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
₽ 11500
per

Your estimated
City
free-cash

Dresden , Germany
-₽24356
-₽26919
-₽25787
-₽25787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
6 862
surtax

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

-
-
-
-
total
-
-
-
6 862
Employee

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

38 419
-
11 500
-
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.

6 862
-
6 862
-
surtax

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

59
-
-
-
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.

1 073
-
-
-
total
7 994
-
6 862
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
11 500
-
-
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.

-
95
-
-
income
-
1 725
-
-
trade
-
1 811
-
-
chamber of commerce
-
170
-
-
total
-
3 801
-
-
Dividends
-
7 699
-
-
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.

-
86
-
-
withholding
-
1 544
-
-
total
-
1 630
-
-
Income
11 500
11 500
11 500
11 500
Total tax
7 994
5 431
6 862
6 862
After tax
3 506
6 069
4 638
4 638
Living cost
30 425
30 425
30 425
30 425
Free-cash
-26 919
-24 356
-25 787
-25 787

Estimated living cost  is ₽30425 per week

₽19138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
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.
₽7171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽43503
-₽74192
-₽40923
-₽40833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
94
pensions
-
-
-
1 380
national
-
-
-
146
social contributions
-
-
-
124
total
-
-
-
1 744
Employee
78 562
-
9 942
-
municipal
9 704
-
139
-
pensions
3 142
-
398
-
national
15 037
-
215
-
total
27 883
-
752
-
Employer
78 562
-
9 942
-
social contributions
845
-
107
-
pensions
6 285
-
795
-
total
7 130
-
902
-
Corporate
-
11 500
-
-
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%.

-
2 300
-
-
total
-
2 300
-
-
Dividends
-
9 200
-
-
withholding
-
2 024
-
-
total
-
2 024
-
-
Income
11 500
11 500
11 500
11 500
Total tax
35 013
4 324
1 654
1 744
After tax
-23 513
7 176
9 846
9 756
Living cost
50 679
50 679
50 679
50 679
Free-cash
-74 192
-43 503
-40 833
-40 923

Estimated living cost  is ₽50679 per week

₽34446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11698
-₽24921
-₽14284
-₽14458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
microenterprise
-
-
-
1 725
income
-
-
-
-
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.

-
-
-
3 162
total
-
-
-
4 887
Employee
29 351
-
9 131
-
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.

3 229
-
1 083
-
surtax
-
-
-
-
income
5 225
-
1 609
-
total
8 454
-
2 692
-
Employer
29 351
-
9 131
-
social contributions

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

7 070
-
2 369
-
surtax
-
-
-
-
total
7 070
-
2 369
-
Corporate
-
11 500
-
-
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%.

-
2 301
-
-
total
-
2 301
-
-
Dividends

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

-
9 199
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
15 524
2 301
5 061
4 887
After tax
-4 024
9 199
6 439
6 613
Living cost
20 897
20 897
20 897
20 897
Free-cash
-24 921
-11 698
-14 458
-14 284

Estimated living cost  is ₽20897 per week

₽13332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽82608
-₽88246
-₽35449
-₽88246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 035
pensions
-
-
-
2 070
health
-
-
-
1 765
total
-
-
-
4 870
Employee
85 778
85 778
85 778
-
health
13 166
11 199
13 166
-
income

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

14 040
14 040
14 040
-
pensions
15 440
11 769
15 440
-
total
42 646
37 008
42 646
-
Employer
85 778
85 778
85 778
-
unemployment
3 088
3 088
3 088
-
pensions
5 970
5 970
5 970
-
health
5 963
5 963
5 963
-
total
15 021
15 021
15 021
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
57 667
52 029
57 667
4 870
After tax
-46 167
-40 529
-46 167
6 630
Living cost
42 079
42 079
42 079
42 079
Free-cash
-88 246
-82 608
-88 246
-35 449

Estimated living cost  is ₽42079 per week

₽29820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽669
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽32683
-₽61460
-₽33230
-₽32821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
2 436
accident
-
-
-
23
pensions
-
-
-
1 243
other
-
-
-
1 336
unemployment
-
-
-
12
health
-
-
-
718
national
-
-
-
-
total
-
-
-
5 768
Employee
55 518
-
8 750
-
municipal
16 555
-
2 609
-
national
-
-
-
-
total
16 555
-
2 609
-
Employer
55 518
-
8 750
-
accident
111
-
18
-
other
6 451
-
1 017
-
unemployment
1 466
-
231
-
pensions
6 001
-
946
-
health
3 414
-
538
-
total
17 443
-
2 750
-
Corporate
-
11 500
-
-
income
-
2 530
-
-
total
-
2 530
-
-
Dividends
-
8 970
-
-
withholding
-
2 691
-
-
total
-
2 691
-
-
Income
11 500
11 500
11 500
11 500
Total tax
33 998
5 221
5 359
5 768
After tax
-22 498
6 279
6 141
5 732
Living cost
38 962
38 962
38 962
38 962
Free-cash
-61 460
-32 683
-32 821
-33 230

Estimated living cost  is ₽38962 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
-₽33448
-₽39439
-₽34822
-₽34822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
6 862
surtax

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

-
-
-
-
total
-
-
-
6 862
Employee

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

50 939
-
11 500
-
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.

6 862
-
6 862
-
surtax

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

240
-
-
-
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.

4 377
-
-
-
total
11 479
-
6 862
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
11 500
-
-
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.

-
95
-
-
income
-
1 725
-
-
trade
-
1 891
-
-
chamber of commerce
-
170
-
-
total
-
3 881
-
-
Dividends
-
7 619
-
-
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.

-
84
-
-
withholding
-
1 523
-
-
total
-
1 607
-
-
Income
11 500
11 500
11 500
11 500
Total tax
11 479
5 488
6 862
6 862
After tax
21
6 012
4 638
4 638
Living cost
39 460
39 460
39 460
39 460
Free-cash
-39 439
-33 448
-34 822
-34 822

Estimated living cost  is ₽39460 per week

₽26391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽43793
-₽38302
-₽28011
-₽35013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 185
income
-
-
-
-
health
-
-
-
974
social contributions
-
-
-
5 957
total
-
-
-
6 931
Employee
77 239
77 239
77 239
-
social contributions
3 753
6 410
2 162
-
health
768
1 313
442
-
income
8 111
7 150
8 685
-
total
12 632
14 873
11 289
-
Employer
77 239
77 239
77 239
-
social contributions
3 753
6 410
2 162
-
health
837
1 430
482
-
total
4 590
7 840
2 644
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
17 222
22 713
13 933
6 931
After tax
-5 722
-11 213
-2 433
4 569
Living cost
32 580
32 580
32 580
32 580
Free-cash
-38 302
-43 793
-35 013
-28 011

Estimated living cost  is ₽32580 per week

₽22272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2545
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11986
-₽19942
-₽10260
-₽11688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 406
pensions
-
-
-
1 150
unemployment
-
-
-
172
health
-
-
-
805
total
-
-
-
3 533
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 310
10 471
10 471
-
health
1 842
733
674
-
income
3 216
1 280
1 304
-
pensions
2 631
1 047
962
-
unemployment
395
157
144
-
total
8 084
3 217
3 084
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 310
10 471
10 471
-
pensions
5 131
2 042
1 877
-
total
5 131
2 042
1 877
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
social contributions
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
13 215
5 259
4 961
3 533
After tax
-1 715
6 241
6 539
7 967
Living cost
18 227
18 227
18 227
18 227
Free-cash
-19 942
-11 986
-11 688
-10 260

