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
₽40410
₽29953
₽48989
₽37642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 347
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.

-
-
-
30 252
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.

-
-
-
6 459
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.

-
-
-
1 663
total
-
-
-
49 721
Employee

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

36 162
-
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.

56
-
1 663
-
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.

6 459
-
6 459
-
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.

1 010
-
30 252
-
total
7 525
-
38 374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 838
116 000
-
-
trade
12 574
18 270
-
-
income
11 976
17 400
-
-
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.

658
956
-
-
chamber of commerce
258
310
-
-
total
25 466
36 936
-
-
Dividends
54 371
79 063
-
-
withholding
13 234
19 406
-
-
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.

728
1 068
-
-
total
13 962
20 474
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 953
57 410
38 374
49 721
After tax
69 047
58 590
77 626
66 279
Living cost
28 637
28 637
28 637
28 637
Free-cash
40 410
29 953
48 989
37 642

Estimated living cost  is ₽28637 per week

₽18014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23283
₽24087
₽21983
₽21072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 920
municipal
-
-
-
12 341
national
-
-
-
19 123
total
-
-
-
46 631
Employee
74 870
-
100 281
-
national
14 330
-
19 819
-
municipal
9 248
-
12 790
-
pensions
2 995
-
4 011
-
total
26 573
-
36 620
-
Employer
74 870
-
100 281
-
pensions
5 990
-
8 022
-
social contributions
805
-
1 078
-
total
6 795
-
9 100
-
Corporate
29 395
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%.

5 879
23 200
-
-
total
5 879
23 200
-
-
Dividends
23 516
92 800
-
-
withholding
5 173
20 416
-
-
total
5 173
20 416
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 420
43 616
45 720
46 631
After tax
71 580
72 384
70 280
69 369
Living cost
48 297
48 297
48 297
48 297
Free-cash
23 283
24 087
21 983
21 072

Estimated living cost  is ₽48297 per week

₽32827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽723
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65375
₽73129
₽45470
₽13254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
36 225
income
-
-
-
17 272
microenterprise
-
-
-
-
surtax
-
-
-
29 579
total
-
-
-
83 076
Employee
27 627
-
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.

3 039
-
10 283
-
income
4 918
-
18 058
-
total
7 957
-
28 341
-
Employer
27 627
-
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.

6 655
-
22 519
-
surtax
-
-
-
-
total
6 655
-
22 519
-
Corporate
81 718
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%.

16 343
23 201
-
-
total
16 343
23 201
-
-
Dividends

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

65 375
92 799
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
30 955
23 201
50 860
83 076
After tax
85 045
92 799
65 140
32 924
Living cost
19 670
19 670
19 670
19 670
Free-cash
65 375
73 129
45 470
13 254

Estimated living cost  is ₽19670 per week

₽12549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11277
₽17071
₽23250
₽27008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 649
pensions
-
-
-
11 077
health
-
-
-
11 659
total
-
-
-
49 385
Employee
80 739
80 739
98 715
-
health
12 393
10 541
11 565
-
pensions
14 533
11 077
11 077
-
income

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

13 216
13 216
13 216
-
total
40 142
34 834
35 858
-
Employer
80 739
80 739
98 715
-
pensions
5 619
5 619
6 870
-
unemployment
2 907
2 907
3 554
-
health
5 612
5 612
6 861
-
total
14 138
14 138
17 285
-
Corporate
22 113
21 123
-
-
income
4 423
4 225
-
-
total
4 423
4 225
-
-
Dividends
17 690
16 897
-
-
withholding
2 654
2 535
-
-
income
3 759
3 590
-
-
total
6 413
6 125
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 116
59 322
53 143
49 385
After tax
50 884
56 678
62 857
66 615
Living cost
39 607
39 607
39 607
39 607
Free-cash
11 277
17 071
23 250
27 008

Estimated living cost  is ₽39607 per week

₽28068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23383
₽24259
₽21801
₽22854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 952
unemployment
-
-
-
86
pensions
-
-
-
9 258
municipal
-
-
-
27 193
accident
-
-
-
171
national
-
-
-
2 065
health
-
-
-
5 344
total
-
-
-
54 069
Employee
55 681
-
89 091
-
national
-
-
1 646
-
municipal
16 604
-
26 567
-
total
16 604
-
28 213
-
Employer
55 681
-
89 091
-
other
6 470
-
9 952
-
accident
111
-
171
-
pensions
6 019
-
9 258
-
unemployment
1 470
-
2 261
-
health
3 424
-
5 267
-
total
17 494
-
26 909
-
Corporate
42 825
116 000
-
-
income
9 421
25 520
-
-
total
9 421
25 520
-
-
Dividends
33 403
90 480
-
-
withholding
10 021
27 144
-
-
total
10 021
27 144
-
-
Income
116 000
116 000
116 000
116 000
Total tax
53 540
52 664
55 122
54 069
After tax
62 460
63 336
60 878
61 931
Living cost
39 077
39 077
39 077
39 077
Free-cash
23 383
24 259
21 801
22 854

Estimated living cost  is ₽39077 per week

₽25898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3835
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34138
₽20852
₽40484
₽28633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 851
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.

-
-
-
30 252
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.

-
-
-
6 459
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.

-
-
-
1 663
total
-
-
-
50 225
Employee

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

47 947
-
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.

226
-
1 663
-
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.

6 459
-
6 459
-
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.

4 119
-
30 252
-
total
10 804
-
38 374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 053
116 000
-
-
trade
11 194
19 081
-
-
income
10 207
17 400
-
-
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.

562
956
-
-
chamber of commerce
240
309
-
-
total
22 203
37 746
-
-
Dividends
45 850
78 254
-
-
withholding
11 103
19 203
-
-
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.

610
1 057
-
-
total
11 713
20 260
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 720
58 006
38 374
50 225
After tax
71 280
57 994
77 626
65 775
Living cost
37 142
37 142
37 142
37 142
Free-cash
34 138
20 852
40 484
28 633

Estimated living cost  is ₽37142 per week

₽24841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3917
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.
₽7830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50199
₽54122
₽49410
₽50656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
income
-
-
-
16 422
health
-
-
-
2 959
total
-
-
-
34 678
Employee
72 702
72 702
105 902
-
health
723
1 236
1 800
-
social contributions
3 533
6 034
8 138
-
income
7 634
6 730
15 889
-
total
11 890
14 000
25 827
-
Employer
72 702
72 702
105 902
-
social contributions
3 533
6 034
8 138
-
health
788
1 346
1 959
-
total
4 321
7 380
10 097
-
Corporate
69 123
35 919
-
-
income
8 641
4 489
-
-
total
8 641
4 489
-
-
Dividends
60 482
31 429
-
-
withholding
10 283
5 343
-
-
total
10 283
5 343
-
-
Income
116 000
116 000
116 000
116 000
Total tax
35 135
31 212
35 924
34 678
After tax
80 865
84 788
80 076
81 322
Living cost
30 666
30 666
30 666
30 666
Free-cash
50 199
54 122
49 410
50 656

Estimated living cost  is ₽30666 per week

₽20963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48082
₽47717
₽49686
₽62799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 740
income
-
-
-
14 181
pensions
-
-
-
11 600
health
-
-
-
8 120
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.

