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
₽ 116500
per

Your estimated
City
free-cash

Dresden , Germany
₽28845
₽48519
₽37426
₽39805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income

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

-
-
-
29 577
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.

-
-
-
1 626
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.

-
-
-
6 769
trade
-
-
-
11 093
total
-
-
-
49 065
Employee

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

37 895
-
116 500
-
surtax

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

58
-
1 626
-
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.

1 059
-
29 577
-
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.

6 769
-
6 769
-
total
7 886
-
37 972
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 605
116 500
-
-
income
11 790
17 474
-
-
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.

649
961
-
-
chamber of commerce
263
318
-
-
trade
12 381
18 348
-
-
total
25 083
37 101
-
-
Dividends
53 522
79 399
-
-
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.

714
1 072
-
-
withholding
13 003
19 473
-
-
total
13 717
20 545
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 686
57 646
37 972
49 065
After tax
69 814
58 854
78 528
67 435
Living cost
30 009
30 009
30 009
30 009
Free-cash
39 805
28 845
48 519
37 426

Estimated living cost  is ₽30009 per week

₽18877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20209
₽18345
₽17431
₽19336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
social contributions
-
-
-
1 252
municipal
-
-
-
12 296
national
-
-
-
19 054
pensions
-
-
-
13 980
total
-
-
-
46 582
Employee
81 365
-
100 713
-
municipal
10 050
-
12 747
-
pensions
3 255
-
4 029
-
national
15 573
-
19 752
-
total
28 878
-
36 528
-
Employer
81 365
-
100 713
-
pensions
6 509
-
8 057
-
social contributions
875
-
1 083
-
total
7 384
-
9 140
-
Corporate
22 381
116 500
-
-
income

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

4 476
23 300
-
-
total
4 476
23 300
-
-
Dividends
17 905
93 200
-
-
withholding
3 939
20 504
-
-
total
3 939
20 504
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 677
43 804
45 668
46 582
After tax
71 823
72 696
70 832
69 918
Living cost
52 487
52 487
52 487
52 487
Free-cash
19 336
20 209
18 345
17 431

Estimated living cost  is ₽52487 per week

₽35675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽786
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72587
₽44855
₽41380
₽64460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
17 053
surtax
-
-
-
-
social contributions

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

-
-
-
37 455
microenterprise
-
-
-
-
total
-
-
-
54 508
Employee
28 951
-
93 884
-
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.

3 185
-
10 328
-
income
5 154
-
18 089
-
total
8 339
-
28 417
-
Employer
28 951
-
93 884
-
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.

6 974
-
22 616
-
surtax
-
-
-
-
total
6 974
-
22 616
-
Corporate
80 576
116 500
-
-
income

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

16 115
23 301
-
-
total
16 115
23 301
-
-
Dividends

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

64 461
93 199
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
31 428
23 301
51 033
54 508
After tax
85 072
93 199
65 467
61 992
Living cost
20 612
20 612
20 612
20 612
Free-cash
64 460
72 587
44 855
41 380

Estimated living cost  is ₽20612 per week

₽13150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15308
₽20304
₽25170
₽9239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
26 000
health
-
-
-
12 217
pensions
-
-
-
11 608
total
-
-
-
49 825
Employee
84 607
84 607
99 140
-
pensions
15 229
11 608
11 608
-
income

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

13 849
13 849
13 849
-
health
12 986
11 046
11 875
-
total
42 064
36 503
37 332
-
Employer
84 607
84 607
99 140
-
health
5 881
5 881
6 891
-
pensions
5 889
5 889
6 900
-
unemployment
3 046
3 046
3 569
-
total
14 816
14 816
17 360
-
Corporate
18 115
17 077
-
-
income
3 623
3 416
-
-
total
3 623
3 416
-
-
Dividends
14 492
13 661
-
-
income
3 080
2 903
-
-
withholding
2 173
2 049
-
-
total
5 253
4 952
-
-
Income
116 500
116 500
116 500
116 500
Total tax
65 756
59 687
54 692
49 825
After tax
50 744
56 813
61 808
66 675
Living cost
41 504
41 504
41 504
41 504
Free-cash
9 239
15 308
20 304
25 170

Estimated living cost  is ₽41504 per week

₽29413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽660
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22853
₽20594
₽21586
₽21939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
179
other
-
-
-
10 379
unemployment
-
-
-
89
health
-
-
-
5 574
municipal
-
-
-
27 024
national
-
-
-
1 257
pensions
-
-
-
9 656
total
-
-
-
54 158
Employee
58 073
-
88 647
-
municipal
17 317
-
26 435
-
national
-
-
862
-
total
17 317
-
27 297
-
Employer
58 073
-
88 647
-
health
3 571
-
5 452
-
pensions
6 278
-
9 583
-
accident
116
-
177
-
unemployment
1 533
-
2 340
-
other
6 748
-
10 301
-
total
18 246
-
27 853
-
Corporate
40 180
116 500
-
-
income
8 840
25 630
-
-
total
8 840
25 630
-
-
Dividends
31 341
90 870
-
-
withholding
9 402
27 261
-
-
total
9 402
27 261
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 805
52 891
55 150
54 158
After tax
62 695
63 609
61 350
62 342
Living cost
40 756
40 756
40 756
40 756
Free-cash
21 939
22 853
20 594
21 586

Estimated living cost  is ₽40756 per week

₽27011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽619
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19334
₽39607
₽28020
₽33254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income

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

-
-
-
29 577
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.

-
-
-
1 626
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.

-
-
-
6 769
trade
-
-
-
11 587
total
-
-
-
49 559
Employee

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

50 244
-
116 500
-
surtax

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

237
-
1 626
-
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.

4 317
-
29 577
-
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.

6 769
-
6 769
-
total
11 323
-
37 972
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 256
116 500
-
-
income
9 939
17 474
-
-
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.

547
961
-
-
chamber of commerce
244
316
-
-
trade
10 899
19 164
-
-
total
21 629
37 915
-
-
Dividends
44 627
78 585
-
-
surtax

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

592
1 060
-
-
withholding
10 781
19 270
-
-
total
11 373
20 330
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 325
58 245
37 972
49 559
After tax
72 175
58 255
78 528
66 941
Living cost
38 921
38 921
38 921
38 921
Free-cash
33 254
19 334
39 607
28 020

Estimated living cost  is ₽38921 per week

₽26031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53043
₽48359
₽49633
₽48934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
15 731
social contributions
-
-
-
16 030
health
-
-
-
2 971
total
-
-
-
34 732
Employee
76 185
76 185
106 011
-
social contributions
3 702
6 323
8 528
-
income
8 000
7 052
15 186
-
health
758
1 295
1 803
-
total
12 460
14 670
25 517
-
Employer
76 185
76 185
106 011
-
health
825
1 410
1 961
-
social contributions
3 702
6 323
8 528
-
total
4 527
7 733
10 489
-
Corporate
67 377
32 582
-
-
income
8 421
4 072
-
-
total
8 421
4 072
-
-
Dividends
58 956
28 509
-
-
withholding
10 023
4 847
-
-
total
10 023
4 847
-
-
Income
116 500
116 500
116 500
116 500
Total tax
35 431
31 322
36 006
34 732
After tax
81 069
85 178
80 494
81 768
Living cost
32 135
32 135
32 135
32 135
Free-cash
48 934
53 043
48 359
49 633

Estimated living cost  is ₽32135 per week

₽21968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2510
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.
₽7118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47436
₽49405
₽62573
₽47813
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
14 242
unemployment
-
-
-
1 748
health
-
-
-
8 155
pensions
-
-
-
11 650
total
-
-
-
35 795
Employee

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

The minimum wage is 138,000 HUF per month.

26 173
10 417
97 490
-
unemployment
393
156
1 462
-
pensions
2 617
1 042
9 749
-
income
3 200
1 273
11 918
-
health
1 832
729
6 824
-
total
8 042
3 200
29 953
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 173
10 417
97 490
-
pensions
5 104
2 031
19 010
-
total
5 104
2 031
19 010
-
Corporate
85 223
104 052
-
-
income
7 670
9 365
-
-
total
7 670
9 365
-
-
Dividends
77 553
94 687
-
-
social contributions
15 004
18 345
-
-
withholding
14 735
17 991
-
-
total
29 739
36 336
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 555
50 932
48 963
35 795
After tax
65 945
65 568
67 537
80 705
Living cost
18 132
18 132
18 132
18 132
Free-cash
47 813
47 436
49 405
62 573

Estimated living cost  is ₽18132 per week

₽12373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69268
₽43218
₽38512
₽63115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
15 611
health
-
-
-
15 145
pensions
-
-
-
23 301
total
-
-
-
54 057
Employee
28 106
-
87 072
-
unemployment
449
-
1 393
-
pensions
562
-
1 741
-
income
3 164
-
16 788
-
total
4 175
-
19 922
-
Employer
28 106
-
87 072
-
health
3 653
-
11 319
-
pensions
5 622
-
17 414
-
unemployment
226
-
696
-
total
9 501
-
29 429
-
Corporate
78 893
116 500
-
-
income
15 778
23 301
-
-
total
15 778
23 301
-
-
Dividends
63 115
93 199
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
29 454
23 301
49 351
54 057
After tax
87 046
93 199
67 149
62 443
Living cost
23 931
23 931
23 931
23 931
Free-cash
63 115
69 268
43 218
38 512

Estimated living cost  is ₽23931 per week

₽16414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1425
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.
₽5610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12623
₽39109
₽57797
₽6054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
253
income
-
-
-
29 660
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 172
total
-
-
-
36 644
Employee
34 699
-
101 281
-
pensions
3 907
-
7 650
-
income
4 760
-
20 866
-
health
3 973
-
11 597
-
total
12 640
-
40 113
-
Employer
34 699
-
101 281
-
pensions
5 642
-
11 047
-
accident
579
-
1 691
-
unemployment
850
-
2 481
-
total
7 071
-
15 219
-
Corporate
74 729
116 500
-
-
income

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

67 256
104 850
-
-
total
67 256
104 850
-
-
Dividends
7 473
11 650
-
-
withholding
1 420
2 214
-
-
total
1 420
2 214
-
-
Income
116 500
116 500
116 500
116 500
Total tax
88 387
107 064
55 332
36 644
After tax
28 113
9 436
61 168
79 856
Living cost
22 059
22 059
22 059
22 059
Free-cash
6 054
-12 623
39 109
57 797

Estimated living cost  is ₽22059 per week

₽16167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102569
₽85094
₽107229
₽101049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
116 500
microenterprise

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

-
-
-
1 165
total
-
-
-
1 165
Employee
10 133
-
116 500
-
income
2 026
-
23 300
-
total
2 026
-
23 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

106 367
116 500
-
-
total
-
-
-
-
Dividends
106 367
116 500
-
-
withholding
5 319
5 825
-
-
total
5 319
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
7 345
5 825
23 300
1 165
After tax
109 155
110 675
93 200
115 335
Living cost
8 106
8 106
8 106
8 106
Free-cash
101 049
102 569
85 094
107 229

Estimated living cost  is ₽8106 per week

₽5024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59192
₽41017
₽36204
₽52501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
15 278
other
-
-
-
5 533
health
-
-
-
5 125
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.

-
-
-
27 960
total
-
-
-
53 896
Employee
35 974
-
93 049
-
unemployment
359
-
931
-
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.

2 518
-
6 515
-
income
6 193
-
16 882
-
health
504
-
1 303
-
total
9 574
-
25 631
-
Employer
35 974
-
93 049
-
health
504
-
1 303
-
pensions

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

6 116
-
15 820
-
accident
288
-
745
-
unemployment
359
-
931
-
other
1 799
-
4 653
-
total
9 066
-
23 452
-
Corporate
71 460
116 500
-
-
income
15 007
24 465
-
-
total
15 007
24 465
-
-
Dividends
56 453
92 035
-
-
withholding
3 952
6 443
-
-
total
3 952
6 443
-
-
Income
116 500
116 500
116 500
116 500
Total tax
37 599
30 908
49 083
53 896
After tax
78 901
85 592
67 417
62 604
Living cost
26 400
26 400
26 400
26 400
Free-cash
52 501
59 192
41 017
36 204

Estimated living cost  is ₽26400 per week

₽18653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽16446
₽4705
₽15566
₽7742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
27 208
pensions
-
-
-
7 733
total
-
-
-
34 941
Employee
93 370
-
102 301
-
pensions
9 008
-
9 930
-
income
16 831
-
19 967
-
health
1 539
-
1 706
-
total
27 378
-
31 603
-
Employer
93 370
-
102 301
-
health
1 773
-
1 943
-
pensions
11 024
-
12 256
-
total
12 797
-
14 199
-
Corporate
10 332
116 500
-
-
income

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

1 962
22 136
-
-
total
1 962
22 136
-
-
Dividends
8 370
94 364
-
-
withholding
628
11 925
-
-
total
628
11 925
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 765
34 061
45 802
34 941
After tax
73 735
82 439
70 698
81 559
Living cost
65 993
65 993
65 993
65 993
Free-cash
7 742
16 446
4 705
15 566

Estimated living cost  is ₽65993 per week

₽49450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86618
₽80736
₽76795
₽82017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
17 475
unemployment
-
-
-
138
health
-
-
-
3 980
pensions

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

-
-
-
5 122
total
-
-
-
26 715
Employee
17 201
-
109 710
-
accident

We are using the highest rate at 1.1%.

189
-
381
-
pensions

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

1 510
-
3 039
-
income
1 720
-
10 971
-
health
791
-
1 592
-
total
4 210
-
15 983
-
Employer
17 201
-
109 710
-
health
1 187
-
2 388
-
pensions

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

1 896
-
3 814
-
accident

We are using the highest rate at 1.1%.

189
-
381
-
unemployment
103
-
208
-
total
3 375
-
6 791
-
Corporate
95 924
116 500
-
-
income
9 592
11 650
-
-
total
9 592
11 650
-
-
Dividends
86 332
104 850
-
-
withholding
4 316
5 242
-
-
total
4 316
5 242
-
-
Income
116 500
116 500
116 500
116 500
Total tax
21 493
16 892
22 774
26 715
After tax
95 007
99 608
93 726
89 785
Living cost
12 990
12 990
12 990
12 990
Free-cash
82 017
86 618
80 736
76 795

Estimated living cost  is ₽12990 per week

₽7584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1874
₽6869
₽11736
₽4366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
26 000
health
-
-
-
12 217
pensions
-
-
-
11 608
total
-
-
-
49 825
Employee
91 856
84 607
99 140
-
pensions
11 608
11 608
11 608
-
income

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

13 849
13 849
13 849
-
health
11 460
11 046
11 875
-
total
36 917
36 503
37 332
-
Employer
91 856
84 607
99 140
-
health
6 383
5 881
6 891
-
pensions
6 393
5 889
6 900
-
unemployment
3 307
3 046
3 569
-
total
16 083
14 816
17 360
-
Corporate
8 561
17 077
-
-
income
1 713
3 416
-
-
total
1 713
3 416
-
-
Dividends
6 848
13 661
-
-
income
1 455
2 903
-
-
withholding
1 027
2 049
-
-
total
2 482
4 952
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 195
59 687
54 692
49 825
After tax
59 305
56 813
61 808
66 675
Living cost
54 939
54 939
54 939
54 939
Free-cash
4 366
1 874
6 869
11 736

Estimated living cost  is ₽54939 per week

₽40527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55609
₽34518
₽32141
₽46832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
10 013
social contributions
-
-
-
34 018
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
59 758
Employee
36 178
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 352
-
5 651
-
income
4 341
-
10 433
-
health
4 884
-
11 737
-
total
11 577
-
27 821
-
Employer
36 178
-
86 940
-
health
3 256
-
7 825
-
social contributions
9 045
-
21 735
-
total
12 301
-
29 560
-
Corporate
68 021
116 500
-
-
income
12 924
22 135
-
-
total
12 924
22 135
-
-
Dividends
55 097
94 365
-
-
withholding
8 265
14 155
-
-
total
8 265
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 067
36 290
57 381
59 758
After tax
71 433
80 210
59 119
56 742
Living cost
24 601
24 601
24 601
24 601
Free-cash
46 832
55 609
34 518
32 141

Estimated living cost  is ₽24601 per week

₽17088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1750
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20351
₽11211
₽16756
₽15180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
social contributions
-
-
-
29 964
regional
-
-
-
1 316
municipal
-
-
-
692
national
-
-
-
25 965
total
-
-
-
57 937
Employee
88 053
-
116 500
-
municipal
466
-
619
-
national
15 257
-
22 423
-
regional
831
-
1 156
-
social contributions
29 691
-
39 284
-
total
46 245
-
63 482
-
Employer
88 053
-
116 500
-
total
-
-
-
-
Corporate
28 447
116 500
-
-
municipal
1 109
4 544
-
-
nationa
6 827
27 960
-
-
total
7 936
32 504
-
-
Dividends
20 511
83 996
-
-
withholding
5 332
21 838
-
-
total
5 332
21 838
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 513
54 342
63 482
57 937
After tax
56 987
62 158
53 018
58 563
Living cost
41 807
41 807
41 807
41 807
Free-cash
15 180
20 351
11 211
16 756

Estimated living cost  is ₽41807 per week

₽29142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽641
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9280
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51416
₽33516
₽35430
₽48331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
24 201
other
-
-
-
-
surtax
-
-
-
3 206
unemployment
-
-
-
226
health
-
-
-
8 273
pensions
-
-
-
23 301
total
-
-
-
59 207
Employee
32 764
-
96 241
-
other
-
-
-
-
unemployment
2 281
-
6 699
-
pensions
2 185
-
6 419
-
surtax
107
-
2 903
-
income
5 492
-
22 387
-
health
837
-
2 455
-
total
10 902
-
40 863
-
Employer
32 764
-
96 241
-
health
1 491
-
4 379
-
pensions
4 368
-
12 828
-
unemployment
1 038
-
3 051
-
other
-
-
-
-
total
6 897
-
20 258
-
Corporate
76 840
116 500
-
-
income
19 979
30 289
-
-
total
19 979
30 289
-
-
Dividends
56 861
86 211
-
-
withholding
8 528
12 932
-
-
total
8 528
12 932
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 306
43 221
61 121
59 207
After tax
70 194
73 279
55 379
57 293
Living cost
21 863
21 863
21 863
21 863
Free-cash
48 331
51 416
33 516
35 430

Estimated living cost  is ₽21863 per week

₽13368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2017
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37354
₽25613
₽36474
₽34437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
27 208
pensions
-
-
-
7 733
total
-
-
-
34 941
Employee
62 574
-
102 301
-
pensions
5 311
-
9 930
-
income
11 270
-
19 967
-
health
908
-
1 706
-
total
17 489
-
31 603
-
Employer
62 574
-
102 301
-
health
1 189
-
1 943
-
pensions
6 774
-
12 256
-
total
7 963
-
14 199
-
Corporate
45 964
116 500
-
-
income

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

8 734
22 136
-
-
total
8 734
22 136
-
-
Dividends
37 230
94 364
-
-
withholding
2 792
11 925
-
-
total
2 792
11 925
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 978
34 061
45 802
34 941
After tax
79 522
82 439
70 698
81 559
Living cost
45 085
45 085
45 085
45 085
Free-cash
34 437
37 354
25 613
36 474

Estimated living cost  is ₽45085 per week

₽33777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽25081
₽12482
₽18266
₽8446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
other

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

-
-
-
2 330
regional
-
-
-
4 379
health
-
-
-
262
city
-
-
-
1 228
national
-
-
-
964
pensions
-
-
-
10 718
total
-
-
-
19 881
Employee
91 693
-
104 273
-
unemployment
-
-
-
-
pensions
7 703
-
8 760
-
national
434
-
724
-
regional
3 002
-
3 745
-
city
984
-
1 121
-
health
207
-
235
-
total
12 330
-
14 585
-
Employer
91 693
-
104 273
-
health
207
-
235
-
pensions
7 703
-
8 760
-
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.

1 833
-
2 085
-
total
9 743
-
11 080
-
Corporate
14 055
116 500
-
-
regional
2 972
24 640
-
-
national
1 195
9 903
-
-
total
4 167
34 543
-
-
Dividends
9 887
81 957
-
-
withholding
3 461
28 685
-
-
total
3 461
28 685
-
-
Income
116 500
116 500
116 500
116 500
Total tax
29 701
63 228
25 665
19 881
After tax
86 799
53 272
90 835
96 619
Living cost
78 353
78 353
78 353
78 353
Free-cash
8 446
-25 081
12 482
18 266

Estimated living cost  is ₽78353 per week

₽50952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽962
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽12268
₽33141
₽21061
₽28337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income

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

-
-
-
29 577
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.

-
-
-
1 626
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.

-
-
-
6 769
trade
-
-
-
12 080
total
-
-
-
50 052
Employee

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

59 543
-
116 500
-
surtax

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

385
-
1 626
-
income

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

7 002
-
29 577
-
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.

6 769
-
6 769
-
total
14 156
-
37 972
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 957
116 500
-
-
income
8 543
17 474
-
-
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.

470
961
-
-
chamber of commerce
231
314
-
-
trade
9 767
19 980
-
-
total
19 011
38 729
-
-
Dividends
37 945
77 771
-
-
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.

500
1 049
-
-
withholding
9 109
19 067
-
-
total
9 609
20 116
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 776
58 845
37 972
50 052
After tax
73 724
57 655
78 528
66 448
Living cost
45 387
45 387
45 387
45 387
Free-cash
28 337
12 268
33 141
21 061

Estimated living cost  is ₽45387 per week

₽33149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24820
₽36559
₽32695
₽30668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
13 559
other
-
-
-
3 612
surtax
-
-
-
-
social contributions
-
-
-
3 318
health
-
-
-
3 115
pensions
-
-
-
26 304
total
-
-
-
49 908
Employee
42 403
-
93 387
-
pensions
4 794
-
5 101
-
surtax
-
-
-
-
social contributions
1 209
-
2 660
-
income
2 502
-
15 169
-
total
8 505
-
22 930
-
Employer
42 403
-
93 387
-
health
2 969
-
6 992
-
pensions
6 966
-
8 836
-
unemployment
1 717
-
3 783
-
social contributions
128
-
280
-
other
1 463
-
3 223
-
total
13 243
-
23 114
-
Corporate
60 855
116 500
-
-
income
17 040
32 621
-
-
surtax
-
-
-
-
total
17 040
32 621
-
-
Dividends
43 815
83 879
-
-
surtax
-
-
-
-
social contributions
7 538
14 426
-
-
withholding
5 609
10 736
-
-
total
13 147
25 162
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 935
57 783
46 044
49 908
After tax
64 565
58 717
70 456
66 592
Living cost
33 897
33 897
33 897
33 897
Free-cash
30 668
24 820
36 559
32 695

Estimated living cost  is ₽33897 per week

₽21374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽577
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28178
₽39917
₽36053
₽33683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
13 559
other
-
-
-
3 612
surtax
-
-
-
-
social contributions
-
-
-
3 318
health
-
-
-
3 115
pensions
-
-
-
26 304
total
-
-
-
49 908
Employee
37 851
-
93 387
-
pensions
4 281
-
5 101
-
surtax
-
-
-
-
social contributions
1 079
-
2 660
-
income
1 952
-
15 169
-
total
7 312
-
22 930
-
Employer
37 851
-
93 387
-
health
2 649
-
6 992
-
pensions
6 220
-
8 836
-
unemployment
1 532
-
3 783
-
social contributions
113
-
280
-
other
1 307
-
3 223
-
total
11 821
-
23 114
-
Corporate
66 829
116 500
-
-
income
18 711
32 621
-
-
surtax
-
-
-
-
total
18 711
32 621
-
-
Dividends
48 117
83 879
-
-
surtax
-
-
-
-
social contributions
8 275
14 426
-
-
withholding
6 159
10 736
-
-
total
14 434
25 162
-
-
Income
116 500
116 500
116 500
116 500
Total tax
52 278
57 783
46 044
49 908
After tax
64 222
58 717
70 456
66 592
Living cost
30 539
30 539
30 539
30 539
Free-cash
33 683
28 178
39 917
36 053

Estimated living cost  is ₽30539 per week

₽17711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50065
₽53108
₽53808
₽50579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
17 474
social contributions
-
-
-
16 077
health
-
-
-
8 132
total
-
-
-
41 683
Employee
33 593
-
116 500
-
social contributions
4 636
-
16 077
-
income
5 603
-
18 174
-
health
2 345
-
8 132
-
total
12 584
-
42 383
-
Employer
33 593
-
116 500
-
total
-
-
-
-
Corporate
82 907
116 500
-
-
income

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

4 146
5 825
-
-
total
4 146
5 825
-
-
Dividends
78 762
110 675
-
-
social contributions
10 869
15 273
-
-
withholding
11 815
16 602
-
-
health
5 498
7 726
-
-
total
28 182
39 601
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 912
45 426
42 383
41 683
After tax
71 588
71 074
74 117
74 817
Living cost
21 009
21 009
21 009
21 009
Free-cash
50 579
50 065
53 108
53 808

Estimated living cost  is ₽21009 per week

₽14060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30100
-₽1807
₽22762
₽28571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
21 821
surtax
-
-
-
196
unemployment
-
-
-
6 077
chamber of commerce
-
-
-
466
health
-
-
-
8 854
pensions
-
-
-
21 413
total
-
-
-
58 827
Employee
49 514
39 483
90 315
-
other
494
395
902
-
unemployment
1 485
1 185
2 709
-
pensions
5 071
4 042
9 249
-
income
5 637
2 912
19 217
-
health
1 916
1 529
3 495
-
total
14 603
10 063
35 572
-
Employer
49 514
39 483
90 315
-
chamber of commerce
197
158
361
-
health
1 871
1 493
3 414
-
pensions
6 214
4 956
11 334
-
accident
643
513
1 173
-
unemployment
1 485
1 185
2 709
-
surtax
196
196
196
-
payroll
1 485
1 185
2 709
-
other
2 352
1 875
4 289
-
total
14 443
11 561
26 185
-
Corporate
52 543
65 457
86 555
-
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.

13 135
16 365
21 639
-
total
13 135
16 365
21 639
-
Dividends
39 408
49 093
-
-
withholding
10 837
13 500
-
-
total
10 837
13 500
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 018
51 489
83 396
58 827
After tax
63 482
65 011
33 104
57 673
Living cost
34 911
34 911
34 911
34 911
Free-cash
28 571
30 100
-1 807
22 762

Estimated living cost  is ₽34911 per week

₽23284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2978
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.
₽8075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29148
₽8130
₽16662
₽14291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
communal

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

-
-
-
5 870
social contributions
-
-
-
18 670
national
-
-
-
39 173
total
-
-
-
63 713
Employee

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

70 870
-
90 232
-
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.

617
-
786
-
communal

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

3 696
-
4 706
-
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.

5 315
-
6 767
-
national
21 788
-
29 477
-
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.

3 330
-
4 242
-
total
34 746
-
45 978
-
Employer

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

70 870
-
90 232
-
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.

4 358
-
5 550
-
pensions

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

6 280
-
7 994
-
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.

921
-
1 173
-
unemployment

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

1 034
-
1 318
-
surtax
8 036
-
10 232
-
total
20 629
-
26 267
-
Corporate
25 001
116 500
-
-
income
4 999
23 301
-
-
surtax
100
466
-
-
total
5 099
23 767
-
-
Dividends
19 902
92 733
-
-
withholding

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

5 610
27 460
-
-
total
5 610
27 460
-
-
Income
116 500
116 500
116 500
116 500
Total tax
66 084
51 227
72 245
63 713
After tax
50 416
65 273
44 255
52 787
Living cost
36 125
36 125
36 125
36 125
Free-cash
14 291
29 148
8 130
16 662

Estimated living cost  is ₽36125 per week

₽23269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3159
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽566
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42575
₽24421
₽28339
₽34780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
827
income
-
-
-
24 830
other
-
-
-
92
unemployment
-
-
-
643
pensions
-
-
-
25 988
total
-
-
-
52 380
Employee
49 318
-
88 339
-
other
49
-
88
-
unemployment
765
-
1 369
-
pensions
2 318
-
4 151
-
income
10 406
-
22 529
-
total
13 538
-
28 137
-
Employer
49 318
-
88 339
-
pensions
11 638
-
20 847
-
accident
976
-
1 749
-
unemployment
2 713
-
4 858
-
other
393
-
707
-
total
15 720
-
28 161
-
Corporate
51 462
116 500
-
-
income

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

7 720
17 474
-
-
total
7 720
17 474
-
-
Dividends
43 742
99 026
-
-
withholding
8 961
20 670
-
-
total
8 961
20 670
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 939
38 144
56 298
52 380
After tax
70 561
78 356
60 202
64 120
Living cost
35 781
35 781
35 781
35 781
Free-cash
34 780
42 575
24 421
28 339

Estimated living cost  is ₽35781 per week

₽26349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16782
₽14897
₽10213
₽9196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
communal
-
-
-
7 363
accident
-
-
-
981
income
-
-
-
12 678
surtax
-
-
-
5 776
health
-
-
-
8 186
pensions
-
-
-
17 461
total
-
-
-
52 445
Employee
75 030
-
104 065
-
pensions
6 001
-
8 325
-
surtax
4 599
-
6 378
-
income
7 247
-
15 992
-
health
3 339
-
4 631
-
total
21 186
-
35 326
-
Employer
75 030
-
104 065
-
health
2 288
-
3 174
-
pensions
6 001
-
8 325
-
accident
675
-
936
-
total
8 964
-
12 435
-
Corporate
32 506
116 500
-
-
communal
-
7 863
-
-
income
4 875
17 474
-
-
surtax
342
1 224
-
-
total
5 217
26 561
-
-
Dividends
27 288
89 939
-
-
income
14 002
5 825
-
-
withholding
4 093
13 490
-
-
total
18 095
19 315
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 462
45 876
47 761
52 445
After tax
63 038
70 624
68 739
64 055
Living cost
53 842
53 842
53 842
53 842
Free-cash
9 196
16 782
14 897
10 213

Estimated living cost  is ₽53842 per week

₽40390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51025
₽33125
₽35039
₽47874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
24 201
other
-
-
-
-
surtax
-
-
-
3 206
unemployment
-
-
-
226
health
-
-
-
8 273
pensions
-
-
-
23 301
total
-
-
-
59 207
Employee
33 365
-
96 241
-
other
-
-
-
-
unemployment
2 322
-
6 699
-
pensions
2 226
-
6 419
-
surtax
118
-
2 903
-
income
5 593
-
22 387
-
health
852
-
2 455
-
total
11 111
-
40 863
-
Employer
33 365
-
96 241
-
health
1 517
-
4 379
-
pensions
4 448
-
12 828
-
unemployment
1 059
-
3 051
-
other
-
-
-
-
total
7 024
-
20 258
-
Corporate
76 110
116 500
-
-
income
19 789
30 289
-
-
total
19 789
30 289
-
-
Dividends
56 322
86 211
-
-
withholding
8 448
12 932
-
-
total
8 448
12 932
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 372
43 221
61 121
59 207
After tax
70 128
73 279
55 379
57 293
Living cost
22 254
22 254
22 254
22 254
Free-cash
47 874
51 025
33 125
35 039

Estimated living cost  is ₽22254 per week

₽13436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34545
₽25918
₽31433
₽32344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
social contributions
-
-
-
29 964
regional
-
-
-
1 757
municipal
-
-
-
692
national
-
-
-
25 965
total
-
-
-
58 378
Employee
54 959
-
116 500
-
municipal
291
-
619
-
national
8 707
-
22 423
-
regional
740
-
1 567
-
social contributions
18 533
-
39 284
-
total
28 271
-
63 893
-
Employer
54 959
-
116 500
-
total
-
-
-
-
Corporate
61 541
116 500
-
-
municipal
3 059
5 791
-
-
nationa
14 771
27 960
-
-
total
17 830
33 751
-
-
Dividends
43 711
82 749
-
-
withholding
11 366
21 515
-
-
total
11 366
21 515
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 467
55 266
63 893
58 378
After tax
59 033
61 234
52 607
58 122
Living cost
26 689
26 689
26 689
26 689
Free-cash
32 344
34 545
25 918
31 433

Estimated living cost  is ₽26689 per week

₽16598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2704
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.
₽6930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49895
₽28804
₽26427
₽39080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
10 013
social contributions
-
-
-
34 018
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
59 758
Employee
44 581
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 898
-
5 651
-
income
5 350
-
10 433
-
health
6 018
-
11 737
-
total
14 266
-
27 821
-
Employer
44 581
-
86 940
-
health
4 012
-
7 825
-
social contributions
11 145
-
21 735
-
total
15 157
-
29 560
-
Corporate
56 761
116 500
-
-
income
10 785
22 135
-
-
total
10 785
22 135
-
-
Dividends
45 977
94 365
-
-
withholding
6 897
14 155
-
-
total
6 897
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
47 105
36 290
57 381
59 758
After tax
69 395
80 210
59 119
56 742
Living cost
30 315
30 315
30 315
30 315
Free-cash
39 080
49 895
28 804
26 427

Estimated living cost  is ₽30315 per week

₽22544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33508
₽1535
₽26260
₽33020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
21 821
surtax
-
-
-
-
unemployment
-
-
-
6 077
chamber of commerce
-
-
-
466
health
-
-
-
8 854
pensions
-
-
-
21 413
total
-
-
-
58 631
Employee
43 309
39 483
90 460
-
other
432
395
904
-
unemployment
1 299
1 185
2 713
-
pensions
4 435
4 042
9 264
-
income
3 858
2 912
19 268
-
health
1 675
1 529
3 501
-
total
11 699
10 063
35 650
-
Employer
43 309
39 483
90 460
-
chamber of commerce
173
158
361
-
health
1 638
1 493
3 420
-
pensions
5 436
4 956
11 352
-
accident
562
513
1 175
-
unemployment
1 299
1 185
2 713
-
surtax
-
-
-
-
payroll
1 299
1 185
2 713
-
other
2 057
1 875
4 296
-
total
12 464
11 365
26 030
-
Corporate
60 727
65 653
86 709
-
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.

15 182
16 414
21 676
-
total
15 182
16 414
21 676
-
Dividends
45 545
49 239
-
-
withholding
12 526
13 541
-
-
total
12 526
13 541
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 871
51 383
83 356
58 631
After tax
64 629
65 117
33 144
57 869
Living cost
31 609
31 609
31 609
31 609
Free-cash
33 020
33 508
1 535
26 260

Estimated living cost  is ₽31609 per week

₽18961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3228
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.
₽8856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽98043
₽80568
₽102703
₽95674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
116 500
microenterprise

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

-
-
-
1 165
total
-
-
-
1 165
Employee
15 791
-
116 500
-
income
3 158
-
23 300
-
total
3 158
-
23 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

100 709
116 500
-
-
total
-
-
-
-
Dividends
100 709
116 500
-
-
withholding
5 036
5 825
-
-
total
5 036
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
8 194
5 825
23 300
1 165
After tax
108 306
110 675
93 200
115 335
Living cost
12 632
12 632
12 632
12 632
Free-cash
95 674
98 043
80 568
102 703

Estimated living cost  is ₽12632 per week

₽8548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53636
₽29598
₽32936
₽45350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
24 075
unemployment
-
-
-
175
health
-
-
-
11 463
pensions
-
-
-
21 276
total
-
-
-
56 989
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.

43 812
-
100 804
-
unemployment
62
-
141
-
pensions
6 791
-
15 624
-
income
7 555
-
22 354
-
health
2 830
-
6 513
-
total
17 238
-
44 632
-
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.

43 812
-
100 804
-
health
2 918
-
6 714
-
pensions
3 877
-
8 921
-
unemployment
26
-
60
-
total
6 821
-
15 695
-
Corporate
65 867
116 500
-
-
income
12 514
22 135
-
-
total
12 514
22 135
-
-
Dividends
53 353
94 365
-
-
withholding
8 002
14 154
-
-
total
8 002
14 154
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 575
36 289
60 327
56 989
After tax
71 925
80 211
56 173
59 511
Living cost
26 574
26 574
26 574
26 574
Free-cash
45 350
53 636
29 598
32 936

Estimated living cost  is ₽26574 per week

₽18238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27487
₽59878
₽37119
-₽33445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
22 708
social contributions
-
-
-
13 281
total
-
-
-
35 989
Employee
62 218
-
-
-
social contributions
5 102
-
727
-
income
13 724
-
-
-
total
18 826
-
727
-
Employer
62 218
-
-
-
social contributions
87 727
-
12 503
-
total
87 727
-
12 503
-
Corporate
-
116 500
-
-
income
-
25 630
-
-
total
-
25 630
-
-
Dividends
-
90 870
-
-
income
-
19 991
-
-
total
-
19 991
-
-
Income
116 500
116 500
116 500
116 500
Total tax
106 553
45 621
13 230
35 989
After tax
9 947
70 879
103 270
80 511
Living cost
43 392
43 392
43 392
43 392
Free-cash
-33 445
27 487
59 878
37 119

Estimated living cost  is ₽43392 per week

₽28154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4081
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35189
₽26204
₽33242
₽34191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
11 697
surtax
-
-
-
-
social contributions

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

-
-
-
40 484
total
-
-
-
52 181
Employee
45 567
-
94 141
-
surtax
-
-
-
-
social contributions
5 013
-
10 356
-
income
9 478
-
26 504
-
total
14 491
-
36 860
-
Employer
45 567
-
94 141
-
social contributions
10 822
-
22 359
-
total
10 822
-
22 359
-
Corporate
60 110
116 500
-
-
income
12 623
24 465
-
-
surtax
-
-
-
-
total
12 623
24 465
-
-
Dividends
47 487
92 035
-
-
withholding
13 296
25 769
-
-
total
13 296
25 769
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 232
50 234
59 219
52 181
After tax
65 268
66 266
57 281
64 319
Living cost
31 077
31 077
31 077
31 077
Free-cash
34 191
35 189
26 204
33 242

Estimated living cost  is ₽31077 per week

₽23252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10864
₽22603
₽18739
₽17675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
13 559
other
-
-
-
3 612
surtax
-
-
-
-
social contributions
-
-
-
3 318
health
-
-
-
3 115
pensions
-
-
-
26 304
total
-
-
-
49 908
Employee
62 053
-
93 387
-
pensions
7 019
-
5 101
-
surtax
-
-
-
-
social contributions
1 767
-
2 660
-
income
5 414
-
15 169
-
total
14 200
-
22 930
-
Employer
62 053
-
93 387
-
health
4 343
-
6 992
-
pensions
10 196
-
8 836
-
unemployment
2 514
-
3 783
-
social contributions
186
-
280
-
other
2 142
-
3 223
-
total
19 381
-
23 114
-
Corporate
35 066
116 500
-
-
income
9 818
32 621
-
-
surtax
-
-
-
-
total
9 818
32 621
-
-
Dividends
25 248
83 879
-
-
surtax
-
-
-
-
social contributions
4 341
14 426
-
-
withholding
3 232
10 736
-
-
total
7 573
25 162
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 972
57 783
46 044
49 908
After tax
65 528
58 717
70 456
66 592
Living cost
47 853
47 853
47 853
47 853
Free-cash
17 675
10 864
22 603
18 739

Estimated living cost  is ₽47853 per week

₽32386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽656
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10896
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75069
₽61114
₽58018
₽71739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
3 070
social contributions
-
-
-
25 630
total
-
-
-
28 700
Employee
31 852
-
100 866
-
income
-
-
3 414
-
social contributions
2 070
-
6 556
-
total
2 070
-
9 970
-
Employer
31 852
-
100 866
-
social contributions
4 937
-
15 634
-
total
4 937
-
15 634
-
Corporate
79 711
116 500
-
-
income
7 972
11 649
-
-
total
7 972
11 649
-
-
Dividends
71 739
104 851
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
14 979
11 649
25 604
28 700
After tax
101 521
104 851
90 896
87 800
Living cost
29 782
29 782
29 782
29 782
Free-cash
71 739
75 069
61 114
58 018

Estimated living cost  is ₽29782 per week

₽19257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽99278
-₽99278
₽23526
-₽99278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
labour market
-
-
-
9 251
municipal
-
-
-
22 547
national
-
-
-
12 622
pensions
-
-
-
858
total
-
-
-
45 278
Employee
201 314
201 314
201 314
-
municipal
42 869
42 869
42 869
-
labour market
16 082
16 082
16 082
-
pensions
286
286
286
-
national
24 594
24 594
24 594
-
total
83 831
83 831
83 831
-
Employer
201 314
201 314
201 314
-
national
24 637
24 637
24 637
-
labour market
16 105
16 105
16 105
-
pensions
572
572
572
-
municipal
42 937
42 937
42 937
-
total
84 251
84 251
84 251
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
168 082
168 082
168 082
45 278
After tax
-51 582
-51 582
-51 582
71 222
Living cost
47 696
47 696
47 696
47 696
Free-cash
-99 278
-99 278
-99 278
23 526

Estimated living cost  is ₽47696 per week

₽32644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽734
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12297
₽39435
₽58123
₽6102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
253
income
-
-
-
29 660
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 172
total
-
-
-
36 644
Employee
34 188
-
101 281
-
pensions
3 850
-
7 650
-
income
4 690
-
20 866
-
health
3 915
-
11 597
-
total
12 455
-
40 113
-
Employer
34 188
-
101 281
-
pensions
5 559
-
11 047
-
accident
571
-
1 691
-
unemployment
838
-
2 481
-
total
6 968
-
15 219
-
Corporate
75 344
116 500
-
-
income

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

67 810
104 850
-
-
total
67 810
104 850
-
-
Dividends
7 534
11 650
-
-
withholding
1 432
2 214
-
-
total
1 432
2 214
-
-
Income
116 500
116 500
116 500
116 500
Total tax
88 665
107 064
55 332
36 644
After tax
27 835
9 436
61 168
79 856
Living cost
21 733
21 733
21 733
21 733
Free-cash
6 102
-12 297
39 435
58 123

Estimated living cost  is ₽21733 per week

₽15819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38091
₽26765
₽42740
₽37739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
116 500
health
-
-
-
1 380
municipal
-
-
-
20 721
national
-
-
-
13 621
total
-
-
-
35 722
Employee
52 126
-
98 007
-
municipal
8 538
-
15 989
-
unemployment
782
-
1 470
-
pensions
3 518
-
6 616
-
national
861
-
8 033
-
health
389
-
1 096
-
total
14 088
-
33 204
-
Employer
52 126
-
98 007
-
health
400
-
754
-
pensions
9 044
-
17 004
-
accident
53
-
98
-
unemployment
338
-
637
-
total
9 835
-
18 493
-
Corporate
54 539
116 500
-
-
income
10 909
23 301
-
-
total
10 909
23 301
-
-
Dividends

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

32 723
69 899
-
-
municipal
5 891
12 582
-
-
national
-
4 488
-
-
total
5 891
17 070
-
-
Income
116 500
116 500
116 500
116 500
Total tax
40 723
40 371
51 697
35 722
After tax
75 777
76 129
64 803
80 778
Living cost
38 038
38 038
38 038
38 038
Free-cash
37 739
38 091
26 765
42 740

Estimated living cost  is ₽38038 per week

₽24846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8929
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62239
₽57555
₽58829
₽56847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
15 731
social contributions
-
-
-
16 030
health
-
-
-
2 971
total
-
-
-
34 732
Employee
76 185
76 185
106 011
-
social contributions
2 880
6 323
8 528
-
income
8 295
7 052
15 186
-
health
590
1 295
1 803
-
total
11 765
14 670
25 517
-
Employer
76 185
76 185
106 011
-
health
641
1 410
1 961
-
social contributions
2 880
6 323
8 528
-
total
3 521
7 733
10 489
-
Corporate
78 274
32 582
-
-
income
9 784
4 072
-
-
total
9 784
4 072
-
-
Dividends
68 489
28 509
-
-
withholding
11 644
4 847
-
-
total
11 644
4 847
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 714
31 322
36 006
34 732
After tax
79 786
85 178
80 494
81 768
Living cost
22 939
22 939
22 939
22 939
Free-cash
56 847
62 239
57 555
58 829

Estimated living cost  is ₽22939 per week

₽13748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80742
₽59608
₽79482
₽75702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
116 500
income
-
-
-
11 373
unemployment
-
-
-
28
health
-
-
-
3 585
pensions
-
-
-
6 302
total
-
-
-
21 288
Employee

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

22 741
-
106 817
-
unemployment
113
-
470
-
pensions
3 411
-
14 101
-
income
1 555
-
8 918
-
health
1 933
-
7 991
-
total
7 012
-
31 480
-
Employer

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

22 741
-
106 817
-
health
978
-
4 042
-
pensions
1 250
-
5 170
-
unemployment
113
-
470
-
total
2 341
-
9 682
-
Corporate
91 418
116 500
-
-
income
8 228
10 486
-
-
total
8 228
10 486
-
-
Dividends
83 190
106 014
-
-
withholding
7 487
9 542
-
-
total
7 487
9 542
-
-
Income
116 500
116 500
116 500
116 500
Total tax
25 068
20 028
41 162
21 288
After tax
91 432
96 472
75 338
95 212
Living cost
15 730
15 730
15 730
15 730
Free-cash
75 702
80 742
59 608
79 482

Estimated living cost  is ₽15730 per week

₽10036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51111
₽32957
₽36875
₽46013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
827
income
-
-
-
24 830
other
-
-
-
92
unemployment
-
-
-
643
pensions
-
-
-
25 988
total
-
-
-
52 380
Employee
36 634
-
88 339
-
other
36
-
88
-
unemployment
568
-
1 369
-
pensions
1 722
-
4 151
-
income
7 063
-
22 529
-
total
9 389
-
28 137
-
Employer
36 634
-
88 339
-
pensions
8 645
-
20 847
-
accident
726
-
1 749
-
unemployment
2 016
-
4 858
-
other
293
-
707
-
total
11 680
-
28 161
-
Corporate
68 186
116 500
-
-
income

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

10 228
17 474
-
-
total
10 228
17 474
-
-
Dividends
57 958
99 026
-
-
withholding
11 945
20 670
-
-
total
11 945
20 670
-
-
Income
116 500
116 500
116 500
116 500
Total tax
43 242
38 144
56 298
52 380
After tax
73 258
78 356
60 202
64 120
Living cost
27 245
27 245
27 245
27 245
Free-cash
46 013
51 111
32 957
36 875

Estimated living cost  is ₽27245 per week

₽18390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70753
₽72503
₽72641
₽70434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
39 472
health
-
-
-
1 027
pensions
-
-
-
1 417
total
-
-
-
41 916
Employee
2 959
-
114 906
-
unemployment
30
-
71
-
pensions
266
-
638
-
income
572
-
39 397
-
health
148
-
354
-
total
1 016
-
40 460
-
Employer
2 959
-
114 906
-
health
281
-
673
-
pensions
325
-
779
-
unemployment
59
-
142
-
total
665
-
1 594
-
Corporate
112 876
116 500
-
-
income
24 833
25 630
-
-
total
24 833
25 630
-
-
Dividends
88 043
90 870
-
-
withholding
17 609
18 174
-
-
total
17 609
18 174
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 123
43 804
42 054
41 916
After tax
72 377
72 696
74 446
74 584
Living cost
1 943
1 943
1 943
1 943
Free-cash
70 434
70 753
72 503
72 641

Estimated living cost  is ₽1943 per week

₽1154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽157
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.
₽586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67031
₽46690
₽46688
₽62155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
24 985
unemployment
-
-
-
1 099
health
-
-
-
7 544
pensions
-
-
-
19 044
total
-
-
-
52 672
Employee

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

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

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

25 846
-
103 389
-
unemployment
194
-
549
-
pensions
3 618
-
10 254
-
income
3 563
-
24 985
-
health
1 331
-
3 772
-
total
8 706
-
39 560
-
Employer

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

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

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

25 846
-
103 389
-
health
1 331
-
3 772
-
pensions
3 101
-
8 789
-
unemployment
194
-
549
-
total
4 626
-
13 110
-
Corporate
86 028
116 500
-
-
income
12 904
17 475
-
-
total
12 904
17 475
-
-
Dividends
73 124
99 025
-
-
withholding
10 969
14 854
-
-
total
10 969
14 854
-
-
Income
116 500
116 500
116 500
116 500
Total tax
37 205
32 329
52 670
52 672
After tax
79 295
84 171
63 830
63 828
Living cost
17 140
17 140
17 140
17 140
Free-cash
62 155
67 031
46 690
46 688

Estimated living cost  is ₽17140 per week

₽11540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1326
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽39556
₽30571
₽37609
₽39198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
11 697
surtax
-
-
-
-
social contributions

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

-
-
-
40 484
total
-
-
-
52 181
Employee
38 454
-
94 141
-
surtax
-
-
-
-
social contributions
4 230
-
10 356
-
income
7 514
-
26 504
-
total
11 744
-
36 860
-
Employer
38 454
-
94 141
-
social contributions
9 132
-
22 359
-
total
9 132
-
22 359
-
Corporate
68 914
116 500
-
-
income
14 472
24 465
-
-
surtax
-
-
-
-
total
14 472
24 465
-
-
Dividends
54 443
92 035
-
-
withholding
15 244
25 769
-
-
total
15 244
25 769
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 592
50 234
59 219
52 181
After tax
65 908
66 266
57 281
64 319
Living cost
26 710
26 710
26 710
26 710
Free-cash
39 198
39 556
30 571
37 609

Estimated living cost  is ₽26710 per week

₽18918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43536
₽25382
₽29300
₽36079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
827
income
-
-
-
24 830
other
-
-
-
92
unemployment
-
-
-
643
pensions
-
-
-
25 988
total
-
-
-
52 380
Employee
47 849
-
88 339
-
other
47
-
88
-
unemployment
741
-
1 369
-
pensions
2 249
-
4 151
-
income
9 994
-
22 529
-
total
13 031
-
28 137
-
Employer
47 849
-
88 339
-
pensions
11 292
-
20 847
-
accident
948
-
1 749
-
unemployment
2 632
-
4 858
-
other
384
-
707
-
total
15 256
-
28 161
-
Corporate
53 395
116 500
-
-
income

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

8 009
17 474
-
-
total
8 009
17 474
-
-
Dividends
45 386
99 026
-
-
withholding
9 305
20 670
-
-
total
9 305
20 670
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 601
38 144
56 298
52 380
After tax
70 899
78 356
60 202
64 120
Living cost
34 820
34 820
34 820
34 820
Free-cash
36 079
43 536
25 382
29 300

Estimated living cost  is ₽34820 per week

₽25006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2707
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.
₽6616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82564
₽76682
₽72741
₽76526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
17 475
unemployment
-
-
-
138
health
-
-
-
3 980
pensions

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

-
-
-
5 122
total
-
-
-
26 715
Employee
22 568
-
109 710
-
accident

We are using the highest rate at 1.1%.

248
-
381
-
pensions

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

1 981
-
3 039
-
income
2 257
-
10 971
-
health
1 038
-
1 592
-
total
5 524
-
15 983
-
Employer
22 568
-
109 710
-
health
1 557
-
2 388
-
pensions

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

2 487
-
3 814
-
accident

We are using the highest rate at 1.1%.

248
-
381
-
unemployment
136
-
208
-
total
4 428
-
6 791
-
Corporate
89 504
116 500
-
-
income
8 950
11 650
-
-
total
8 950
11 650
-
-
Dividends
80 554
104 850
-
-
withholding
4 028
5 242
-
-
total
4 028
5 242
-
-
Income
116 500
116 500
116 500
116 500
Total tax
22 930
16 892
22 774
26 715
After tax
93 570
99 608
93 726
89 785
Living cost
17 044
17 044
17 044
17 044
Free-cash
76 526
82 564
76 682
72 741

Estimated living cost  is ₽17044 per week

₽11273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21801
₽40277
₽30169
₽34763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income

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

-
-
-
29 577
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.

-
-
-
1 626
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.

-
-
-
6 769
trade
-
-
-
10 108
total
-
-
-
48 080
Employee

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

49 297
-
116 500
-
surtax

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

224
-
1 626
-
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.

4 054
-
29 577
-
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.

6 769
-
6 769
-
total
11 047
-
37 972
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 203
116 500
-
-
income
10 081
17 474
-
-
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.

555
961
-
-
chamber of commerce
248
322
-
-
trade
9 643
16 718
-
-
total
20 527
35 475
-
-
Dividends
46 676
81 025
-
-
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.

620
1 094
-
-
withholding
11 292
19 879
-
-
total
11 912
20 973
-
-
Income
116 500
116 500
116 500
116 500
Total tax
43 486
56 448
37 972
48 080
After tax
73 014
60 052
78 528
68 420
Living cost
38 251
38 251
38 251
38 251
Free-cash
34 763
21 801
40 277
30 169

Estimated living cost  is ₽38251 per week

₽26386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25112
₽19110
₽19110
₽27299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
30 224
social contributions
-
-
-
10 728
total
-
-
-
40 952
Employee
77 500
-
116 500
-
income
14 624
-
30 224
-
social contributions
6 439
-
10 728
-
total
21 063
-
40 952
-
Employer
77 500
-
116 500
-
total
-
-
-
-
Corporate
39 000
116 500
-
-
income
4 875
14 562
-
-
total
4 875
14 562
-
-
Dividends
34 125
101 938
-
-
withholding
6 825
20 388
-
-
total
6 825
20 388
-
-
Income
116 500
116 500
116 500
116 500
Total tax
32 763
34 950
40 952
40 952
After tax
83 737
81 550
75 548
75 548
Living cost
56 438
56 438
56 438
56 438
Free-cash
27 299
25 112
19 110
19 110

Estimated living cost  is ₽56438 per week

₽42937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4599
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.
₽8363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34526
₽49865
₽46303
₽37988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
28 202
health

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

-
-
-
6 030
total
-
-
-
34 232
Employee
45 450
-
111 942
-
income
4 932
-
21 554
-
social contributions
4 554
-
4 558
-
total
9 486
-
26 112
-
Employer
45 450
-
111 942
-
social contributions
4 554
-
4 558
-
total
4 554
-
4 558
-
Corporate
66 496
116 500
-
-
income
23 273
40 775
-
-
total
23 273
40 775
-
-
Dividends
43 223
75 725
-
-
social contributions
5 234
5 234
-
-
total
5 234
5 234
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 547
46 009
30 670
34 232
After tax
73 953
70 491
85 830
82 268
Living cost
35 965
35 965
35 965
35 965
Free-cash
37 988
34 526
49 865
46 303

Estimated living cost  is ₽35965 per week

₽23690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2835
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45787
₽34046
₽44907
₽45067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
27 208
pensions
-
-
-
7 733
total
-
-
-
34 941
Employee
50 310
-
102 301
-
pensions
3 840
-
9 930
-
income
9 162
-
19 967
-
health
656
-
1 706
-
total
13 658
-
31 603
-
Employer
50 310
-
102 301
-
health
956
-
1 943
-
pensions
5 083
-
12 256
-
total
6 039
-
14 199
-
Corporate
60 150
116 500
-
-
income

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

11 429
22 136
-
-
total
11 429
22 136
-
-
Dividends
48 722
94 364
-
-
withholding
3 655
11 925
-
-
total
3 655
11 925
-
-
Income
116 500
116 500
116 500
116 500
Total tax
34 781
34 061
45 802
34 941
After tax
81 719
82 439
70 698
81 559
Living cost
36 652
36 652
36 652
36 652
Free-cash
45 067
45 787
34 046
44 907

Estimated living cost  is ₽36652 per week

₽25143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14449
₽37283
₽55971
₽5773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
accident
-
-
-
253
income
-
-
-
29 660
other
-
-
-
372
health
-
-
-
2 187
pensions
-
-
-
4 172
total
-
-
-
36 644
Employee
37 572
-
101 281
-
pensions
4 231
-
7 650
-
income
5 155
-
20 866
-
health
4 302
-
11 597
-
total
13 688
-
40 113
-
Employer
37 572
-
101 281
-
pensions
6 109
-
11 047
-
accident
627
-
1 691
-
unemployment
920
-
2 481
-
total
7 656
-
15 219
-
Corporate
71 271
116 500
-
-
income

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

64 144
104 850
-
-
total
64 144
104 850
-
-
Dividends
7 127
11 650
-
-
withholding
1 354
2 214
-
-
total
1 354
2 214
-
-
Income
116 500
116 500
116 500
116 500
Total tax
86 842
107 064
55 332
36 644
After tax
29 658
9 436
61 168
79 856
Living cost
23 885
23 885
23 885
23 885
Free-cash
5 773
-14 449
37 283
55 971

Estimated living cost  is ₽23885 per week

₽17529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1392
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.
₽4483
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84651
₽62998
₽52748
₽80015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
116 500
income
-
-
-
18 330
unemployment
-
-
-
1 398
work injury
-
-
-
583
health insurance
-
-
-
8 621
pensions
-
-
-
21 436
total
-
-
-
50 368
Employee

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

21 414
-
116 500
-
health insurance
1 585
-
5 863
-
unemployment
257
-
951
-
work injury
107
-
396
-
pensions
3 940
-
14 578
-
income
2 141
-
18 330
-
total
8 030
-
40 118
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
95 086
116 500
-
-
income

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

951
1 165
-
-
total
951
1 165
-
-
Dividends
94 135
115 335
-
-
withholding
14 120
17 300
-
-
total
14 120
17 300
-
-
Income
116 500
116 500
116 500
116 500
Total tax
23 101
18 465
40 118
50 368
After tax
93 399
98 035
76 382
66 132
Living cost
13 384
13 384
13 384
13 384
Free-cash
80 015
84 651
62 998
52 748

Estimated living cost  is ₽13384 per week

₽8291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽418
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3702
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₽21894
₽12505
₽17837
₽17386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
social contributions
-
-
-
29 964
regional
-
-
-
2 486
municipal
-
-
-
778
national
-
-
-
25 965
total
-
-
-
59 193
Employee
83 488
-
116 500
-
municipal
498
-
696
-
national
14 109
-
22 423
-
regional
1 260
-
2 122
-
social contributions
28 152
-
39 284
-
total
44 019
-
64 525
-
Employer
83 488
-
116 500
-
total
-
-
-
-
Corporate
33 012
116 500
-
-
municipal
1 591
5 616
-
-
nationa
7 923
27 960
-
-
total
9 514
33 576
-
-
Dividends
23 498
82 924
-
-
withholding
6 111
21 560
-
-
total
6 111
21 560
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 644
55 136
64 525
59 193
After tax
56 856
61 364
51 975
57 307
Living cost
39 470
39 470
39 470
39 470
Free-cash
17 386
21 894
12 505
17 837

Estimated living cost  is ₽39470 per week

₽27725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽596
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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