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
₽30722
₽49551
₽37998
₽40988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 801
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.

-
-
-
1 694
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.

-
-
-
6 341
trade
-
-
-
11 553
total
-
-
-
50 389
Employee

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

35 500
-
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.

55
-
1 694
-
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.

992
-
30 801
-
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.

6 341
-
6 341
-
total
7 388
-
38 836
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
81 000
116 500
-
-
income
12 150
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.

668
962
-
-
chamber of commerce
257
308
-
-
trade
12 757
18 348
-
-
total
25 832
37 092
-
-
Dividends
55 168
79 408
-
-
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.

740
1 073
-
-
withholding
13 439
19 500
-
-
total
14 179
20 573
-
-
Income
116 500
116 500
116 500
116 500
Total tax
47 399
57 665
38 836
50 389
After tax
69 101
58 835
77 664
66 111
Living cost
28 113
28 113
28 113
28 113
Free-cash
40 988
30 722
49 551
37 998

Estimated living cost  is ₽28113 per week

₽17684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22910
₽20877
₽19963
₽22082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 362
national
-
-
-
19 157
pensions
-
-
-
13 980
total
-
-
-
46 751
Employee
77 178
-
100 713
-
municipal
9 533
-
12 813
-
pensions
3 087
-
4 029
-
national
14 772
-
19 855
-
total
27 392
-
36 697
-
Employer
77 178
-
100 713
-
pensions
6 174
-
8 057
-
social contributions
830
-
1 083
-
total
7 004
-
9 140
-
Corporate
27 224
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%.

5 445
23 300
-
-
total
5 445
23 300
-
-
Dividends
21 779
93 200
-
-
withholding
4 791
20 504
-
-
total
4 791
20 504
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 632
43 804
45 837
46 751
After tax
71 868
72 696
70 663
69 749
Living cost
49 786
49 786
49 786
49 786
Free-cash
22 082
22 910
20 877
19 963

Estimated living cost  is ₽49786 per week

₽33839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73891
₽46086
₽14362
₽66276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 559
surtax
-
-
-
29 707
social contributions

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

-
-
-
35 562
microenterprise
-
-
-
-
total
-
-
-
82 828
Employee
27 121
-
93 882
-
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.

2 984
-
10 327
-
income
4 828
-
18 161
-
total
7 812
-
28 488
-
Employer
27 121
-
93 882
-
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.

6 533
-
22 616
-
surtax
-
-
-
-
total
6 533
-
22 616
-
Corporate
82 846
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%.

16 569
23 299
-
-
total
16 569
23 299
-
-
Dividends

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

66 277
93 201
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
30 914
23 299
51 104
82 828
After tax
85 586
93 201
65 396
33 672
Living cost
19 310
19 310
19 310
19 310
Free-cash
66 276
73 891
46 086
14 362

Estimated living cost  is ₽19310 per week

₽12319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18094
₽25075
₽28137
₽12408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 161
health
-
-
-
11 445
pensions
-
-
-
10 875
total
-
-
-
49 481
Employee
79 261
79 261
99 251
-
pensions
14 267
10 875
10 875
-
income

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

12 974
12 974
12 974
-
health
12 166
10 348
11 445
-
total
39 407
34 197
35 294
-
Employer
79 261
79 261
99 251
-
health
5 510
5 510
6 846
-
pensions
5 517
5 517
6 857
-
unemployment
2 853
2 853
3 546
-
total
13 880
13 880
17 249
-
Corporate
24 332
23 360
-
-
income
4 867
4 671
-
-
total
4 867
4 671
-
-
Dividends
19 465
18 688
-
-
income
4 136
3 972
-
-
withholding
2 920
2 804
-
-
total
7 056
6 776
-
-
Income
116 500
116 500
116 500
116 500
Total tax
65 210
59 524
52 543
49 481
After tax
51 290
56 976
63 957
67 019
Living cost
38 882
38 882
38 882
38 882
Free-cash
12 408
18 094
25 075
28 137

Estimated living cost  is ₽38882 per week

₽27555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25743
₽23180
₽24202
₽24894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
166
other
-
-
-
9 643
unemployment
-
-
-
83
health
-
-
-
5 178
municipal
-
-
-
27 571
national
-
-
-
2 820
pensions
-
-
-
8 971
total
-
-
-
54 432
Employee
53 955
-
90 425
-
municipal
16 089
-
26 965
-
national
-
-
2 414
-
total
16 089
-
29 379
-
Employer
53 955
-
90 425
-
health
3 318
-
5 104
-
pensions
5 832
-
8 971
-
accident
108
-
166
-
unemployment
1 424
-
2 191
-
other
6 270
-
9 643
-
total
16 952
-
26 075
-
Corporate
45 592
116 500
-
-
income
10 030
25 630
-
-
total
10 030
25 630
-
-
Dividends
35 562
90 870
-
-
withholding
10 669
27 261
-
-
total
10 669
27 261
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 740
52 891
55 454
54 432
After tax
62 760
63 609
61 046
62 068
Living cost
37 866
37 866
37 866
37 866
Free-cash
24 894
25 743
23 180
24 202

Estimated living cost  is ₽37866 per week

₽25096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽21774
₽41202
₽29137
₽34816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 801
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.

-
-
-
1 694
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.

-
-
-
6 341
trade
-
-
-
12 065
total
-
-
-
50 901
Employee

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

47 069
-
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.

222
-
1 694
-
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.

4 044
-
30 801
-
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.

6 341
-
6 341
-
total
10 607
-
38 836
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 431
116 500
-
-
income
10 415
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.

