-
health
1 697
-
1 910
-
pensions
10 553
-
12 088
-
total
12 250
-
13 998
-
Corporate
12 874
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.

2 446
21 754
-
-
total
2 446
21 754
-
-
Dividends
10 428
92 746
-
-
withholding
782
12 201
-
-
total
782
12 201
-
-
Income
114 500
114 500
114 500
114 500
Total tax
41 684
33 955
45 326
34 675
After tax
72 816
80 545
69 174
79 825
Living cost
63 170
63 170
63 170
63 170
Free-cash
9 646
17 375
6 004
16 655

Estimated living cost  is ₽63170 per week

₽47334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7422
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.
₽7900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽85394
₽79843
₽75928
₽80966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
133
health
-
-
-
3 831
pensions

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

-
-
-
4 930
total
-
-
-
26 069
Employee
16 556
-
107 965
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
pensions

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

1 454
-
2 925
-
income
1 655
-
10 796
-
health
761
-
1 532
-
total
4 052
-
15 619
-
Employer
16 556
-
107 965
-
health
1 143
-
2 298
-
pensions

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

1 825
-
3 671
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
unemployment
99
-
200
-
total
3 249
-
6 535
-
Corporate
94 696
114 500
-
-
income
9 469
11 450
-
-
total
9 469
11 450
-
-
Dividends
85 226
103 050
-
-
withholding
4 261
5 153
-
-
total
4 261
5 153
-
-
Income
114 500
114 500
114 500
114 500
Total tax
21 031
16 603
22 154
26 069
After tax
93 469
97 897
92 346
88 431
Living cost
12 503
12 503
12 503
12 503
Free-cash
80 966
85 394
79 843
75 928

Estimated living cost  is ₽12503 per week

₽7299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽2990
₽8484
₽12742
₽5391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 920
health
-
-
-
11 763
pensions
-
-
-
11 177
total
-
-
-
48 860
Employee
88 444
81 464
97 438
-
pensions
11 177
11 177
11 177
-
income

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

13 334
13 334
13 334
-
health
11 034
10 636
11 546
-
total
35 545
35 147
36 057
-
Employer
88 444
81 464
97 438
-
health
6 146
5 663
6 772
-
pensions
6 155
5 670
6 781
-
unemployment
3 184
2 933
3 508
-
total
15 485
14 266
17 061
-
Corporate
10 571
18 771
-
-
income
2 114
3 755
-
-
total
2 114
3 755
-
-
Dividends
8 456
15 016
-
-
income
1 798
3 192
-
-
withholding
1 269
2 252
-
-
total
3 067
5 444
-
-
Income
114 500
114 500
114 500
114 500
Total tax
56 211
58 612
53 118
48 860
After tax
58 289
55 888
61 382
65 640
Living cost
52 898
52 898
52 898
52 898
Free-cash
5 391
2 990
8 484
12 742

Estimated living cost  is ₽52898 per week

₽39021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽606
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55089
₽34361
₽32024
₽46618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 918
-
85 448
-
solidarity contribution
-
-
-
-
social contributions
2 270
-
5 554
-
income
4 190
-
10 254
-
health
4 714
-
11 535
-
total
11 174
-
27 343
-
Employer
34 918
-
85 448
-
health
3 143
-
7 690
-
social contributions
8 729
-
21 362
-
total
11 872
-
29 052
-
Corporate
67 710
114 500
-
-
income
12 865
21 755
-
-
total
12 865
21 755
-
-
Dividends
54 845
92 745
-
-
withholding
8 227
13 912
-
-
total
8 227
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 138
35 667
56 395
58 732
After tax
70 362
78 833
58 105
55 768
Living cost
23 744
23 744
23 744
23 744
Free-cash
46 618
55 089
34 361
32 024

Estimated living cost  is ₽23744 per week

₽16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20836
₽11716
₽17161
₽15855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 450
regional
-
-
-
1 296
municipal
-
-
-
681
national
-
-
-
25 658
total
-
-
-
57 085
Employee
84 782
-
114 500
-
municipal
449
-
606
-
national
14 691
-
22 176
-
regional
800
-
1 139
-
social contributions
28 589
-
38 609
-
total
44 529
-
62 530
-
Employer
84 782
-
114 500
-
total
-
-
-
-
Corporate
29 718
114 500
-
-
municipal
1 159
4 466
-
-
nationa
7 133
27 481
-
-
total
8 292
31 947
-
-
Dividends
21 427
82 553
-
-
withholding
5 570
21 463
-
-
total
5 570
21 463
-
-
Income
114 500
114 500
114 500
114 500
Total tax
58 391
53 410
62 530
57 085
After tax
56 109
61 090
51 970
57 415
Living cost
40 254
40 254
40 254
40 254
Free-cash
15 855
20 836
11 716
17 161

Estimated living cost  is ₽40254 per week

₽28060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽617
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50968
₽33036
₽34923
₽48001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 066
other
-
-
-
-
surtax
-
-
-
3 213
unemployment
-
-
-
217
health
-
-
-
8 130
pensions
-
-
-
22 900
total
-
-
-
58 526
Employee
31 547
-
94 588
-
other
-
-
-
-
unemployment
2 196
-
6 584
-
pensions
2 104
-
6 309
-
surtax
103
-
2 916
-
income
5 288
-
22 281
-
health
806
-
2 411
-
total
10 497
-
40 501
-
Employer
31 547
-
94 588
-
health
1 436
-
4 305
-
pensions
4 205
-
12 609
-
unemployment
999
-
2 998
-
other
-
-
-
-
total
6 640
-
19 912
-
Corporate
76 313
114 500
-
-
income
19 841
29 771
-
-
total
19 841
29 771
-
-
Dividends
56 472
84 729
-
-
withholding
8 470
12 710
-
-
total
8 470
12 710
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 448
42 481
60 413
58 526
After tax
69 052
72 019
54 087
55 974
Living cost
21 051
21 051
21 051
21 051
Free-cash
48 001
50 968
33 036
34 923

Estimated living cost  is ₽21051 per week

₽12871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and 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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽37389
₽26018
₽36669
₽35200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 215
pensions
-
-
-
7 460
total
-
-
-
34 675
Employee
59 897
-
100 503
-
pensions
5 084
-
9 557
-
income
10 788
-
20 113
-
health
870
-
1 658
-
total
16 742
-
31 328
-
Employer
59 897
-
100 503
-
health
1 138
-
1 910
-
pensions
6 484
-
12 088
-
total
7 622
-
13 998
-
Corporate
46 981
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.