Estimated living cost  is ₽18227 per week

₽12438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15063
-₽26628
-₽16555
-₽17039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-
pensions
-
-
-
2 299
health
-
-
-
1 494
total
-
-
-
3 793
Employee
28 495
-
7 634
-
income
3 208
-
-
-
pensions
570
-
229
-
unemployment
456
-
183
-
total
4 234
-
412
-
Employer
28 495
-
7 634
-
unemployment
229
-
91
-
pensions
5 699
-
2 287
-
health
3 704
-
1 487
-
total
9 632
-
3 865
-
Corporate
-
11 500
-
-
income
-
2 301
-
-
total
-
2 301
-
-
Dividends
-
9 199
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
13 866
2 301
4 277
3 793
After tax
-2 366
9 199
7 223
7 707
Living cost
24 262
24 262
24 262
24 262
Free-cash
-26 628
-15 063
-17 039
-16 555

Estimated living cost  is ₽24262 per week

₽16641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽21113
-₽30244
-₽18325
-₽15971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
253
income
-
-
-
803
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
7 781
Employee
34 676
-
9 553
-
health
3 970
-
1 094
-
income
4 757
-
1 311
-
pensions
3 905
-
1 076
-
total
12 632
-
3 481
-
Employer
34 676
-
9 553
-
accident
579
-
159
-
unemployment
850
-
234
-
pensions
5 639
-
1 553
-
total
7 068
-
1 946
-
Corporate
-
11 500
-
-
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.

-
10 350
-
-
total
-
10 350
-
-
Dividends
-
1 150
-
-
withholding
-
219
-
-
total
-
219
-
-
Income
11 500
11 500
11 500
11 500
Total tax
19 700
10 569
5 427
7 781
After tax
-8 200
931
6 073
3 719
Living cost
22 044
22 044
22 044
22 044
Free-cash
-30 244
-21 113
-15 971
-18 325

Estimated living cost  is ₽22044 per week

₽16156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
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.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1825
₽119
₽2285
₽100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
11 500
microenterprise

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

-
-
-
115
total
-
-
-
115
Employee
11 374
-
11 500
-
income
2 275
-
2 300
-
total
2 275
-
2 300
-
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%.

126
11 500
-
-
total
-
-
-
-
Dividends
126
11 500
-
-
withholding
6
575
-
-
total
6
575
-
-
Income
11 500
11 500
11 500
11 500
Total tax
2 281
575
2 300
115
After tax
9 219
10 925
9 200
11 385
Living cost
9 100
9 100
9 100
9 100
Free-cash
119
1 825
100
2 285

Estimated living cost  is ₽9100 per week

₽5639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽18317
-₽34163
-₽20537
-₽20070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 460
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.

-
-
-
2 760
other
-
-
-
547
health
-
-
-
505
total
-
-
-
5 272
Employee
36 471
-
9 115
-
health
511
-
128
-
income
6 279
-
1 569
-
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.

2 552
-
637
-
unemployment
364
-
91
-
total
9 706
-
2 425
-
Employer
36 471
-
9 115
-
accident
292
-
72
-
other
1 824
-
541
-
unemployment
364
-
91
-
pensions

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

6 201
-
1 548
-
health
511
-
128
-
total
9 192
-
2 380
-
Corporate
-
11 500
-
-
income
-
2 415
-
-
total
-
2 415
-
-
Dividends
-
9 085
-
-
withholding
-
637
-
-
total
-
637
-
-
Income
11 500
11 500
11 500
11 500
Total tax
18 898
3 052
4 805
5 272
After tax
-7 398
8 448
6 695
6 228
Living cost
26 765
26 765
26 765
26 765
Free-cash
-34 163
-18 317
-20 070
-20 537

Estimated living cost  is ₽26765 per week

₽18911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽58476
-₽96438
-₽57893
-₽58065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
2 300
pensions
-
-
-
-
total
-
-
-
2 300
Employee
94 927
-
11 286
-
health
1 564
-
-
-
income
17 112
-
2 258
-
pensions
9 158
-
-
-
total
27 834
-
2 258
-
Employer
94 927
-
11 286
-
pensions
11 208
-
-
-
health
1 803
-
214
-
total
13 011
-
214
-
Corporate
-
11 500
-
-
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.

-
2 185
-
-
total
-
2 185
-
-
Dividends
-
9 315
-
-
withholding
-
698
-
-
total
-
698
-
-
Income
11 500
11 500
11 500
11 500
Total tax
40 845
2 883
2 472
2 300
After tax
-29 345
8 617
9 028
9 200
Living cost
67 093
67 093
67 093
67 093
Free-cash
-96 438
-58 476
-58 065
-57 893

Estimated living cost  is ₽67093 per week

₽50274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽3335
-₽9357
-₽6463
-₽5908
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 725
pensions

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

-
-
-
1 702
unemployment
-
-
-
46
health
-
-
-
1 322
total
-
-
-
4 795
Employee
17 436
-
9 613
-
health
802
-
442
-
accident

We are using the highest rate at 1.1%.

192
-
106
-
income
1 743
-
962
-
pensions

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

1 531
-
844
-
total
4 268
-
2 354
-
Employer
17 436
-
9 613
-
accident

We are using the highest rate at 1.1%.

192
-
106
-
unemployment
104
-
57
-
pensions

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

1 922
-
1 059
-
health
1 203
-
664
-
total
3 421
-
1 886
-
Corporate
-
11 500
-
-
income
-
1 150
-
-
total
-
1 150
-
-
Dividends
-
10 350
-
-
withholding
-
517
-
-
total
-
517
-
-
Income
11 500
11 500
11 500
11 500
Total tax
7 689
1 667
4 240
4 795
After tax
3 811
9 833
7 260
6 705
Living cost
13 168
13 168
13 168
13 168
Free-cash
-9 357
-3 335
-5 908
-6 463

Estimated living cost  is ₽13168 per week

₽7687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽96228
-₽97931
-₽49069
-₽101866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 035
pensions
-
-
-
2 070
health
-
-
-
1 765
total
-
-
-
4 870
Employee
93 127
85 778
85 778
-
health
11 618
11 199
13 166
-
income

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

14 040
14 040
14 040
-
pensions
11 769
11 769
15 440
-
total
37 427
37 008
42 646
-
Employer
93 127
85 778
85 778
-
unemployment
3 353
3 088
3 088
-
pensions
6 481
5 970
5 970
-
health
6 471
5 963
5 963
-
total
16 305
15 021
15 021
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
53 732
52 029
57 667
4 870
After tax
-42 232
-40 529
-46 167
6 630
Living cost
55 699
55 699
55 699
55 699
Free-cash
-97 931
-96 228
-101 866
-49 069

Estimated living cost  is ₽55699 per week

₽41088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽16102
-₽35834
-₽18418
-₽18185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
988
health
-
-
-
1 552
solidarity contribution
-
-
-
-
social contributions
-
-
-
3 358
total
-
-
-
5 898
Employee
35 323
-
8 582
-
social contributions
2 296
-
558
-
health
4 769
-
1 159
-
solidarity contribution
-
-
-
-
income
4 239
-
1 030
-
total
11 304
-
2 747
-
Employer
35 323
-
8 582
-
social contributions
8 831
-
2 146
-
health
3 179
-
772
-
total
12 010
-
2 918
-
Corporate
-
11 500
-
-
income
-
2 185
-
-
total
-
2 185
-
-
Dividends
-
9 315
-
-
withholding
-
1 397
-
-
total
-
1 397
-
-
Income
11 500
11 500
11 500
11 500
Total tax
23 314
3 582
5 665
5 898
After tax
-11 814
7 918
5 835
5 602
Living cost
24 020
24 020
24 020
24 020
Free-cash
-35 834
-16 102
-18 185
-18 418

Estimated living cost  is ₽24020 per week

₽16684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
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.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽36249
-₽77771
-₽39600
-₽41413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
30
regional
-
-
-
46
national
-
-
-
854
social contributions
-
-
-
7 785
total
-
-
-
8 715
Employee
89 271
-
11 500
-
social contributions
30 102
-
10 206
-
regional
842
-
15
-
municipal
473
-
10
-
national
15 469
-
297
-
total
46 886
-
10 528
-
Employer
89 271
-
11 500
-
total
-
-
-
-
Corporate
-
11 500
-
-
nationa
-
2 760
-
-
municipal
-
448
-
-
total
-
3 208
-
-
Dividends
-
8 292
-
-
withholding
-
2 156
-
-
total
-
2 156
-
-
Income
11 500
11 500
11 500
11 500
Total tax
46 886
5 364
10 528
8 715
After tax
-35 386
6 136
972
2 785
Living cost
42 385
42 385
42 385
42 385
Free-cash
-77 771
-36 249
-41 413
-39 600

Estimated living cost  is ₽42385 per week

₽29546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽14933
-₽28709
-₽16056
-₽16955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 527
pensions
-
-
-
2 682
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
953
surtax
-
-
-
-
total
-
-
-
5 391
Employee
33 217
-
8 679
-
other
-
-
-
-
health
848
-
341
-
surtax
109
-
-
-
income
5 568
-
1 302
-
pensions
2 215
-
894
-
unemployment
2 312
-
932
-
total
11 052
-
3 469
-
Employer
33 217
-
8 679
-
other
-
-
-
-
unemployment
1 052
-
425
-
pensions
4 428
-
1 786
-
health
1 512
-
610
-
total
6 992
-
2 821
-
Corporate
-
11 500
-
-
income
-
2 991
-
-
total
-
2 991
-
-
Dividends
-
8 509
-
-
withholding
-
1 277
-
-
total
-
1 277
-
-
Income
11 500
11 500
11 500
11 500
Total tax
18 044
4 268
6 290
5 391
After tax
-6 544
7 232
5 210
6 109
Living cost
22 165
22 165
22 165
22 165
Free-cash
-28 709
-14 933
-16 955
-16 056

Estimated living cost  is ₽22165 per week

₽13553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽37219
-₽60214
-₽36636
-₽36808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
2 300
pensions
-
-
-
-
total
-
-
-
2 300
Employee
63 617
-
11 286
-
health
924
-
-
-
income
11 458
-
2 258
-
pensions
5 400
-
-
-
total
17 782
-
2 258
-
Employer
63 617
-
11 286
-
pensions
6 887
-
-
-
health
1 209
-
214
-
total
8 096
-
214
-
Corporate
-
11 500
-
-
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.

-
2 185
-
-
total
-
2 185
-
-
Dividends
-
9 315
-
-
withholding
-
698
-
-
total
-
698
-
-
Income
11 500
11 500
11 500
11 500
Total tax
25 878
2 883
2 472
2 300
After tax
-14 378
8 617
9 028
9 200
Living cost
45 836
45 836
45 836
45 836
Free-cash
-60 214
-37 219
-36 808
-36 636

Estimated living cost  is ₽45836 per week

₽34340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽71135
-₽86416
-₽66549
-₽69473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
city
-
-
-
118
pensions
-
-
-
1 058
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.

-
-
-
230
regional
-
-
-
-
health
-
-
-
249
national
-
-
-
-
total
-
-
-
1 655
Employee
89 401
-
9 061
-
city
959
-
80
-
regional
2 927
-
-
-
health
202
-
20
-
pensions
7 511
-
2 139
-
unemployment
-
-
-
-
national
423
-
-
-
total
12 022
-
2 239
-
Employer
89 401
-
9 061
-
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.

1 787
-
181
-
unemployment
-
-
-
-
pensions
7 511
-
2 139
-
health
202
-
20
-
total
9 500
-
2 340
-
Corporate
-
11 500
-
-
regional
-
2 433
-
-
national
-
977
-
-
total
-
3 410
-
-
Dividends
-
8 090
-
-
withholding
-
2 831
-
-
total
-
2 831
-
-
Income
11 500
11 500
11 500
11 500
Total tax
21 522
6 241
4 579
1 655
After tax
-10 022
5 259
6 921
9 845
Living cost
76 394
76 394
76 394
76 394
Free-cash
-86 416
-71 135
-69 473
-66 549

Estimated living cost  is ₽76394 per week

₽49678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽938
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽40062
-₽48867
-₽41377
-₽41377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
6 862
surtax

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

-
-
-
-
total
-
-
-
6 862
Employee

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

60 367
-
11 500
-
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.

6 862
-
6 862
-
surtax

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

391
-
-
-
income

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

7 099
-
-
-
total
14 352
-
6 862
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
11 500
-
-
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.

-
95
-
-
income
-
1 725
-
-
trade
-
1 973
-
-
chamber of commerce
-
168
-
-
total
-
3 961
-
-
Dividends
-
7 539
-
-
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.

-
82
-
-
withholding
-
1 504
-
-
total
-
1 586
-
-
Income
11 500
11 500
11 500
11 500
Total tax
14 352
5 547
6 862
6 862
After tax
-2 852
5 953
4 638
4 638
Living cost
46 015
46 015
46 015
46 015
Free-cash
-48 867
-40 062
-41 377
-41 377

Estimated living cost  is ₽46015 per week

₽33608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽28572
-₽44915
-₽28388
-₽26845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-
pensions
-
-
-
4 571
other
-
-
-
356
health
-
-
-
267
surtax
-
-
-
-
social contributions
-
-
-
328
total
-
-
-
5 522
Employee
42 990
-
8 763
-
social contributions
1 226
-
250
-
surtax
-
-
-
-
income
2 537
-
-
-
pensions
4 861
-
991
-
total
8 624
-
1 241
-
Employer
42 990
-
8 763
-
other
1 483
-
303
-
social contributions
130
-
27
-
unemployment
1 740
-
355
-
pensions
7 062
-
1 439
-
health
3 010
-
614
-
total
13 425
-
2 738
-
Corporate
-
11 500
-
-
surtax
-
-
-
-
income
-
3 220
-
-
total
-
3 220
-
-
Dividends
-
8 280
-
-
surtax
-
-
-
-
social contributions
-
1 426
-
-
withholding
-
1 060
-
-
total
-
2 486
-
-
Income
11 500
11 500
11 500
11 500
Total tax
22 049
5 706
3 979
5 522
After tax
-10 549
5 794
7 521
5 978
Living cost
34 366
34 366
34 366
34 366
Free-cash
-44 915
-28 572
-26 845
-28 388