572
962
-
-
chamber of commerce
240
306
-
-
trade
11 421
19 164
-
-
total
22 648
37 906
-
-
Dividends
46 784
78 594
-
-
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.

624
1 062
-
-
withholding
11 343
19 296
-
-
total
11 967
20 358
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 222
58 264
38 836
50 901
After tax
71 278
58 236
77 664
65 599
Living cost
36 462
36 462
36 462
36 462
Free-cash
34 816
21 774
41 202
29 137

Estimated living cost  is ₽36462 per week

₽24386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55036
₽50275
₽51517
₽51187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 890
social contributions
-
-
-
15 017
health
-
-
-
2 971
total
-
-
-
34 878
Employee
71 371
71 371
106 540
-
social contributions
3 468
5 923
7 990
-
income
7 495
6 607
16 358
-
health
710
1 214
1 811
-
total
11 673
13 744
26 159
-
Employer
71 371
71 371
106 540
-
health
773
1 321
1 971
-
social contributions
3 468
5 923
7 990
-
total
4 241
7 244
9 961
-
Corporate
70 481
37 885
-
-
income
8 810
4 736
-
-
total
8 810
4 736
-
-
Dividends
61 671
33 148
-
-
withholding
10 484
5 635
-
-
total
10 484
5 635
-
-
Income
116 500
116 500
116 500
116 500
Total tax
35 208
31 359
36 120
34 878
After tax
81 292
85 141
80 380
81 622
Living cost
30 105
30 105
30 105
30 105
Free-cash
51 187
55 036
50 275
51 517

Estimated living cost  is ₽30105 per week

₽20580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6668
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48541
₽50535
₽63704
₽48898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 747
health
-
-
-
8 155
pensions
-
-
-
11 650
total
-
-
-
35 794
Employee

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

The minimum wage is 138,000 HUF per month.

24 542
9 768
97 490
-
unemployment
368
147
1 462
-
pensions
2 454
977
9 749
-
income
3 000
1 194
11 918
-
health
1 718
684
6 824
-
total
7 540
3 002
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.

24 542
9 768
97 490
-
pensions
4 786
1 905
19 010
-
total
4 786
1 905
19 010
-
Corporate
87 172
104 828
-
-
income
7 845
9 435
-
-
total
7 845
9 435
-
-
Dividends
79 326
95 393
-
-
social contributions
15 357
18 490
-
-
withholding
15 072
18 125
-
-
total
30 429
36 615
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 600
50 957
48 963
35 794
After tax
65 900
65 543
67 537
80 706
Living cost
17 002
17 002
17 002
17 002
Free-cash
48 898
48 541
50 535
63 704

Estimated living cost  is ₽17002 per week

₽11602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70783
₽44733
₽40026
₽65017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 144
pensions
-
-
-
23 301
total
-
-
-
54 056
Employee
26 330
-
87 070
-
unemployment
421
-
1 393
-
pensions
527
-
1 742
-
income
2 964
-
16 787
-
total
3 912
-
19 922
-
Employer
26 330
-
87 070
-
health
3 422
-
11 318
-
pensions
5 266
-
17 413
-
unemployment
211
-
696
-
total
8 899
-
29 427
-
Corporate
81 269
116 500
-
-
income
16 254
23 299
-
-
total
16 254
23 299
-
-
Dividends
65 016
93 201
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
29 065
23 299
49 349
54 056
After tax
87 435
93 201
67 151
62 444
Living cost
22 418
22 418
22 418
22 418
Free-cash
65 017
70 783
44 733
40 026

Estimated living cost  is ₽22418 per week

₽15377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11236
₽40885
₽59144
₽6265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
237
income
-
-
-
30 139
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
36 683
Employee
32 520
-
101 947
-
pensions
3 662
-
7 169
-
income
4 461
-
21 547
-
health
3 724
-
11 673
-
total
11 847
-
40 389
-
Employer
32 520
-
101 947
-
pensions
5 288
-
10 353
-
accident
543
-
1 702
-
unemployment
797
-
2 498
-
total
6 628
-
14 553
-
Corporate
77 352
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.

69 617
104 850
-
-
total
69 617
104 850
-
-
Dividends
7 735
11 650
-
-
withholding
1 470
2 213
-
-
total
1 470
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
89 562
107 063
54 942
36 683
After tax
26 938
9 437
61 558
79 817
Living cost
20 673
20 673
20 673
20 673
Free-cash
6 265
-11 236
40 885
59 144

Estimated living cost  is ₽20673 per week

₽15152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103081
₽85606
₽107741
₽101658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 492
-
116 500
-
income
1 898
-
23 300
-
total
1 898
-
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%.

107 008
116 500
-
-
total
-
-
-
-
Dividends
107 008
116 500
-
-
withholding
5 350
5 825
-
-
total
5 350
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
7 248
5 825
23 300
1 165
After tax
109 252
110 675
93 200
115 335
Living cost
7 594
7 594
7 594
7 594
Free-cash
101 658
103 081
85 606
107 741

Estimated living cost  is ₽7594 per week

₽4706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60860
₽42424
₽37604
₽54594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 542
other
-
-
-
5 534
health
-
-
-
5 126
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.

-
-
-
27 962
total
-
-
-
54 164
Employee
33 700
-
93 051
-
unemployment
336
-
930
-
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.

2 358
-
6 513
-
income
5 802
-
17 149
-
health
472
-
1 303
-
total
8 968
-
25 895
-
Employer
33 700
-
93 051
-
health
472
-
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.