25 348
10 088
97 071
-
unemployment
380
151
1 456
-
health
1 774
706
6 795
-
pensions
2 535
1 009
9 707
-
income
3 099
1 233
11 867
-
total
7 788
3 099
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.

25 348
10 088
97 071
-
pensions
4 943
1 967
18 929
-
total
4 943
1 967
18 929
-
Corporate
85 710
103 945
-
-
income
7 714
9 355
-
-
total
7 714
9 355
-
-
Dividends
77 996
94 590
-
-
withholding
14 819
17 972
-
-
social contributions
15 094
18 330
-
-
total
29 913
36 302
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 358
50 723
48 754
35 641
After tax
65 642
65 277
67 246
80 359
Living cost
17 560
17 560
17 560
17 560
Free-cash
48 082
47 717
49 686
62 799

Estimated living cost  is ₽17560 per week

₽11983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽351
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64091
₽69962
₽44025
₽39340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
23 199
health
-
-
-
15 080
total
-
-
-
53 824
Employee
26 821
-
86 695
-
unemployment
429
-
1 387
-
pensions
536
-
1 733
-
income
3 020
-
16 715
-
total
3 985
-
19 835
-
Employer
26 821
-
86 695
-
pensions
5 365
-
17 339
-
unemployment
215
-
694
-
health
3 486
-
11 271
-
total
9 066
-
29 304
-
Corporate
80 112
116 000
-
-
income
16 022
23 201
-
-
total
16 022
23 201
-
-
Dividends
64 090
92 799
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
29 073
23 201
49 139
53 824
After tax
86 927
92 799
66 861
62 176
Living cost
22 836
22 836
22 836
22 836
Free-cash
64 091
69 962
44 025
39 340

Estimated living cost  is ₽22836 per week

₽15663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1360
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.
₽5354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6144
-₽11803
₽39922
₽58293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
29 797
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
36 508
Employee
33 348
-
101 213
-
health
3 818
-
11 589
-
pensions
3 755
-
7 352
-
income
4 575
-
21 152
-
total
12 148
-
40 093
-
Employer
33 348
-
101 213
-
accident
557
-
1 690
-
pensions
5 423
-
10 616
-
unemployment
817
-
2 480
-
total
6 797
-
14 786
-
Corporate
75 856
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.

68 271
104 400
-
-
total
68 271
104 400
-
-
Dividends
7 586
11 600
-
-
withholding
1 441
2 204
-
-
total
1 441
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
88 657
106 604
54 879
36 508
After tax
27 343
9 396
61 121
79 492
Living cost
21 199
21 199
21 199
21 199
Free-cash
6 144
-11 803
39 922
58 293

Estimated living cost  is ₽21199 per week

₽15537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101072
₽102513
₽85113
₽107153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 608
-
116 000
-
income
1 921
-
23 200
-
total
1 921
-
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%.

106 392
116 000
-
-
total
-
-
-
-
Dividends
106 392
116 000
-
-
withholding
5 320
5 800
-
-
total
5 320
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
7 241
5 800
23 200
1 160
After tax
108 759
110 200
92 800
114 840
Living cost
7 687
7 687
7 687
7 687
Free-cash
101 072
102 513
85 113
107 153

Estimated living cost  is ₽7687 per week

₽4764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53646
₽60033
₽41764
₽36968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 510
income
-
-
-
15 385
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.

-
-
-
27 839
health
-
-
-
5 105
total
-
-
-
53 839
Employee
34 329
-
92 652
-
unemployment
343
-
926
-
health
481
-
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.

2 402
-
6 486
-
income
5 910
-
16 986
-
total
9 136
-
25 695
-
Employer
34 329
-
92 652
-
other
1 717
-
4 633
-
accident
275
-
741
-
pensions

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

5 837
-
15 751
-
unemployment
343
-
926
-
health
481
-
1 297
-
total
8 653
-
23 348
-
Corporate
73 019
116 000
-
-
income
15 333
24 360
-
-
total
15 333
24 360
-
-
Dividends
57 686
91 640
-
-
withholding
4 039
6 414
-
-
total
4 039
6 414
-
-
Income
116 000
116 000
116 000
116 000
Total tax
37 161
30 774
49 043
53 839
After tax
78 839
85 226
66 957
62 161
Living cost
25 193
25 193
25 193
25 193
Free-cash
53 646
60 033
41 764
36 968

Estimated living cost  is ₽25193 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12295
₽19100
₽7793
₽18552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 158
pensions
-
-
-
7 386
total
-
-
-
35 544
Employee
87 585
-
101 767
-
health
1 443
-
1 658
-
pensions
8 450
-
9 430
-
income
15 788
-
20 982
-
total
25 681
-
32 070
-
Employer
87 585
-
101 767
-
pensions
10 341
-
12 298
-
health
1 663
-
1 935
-
total
12 004
-
14 233
-
Corporate
16 410
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.

3 119
22 040
-
-
total
3 119
22 040
-
-
Dividends
13 292
93 960
-
-
withholding
997
12 956
-
-
total
997
12 956
-
-
Income
116 000
116 000
116 000
116 000
Total tax
41 801
34 996
46 303
35 544
After tax
74 199
81 004
69 697
80 456
Living cost
61 904
61 904
61 904
61 904
Free-cash
12 295
19 100
7 793
18 552

Estimated living cost  is ₽61904 per week

₽46386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽82391
₽86783
₽81390
₽77385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
17 400
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
26 218
Employee
16 415
-
109 520
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
health
755
-
1 519
-
pensions

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

1 441
-
2 900
-
income
1 641
-
10 952
-
total
4 018
-
15 734
-
Employer
16 415
-
109 520
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
pensions

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

1 809
-
3 639
-
unemployment
98
-
198
-
health
1 133
-
2 279
-
total
3 221
-
6 479
-
Corporate
96 364
116 000
-
-
income
9 636
11 600
-
-
total
9 636
11 600
-
-
Dividends
86 728
104 400
-
-
withholding
4 337
5 220
-
-
total
4 337
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
21 212
16 820
22 213
26 218
After tax
94 788
99 180
93 787
89 782
Living cost
12 397
12 397
12 397
12 397
Free-cash
82 391
86 783
81 390
77 385

Estimated living cost  is ₽12397 per week

₽7237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6628
₽4250
₽10429
₽14187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 649
pensions
-
-
-
11 077
health
-
-
-
11 659
total
-
-
-
49 385
Employee
87 657
80 739
98 715
-
health
10 936
10 541
11 565
-
pensions
11 077
11 077
11 077
-
income

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

13 216
13 216
13 216
-
total
35 229
34 834
35 858
-
Employer
87 657
80 739
98 715
-
pensions
6 100
5 619
6 870
-
unemployment
3 156
2 907
3 554
-
health
6 091
5 612
6 861
-
total
15 347
14 138
17 285
-
Corporate
12 996
21 123
-
-
income
2 600
4 225
-
-
total
2 600
4 225
-
-
Dividends
10 396
16 897
-
-
withholding
1 559
2 535
-
-
income
2 209
3 590
-
-
total
3 768
6 125
-
-
Income
116 000
116 000
116 000
116 000
Total tax
56 944
59 322
53 143
49 385
After tax
59 056
56 678
62 857
66 615
Living cost
52 428
52 428
52 428
52 428
Free-cash
6 628
4 250
10 429
14 187

Estimated living cost  is ₽52428 per week

₽38674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47929
₽56327
₽35326
₽32959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 872
income
-
-
-
9 970
health
-
-
-
15 660
solidarity contribution
-
-
-
-
total
-
-
-
59 502
Employee
34 617
-
86 567
-
solidarity contribution
-
-
-
-
health
4 673
-
11 687
-
social contributions
2 250
-
5 627
-
income
4 154
-
10 388
-
total
11 077
-
27 702
-
Employer
34 617
-
86 567
-
social contributions
8 654
-
21 642
-
health
3 116
-
7 791
-
total
11 770
-
29 433
-
Corporate
69 613
116 000
-
-
income
13 227
22 040
-
-
total
13 227
22 040
-
-
Dividends
56 387
93 960
-
-
withholding
8 458
14 094
-
-
total
8 458
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 532
36 134
57 135
59 502
After tax
71 468
79 866
58 865
56 498
Living cost
23 539
23 539
23 539
23 539
Free-cash
47 929
56 327
35 326
32 959

Estimated living cost  is ₽23539 per week

₽16351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1675
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.
₽5051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17059
₽21995
₽12604
₽18123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 317
social contributions
-
-
-
29 836
municipal
-
-
-
689
national
-
-
-
26 140
total
-
-
-
57 982
Employee
84 027
-
116 000
-
national
14 560
-
22 614
-
regional
793
-
1 157
-
municipal
445
-
615
-
social contributions
28 334
-
39 115
-
total
44 132
-
63 501
-
Employer
84 027
-
116 000
-
total
-
-
-
-
Corporate
31 973
116 000
-
-
nationa
7 674
27 841
-
-
municipal
1 247
4 523
-
-
total
8 921
32 364
-
-
Dividends
23 052
83 636
-
-
withholding
5 993
21 746
-
-
total
5 993
21 746
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 046
54 110
63 501
57 982
After tax
56 954
61 890
52 499
58 018
Living cost
39 895
39 895
39 895
39 895
Free-cash
17 059
21 995
12 604
18 123

Estimated living cost  is ₽39895 per week

₽27810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽612
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49160
₽52101
₽33572
₽35484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
24 679
pensions
-
-
-
23 201
health
-
-
-
8 235
surtax
-
-
-
3 323
total
-
-
-
59 653
Employee
31 266
-
95 826
-
surtax
102
-
3 021
-
unemployment
2 176
-
6 669
-
other
-
-
-
-
health
798
-
2 444
-
pensions
2 085
-
6 391
-
income
5 241
-
22 867
-
total
10 402
-
41 392
-
Employer
31 266
-
95 826
-
other
-
-
-
-
pensions
4 168
-
12 773
-
unemployment
990
-
3 038
-
health
1 423
-
4 362
-
total
6 581
-
20 173
-
Corporate
78 153
116 000
-
-
income
20 319
30 161
-
-
total
20 319
30 161
-
-
Dividends
57 834
85 839
-
-
withholding
8 675
12 875
-
-
total
8 675
12 875
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 977
43 036
61 565
59 653
After tax
70 023
72 964
54 435
56 347
Living cost
20 863
20 863
20 863
20 863
Free-cash
49 160
52 101
33 572
35 484

Estimated living cost  is ₽20863 per week

₽12757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37338
₽38713
₽27406
₽38165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 158
pensions
-
-
-
7 386
total
-
-
-
35 544
Employee
58 697
-
101 767
-
health
852
-
1 658
-
pensions
4 982
-
9 430
-
income
10 572
-
20 982
-
total
16 406
-
32 070
-
Employer
58 697
-
101 767
-
pensions
6 354
-
12 298
-
health
1 115
-
1 935
-
total
7 469
-
14 233
-
Corporate
49 834
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.

9 469
22 040
-
-
total
9 469
22 040
-
-
Dividends
40 365
93 960
-
-
withholding
3 027
12 956
-
-
total
3 027
12 956
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 371
34 996
46 303
35 544
After tax
79 629
81 004
69 697
80 456
Living cost
42 291
42 291
42 291
42 291
Free-cash
37 338
38 713
27 406
38 165

Estimated living cost  is ₽42291 per week

₽31684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽10382
-₽21522
₽15681
₽21438
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 319
city
-
-
-
1 222
regional
-
-
-
4 487
pensions
-
-
-
10 671
national
-
-
-
1 036
health
-
-
-
260
total
-
-
-
19 995
Employee
87 262
-
103 825
-
national
413
-
798
-
unemployment
-
-
-
-
city
937
-
1 115
-
regional
2 857
-
3 855
-
health
197
-
234
-
pensions
7 331
-
8 720
-
total
11 735
-
14 722
-
Employer
87 262
-
103 825
-
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.

1 745
-
2 076
-
pensions
7 331
-
8 720
-
unemployment
-
-
-
-
health
197
-
234
-
total
9 273
-
11 030
-
Corporate
18 505
116 000
-
-
regional
3 915
24 533
-
-
national
1 572
9 859
-
-
total
5 487
34 392
-
-
Dividends
13 018
81 608
-
-
withholding
4 556
28 563
-
-
total
4 556
28 563
-
-
Income
116 000
116 000
116 000
116 000
Total tax
31 051
62 955
25 752
19 995
After tax
84 949
53 045
90 248
96 005
Living cost
74 567
74 567
74 567
74 567
Free-cash
10 382
-21 522
15 681
21 438

Estimated living cost  is ₽74567 per week

₽48490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽915
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽29415
₽14086
₽34314
₽21959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 355
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.

-
-
-
30 252
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.

-
-
-
6 459
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.

-
-
-
1 663
total
-
-
-
50 729
Employee

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

56 821
-
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.

368
-
1 663
-
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.

6 459
-
6 459
-
income

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

6 682
-
30 252
-
total
13 509
-
38 374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 179
116 000
-
-
trade
10 150
19 894
-
-
income
8 878
17 400
-
-
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.

488
956
-
-
chamber of commerce
226
307
-
-
total
19 742
38 557
-
-
Dividends
39 438
77 443
-
-
withholding
9 500
19 001
-
-
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.