8 926
21 754
-
-
total
8 926
21 754
-
-
Dividends
38 055
92 746
-
-
withholding
2 854
12 201
-
-
total
2 854
12 201
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 144
33 955
45 326
34 675
After tax
78 356
80 545
69 174
79 825
Living cost
43 156
43 156
43 156
43 156
Free-cash
35 200
37 389
26 018
36 669

Estimated living cost  is ₽43156 per week

₽32332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3235
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽23701
₽13166
₽18844
₽8842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 289
regional
-
-
-
4 339
health
-
-
-
258
city
-
-
-
1 207
national
-
-
-
969
pensions
-
-
-
10 535
total
-
-
-
19 597
Employee
89 009
-
102 486
-
unemployment
-
-
-
-
pensions
7 478
-
8 607
-
national
421
-
732
-
regional
2 915
-
3 716
-
city
955
-
1 102
-
health
201
-
231
-
total
11 970
-
14 388
-
Employer
89 009
-
102 486
-
health
201
-
231
-
pensions
7 478
-
8 607
-
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.

1 780
-
2 049
-
total
9 459
-
10 887
-
Corporate
15 054
114 500
-
-
regional
3 184
24 217
-
-
national
1 280
9 732
-
-
total
4 464
33 949
-
-
Dividends
10 590
80 550
-
-
withholding
3 706
28 193
-
-
total
3 706
28 193
-
-
Income
114 500
114 500
114 500
114 500
Total tax
29 599
62 142
25 275
19 597
After tax
84 901
52 358
89 225
94 903
Living cost
76 059
76 059
76 059
76 059
Free-cash
8 842
-23 701
13 166
18 844

Estimated living cost  is ₽76059 per week

₽49460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽934
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽12958
₽33205
₽21175
₽28430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 457
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.

-
-
-
1 620
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.

-
-
-
6 517
trade
-
-
-
12 030
total
-
-
-
49 624
Employee

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

57 331
-
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.

371
-
1 620
-
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.

6 742
-
29 457
-
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.

6 517
-
6 517
-
total
13 630
-
37 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 169
114 500
-
-
income
8 575
17 174
-
-
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.

472
945
-
-
chamber of commerce
224
306
-
-
trade
9 805
19 636
-
-
total
19 076
38 061
-
-
Dividends
38 092
76 438
-
-
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.

503
1 032
-
-
withholding
9 160
18 748
-
-
total
9 663
19 780
-
-
Income
114 500
114 500
114 500
114 500
Total tax
42 369
57 841
37 594
49 624
After tax
72 131
56 659
76 906
64 876
Living cost
43 701
43 701
43 701
43 701
Free-cash
28 430
12 958
33 205
21 175

Estimated living cost  is ₽43701 per week

₽31918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25069
₽36232
₽32751
₽30706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 608
other
-
-
-
3 550
surtax
-
-
-
-
social contributions
-
-
-
3 262
health
-
-
-
3 172
pensions
-
-
-
25 519
total
-
-
-
49 111
Employee
40 828
-
91 612
-
pensions
4 616
-
5 082
-
surtax
-
-
-
-
social contributions
1 164
-
2 610
-
income
2 410
-
15 050
-
total
8 190
-
22 742
-
Employer
40 828
-
91 612
-
health
2 858
-
6 953
-
pensions
6 707
-
8 788
-
unemployment
1 653
-
3 711
-
social contributions
123
-
275
-
other
1 408
-
3 161
-
total
12 749
-
22 888
-
Corporate
60 922
114 500
-
-
income
17 059
32 061
-
-
surtax
-
-
-
-
total
17 059
32 061
-
-
Dividends
43 863
82 439
-
-
surtax
-
-
-
-
social contributions
7 544
14 180
-
-
withholding
5 614
10 552
-
-
total
13 158
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
51 156
56 793
45 630
49 111
After tax
63 344
57 707
68 870
65 389
Living cost
32 638
32 638
32 638
32 638
Free-cash
30 706
25 069
36 232
32 751

Estimated living cost  is ₽32638 per week

₽20580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28303
₽39466
₽35985
₽33603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 608
other
-
-
-
3 550
surtax
-
-
-
-
social contributions
-
-
-
3 262
health
-
-
-
3 172
pensions
-
-
-
25 519
total
-
-
-
49 111
Employee
36 445
-
91 612
-
pensions
4 122
-
5 082
-
surtax
-
-
-
-
social contributions
1 039
-
2 610
-
income
1 879
-
15 050
-
total
7 040
-
22 742
-
Employer
36 445
-
91 612
-
health
2 551
-
6 953
-
pensions
5 989
-
8 788
-
unemployment
1 475
-
3 711
-
social contributions
109
-
275
-
other
1 258
-
3 161
-
total
11 382
-
22 888
-
Corporate
66 674
114 500
-
-
income
18 668
32 061
-
-
surtax
-
-
-
-
total
18 668
32 061
-
-
Dividends
48 006
82 439
-
-
surtax
-
-
-
-
social contributions
8 259
14 180
-
-
withholding
6 144
10 552
-
-
total
14 403
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
51 493
56 793
45 630
49 111
After tax
63 007
57 707
68 870
65 389
Living cost
29 404
29 404
29 404
29 404
Free-cash
33 603
28 303
39 466
35 985

Estimated living cost  is ₽29404 per week

₽17053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49629
₽52515
₽53305
₽50123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 174
social contributions
-
-
-
15 800
health
-
-
-
7 993
total
-
-
-
40 967
Employee
32 345
-
114 500
-
social contributions
4 464
-
15 800
-
income
5 395
-
17 964
-
health
2 257
-
7 993
-
total
12 116
-
41 757
-
Employer
32 345
-
114 500
-
total
-
-
-
-
Corporate
82 155
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%.

4 108
5 724
-
-
total
4 108
5 724
-
-
Dividends
78 048
108 776
-
-
social contributions
10 771
15 011
-
-
withholding
11 707
16 316
-
-
health
5 447
7 592
-
-
total
27 925
38 919
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 149
44 643
41 757
40 967
After tax
70 351
69 857
72 743
73 533
Living cost
20 228
20 228
20 228
20 228
Free-cash
50 123
49 629
52 515
53 305

Estimated living cost  is ₽20228 per week

₽13538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1247
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30252
-₽1336
₽23258
₽28776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 988
surtax
-
-
-
188
unemployment
-
-
-
5 851
chamber of commerce
-
-
-
458
health
-
-
-
8 525
pensions
-
-
-
20 618
total
-
-
-
57 628
Employee
47 675
38 017
88 766
-
other
476
380
887
-
unemployment
1 430
1 140
2 663
-
pensions
4 882
3 892
9 090
-
income
5 427
2 804
19 126
-
health
1 845
1 472
3 436
-
total
14 060
9 688
35 202
-
Employer
47 675
38 017
88 766
-
chamber of commerce
190
152
355
-
health
1 801
1 437
3 355
-
pensions
5 983
4 772
11 141
-
accident
619
494
1 153
-
unemployment
1 430
1 140
2 663
-
surtax
188
188
188
-
payroll
1 430
1 140
2 663
-
other
2 265
1 805
4 216
-
total
13 906
11 128
25 734
-
Corporate
52 919
65 354
85 146
-
income

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

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

13 230
16 338
21 286
-
total
13 230
16 338
21 286
-
Dividends
39 689
49 015
-
-
withholding
10 914
13 480
-
-
total
10 914
13 480
-
-
Income
114 500
114 500
114 500
114 500
Total tax
52 110
50 634
82 222
57 628
After tax
62 390
63 866
32 278
56 872
Living cost
33 614
33 614
33 614
33 614
Free-cash
28 776
30 252
-1 336
23 258

Estimated living cost  is ₽33614 per week

₽22419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽552
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29364
₽8519
₽16923
₽15057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 771
social contributions
-
-
-
18 306
national
-
-
-
38 717
total
-
-
-
62 794
Employee

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

68 237
-
88 683
-
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.

594
-
771
-
communal

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

3 559
-
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.

5 118
-
6 651
-
national
20 979
-
29 168
-
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.

3 206
-
4 167
-
total
33 456
-
45 382
-
Employer

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

68 237
-
88 683
-
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.

4 196
-
5 454
-
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.

6 046
-
7 857
-
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.

887
-
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.

996
-
1 294
-
surtax
7 737
-
10 058
-
total
19 862
-
25 816
-
Corporate
26 400
114 500
-
-
income
5 281
22 900
-
-
surtax
105
458
-
-
total
5 386
23 358
-
-
Dividends
21 014
91 141
-
-
withholding

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

5 956
26 995
-
-
total
5 956
26 995
-
-
Income
114 500
114 500
114 500
114 500
Total tax
64 660
50 353
71 198
62 794
After tax
49 840
64 147
43 302
51 706
Living cost
34 783
34 783
34 783
34 783
Free-cash
15 057
29 364
8 519
16 923

Estimated living cost  is ₽34783 per week

₽22404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42518
₽24555
₽28754
₽35052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
income
-
-
-
24 768
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
51 295
Employee
47 486
-
86 820
-
other
47
-
87
-
unemployment
737
-
1 345
-
pensions
2 232
-
4 080
-
income
10 019
-
22 302
-
total
13 035
-
27 814
-
Employer
47 486
-
86 820
-
pensions
11 206
-
20 489
-
accident
940
-
1 720
-
unemployment
2 612
-
4 776
-
other
378
-
695
-
total
15 136
-
27 680
-
Corporate
51 878
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.

7 783
17 174
-
-
total
7 783
17 174
-
-
Dividends
44 096
97 326
-
-
withholding
9 043
20 357
-
-
total
9 043
20 357
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 997
37 531
55 494
51 295
After tax
69 503
76 969
59 006
63 205
Living cost
34 451
34 451
34 451
34 451
Free-cash
35 052
42 518
24 555
28 754

Estimated living cost  is ₽34451 per week

₽25370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17480
₽15327
₽10742
₽8656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 831
surtax
-
-
-
5 677
health
-
-
-
8 045
pensions
-
-
-
17 162
total
-
-
-
51 916
Employee
72 242
-
102 279
-
pensions
5 779
-
8 183
-
surtax
4 428
-
6 267
-
income
6 978
-
16 108
-
health
3 215
-
4 551
-
total
20 400
-
35 109
-
Employer
72 242
-
102 279
-
health
2 203
-
3 119
-
pensions
5 779
-
8 183
-
accident
650
-
920
-
total
8 632
-
12 222
-
Corporate
33 626
114 500
-
-
communal
2 270
7 728
-
-
income
5 044
17 174
-
-
surtax
353
1 202
-
-
total
7 667
26 104
-
-
Dividends
25 959
88 395
-
-
income
13 409
5 815
-
-
withholding
3 894
13 259
-
-
total
17 303
19 074
-
-
Income
114 500
114 500
114 500
114 500
Total tax
54 002
45 178
47 331
51 916
After tax
60 498
69 322
67 169
62 584
Living cost
51 842
51 842
51 842
51 842
Free-cash
8 656
17 480
15 327
10 742

Estimated living cost  is ₽51842 per week

₽38889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50592
₽32660
₽34547
₽47560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 066
other
-
-
-
-
surtax
-
-
-
3 213
unemployment
-
-
-
217
health
-
-
-
8 130
pensions
-
-
-
22 900
total
-
-
-
58 526
Employee
32 126
-
94 588
-
other
-
-
-
-
unemployment
2 236
-
6 584
-
pensions
2 143
-
6 309
-
surtax
114
-
2 916
-
income
5 386
-
22 281
-
health
820
-
2 411
-
total
10 699
-
40 501
-
Employer
32 126
-
94 588
-
health
1 461
-
4 305
-
pensions
4 283
-
12 609
-
unemployment
1 019
-
2 998
-
other
-
-
-
-
total
6 763
-
19 912
-
Corporate
75 611
114 500
-
-
income
19 658
29 771
-
-
total
19 658
29 771
-
-
Dividends
55 952
84 729
-
-
withholding
8 393
12 710
-
-
total
8 393
12 710
-
-
Income
114 500
114 500
114 500
114 500
Total tax
45 513
42 481
60 413
58 526
After tax
68 987
72 019
54 087
55 974
Living cost
21 427
21 427
21 427
21 427
Free-cash
47 560
50 592
32 660
34 547

Estimated living cost  is ₽21427 per week

₽12937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34485
₽25870
₽31287
₽32369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 450
regional
-
-
-
1 726
municipal
-
-
-
681
national
-
-
-
25 658
total
-
-
-
57 515
Employee
52 917
-
114 500
-
municipal
281
-
606
-
national
8 384
-
22 176
-
regional
712
-
1 541
-
social contributions
17 844
-
38 609
-
total
27 221
-
62 932
-
Employer
52 917
-
114 500
-
total
-
-
-
-
Corporate
61 583
114 500
-
-
municipal
3 061
5 690
-
-
nationa
14 779
27 481
-
-
total
17 840
33 171
-
-
Dividends
43 742
81 330
-
-
withholding
11 372
21 146
-
-
total
11 372
21 146
-
-
Income
114 500
114 500
114 500
114 500
Total tax
56 433
54 317
62 932
57 515
After tax
58 067
60 183
51 568
56 985
Living cost
25 698
25 698
25 698
25 698
Free-cash
32 369
34 485
25 870
31 287

Estimated living cost  is ₽25698 per week

₽15981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49574
₽28846
₽26509
₽39137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
43 028
-
85 448
-
solidarity contribution
-
-
-
-
social contributions
2 797
-
5 554
-
income
5 163
-
10 254
-
health
5 809
-
11 535
-
total
13 769
-
27 343
-
Employer
43 028
-
85 448
-
health
3 872
-
7 690
-
social contributions
10 757
-
21 362
-
total
14 629
-
29 052
-
Corporate
56 843
114 500
-
-
income
10 800
21 755
-
-
total
10 800
21 755
-
-
Dividends
46 043
92 745
-
-
withholding
6 906
13 912
-
-
total
6 906
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
46 104
35 667
56 395
58 732
After tax
68 396
78 833
58 105
55 768
Living cost
29 259
29 259
29 259
29 259
Free-cash
39 137
49 574
28 846
26 509

Estimated living cost  is ₽29259 per week

₽21759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33534
₽1880
₽26625
₽33059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 988
surtax
-
-
-
-
unemployment
-
-
-
5 851
chamber of commerce
-
-
-
458
health
-
-
-
8 525
pensions
-
-
-
20 618
total
-
-
-
57 440
Employee
41 700
38 017
88 911
-
other
416
380
889
-
unemployment
1 251
1 140
2 667
-
pensions
4 271
3 892
9 104
-
income
3 715
2 804
19 175
-
health
1 613
1 472
3 441
-
total
11 266
9 688
35 276
-
Employer
41 700
38 017
88 911
-
chamber of commerce
167
152
355
-
health
1 577
1 437
3 360
-
pensions
5 234
4 772
11 159
-
accident
541
494
1 155
-
unemployment
1 251
1 140
2 667
-
surtax
-
-
-
-
payroll
1 251
1 140
2 667
-
other
1 980
1 805
4 222
-
total
12 001
10 940
25 585
-
Corporate
60 799
65 542
85 296
-
income

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

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

15 199
16 385
21 324
-
total
15 199
16 385
21 324
-
Dividends
45 600
49 157
-
-
withholding
12 540
13 518
-
-
total
12 540
13 518
-
-
Income
114 500
114 500
114 500
114 500
Total tax
51 006
50 531
82 185
57 440
After tax
63 494
63 969
32 315
57 060
Living cost
30 435
30 435
30 435
30 435
Free-cash
33 059
33 534
1 880
26 625

Estimated living cost  is ₽30435 per week

₽18257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96641
₽79466
₽101221
₽94366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 168
-
114 500
-
income
3 034
-
22 900
-
total
3 034
-
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%.

99 332
114 500
-
-
total
-
-
-
-
Dividends
99 332
114 500
-
-
withholding
4 966
5 725
-
-
total
4 966
5 725
-
-
Income
114 500
114 500
114 500
114 500
Total tax
8 000
5 725
22 900
1 145
After tax
106 500
108 775
91 600
113 355
Living cost
12 134
12 134
12 134
12 134
Free-cash
94 366
96 641
79 466
101 221

Estimated living cost  is ₽12134 per week

₽8211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽53246
₽29532
₽32814
₽45264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 749
unemployment
-
-
-
172
health
-
-
-
11 267
pensions
-
-
-
20 911
total
-
-
-
56 099
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

42 184
-
99 074
-
unemployment
60
-
139
-
pensions
6 539
-
15 357
-
income
7 275
-
22 058
-
health
2 725
-
6 401
-
total
16 599
-
43 955
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

42 184
-
99 074
-
health
2 810
-
6 599
-
pensions
3 733
-
8 767
-
unemployment
25
-
60
-
total
6 568
-
15 426
-
Corporate
65 748
114 500
-
-
income
12 493
21 755
-
-
total
12 493
21 755
-
-
Dividends
53 255
92 745
-
-
withholding
7 989
13 912
-
-
total
7 989
13 912
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 649
35 667
59 381
56 099
After tax
70 851
78 833
55 119
58 401
Living cost
25 587
25 587
25 587
25 587
Free-cash
45 264
53 246
29 532
32 814

Estimated living cost  is ₽25587 per week

₽17560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28518
₽60812
₽37985
-₽27678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
58 995
-
-
-
social contributions
4 838
-
689
-
income
13 013
-
-
-
total
17 851
-
689
-
Employer
58 995
-
-
-
social contributions
83 183
-
11 855
-
total
83 183
-
11 855
-
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
101 034
44 838
12 544
35 371
After tax
13 466
69 662
101 956
79 129
Living cost
41 144
41 144
41 144
41 144
Free-cash
-27 678
28 518
60 812
37 985

Estimated living cost  is ₽41144 per week

₽26696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3870
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.
₽10054
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35204
₽26152
₽33182
₽34245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 606
surtax
-
-
-
-
social contributions

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

-
-
-
39 789
total
-
-
-
51 395
Employee
43 875
-
92 525
-
surtax
-
-
-
-
social contributions
4 826
-
10 178
-
income
9 126
-
26 272
-
total
13 952
-
36 450
-
Employer
43 875
-
92 525
-
social contributions
10 420
-
21 975
-
total
10 420
-
21 975
-
Corporate
60 205
114 500
-
-
income
12 643
24 045
-
-
surtax
-
-
-
-
total
12 643
24 045
-
-
Dividends
47 562
90 455
-
-
withholding
13 317
25 328
-
-
total
13 317
25 328
-
-
Income
114 500
114 500
114 500
114 500
Total tax
50 332
49 373
58 425
51 395
After tax
64 168
65 127
56 075
63 105
Living cost
29 923
29 923
29 923
29 923
Free-cash
34 245
35 204
26 152
33 182

Estimated living cost  is ₽29923 per week

₽22388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11632
₽22795
₽19314
₽18190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 608
other
-
-
-
3 550
surtax
-
-
-
-
social contributions
-
-
-
3 262
health
-
-
-
3 172
pensions
-
-
-
25 519
total
-
-
-
49 111
Employee
59 748
-
91 612
-
pensions
6 758
-
5 082
-
surtax
-
-
-
-
social contributions
1 702
-
2 610
-
income
5 213
-
15 050
-
total
13 673
-
22 742
-
Employer
59 748
-
91 612
-
health
4 182
-
6 953
-
pensions
9 817
-
8 788
-
unemployment
2 420
-
3 711
-
social contributions
179
-
275
-
other
2 062
-
3 161
-
total
18 660
-
22 888
-
Corporate
36 091
114 500
-
-
income
10 105
32 061
-
-
surtax
-
-
-
-
total
10 105
32 061
-
-
Dividends
25 986
82 439
-
-
surtax
-
-
-
-
social contributions
4 471
14 180
-
-
withholding
3 326
10 552
-
-
total
7 797
24 732
-
-
Income
114 500
114 500
114 500
114 500
Total tax
50 235
56 793
45 630
49 111
After tax
64 265
57 707
68 870
65 389
Living cost
46 075
46 075
46 075
46 075
Free-cash
18 190
11 632
22 795
19 314

Estimated living cost  is ₽46075 per week

₽31183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽632
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74374
₽60537
₽57496
₽71170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 137
social contributions
-
-
-
25 191
total
-
-
-
28 328
Employee
30 669
-
99 134
-
income
-
-
3 476
-
social contributions
1 993
-
6 445
-
total
1 993
-
9 921
-
Employer
30 669
-
99 134
-
social contributions
4 754
-
15 366
-
total
4 754
-
15 366
-
Corporate
79 077
114 500
-
-
income
7 907
11 450
-
-
total
7 907
11 450
-
-
Dividends
71 170
103 050
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
14 654
11 450
25 287
28 328
After tax
99 846
103 050
89 213
86 172
Living cost
28 676
28 676
28 676
28 676
Free-cash
71 170
74 374
60 537
57 496

Estimated living cost  is ₽28676 per week

₽18541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2162
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.
₽7433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽93136
-₽93136
₽23981
-₽93136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 094
municipal
-
-
-
22 266
national
-
-
-
12 436
pensions
-
-
-
826
total
-
-
-
44 622
Employee
193 719
193 719
193 719
-
municipal
41 251
41 251
41 251
-
labour market
15 475
15 475
15 475
-
pensions
275
275
275
-
national
23 666
23 666
23 666
-
total
80 667
80 667
80 667
-
Employer
193 719
193 719
193 719
-
national
23 707
23 707
23 707
-
labour market
15 497
15 497
15 497
-
pensions
551
551
551
-
municipal
41 317
41 317
41 317
-
total
81 072
81 072
81 072
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
114 500
114 500
114 500
114 500
Total tax
161 739
161 739
161 739
44 622
After tax
-47 239
-47 239
-47 239
69 878
Living cost
45 897
45 897
45 897
45 897
Free-cash
-93 136
-93 136
-93 136
23 981

Estimated living cost  is ₽45897 per week

₽31412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4060
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽706
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11693
₽39265
₽57507
₽6058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
244
income
-
-
-
29 289
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
36 026
Employee
32 983
-
99 734
-
pensions
3 714
-
7 380
-
income
4 525
-
20 704
-
health
3 777
-
11 419
-
total
12 016
-
39 503
-
Employer
32 983
-
99 734
-
pensions
5 363
-
10 657
-
accident
551
-
1 665
-
unemployment
808
-
2 443
-
total
6 722
-
14 765
-
Corporate
74 796
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.

67 316
103 050
-
-
total
67 316
103 050
-
-
Dividends
7 480
11 450
-
-
withholding
1 421
2 176
-
-
total
1 421
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
87 475
105 226
54 268
36 026
After tax
27 025
9 274
60 232
78 474
Living cost
20 967
20 967
20 967
20 967
Free-cash
6 058
-11 693
39 265
57 507

Estimated living cost  is ₽20967 per week

₽15262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38047
₽26842
₽42544
₽37884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 365
municipal
-
-
-
20 364
national
-
-
-
13 602
total
-
-
-
35 331
Employee
50 190
-
96 323
-
municipal
8 221
-
15 712
-
unemployment
753
-
1 445
-
pensions
3 387
-
6 503
-
national
829
-
8 112
-
health
375
-
1 084
-
total
13 565
-
32 856
-
Employer
50 190
-
96 323
-
health
386
-
742
-
pensions
8 708
-
16 713
-
accident
51
-
96
-
unemployment
326
-
626
-
total
9 471
-
18 177
-
Corporate
54 841
114 500
-
-
income
10 969
22 900
-
-
total
10 969
22 900
-
-
Dividends

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

32 904
68 700
-
-
municipal
5 923
12 366
-
-
national
63
4 562
-
-
total
5 986
16 928
-
-
Income
114 500
114 500
114 500
114 500
Total tax
39 991
39 828
51 033
35 331
After tax
74 509
74 672
63 467
79 169
Living cost
36 625
36 625
36 625
36 625
Free-cash
37 884
38 047
26 842
42 544

Estimated living cost  is ₽36625 per week

₽23923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61616
₽56990
₽58230
₽56426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 828
social contributions
-
-
-
15 435
health
-
-
-
2 920
total
-
-
-
34 183
Employee
73 355
73 355
104 359
-
social contributions
2 773
6 088
8 212
-
income
7 987
6 790
15 295
-
health
568
1 247
1 774
-
total
11 328
14 125
25 281
-
Employer
73 355
73 355
104 359
-
health
617
1 358
1 930
-
social contributions
2 773
6 088
8 212
-
total
3 390
7 446
10 142
-
Corporate
77 694
33 699
-
-
income
9 712
4 213
-
-
total
9 712
4 213
-
-
Dividends
67 981
29 487
-
-
withholding
11 557
5 013
-
-
total
11 557
5 013
-
-
Income
114 500
114 500
114 500
114 500
Total tax
35 987
30 797
35 423
34 183
After tax
78 513
83 703
79 077
80 317
Living cost
22 087
22 087
22 087
22 087
Free-cash
56 426
61 616
56 990
58 230

Estimated living cost  is ₽22087 per week

₽13237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79673
₽59463
₽78599
₽74818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 208
unemployment
-
-
-
27
health
-
-
-
3 452
pensions
-
-
-
6 068
total
-
-
-
20 755
Employee

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

21 897
-
105 177
-
unemployment
109
-
453
-
pensions
3 284
-
13 577
-
income
1 497
-
8 844
-
health
1 861
-
7 694
-
total
6 751
-
30 568
-
Employer

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

21 897
-
105 177
-
health
941
-
3 892
-
pensions
1 204
-
4 978
-
unemployment
109
-
453
-
total
2 254
-
9 323
-
Corporate
90 350
114 500
-
-
income
8 132
10 304
-
-
total
8 132
10 304
-
-
Dividends
82 218
104 196
-
-
withholding
7 399
9 377
-
-
total
7 399
9 377
-
-
Income
114 500
114 500
114 500
114 500
Total tax
24 536
19 681
39 891
20 755
After tax
89 964
94 819
74 609
93 745
Living cost
15 146
15 146
15 146
15 146
Free-cash
74 818
79 673
59 463
78 599

Estimated living cost  is ₽15146 per week

₽9663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1092
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3939
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50736
₽32773
₽36972
₽45867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
income
-
-
-
24 768
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
51 295
Employee
35 273
-
86 820
-
other
34
-
87
-
unemployment
547
-
1 345
-
pensions
1 658
-
4 080
-
income
6 800
-
22 302
-
total
9 039
-
27 814
-
Employer
35 273
-
86 820
-
pensions
8 324
-
20 489
-
accident
699
-
1 720
-
unemployment
1 941
-
4 776
-
other
282
-
695
-
total
11 246
-
27 680
-
Corporate
67 981
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.

10 198
17 174
-
-
total
10 198
17 174
-
-
Dividends
57 783
97 326
-
-
withholding
11 917
20 357
-
-
total
11 917
20 357
-
-
Income
114 500
114 500
114 500
114 500
Total tax
42 400
37 531
55 494
51 295
After tax
72 100
76 969
59 006
63 205
Living cost
26 233
26 233
26 233
26 233
Free-cash
45 867
50 736
32 773
36 972

Estimated living cost  is ₽26233 per week

₽17707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2522
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.
₽5545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69598
₽71358
₽71489
₽69294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
38 833
health
-
-
-
978
pensions
-
-
-
1 350
total
-
-
-
41 161
Employee
2 818
-
112 982
-
unemployment
28
-
67
-
pensions
254
-
607
-
income
545
-
38 763
-
health
141
-
337
-
total
968
-
39 774
-
Employer
2 818
-
112 982
-
health
268
-
641
-
pensions
310
-
742
-
unemployment
56
-
135
-
total
634
-
1 518
-
Corporate
111 048
114 500
-
-
income
24 431
25 190
-
-
total
24 431
25 190
-
-
Dividends
86 617
89 310
-
-
withholding
17 323
17 862
-
-
total
17 323
17 862
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 356
43 052
41 292
41 161
After tax
71 144
71 448
73 208
73 339
Living cost
1 850
1 850
1 850
1 850
Free-cash
69 294
69 598
71 358
71 489

Estimated living cost  is ₽1850 per week

₽1100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽42
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66226
₽46707
₽46707
₽61532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 639
unemployment
-
-
-
1 058
health
-
-
-
7 263
pensions
-
-
-
18 333
total
-
-
-
51 293
Employee

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

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

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

24 882
-
101 878
-
unemployment
187
-
529
-
pensions
3 483
-
9 872
-
income
3 430
-
24 639
-
health
1 281
-
3 631
-
total
8 381
-
38 671
-
Employer

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

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

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

24 882
-
101 878
-
health
1 281
-
3 631
-
pensions
2 986
-
8 462
-
unemployment
187
-
529
-
total
4 454
-
12 622
-
Corporate
85 165
114 500
-
-
income
12 775
17 175
-
-
total
12 775
17 175
-
-
Dividends
72 390
97 325
-
-
withholding
10 858
14 599
-
-
total
10 858
14 599
-
-
Income
114 500
114 500
114 500
114 500
Total tax
36 468
31 774
51 293
51 293
After tax
78 032
82 726
63 207
63 207
Living cost
16 500
16 500
16 500
16 500
Free-cash
61 532
66 226
46 707
46 707

Estimated living cost  is ₽16500 per week

₽11110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1276
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.
₽3637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39409
₽30357
₽37387
₽39066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 606
surtax
-
-
-
-
social contributions

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

-
-
-
39 789
total
-
-
-
51 395
Employee
37 025
-
92 525
-
surtax
-
-
-
-
social contributions
4 073
-
10 178
-
income
7 235
-
26 272
-
total
11 308
-
36 450
-
Employer
37 025
-
92 525
-
social contributions
8 793
-
21 975
-
total
8 793
-
21 975
-
Corporate
68 682
114 500
-
-
income
14 423
24 045
-
-
surtax
-
-
-
-
total
14 423
24 045
-
-
Dividends
54 259
90 455
-
-
withholding
15 192
25 328
-
-
total
15 192
25 328
-
-
Income
114 500
114 500
114 500
114 500
Total tax
49 716
49 373
58 425
51 395
After tax
64 784
65 127
56 075
63 105
Living cost
25 718
25 718
25 718
25 718
Free-cash
39 066
39 409
30 357
37 387

Estimated living cost  is ₽25718 per week

₽18215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1787
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.
₽5261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43443
₽25480
₽29679
₽36303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
income
-
-
-
24 768
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
51 295
Employee
46 072
-
86 820
-
other
45
-
87
-
unemployment
713
-
1 345
-
pensions
2 165
-
4 080
-
income
9 623
-
22 302
-
total
12 546
-
27 814
-
Employer
46 072
-
86 820
-
pensions
10 873
-
20 489
-
accident
912
-
1 720
-
unemployment
2 534
-
4 776
-
other
369
-
695
-
total
14 688
-
27 680
-
Corporate
53 739
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.

8 061
17 174
-
-
total
8 061
17 174
-
-
Dividends
45 678
97 326
-
-
withholding
9 376
20 357
-
-
total
9 376
20 357
-
-
Income
114 500
114 500
114 500
114 500
Total tax
44 671
37 531
55 494
51 295
After tax
69 829
76 969
59 006
63 205
Living cost
33 526
33 526
33 526
33 526
Free-cash
36 303
43 443
25 480
29 679

Estimated living cost  is ₽33526 per week

₽24077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81493
₽75942
₽72027
₽75681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
133
health
-
-
-
3 831
pensions

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

-
-
-
4 930
total
-
-
-
26 069
Employee
21 722
-
107 965
-
accident

We are using the highest rate at 1.1%.

239
-
366
-
pensions

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

1 907
-
2 925
-
income
2 173
-
10 796
-
health
999
-
1 532
-
total
5 318
-
15 619
-
Employer
21 722
-
107 965
-
health
1 499
-
2 298
-
pensions

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

2 394
-
3 671
-
accident

We are using the highest rate at 1.1%.

239
-
366
-
unemployment
130
-
200
-
total
4 262
-
6 535
-
Corporate
88 516
114 500
-
-
income
8 852
11 450
-
-
total
8 852
11 450
-
-
Dividends
79 664
103 050
-
-
withholding
3 983
5 153
-
-
total
3 983
5 153
-
-
Income
114 500
114 500
114 500
114 500
Total tax
22 415
16 603
22 154
26 069
After tax
92 085
97 897
92 346
88 431
Living cost
16 404
16 404
16 404
16 404
Free-cash
75 681
81 493
75 942
72 027

Estimated living cost  is ₽16404 per week

₽10850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22187
₽40076
₽30011
₽34667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 457
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.

-
-
-
1 620
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.

-
-
-
6 517
trade
-
-
-
10 065
total
-
-
-
47 659
Employee

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

47 465
-
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.

215
-
1 620
-
income

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

3 903
-
29 457
-
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.

6 517
-
6 517
-
total
10 635
-
37 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 035
114 500
-
-
income
10 054
17 174
-
-
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.

552
945
-
-
chamber of commerce
243
313
-
-
trade
9 620
16 430
-
-
total
20 469
34 862
-
-
Dividends
46 565
79 637
-
-
surtax

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

621
1 075
-
-
withholding
11 278
19 546
-
-
total
11 899
20 621
-
-
Income
114 500
114 500
114 500
114 500
Total tax
43 003
55 483
37 594
47 659
After tax
71 497
59 017
76 906
66 841
Living cost
36 830
36 830
36 830
36 830
Free-cash
34 667
22 187
40 076
30 011

Estimated living cost  is ₽36830 per week

₽25406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25808
₽19542
₽19542
₽27913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 031
social contributions
-
-
-
10 585
total
-
-
-
40 616
Employee
74 621
-
114 500
-
income
14 081
-
30 031
-
social contributions
6 199
-
10 585
-
total
20 280
-
40 616
-
Employer
74 621
-
114 500
-
total
-
-
-
-
Corporate
39 879
114 500
-
-
income
4 986
14 312
-
-
total
4 986
14 312
-
-
Dividends
34 894
100 188
-
-
withholding
6 979
20 038
-
-
total
6 979
20 038
-
-
Income
114 500
114 500
114 500
114 500
Total tax
32 245
34 350
40 616
40 616
After tax
82 255
80 150
73 884
73 884
Living cost
54 342
54 342
54 342
54 342
Free-cash
27 913
25 808
19 542
19 542

Estimated living cost  is ₽54342 per week

₽41342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34756
₽49760
₽46892
₽38088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 155
health

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

-
-
-
5 824
total
-
-
-
32 979
Employee
43 762
-
110 112
-
income
4 748
-
21 335
-
social contributions
4 385
-
4 388
-
total
9 133
-
25 723
-
Employer
43 762
-
110 112
-
social contributions
4 385
-
4 388
-
total
4 385
-
4 388
-
Corporate
66 353
114 500
-
-
income
23 225
40 075
-
-
total
23 225
40 075
-
-
Dividends
43 129
74 425
-
-
social contributions
5 040
5 040
-
-
total
5 040
5 040
-
-
Income
114 500
114 500
114 500
114 500
Total tax
41 783
45 115
30 111
32 979
After tax
72 717
69 385
84 389
81 521
Living cost
34 629
34 629
34 629
34 629
Free-cash
38 088
34 756
49 760
46 892

Estimated living cost  is ₽34629 per week

₽22810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45461
₽34090
₽44741
₽45373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 215
pensions
-
-
-
7 460
total
-
-
-
34 675
Employee
48 158
-
100 503
-
pensions
3 676
-
9 557
-
income
8 770
-
20 113
-
health
628
-
1 658
-
total
13 074
-
31 328
-
Employer
48 158
-
100 503
-
health
915
-
1 910
-
pensions
4 866
-
12 088
-
total
5 781
-
13 998
-
Corporate
60 561
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.

11 508
21 754
-
-
total
11 508
21 754
-
-
Dividends
49 053
92 746
-
-
withholding
3 680
12 201
-
-
total
3 680
12 201
-
-
Income
114 500
114 500
114 500
114 500
Total tax
34 043
33 955
45 326
34 675
After tax
80 457
80 545
69 174
79 825
Living cost
35 084
35 084
35 084
35 084
Free-cash
45 373
45 461
34 090
44 741

Estimated living cost  is ₽35084 per week

₽24068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽13769
₽37189
₽55431
₽5739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
244
income
-
-
-
29 289
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
36 026
Employee
36 247
-
99 734
-
pensions
4 082
-
7 380
-
income
4 973
-
20 704
-
health
4 150
-
11 419
-
total
13 205
-
39 503
-
Employer
36 247
-
99 734
-
pensions
5 894
-
10 657
-
accident
605
-
1 665
-
unemployment
888
-
2 443
-
total
7 387
-
14 765
-
Corporate
70 866
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.

63 779
103 050
-
-
total
63 779
103 050
-
-
Dividends
7 087
11 450
-
-
withholding
1 347
2 176
-
-
total
1 347
2 176
-
-
Income
114 500
114 500
114 500
114 500
Total tax
85 718
105 226
54 268
36 026
After tax
28 782
9 274
60 232
78 474
Living cost
23 043
23 043
23 043
23 043
Free-cash
5 739
-13 769
37 189
55 431

Estimated living cost  is ₽23043 per week

₽16911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83485
₽62615
₽52073
₽79028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 072
unemployment
-
-
-
1 374
work injury
-
-
-
573
health insurance
-
-
-
8 473
pensions
-
-
-
21 068
total
-
-
-
49 560
Employee

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

20 586
-
114 500
-
health insurance
1 523
-
5 636
-
unemployment
247
-
914
-
work injury
103
-
381
-
pensions
3 788
-
14 015
-
income
2 059
-
18 072
-
total
7 720
-
39 018
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
93 914
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%.

939
1 145
-
-
total
939
1 145
-
-
Dividends
92 974
113 355
-
-
withholding
13 946
17 003
-
-
total
13 946
17 003
-
-
Income
114 500
114 500
114 500
114 500
Total tax
22 605
18 148
39 018
49 560
After tax
91 895
96 352
75 482
64 940
Living cost
12 867
12 867
12 867
12 867
Free-cash
79 028
83 485
62 615
52 073

Estimated living cost  is ₽12867 per week

₽7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22306
₽12927
₽18160
₽17967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 450
regional
-
-
-
2 463
municipal
-
-
-
766
national
-
-
-
25 658
total
-
-
-
58 337
Employee
80 387
-
114 500
-
municipal
480
-
682
-
national
13 585
-
22 176
-
regional
1 214
-
2 103
-
social contributions
27 106
-
38 609
-
total
42 385
-
63 570
-
Employer
80 387
-
114 500
-
total
-
-
-
-
Corporate
34 113
114 500
-
-
municipal
1 644
5 520
-
-
nationa
8 188
27 481
-
-
total
9 832
33 001
-
-
Dividends
24 282
81 500
-
-
withholding
6 313
21 190
-
-
total
6 313
21 190
-
-
Income
114 500
114 500
114 500
114 500
Total tax
58 530
54 191
63 570
58 337
After tax
55 970
60 309
50 930
56 163
Living cost
38 003
38 003
38 003
38 003
Free-cash
17 967
22 306
12 927
18 160

Estimated living cost  is ₽38003 per week

₽26695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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