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
₽30166
₽49105
₽37706
₽40547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 000
income

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

-
-
-
30 393
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.

-
-
-
1 672
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.

-
-
-
6 410
trade
-
-
-
11 399
total
-
-
-
49 874
Employee

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

35 888
-
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.

55
-
1 672
-
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.

1 002
-
30 393
-
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.

6 410
-
6 410
-
total
7 467
-
38 475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 112
116 000
-
-
income
12 017
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.

661
956
-
-
chamber of commerce
258
310
-
-
trade
12 617
18 271
-
-
total
25 553
36 937
-
-
Dividends
54 558
79 063
-
-
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.

730
1 068
-
-
withholding
13 283
19 409
-
-
total
14 013
20 477
-
-
Income
116 000
116 000
116 000
116 000
Total tax
47 033
57 414
38 475
49 874
After tax
68 967
58 586
77 525
66 126
Living cost
28 420
28 420
28 420
28 420
Free-cash
40 547
30 166
49 105
37 706

Estimated living cost  is ₽28420 per week

₽17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3314
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22428
₽20428
₽19517
₽21598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
1 247
municipal
-
-
-
12 300
national
-
-
-
19 060
pensions
-
-
-
13 920
total
-
-
-
46 527
Employee
77 442
-
100 281
-
municipal
9 565
-
12 749
-
pensions
3 098
-
4 011
-
national
14 822
-
19 756
-
total
27 485
-
36 516
-
Employer
77 442
-
100 281
-
pensions
6 195
-
8 022
-
social contributions
832
-
1 078
-
total
7 027
-
9 100
-
Corporate
26 419
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%.

5 284
23 200
-
-
total
5 284
23 200
-
-
Dividends
21 136
92 800
-
-
withholding
4 650
20 416
-
-
total
4 650
20 416
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 446
43 616
45 616
46 527
After tax
71 554
72 384
70 384
69 473
Living cost
49 956
49 956
49 956
49 956
Free-cash
21 598
22 428
20 428
19 517

Estimated living cost  is ₽49956 per week

₽33955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73279
₽45610
₽13606
₽65582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
116 000
income
-
-
-
17 343
surtax
-
-
-
29 579
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.

-
-
-
35 951
microenterprise
-
-
-
-
total
-
-
-
82 873
Employee
27 418
-
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.

3 016
-
10 283
-
income
4 881
-
18 067
-
total
7 897
-
28 350
-
Employer
27 418
-
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.

6 604
-
22 519
-
surtax
-
-
-
-
total
6 604
-
22 519
-
Corporate
81 978
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%.

16 396
23 200
-
-
total
16 396
23 200
-
-
Dividends

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

65 582
92 800
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
30 897
23 200
50 869
82 873
After tax
85 103
92 800
65 131
33 127
Living cost
19 521
19 521
19 521
19 521
Free-cash
65 582
73 279
45 610
13 606

Estimated living cost  is ₽19521 per week

₽12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17389
₽23777
₽27348
₽11639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 782
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
49 345
Employee
80 127
80 127
98 714
-
pensions
14 423
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
12 299
10 461
11 521
-
total
39 838
34 570
35 630
-
Employer
80 127
80 127
98 714
-
health
5 570
5 570
6 861
-
pensions
5 577
5 577
6 871
-
unemployment
2 885
2 885
3 554
-
total
14 032
14 032
17 286
-
Corporate
22 824
21 841
-
-
income
4 565
4 368
-
-
total
4 565
4 368
-
-
Dividends
18 259
17 474
-
-
income
3 880
3 713
-
-
withholding
2 739
2 621
-
-
total
6 619
6 334
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 054
59 304
52 916
49 345
After tax
50 946
56 696
63 084
66 655
Living cost
39 307
39 307
39 307
39 307
Free-cash
11 639
17 389
23 777
27 348

Estimated living cost  is ₽39307 per week

₽27856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25852
₽23286
₽24296
₽25010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
164
other
-
-
-
9 546
unemployment
-
-
-
82
health
-
-
-
5 126
municipal
-
-
-
27 494
national
-
-
-
2 927
pensions
-
-
-
8 881
total
-
-
-
54 220
Employee
53 411
-
90 188
-
municipal
15 927
-
26 894
-
national
-
-
2 524
-
total
15 927
-
29 418
-
Employer
53 411
-
90 188
-
health
3 285
-
5 052
-
pensions
5 774
-
8 881
-
accident
107
-
164
-
unemployment
1 410
-
2 169
-
other
6 206
-
9 546
-
total
16 782
-
25 812
-
Corporate
45 807
116 000
-
-
income
10 078
25 520
-
-
total
10 078
25 520
-
-
Dividends
35 729
90 480
-
-
withholding
10 719
27 144
-
-
total
10 719
27 144
-
-
Income
116 000
116 000
116 000
116 000
Total tax
53 506
52 664
55 230
54 220
After tax
62 494
63 336
60 770
61 780
Living cost
37 484
37 484
37 484
37 484
Free-cash
25 010
25 852
23 286
24 296

Estimated living cost  is ₽37484 per week

₽24843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽8394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21129
₽40664
₽28759
₽34314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 000
income

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

-
-
-
30 393
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.

-
-
-
1 672
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.

-
-
-
6 410
trade
-
-
-
11 905
total
-
-
-
50 380
Employee

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

47 583
-
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.

224
-
1 672
-
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.

4 088
-
30 393
-
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.

6 410
-
6 410
-
total
10 722
-
38 475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 417
116 000
-
-
income
10 262
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.

564
956
-
-
chamber of commerce
240
308
-
-
trade
11 255
19 083
-
-
total
22 321
37 747
-
-
Dividends
46 095
78 253
-
-
surtax

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

614
1 056
-
-
withholding
11 168
19 207
-
-
total
11 782
20 263
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 825
58 010
38 475
50 380
After tax
71 175
57 990
77 525
65 620
Living cost
36 860
36 860
36 860
36 860
Free-cash
34 314
21 129
40 664
28 759

Estimated living cost  is ₽36860 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54351
₽49628
₽50871
₽50459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 556
social contributions
-
-
-
15 181
health
-
-
-
2 958
total
-
-
-
34 695
Employee
72 151
72 151
105 963
-
social contributions
3 506
5 988
8 077
-
income
7 576
6 679
16 022
-
health
718
1 227
1 802
-
total
11 800
13 894
25 901
-
Employer
72 151
72 151
105 963
-
health
782
1 335
1 960
-
social contributions
3 506
5 988
8 077
-
total
4 288
7 323
10 037
-
Corporate
69 478
36 525
-
-
income
8 684
4 565
-
-
total
8 684
4 565
-
-
Dividends
60 794
31 960
-
-
withholding
10 335
5 433
-
-
total
10 335
5 433
-
-
Income
116 000
116 000
116 000
116 000
Total tax
35 107
31 215
35 938
34 695
After tax
80 893
84 785
80 062
81 305
Living cost
30 434
30 434
30 434
30 434
Free-cash
50 459
54 351
49 628
50 871

Estimated living cost  is ₽30434 per week

₽20805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48445
₽50429
₽63542
₽48794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

24 275
9 661
97 071
-
unemployment
364
145
1 456
-
pensions
2 428
966
9 707
-
income
2 968
1 181
11 867
-
health
1 699
676
6 795
-
total
7 459
2 968
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.