Estimated living cost  is ₽34366 per week

₽21669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽25167
-₽38859
-₽24983
-₽23440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-
pensions
-
-
-
4 571
other
-
-
-
356
health
-
-
-
267
surtax
-
-
-
-
social contributions
-
-
-
328
total
-
-
-
5 522
Employee
38 374
-
8 763
-
social contributions
1 094
-
250
-
surtax
-
-
-
-
income
1 979
-
-
-
pensions
4 340
-
991
-
total
7 413
-
1 241
-
Employer
38 374
-
8 763
-
other
1 325
-
303
-
social contributions
114
-
27
-
unemployment
1 554
-
355
-
pensions
6 306
-
1 439
-
health
2 686
-
614
-
total
11 985
-
2 738
-
Corporate
-
11 500
-
-
surtax
-
-
-
-
income
-
3 220
-
-
total
-
3 220
-
-
Dividends
-
8 280
-
-
surtax
-
-
-
-
social contributions
-
1 426
-
-
withholding
-
1 060
-
-
total
-
2 486
-
-
Income
11 500
11 500
11 500
11 500
Total tax
19 398
5 706
3 979
5 522
After tax
-7 898
5 794
7 521
5 978
Living cost
30 961
30 961
30 961
30 961
Free-cash
-38 859
-25 167
-23 440
-24 983

Estimated living cost  is ₽30961 per week

₽17956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽14652
-₽25195
-₽14162
-₽13859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 725
health
-
-
-
886
social contributions
-
-
-
1 752
total
-
-
-
4 363
Employee
34 058
-
11 500
-
social contributions
4 701
-
1 752
-
health
2 377
-
886
-
income
5 680
-
1 422
-
total
12 758
-
4 060
-
Employer
34 058
-
11 500
-
total
-
-
-
-
Corporate
-
11 500
-
-
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%.

-
576
-
-
total
-
576
-
-
Dividends
-
10 924
-
-
health
886
886
-
-
social contributions
1 752
1 752
-
-
withholding
-
1 639
-
-
total
2 638
4 277
-
-
Income
11 500
11 500
11 500
11 500
Total tax
15 396
4 853
4 060
4 363
After tax
-3 896
6 647
7 440
7 137
Living cost
21 300
21 300
21 300
21 300
Free-cash
-25 195
-14 652
-13 859
-14 162

Estimated living cost  is ₽21300 per week

₽14254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽46768
-₽54296
-₽33307
-₽36591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
chamber of commerce
-
-
-
46
income
-
-
-
-
pensions
-
-
-
2 127
unemployment
-
-
-
6 161
health
-
-
-
881
surtax
-
-
-
198
total
-
-
-
9 413
Employee
50 199
40 030
40 030
-
other
501
400
101
-
health
1 942
1 550
387
-
income
5 715
2 953
4 703
-
pensions
5 141
4 098
1 026
-
unemployment
1 506
1 201
301
-
total
14 805
10 202
6 518
-
Employer
50 199
40 030
40 030
-
accident
652
520
82
-
other
2 385
1 900
1 647
-
chamber of commerce
200
160
160
-
unemployment
1 506
1 201
301
-
surtax
198
198
198
-
pensions
6 300
5 025
1 258
-
payroll
1 506
1 201
1 201
-
health
1 897
1 514
379
-
total
14 644
11 719
5 226
-
Corporate
3 812
3 812
3 812
-
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.

953
953
953
-
total
953
953
953
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
30 402
22 874
12 697
9 413
After tax
-18 902
-11 374
-1 197
2 087
Living cost
35 394
35 394
35 394
35 394
Free-cash
-54 296
-46 768
-36 591
-33 307

Estimated living cost  is ₽35394 per week

₽23606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽29852
-₽81267
-₽32343
-₽31282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
national
-
-
-
1 552
communal

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

-
-
-
372
social contributions
-
-
-
5 295
total
-
-
-
7 219
Employee

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

71 850
-
8 906
-
communal

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

3 748
-
465
-
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.

3 376
-
419
-
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.

5 389
-
667
-
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.

625
-
78
-
national
22 090
-
1 935
-
total
35 228
-
3 564
-
Employer

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

71 850
-
8 906
-
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.

934
-
116
-
unemployment

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

1 048
-
130
-
surtax
8 147
-
1 010
-
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.

6 367
-
789
-
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.

4 419
-
549
-
total
20 915
-
2 594
-
Corporate
-
11 500
-
-
surtax
-
46
-
-
income
-
2 301
-
-
total
-
2 347
-
-
Dividends
-
9 154
-
-
withholding

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

-
2 381
-
-
total
-
2 381
-
-
Income
11 500
11 500
11 500
11 500
Total tax
56 143
4 728
6 158
7 219
After tax
-44 643
6 772
5 342
4 281
Living cost
36 624
36 624
36 624
36 624
Free-cash
-81 267
-29 852
-31 282
-32 343

Estimated living cost  is ₽36624 per week

₽23591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽9258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽28358
-₽54439
-₽32208
-₽37599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
194
income
-
-
-
953
pensions
-
-
-
6 113
other
-
-
-
21
unemployment
-
-
-
151
total
-
-
-
7 432
Employee
50 000
-
806
-
other
50
-
34
-
income
10 550
-
-
-
pensions
2 350
-
1 576
-
unemployment
776
-
520
-
total
13 726
-
2 130
-
Employer
50 000
-
806
-
accident
989
-
663
-
other
398
-
269
-
unemployment
2 751
-
1 845
-
pensions
11 799
-
7 916
-
total
15 937
-
10 693
-
Corporate
-
11 500
-
-
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.

-
1 725
-
-
total
-
1 725
-
-
Dividends
-
9 775
-
-
withholding
-
1 857
-
-
total
-
1 857
-
-
Income
11 500
11 500
11 500
11 500
Total tax
29 663
3 582
12 823
7 432
After tax
-18 163
7 918
-1 323
4 068
Living cost
36 276
36 276
36 276
36 276
Free-cash
-54 439
-28 358
-37 599
-32 208

Estimated living cost  is ₽36276 per week

₽26713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽46718
-₽73655
-₽54750
-₽54751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
431
income
-
-
-
-
pensions
-
-
-
7 648
health
-
-
-
3 584
surtax
-
-
-
-
communal
-
-
-
-
total
-
-
-
11 663
Employee
76 068
-
5 787
-
health
3 385
-
2 127
-
surtax
4 662
-
-
-
income
7 347
-
-
-
pensions
6 085
-
3 824
-
total
21 479
-
5 951
-
Employer
76 068
-
5 787
-
accident
684
-
431
-
pensions
6 085
-
3 824
-
health
2 320
-
1 458
-
total
9 089
-
5 713
-
Corporate
-
11 500
-
-
surtax
-
120
-
-
communal
-
-
-
-
income
-
1 725
-
-
total
-
1 845
-
-
Dividends
-
9 655
-
-
income
-
337
-
-
withholding
-
1 449
-
-
total
-
1 786
-
-
Income
11 500
11 500
11 500
11 500
Total tax
30 568
3 631
11 664
11 663
After tax
-19 068
7 869
-164
-163
Living cost
54 587
54 587
54 587
54 587
Free-cash
-73 655
-46 718
-54 751
-54 750