522
1 044
-
-
total
10 022
20 045
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 273
58 602
38 374
50 729
After tax
72 727
57 398
77 626
65 271
Living cost
43 312
43 312
43 312
43 312
Free-cash
29 415
14 086
34 314
21 959

Estimated living cost  is ₽43312 per week

₽31634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
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.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31700
₽26116
₽37026
₽33839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 596
social contributions
-
-
-
3 307
income
-
-
-
14 082
pensions
-
-
-
25 500
health
-
-
-
3 328
surtax
-
-
-
-
total
-
-
-
49 813
Employee
40 465
-
92 634
-
surtax
-
-
-
-
pensions
4 575
-
5 225
-
social contributions
1 154
-
2 639
-
income
2 388
-
15 397
-
total
8 117
-
23 261
-
Employer
40 465
-
92 634
-
other
1 396
-
3 195
-
pensions
6 648
-
9 011
-
unemployment
1 638
-
3 752
-
social contributions
122
-
278
-
health
2 833
-
7 129
-
total
12 637
-
23 365
-
Corporate
62 899
116 000
-
-
income
17 612
32 480
-
-
surtax
-
-
-
-
total
17 612
32 480
-
-
Dividends
45 287
83 520
-
-
withholding
5 797
10 690
-
-
social contributions
7 789
14 366
-
-
surtax
-
-
-
-
total
13 586
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 952
57 536
46 626
49 813
After tax
64 048
58 464
69 374
66 187
Living cost
32 348
32 348
32 348
32 348
Free-cash
31 700
26 116
37 026
33 839

Estimated living cost  is ₽32348 per week

₽20396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34571
₽29321
₽40231
₽37044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 596
social contributions
-
-
-
3 307
income
-
-
-
14 082
pensions
-
-
-
25 500
health
-
-
-
3 328
surtax
-
-
-
-
total
-
-
-
49 813
Employee
36 120
-
92 634
-
surtax
-
-
-
-
pensions
4 085
-
5 225
-
social contributions
1 030
-
2 639
-
income
1 862
-
15 397
-
total
6 977
-
23 261
-
Employer
36 120
-
92 634
-
other
1 247
-
3 195
-
pensions
5 935
-
9 011
-
unemployment
1 462
-
3 752
-
social contributions
108
-
278
-
health
2 528
-
7 129
-
total
11 280
-
23 365
-
Corporate
68 600
116 000
-
-
income
19 209
32 480
-
-
surtax
-
-
-
-
total
19 209
32 480
-
-
Dividends
49 391
83 520
-
-
withholding
6 323
10 690
-
-
social contributions
8 497
14 366
-
-
surtax
-
-
-
-
total
14 820
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 286
57 536
46 626
49 813
After tax
63 714
58 464
69 374
66 187
Living cost
29 143
29 143
29 143
29 143
Free-cash
34 571
29 321
40 231
37 044

Estimated living cost  is ₽29143 per week

₽16901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51213
₽50721
₽53539
₽54447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 008
income
-
-
-
17 400
health
-
-
-
8 097
total
-
-
-
41 505
Employee
32 057
-
116 000
-
health
2 237
-
8 097
-
social contributions
4 424
-
16 008
-
income
5 347
-
18 308
-
total
12 008
-
42 413
-
Employer
32 057
-
116 000
-
total
-
-
-
-
Corporate
83 943
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%.

4 197
5 801
-
-
total
4 197
5 801
-
-
Dividends
79 746
110 199
-
-
health
5 566
7 692
-
-
withholding
11 962
16 530
-
-
social contributions
11 006
15 208
-
-
total
28 534
39 430
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 739
45 231
42 413
41 505
After tax
71 261
70 769
73 587
74 495
Living cost
20 048
20 048
20 048
20 048
Free-cash
51 213
50 721
53 539
54 447

Estimated living cost  is ₽20048 per week

₽13417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1236
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.
₽4932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29887
₽31350
-₽886
₽24500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
465
unemployment
-
-
-
5 799
income
-
-
-
22 851
pensions
-
-
-
20 434
health
-
-
-
8 449
surtax
-
-
-
187
total
-
-
-
58 185
Employee
47 250
37 678
89 930
-
unemployment
1 417
1 130
2 698
-
other
472
377
899
-
health
1 828
1 459
3 481
-
pensions
4 839
3 858
9 210
-
income
5 379
2 779
19 627
-
total
13 935
9 603
35 915
-
Employer
47 250
37 678
89 930
-
payroll
1 417
1 130
2 698
-
other
2 245
1 789
4 272
-
accident
614
490
1 170
-
pensions
5 930
4 730
11 286
-
unemployment
1 417
1 130
2 698
-
chamber of commerce
188
151
359
-
surtax
187
187
187
-
health
1 785
1 425
3 400
-
total
13 783
11 032
26 070
-
Corporate
54 967
67 291
86 342
-
income

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

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

13 742
16 822
21 586
-
total
13 742
16 822
21 586
-
Dividends
41 225
50 469
-
-
withholding
11 338
13 878
-
-
total
11 338
13 878
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 798
51 335
83 571
58 185
After tax
63 202
64 665
32 429
57 815
Living cost
33 315
33 315
33 315
33 315
Free-cash
29 887
31 350
-886
24 500

Estimated living cost  is ₽33315 per week

₽22219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16327
₽30505
₽9187
₽17724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 500
national
-
-
-
39 454
communal

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

-
-
-
5 849
total
-
-
-
63 803
Employee

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

67 630
-
89 846
-
national
20 792
-
29 755
-
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.

588
-
782
-
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.

3 178
-
4 224
-
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.

5 072
-
6 739
-
communal

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

3 527
-
4 686
-
total
33 157
-
46 186
-
Employer

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

67 630
-
89 846
-
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.

879
-
1 168
-
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.

5 993
-
7 961
-
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.

987
-
1 312
-
surtax
7 668
-
10 187
-
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.

4 159
-
5 526
-
total
19 686
-
26 154
-
Corporate
28 684
116 000
-
-
income
5 736
23 201
-
-
surtax
115
465
-
-
total
5 851
23 666
-
-
Dividends
22 833
92 334
-
-
withholding

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

6 506
27 356
-
-
total
6 506
27 356
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 200
51 022
72 340
63 803
After tax
50 800
64 978
43 660
52 197
Living cost
34 473
34 473
34 473
34 473
Free-cash
16 327
30 505
9 187
17 724

Estimated living cost  is ₽34473 per week

₽22205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36433
₽43786
₽25540
₽30085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
25 480
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
51 770
Employee
47 063
-
88 062
-
unemployment
730
-
1 358
-
other
47
-
88
-
pensions
2 212
-
4 119
-
income
9 930
-
22 812
-
total
12 919
-
28 377
-
Employer
47 063
-
88 062
-
other
375
-
702
-
accident
931
-
1 735
-
pensions
11 106
-
20 682
-
unemployment
2 589
-
4 819
-
total
15 001
-
27 938
-
Corporate
53 936
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.

8 090
17 400
-
-
total
8 090
17 400
-
-
Dividends
45 846
98 600
-
-
withholding
9 412
20 669
-
-
total
9 412
20 669
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 422
38 069
56 315
51 770
After tax
70 578
77 931
59 685
64 230
Living cost
34 145
34 145
34 145
34 145
Free-cash
36 433
43 786
25 540
30 085

Estimated living cost  is ₽34145 per week

₽25144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9784
₽18734
₽16255
₽11627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 394
pensions
-
-
-
17 388
accident
-
-
-
978
communal
-
-
-
7 331
health
-
-
-
8 151
surtax
-
-
-
5 750
total
-
-
-
52 992
Employee
71 599
-
103 618
-
surtax
4 389
-
6 350
-
health
3 187
-
4 611
-
pensions
5 727
-
8 289
-
income
6 916
-
16 732
-
total
20 219
-
35 982
-
Employer
71 599
-
103 618
-
accident
644
-
933
-
pensions
5 727
-
8 289
-
health
2 184
-
3 160
-
total
8 555
-
12 382
-
Corporate
35 846
116 000
-
-
income
5 377
17 400
-
-
communal
2 420
7 830
-
-
surtax
377
1 218
-
-
total
8 174
26 448
-
-
Dividends
27 671
89 552
-
-
withholding
4 150
13 433
-
-
income
13 737
6 004
-
-
total
17 887
19 437
-
-
Income
116 000
116 000
116 000
116 000
Total tax
54 835
45 885
48 364
52 992
After tax
61 165
70 115
67 636
63 008
Living cost
51 381
51 381
51 381
51 381
Free-cash
9 784
18 734
16 255
11 627

Estimated living cost  is ₽51381 per week

₽38543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and 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 Luxembourg model

Close
Athens , Greece
₽48721
₽51728
₽33199
₽35111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
24 679
pensions
-
-
-
23 201
health
-
-
-
8 235
surtax
-
-
-
3 323
total
-
-
-
59 653
Employee
31 840
-
95 826
-
surtax
113
-
3 021
-
unemployment
2 216
-
6 669
-
other
-
-
-
-
health
813
-
2 444
-
pensions
2 124
-
6 391
-
income
5 338
-
22 867
-
total
10 604
-
41 392
-
Employer
31 840
-
95 826
-
other
-
-
-
-
pensions
4 245
-
12 773
-
unemployment
1 010
-
3 038
-
health
1 448
-
4 362
-
total
6 703
-
20 173
-
Corporate
77 457
116 000
-
-
income
20 138
30 161
-
-
total
20 138
30 161
-
-
Dividends
57 319
85 839
-
-
withholding
8 598
12 875
-
-
total
8 598
12 875
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 043
43 036
61 565
59 653
After tax
69 957
72 964
54 435
56 347
Living cost
21 236
21 236
21 236
21 236
Free-cash
48 721
51 728
33 199
35 111

Estimated living cost  is ₽21236 per week

₽12821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1846
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.
₽6077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33404
₽35502
₽26627
₽32118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 748
social contributions
-
-
-
29 836
municipal
-
-
-
689
national
-
-
-
26 140
total
-
-
-
58 413
Employee
52 446
-
116 000
-
national
8 309
-
22 614
-
regional
706
-
1 560
-
municipal
278
-
615
-
social contributions
17 685
-
39 115
-
total
26 978
-
63 904
-
Employer
52 446
-
116 000
-
total
-
-
-
-
Corporate
63 554
116 000
-
-
nationa
15 253
27 841
-
-
municipal
3 158
5 765
-
-
total
18 411
33 606
-
-
Dividends
45 143
82 395
-
-
withholding
11 738
21 423
-
-
total
11 738
21 423
-
-
Income
116 000
116 000
116 000
116 000
Total tax
57 127
55 029
63 904
58 413
After tax
58 873
60 971
52 096
57 587
Living cost
25 469
25 469
25 469
25 469
Free-cash
33 404
35 502
26 627
32 118

Estimated living cost  is ₽25469 per week

₽15839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2580
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40510
₽50859
₽29858
₽27491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 872
income
-
-
-
9 970
health
-
-
-
15 660
solidarity contribution
-
-
-
-
total
-
-
-
59 502
Employee
42 657
-
86 567
-
solidarity contribution
-
-
-
-
health
5 759
-
11 687
-
social contributions
2 773
-
5 627
-
income
5 119
-
10 388
-
total
13 651
-
27 702
-
Employer
42 657
-
86 567
-
social contributions
10 664
-
21 642
-
health
3 839
-
7 791
-
total
14 503
-
29 433
-
Corporate
58 840
116 000
-
-
income
11 180
22 040
-
-
total
11 180
22 040
-
-
Dividends
47 660
93 960
-
-
withholding
7 149
14 094
-
-
total
7 149
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 483
36 134
57 135
59 502
After tax
69 517
79 866
58 865
56 498
Living cost
29 007
29 007
29 007
29 007
Free-cash
40 510
50 859
29 858
27 491

Estimated living cost  is ₽29007 per week

₽21571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽502
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34132
₽34601
₽2300
₽27838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
465
unemployment
-
-
-
5 799
income
-
-
-
22 851
pensions
-
-
-
20 434
health
-
-
-
8 449
surtax
-
-
-
-
total
-
-
-
57 998
Employee
41 329
37 678
90 074
-
unemployment
1 240
1 130
2 702
-
other
413
377
901
-
health
1 599
1 459
3 486
-
pensions
4 233
3 858
9 224
-
income
3 682
2 779
19 677
-
total
11 167
9 603
35 990
-
Employer
41 329
37 678
90 074
-
payroll
1 240
1 130
2 702
-
other
1 963
1 789
4 279
-
accident
536
490
1 172
-
pensions
5 187
4 730
11 303
-
unemployment
1 240
1 130
2 702
-
chamber of commerce
165
151
361
-
surtax
-
-
-
-
health
1 563
1 425
3 405
-
total
11 894
10 845
25 924
-
Corporate
62 777
67 478
86 487
-
income

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

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

15 694
16 869
21 622
-
total
15 694
16 869
21 622
-
Dividends
47 083
50 609
-
-
withholding
12 949
13 918
-
-
total
12 949
13 918
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 704
51 235
83 536
57 998
After tax
64 296
64 765
32 464
58 002
Living cost
30 164
30 164
30 164
30 164
Free-cash
34 132
34 601
2 300
27 838

Estimated living cost  is ₽30164 per week

₽18095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3081
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95975
₽98221
₽80821
₽102861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 974
-
116 000
-
income
2 995
-
23 200
-
total
2 995
-
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%.

101 026
116 000
-
-
total
-
-
-
-
Dividends
101 026
116 000
-
-
withholding
5 051
5 800
-
-
total
5 051
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
8 046
5 800
23 200
1 160
After tax
107 954
110 200
92 800
114 840
Living cost
11 979
11 979
11 979
11 979
Free-cash
95 975
98 221
80 821
102 861

Estimated living cost  is ₽11979 per week

₽8106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46598
₽54507
₽30390
₽33716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
174
income
-
-
-
24 151
pensions
-
-
-
21 184
health
-
-
-
11 415
total
-
-
-
56 924
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.

41 809
-
100 371
-
unemployment
59
-
140
-
health
2 700
-
6 484
-
pensions
6 481
-
15 558
-
income
7 210
-
22 439
-
total
16 450
-
44 621
-
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.

41 809
-
100 371
-
pensions
3 700
-
8 883
-
unemployment
25
-
61
-
health
2 785
-
6 685
-
total
6 510
-
15 629
-
Corporate
67 682
116 000
-
-
income
12 859
22 040
-
-
total
12 859
22 040
-
-
Dividends
54 823
93 960
-
-
withholding
8 223
14 093
-
-
total
8 223
14 093
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 042
36 133
60 250
56 924
After tax
71 958
79 867
55 750
59 076
Living cost
25 360
25 360
25 360
25 360
Free-cash
46 598
54 507
30 390
33 716

Estimated living cost  is ₽25360 per week

₽17404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽23258
₽30275
₽63414
₽39866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 224
income
-
-
-
22 611
total
-
-
-
35 835
Employee
57 784
-
-
-
social contributions
4 738
-
675
-
income
12 746
-
-
-
total
17 484
-
675
-
Employer
57 784
-
-
-
social contributions
81 475
-
11 612
-
total
81 475
-
11 612
-
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
98 959
45 426
12 287
35 835
After tax
17 041
70 574
103 713
80 165
Living cost
40 299
40 299
40 299
40 299
Free-cash
-23 258
30 275
63 414
39 866

Estimated living cost  is ₽40299 per week

₽26148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3790
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35373
₽36325
₽26916
₽34157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
40 310
income
-
-
-
11 877
surtax
-
-
-
-
total
-
-
-
52 187
Employee
43 484
-
93 738
-
surtax
-
-
-
-
social contributions
4 783
-
10 311
-
income
9 045
-
26 855
-
total
13 828
-
37 166
-
Employer
43 484
-
93 738
-
social contributions
10 327
-
22 262
-
total
10 327
-
22 262
-
Corporate
62 188
116 000
-
-
income
13 060
24 360
-
-
surtax
-
-
-
-
total
13 060
24 360
-
-
Dividends
49 128
91 640
-
-
withholding
13 756
25 659
-
-
total
13 756
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 971
50 019
59 428
52 187
After tax
65 029
65 981
56 572
63 813
Living cost
29 656
29 656
29 656
29 656
Free-cash
35 373
36 325
26 916
34 157

Estimated living cost  is ₽29656 per week

₽22189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19296
₽12799
₽23709
₽20522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 596
social contributions
-
-
-
3 307
income
-
-
-
14 082
pensions
-
-
-
25 500
health
-
-
-
3 328
surtax
-
-
-
-
total
-
-
-
49 813
Employee
59 216
-
92 634
-
surtax
-
-
-
-
pensions
6 698
-
5 225
-
social contributions
1 687
-
2 639
-
income
5 167
-
15 397
-
total
13 552
-
23 261
-
Employer
59 216
-
92 634
-
other
2 044
-
3 195
-
pensions
9 730
-
9 011
-
unemployment
2 399
-
3 752
-
social contributions
178
-
278
-
health
4 145
-
7 129
-
total
18 496
-
23 365
-
Corporate
38 289
116 000
-
-
income
10 720
32 480
-
-
surtax
-
-
-
-
total
10 720
32 480
-
-
Dividends
27 569
83 520
-
-
withholding
3 529
10 690
-
-
social contributions
4 742
14 366
-
-
surtax
-
-
-
-
total
8 271
25 056
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 039
57 536
46 626
49 813
After tax
64 961
58 464
69 374
66 187
Living cost
45 665
45 665
45 665
45 665
Free-cash
19 296
12 799
23 709
20 522

Estimated living cost  is ₽45665 per week

₽30905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72803
₽75980
₽61838
₽58754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 307
social contributions
-
-
-
25 519
total
-
-
-
28 826
Employee
30 396
-
100 434
-
social contributions
1 975
-
6 527
-
income
-
-
3 649
-
total
1 975
-
10 176
-
Employer
30 396
-
100 434
-
social contributions
4 712
-
15 566
-
total
4 712
-
15 566
-
Corporate
80 893
116 000
-
-
income
8 090
11 600
-
-
total
8 090
11 600
-
-
Dividends
72 803
104 400
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
14 777
11 600
25 742
28 826
After tax
101 223
104 400
90 258
87 174
Living cost
28 420
28 420
28 420
28 420
Free-cash
72 803
75 980
61 838
58 754

Estimated living cost  is ₽28420 per week

₽18376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽89691
-₽89691
-₽89691
₽25199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
818
municipal
-
-
-
22 670
labour market
-
-
-
9 215
national
-
-
-
12 632
total
-
-
-
45 335
Employee
191 903
191 903
191 903
-
national
23 444
23 444
23 444
-
municipal
40 865
40 865
40 865
-
labour market
15 330
15 330
15 330
-
pensions
273
273
273
-
total
79 912
79 912
79 912
-
Employer
191 903
191 903
191 903
-
municipal
40 930
40 930
40 930
-
pensions
546
546
546
-
national
23 485
23 485
23 485
-
labour market
15 352
15 352
15 352
-
total
80 313
80 313
80 313
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
160 225
160 225
160 225
45 335
After tax
-44 225
-44 225
-44 225
70 665
Living cost
45 466
45 466
45 466
45 466
Free-cash
-89 691
-89 691
-89 691
25 199

Estimated living cost  is ₽45466 per week

₽31118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽699
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6193
-₽11491
₽40234
₽58606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
29 797
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
36 508
Employee
32 856
-
101 213
-
health
3 762
-
11 589
-
pensions
3 700
-
7 352
-
income
4 507
-
21 152
-
total
11 969
-
40 093
-
Employer
32 856
-
101 213
-
accident
549
-
1 690
-
pensions
5 342
-
10 616
-
unemployment
805
-
2 480
-
total
6 696
-
14 786
-
Corporate
76 448
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.

68 803
104 400
-
-
total
68 803
104 400
-
-
Dividends
7 645
11 600
-
-
withholding
1 453
2 204
-
-
total
1 453
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
88 921
106 604
54 879
36 508
After tax
27 079
9 396
61 121
79 492
Living cost
20 886
20 886
20 886
20 886
Free-cash
6 193
-11 491
40 234
58 606

Estimated living cost  is ₽20886 per week

₽15203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39205
₽39190
₽27766
₽43670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
20 630
national
-
-
-
14 009
health
-
-
-
1 392
total
-
-
-
36 031
Employee
49 743
-
97 584
-
national
822
-
8 445
-
unemployment
746
-
1 464
-
health
371
-
1 109
-
municipal
8 147
-
15 916
-
pensions
3 357
-
6 587
-
total
13 443
-
33 521
-
Employer
49 743
-
97 584
-
accident
50
-
97
-
pensions
8 630
-
16 930
-
unemployment
323
-
635
-
health
382
-
752
-
total
9 385
-
18 414
-
Corporate
56 872
116 000
-
-
income
11 373
23 201
-
-
total
11 373
23 201
-
-
Dividends

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

34 124
69 599
-
-
municipal
6 142
12 527
-
-
national
153
4 783
-
-
total
6 295
17 310
-
-
Income
116 000
116 000
116 000
116 000
Total tax
40 496
40 511
51 935
36 031
After tax
75 504
75 489
64 065
79 969
Living cost
36 299
36 299
36 299
36 299
Free-cash
39 205
39 190
27 766
43 670

Estimated living cost  is ₽36299 per week

₽23710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57752
₽62898
₽58186
₽59432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
income
-
-
-
16 422
health
-
-
-
2 959
total
-
-
-
34 678
Employee
72 702
72 702
105 902
-
health
563
1 236
1 800
-
social contributions
2 749
6 034
8 138
-
income
7 916
6 730
15 889
-
total
11 228
14 000
25 827
-
Employer
72 702
72 702
105 902
-
social contributions
2 749
6 034
8 138
-
health
612
1 346
1 959
-
total
3 361
7 380
10 097
-
Corporate
79 521
35 919
-
-
income
9 940
4 489
-
-
total
9 940
4 489
-
-
Dividends
69 581
31 429
-
-
withholding
11 829
5 343
-
-
total
11 829
5 343
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 358
31 212
35 924
34 678
After tax
79 642
84 788
80 076
81 322
Living cost
21 890
21 890
21 890
21 890
Free-cash
57 752
62 898
58 186
59 432

Estimated living cost  is ₽21890 per week

₽13119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2148
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.
₽6140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76239
₽81049
₽61176
₽80142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
27
income
-
-
-
11 384
pensions
-
-
-
6 014
health
-
-
-
3 422
total
-
-
-
20 847
Employee

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

21 702
-
106 760
-
unemployment
108
-
449
-
health
1 844
-
7 625
-
pensions
3 255
-
13 457
-
income
1 484
-
9 041
-
total
6 691
-
30 572
-
Employer

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

21 702
-
106 760
-
pensions
1 193
-
4 934
-
unemployment
108
-
449
-
health
933
-
3 858
-
total
2 234
-
9 241
-
Corporate
92 065
116 000
-
-
income
8 286
10 440
-
-
total
8 286
10 440
-
-
Dividends
83 779
105 560
-
-
withholding
7 539
9 500
-
-
total
7 539
9 500
-
-
Income
116 000
116 000
116 000
116 000
Total tax
24 750
19 940
39 813
20 847
After tax
91 250
96 060
76 187
95 153
Living cost
15 011
15 011
15 011
15 011
Free-cash
76 239
81 049
61 176
80 142

Estimated living cost  is ₽15011 per week

₽9577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1082
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47150
₽51932
₽33686
₽38231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
25 480
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
51 770
Employee
34 959
-
88 062
-
unemployment
542
-
1 358
-
other
34
-
88
-
pensions
1 643
-
4 119
-
income
6 740
-
22 812
-
total
8 959
-
28 377
-
Employer
34 959
-
88 062
-
other
280
-
702
-
accident
693
-
1 735
-
pensions
8 250
-
20 682
-
unemployment
1 923
-
4 819
-
total
11 146
-
27 938
-
Corporate
69 895
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.

10 484
17 400
-
-
total
10 484
17 400
-
-
Dividends
59 411
98 600
-
-
withholding
12 262
20 669
-
-
total
12 262
20 669
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 851
38 069
56 315
51 770
After tax
73 149
77 931
59 685
64 230
Living cost
25 999
25 999
25 999
25 999
Free-cash
47 150
51 932
33 686
38 231

Estimated living cost  is ₽25999 per week

₽17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70293
₽70587
₽72418
₽72548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 394
pensions
-
-
-
1 311
health
-
-
-
950
total
-
-
-
41 655
Employee
2 737
-
114 526
-
unemployment
27
-
66
-
health
137
-
328
-
pensions
246
-
590
-
income
529
-
39 326
-
total
939
-
40 310
-
Employer
2 737
-
114 526
-
pensions
301
-
721
-
unemployment
55
-
131
-
health
260
-
623
-
total
616
-
1 475
-
Corporate
112 648
116 000
-
-
income
24 782
25 520
-
-
total
24 782
25 520
-
-
Dividends
87 865
90 480
-
-
withholding
17 573
18 096
-
-
total
17 573
18 096
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 910
43 616
41 785
41 655
After tax
72 090
72 384
74 215
74 345
Living cost
1 797
1 797
1 797
1 797
Free-cash
70 293
70 587
72 418
72 548

Estimated living cost  is ₽1797 per week

₽1068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽146
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62841
₽67487
₽48254
₽48253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 046
income
-
-
-
25 057
pensions
-
-
-
18 136
health
-
-
-
7 185
total
-
-
-
51 424
Employee

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

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

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

24 614
-
103 514
-
unemployment
185
-
523
-
health
1 268
-
3 592
-
pensions
3 446
-
9 766
-
income
3 393
-
25 057
-
total
8 292
-
38 938
-
Employer

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

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

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

24 614
-
103 514
-
pensions
2 954
-
8 370
-
unemployment
185
-
523
-
health
1 268
-
3 592
-
total
4 407
-
12 485
-
Corporate
86 980
116 000
-
-
income
13 047
17 400
-
-
total
13 047
17 400
-
-
Dividends
73 933
98 600
-
-
withholding
11 090
14 790
-
-
total
11 090
14 790
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 836
32 190
51 423
51 424
After tax
79 164
83 810
64 577
64 576
Living cost
16 323
16 323
16 323
16 323
Free-cash
62 841
67 487
48 254
48 253

Estimated living cost  is ₽16323 per week

₽10990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40151
₽40492
₽31083
₽38324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
40 310
income
-
-
-
11 877
surtax
-
-
-
-
total
-
-
-
52 187
Employee
36 696
-
93 738
-
surtax
-
-
-
-
social contributions
4 037
-
10 311
-
income
7 170
-
26 855
-
total
11 207
-
37 166
-
Employer
36 696
-
93 738
-
social contributions
8 714
-
22 262
-
total
8 714
-
22 262
-
Corporate
70 590
116 000
-
-
income
14 824
24 360
-
-
surtax
-
-
-
-
total
14 824
24 360
-
-
Dividends
55 766
91 640
-
-
withholding
15 615
25 659
-
-
total
15 615
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 360
50 019
59 428
52 187
After tax
65 640
65 981
56 572
63 813
Living cost
25 489
25 489
25 489
25 489
Free-cash
40 151
40 492
31 083
38 324

Estimated living cost  is ₽25489 per week

₽18053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37672
₽44703
₽26457
₽31002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
25 480
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
51 770
Employee
45 662
-
88 062
-
unemployment
707
-
1 358
-
other
45
-
88
-
pensions
2 146
-
4 119
-
income
9 537
-
22 812
-
total
12 435
-
28 377
-
Employer
45 662
-
88 062
-
other
366
-
702
-
accident
904
-
1 735
-
pensions
10 776
-
20 682
-
unemployment
2 512
-
4 819
-
total
14 558
-
27 938
-
Corporate
55 780
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.

8 366
17 400
-
-
total
8 366
17 400
-
-
Dividends
47 414
98 600
-
-
withholding
9 741
20 669
-
-
total
9 741
20 669
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 100
38 069
56 315
51 770
After tax
70 900
77 931
59 685
64 230
Living cost
33 228
33 228
33 228
33 228
Free-cash
37 672
44 703
26 457
31 002

Estimated living cost  is ₽33228 per week

₽23863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77154
₽82915
₽77522
₽73517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
17 400
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
26 218
Employee
21 537
-
109 520
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
health
991
-
1 519
-
pensions

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

1 891
-
2 900
-
income
2 154
-
10 952
-
total
5 273
-
15 734
-
Employer
21 537
-
109 520
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
pensions

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

2 373
-
3 639
-
unemployment
129
-
198
-
health
1 486
-
2 279
-
total
4 225
-
6 479
-
Corporate
90 238
116 000
-
-
income
9 023
11 600
-
-
total
9 023
11 600
-
-
Dividends
81 214
104 400
-
-
withholding
4 060
5 220
-
-
total
4 060
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
22 581
16 820
22 213
26 218
After tax
93 419
99 180
93 787
89 782
Living cost
16 265
16 265
16 265
16 265
Free-cash
77 154
82 915
77 522
73 517

Estimated living cost  is ₽16265 per week

₽10757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35649
₽23280
₽41124
₽30786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 338
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.

-
-
-
30 252
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.

-
-
-
6 459
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.

-
-
-
1 663
total
-
-
-
48 712
Employee

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

47 043
-
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.

214
-
1 663
-
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.

6 459
-
6 459
-
income

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

3 868
-
30 252
-
total
10 541
-
38 374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 957
116 000
-
-
trade
9 895
16 647
-
-
income
10 344
17 400
-
-
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.

569
956
-
-
chamber of commerce
244
314
-
-
total
21 052
35 317
-
-
Dividends
47 906
80 683
-
-
withholding
11 617
19 812
-
-
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.

639
1 089
-
-
total
12 256
20 901
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 849
56 218
38 374
48 712
After tax
72 151
59 782
77 626
67 288
Living cost
36 502
36 502
36 502
36 502
Free-cash
35 649
23 280
41 124
30 786

Estimated living cost  is ₽36502 per week

₽25180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29430
₽27341
₽20602
₽20602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 768
income
-
-
-
30 772
total
-
-
-
41 540
Employee
73 957
-
116 000
-
social contributions
6 144
-
10 768
-
income
13 955
-
30 772
-
total
20 099
-
41 540
-
Employer
73 957
-
116 000
-
total
-
-
-
-
Corporate
42 043
116 000
-
-
income
5 255
14 501
-
-
total
5 255
14 501
-
-
Dividends
36 788
101 499
-
-
withholding
7 358
20 300
-
-
total
7 358
20 300
-
-
Income
116 000
116 000
116 000
116 000
Total tax
32 712
34 801
41 540
41 540
After tax
83 288
81 199
74 460
74 460
Living cost
53 858
53 858
53 858
53 858
Free-cash
29 430
27 341
20 602
20 602

Estimated living cost  is ₽53858 per week

₽40974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7981
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39387
₽36085
₽51207
₽49019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
5 747
income
-
-
-
26 913
total
-
-
-
32 660
Employee
43 372
-
111 651
-
social contributions
4 346
-
4 349
-
income
4 706
-
21 774
-
total
9 052
-
26 123
-
Employer
43 372
-
111 651
-
social contributions
4 346
-
4 349
-
total
4 346
-
4 349
-
Corporate
68 282
116 000
-
-
income
23 899
40 599
-
-
total
23 899
40 599
-
-
Dividends
44 383
75 401
-
-
social contributions
4 995
4 995
-
-
total
4 995
4 995
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 292
45 594
30 472
32 660
After tax
73 708
70 406
85 528
83 340
Living cost
34 321
34 321
34 321
34 321
Free-cash
39 387
36 085
51 207
49 019

Estimated living cost  is ₽34321 per week

₽22607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47309
₽46623
₽35316
₽46075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 158
pensions
-
-
-
7 386
total
-
-
-
35 544
Employee
47 193
-
101 767
-
health
616
-
1 658
-
pensions
3 602
-
9 430
-
income
8 594
-
20 982
-
total
12 812
-
32 070
-
Employer
47 193
-
101 767
-
pensions
4 768
-
12 298
-
health
897
-
1 935
-
total
5 665
-
14 233
-
Corporate
63 142
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.

11 997
22 040
-
-
total
11 997
22 040
-
-
Dividends
51 145
93 960
-
-
withholding
3 836
12 956
-
-
total
3 836
12 956
-
-
Income
116 000
116 000
116 000
116 000
Total tax
34 310
34 996
46 303
35 544
After tax
81 690
81 004
69 697
80 456
Living cost
34 381
34 381
34 381
34 381
Free-cash
47 309
46 623
35 316
46 075

Estimated living cost  is ₽34381 per week

₽23585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽5875
-₽13558
₽38167
₽56538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
29 797
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
36 508
Employee
36 108
-
101 213
-
health
4 134
-
11 589
-
pensions
4 066
-
7 352
-
income
4 954
-
21 152
-
total
13 154
-
40 093
-
Employer
36 108
-
101 213
-
accident
603
-
1 690
-
pensions
5 871
-
10 616
-
unemployment
885
-
2 480
-
total
7 359
-
14 786
-
Corporate
72 533
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.

65 280
104 400
-
-
total
65 280
104 400
-
-
Dividends
7 253
11 600
-
-
withholding
1 378
2 204
-
-
total
1 378
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
87 171
106 604
54 879
36 508
After tax
28 829
9 396
61 121
79 492
Living cost
22 954
22 954
22 954
22 954
Free-cash
5 875
-13 558
38 167
56 538

Estimated living cost  is ₽22954 per week

₽16846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80421
₽84844
₽64081
₽52969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 392
income
-
-
-
18 361
pensions
-
-
-
21 344
health insurance
-
-
-
8 584
work injury
-
-
-
580
total
-
-
-
50 261
Employee

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

20 432
-
116 000
-
health insurance
1 512
-
5 594
-
unemployment
245
-
907
-
work injury
102
-
378
-
pensions
3 759
-
13 909
-
income
2 043
-
18 361
-
total
7 661
-
39 149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
95 568
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%.

956
1 160
-
-
total
956
1 160
-
-
Dividends
94 613
114 840
-
-
withholding
14 192
17 226
-
-
total
14 192
17 226
-
-
Income
116 000
116 000
116 000
116 000
Total tax
22 809
18 386
39 149
50 261
After tax
93 191
97 614
76 851
65 739
Living cost
12 770
12 770
12 770
12 770
Free-cash
80 421
84 844
64 081
52 969

Estimated living cost  is ₽12770 per week

₽7911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽19134
₽23435
₽13763
₽19070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 514
social contributions
-
-
-
29 836
municipal
-
-
-
775
national
-
-
-
26 140
total
-
-
-
59 265
Employee
79 671
-
116 000
-
national
13 464
-
22 614
-
regional
1 203
-
2 150
-
municipal
475
-
693
-
social contributions
26 865
-
39 115
-
total
42 007
-
64 572
-
Employer
79 671
-
116 000
-
total
-
-
-
-
Corporate
36 329
116 000
-
-
nationa
8 720
27 841
-
-
municipal
1 751
5 591
-
-
total
10 471
33 432
-
-
Dividends
25 858
82 569
-
-
withholding
6 723
21 468
-
-
total
6 723
21 468
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 201
54 900
64 572
59 265
After tax
56 799
61 100
51 428
56 735
Living cost
37 665
37 665
37 665
37 665
Free-cash
19 134
23 435
13 763
19 070

Estimated living cost  is ₽37665 per week

₽26457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2591
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.
₽8047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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