5 730
-
15 819
-
accident
269
-
745
-
unemployment
336
-
930
-
other
1 686
-
4 652
-
total
8 493
-
23 449
-
Corporate
74 306
116 500
-
-
income
15 604
24 465
-
-
total
15 604
24 465
-
-
Dividends
58 702
92 035
-
-
withholding
4 109
6 443
-
-
total
4 109
6 443
-
-
Income
116 500
116 500
116 500
116 500
Total tax
37 174
30 908
49 344
54 164
After tax
79 326
85 592
67 156
62 336
Living cost
24 732
24 732
24 732
24 732
Free-cash
54 594
60 860
42 424
37 604

Estimated living cost  is ₽24732 per week

₽17474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19624
₽8329
₽19126
₽13091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 451
pensions
-
-
-
7 369
total
-
-
-
35 820
Employee
87 090
-
102 192
-
pensions
8 402
-
9 397
-
income
15 699
-
21 253
-
health
1 435
-
1 658
-
total
25 536
-
32 308
-
Employer
87 090
-
102 192
-
health
1 654
-
1 942
-
pensions
10 283
-
12 367
-
total
11 937
-
14 309
-
Corporate
17 473
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.

3 320
22 135
-
-
total
3 320
22 135
-
-
Dividends
14 153
94 365
-
-
withholding
1 062
13 187
-
-
total
1 062
13 187
-
-
Income
116 500
116 500
116 500
116 500
Total tax
41 855
35 322
46 617
35 820
After tax
74 645
81 178
69 883
80 680
Living cost
61 554
61 554
61 554
61 554
Free-cash
13 091
19 624
8 329
19 126

Estimated living cost  is ₽61554 per week

₽46124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7232
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽87438
₽82259
₽78198
₽83128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
130
health
-
-
-
3 729
pensions

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

-
-
-
4 798
total
-
-
-
26 132
Employee
16 114
-
110 139
-
accident

We are using the highest rate at 1.1%.

177
-
357
-
pensions

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

1 415
-
2 847
-
income
1 611
-
11 014
-
health
741
-
1 491
-
total
3 944
-
15 709
-
Employer
16 114
-
110 139
-
health
1 112
-
2 237
-
pensions

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

1 776
-
3 573
-
accident

We are using the highest rate at 1.1%.

177
-
357
-
unemployment
96
-
195
-
total
3 161
-
6 362
-
Corporate
97 224
116 500
-
-
income
9 722
11 650
-
-
total
9 722
11 650
-
-
Dividends
87 502
104 850
-
-
withholding
4 375
5 242
-
-
total
4 375
5 242
-
-
Income
116 500
116 500
116 500
116 500
Total tax
21 202
16 892
22 071
26 132
After tax
95 298
99 608
94 429
90 368
Living cost
12 170
12 170
12 170
12 170
Free-cash
83 128
87 438
82 259
78 198

Estimated living cost  is ₽12170 per week

₽7105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5508
₽12489
₽15551
₽7844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 161
health
-
-
-
11 445
pensions
-
-
-
10 875
total
-
-
-
49 481
Employee
86 052
79 261
99 251
-
pensions
10 875
10 875
10 875
-
income

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

12 974
12 974
12 974
-
health
10 735
10 348
11 445
-
total
34 584
34 197
35 294
-
Employer
86 052
79 261
99 251
-
health
5 980
5 510
6 846
-
pensions
5 989
5 517
6 857
-
unemployment
3 098
2 853
3 546
-
total
15 067
13 880
17 249
-
Corporate
15 381
23 360
-
-
income
3 077
4 671
-
-
total
3 077
4 671
-
-
Dividends
12 304
18 688
-
-
income
2 614
3 972
-
-
withholding
1 846
2 804
-
-
total
4 460
6 776
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 188
59 524
52 543
49 481
After tax
59 312
56 976
63 957
67 019
Living cost
51 468
51 468
51 468
51 468
Free-cash
7 844
5 508
12 489
15 551

Estimated living cost  is ₽51468 per week

₽37966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4597
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.
₽8315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57104
₽36013
₽34290
₽48861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 128
social contributions
-
-
-
33 249
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
59 104
Employee
33 980
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 209
-
5 651
-
income
4 078
-
10 433
-
health
4 587
-
11 737
-
total
10 874
-
27 821
-
Employer
33 980
-
86 940
-
health
3 058
-
7 825
-
social contributions
8 495
-
21 735
-
total
11 553
-
29 560
-
Corporate
70 967
116 500
-
-
income
13 484
22 135
-
-
total
13 484
22 135
-
-
Dividends
57 483
94 365
-
-
withholding
8 622
14 155
-
-
total
8 622
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 533
36 290
57 381
59 104
After tax
71 967
80 210
59 119
57 396
Living cost
23 106
23 106
23 106
23 106
Free-cash
48 861
57 104
36 013
34 290

Estimated living cost  is ₽23106 per week

₽16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22992
₽13407
₽18950
₽18148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 326
municipal
-
-
-
692
national
-
-
-
26 403
total
-
-
-
58 385
Employee
82 489
-
116 500
-
municipal
437
-
618
-
national
14 293
-
22 861
-
regional
778
-
1 166
-
social contributions
27 815
-
39 283
-
total
43 323
-
63 928
-
Employer
82 489
-
116 500
-
total
-
-
-
-
Corporate
34 011
116 500
-
-
municipal
1 326
4 544
-
-
nationa
8 162
27 960
-
-
total
9 488
32 504
-
-
Dividends
24 523
83 996
-
-
withholding
6 376
21 839
-
-
total
6 376
21 839
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 187
54 343
63 928
58 385
After tax
57 313
62 157
52 572
58 115
Living cost
39 165
39 165
39 165
39 165
Free-cash
18 148
22 992
13 407
18 950

Estimated living cost  is ₽39165 per week

₽27301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52797
₽33822
₽35744
₽49907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 089
other
-
-
-
-
surtax
-
-
-
3 405
unemployment
-
-
-
211
health
-
-
-
8 271
pensions
-
-
-
23 299
total
-
-
-
60 275
Employee
30 694
-
96 239
-
other
-
-
-
-
unemployment
2 137
-
6 698
-
pensions
2 047
-
6 418
-
surtax
100
-
3 102
-
income
5 145
-
23 266
-
health
784
-
2 455
-
total
10 213
-
41 939
-
Employer
30 694
-
96 239
-
health
1 397
-
4 379
-
pensions
4 092
-
12 828
-
unemployment
972
-
3 051
-
other
-
-
-
-
total
6 461
-
20 258
-
Corporate
79 346
116 500
-
-
income
20 631
30 290
-
-
total
20 631
30 290
-
-
Dividends
58 715
86 210
-
-
withholding
8 807
12 932
-
-
total
8 807
12 932
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 112
43 222
62 197
60 275
After tax
70 388
73 278
54 303
56 225
Living cost
20 481
20 481
20 481
20 481
Free-cash
49 907
52 797
33 822
35 744

Estimated living cost  is ₽20481 per week

₽12523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
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.
₽5596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39126
₽27831
₽38628
₽37993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 451
pensions
-
-
-
7 369
total
-
-
-
35 820
Employee
58 366
-
102 192
-
pensions
4 954
-
9 397
-
income
10 512
-
21 253
-
health
847
-
1 658
-
total
16 313
-
32 308
-
Employer
58 366
-
102 192
-
health
1 109
-
1 942
-
pensions
6 318
-
12 367
-
total
7 427
-
14 309
-
Corporate
50 708
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.

9 634
22 135
-
-
total
9 634
22 135
-
-
Dividends
41 073
94 365
-
-
withholding
3 081
13 187
-
-
total
3 081
13 187
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 455
35 322
46 617
35 820
After tax
80 045
81 178
69 883
80 680
Living cost
42 052
42 052
42 052
42 052
Free-cash
37 993
39 126
27 831
38 628

Estimated living cost  is ₽42052 per week

₽31505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3152
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽20652
₽16654
₽22435
₽10977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 540
health
-
-
-
262
city
-
-
-
1 228
national
-
-
-
1 063
pensions
-
-
-
10 718
total
-
-
-
20 141
Employee
86 510
-
104 275
-
unemployment
-
-
-
-
pensions
7 268
-
8 758
-
national
409
-
824
-
regional
2 833
-
3 907
-
city
928
-
1 120
-
health
196
-
235
-
total
11 634
-
14 844
-
Employer
86 510
-
104 275
-
health
196
-
235
-
pensions
7 268
-
8 758
-
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.

1 730
-
2 085
-
total
9 194
-
11 078
-
Corporate
19 846
116 500
-
-
regional
4 198
24 640
-
-
national
1 686
9 903
-
-
total
5 884
34 543
-
-
Dividends
13 962
81 956
-
-
withholding
4 887
28 685
-
-
total
4 887
28 685
-
-
Income
116 500
116 500
116 500
116 500
Total tax
31 599
63 228
25 922
20 141
After tax
84 901
53 272
90 578
96 359
Living cost
73 924
73 924
73 924
73 924
Free-cash
10 977
-20 652
16 654
22 435

Estimated living cost  is ₽73924 per week

₽48072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽908
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽15118
₽35145
₽22565
₽30170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 801
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.

-
-
-
1 694
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.

-
-
-
6 341
trade
-
-
-
12 580
total
-
-
-
51 416
Employee

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

55 781
-
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.

361
-
1 694
-
income

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

6 559
-
30 801
-
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.

6 341
-
6 341
-
total
13 261
-
38 836
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 719
116 500
-
-
income
9 108
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.

500
962
-
-
chamber of commerce
227
305
-
-
trade
10 413
19 979
-
-
total
20 248
38 720
-
-
Dividends
40 471
77 780
-
-
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.

537
1 050
-
-
withholding
9 765
19 093
-
-
total
10 302
20 143
-
-
Income
116 500
116 500
116 500
116 500
Total tax
43 811
58 863
38 836
51 416
After tax
72 689
57 637
77 664
65 084
Living cost
42 519
42 519
42 519
42 519
Free-cash
30 170
15 118
35 145
22 565

Estimated living cost  is ₽42519 per week

₽31054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3401
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.
₽7512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26961
₽37511
₽34656
₽32444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 446
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 320
health
-
-
-
3 459
pensions
-
-
-
25 253
total
-
-
-
50 089
Employee
39 724
-
92 849
-
pensions
4 491
-
5 321
-
surtax
-
-
-
-
social contributions
1 133
-
2 646
-
income
2 344
-
15 617
-
total
7 968
-
23 584
-
Employer
39 724
-
92 849
-
health
2 781
-
7 247
-
pensions
6 526
-
9 161
-
unemployment
1 608
-
3 760
-
social contributions
120
-
278
-
other
1 370
-
3 204
-
total
12 405
-
23 650
-
Corporate
64 371
116 500
-
-
income
18 024
32 620
-
-
surtax
-
-
-
-
total
18 024
32 620
-
-
Dividends
46 347
83 880
-
-
surtax
-
-
-
-
social contributions
7 972
14 427
-
-
withholding
5 932
10 737
-
-
total
13 904
25 164
-
-
Income
116 500
116 500
116 500
116 500
Total tax
52 301
57 784
47 234
50 089
After tax
64 199
58 716
69 266
66 411
Living cost
31 755
31 755
31 755
31 755
Free-cash
32 444
26 961
37 511
34 656

Estimated living cost  is ₽31755 per week

₽20023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30107
₽40657
₽37802
₽35262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 446
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 320
health
-
-
-
3 459
pensions
-
-
-
25 253
total
-
-
-
50 089
Employee
35 459
-
92 849
-
pensions
4 011
-
5 321
-
surtax
-
-
-
-
social contributions
1 011
-
2 646
-
income
1 828
-
15 617
-
total
6 850
-
23 584
-
Employer
35 459
-
92 849
-
health
2 482
-
7 247
-
pensions
5 827
-
9 161
-
unemployment
1 436
-
3 760
-
social contributions
106
-
278
-
other
1 224
-
3 204
-
total
11 075
-
23 650
-
Corporate
69 967
116 500
-
-
income
19 592
32 620
-
-
surtax
-
-
-
-
total
19 592
32 620
-
-
Dividends
50 376
83 880
-
-
surtax
-
-
-
-
social contributions
8 664
14 427
-
-
withholding
6 448
10 737
-
-
total
15 112
25 164
-
-
Income
116 500
116 500
116 500
116 500
Total tax
52 629
57 784
47 234
50 089
After tax
63 871
58 716
69 266
66 411
Living cost
28 609
28 609
28 609
28 609
Free-cash
35 262
30 107
40 657
37 802

Estimated living cost  is ₽28609 per week

₽16592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51395
₽54111
₽55135
₽51876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 078
health
-
-
-
8 132
total
-
-
-
41 684
Employee
31 470
-
116 500
-
social contributions
4 344
-
16 078
-
income
5 249
-
18 498
-
health
2 196
-
8 132
-
total
11 789
-
42 708
-
Employer
31 470
-
116 500
-
total
-
-
-
-
Corporate
85 030
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%.

4 252
5 825
-
-
total
4 252
5 825
-
-
Dividends
80 778
110 675
-
-
social contributions
11 148
15 273
-
-
withholding
12 116
16 601
-
-
health
5 638
7 725
-
-
total
28 902
39 599
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 943
45 424
42 708
41 684
After tax
71 557
71 076
73 792
74 816
Living cost
19 681
19 681
19 681
19 681
Free-cash
51 876
51 395
54 111
55 135

Estimated living cost  is ₽19681 per week

₽13171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32202
-₽409
₽25565
₽30770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 533
surtax
-
-
-
183
unemployment
-
-
-
5 693
chamber of commerce
-
-
-
467
health
-
-
-
8 294
pensions
-
-
-
20 060
total
-
-
-
58 230
Employee
46 385
36 988
90 323
-
other
463
370
904
-
unemployment
1 391
1 110
2 709
-
pensions
4 750
3 787
9 249
-
income
5 281
2 728
19 968
-
health
1 795
1 432
3 496
-
total
13 680
9 427
36 326
-
Employer
46 385
36 988
90 323
-
chamber of commerce
185
148
361
-
health
1 753
1 399
3 414
-
pensions
5 821
4 643
11 336
-
accident
602
481
1 175
-
unemployment
1 391
1 110
2 709
-
surtax
183
183
183
-
payroll
1 391
1 110
2 709
-
other
2 203
1 756
4 291
-
total
13 529
10 830
26 178
-
Corporate
56 584
68 683
86 800
-
income

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

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

14 145
17 171
21 700
-
total
14 145
17 171
21 700
-
Dividends
42 439
51 511
-
-
withholding
11 671
14 165
-
-
total
11 671
14 165
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 025
51 593
84 204
58 230
After tax
63 475
64 907
32 296
58 270
Living cost
32 705
32 705
32 705
32 705
Free-cash
30 770
32 202
-409
25 565

Estimated living cost  is ₽32705 per week

₽21813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2790
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.
₽7565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31410
₽9797
₽18389
₽17489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 878
social contributions
-
-
-
18 533
national
-
-
-
39 858
total
-
-
-
64 269
Employee

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

66 392
-
90 231
-
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.

578
-
786
-
communal

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

3 463
-
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.

4 979
-
6 767
-
national
20 411
-
30 093
-
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.

3 119
-
4 241
-
total
32 550
-
46 593
-
Employer

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

66 392
-
90 231
-
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.

4 083
-
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.

5 883
-
7 995
-
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.

863
-
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.

969
-
1 317
-
surtax
7 528
-
10 233
-
total
19 326
-
26 268
-
Corporate
30 783
116 500
-
-
income
6 156
23 299
-
-
surtax
123
467
-
-
total
6 279
23 766
-
-
Dividends
24 503
92 734
-
-
withholding

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

7 014
27 482
-
-
total
7 014
27 482
-
-
Income
116 500
116 500
116 500
116 500
Total tax
65 169
51 248
72 861
64 269
After tax
51 331
65 252
43 639
52 231
Living cost
33 842
33 842
33 842
33 842
Free-cash
17 489
31 410
9 797
18 389

Estimated living cost  is ₽33842 per week

₽21799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44703
₽26726
₽31188
₽37525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
775
income
-
-
-
25 984
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
51 792
Employee
46 201
-
89 074
-
other
46
-
86
-
unemployment
717
-
1 333
-
pensions
2 172
-
4 044
-
income
9 748
-
23 365
-
total
12 683
-
28 828
-
Employer
46 201
-
89 074
-
pensions
10 903
-
20 303
-
accident
914
-
1 703
-
unemployment
2 542
-
4 731
-
other
368
-
689
-
total
14 727
-
27 426
-
Corporate
55 572
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.

8 336
17 474
-
-
total
8 336
17 474
-
-
Dividends
47 235
99 026
-
-
withholding
9 709
20 803
-
-
total
9 709
20 803
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 455
38 277
56 254
51 792
After tax
71 045
78 223
60 246
64 708
Living cost
33 520
33 520
33 520
33 520
Free-cash
37 525
44 703
26 726
31 188

Estimated living cost  is ₽33520 per week

₽24684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2378
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.
₽5975
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19864
₽17063
₽12421
₽10864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 362
accident
-
-
-
983
income
-
-
-
13 872
surtax
-
-
-
5 775
health
-
-
-
8 185
pensions
-
-
-
17 462
total
-
-
-
53 639
Employee
70 289
-
104 063
-
pensions
5 622
-
8 326
-
surtax
4 308
-
6 378
-
income
6 789
-
17 225
-
health
3 128
-
4 631
-
total
19 847
-
36 560
-
Employer
70 289
-
104 063
-
health
2 144
-
3 174
-
pensions
5 622
-
8 326
-
accident
632
-
937
-
total
8 398
-
12 437
-
Corporate
37 813
116 500
-
-
communal
2 552
7 864
-
-
income
5 672
17 474
-
-
surtax
396
1 222
-
-
total
8 620
26 560
-
-
Dividends
29 193
89 939
-
-
income
13 952
6 146
-
-
withholding
4 379
13 490
-
-
total
18 331
19 636
-
-
Income
116 500
116 500
116 500
116 500
Total tax
55 196
46 196
48 997
53 639
After tax
61 304
70 304
67 503
62 861
Living cost
50 440
50 440
50 440
50 440
Free-cash
10 864
19 864
17 063
12 421

Estimated living cost  is ₽50440 per week

₽37837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3056
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52431
₽33456
₽35378
₽49480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 089
other
-
-
-
-
surtax
-
-
-
3 405
unemployment
-
-
-
211
health
-
-
-
8 271
pensions
-
-
-
23 299
total
-
-
-
60 275
Employee
31 257
-
96 239
-
other
-
-
-
-
unemployment
2 175
-
6 698
-
pensions
2 085
-
6 418
-
surtax
111
-
3 102
-
income
5 240
-
23 266
-
health
798
-
2 455
-
total
10 409
-
41 939
-
Employer
31 257
-
96 239
-
health
1 421
-
4 379
-
pensions
4 167
-
12 828
-
unemployment
992
-
3 051
-
other
-
-
-
-
total
6 580
-
20 258
-
Corporate
78 662
116 500
-
-
income
20 453
30 290
-
-
total
20 453
30 290
-
-
Dividends
58 210
86 210
-
-
withholding
8 731
12 932
-
-
total
8 731
12 932
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 173
43 222
62 197
60 275
After tax
70 327
73 278
54 303
56 225
Living cost
20 847
20 847
20 847
20 847
Free-cash
49 480
52 431
33 456
35 378

Estimated living cost  is ₽20847 per week

₽12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1812
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.
₽5966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36232
₽27167
₽32681
₽34171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 403
total
-
-
-
58 816
Employee
51 486
-
116 500
-
municipal
273
-
618
-
national
8 157
-
22 861
-
regional
693
-
1 568
-
social contributions
17 362
-
39 283
-
total
26 485
-
64 330
-
Employer
51 486
-
116 500
-
total
-
-
-
-
Corporate
65 014
116 500
-
-
municipal
3 230
5 790
-
-
nationa
15 604
27 960
-
-
total
18 834
33 750
-
-
Dividends
46 180
82 751
-
-
withholding
12 007
21 515
-
-
total
12 007
21 515
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 326
55 265
64 330
58 816
After tax
59 174
61 235
52 170
57 684
Living cost
25 003
25 003
25 003
25 003
Free-cash
34 171
36 232
27 167
32 681

Estimated living cost  is ₽25003 per week

₽15549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51737
₽30646
₽28923
₽41579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 128
social contributions
-
-
-
33 249
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
59 104
Employee
41 872
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 722
-
5 651
-
income
5 025
-
10 433
-
health
5 653
-
11 737
-
total
13 400
-
27 821
-
Employer
41 872
-
86 940
-
health
3 768
-
7 825
-
social contributions
10 468
-
21 735
-
total
14 236
-
29 560
-
Corporate
60 391
116 500
-
-
income
11 474
22 135
-
-
total
11 474
22 135
-
-
Dividends
48 917
94 365
-
-
withholding
7 338
14 155
-
-
total
7 338
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 448
36 290
57 381
59 104
After tax
70 052
80 210
59 119
57 396
Living cost
28 473
28 473
28 473
28 473
Free-cash
41 579
51 737
30 646
28 923

Estimated living cost  is ₽28473 per week

₽21174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35393
₽2716
₽28841
₽34936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 533
surtax
-
-
-
-
unemployment
-
-
-
5 693
chamber of commerce
-
-
-
467
health
-
-
-
8 294
pensions
-
-
-
20 060
total
-
-
-
58 047
Employee
40 572
36 988
90 464
-
other
405
370
905
-
unemployment
1 217
1 110
2 714
-
pensions
4 155
3 787
9 263
-
income
3 614
2 728
20 016
-
health
1 569
1 432
3 502
-
total
10 960
9 427
36 400
-
Employer
40 572
36 988
90 464
-
chamber of commerce
162
148
361
-
health
1 534
1 399
3 419
-
pensions
5 092
4 643
11 354
-
accident
527
481
1 177
-
unemployment
1 217
1 110
2 714
-
surtax
-
-
-
-
payroll
1 217
1 110
2 714
-
other
1 927
1 756
4 298
-
total
11 676
10 647
26 037
-
Corporate
64 252
68 866
86 941
-
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.

16 064
17 217
21 735
-
total
16 064
17 217
21 735
-
Dividends
48 188
51 649
-
-
withholding
13 252
14 204
-
-
total
13 252
14 204
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 952
51 495
84 172
58 047
After tax
64 548
65 005
32 328
58 453
Living cost
29 612
29 612
29 612
29 612
Free-cash
34 936
35 393
2 716
28 841

Estimated living cost  is ₽29612 per week

₽17763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98841
₽81366
₽103501
₽96622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 793
-
116 500
-
income
2 959
-
23 300
-
total
2 959
-
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%.

101 707
116 500
-
-
total
-
-
-
-
Dividends
101 707
116 500
-
-
withholding
5 085
5 825
-
-
total
5 085
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
8 044
5 825
23 300
1 165
After tax
108 456
110 675
93 200
115 335
Living cost
11 834
11 834
11 834
11 834
Free-cash
96 622
98 841
81 366
103 501

Estimated living cost  is ₽11834 per week

₽8008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽497
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55316
₽31002
₽34343
₽47552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 350
unemployment
-
-
-
174
health
-
-
-
11 463
pensions
-
-
-
21 275
total
-
-
-
57 262
Employee

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

41 043
-
100 806
-
unemployment
58
-
141
-
pensions
6 362
-
15 625
-
income
7 078
-
22 631
-
health
2 651
-
6 512
-
total
16 149
-
44 909
-
Employer

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

41 043
-
100 806
-
health
2 734
-
6 713
-
pensions
3 632
-
8 921
-
unemployment
25
-
60
-
total
6 391
-
15 694
-
Corporate
69 066
116 500
-
-
income
13 122
22 135
-
-
total
13 122
22 135
-
-
Dividends
55 944
94 365
-
-
withholding
8 391
14 154
-
-
total
8 391
14 154
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 053
36 289
60 603
57 262
After tax
72 447
80 211
55 897
59 238
Living cost
24 895
24 895
24 895
24 895
Free-cash
47 552
55 316
31 002
34 343

Estimated living cost  is ₽24895 per week

₽17085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1596
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.
₽5733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30793
₽64192
₽40425
-₽22020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
57 477
-
-
-
social contributions
4 713
-
672
-
income
12 678
-
-
-
total
17 391
-
672
-
Employer
57 477
-
-
-
social contributions
81 043
-
11 550
-
total
81 043
-
11 550
-
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
98 434
45 621
12 222
35 989
After tax
18 066
70 879
104 278
80 511
Living cost
40 086
40 086
40 086
40 086
Free-cash
-22 020
30 793
64 192
40 425

Estimated living cost  is ₽40086 per week

₽26009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37152
₽27461
₽34853
₽36218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 051
surtax
-
-
-
-
social contributions

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

-
-
-
40 483
total
-
-
-
52 534
Employee
42 688
-
94 141
-
surtax
-
-
-
-
social contributions
4 696
-
10 355
-
income
8 879
-
27 212
-
total
13 575
-
37 567
-
Employer
42 688
-
94 141
-
social contributions
10 138
-
22 359
-
total
10 138
-
22 359
-
Corporate
63 674
116 500
-
-
income
13 372
24 465
-
-
surtax
-
-
-
-
total
13 372
24 465
-
-
Dividends
50 301
92 035
-
-
withholding
14 084
25 770
-
-
total
14 084
25 770
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 169
50 235
59 926
52 534
After tax
65 331
66 265
56 574
63 966
Living cost
29 113
29 113
29 113
29 113
Free-cash
36 218
37 152
27 461
34 853

Estimated living cost  is ₽29113 per week

₽21783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13887
₽24437
₽21582
₽20268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 446
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 320
health
-
-
-
3 459
pensions
-
-
-
25 253
total
-
-
-
50 089
Employee
58 132
-
92 849
-
pensions
6 575
-
5 321
-
surtax
-
-
-
-
social contributions
1 656
-
2 646
-
income
5 072
-
15 617
-
total
13 303
-
23 584
-
Employer
58 132
-
92 849
-
health
4 069
-
7 247
-
pensions
9 552
-
9 161
-
unemployment
2 355
-
3 760
-
social contributions
174
-
278
-
other
2 006
-
3 204
-
total
18 156
-
23 650
-
Corporate
40 212
116 500
-
-
income
11 259
32 620
-
-
surtax
-
-
-
-
total
11 259
32 620
-
-
Dividends
28 953
83 880
-
-
surtax
-
-
-
-
social contributions
4 979
14 427
-
-
withholding
3 706
10 737
-
-
total
8 685
25 164
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 403
57 784
47 234
50 089
After tax
65 097
58 716
69 266
66 411
Living cost
44 829
44 829
44 829
44 829
Free-cash
20 268
13 887
24 437
21 582

Estimated living cost  is ₽44829 per week

₽30339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76950
₽62614
₽59521
₽73832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 450
social contributions
-
-
-
25 629
total
-
-
-
29 079
Employee
29 839
-
100 864
-
income
-
-
3 794
-
social contributions
1 939
-
6 556
-
total
1 939
-
10 350
-
Employer
29 839
-
100 864
-
social contributions
4 625
-
15 636
-
total
4 625
-
15 636
-
Corporate
82 035
116 500
-
-
income
8 204
11 650
-
-
total
8 204
11 650
-
-
Dividends
73 831
104 850
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
14 768
11 650
25 986
29 079
After tax
101 732
104 850
90 514
87 421
Living cost
27 900
27 900
27 900
27 900
Free-cash
73 832
76 950
62 614
59 521

Estimated living cost  is ₽27900 per week

₽18040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₽85529
-₽85529
₽26188
-₽85529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 256
municipal
-
-
-
22 877
national
-
-
-
12 718
pensions
-
-
-
804
total
-
-
-
45 655
Employee
188 486
188 486
188 486
-
municipal
40 137
40 137
40 137
-
labour market
15 057
15 057
15 057
-
pensions
268
268
268
-
national
23 027
23 027
23 027
-
total
78 489
78 489
78 489
-
Employer
188 486
188 486
188 486
-
national
23 067
23 067
23 067
-
labour market
15 079
15 079
15 079
-
pensions
536
536
536
-
municipal
40 201
40 201
40 201
-
total
78 883
78 883
78 883
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
157 372
157 372
157 372
45 655
After tax
-40 872
-40 872
-40 872
70 845
Living cost
44 657
44 657
44 657
44 657
Free-cash
-85 529
-85 529
-85 529
26 188

Estimated living cost  is ₽44657 per week

₽30564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽687
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽10931
₽41190
₽59449
₽6311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
237
income
-
-
-
30 139
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
36 683
Employee
32 041
-
101 947
-
pensions
3 608
-
7 169
-
income
4 396
-
21 547
-
health
3 669
-
11 673
-
total
11 673
-
40 389
-
Employer
32 041
-
101 947
-
pensions
5 210
-
10 353
-
accident
535
-
1 702
-
unemployment
785
-
2 498
-
total
6 530
-
14 553
-
Corporate
77 929
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.

70 137
104 850
-
-
total
70 137
104 850
-
-
Dividends
7 793
11 650
-
-
withholding
1 481
2 213
-
-
total
1 481
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
89 821
107 063
54 942
36 683
After tax
26 679
9 437
61 558
79 817
Living cost
20 368
20 368
20 368
20 368
Free-cash
6 311
-10 931
41 190
59 449

Estimated living cost  is ₽20368 per week

₽14826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40018
₽28464
₽44439
₽40206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 407
municipal
-
-
-
20 717
national
-
-
-
14 302
total
-
-
-
36 426
Employee
48 832
-
98 006
-
municipal
7 998
-
15 984
-
unemployment
733
-
1 471
-
pensions
3 295
-
6 616
-
national
807
-
8 713
-
health
365
-
1 122
-
total
13 198
-
33 906
-
Employer
48 832
-
98 006
-
health
375
-
754
-
pensions
8 472
-
17 004
-
accident
49
-
99
-
unemployment
317
-
638
-
total
9 213
-
18 495
-
Corporate
58 454
116 500
-
-
income
11 690
23 299
-
-
total
11 690
23 299
-
-
Dividends

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

35 073
69 901
-
-
municipal
6 313
12 581
-
-
national
245
4 967
-
-
total
6 558
17 548
-
-
Income
116 500
116 500
116 500
116 500
Total tax
40 659
40 847
52 401
36 426
After tax
75 841
75 653
64 099
80 074
Living cost
35 634
35 634
35 634
35 634
Free-cash
40 206
40 018
28 464
44 439

Estimated living cost  is ₽35634 per week

₽23276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63652
₽58891
₽60133
₽58602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 890
social contributions
-
-
-
15 017
health
-
-
-
2 971
total
-
-
-
34 878
Employee
71 371
71 371
106 540
-
social contributions
2 698
5 923
7 990
-
income
7 771
6 607
16 358
-
health
553
1 214
1 811
-
total
11 022
13 744
26 159
-
Employer
71 371
71 371
106 540
-
health
601
1 321
1 971
-
social contributions
2 698
5 923
7 990
-
total
3 299
7 244
9 961
-
Corporate
80 689
37 885
-
-
income
10 086
4 736
-
-
total
10 086
4 736
-
-
Dividends
70 603
33 148
-
-
withholding
12 002
5 635
-
-
total
12 002
5 635
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 409
31 359
36 120
34 878
After tax
80 091
85 141
80 380
81 622
Living cost
21 489
21 489
21 489
21 489
Free-cash
58 602
63 652
58 891
60 133

Estimated living cost  is ₽21489 per week

₽12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81738
₽62393
₽81010
₽77016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 465
unemployment
-
-
-
26
health
-
-
-
3 359
pensions
-
-
-
5 904
total
-
-
-
20 754
Employee

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

21 304
-
107 429
-
unemployment
106
-
440
-
pensions
3 195
-
13 210
-
income
1 457
-
9 164
-
health
1 811
-
7 486
-
total
6 569
-
30 300
-
Employer

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

21 304
-
107 429
-
health
916
-
3 787
-
pensions
1 171
-
4 844
-
unemployment
106
-
440
-
total
2 193
-
9 071
-
Corporate
93 003
116 500
-
-
income
8 370
10 485
-
-
total
8 370
10 485
-
-
Dividends
84 633
106 015
-
-
withholding
7 616
9 541
-
-
total
7 616
9 541
-
-
Income
116 500
116 500
116 500
116 500
Total tax
24 748
20 026
39 371
20 754
After tax
91 752
96 474
77 129
95 746
Living cost
14 736
14 736
14 736
14 736
Free-cash
77 016
81 738
62 393
81 010

Estimated living cost  is ