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
₽ 116000
per

Your estimated
City
free-cash

Dresden , Germany
₽28435
₽48151
₽37175
₽39451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income

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

-
-
-
29 265
surtax

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

-
-
-
1 610
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.

-
-
-
6 805
trade
-
-
-
10 976
total
-
-
-
48 656
Employee

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

38 096
-
116 000
-
surtax

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

59
-
1 610
-
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.

1 064
-
29 265
-
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.

6 805
-
6 805
-
total
7 928
-
37 680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 904
116 000
-
-
income
11 685
17 401
-
-
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.

643
956
-
-
chamber of commerce
263
318
-
-
trade
12 269
18 270
-
-
total
24 860
36 945
-
-
Dividends
53 044
79 055
-
-
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.

709
1 066
-
-
withholding
12 883
19 385
-
-
total
13 592
20 451
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 380
57 396
37 680
48 656
After tax
69 620
58 604
78 320
67 344
Living cost
30 169
30 169
30 169
30 169
Free-cash
39 451
28 435
48 151
37 175

Estimated living cost  is ₽30169 per week

₽18977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3518
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19646
₽17822
₽16910
₽18769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
1 247
municipal
-
-
-
12 231
national
-
-
-
18 954
pensions
-
-
-
13 920
total
-
-
-
46 352
Employee
81 754
-
100 281
-
municipal
10 098
-
12 680
-
pensions
3 270
-
4 011
-
national
15 648
-
19 649
-
total
29 016
-
36 340
-
Employer
81 754
-
100 281
-
pensions
6 540
-
8 022
-
social contributions
879
-
1 078
-
total
7 419
-
9 100
-
Corporate
21 431
116 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

4 286
23 200
-
-
total
4 286
23 200
-
-
Dividends
17 145
92 800
-
-
withholding
3 772
20 416
-
-
total
3 772
20 416
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 493
43 616
45 440
46 352
After tax
71 507
72 384
70 560
69 648
Living cost
52 738
52 738
52 738
52 738
Free-cash
18 769
19 646
17 822
16 910

Estimated living cost  is ₽52738 per week

₽35846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽789
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72078
₽44476
₽41015
₽63907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
16 968
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.

-
-
-
37 295
microenterprise
-
-
-
-
total
-
-
-
54 263
Employee
29 104
-
93 481
-
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.

3 202
-
10 282
-
income
5 181
-
18 001
-
total
8 383
-
28 283
-
Employer
29 104
-
93 481
-
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.

7 011
-
22 519
-
surtax
-
-
-
-
total
7 011
-
22 519
-
Corporate
79 885
116 000
-
-
income

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

15 977
23 200
-
-
total
15 977
23 200
-
-
Dividends

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

63 907
92 800
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
31 371
23 200
50 802
54 263
After tax
84 629
92 800
65 198
61 737
Living cost
20 722
20 722
20 722
20 722
Free-cash
63 907
72 078
44 476
41 015

Estimated living cost  is ₽20722 per week

₽13220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14822
₽19515
₽24612
₽8719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
25 711
health
-
-
-
12 282
pensions
-
-
-
11 670
total
-
-
-
49 663
Employee
85 057
85 057
98 715
-
pensions
15 310
11 670
11 670
-
income

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

13 922
13 922
13 922
-
health
13 055
11 105
11 883
-
total
42 287
36 697
37 475
-
Employer
85 057
85 057
98 715
-
health
5 912
5 912
6 861
-
pensions
5 920
5 920
6 871
-
unemployment
3 062
3 062
3 553
-
total
14 894
14 894
17 285
-
Corporate
17 092
16 049
-
-
income
3 419
3 209
-
-
total
3 419
3 209
-
-
Dividends
13 673
12 839
-
-
income
2 905
2 727
-
-
withholding
2 051
1 926
-
-
total
4 956
4 653
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 556
59 453
54 760
49 663
After tax
50 444
56 547
61 240
66 337
Living cost
41 725
41 725
41 725
41 725
Free-cash
8 719
14 822
19 515
24 612

Estimated living cost  is ₽41725 per week

₽29570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽663
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22343
₽20264
₽21120
₽21424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
180
other
-
-
-
10 440
unemployment
-
-
-
90
health
-
-
-
5 606
municipal
-
-
-
26 830
national
-
-
-
1 029
pensions
-
-
-
9 712
total
-
-
-
53 887
Employee
58 411
-
88 267
-
municipal
17 418
-
26 321
-
national
-
-
688
-
total
17 418
-
27 009
-
Employer
58 411
-
88 267
-
health
3 592
-
5 428
-
pensions
6 314
-
9 542
-
accident
117
-
177
-
unemployment
1 542
-
2 330
-
other
6 787
-
10 257
-
total
18 352
-
27 734
-
Corporate
39 236
116 000
-
-
income
8 632
25 520
-
-
total
8 632
25 520
-
-
Dividends
30 604
90 480
-
-
withholding
9 181
27 144
-
-
total
9 181
27 144
-
-
Income
116 000
116 000
116 000
116 000
Total tax
53 583
52 664
54 743
53 887
After tax
62 417
63 336
61 257
62 113
Living cost
40 993
40 993
40 993
40 993
Free-cash
21 424
22 343
20 264
21 120

Estimated living cost  is ₽40993 per week

₽27168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽623
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18880
₽39192
₽27728
₽32872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income

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

-
-
-
29 265
surtax

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

-
-
-
1 610
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.

-
-
-
6 805
trade
-
-
-
11 464
total
-
-
-
49 144
Employee

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

50 511
-
116 000
-
surtax

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

238
-
1 610
-
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.

4 340
-
29 265
-
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.

6 805
-
6 805
-
total
11 383
-
37 680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 489
116 000
-
-
income
9 823
17 401
-
-
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.

541
956
-
-
chamber of commerce
244
316
-
-
trade
10 774
19 081
-
-
total
21 382
37 754
-
-
Dividends
44 108
78 246
-
-
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.

586
1 055
-
-
withholding
10 649
19 183
-
-
total
11 235
20 238
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 000
57 992
37 680
49 144
After tax
72 000
58 008
78 320
66 856
Living cost
39 128
39 128
39 128
39 128
Free-cash
32 872
18 880
39 192
27 728

Estimated living cost  is ₽39128 per week

₽26169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52510
₽47859
₽49133
₽48379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
15 488
social contributions
-
-
-
16 115
health
-
-
-
2 958
total
-
-
-
34 561
Employee
76 590
76 590
105 476
-
social contributions
3 722
6 357
8 574
-
income
8 043
7 090
14 942
-
health
762
1 302
1 794
-
total
12 527
14 749
25 310
-
Employer
76 590
76 590
105 476
-
health
830
1 418
1 951
-
social contributions
3 722
6 357
8 574
-
total
4 552
7 775
10 525
-
Corporate
66 616
31 636
-
-
income
8 326
3 954
-
-
total
8 326
3 954
-
-
Dividends
58 290
27 682
-
-
withholding
9 910
4 706
-
-
total
9 910
4 706
-
-
Income
116 000
116 000
116 000
116 000
Total tax
35 315
31 184
35 835
34 561
After tax
80 685
84 816
80 165
81 439
Living cost
32 306
32 306
32 306
32 306
Free-cash
48 379
52 510
47 859
49 133

Estimated living cost  is ₽32306 per week

₽22085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47060
₽49015
₽62128
₽47438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
14 181
unemployment
-
-
-
1 740
health
-
-
-
8 120
pensions
-
-
-
11 600
total
-
-
-
35 641
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.

26 317
10 474
97 071
-
unemployment
395
157
1 456
-
pensions
2 632
1 047
9 707
-
income
3 217
1 280
11 867
-
health
1 842
733
6 795
-
total
8 086
3 217
29 825
-
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.

26 317
10 474
97 071
-
pensions
5 132
2 042
18 929
-
total
5 132
2 042
18 929
-
Corporate
84 551
103 484
-
-
income
7 610
9 314
-
-
total
7 610
9 314
-
-
Dividends
76 942
94 170
-
-
social contributions
14 884
18 244
-
-
withholding
14 619
17 892
-
-
total
29 503
36 136
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 331
50 709
48 754
35 641
After tax
65 669
65 291
67 246
80 359
Living cost
18 231
18 231
18 231
18 231
Free-cash
47 438
47 060
49 015
62 128

Estimated living cost  is ₽18231 per week

₽12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
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.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68742
₽42802
₽38117
₽62553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
15 545
health
-
-
-
15 080
pensions
-
-
-
23 200
total
-
-
-
53 825
Employee
28 256
-
86 695
-
unemployment
452
-
1 387
-
pensions
565
-
1 733
-
income
3 181
-
16 715
-
total
4 198
-
19 835
-
Employer
28 256
-
86 695
-
health
3 673
-
11 271
-
pensions
5 652
-
17 340
-
unemployment
227
-
694
-
total
9 552
-
29 305
-
Corporate
78 193
116 000
-
-
income
15 639
23 200
-
-
total
15 639
23 200
-
-
Dividends
62 554
92 800
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
29 389
23 200
49 140
53 825
After tax
86 611
92 800
66 860
62 175
Living cost
24 058
24 058
24 058
24 058
Free-cash
62 553
68 742
42 802
38 117

Estimated living cost  is ₽24058 per week

₽16501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12773
₽38678
₽57351
₽5996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
254
income
-
-
-
29 462
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
36 480
Employee
34 873
-
100 747
-
pensions
3 927
-
7 688
-
income
4 784
-
20 676
-
health
3 993
-
11 536
-
total
12 704
-
39 900
-
Employer
34 873
-
100 747
-
pensions
5 671
-
11 102
-
accident
582
-
1 683
-
unemployment
854
-
2 468
-
total
7 107
-
15 253
-
Corporate
74 020
116 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

66 618
104 400
-
-
total
66 618
104 400
-
-
Dividends
7 402
11 600
-
-
withholding
1 406
2 204
-
-
total
1 406
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
87 835
106 604
55 153
36 480
After tax
28 165
9 396
60 847
79 520
Living cost
22 169
22 169
22 169
22 169
Free-cash
5 996
-12 773
38 678
57 351

Estimated living cost  is ₽22169 per week

₽16248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
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.
₽4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102055
₽84655
₽106695
₽100528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
116 000
microenterprise

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

-
-
-
1 160
total
-
-
-
1 160
Employee
10 181
-
116 000
-
income
2 036
-
23 200
-
total
2 036
-
23 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

105 819
116 000
-
-
total
-
-
-
-
Dividends
105 819
116 000
-
-
withholding
5 291
5 800
-
-
total
5 291
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
7 327
5 800
23 200
1 160
After tax
108 673
110 200
92 800
114 840
Living cost
8 145
8 145
8 145
8 145
Free-cash
100 528
102 055
84 655
106 695

Estimated living cost  is ₽8145 per week

₽5048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58685
₽40631
₽35835
₽51958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
15 172
other
-
-
-
5 510
health
-
-
-
5 103
pensions

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

-
-
-
27 840
total
-
-
-
53 625
Employee
36 165
-
92 651
-
unemployment
361
-
926
-
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.

2 531
-
6 487
-
income
6 226
-
16 771
-
health
507
-
1 297
-
total
9 625
-
25 481
-
Employer
36 165
-
92 651
-
health
507
-
1 297
-
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.

6 149
-
15 751
-
accident
289
-
741
-
unemployment
361
-
926
-
other
1 809
-
4 633
-
total
9 115
-
23 348
-
Corporate
70 721
116 000
-
-
income
14 851
24 360
-
-
total
14 851
24 360
-
-
Dividends
55 870
91 640
-
-
withholding
3 911
6 415
-
-
total
3 911
6 415
-
-
Income
116 000
116 000
116 000
116 000
Total tax
37 502
30 775
48 829
53 625
After tax
78 498
85 225
67 171
62 375
Living cost
26 540
26 540
26 540
26 540
Free-cash
51 958
58 685
40 631
35 835

Estimated living cost  is ₽26540 per week

₽18752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15947
₽4196
₽15019
₽6986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
26 925
pensions
-
-
-
7 748
total
-
-
-
34 673
Employee
93 815
-
101 877
-
pensions
9 051
-
9 957
-
income
16 911
-
19 710
-
health
1 546
-
1 706
-
total
27 508
-
31 373
-
Employer
93 815
-
101 877
-
health
1 782
-
1 935
-
pensions
11 077
-
12 188
-
total
12 859
-
14 123
-
Corporate
9 326
116 000
-
-
income

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

1 773
22 040
-
-
total
1 773
22 040
-
-
Dividends
7 553
93 960
-
-
withholding
566
11 705
-
-
total
566
11 705
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 706
33 745
45 496
34 673
After tax
73 294
82 255
70 504
81 327
Living cost
66 308
66 308
66 308
66 308
Free-cash
6 986
15 947
4 196
15 019

Estimated living cost  is ₽66308 per week

₽49686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7791
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86128
₽80174
₽76264
₽81506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 400
unemployment
-
-
-
139
health
-
-
-
3 999
pensions

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

-
-
-
5 146
total
-
-
-
26 684
Employee
17 282
-
109 178
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
pensions

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

1 517
-
3 053
-
income
1 728
-
10 918
-
health
795
-
1 599
-
total
4 230
-
15 952
-
Employer
17 282
-
109 178
-
health
1 193
-
2 399
-
pensions

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

1 905
-
3 832
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
unemployment
103
-
209
-
total
3 391
-
6 822
-
Corporate
95 327
116 000
-
-
income
9 532
11 600
-
-
total
9 532
11 600
-
-
Dividends
85 794
104 400
-
-
withholding
4 289
5 220
-
-
total
4 289
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
21 442
16 820
22 774
26 684
After tax
94 558
99 180
93 226
89 316
Living cost
13 052
13 052
13 052
13 052
Free-cash
81 506
86 128
80 174
76 264

Estimated living cost  is ₽13052 per week

₽7620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1316
₽6009
₽11106
₽3819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
25 711
health
-
-
-
12 282
pensions
-
-
-
11 670
total
-
-
-
49 663
Employee
92 345
85 057
98 715
-
pensions
11 670
11 670
11 670
-
income

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

13 922
13 922
13 922
-
health
11 520
11 105
11 883
-
total
37 112
36 697
37 475
-
Employer
92 345
85 057
98 715
-
health
6 417
5 912
6 861
-
pensions
6 427
5 920
6 871
-
unemployment
3 325
3 062
3 553
-
total
16 169
14 894
17 285
-
Corporate
7 487
16 049
-
-
income
1 497
3 209
-
-
total
1 497
3 209
-
-
Dividends
5 990
12 839
-
-
income
1 274
2 727
-
-
withholding
898
1 926
-
-
total
2 172
4 653
-
-
Income
116 000
116 000
116 000
116 000
Total tax
56 950
59 453
54 760
49 663
After tax
59 050
56 547
61 240
66 337
Living cost
55 231
55 231
55 231
55 231
Free-cash
3 819
1 316
6 009
11 106

Estimated living cost  is ₽55231 per week

₽40742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55116
₽34115
₽31748
₽46286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
9 970
social contributions
-
-
-
33 872
solidarity contribution
-
-
-
-
health
-
-
-
15 660
total
-
-
-
59 502
Employee
36 396
-
86 567
-
solidarity contribution
-
-
-
-
social contributions
2 366
-
5 627
-
income
4 368
-
10 388
-
health
4 914
-
11 687
-
total
11 648
-
27 702
-
Employer
36 396
-
86 567
-
health
3 276
-
7 791
-
social contributions
9 099
-
21 642
-
total
12 375
-
29 433
-
Corporate
67 229
116 000
-
-
income
12 773
22 040
-
-
total
12 773
22 040
-
-
Dividends
54 455
93 960
-
-
withholding
8 168
14 094
-
-
total
8 168
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 964
36 134
57 135
59 502
After tax
71 036
79 866
58 865
56 498
Living cost
24 750
24 750
24 750
24 750
Free-cash
46 286
55 116
34 115
31 748

Estimated living cost  is ₽24750 per week

₽17191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19862
₽10833
₽16350
₽14661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
1 308
municipal
-
-
-
690
national
-
-
-
25 787
total
-
-
-
57 621
Employee
88 521
-
116 000
-
municipal
469
-
614
-
national
15 339
-
22 260
-
regional
835
-
1 149
-
social contributions
29 849
-
39 115
-
total
46 492
-
63 138
-
Employer
88 521
-
116 000
-
total
-
-
-
-
Corporate
27 479
116 000
-
-
municipal
1 072
4 523
-
-
nationa
6 595
27 840
-
-
total
7 667
32 363
-
-
Dividends
19 813
83 637
-
-
withholding
5 151
21 746
-
-
total
5 151
21 746
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 310
54 109
63 138
57 621
After tax
56 690
61 891
52 862
58 379
Living cost
42 029
42 029
42 029
42 029
Free-cash
14 661
19 862
10 833
16 350

Estimated living cost  is ₽42029 per week

₽29297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽645
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50986
₽33324
₽35234
₽47884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
23 965
other
-
-
-
-
surtax
-
-
-
3 160
unemployment
-
-
-
227
health
-
-
-
8 235
pensions
-
-
-
23 200
total
-
-
-
58 787
Employee
32 938
-
95 828
-
other
-
-
-
-
unemployment
2 293
-
6 670
-
pensions
2 196
-
6 393
-
surtax
108
-
2 860
-
income
5 521
-
22 158
-
health
841
-
2 444
-
total
10 959
-
40 525
-
Employer
32 938
-
95 828
-
health
1 499
-
4 361
-
pensions
4 391
-
12 774
-
unemployment
1 043
-
3 037
-
other
-
-
-
-
total
6 933
-
20 172
-
Corporate
76 129
116 000
-
-
income
19 794
30 159
-
-
total
19 794
30 159
-
-
Dividends
56 335
85 841
-
-
withholding
8 451
12 876
-
-
total
8 451
12 876
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 137
43 035
60 697
58 787
After tax
69 863
72 965
55 303
57 213
Living cost
21 979
21 979
21 979
21 979
Free-cash
47 884
50 986
33 324
35 234

Estimated living cost  is ₽21979 per week

₽13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽507
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36955
₽25204
₽36027
₽33810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
26 925
pensions
-
-
-
7 748
total
-
-
-
34 673
Employee
62 872
-
101 877
-
pensions
5 336
-
9 957
-
income
11 324
-
19 710
-
health
913
-
1 706
-
total
17 573
-
31 373
-
Employer
62 872
-
101 877
-
health
1 194
-
1 935
-
pensions
6 806
-
12 188
-
total
8 000
-
14 123
-
Corporate
45 127
116 000
-
-
income

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

8 575
22 040
-
-
total
8 575
22 040
-
-
Dividends
36 553
93 960
-
-
withholding
2 742
11 705
-
-
total
2 742
11 705
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 890
33 745
45 496
34 673
After tax
79 110
82 255
70 504
81 327
Living cost
45 300
45 300
45 300
45 300
Free-cash
33 810
36 955
25 204
36 027

Estimated living cost  is ₽45300 per week

₽33938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽25666
₽11773
₽17533
₽8011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
2 321
regional
-
-
-
4 336
health
-
-
-
261
city
-
-
-
1 223
national
-
-
-
944
pensions
-
-
-
10 672
total
-
-
-
19 757
Employee
92 111
-
103 824
-
unemployment
-
-
-
-
pensions
7 739
-
8 723
-
national
436
-
705
-
regional
3 016
-
3 704
-
city
989
-
1 116
-
health
208
-
235
-
total
12 388
-
14 483
-
Employer
92 111
-
103 824
-
health
208
-
235
-
pensions
7 739
-
8 723
-
unemployment
-
-
-
-
other

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

1 842
-
2 076
-
total
9 789
-
11 034
-
Corporate
13 087
116 000
-
-
regional
2 768
24 534
-
-
national
1 112
9 859
-
-
total
3 880
34 393
-
-
Dividends
9 208
81 607
-
-
withholding
3 222
28 563
-
-
total
3 222
28 563
-
-
Income
116 000
116 000
116 000
116 000
Total tax
29 279
62 956
25 517
19 757
After tax
86 721
53 044
90 483
96 243
Living cost
78 710
78 710
78 710
78 710
Free-cash
8 011
-25 666
11 773
17 533

Estimated living cost  is ₽78710 per week

₽51184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽966
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽11782
₽32691
₽20740
₽27933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income

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

-
-
-
29 265
surtax

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

-
-
-
1 610
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.

-
-
-
6 805
trade
-
-
-
11 951
total
-
-
-
49 631
Employee

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

59 860
-
116 000
-
surtax

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

387
-
1 610
-
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.

7 039
-
29 265
-
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.

6 805
-
6 805
-
total
14 231
-
37 680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 140
116 000
-
-
income
8 421
17 401
-
-
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.

463
956
-
-
chamber of commerce
231
314
-
-
trade
9 628
19 894
-
-
total
18 743
38 565
-
-
Dividends
37 398
77 435
-
-
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.

493
1 043
-
-
withholding
8 971
18 981
-
-
total
9 464
20 024
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 438
58 589
37 680
49 631
After tax
73 562
57 411
78 320
66 369
Living cost
45 629
45 629
45 629
45 629
Free-cash
27 933
11 782
32 691
20 740

Estimated living cost  is ₽45629 per week

₽33325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24386
₽36260
₽32254
₽30268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
13 367
other
-
-
-
3 595
surtax
-
-
-
-
social contributions
-
-
-
3 304
health
-
-
-
3 051
pensions
-
-
-
26 351
total
-
-
-
49 668
Employee
42 629
-
93 067
-
pensions
4 820
-
5 045
-
surtax
-
-
-
-
social contributions
1 215
-
2 652
-
income
2 516
-
15 034
-
total
8 551
-
22 731
-
Employer
42 629
-
93 067
-
health
2 985
-
6 923
-
pensions
7 003
-
8 748
-
unemployment
1 726
-
3 769
-
social contributions
129
-
280
-
other
1 471
-
3 211
-
total
13 314
-
22 931
-
Corporate
60 059
116 000
-
-
income
16 817
32 480
-
-
surtax
-
-
-
-
total
16 817
32 480
-
-
Dividends
43 242
83 520
-
-
surtax
-
-
-
-
social contributions
7 438
14 365
-
-
withholding
5 534
10 691
-
-
total
12 972
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 654
57 536
45 662
49 668
After tax
64 346
58 464
70 338
66 332
Living cost
34 078
34 078
34 078
34 078
Free-cash
30 268
24 386
36 260
32 254

Estimated living cost  is ₽34078 per week

₽21487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27763
₽39637
₽35631
₽33297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
13 367
other
-
-
-
3 595
surtax
-
-
-
-
social contributions
-
-
-
3 304
health
-
-
-
3 051
pensions
-
-
-
26 351
total
-
-
-
49 668
Employee
38 052
-
93 067
-
pensions
4 304
-
5 045
-
surtax
-
-
-
-
social contributions
1 085
-
2 652
-
income
1 962
-
15 034
-
total
7 351
-
22 731
-
Employer
38 052
-
93 067
-
health
2 663
-
6 923
-
pensions
6 253
-
8 748
-
unemployment
1 540
-
3 769
-
social contributions
113
-
280
-
other
1 314
-
3 211
-
total
11 883
-
22 931
-
Corporate
66 065
116 000
-
-
income
18 499
32 480
-
-
surtax
-
-
-
-
total
18 499
32 480
-
-
Dividends
47 566
83 520
-
-
surtax
-
-
-
-
social contributions
8 181
14 365
-
-
withholding
6 088
10 691
-
-
total
14 269
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 002
57 536
45 662
49 668
After tax
63 998
58 464
70 338
66 332
Living cost
30 701
30 701
30 701
30 701
Free-cash
33 297
27 763
39 637
35 631

Estimated living cost  is ₽30701 per week

₽17805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49650
₽52729
₽53373
₽50167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 401
social contributions
-
-
-
16 008
health
-
-
-
8 097
total
-
-
-
41 506
Employee
33 771
-
116 000
-
social contributions
4 661
-
16 008
-
income
5 633
-
18 045
-
health
2 357
-
8 097
-
total
12 651
-
42 150
-
Employer
33 771
-
116 000
-
total
-
-
-
-
Corporate
82 229
116 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

4 111
5 801
-
-
total
4 111
5 801
-
-
Dividends
78 118
110 199
-
-
social contributions
10 780
15 208
-
-
withholding
11 717
16 529
-
-
health
5 453
7 691
-
-
total
27 950
39 428
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 712
45 229
42 150
41 506
After tax
71 288
70 771
73 850
74 494
Living cost
21 120
21 120
21 120
21 120
Free-cash
50 167
49 650
52 729
53 373

Estimated living cost  is ₽21120 per week

₽14135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1302
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29653
-₽2011
₽22294
₽28114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
21 506
surtax
-
-
-
197
unemployment
-
-
-
6 109
chamber of commerce
-
-
-
463
health
-
-
-
8 874
pensions
-
-
-
21 461
total
-
-
-
58 610
Employee
49 777
39 693
89 927
-
other
497
397
900
-
unemployment
1 493
1 191
2 697
-
pensions
5 098
4 064
9 209
-
income
5 667
2 928
19 021
-
health
1 926
1 537
3 480
-
total
14 681
10 117
35 307
-
Employer
49 777
39 693
89 927
-
chamber of commerce
198
159
359
-
health
1 881
1 501
3 398
-
pensions
6 247
4 982
11 286
-
accident
646
516
1 168
-
unemployment
1 493
1 191
2 697
-
surtax
197
197
197
-
payroll
1 493
1 191
2 697
-
other
2 365
1 884
4 270
-
total
14 520
11 621
26 072
-
Corporate
51 703
64 686
86 147
-
income

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

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

12 925
16 172
21 536
-
total
12 925
16 172
21 536
-
Dividends
38 778
48 514
-
-
withholding
10 664
13 341
-
-
total
10 664
13 341
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 790
51 251
82 915
58 610
After tax
63 210
64 749
33 085
57 390
Living cost
35 096
35 096
35 096
35 096
Free-cash
28 114
29 653
-2 011
22 294

Estimated living cost  is ₽35096 per week

₽23408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28683
₽7843
₽16327
₽13743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
communal

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

-
-
-
5 842
social contributions
-
-
-
18 613
national
-
-
-
38 901
total
-
-
-
63 356
Employee

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

71 247
-
89 846
-
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.

620
-
783
-
communal

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

3 716
-
4 686
-
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.

5 343
-
6 738
-
national
21 904
-
29 258
-
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.

3 347
-
4 223
-
total
34 930
-
45 688
-
Employer

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

71 247
-
89 846
-
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.

4 381
-
5 525
-
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.

6 313
-
7 959
-
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.

926
-
1 168
-
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.

1 040
-
1 312
-
surtax
8 079
-
10 188
-
total
20 739
-
26 152
-
Corporate
24 015
116 000
-
-
income
4 803
23 200
-
-
surtax
96
463
-
-
total
4 899
23 663
-
-
Dividends
19 115
92 337
-
-
withholding

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

5 372
27 337
-
-
total
5 372
27 337
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 940
51 000
71 840
63 356
After tax
50 060
65 000
44 160
52 644
Living cost
36 317
36 317
36 317
36 317
Free-cash
13 743
28 683
7 843
16 327

Estimated living cost  is ₽36317 per week

₽23393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽42067
₽24052
₽27784
₽34215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
832
income
-
-
-
24 548
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
52 245
Employee
49 580
-
87 958
-
other
49
-
89
-
unemployment
769
-
1 363
-
pensions
2 331
-
4 134
-
income
10 461
-
22 352
-
total
13 610
-
27 938
-
Employer
49 580
-
87 958
-
pensions
11 700
-
20 758
-
accident
981
-
1 741
-
unemployment
2 727
-
4 837
-
other
395
-
703
-
total
15 803
-
28 039
-
Corporate
50 617
116 000
-
-
income

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

7 593
17 401
-
-
total
7 593
17 401
-
-
Dividends
43 024
98 599
-
-
withholding
8 808
20 561
-
-
total
8 808
20 561
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 814
37 962
55 977
52 245
After tax
70 186
78 038
60 023
63 755
Living cost
35 971
35 971
35 971
35 971
Free-cash
34 215
42 067
24 052
27 784

Estimated living cost  is ₽35971 per week

₽26489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2552
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16234
₽14504
₽9815
₽8661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
communal
-
-
-
7 332
accident
-
-
-
977
income
-
-
-
12 460
surtax
-
-
-
5 750
health
-
-
-
8 150
pensions
-
-
-
17 388
total
-
-
-
52 057
Employee
75 429
-
103 618
-
pensions
6 033
-
8 290
-
surtax
4 623
-
6 351
-
income
7 286
-
15 735
-
health
3 357
-
4 610
-
total
21 299
-
34 986
-
Employer
75 429
-
103 618
-
health
2 300
-
3 160
-
pensions
6 033
-
8 290
-
accident
679
-
932
-
total
9 012
-
12 382
-
Corporate
31 559
116 000
-
-
communal
-
7 831
-
-
income
4 733
17 401
-
-
surtax
331
1 217
-
-
total
5 064
26 449
-
-
Dividends
26 496
89 551
-
-
income
13 861
5 756
-
-
withholding
3 975
13 433
-
-
total
17 836
19 189
-
-
Income
116 000
116 000
116 000
116 000
Total tax
53 211
45 638
47 368
52 057
After tax
62 789
70 362
68 632
63 943
Living cost
54 128
54 128
54 128
54 128
Free-cash
8 661
16 234
14 504
9 815

Estimated living cost  is ₽54128 per week

₽40604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50593
₽32931
₽34841
₽47424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
23 965
other
-
-
-
-
surtax
-
-
-
3 160
unemployment
-
-
-
227
health
-
-
-
8 235
pensions
-
-
-
23 200
total
-
-
-
58 787
Employee
33 543
-
95 828
-
other
-
-
-
-
unemployment
2 334
-
6 670
-
pensions
2 238
-
6 393
-
surtax
119
-
2 860
-
income
5 623
-
22 158
-
health
856
-
2 444
-
total
11 170
-
40 525
-
Employer
33 543
-
95 828
-
health
1 525
-
4 361
-
pensions
4 472
-
12 774
-
unemployment
1 064
-
3 037
-
other
-
-
-
-
total
7 061
-
20 172
-
Corporate
75 396
116 000
-
-
income
19 603
30 159
-
-
total
19 603
30 159
-
-
Dividends
55 793
85 841
-
-
withholding
8 370
12 876
-
-
total
8 370
12 876
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 204
43 035
60 697
58 787
After tax
69 796
72 965
55 303
57 213
Living cost
22 372
22 372
22 372
22 372
Free-cash
47 424
50 593
32 931
34 841

Estimated living cost  is ₽22372 per week

₽13507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34141
₽25620
₽31107
₽31930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
1 749
municipal
-
-
-
690
national
-
-
-
25 787
total
-
-
-
58 062
Employee
55 251
-
116 000
-
municipal
293
-
614
-
national
8 753
-
22 260
-
regional
744
-
1 560
-
social contributions
18 631
-
39 115
-
total
28 421
-
63 549
-
Employer
55 251
-
116 000
-
total
-
-
-
-
Corporate
60 749
116 000
-
-
municipal
3 019
5 765
-
-
nationa
14 581
27 840
-
-
total
17 600
33 605
-
-
Dividends
43 150
82 395
-
-
withholding
11 218
21 423
-
-
total
11 218
21 423
-
-
Income
116 000
116 000
116 000
116 000
Total tax
57 239
55 028
63 549
58 062
After tax
58 761
60 972
52 451
57 938
Living cost
26 831
26 831
26 831
26 831
Free-cash
31 930
34 141
25 620
31 107

Estimated living cost  is ₽26831 per week

₽16686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49368
₽28367
₽26000
₽38488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
9 970
social contributions
-
-
-
33 872
solidarity contribution
-
-
-
-
health
-
-
-
15 660
total
-
-
-
59 502
Employee
44 850
-
86 567
-
solidarity contribution
-
-
-
-
social contributions
2 915
-
5 627
-
income
5 382
-
10 388
-
health
6 055
-
11 687
-
total
14 352
-
27 702
-
Employer
44 850
-
86 567
-
health
4 036
-
7 791
-
social contributions
11 213
-
21 642
-
total
15 249
-
29 433
-
Corporate
55 901
116 000
-
-
income
10 621
22 040
-
-
total
10 621
22 040
-
-
Dividends
45 280
93 960
-
-
withholding
6 792
14 094
-
-
total
6 792
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
47 014
36 134
57 135
59 502
After tax
68 986
79 866
58 865
56 498
Living cost
30 498
30 498
30 498
30 498
Free-cash
38 488
49 368
28 367
26 000

Estimated living cost  is ₽30498 per week

₽22680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33079
₽1340
₽25810
₽32588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
21 506
surtax
-
-
-
-
unemployment
-
-
-
6 109
chamber of commerce
-
-
-
463
health
-
-
-
8 874
pensions
-
-
-
21 461
total
-
-
-
58 413
Employee
43 539
39 693
90 073
-
other
435
397
902
-
unemployment
1 306
1 191
2 703
-
pensions
4 459
4 064
9 224
-
income
3 879
2 928
19 072
-
health
1 684
1 537
3 485
-
total
11 763
10 117
35 386
-
Employer
43 539
39 693
90 073
-
chamber of commerce
174
159
361
-
health
1 646
1 501
3 404
-
pensions
5 464
4 982
11 305
-
accident
565
516
1 170
-
unemployment
1 306
1 191
2 703
-
surtax
-
-
-
-
payroll
1 306
1 191
2 703
-
other
2 068
1 884
4 277
-
total
12 529
11 424
25 923
-
Corporate
59 931
64 883
86 296
-
income

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

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

14 983
16 221
21 574
-
total
14 983
16 221
21 574
-
Dividends
44 948
48 661
-
-
withholding
12 360
13 382
-
-
total
12 360
13 382
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 635
51 144
82 883
58 413
After tax
64 365
64 856
33 117
57 587
Living cost
31 777
31 777
31 777
31 777
Free-cash
32 588
33 079
1 340
25 810

Estimated living cost  is ₽31777 per week

₽19062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97507
₽80107
₽102147
₽95127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
116 000
microenterprise

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

-
-
-
1 160
total
-
-
-
1 160
Employee
15 866
-
116 000
-
income
3 173
-
23 200
-
total
3 173
-
23 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

100 134
116 000
-
-
total
-
-
-
-
Dividends
100 134
116 000
-
-
withholding
5 007
5 800
-
-
total
5 007
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
8 180
5 800
23 200
1 160
After tax
107 820
110 200
92 800
114 840
Living cost
12 693
12 693
12 693
12 693
Free-cash
95 127
97 507
80 107
102 147

Estimated living cost  is ₽12693 per week

₽8589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽426
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53150
₽29259
₽32579
₽44821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
23 931
unemployment
-
-
-
174
health
-
-
-
11 415
pensions
-
-
-
21 185
total
-
-
-
56 705
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.

44 045
-
100 370
-
unemployment
62
-
140
-
pensions
6 827
-
15 558
-
income
7 595
-
22 218
-
health
2 845
-
6 483
-
total
17 329
-
44 399
-
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.

44 045
-
100 370
-
health
2 934
-
6 684
-
pensions
3 897
-
8 882
-
unemployment
26
-
60
-
total
6 857
-
15 626
-
Corporate
65 098
116 000
-
-
income
12 369
22 039
-
-
total
12 369
22 039
-
-
Dividends
52 729
93 961
-
-
withholding
7 908
14 095
-
-
total
7 908
14 095
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 463
36 134
60 025
56 705
After tax
71 537
79 866
55 975
59 295
Living cost
26 716
26 716
26 716
26 716
Free-cash
44 821
53 150
29 259
32 579

Estimated living cost  is ₽26716 per week

₽18334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26890
₽58997
₽36481
-₽34954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
22 611
social contributions
-
-
-
13 224
total
-
-
-
35 835
Employee
62 637
-
-
-
social contributions
5 136
-
732
-
income
13 816
-
-
-
total
18 952
-
732
-
Employer
62 637
-
-
-
social contributions
88 318
-
12 587
-
total
88 318
-
12 587
-
Corporate
-
116 000
-
-
income
-
25 520
-
-
total
-
25 520
-
-
Dividends
-
90 480
-
-
income
-
19 906
-
-
total
-
19 906
-
-
Income
116 000
116 000
116 000
116 000
Total tax
107 270
45 426
13 319
35 835
After tax
8 730
70 574
102 681
80 165
Living cost
43 684
43 684
43 684
43 684
Free-cash
-34 954
26 890
58 997
36 481

Estimated living cost  is ₽43684 per week

₽28344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34739
₽25901
₽32849
₽33734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
11 600
surtax
-
-
-
-
social contributions

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

-
-
-
40 309
total
-
-
-
51 909
Employee
45 810
-
93 738
-
surtax
-
-
-
-
social contributions
5 039
-
10 311
-
income
9 529
-
26 284
-
total
14 568
-
36 595
-
Employer
45 810
-
93 738
-
social contributions
10 880
-
22 262
-
total
10 880
-
22 262
-
Corporate
59 311
116 000
-
-
income
12 456
24 360
-
-
surtax
-
-
-
-
total
12 456
24 360
-
-
Dividends
46 855
91 640
-
-
withholding
13 120
25 659
-
-
total
13 120
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 024
50 019
58 857
51 909
After tax
64 976
65 981
57 143
64 091
Living cost
31 242
31 242
31 242
31 242
Free-cash
33 734
34 739
25 901
32 849

Estimated living cost  is ₽31242 per week

₽23376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1843
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.
₽5502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10357
₽22231
₽18225
₽17206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
13 367
other
-
-
-
3 595
surtax
-
-
-
-
social contributions
-
-
-
3 304
health
-
-
-
3 051
pensions
-
-
-
26 351
total
-
-
-
49 668
Employee
62 383
-
93 067
-
pensions
7 056
-
5 045
-
surtax
-
-
-
-
social contributions
1 777
-
2 652
-
income
5 443
-
15 034
-
total
14 276
-
22 731
-
Employer
62 383
-
93 067
-
health
4 366
-
6 923
-
pensions
10 250
-
8 748
-
unemployment
2 527
-
3 769
-
social contributions
187
-
280
-
other
2 153
-
3 211
-
total
19 483
-
22 931
-
Corporate
34 133
116 000
-
-
income
9 557
32 480
-
-
surtax
-
-
-
-
total
9 557
32 480
-
-
Dividends
24 576
83 520
-
-
surtax
-
-
-
-
social contributions
4 226
14 365
-
-
withholding
3 145
10 691
-
-
total
7 371
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 687
57 536
45 662
49 668
After tax
65 313
58 464
70 338
66 332
Living cost
48 107
48 107
48 107
48 107
Free-cash
17 206
10 357
22 231
18 225

Estimated living cost  is ₽48107 per week

₽32558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽660
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74460
₽60624
₽57541
₽71114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
3 000
social contributions
-
-
-
25 519
total
-
-
-
28 519
Employee
32 021
-
100 433
-
income
-
-
3 342
-
social contributions
2 081
-
6 529
-
total
2 081
-
9 871
-
Employer
32 021
-
100 433
-
social contributions
4 964
-
15 565
-
total
4 964
-
15 565
-
Corporate
79 015
116 000
-
-
income
7 901
11 600
-
-
total
7 901
11 600
-
-
Dividends
71 114
104 400
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
14 946
11 600
25 436
28 519
After tax
101 054
104 400
90 564
87 481
Living cost
29 940
29 940
29 940
29 940
Free-cash
71 114
74 460
60 624
57 541

Estimated living cost  is ₽29940 per week

₽19359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽100909
-₽100909
₽23026
-₽100909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
labour market
-
-
-
9 211
municipal
-
-
-
22 401
national
-
-
-
12 553
pensions
-
-
-
863
total
-
-
-
45 028
Employee
202 369
202 369
202 369
-
municipal
43 093
43 093
43 093
-
labour market
16 166
16 166
16 166
-
pensions
288
288
288
-
national
24 723
24 723
24 723
-
total
84 270
84 270
84 270
-
Employer
202 369
202 369
202 369
-
national
24 766
24 766
24 766
-
labour market
16 190
16 190
16 190
-
pensions
575
575
575
-
municipal
43 162
43 162
43 162
-
total
84 693
84 693
84 693
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
168 963
168 963
168 963
45 028
After tax
-52 963
-52 963
-52 963
70 972
Living cost
47 946
47 946
47 946
47 946
Free-cash
-100 909
-100 909
-100 909
23 026

Estimated living cost  is ₽47946 per week

₽32815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽737
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12446
₽39005
₽57678
₽6045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
254
income
-
-
-
29 462
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
36 480
Employee
34 359
-
100 747
-
pensions
3 869
-
7 688
-
income
4 714
-
20 676
-
health
3 934
-
11 536
-
total
12 517
-
39 900
-
Employer
34 359
-
100 747
-
pensions
5 587
-
11 102
-
accident
574
-
1 683
-
unemployment
842
-
2 468
-
total
7 003
-
15 253
-
Corporate
74 639
116 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

67 175
104 400
-
-
total
67 175
104 400
-
-
Dividends
7 464
11 600
-
-
withholding
1 418
2 204
-
-
total
1 418
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
88 113
106 604
55 153
36 480
After tax
27 887
9 396
60 847
79 520
Living cost
21 842
21 842
21 842
21 842
Free-cash
6 045
-12 446
39 005
57 678

Estimated living cost  is ₽21842 per week

₽15898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37636
₽26390
₽42298
₽37167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
116 000
health
-
-
-
1 370
municipal
-
-
-
20 633
national
-
-
-
13 459
total
-
-
-
35 462
Employee
52 403
-
97 584
-
municipal
8 583
-
15 921
-
unemployment
786
-
1 463
-
pensions
3 536
-
6 587
-
national
866
-
7 897
-
health
391
-
1 087
-
total
14 162
-
32 955
-
Employer
52 403
-
97 584
-
health
403
-
752
-
pensions
9 092
-
16 930
-
accident
53
-
98
-
unemployment
340
-
635
-
total
9 888
-
18 415
-
Corporate
53 709
116 000
-
-
income
10 742
23 200
-
-
total
10 742
23 200
-
-
Dividends

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

32 226
69 600
-
-
municipal
5 801
12 528
-
-
national
-
4 396
-
-
total
5 801
16 924
-
-
Income
116 000
116 000
116 000
116 000
Total tax
40 593
40 124
51 370
35 462
After tax
75 407
75 876
64 630
80 538
Living cost
38 240
38 240
38 240
38 240
Free-cash
37 167
37 636
26 390
42 298

Estimated living cost  is ₽38240 per week

₽24978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽609
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61755
₽57104
₽58378
₽56334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
15 488
social contributions
-
-
-
16 115
health
-
-
-
2 958
total
-
-
-
34 561
Employee
76 590
76 590
105 476
-
social contributions
2 896
6 357
8 574
-
income
8 339
7 090
14 942
-
health
594
1 302
1 794
-
total
11 829
14 749
25 310
-
Employer
76 590
76 590
105 476
-
health
645
1 418
1 951
-
social contributions
2 896
6 357
8 574
-
total
3 541
7 775
10 525
-
Corporate
77 570
31 636
-
-
income
9 696
3 954
-
-
total
9 696
3 954
-
-
Dividends
67 874
27 682
-
-
withholding
11 539
4 706
-
-
total
11 539
4 706
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 605
31 184
35 835
34 561
After tax
79 395
84 816
80 165
81 439
Living cost
23 061
23 061
23 061
23 061
Free-cash
56 334
61 755
57 104
58 378

Estimated living cost  is ₽23061 per week

₽13821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6468
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80247
₽58927
₽78906
₽75178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
116 000
income
-
-
-
11 311
unemployment
-
-
-
28
health
-
-
-
3 605
pensions
-
-
-
6 336
total
-
-
-
21 280
Employee

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

22 862
-
106 266
-
unemployment
113
-
473
-
pensions
3 429
-
14 176
-
income
1 563
-
8 842
-
health
1 943
-
8 033
-
total
7 048
-
31 524
-
Employer

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

22 862
-
106 266
-
health
983
-
4 064
-
pensions
1 257
-
5 198
-
unemployment
113
-
473
-
total
2 353
-
9 735
-
Corporate
90 784
116 000
-
-
income
8 171
10 439
-
-
total
8 171
10 439
-
-
Dividends
82 613
105 561
-
-
withholding
7 436
9 500
-
-
total
7 436
9 500
-
-
Income
116 000
116 000
116 000
116 000
Total tax
25 008
19 939
41 259
21 280
After tax
90 992
96 061
74 741
94 720
Living cost
15 814
15 814
15 814
15 814
Free-cash
75 178
80 247
58 927
78 906

Estimated living cost  is ₽15814 per week

₽10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50648
₽32633
₽36365
₽45506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
832
income
-
-
-
24 548
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
52 245
Employee
36 829
-
87 958
-
other
36
-
89
-
unemployment
571
-
1 363
-
pensions
1 731
-
4 134
-
income
7 100
-
22 352
-
total
9 438
-
27 938
-
Employer
36 829
-
87 958
-
pensions
8 691
-
20 758
-
accident
730
-
1 741
-
unemployment
2 026
-
4 837
-
other
295
-
703
-
total
11 742
-
28 039
-
Corporate
67 429
116 000
-
-
income

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

10 114
17 401
-
-
total
10 114
17 401
-
-
Dividends
57 315
98 599
-
-
withholding
11 810
20 561
-
-
total
11 810
20 561
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 104
37 962
55 977
52 245
After tax
72 896
78 038
60 023
63 755
Living cost
27 390
27 390
27 390
27 390
Free-cash
45 506
50 648
32 633
36 365

Estimated living cost  is ₽27390 per week

₽18488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2633
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.
₽5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70432
₽72163
₽72302
₽70111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
39 290
health
-
-
-
1 032
pensions
-
-
-
1 424
total
-
-
-
41 746
Employee
2 973
-
114 398
-
unemployment
30
-
71
-
pensions
268
-
641
-
income
575
-
39 216
-
health
149
-
356
-
total
1 022
-
40 284
-
Employer
2 973
-
114 398
-
health
282
-
676
-
pensions
327
-
783
-
unemployment
59
-
142
-
total
668
-
1 601
-
Corporate
112 358
116 000
-
-
income
24 719
25 520
-
-
total
24 719
25 520
-
-
Dividends
87 639
90 480
-
-
withholding
17 528
18 096
-
-
total
17 528
18 096
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 937
43 616
41 885
41 746
After tax
72 063
72 384
74 115
74 254
Living cost
1 952
1 952
1 952
1 952
Free-cash
70 111
70 432
72 163
72 302

Estimated living cost  is ₽1952 per week

₽1160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽45
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66578
₽46116
₽46114
₽61675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
24 818
unemployment
-
-
-
1 105
health
-
-
-
7 585
pensions
-
-
-
19 146
total
-
-
-
52 654
Employee

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

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

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

25 985
-
102 819
-
unemployment
195
-
552
-
pensions
3 638
-
10 309
-
income
3 582
-
24 818
-
health
1 338
-
3 792
-
total
8 753
-
39 471
-
Employer

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

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

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

25 985
-
102 819
-
health
1 338
-
3 792
-
pensions
3 118
-
8 837
-
unemployment
195
-
552
-
total
4 651
-
13 181
-
Corporate
85 364
116 000
-
-
income
12 805
17 400
-
-
total
12 805
17 400
-
-
Dividends
72 559
98 600
-
-
withholding
10 884
14 790
-
-
total
10 884
14 790
-
-
Income
116 000
116 000
116 000
116 000
Total tax
37 093
32 190
52 652
52 654
After tax
78 907
83 810
63 348
63 346
Living cost
17 232
17 232
17 232
17 232
Free-cash
61 675
66 578
46 116
46 114

Estimated living cost  is ₽17232 per week

₽11602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39129
₽30291
₽37239
₽38769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
11 600
surtax
-
-
-
-
social contributions

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

-
-
-
40 309
total
-
-
-
51 909
Employee
38 658
-
93 738
-
surtax
-
-
-
-
social contributions
4 253
-
10 311
-
income
7 554
-
26 284
-
total
11 807
-
36 595
-
Employer
38 658
-
93 738
-
social contributions
9 180
-
22 262
-
total
9 180
-
22 262
-
Corporate
68 161
116 000
-
-
income
14 314
24 360
-
-
surtax
-
-
-
-
total
14 314
24 360
-
-
Dividends
53 847
91 640
-
-
withholding
15 078
25 659
-
-
total
15 078
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 379
50 019
58 857
51 909
After tax
65 621
65 981
57 143
64 091
Living cost
26 852
26 852
26 852
26 852
Free-cash
38 769
39 129
30 291
37 239

Estimated living cost  is ₽26852 per week

₽19019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1866
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.
₽5493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽43033
₽25018
₽28750
₽35518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
832
income
-
-
-
24 548
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
52 245
Employee
48 104
-
87 958
-
other
47
-
89
-
unemployment
745
-
1 363
-
pensions
2 261
-
4 134
-
income
10 047
-
22 352
-
total
13 100
-
27 938
-
Employer
48 104
-
87 958
-
pensions
11 352
-
20 758
-
accident
953
-
1 741
-
unemployment
2 646
-
4 837
-
other
386
-
703
-
total
15 337
-
28 039
-
Corporate
52 560
116 000
-
-
income

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

7 884
17 401
-
-
total
7 884
17 401
-
-
Dividends
44 676
98 599
-
-
withholding
9 156
20 561
-
-
total
9 156
20 561
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 477
37 962
55 977
52 245
After tax
70 523
78 038
60 023
63 755
Living cost
35 005
35 005
35 005
35 005
Free-cash
35 518
43 033
25 018
28 750

Estimated living cost  is ₽35005 per week

₽25139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82056
₽76102
₽72192
₽75988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 400
unemployment
-
-
-
139
health
-
-
-
3 999
pensions

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

-
-
-
5 146
total
-
-
-
26 684
Employee
22 675
-
109 178
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
pensions

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

1 991
-
3 053
-
income
2 268
-
10 918
-
health
1 043
-
1 599
-
total
5 551
-
15 952
-
Employer
22 675
-
109 178
-
health
1 565
-
2 399
-
pensions

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

2 499
-
3 832
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
unemployment
136
-
209
-
total
4 449
-
6 822
-
Corporate
88 876
116 000
-
-
income
8 888
11 600
-
-
total
8 888
11 600
-
-
Dividends
79 988
104 400
-
-
withholding
4 000
5 220
-
-
total
4 000
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
22 888
16 820
22 774
26 684
After tax
93 112
99 180
93 226
89 316
Living cost
17 124
17 124
17 124
17 124
Free-cash
75 988
82 056
76 102
72 192

Estimated living cost  is ₽17124 per week

₽11326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21342
₽39866
₽29865
₽34370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income

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

-
-
-
29 265
surtax

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

-
-
-
1 610
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.

-
-
-
6 805
trade
-
-
-
10 001
total
-
-
-
47 681
Employee

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

49 559
-
116 000
-
surtax

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

225
-
1 610
-
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.

4 075
-
29 265
-
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.

6 805
-
6 805
-
total
11 105
-
37 680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 441
116 000
-
-
income
9 967
17 401
-
-
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.

548
956
-
-
chamber of commerce
250
321
-
-
trade
9 534
16 647
-
-
total
20 299
35 325
-
-
Dividends
46 143
80 675
-
-
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.

614
1 089
-
-
withholding
11 158
19 790
-
-
total
11 772
20 879
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 176
56 204
37 680
47 681
After tax
72 824
59 796
78 320
68 319
Living cost
38 454
38 454
38 454
38 454
Free-cash
34 370
21 342
39 866
29 865

Estimated living cost  is ₽38454 per week

₽26526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24463
₽18663
₽18663
₽26661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
29 936
social contributions
-
-
-
10 663
total
-
-
-
40 599
Employee
77 912
-
116 000
-
income
14 702
-
29 936
-
social contributions
6 473
-
10 663
-
total
21 175
-
40 599
-
Employer
77 912
-
116 000
-
total
-
-
-
-
Corporate
38 088
116 000
-
-
income
4 761
14 499
-
-
total
4 761
14 499
-
-
Dividends
33 327
101 501
-
-
withholding
6 665
20 300
-
-
total
6 665
20 300
-
-
Income
116 000
116 000
116 000
116 000
Total tax
32 601
34 799
40 599
40 599
After tax
83 399
81 201
75 401
75 401
Living cost
56 738
56 738
56 738
56 738
Free-cash
26 661
24 463
18 663
18 663

Estimated living cost  is ₽56738 per week

₽43165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33981
₽49291
₽45432
₽37463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
28 352
health

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

-
-
-
6 060
total
-
-
-
34 412
Employee
45 692
-
111 418
-
income
4 958
-
21 389
-
social contributions
4 578
-
4 582
-
total
9 536
-
25 971
-
Employer
45 692
-
111 418
-
social contributions
4 578
-
4 582
-
total
4 578
-
4 582
-
Corporate
65 730
116 000
-
-
income
23 005
40 601
-
-
total
23 005
40 601
-
-
Dividends
42 725
75 399
-
-
social contributions
5 262
5 262
-
-
total
5 262
5 262
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 381
45 863
30 553
34 412
After tax
73 619
70 137
85 447
81 588
Living cost
36 156
36 156
36 156
36 156
Free-cash
37 463
33 981
49 291
45 432

Estimated living cost  is ₽36156 per week

₽23816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45428
₽33677
₽44500
₽44493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
26 925
pensions
-
-
-
7 748
total
-
-
-
34 673
Employee
50 550
-
101 877
-
pensions
3 858
-
9 957
-
income
9 206
-
19 710
-
health
659
-
1 706
-
total
13 723
-
31 373
-
Employer
50 550
-
101 877
-
health
961
-
1 935
-
pensions
5 107
-
12 188
-
total
6 068
-
14 123
-
Corporate
59 382
116 000
-
-
income

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

11 282
22 040
-
-
total
11 282
22 040
-
-
Dividends
48 100
93 960
-
-
withholding
3 607
11 705
-
-
total
3 607
11 705
-
-
Income
116 000
116 000
116 000
116 000
Total tax
34 680
33 745
45 496
34 673
After tax
81 320
82 255
70 504
81 327
Living cost
36 827
36 827
36 827
36 827
Free-cash
44 493
45 428
33 677
44 500

Estimated living cost  is ₽36827 per week

₽25263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14608
₽36843
₽55516
₽5715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
254
income
-
-
-
29 462
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
36 480
Employee
37 760
-
100 747
-
pensions
4 252
-
7 688
-
income
5 180
-
20 676
-
health
4 323
-
11 536
-
total
13 755
-
39 900
-
Employer
37 760
-
100 747
-
pensions
6 139
-
11 102
-
accident
631
-
1 683
-
unemployment
925
-
2 468
-
total
7 695
-
15 253
-
Corporate
70 545
116 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

63 491
104 400
-
-
total
63 491
104 400
-
-
Dividends
7 054
11 600
-
-
withholding
1 340
2 204
-
-
total
1 340
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
86 281
106 604
55 153
36 480
After tax
29 719
9 396
60 847
79 520
Living cost
24 004
24 004
24 004
24 004
Free-cash
5 715
-14 608
36 843
55 516

Estimated living cost  is ₽24004 per week

₽17616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1399
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.
₽4505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₽84158
₽62414
₽52418
₽79497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 000
income
-
-
-
18 226
unemployment
-
-
-
1 392
work injury
-
-
-
580
health insurance
-
-
-
8 584
pensions
-
-
-
21 344
total
-
-
-
50 126
Employee

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

21 529
-
116 000
-
health insurance
1 593
-
5 894
-
unemployment
258
-
956
-
work injury
108
-
398
-
pensions
3 961
-
14 656
-
income
2 153
-
18 226
-
total
8 073
-
40 130
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
94 471
116 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

945
1 160
-
-
total
945
1 160
-
-
Dividends
93 526
114 840
-
-
withholding
14 029
17 226
-
-
total
14 029
17 226
-
-
Income
116 000
116 000
116 000
116 000
Total tax
23 047
18 386
40 130
50 126
After tax
92 953
97 614
75 870
65 874
Living cost
13 456
13 456
13 456
13 456
Free-cash
79 497
84 158
62 414
52 418

Estimated living cost  is ₽13456 per week

₽8336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽420
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21422
₽12151
₽17456
₽16890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
2 467
municipal
-
-
-
775
national
-
-
-
25 787
total
-
-
-
58 865
Employee
83 932
-
116 000
-
municipal
501
-
692
-
national
14 184
-
22 260
-
regional
1 267
-
2 103
-
social contributions
28 301
-
39 115
-
total
44 253
-
64 170
-
Employer
83 932
-
116 000
-
total
-
-
-
-
Corporate
32 068
116 000
-
-
municipal
1 546
5 591
-
-
nationa
7 697
27 840
-
-
total
9 243
33 431
-
-
Dividends
22 825
82 569
-
-
withholding
5 935
21 468
-
-
total
5 935
21 468
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 431
54 899
64 170
58 865
After tax
56 569
61 101
51 830
57 135
Living cost
39 679
39 679
39 679
39 679
Free-cash
16 890
21 422
12 151
17 456

Estimated living cost  is ₽39679 per week

₽27872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2729
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.
₽8477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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