Estimated living cost  is ₽54587 per week

₽40948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15330
-₽29448
-₽16453
-₽17352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 527
pensions
-
-
-
2 682
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
953
surtax
-
-
-
-
total
-
-
-
5 391
Employee
33 827
-
8 679
-
other
-
-
-
-
health
863
-
341
-
surtax
120
-
-
-
income
5 671
-
1 302
-
pensions
2 257
-
894
-
unemployment
2 354
-
932
-
total
11 265
-
3 469
-
Employer
33 827
-
8 679
-
other
-
-
-
-
unemployment
1 073
-
425
-
pensions
4 510
-
1 786
-
health
1 538
-
610
-
total
7 121
-
2 821
-
Corporate
-
11 500
-
-
income
-
2 991
-
-
total
-
2 991
-
-
Dividends
-
8 509
-
-
withholding
-
1 277
-
-
total
-
1 277
-
-
Income
11 500
11 500
11 500
11 500
Total tax
18 386
4 268
6 290
5 391
After tax
-6 886
7 232
5 210
6 109
Living cost
22 562
22 562
22 562
22 562
Free-cash
-29 448
-15 330
-17 352
-16 453

Estimated living cost  is ₽22562 per week

₽13622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1961
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.
₽6456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽21013
-₽44219
-₽24303
-₽26098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
30
regional
-
-
-
76
national
-
-
-
854
social contributions
-
-
-
7 785
total
-
-
-
8 745
Employee
55 719
-
11 500
-
social contributions
18 789
-
10 206
-
regional
750
-
27
-
municipal
295
-
10
-
national
8 827
-
297
-
total
28 661
-
10 540
-
Employer
55 719
-
11 500
-
total
-
-
-
-
Corporate
-
11 500
-
-
nationa
-
2 760
-
-
municipal
-
572
-
-
total
-
3 332
-
-
Dividends
-
8 168
-
-
withholding
-
2 123
-
-
total
-
2 123
-
-
Income
11 500
11 500
11 500
11 500
Total tax
28 661
5 455
10 540
8 745
After tax
-17 161
6 045
960
2 755
Living cost
27 058
27 058
27 058
27 058
Free-cash
-44 219
-21 013
-26 098
-24 303

Estimated living cost  is ₽27058 per week

₽16828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
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.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽21681
-₽46826
-₽23997
-₽23764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
988
health
-
-
-
1 552
solidarity contribution
-
-
-
-
social contributions
-
-
-
3 358
total
-
-
-
5 898
Employee
43 527
-
8 582
-
social contributions
2 829
-
558
-
health
5 876
-
1 159
-
solidarity contribution
-
-
-
-
income
5 223
-
1 030
-
total
13 928
-
2 747
-
Employer
43 527
-
8 582
-
social contributions
10 882
-
2 146
-
health
3 917
-
772
-
total
14 799
-
2 918
-
Corporate
-
11 500
-
-
income
-
2 185
-
-
total
-
2 185
-
-
Dividends
-
9 315
-
-
withholding
-
1 397
-
-
total
-
1 397
-
-
Income
11 500
11 500
11 500
11 500
Total tax
28 727
3 582
5 665
5 898
After tax
-17 227
7 918
5 835
5 602
Living cost
29 599
29 599
29 599
29 599
Free-cash
-46 826
-21 681
-23 764
-23 997

Estimated living cost  is ₽29599 per week

₽22011
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.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽43222
-₽45995
-₽29761
-₽33047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
chamber of commerce
-
-
-
46
income
-
-
-
-
pensions
-
-
-
2 127
unemployment
-
-
-
6 161
health
-
-
-
881
surtax
-
-
-
-
total
-
-
-
9 215
Employee
43 908
40 030
40 030
-
other
438
400
101
-
health
1 698
1 550
387
-
income
3 911
2 953
4 703
-
pensions
4 497
4 098
1 026
-
unemployment
1 317
1 201
301
-
total
11 861
10 202
6 518
-
Employer
43 908
40 030
40 030
-
accident
570
520
84
-
other
2 085
1 900
1 647
-
chamber of commerce
175
160
160
-
unemployment
1 317
1 201
301
-
surtax
-
-
-
-
pensions
5 511
5 025
1 258
-
payroll
1 317
1 201
1 201
-
health
1 660
1 514
379
-
total
12 635
11 521
5 030
-
Corporate
3 812
3 812
3 812
-
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.

953
953
953
-
total
953
953
953
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
25 449
22 676
12 501
9 215
After tax
-13 949
-11 176
-1 001
2 285
Living cost
32 046
32 046
32 046
32 046
Free-cash
-45 995
-43 222
-33 047
-29 761

Estimated living cost  is ₽32046 per week

₽19224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3255
-₽6225
-₽2795
-₽4980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
11 500
microenterprise

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

-
-
-
115
total
-
-
-
115
Employee
17 726
-
11 500
-
income
3 545
-
2 300
-
total
3 545
-
2 300
-
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%.

-
11 500
-
-
total
-
-
-
-
Dividends
-
11 500
-
-
withholding
-
575
-
-
total
-
575
-
-
Income
11 500
11 500
11 500
11 500
Total tax
3 545
575
2 300
115
After tax
7 955
10 925
9 200
11 385
Living cost
14 180
14 180
14 180
14 180
Free-cash
-6 225
-3 255
-4 980
-2 795

Estimated living cost  is ₽14180 per week

₽9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19023
-₽39835
-₽20011
-₽20428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
income
-
-
-
1 319
pensions
-
-
-
2 101
unemployment
-
-
-
17
health
-
-
-
1 132
total
-
-
-
4 569
Employee

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

44 418
-
9 952
-
health
2 869
-
642
-
income
7 660
-
1 241
-
pensions
6 885
-
1 542
-
unemployment
63
-
13
-
total
17 477
-
3 438
-
Employer

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

44 418
-
9 952
-
unemployment
27
-
6
-
pensions
3 931
-
881
-
health
2 958
-
661
-
total
6 916
-
1 548
-
Corporate
-
11 500
-
-
income
-
2 184
-
-
total
-
2 184
-
-
Dividends
-
9 316
-
-
withholding
-
1 397
-
-
total
-
1 397
-
-
Income
11 500
11 500
11 500
11 500
Total tax
24 393
3 581
4 986
4 569
After tax
-12 893
7 919
6 514
6 931
Living cost
26 942
26 942
26 942
26 942
Free-cash
-39 835
-19 023
-20 428
-20 011

Estimated living cost  is ₽26942 per week

₽18490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽36565
-₽139034
-₽35615
-₽45344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
2 242
social contributions
-
-
-
1 311
total
-
-
-
3 553
Employee
62 462
-
-
-
social contributions
5 122
-
730
-
income
13 778
-
-
-
total
18 900
-
730
-
Employer
62 462
-
-
-
social contributions
88 072
-
12 552
-
total
88 072
-
12 552
-
Corporate
-
11 500
-
-
income
-
2 530
-
-
total
-
2 530
-
-
Dividends
-
8 970
-
-
income
-
1 973
-
-
total
-
1 973
-
-
Income
11 500
11 500
11 500
11 500
Total tax
106 972
4 503
13 282
3 553
After tax
-95 472
6 997
-1 782
7 947
Living cost
43 562
43 562
43 562
43 562
Free-cash
-139 034
-36 565
-45 344
-35 615

Estimated living cost  is ₽43562 per week

₽28265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽24965
-₽45670
-₽24673
-₽24435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
income
-
-
-
671
surtax
-
-
-
-
social contributions

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

-
-
-
3 995
total
-
-
-
4 666
Employee
46 198
-
9 293
-
social contributions
5 082
-
1 022
-
surtax
-
-
-
-
income
9 609
-
1 199
-
total
14 691
-
2 221
-
Employer
46 198
-
9 293
-
social contributions
10 972
-
2 207
-
total
10 972
-
2 207
-
Corporate
-
11 500
-
-
surtax
-
-
-
-
income
-
2 415
-
-
total
-
2 415
-
-
Dividends
-
9 085
-
-
withholding
-
2 543
-
-
total
-
2 543
-
-
Income
11 500
11 500
11 500
11 500
Total tax
25 663
4 958
4 428
4 666
After tax
-14 163
6 542
7 072
6 834
Living cost
31 507
31 507
31 507
31 507
Free-cash
-45 670
-24 965
-24 435
-24 673

Estimated living cost  is ₽31507 per week

₽23574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽42721
-₽71061
-₽42537
-₽40994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-
pensions
-
-
-
4 571
other
-
-
-
356
health
-
-
-
267
surtax
-
-
-
-
social contributions
-
-
-
328
total
-
-
-
5 522
Employee
62 912
-
8 763
-
social contributions
1 792
-
250
-
surtax
-
-
-
-
income
5 489
-
-
-
pensions
7 116
-
991
-
total
14 397
-
1 241
-
Employer
62 912
-
8 763
-
other
2 171
-
303
-
social contributions
189
-
27
-
unemployment
2 549
-
355
-
pensions
10 337
-
1 439
-
health
4 403
-
614
-
total
19 649
-
2 738
-
Corporate
-
11 500
-
-
surtax
-
-
-
-
income
-
3 220
-
-
total
-
3 220
-
-
Dividends
-
8 280
-
-
surtax
-
-
-
-
social contributions
-
1 426
-
-
withholding
-
1 060
-
-
total
-
2 486
-
-
Income
11 500
11 500
11 500
11 500
Total tax
34 046
5 706
3 979
5 522
After tax
-22 546
5 794
7 521
5 978
Living cost
48 515
48 515
48 515
48 515
Free-cash
-71 061
-42 721
-40 994
-42 537

Estimated living cost  is ₽48515 per week

₽32834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽665
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19843
-₽25799
-₽21223
-₽20886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-
social contributions
-
-
-
2 529
total
-
-
-
2 529
Employee
32 293
-
9 956
-
income
-
-
-
-
social contributions
2 099
-
648
-
total
2 099
-
648
-
Employer
32 293
-
9 956
-
social contributions
5 006
-
1 544
-
total
5 006
-
1 544
-
Corporate
-
11 500
-
-
income
-
1 149
-
-
total
-
1 149
-
-
Dividends
-
10 351
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
7 105
1 149
2 192
2 529
After tax
4 395
10 351
9 308
8 971
Living cost
30 194
30 194
30 194
30 194
Free-cash
-25 799
-19 843
-20 886
-21 223

Estimated living cost  is ₽30194 per week

₽19523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2276
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.
₽7827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽207345
-₽207345
-₽38595
-₽207345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
-
pensions
-
-
-
871
national
-
-
-
-
labour market
-
-
-
850
total
-
-
-
1 721
Employee
204 175
204 175
204 175
-
labour market
16 311
16 311
16 311
-
national
24 944
24 944
24 944
-
municipal
43 478
43 478
43 478
-
pensions
290
290
290
-
total
85 023
85 023
85 023
-
Employer
204 175
204 175
204 175
-
labour market
16 334
16 334
16 334
-
municipal
43 547
43 547
43 547
-
pensions
580
580
580
-
national
24 987
24 987
24 987
-
total
85 448
85 448
85 448
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
170 471
170 471
170 471
1 721
After tax
-158 971
-158 971
-158 971
9 779
Living cost
48 374
48 374
48 374
48 374
Free-cash
-207 345
-207 345
-207 345
-38 595

Estimated living cost  is ₽48374 per week

₽33108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽744
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽20788
-₽29627
-₽18000
-₽15646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
253
income
-
-
-
803
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
7 781
Employee
34 165
-
9 553
-
health
3 912
-
1 094
-
income
4 687
-
1 311
-
pensions
3 847
-
1 076
-
total
12 446
-
3 481
-
Employer
34 165
-
9 553
-
accident
570
-
159
-
unemployment
837
-
234
-
pensions
5 555
-
1 553
-
total
6 962
-
1 946
-
Corporate
-
11 500
-
-
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.

-
10 350
-
-
total
-
10 350
-
-
Dividends
-
1 150
-
-
withholding
-
219
-
-
total
-
219
-
-
Income
11 500
11 500
11 500
11 500
Total tax
19 408
10 569
5 427
7 781
After tax
-7 908
931
6 073
3 719
Living cost
21 719
21 719
21 719
21 719
Free-cash
-29 627
-20 788
-15 646
-18 000

Estimated living cost  is ₽21719 per week

₽15809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽30608
-₽51318
-₽29134
-₽31286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
11 500
municipal
-
-
-
2 070
health
-
-
-
-
national
-
-
-
-
total
-
-
-
2 070
Employee
52 847
-
9 674
-
health
395
-
-
-
municipal
8 656
-
1 597
-
pensions
3 566
-
654
-
unemployment
793
-
145
-
national
873
-
-
-
total
14 283
-
2 396
-
Employer
52 847
-
9 674
-
accident
53
-
10
-
unemployment
343
-
63
-
pensions
9 169
-
1 679
-
health
406
-
74
-
total
9 971
-
1 826
-
Corporate
-
11 500
-
-
income
-
2 301
-
-
total
-
2 301
-
-
Dividends

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

-
6 899
-
-
national
-
-
-
-
municipal
-
1 243
-
-
total
-
1 243
-
-
Income
11 500
11 500
11 500
11 500
Total tax
24 254
3 544
4 222
2 070
After tax
-12 754
7 956
7 278
9 430
Living cost
38 564
38 564
38 564
38 564
Free-cash
-51 318
-30 608
-31 286
-29 134

Estimated living cost  is ₽38564 per week

₽25190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽614
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽34469
-₽27255
-₽18687
-₽25689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 185
income
-
-
-
-
health
-
-
-
974
social contributions
-
-
-
5 957
total
-
-
-
6 931
Employee
77 239
77 239
77 239
-
social contributions
2 920
6 410
2 162
-
health
599
1 313
442
-
income
8 410
7 150
8 685
-
total
11 929
14 873
11 289
-
Employer
77 239
77 239
77 239
-
social contributions
2 920
6 410
2 162
-
health
650
1 430
482
-
total
3 570
7 840
2 644
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
11 500
11 500
11 500
11 500
Total tax
15 499
22 713
13 933
6 931
After tax
-3 999
-11 213
-2 433
4 569
Living cost
23 256
23 256
23 256
23 256
Free-cash
-27 255
-34 469
-25 689
-18 687

Estimated living cost  is ₽23256 per week

₽13938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6425
-₽13929
-₽14631
-₽10948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 500
income
-
-
-
130
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
10 183
Employee

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

23 056
-
9 697
-
health
1 960
-
1 487
-
income
1 576
-
496
-
pensions
3 458
-
2 625
-
unemployment
114
-
88
-
total
7 108
-
4 696
-
Employer

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

23 056
-
9 697
-
unemployment
114
-
88
-
pensions
1 268
-
963
-
health
991
-
753
-
total
2 373
-
1 804
-
Corporate
-
11 500
-
-
income
-
1 035
-
-
total
-
1 035
-
-
Dividends
-
10 465
-
-
withholding
-
942
-
-
total
-
942
-
-
Income
11 500
11 500
11 500
11 500
Total tax
9 481
1 977
6 500
10 183
After tax
2 019
9 523
5 000
1 317
Living cost
15 948
15 948
15 948
15 948
Free-cash
-13 929
-6 425
-10 948
-14 631

Estimated living cost  is ₽15948 per week

₽10175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19704
-₽37482
-₽23554
-₽28945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
194
income
-
-
-
953
pensions
-
-
-
6 113
other
-
-
-
21
unemployment
-
-
-
151
total
-
-
-
7 432
Employee
37 141
-
806
-
other
36
-
34
-
income
7 161
-
-
-
pensions
1 746
-
1 576
-
unemployment
576
-
520
-
total
9 519
-
2 130
-
Employer
37 141
-
806
-
accident
736
-
663
-
other
297
-
269
-
unemployment
2 043
-
1 845
-
pensions
8 765
-
7 916
-
total
11 841
-
10 693
-
Corporate
-
11 500
-
-
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.

-
1 725
-
-
total
-
1 725
-
-
Dividends
-
9 775
-
-
withholding
-
1 857
-
-
total
-
1 857
-
-
Income
11 500
11 500
11 500
11 500
Total tax
21 360
3 582
12 823
7 432
After tax
-9 860
7 918
-1 323
4 068
Living cost
27 622
27 622
27 622
27 622
Free-cash
-37 482
-19 704
-28 945
-23 554

Estimated living cost  is ₽27622 per week

₽18644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4426
₽3975
₽3110
₽3070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
2 179
pensions
-
-
-
2 006
health
-
-
-
1 455
total
-
-
-
5 640
Employee
4 189
-
9 388
-
health
209
-
469
-
income
810
-
2 159
-
pensions
377
-
845
-
unemployment
42
-
94
-
total
1 438
-
3 567
-
Employer
4 189
-
9 388
-
unemployment
84
-
188
-
pensions
461
-
1 033
-
health
398
-
892
-
total
943
-
2 113
-
Corporate
6 368
11 500
-
-
income
1 401
2 530
-
-
total
1 401
2 530
-
-
Dividends
4 967
8 970
-
-
withholding
993
1 794
-
-
total
993
1 794
-
-
Income
11 500
11 500
11 500
11 500
Total tax
4 775
4 324
5 680
5 640
After tax
6 725
7 176
5 820
5 860
Living cost
2 750
2 750
2 750
2 750
Free-cash
3 975
4 426
3 070
3 110

Estimated living cost  is ₽2750 per week

₽1635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9061
-₽19380
-₽10634
-₽10039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
income
-
-
-
417
pensions
-
-
-
2 990
unemployment
-
-
-
173
health
-
-
-
1 184
total
-
-
-
4 764
Employee

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

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

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

26 193
-
9 754
-
health
1 349
-
502
-
income
3 610
-
483
-
pensions
3 667
-
1 366
-
unemployment
196
-
73
-
total
8 822
-
2 424
-
Employer

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

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

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

26 193
-
9 754
-
unemployment
196
-
73
-
pensions
3 143
-
1 170
-
health
1 349
-
502
-
total
4 688
-
1 745
-
Corporate
-
11 500
-
-
income
-
1 725
-
-
total
-
1 725
-
-
Dividends
-
9 775
-
-
withholding
-
1 466
-
-
total
-
1 466
-
-
Income
11 500
11 500
11 500
11 500
Total tax
13 510
3 191
4 169
4 764
After tax
-2 010
8 309
7 331
6 736
Living cost
17 370
17 370
17 370
17 370
Free-cash
-19 380
-9 061
-10 039
-10 634

Estimated living cost  is ₽17370 per week

₽11695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽20538
-₽36745
-₽20246
-₽20008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
income
-
-
-
671
surtax
-
-
-
-
social contributions

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

-
-
-
3 995
total
-
-
-
4 666
Employee
38 986
-
9 293
-
social contributions
4 289
-
1 022
-
surtax
-
-
-
-
income
7 618
-
1 199
-
total
11 907
-
2 221
-
Employer
38 986
-
9 293
-
social contributions
9 258
-
2 207
-
total
9 258
-
2 207
-
Corporate
-
11 500
-
-
surtax
-
-
-
-
income
-
2 415
-
-
total
-
2 415
-
-
Dividends
-
9 085
-
-
withholding
-
2 543
-
-
total
-
2 543
-
-
Income
11 500
11 500
11 500
11 500
Total tax
21 165
4 958
4 428
4 666
After tax
-9 665
6 542
7 072
6 834
Living cost
27 080
27 080
27 080
27 080
Free-cash
-36 745
-20 538
-20 008
-20 246

Estimated living cost  is ₽27080 per week

₽19180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽27384
-₽52480
-₽31234
-₽36625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
194
income
-
-
-
953
pensions
-
-
-
6 113
other
-
-
-
21
unemployment
-
-
-
151
total
-
-
-
7 432
Employee
48 511
-
806
-
other
48
-
34
-
income
10 132
-
-
-
pensions
2 280
-
1 576
-
unemployment
751
-
520
-
total
13 211
-
2 130
-
Employer
48 511
-
806
-
accident
961
-
663
-
other
389
-
269
-
unemployment
2 669
-
1 845
-
pensions
11 448
-
7 916
-
total
15 467
-
10 693
-
Corporate
-
11 500
-
-
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.

-
1 725
-
-
total
-
1 725
-
-
Dividends
-
9 775
-
-
withholding
-
1 857
-
-
total
-
1 857
-
-
Income
11 500
11 500
11 500
11 500
Total tax
28 678
3 582
12 823
7 432
After tax
-17 178
7 918
-1 323
4 068
Living cost
35 302
35 302
35 302
35 302
Free-cash
-52 480
-27 384
-36 625
-31 234

Estimated living cost  is ₽35302 per week

₽25352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
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.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7443
-₽15863
-₽10571
-₽10016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
1 725
pensions

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

-
-
-
1 702
unemployment
-
-
-
46
health
-
-
-
1 322
total
-
-
-
4 795
Employee
22 876
-
9 613
-
health
1 052
-
442
-
accident

We are using the highest rate at 1.1%.

251
-
106
-
income
2 288
-
962
-
pensions

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

2 008
-
844
-
total
5 599
-
2 354
-
Employer
22 876
-
9 613
-
accident

We are using the highest rate at 1.1%.

251
-
106
-
unemployment
137
-
57
-
pensions

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

2 521
-
1 059
-
health
1 579
-
664
-
total
4 488
-
1 886
-
Corporate
-
11 500
-
-
income
-
1 150
-
-
total
-
1 150
-
-
Dividends
-
10 350
-
-
withholding
-
517
-
-
total
-
517
-
-
Income
11 500
11 500
11 500
11 500
Total tax
10 087
1 667
4 240
4 795
After tax
1 413
9 833
7 260
6 705
Living cost
17 276
17 276
17 276
17 276
Free-cash
-15 863
-7 443
-10 016
-10 571

Estimated living cost  is ₽17276 per week

₽11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽32593
-₽38479
-₽34142
-₽34142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
6 862
surtax

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

-
-
-
-
total
-
-
-
6 862
Employee

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

49 979
-
11 500
-
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.

6 862
-
6 862
-
surtax

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

227
-
-
-
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.

4 110
-
-
-
total
11 199
-
6 862
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
11 500
-
-
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.

-
95
-
-
income
-
1 725
-
-
trade
-
1 651
-
-
chamber of commerce
-
170
-
-
total
-
3 641
-
-
Dividends
-
7 859
-
-
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.

-
88
-
-
withholding
-
1 584
-
-
total
-
1 672
-
-
Income
11 500
11 500
11 500
11 500
Total tax
11 199
5 313
6 862
6 862
After tax
301
6 187
4 638
4 638
Living cost
38 780
38 780
38 780
38 780
Free-cash
-38 479
-32 593
-34 142
-34 142

Estimated living cost  is ₽38780 per week

₽26751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₽49169
-₽67073
-₽45719
-₽45719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
-78
social contributions
-
-
-
78
total
-
-
-
-
Employee
78 572
-
11 500
-
income
14 826
-
-78
-
social contributions
6 528
-
78
-
total
21 354
-
-
-
Employer
78 572
-
11 500
-
total
-
-
-
-
Corporate
-
11 500
-
-
income
-
1 437
-
-
total
-
1 437
-
-
Dividends
-
10 063
-
-
withholding
-
2 013
-
-
total
-
2 013
-
-
Income
11 500
11 500
11 500
11 500
Total tax
21 354
3 450
-
-
After tax
-9 854
8 050
11 500
11 500
Living cost
57 219
57 219
57 219
57 219
Free-cash
-67 073
-49 169
-45 719
-45 719

Estimated living cost  is ₽57219 per week

₽43531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽31987
-₽42195
-₽60287
-₽28455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
income
-
-
-
28 593
health

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

-
-
-
6 731
total
-
-
-
35 324
Employee
46 079
-
9 754
-
income
5 000
-
-
-
social contributions
4 617
-
1 746
-
total
9 617
-
1 746
-
Employer
46 079
-
9 754
-
social contributions
4 617
-
1 746
-
total
4 617
-
1 746
-
Corporate
-
11 500
-
-
income
-
4 026
-
-
total
-
4 026
-
-
Dividends
-
7 474
-
-
social contributions
2 998
2 998
-
-
total
2 998
2 998
-
-
Income
11 500
11 500
11 500
11 500
Total tax
17 232
7 024
3 492
35 324
After tax
-5 732
4 476
8 008
-23 824
Living cost
36 463
36 463
36 463
36 463
Free-cash
-42 195
-31 987
-28 455
-60 287

Estimated living cost  is ₽36463 per week

₽24018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2875
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.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽28646
-₽45789
-₽28063
-₽28235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
income
-
-
-
2 300
pensions
-
-
-
-
total
-
-
-
2 300
Employee
51 149
-
11 286
-
health
667
-
-
-
income
9 315
-
2 258
-
pensions
3 904
-
-
-
total
13 886
-
2 258
-
Employer
51 149
-
11 286
-
pensions
5 168
-
-
-
health
972
-
214
-
total
6 140
-
214
-
Corporate
-
11 500
-
-
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.

-
2 185
-
-
total
-
2 185
-
-
Dividends
-
9 315
-
-
withholding
-
698
-
-
total
-
698
-
-
Income
11 500
11 500
11 500
11 500
Total tax
20 026
2 883
2 472
2 300
After tax
-8 526
8 617
9 028
9 200
Living cost
37 263
37 263
37 263
37 263
Free-cash
-45 789
-28 646
-28 235
-28 063

Estimated living cost  is ₽37263 per week

₽25562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽22938
-₽33699
-₽20150
-₽17796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
accident
-
-
-
253
income
-
-
-
803
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
7 781
Employee
37 547
-
9 553
-
health
4 299
-
1 094
-
income
5 151
-
1 311
-
pensions
4 228
-
1 076
-
total
13 678
-
3 481
-
Employer
37 547
-
9 553
-
accident
627
-
159
-
unemployment
920
-
234
-
pensions
6 105
-
1 553
-
total
7 652
-
1 946
-
Corporate
-
11 500
-
-
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.

-
10 350
-
-
total
-
10 350
-
-
Dividends
-
1 150
-
-
withholding
-
219
-
-
total
-
219
-
-
Income
11 500
11 500
11 500
11 500
Total tax
21 330
10 569
5 427
7 781
After tax
-9 830
931
6 073
3 719
Living cost
23 869
23 869
23 869
23 869
Free-cash
-33 699
-22 938
-17 796
-20 150

Estimated living cost  is ₽23869 per week

₽17517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
-₽3791
-₽10206
-₽6379
-₽6379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
11 500
work injury
-
-
-
58
health insurance
-
-
-
851
income
-
-
-
1 150
pensions
-
-
-
2 116
unemployment
-
-
-
138
total
-
-
-
4 313
Employee

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

21 706
-
11 500
-
work injury
109
-
58
-
income
2 171
-
1 150
-
pensions
3 994
-
2 116
-
health insurance
1 606
-
851
-
unemployment
260
-
138
-
total
8 140
-
4 313
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
11 500
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
-
11 500
-
-
withholding
-
1 725
-
-
total
-
1 725
-
-
Income
11 500
11 500
11 500
11 500
Total tax
8 140
1 725
4 313
4 313
After tax
3 360
9 775
7 187
7 187
Living cost
13 566
13 566
13 566
13 566
Free-cash
-10 206
-3 791
-6 379
-6 379

Estimated living cost  is ₽13566 per week

₽8404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

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Rome , Italy
-₽33958
-₽73144
-₽37254
-₽39053
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
11 500
municipal
-
-
-
34
regional
-
-
-
65
national
-
-
-
854
social contributions
-
-
-
7 785
total
-
-
-
8 738
Employee
84 643
-
11 500
-
social contributions
28 541
-
10 206
-
regional
1 278
-
23
-
municipal
505
-
11
-
national
14 304
-
297
-
total
44 628
-
10 537
-
Employer
84 643
-
11 500
-
total
-
-
-
-
Corporate
-
11 500
-
-
nationa
-
2 760
-
-
municipal
-
555
-
-
total
-
3 315
-
-
Dividends
-
8 185
-
-
withholding
-
2 127
-
-
total
-
2 127
-
-
Income
11 500
11 500
11 500
11 500
Total tax
44 628
5 442
10 537
8 738
After tax
-33 128
6 058
963
2 762
Living cost
40 016
40 016
40 016
40 016
Free-cash
-73 144
-33 958
-39 053
-37 254

Estimated living cost  is ₽40016 per week

₽28108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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Estimated living cost

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