24 275
9 661
97 071
-
pensions
4 734
1 884
18 929
-
total
4 734
1 884
18 929
-
Corporate
86 991
104 455
-
-
income
7 829
9 401
-
-
total
7 829
9 401
-
-
Dividends
79 162
95 054
-
-
social contributions
15 326
18 425
-
-
withholding
15 041
18 060
-
-
total
30 367
36 485
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 389
50 738
48 754
35 641
After tax
65 611
65 262
67 246
80 359
Living cost
16 817
16 817
16 817
16 817
Free-cash
48 794
48 445
50 429
63 542

Estimated living cost  is ₽16817 per week

₽11476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70136
₽44200
₽39511
₽64306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
15 545
health
-
-
-
15 080
pensions
-
-
-
23 200
total
-
-
-
53 825
Employee
26 618
-
86 693
-
unemployment
426
-
1 387
-
pensions
532
-
1 734
-
income
2 997
-
16 715
-
total
3 955
-
19 836
-
Employer
26 618
-
86 693
-
health
3 460
-
11 269
-
pensions
5 324
-
17 338
-
unemployment
214
-
693
-
total
8 998
-
29 300
-
Corporate
80 384
116 000
-
-
income
16 077
23 200
-
-
total
16 077
23 200
-
-
Dividends
64 307
92 800
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
29 030
23 200
49 136
53 825
After tax
86 970
92 800
66 864
62 175
Living cost
22 664
22 664
22 664
22 664
Free-cash
64 306
70 136
44 200
39 511

Estimated living cost  is ₽22664 per week

₽15545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
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.
₽5313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11552
₽40244
₽58536
₽6183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
240
income
-
-
-
29 884
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 516
Employee
32 952
-
101 335
-
pensions
3 710
-
7 264
-
income
4 521
-
21 276
-
health
3 773
-
11 603
-
total
12 004
-
40 143
-
Employer
32 952
-
101 335
-
pensions
5 358
-
10 490
-
accident
550
-
1 692
-
unemployment
807
-
2 483
-
total
6 715
-
14 665
-
Corporate
76 332
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.

68 699
104 400
-
-
total
68 699
104 400
-
-
Dividends
7 633
11 600
-
-
withholding
1 451
2 204
-
-
total
1 451
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
88 869
106 604
54 808
36 516
After tax
27 131
9 396
61 192
79 484
Living cost
20 948
20 948
20 948
20 948
Free-cash
6 183
-11 552
40 244
58 536

Estimated living cost  is ₽20948 per week

₽15353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102639
₽85239
₽107279
₽101222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 450
-
116 000
-
income
1 890
-
23 200
-
total
1 890
-
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%.

106 550
116 000
-
-
total
-
-
-
-
Dividends
106 550
116 000
-
-
withholding
5 327
5 800
-
-
total
5 327
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
7 217
5 800
23 200
1 160
After tax
108 783
110 200
92 800
114 840
Living cost
7 561
7 561
7 561
7 561
Free-cash
101 222
102 639
85 239
107 279

Estimated living cost  is ₽7561 per week

₽4685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60221
₽41928
₽37129
₽53889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 417
other
-
-
-
5 509
health
-
-
-
5 103
pensions

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

-
-
-
27 840
total
-
-
-
53 869
Employee
34 069
-
92 653
-
unemployment
340
-
926
-
pensions

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

2 384
-
6 485
-
income
5 865
-
17 016
-
health
477
-
1 296
-
total
9 066
-
25 723
-
Employer
34 069
-
92 653
-
health
477
-
1 296
-
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.

5 792
-
15 751
-
accident
272
-
741
-
unemployment
340
-
926
-
other
1 704
-
4 633
-
total
8 585
-
23 347
-
Corporate
73 345
116 000
-
-
income
15 402
24 361
-
-
total
15 402
24 361
-
-
Dividends
57 943
91 639
-
-
withholding
4 056
6 416
-
-
total
4 056
6 416
-
-
Income
116 000
116 000
116 000
116 000
Total tax
37 109
30 777
49 070
53 869
After tax
78 891
85 223
66 930
62 131
Living cost
25 002
25 002
25 002
25 002
Free-cash
53 889
60 221
41 928
37 129

Estimated living cost  is ₽25002 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
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.
₽5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18541
₽7155
₽17926
₽11353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 937
pensions
-
-
-
7 451
total
-
-
-
35 388
Employee
88 691
-
101 786
-
pensions
8 556
-
9 525
-
income
15 987
-
20 756
-
health
1 461
-
1 666
-
total
26 004
-
31 947
-
Employer
88 691
-
101 786
-
health
1 684
-
1 934
-
pensions
10 472
-
12 278
-
total
12 156
-
14 212
-
Corporate
15 153
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.

2 880
22 040
-
-
total
2 880
22 040
-
-
Dividends
12 273
93 960
-
-
withholding
921
12 733
-
-
total
921
12 733
-
-
Income
116 000
116 000
116 000
116 000
Total tax
41 961
34 773
46 159
35 388
After tax
74 039
81 227
69 841
80 612
Living cost
62 686
62 686
62 686
62 686
Free-cash
11 353
18 541
7 155
17 926

Estimated living cost  is ₽62686 per week

₽46972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86881
₽81571
₽77552
₽82525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 400
unemployment
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
26 149
Employee
16 286
-
109 571
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 877
-
income
1 628
-
10 957
-
health
749
-
1 507
-
total
3 986
-
15 701
-
Employer
16 286
-
109 571
-
health
1 124
-
2 261
-
pensions

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

1 795
-
3 611
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
unemployment
97
-
197
-
total
3 195
-
6 429
-
Corporate
96 518
116 000
-
-
income
9 652
11 600
-
-
total
9 652
11 600
-
-
Dividends
86 867
104 400
-
-
withholding
4 343
5 220
-
-
total
4 343
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
21 176
16 820
22 130
26 149
After tax
94 824
99 180
93 870
89 851
Living cost
12 299
12 299
12 299
12 299
Free-cash
82 525
86 881
81 571
77 552

Estimated living cost  is ₽12299 per week

₽7181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4666
₽11054
₽14625
₽7028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 782
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
49 345
Employee
86 993
80 127
98 714
-
pensions
10 993
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
10 853
10 461
11 521
-
total
34 962
34 570
35 630
-
Employer
86 993
80 127
98 714
-
health
6 045
5 570
6 861
-
pensions
6 054
5 577
6 871
-
unemployment
3 132
2 885
3 554
-
total
15 231
14 032
17 286
-
Corporate
13 776
21 841
-
-
income
2 755
4 368
-
-
total
2 755
4 368
-
-
Dividends
11 021
17 474
-
-
income
2 342
3 713
-
-
withholding
1 652
2 621
-
-
total
3 994
6 334
-
-
Income
116 000
116 000
116 000
116 000
Total tax
56 942
59 304
52 916
49 345
After tax
59 058
56 696
63 084
66 655
Living cost
52 030
52 030
52 030
52 030
Free-cash
7 028
4 666
11 054
14 625

Estimated living cost  is ₽52030 per week

₽38381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56855
₽35854
₽34134
₽48645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 084
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
15 660
total
-
-
-
58 855
Employee
33 839
-
86 567
-
solidarity contribution
-
-
-
-
social contributions
2 200
-
5 627
-
income
4 061
-
10 388
-
health
4 568
-
11 687
-
total
10 829
-
27 702
-
Employer
33 839
-
86 567
-
health
3 045
-
7 791
-
social contributions
8 460
-
21 642
-
total
11 505
-
29 433
-
Corporate
70 656
116 000
-
-
income
13 425
22 040
-
-
total
13 425
22 040
-
-
Dividends
57 231
93 960
-
-
withholding
8 585
14 094
-
-
total
8 585
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 344
36 134
57 135
58 855
After tax
71 656
79 866
58 865
57 145
Living cost
23 011
23 011
23 011
23 011
Free-cash
48 645
56 855
35 854
34 134

Estimated living cost  is ₽23011 per week

₽15983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22297
₽12855
₽18374
₽17399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
1 319
municipal
-
-
-
689
national
-
-
-
26 189
total
-
-
-
58 033
Employee
83 391
-
116 000
-
municipal
442
-
614
-
national
14 450
-
22 664
-
regional
787
-
1 159
-
social contributions
28 119
-
39 115
-
total
43 798
-
63 552
-
Employer
83 391
-
116 000
-
total
-
-
-
-
Corporate
32 609
116 000
-
-
municipal
1 271
4 525
-
-
nationa
7 826
27 840
-
-
total
9 097
32 365
-
-
Dividends
23 512
83 636
-
-
withholding
6 113
21 745
-
-
total
6 113
21 745
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 008
54 110
63 552
58 033
After tax
56 992
61 890
52 448
57 967
Living cost
39 593
39 593
39 593
39 593
Free-cash
17 399
22 297
12 855
18 374

Estimated living cost  is ₽39593 per week

₽27599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52259
₽33606
₽35517
₽49339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 783
other
-
-
-
-
surtax
-
-
-
3 346
unemployment
-
-
-
214
health
-
-
-
8 235
pensions
-
-
-
23 200
total
-
-
-
59 778
Employee
31 029
-
95 827
-
other
-
-
-
-
unemployment
2 160
-
6 670
-
pensions
2 069
-
6 392
-
surtax
101
-
3 043
-
income
5 201
-
22 968
-
health
792
-
2 443
-
total
10 323
-
41 516
-
Employer
31 029
-
95 827
-
health
1 412
-
4 361
-
pensions
4 136
-
12 774
-
unemployment
983
-
3 038
-
other
-
-
-
-
total
6 531
-
20 173
-
Corporate
78 440
116 000
-
-
income
20 395
30 160
-
-
total
20 395
30 160
-
-
Dividends
58 044
85 840
-
-
withholding
8 707
12 876
-
-
total
8 707
12 876
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 956
43 036
61 689
59 778
After tax
70 044
72 964
54 311
56 222
Living cost
20 705
20 705
20 705
20 705
Free-cash
49 339
52 259
33 606
35 517

Estimated living cost  is ₽20705 per week

₽12660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38402
₽27016
₽37787
₽36712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 937
pensions
-
-
-
7 451
total
-
-
-
35 388
Employee
59 438
-
101 786
-
pensions
5 045
-
9 525
-
income
10 705
-
20 756
-
health
863
-
1 666
-
total
16 613
-
31 947
-
Employer
59 438
-
101 786
-
health
1 129
-
1 934
-
pensions
6 434
-
12 278
-
total
7 563
-
14 212
-
Corporate
48 998
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.

9 310
22 040
-
-
total
9 310
22 040
-
-
Dividends
39 689
93 960
-
-
withholding
2 977
12 733
-
-
total
2 977
12 733
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 463
34 773
46 159
35 388
After tax
79 537
81 227
69 841
80 612
Living cost
42 825
42 825
42 825
42 825
Free-cash
36 712
38 402
27 016
37 787

Estimated living cost  is ₽42825 per week

₽32084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3210
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽21042
₽16130
₽21886
₽10657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 320
regional
-
-
-
4 504
health
-
-
-
261
city
-
-
-
1 224
national
-
-
-
1 048
pensions
-
-
-
10 671
total
-
-
-
20 028
Employee
86 700
-
103 826
-
unemployment
-
-
-
-
pensions
7 284
-
8 722
-
national
410
-
809
-
regional
2 839
-
3 872
-
city
930
-
1 115
-
health
196
-
234
-
total
11 659
-
14 752
-
Employer
86 700
-
103 826
-
health
196
-
234
-
pensions
7 284
-
8 722
-
unemployment
-
-
-
-
other

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

1 733
-
2 076
-
total
9 213
-
11 032
-
Corporate
19 134
116 000
-
-
regional
4 047
24 535
-
-
national
1 627
9 860
-
-
total
5 674
34 395
-
-
Dividends
13 459
81 605
-
-
withholding
4 711
28 561
-
-
total
4 711
28 561
-
-
Income
116 000
116 000
116 000
116 000
Total tax
31 257
62 956
25 784
20 028
After tax
84 743
53 044
90 216
95 972
Living cost
74 086
74 086
74 086
74 086
Free-cash
10 657
-21 042
16 130
21 886

Estimated living cost  is ₽74086 per week

₽48177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽910
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽14410
₽34541
₽22128
₽29626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 000
income

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

-
-
-
30 393
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.

-
-
-
1 672
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.

-
-
-
6 410
trade
-
-
-
12 413
total
-
-
-
50 888
Employee

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

56 390
-
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.

365
-
1 672
-
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.

6 631
-
30 393
-
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.

6 410
-
6 410
-
total
13 406
-
38 475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 610
116 000
-
-
income
8 942
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.

491
956
-
-
chamber of commerce
226
306
-
-
trade
10 222
19 895
-
-
total
19 881
38 557
-
-
Dividends
39 727
77 443
-
-
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.

527
1 045
-
-
withholding
9 576
19 004
-
-
total
10 103
20 049
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 390
58 606
38 475
50 888
After tax
72 610
57 394
77 525
65 112
Living cost
42 984
42 984
42 984
42 984
Free-cash
29 626
14 410
34 541
22 128

Estimated living cost  is ₽42984 per week

₽31394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26360
₽37140
₽34063
₽31903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
14 184
other
-
-
-
3 597
surtax
-
-
-
-
social contributions
-
-
-
3 305
health
-
-
-
3 367
pensions
-
-
-
25 381
total
-
-
-
49 834
Employee
40 158
-
92 569
-
pensions
4 541
-
5 247
-
surtax
-
-
-
-
social contributions
1 145
-
2 637
-
income
2 370
-
15 448
-
total
8 056
-
23 332
-
Employer
40 158
-
92 569
-
health
2 812
-
7 157
-
pensions
6 597
-
9 048
-
unemployment
1 626
-
3 748
-
social contributions
121
-
278
-
other
1 385
-
3 194
-
total
12 541
-
23 425
-
Corporate
63 301
116 000
-
-
income
17 724
32 480
-
-
surtax
-
-
-
-
total
17 724
32 480
-
-
Dividends
45 577
83 520
-
-
surtax
-
-
-
-
social contributions
7 840
14 366
-
-
withholding
5 833
10 691
-
-
total
13 673
25 057
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 994
57 537
46 757
49 834
After tax
64 006
58 463
69 243
66 166
Living cost
32 103
32 103
32 103
32 103
Free-cash
31 903
26 360
37 140
34 063

Estimated living cost  is ₽32103 per week

₽20242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2610
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.
₽8705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29541
₽40321
₽37244
₽34757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
14 184
other
-
-
-
3 597
surtax
-
-
-
-
social contributions
-
-
-
3 305
health
-
-
-
3 367
pensions
-
-
-
25 381
total
-
-
-
49 834
Employee
35 847
-
92 569
-
pensions
4 054
-
5 247
-
surtax
-
-
-
-
social contributions
1 022
-
2 637
-
income
1 848
-
15 448
-
total
6 924
-
23 332
-
Employer
35 847
-
92 569
-
health
2 509
-
7 157
-
pensions
5 890
-
9 048
-
unemployment
1 451
-
3 748
-
social contributions
107
-
278
-
other
1 238
-
3 194
-
total
11 195
-
23 425
-
Corporate
68 959
116 000
-
-
income
19 309
32 480
-
-
surtax
-
-
-
-
total
19 309
32 480
-
-
Dividends
49 650
83 520
-
-
surtax
-
-
-
-
social contributions
8 538
14 366
-
-
withholding
6 355
10 691
-
-
total
14 893
25 057
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 321
57 537
46 757
49 834
After tax
63 679
58 463
69 243
66 166
Living cost
28 922
28 922
28 922
28 922
Free-cash
34 757
29 541
40 321
37 244

Estimated living cost  is ₽28922 per week

₽16773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50876
₽53656
₽54600
₽51364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 400
social contributions
-
-
-
16 008
health
-
-
-
8 096
total
-
-
-
41 504
Employee
31 814
-
116 000
-
social contributions
4 391
-
16 008
-
income
5 306
-
18 344
-
health
2 220
-
8 096
-
total
11 917
-
42 448
-
Employer
31 814
-
116 000
-
total
-
-
-
-
Corporate
84 186
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%.

4 209
5 799
-
-
total
4 209
5 799
-
-
Dividends
79 977
110 201
-
-
social contributions
11 036
15 208
-
-
withholding
11 996
16 529
-
-
health
5 582
7 692
-
-
total
28 614
39 429
-
-
Income
116 000
116 000
116 000
116 000
Total tax
44 740
45 228
42 448
41 504
After tax
71 260
70 772
73 552
74 496
Living cost
19 896
19 896
19 896
19 896
Free-cash
51 364
50 876
53 656
54 600

Estimated living cost  is ₽19896 per week

₽13315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31589
-₽724
₽24823
₽30139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
23 046
surtax
-
-
-
185
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
465
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
58 115
Employee
46 892
37 393
89 932
-
other
468
374
899
-
unemployment
1 407
1 122
2 698
-
pensions
4 802
3 828
9 209
-
income
5 338
2 758
19 713
-
health
1 814
1 448
3 481
-
total
13 829
9 530
36 000
-
Employer
46 892
37 393
89 932
-
chamber of commerce
187
150
360
-
health
1 772
1 414
3 399
-
pensions
5 885
4 694
11 287
-
accident
609
486
1 170
-
unemployment
1 407
1 122
2 698
-
surtax
185
185
185
-
payroll
1 407
1 122
2 698
-
other
2 228
1 775
4 272
-
total
13 680
10 948
26 069
-
Corporate
55 429
67 660
86 371
-
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.

13 857
16 916
21 593
-
total
13 857
16 916
21 593
-
Dividends
41 572
50 744
-
-
withholding
11 433
13 955
-
-
total
11 433
13 955
-
-
Income
116 000
116 000
116 000
116 000
Total tax
52 799
51 349
83 662
58 115
After tax
63 201
64 651
32 338
57 885
Living cost
33 062
33 062
33 062
33 062
Free-cash
30 139
31 589
-724
24 823

Estimated living cost  is ₽33062 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30764
₽9377
₽17921
₽16692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
communal

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

-
-
-
5 851
social contributions
-
-
-
18 485
national
-
-
-
39 531
total
-
-
-
63 867
Employee

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

67 117
-
89 845
-
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.

584
-
782
-
communal

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

3 501
-
4 687
-
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.

5 034
-
6 738
-
national
20 635
-
29 827
-
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.

3 153
-
4 222
-
total
32 907
-
46 256
-
Employer

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

67 117
-
89 845
-
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.

4 127
-
5 525
-
pensions

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

5 947
-
7 961
-
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.

872
-
1 168
-
unemployment

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

979
-
1 312
-
surtax
7 610
-
10 189
-
total
19 535
-
26 155
-
Corporate
29 346
116 000
-
-
income
5 869
23 200
-
-
surtax
118
465
-
-
total
5 987
23 665
-
-
Dividends
23 359
92 336
-
-
withholding

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

6 667
27 359
-
-
total
6 667
27 359
-
-
Income
116 000
116 000
116 000
116 000
Total tax
65 096
51 024
72 411
63 867
After tax
50 904
64 976
43 589
52 133
Living cost
34 212
34 212
34 212
34 212
Free-cash
16 692
30 764
9 377
17 921

Estimated living cost  is ₽34212 per week

₽22037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44030
₽25901
₽30412
₽36747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
783
income
-
-
-
25 611
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 702
Employee
46 707
-
88 274
-
other
46
-
87
-
unemployment
725
-
1 348
-
pensions
2 195
-
4 088
-
income
9 855
-
22 964
-
total
12 821
-
28 487
-
Employer
46 707
-
88 274
-
pensions
11 022
-
20 525
-
accident
924
-
1 722
-
unemployment
2 569
-
4 783
-
other
372
-
696
-
total
14 887
-
27 726
-
Corporate
54 406
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.

8 161
17 400
-
-
total
8 161
17 400
-
-
Dividends
46 245
98 600
-
-
withholding
9 498
20 684
-
-
total
9 498
20 684
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 367
38 084
56 213
51 702
After tax
70 633
77 916
59 787
64 298
Living cost
33 886
33 886
33 886
33 886
Free-cash
36 747
44 030
25 901
30 412

Estimated living cost  is ₽33886 per week

₽24953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19087
₽16505
₽11877
₽10132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
communal
-
-
-
7 331
accident
-
-
-
978
income
-
-
-
13 534
surtax
-
-
-
5 751
health
-
-
-
8 150
pensions
-
-
-
17 388
total
-
-
-
53 132
Employee
71 057
-
103 619
-
pensions
5 684
-
8 289
-
surtax
4 355
-
6 350
-
income
6 863
-
16 874
-
health
3 162
-
4 610
-
total
20 064
-
36 123
-
Employer
71 057
-
103 619
-
health
2 167
-
3 159
-
pensions
5 684
-
8 289
-
accident
639
-
933
-
total
8 490
-
12 381
-
Corporate
36 453
116 000
-
-
communal
2 461
7 829
-
-
income
5 468
17 400
-
-
surtax
383
1 218
-
-
total
8 312
26 447
-
-
Dividends
28 141
89 553
-
-
income
13 789
6 042
-
-
withholding
4 222
13 433
-
-
total
18 011
19 475
-
-
Income
116 000
116 000
116 000
116 000
Total tax
54 877
45 922
48 504
53 132
After tax
61 123
70 078
67 496
62 868
Living cost
50 991
50 991
50 991
50 991
Free-cash
10 132
19 087
16 505
11 877

Estimated living cost  is ₽50991 per week

₽38251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3089
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.
₽9110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51889
₽33236
₽35147
₽48904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 783
other
-
-
-
-
surtax
-
-
-
3 346
unemployment
-
-
-
214
health
-
-
-
8 235
pensions
-
-
-
23 200
total
-
-
-
59 778
Employee
31 599
-
95 827
-
other
-
-
-
-
unemployment
2 199
-
6 670
-
pensions
2 108
-
6 392
-
surtax
112
-
3 043
-
income
5 297
-
22 968
-
health
807
-
2 443
-
total
10 523
-
41 516
-
Employer
31 599
-
95 827
-
health
1 437
-
4 361
-
pensions
4 213
-
12 774
-
unemployment
1 002
-
3 038
-
other
-
-
-
-
total
6 652
-
20 173
-
Corporate
77 749
116 000
-
-
income
20 215
30 160
-
-
total
20 215
30 160
-
-
Dividends
57 534
85 840
-
-
withholding
8 631
12 876
-
-
total
8 631
12 876
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 021
43 036
61 689
59 778
After tax
69 979
72 964
54 311
56 222
Living cost
21 075
21 075
21 075
21 075
Free-cash
48 904
51 889
33 236
35 147

Estimated living cost  is ₽21075 per week

₽12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35695
₽26770
₽32261
₽33612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
1 749
municipal
-
-
-
689
national
-
-
-
26 189
total
-
-
-
58 463
Employee
52 049
-
116 000
-
municipal
276
-
614
-
national
8 246
-
22 664
-
regional
701
-
1 561
-
social contributions
17 551
-
39 115
-
total
26 774
-
63 954
-
Employer
52 049
-
116 000
-
total
-
-
-
-
Corporate
63 951
116 000
-
-
municipal
3 178
5 766
-
-
nationa
15 349
27 840
-
-
total
18 527
33 606
-
-
Dividends
45 424
82 395
-
-
withholding
11 811
21 423
-
-
total
11 811
21 423
-
-
Income
116 000
116 000
116 000
116 000
Total tax
57 112
55 029
63 954
58 463
After tax
58 888
60 971
52 046
57 537
Living cost
25 276
25 276
25 276
25 276
Free-cash
33 612
35 695
26 770
32 261

Estimated living cost  is ₽25276 per week

₽15719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51511
₽30510
₽28790
₽41395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 084
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
15 660
total
-
-
-
58 855
Employee
41 699
-
86 567
-
solidarity contribution
-
-
-
-
social contributions
2 710
-
5 627
-
income
5 004
-
10 388
-
health
5 629
-
11 687
-
total
13 343
-
27 702
-
Employer
41 699
-
86 567
-
health
3 753
-
7 791
-
social contributions
10 425
-
21 642
-
total
14 178
-
29 433
-
Corporate
60 124
116 000
-
-
income
11 424
22 040
-
-
total
11 424
22 040
-
-
Dividends
48 700
93 960
-
-
withholding
7 305
14 094
-
-
total
7 305
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
46 250
36 134
57 135
58 855
After tax
69 750
79 866
58 865
57 145
Living cost
28 355
28 355
28 355
28 355
Free-cash
41 395
51 511
30 510
28 790

Estimated living cost  is ₽28355 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34818
₽2434
₽28135
₽34354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
23 046
surtax
-
-
-
-
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
465
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
57 930
Employee
41 016
37 393
90 074
-
other
410
374
901
-
unemployment
1 230
1 122
2 703
-
pensions
4 200
3 828
9 224
-
income
3 654
2 758
19 761
-
health
1 587
1 448
3 486
-
total
11 081
9 530
36 075
-
Employer
41 016
37 393
90 074
-
chamber of commerce
164
150
360
-
health
1 551
1 414
3 405
-
pensions
5 148
4 694
11 305
-
accident
532
486
1 172
-
unemployment
1 230
1 122
2 703
-
surtax
-
-
-
-
payroll
1 230
1 122
2 703
-
other
1 948
1 775
4 279
-
total
11 803
10 763
25 927
-
Corporate
63 180
67 845
86 513
-
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.

15 796
16 962
21 629
-
total
15 796
16 962
21 629
-
Dividends
47 385
50 883
-
-
withholding
13 031
13 992
-
-
total
13 031
13 992
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 711
51 247
83 631
57 930
After tax
64 289
64 753
32 369
58 070
Living cost
29 935
29 935
29 935
29 935
Free-cash
34 354
34 818
2 434
28 135

Estimated living cost  is ₽29935 per week

₽17957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98418
₽81018
₽103058
₽96208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 727
-
116 000
-
income
2 946
-
23 200
-
total
2 946
-
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%.

101 273
116 000
-
-
total
-
-
-
-
Dividends
101 273
116 000
-
-
withholding
5 064
5 800
-
-
total
5 064
5 800
-
-
Income
116 000
116 000
116 000
116 000
Total tax
8 010
5 800
23 200
1 160
After tax
107 990
110 200
92 800
114 840
Living cost
11 782
11 782
11 782
11 782
Free-cash
96 208
98 418
81 018
103 058

Estimated living cost  is ₽11782 per week

₽7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54699
₽30553
₽33876
₽46850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
116 000
income
-
-
-
24 184
unemployment
-
-
-
174
health
-
-
-
11 415
pensions
-
-
-
21 184
total
-
-
-
56 957
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.

41 492
-
100 372
-
unemployment
59
-
141
-
pensions
6 432
-
15 557
-
income
7 155
-
22 471
-
health
2 680
-
6 483
-
total
16 326
-
44 652
-
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.

41 492
-
100 372
-
health
2 764
-
6 684
-
pensions
3 672
-
8 883
-
unemployment
25
-
61
-
total
6 461
-
15 628
-
Corporate
68 048
116 000
-
-
income
12 929
22 040
-
-
total
12 929
22 040
-
-
Dividends
55 119
93 960
-
-
withholding
8 267
14 094
-
-
total
8 267
14 094
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 983
36 134
60 280
56 957
After tax
72 017
79 866
55 720
59 043
Living cost
25 167
25 167
25 167
25 167
Free-cash
46 850
54 699
30 553
33 876

Estimated living cost  is ₽25167 per week

₽17272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30494
₽63700
₽40085
-₽22499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
22 611
social contributions
-
-
-
13 224
total
-
-
-
35 835
Employee
57 469
-
-
-
social contributions
4 712
-
672
-
income
12 676
-
-
-
total
17 388
-
672
-
Employer
57 469
-
-
-
social contributions
81 031
-
11 548
-
total
81 031
-
11 548
-
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
98 419
45 426
12 220
35 835
After tax
17 581
70 574
103 780
80 165
Living cost
40 080
40 080
40 080
40 080
Free-cash
-22 499
30 494
63 700
40 085

Estimated living cost  is ₽40080 per week

₽26005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36548
₽27059
₽34340
₽35606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
116 000
income
-
-
-
11 919
surtax
-
-
-
-
social contributions

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

-
-
-
40 309
total
-
-
-
52 228
Employee
43 155
-
93 737
-
surtax
-
-
-
-
social contributions
4 747
-
10 312
-
income
8 976
-
26 934
-
total
13 723
-
37 246
-
Employer
43 155
-
93 737
-
social contributions
10 249
-
22 263
-
total
10 249
-
22 263
-
Corporate
62 596
116 000
-
-
income
13 144
24 361
-
-
surtax
-
-
-
-
total
13 144
24 361
-
-
Dividends
49 452
91 639
-
-
withholding
13 846
25 659
-
-
total
13 846
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 962
50 020
59 509
52 228
After tax
65 038
65 980
56 491
63 772
Living cost
29 432
29 432
29 432
29 432
Free-cash
35 606
36 548
27 059
34 340

Estimated living cost  is ₽29432 per week

₽22021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13144
₽23924
₽20847
₽19595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
14 184
other
-
-
-
3 597
surtax
-
-
-
-
social contributions
-
-
-
3 305
health
-
-
-
3 367
pensions
-
-
-
25 381
total
-
-
-
49 834
Employee
58 768
-
92 569
-
pensions
6 647
-
5 247
-
surtax
-
-
-
-
social contributions
1 674
-
2 637
-
income
5 128
-
15 448
-
total
13 449
-
23 332
-
Employer
58 768
-
92 569
-
health
4 113
-
7 157
-
pensions
9 656
-
9 048
-
unemployment
2 381
-
3 748
-
social contributions
176
-
278
-
other
2 028
-
3 194
-
total
18 354
-
23 425
-
Corporate
38 878
116 000
-
-
income
10 885
32 480
-
-
surtax
-
-
-
-
total
10 885
32 480
-
-
Dividends
27 993
83 520
-
-
surtax
-
-
-
-
social contributions
4 815
14 366
-
-
withholding
3 583
10 691
-
-
total
8 398
25 057
-
-
Income
116 000
116 000
116 000
116 000
Total tax
51 086
57 537
46 757
49 834
After tax
64 914
58 463
69 243
66 166
Living cost
45 319
45 319
45 319
45 319
Free-cash
19 595
13 144
23 924
20 847

Estimated living cost  is ₽45319 per week

₽30671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76194
₽62008
₽58925
₽73043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 349
social contributions
-
-
-
25 521
total
-
-
-
28 870
Employee
30 166
-
100 434
-
income
-
-
3 693
-
social contributions
1 960
-
6 528
-
total
1 960
-
10 221
-
Employer
30 166
-
100 434
-
social contributions
4 676
-
15 566
-
total
4 676
-
15 566
-
Corporate
81 159
116 000
-
-
income
8 116
11 601
-
-
total
8 116
11 601
-
-
Dividends
73 043
104 399
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
14 752
11 601
25 787
28 870
After tax
101 248
104 399
90 213
87 130
Living cost
28 205
28 205
28 205
28 205
Free-cash
73 043
76 194
62 008
58 925

Estimated living cost  is ₽28205 per week

₽18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽88426
-₽88426
₽25444
-₽88426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
labour market
-
-
-
9 215
municipal
-
-
-
22 700
national
-
-
-
12 641
pensions
-
-
-
813
total
-
-
-
45 369
Employee
190 722
190 722
190 722
-
municipal
40 613
40 613
40 613
-
labour market
15 236
15 236
15 236
-
pensions
271
271
271
-
national
23 300
23 300
23 300
-
total
79 420
79 420
79 420
-
Employer
190 722
190 722
190 722
-
national
23 341
23 341
23 341
-
labour market
15 258
15 258
15 258
-
pensions
542
542
542
-
municipal
40 678
40 678
40 678
-
total
79 819
79 819
79 819
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 000
116 000
116 000
116 000
Total tax
159 239
159 239
159 239
45 369
After tax
-43 239
-43 239
-43 239
70 631
Living cost
45 187
45 187
45 187
45 187
Free-cash
-88 426
-88 426
-88 426
25 444

Estimated living cost  is ₽45187 per week

₽30926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11243
₽40553
₽58845
₽6230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
240
income
-
-
-
29 884
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 516
Employee
32 466
-
101 335
-
pensions
3 656
-
7 264
-
income
4 454
-
21 276
-
health
3 718
-
11 603
-
total
11 828
-
40 143
-
Employer
32 466
-
101 335
-
pensions
5 279
-
10 490
-
accident
542
-
1 692
-
unemployment
796
-
2 483
-
total
6 617
-
14 665
-
Corporate
76 917
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.

69 225
104 400
-
-
total
69 225
104 400
-
-
Dividends
7 692
11 600
-
-
withholding
1 461
2 204
-
-
total
1 461
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
89 131
106 604
54 808
36 516
After tax
26 869
9 396
61 192
79 484
Living cost
20 639
20 639
20 639
20 639
Free-cash
6 230
-11 243
40 553
58 845

Estimated living cost  is ₽20639 per week

₽15023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39410
₽27960
₽43868
₽39479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
116 000
health
-
-
-
1 394
municipal
-
-
-
20 628
national
-
-
-
14 086
total
-
-
-
36 108
Employee
49 366
-
97 585
-
municipal
8 086
-
15 917
-
unemployment
741
-
1 464
-
pensions
3 332
-
6 586
-
national
816
-
8 523
-
health
369
-
1 111
-
total
13 344
-
33 601
-
Employer
49 366
-
97 585
-
health
379
-
751
-
pensions
8 565
-
16 932
-
accident
50
-
98
-
unemployment
321
-
634
-
total
9 315
-
18 415
-
Corporate
57 319
116 000
-
-
income
11 464
23 200
-
-
total
11 464
23 200
-
-
Dividends

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

34 392
69 600
-
-
municipal
6 191
12 528
-
-
national
183
4 838
-
-
total
6 374
17 366
-
-
Income
116 000
116 000
116 000
116 000
Total tax
40 497
40 566
52 016
36 108
After tax
75 503
75 434
63 984
79 892
Living cost
36 024
36 024
36 024
36 024
Free-cash
39 479
39 410
27 960
43 868

Estimated living cost  is ₽36024 per week

₽23531
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.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63061
₽58338
₽59581
₽57953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 556
social contributions
-
-
-
15 181
health
-
-
-
2 958
total
-
-
-
34 695
Employee
72 151
72 151
105 963
-
social contributions
2 728
5 988
8 077
-
income
7 856
6 679
16 022
-
health
559
1 227
1 802
-
total
11 143
13 894
25 901
-
Employer
72 151
72 151
105 963
-
health
607
1 335
1 960
-
social contributions
2 728
5 988
8 077
-
total
3 335
7 323
10 037
-
Corporate
79 798
36 525
-
-
income
9 975
4 565
-
-
total
9 975
4 565
-
-
Dividends
69 823
31 960
-
-
withholding
11 870
5 433
-
-
total
11 870
5 433
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 323
31 215
35 938
34 695
After tax
79 677
84 785
80 062
81 305
Living cost
21 724
21 724
21 724
21 724
Free-cash
57 953
63 061
58 338
59 581

Estimated living cost  is ₽21724 per week

₽13020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2131
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.
₽6093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81163
₽61496
₽80315
₽76388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
116 000
income
-
-
-
11 396
unemployment
-
-
-
27
health
-
-
-
3 396
pensions
-
-
-
5 969
total
-
-
-
20 788
Employee

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

21 537
-
106 830
-
unemployment
107
-
445
-
pensions
3 230
-
13 355
-
income
1 473
-
9 069
-
health
1 830
-
7 568
-
total
6 640
-
30 437
-
Employer

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

21 537
-
106 830
-
health
926
-
3 828
-
pensions
1 184
-
4 897
-
unemployment
107
-
445
-
total
2 217
-
9 170
-
Corporate
92 246
116 000
-
-
income
8 303
10 440
-
-
total
8 303
10 440
-
-
Dividends
83 943
105 560
-
-
withholding
7 555
9 500
-
-
total
7 555
9 500
-
-
Income
116 000
116 000
116 000
116 000
Total tax
24 715
19 940
39 607
20 788
After tax
91 285
96 060
76 393
95 212
Living cost
14 897
14 897
14 897
14 897
Free-cash
76 388
81 163
61 496
80 315

Estimated living cost  is ₽14897 per week

₽9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52114
₽33985
₽38496
₽47384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
783
income
-
-
-
25 611
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 702
Employee
34 695
-
88 274
-
other
34
-
87
-
unemployment
538
-
1 348
-
pensions
1 631
-
4 088
-
income
6 689
-
22 964
-
total
8 892
-
28 487
-
Employer
34 695
-
88 274
-
pensions
8 187
-
20 525
-
accident
687
-
1 722
-
unemployment
1 909
-
4 783
-
other
278
-
696
-
total
11 061
-
27 726
-
Corporate
70 244
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.

10 536
17 400
-
-
total
10 536
17 400
-
-
Dividends
59 708
98 600
-
-
withholding
12 325
20 684
-
-
total
12 325
20 684
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 814
38 084
56 213
51 702
After tax
73 186
77 916
59 787
64 298
Living cost
25 802
25 802
25 802
25 802
Free-cash
47 384
52 114
33 985
38 496

Estimated living cost  is ₽25802 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
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.
₽5454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70484
₽72249
₽72384
₽70172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 325
health
-
-
-
1 005
pensions
-
-
-
1 386
total
-
-
-
41 716
Employee
2 894
-
114 441
-
unemployment
29
-
69
-
pensions
260
-
624
-
income
560
-
39 252
-
health
145
-
347
-
total
994
-
40 292
-
Employer
2 894
-
114 441
-
health
275
-
658
-
pensions
318
-
762
-
unemployment
58
-
139
-
total
651
-
1 559
-
Corporate
112 454
116 000
-
-
income
24 740
25 520
-
-
total
24 740
25 520
-
-
Dividends
87 714
90 480
-
-
withholding
17 543
18 096
-
-
total
17 543
18 096
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 928
43 616
41 851
41 716
After tax
72 072
72 384
74 149
74 284
Living cost
1 900
1 900
1 900
1 900
Free-cash
70 172
70 484
72 249
72 384

Estimated living cost  is ₽1900 per week

₽1129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67614
₽48554
₽48554
₽63005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
116 000
income
-
-
-
25 088
unemployment
-
-
-
1 038
health
-
-
-
7 129
pensions
-
-
-
17 995
total
-
-
-
51 250
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.

24 423
-
103 611
-
unemployment
183
-
519
-
pensions
3 419
-
9 690
-
income
3 367
-
25 088
-
health
1 258
-
3 564
-
total
8 227
-
38 861
-
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.

24 423
-
103 611
-
health
1 258
-
3 564
-
pensions
2 931
-
8 306
-
unemployment
183
-
519
-
total
4 372
-
12 389
-
Corporate
87 205
116 000
-
-
income
13 081
17 400
-
-
total
13 081
17 400
-
-
Dividends
74 124
98 600
-
-
withholding
11 119
14 790
-
-
total
11 119
14 790
-
-
Income
116 000
116 000
116 000
116 000
Total tax
36 799
32 190
51 250
51 250
After tax
79 201
83 810
64 750
64 750
Living cost
16 196
16 196
16 196
16 196
Free-cash
63 005
67 614
48 554
48 554

Estimated living cost  is ₽16196 per week

₽10905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40684
₽31195
₽38476
₽40346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
116 000
income
-
-
-
11 919
surtax
-
-
-
-
social contributions

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

-
-
-
40 309
total
-
-
-
52 228
Employee
36 418
-
93 737
-
surtax
-
-
-
-
social contributions
4 006
-
10 312
-
income
7 116
-
26 934
-
total
11 122
-
37 246
-
Employer
36 418
-
93 737
-
social contributions
8 648
-
22 263
-
total
8 648
-
22 263
-
Corporate
70 934
116 000
-
-
income
14 897
24 361
-
-
surtax
-
-
-
-
total
14 897
24 361
-
-
Dividends
56 037
91 639
-
-
withholding
15 691
25 659
-
-
total
15 691
25 659
-
-
Income
116 000
116 000
116 000
116 000
Total tax
50 358
50 020
59 509
52 228
After tax
65 642
65 980
56 491
63 772
Living cost
25 296
25 296
25 296
25 296
Free-cash
40 346
40 684
31 195
38 476

Estimated living cost  is ₽25296 per week

₽17916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44940
₽26811
₽31322
₽37975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
783
income
-
-
-
25 611
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 702
Employee
45 316
-
88 274
-
other
45
-
87
-
unemployment
702
-
1 348
-
pensions
2 130
-
4 088
-
income
9 465
-
22 964
-
total
12 342
-
28 487
-
Employer
45 316
-
88 274
-
pensions
10 694
-
20 525
-
accident
897
-
1 722
-
unemployment
2 493
-
4 783
-
other
363
-
696
-
total
14 447
-
27 726
-
Corporate
56 236
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.

8 435
17 400
-
-
total
8 435
17 400
-
-
Dividends
47 802
98 600
-
-
withholding
9 825
20 684
-
-
total
9 825
20 684
-
-
Income
116 000
116 000
116 000
116 000
Total tax
45 049
38 084
56 213
51 702
After tax
70 951
77 916
59 787
64 298
Living cost
32 976
32 976
32 976
32 976
Free-cash
37 975
44 940
26 811
31 322

Estimated living cost  is ₽32976 per week

₽23682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83043
₽77733
₽73714
₽77326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
income
-
-
-
17 400
unemployment
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
26 149
Employee
21 368
-
109 571
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 877
-
income
2 137
-
10 957
-
health
983
-
1 507
-
total
5 231
-
15 701
-
Employer
21 368
-
109 571
-
health
1 475
-
2 261
-
pensions

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

2 355
-
3 611
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
unemployment
128
-
197
-
total
4 193
-
6 429
-
Corporate
90 440
116 000
-
-
income
9 044
11 600
-
-
total
9 044
11 600
-
-
Dividends
81 396
104 400
-
-
withholding
4 069
5 220
-
-
total
4 069
5 220
-
-
Income
116 000
116 000
116 000
116 000
Total tax
22 537
16 820
22 130
26 149
After tax
93 463
99 180
93 870
89 851
Living cost
16 137
16 137
16 137
16 137
Free-cash
77 326
83 043
77 733
73 714

Estimated living cost  is ₽16137 per week

₽10673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23556
₽41300
₽30914
₽35829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 000
income

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

-
-
-
30 393
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.

-
-
-
1 672
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.

-
-
-
6 410
trade
-
-
-
10 386
total
-
-
-
48 861
Employee

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

46 686
-
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.

212
-
1 672
-
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.

3 839
-
30 393
-
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.

6 410
-
6 410
-
total
10 461
-
38 475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 314
116 000
-
-
income
10 397
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.

572
956
-
-
chamber of commerce
244
313
-
-
trade
9 946
16 645
-
-
total
21 159
35 314
-
-
Dividends
48 155
80 685
-
-
surtax

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

643
1 090
-
-
withholding
11 683
19 815
-
-
total
12 326
20 905
-
-
Income
116 000
116 000
116 000
116 000
Total tax
43 946
56 219
38 475
48 861
After tax
72 054
59 781
77 525
67 139
Living cost
36 225
36 225
36 225
36 225
Free-cash
35 829
23 556
41 300
30 914

Estimated living cost  is ₽36225 per week

₽24989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27749
₽20875
₽20875
₽29821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 890
social contributions
-
-
-
10 785
total
-
-
-
41 675
Employee
73 396
-
116 000
-
income
13 850
-
30 890
-
social contributions
6 098
-
10 785
-
total
19 948
-
41 675
-
Employer
73 396
-
116 000
-
total
-
-
-
-
Corporate
42 604
116 000
-
-
income
5 326
14 500
-
-
total
5 326
14 500
-
-
Dividends
37 278
101 500
-
-
withholding
7 455
20 301
-
-
total
7 455
20 301
-
-
Income
116 000
116 000
116 000
116 000
Total tax
32 729
34 801
41 675
41 675
After tax
83 271
81 199
74 325
74 325
Living cost
53 450
53 450
53 450
53 450
Free-cash
29 821
27 749
20 875
20 875

Estimated living cost  is ₽53450 per week

₽40664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36382
₽51425
₽49543
₽39659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
116 000
income
-
-
-
26 709
health

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

-
-
-
5 687
total
-
-
-
32 396
Employee
43 044
-
111 684
-
income
4 671
-
21 882
-
social contributions
4 313
-
4 316
-
total
8 984
-
26 198
-
Employer
43 044
-
111 684
-
social contributions
4 313
-
4 316
-
total
4 313
-
4 316
-
Corporate
68 643
116 000
-
-
income
24 026
40 600
-
-
total
24 026
40 600
-
-
Dividends
44 618
75 400
-
-
social contributions
4 957
4 957
-
-
total
4 957
4 957
-
-
Income
116 000
116 000
116 000
116 000
Total tax
42 280
45 557
30 514
32 396
After tax
73 720
70 443
85 486
83 604
Living cost
34 061
34 061
34 061
34 061
Free-cash
39 659
36 382
51 425
49 543

Estimated living cost  is ₽34061 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46412
₽35026
₽45797
₽46810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 937
pensions
-
-
-
7 451
total
-
-
-
35 388
Employee
47 789
-
101 786
-
pensions
3 648
-
9 525
-
income
8 703
-
20 756
-
health
623
-
1 666
-
total
12 974
-
31 947
-
Employer
47 789
-
101 786
-
health
908
-
1 934
-
pensions
4 828
-
12 278
-
total
5 736
-
14 212
-
Corporate
62 474
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.

11 869
22 040
-
-
total
11 869
22 040
-
-
Dividends
50 605
93 960
-
-
withholding
3 796
12 733
-
-
total
3 796
12 733
-
-
Income
116 000
116 000
116 000
116 000
Total tax
34 375
34 773
46 159
35 388
After tax
81 625
81 227
69 841
80 612
Living cost
34 815
34 815
34 815
34 815
Free-cash
46 810
46 412
35 026
45 797

Estimated living cost  is ₽34815 per week

₽23883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₽13286
₽38510
₽56802
₽5917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
accident
-
-
-
240
income
-
-
-
29 884
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 516
Employee
35 680
-
101 335
-
pensions
4 018
-
7 264
-
income
4 895
-
21 276
-
health
4 085
-
11 603
-
total
12 998
-
40 143
-
Employer
35 680
-
101 335
-
pensions
5 801
-
10 490
-
accident
596
-
1 692
-
unemployment
874
-
2 483
-
total
7 271
-
14 665
-
Corporate
73 049
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.

65 744
104 400
-
-
total
65 744
104 400
-
-
Dividends
7 305
11 600
-
-
withholding
1 388
2 204
-
-
total
1 388
2 204
-
-
Income
116 000
116 000
116 000
116 000
Total tax
87 401
106 604
54 808
36 516
After tax
28 599
9 396
61 192
79 484
Living cost
22 682
22 682
22 682
22 682
Free-cash
5 917
-13 286
38 510
56 802

Estimated living cost  is ₽22682 per week

₽16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84937
₽64306
₽53043
₽80547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
116 000
income
-
-
-
18 380
unemployment
-
-
-
1 392
work injury
-
-
-
580
health insurance
-
-
-
8 584
pensions
-
-
-
21 344
total
-
-
-
50 280
Employee

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

20 283
-
116 000
-
health insurance
1 501
-
5 553
-
unemployment
243
-
901
-
work injury
101
-
375
-
pensions
3 732
-
13 808
-
income
2 028
-
18 380
-
total
7 605
-
39 017
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
95 717
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%.

957
1 160
-
-
total
957
1 160
-
-
Dividends
94 760
114 840
-
-
withholding
14 214
17 226
-
-
total
14 214
17 226
-
-
Income
116 000
116 000
116 000
116 000
Total tax
22 776
18 386
39 017
50 280
After tax
93 224
97 614
76 983
65 720
Living cost
12 677
12 677
12 677
12 677
Free-cash
80 547
84 937
64 306
53 043

Estimated living cost  is ₽12677 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23720
₽13991
₽19299
₽19450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 000
social contributions
-
-
-
29 836
regional
-
-
-
2 520
municipal
-
-
-
776
national
-
-
-
26 189
total
-
-
-
59 321
Employee
79 067
-
116 000
-
municipal
472
-
693
-
national
13 362
-
22 664
-
regional
1 194
-
2 157
-
social contributions
26 661
-
39 115
-
total
41 689
-
64 629
-
Employer
79 067
-
116 000
-
total
-
-
-
-
Corporate
36 933
116 000
-
-
municipal
1 781
5 591
-
-
nationa
8 864
27 840
-
-
total
10 645
33 431
-
-
Dividends
26 288
82 569
-
-
withholding
6 836
21 469
-
-
total
6 836
21 469
-
-
Income
116 000
116 000
116 000
116 000
Total tax
59 170
54 900
64 629
59 321
After tax
56 830
61 100
51 371
56 679
Living cost
37 380
37 380
37 380
37 380
Free-cash
19 450
23 720
13 991
19 299

Estimated living cost  is ₽37380 per week

₽26257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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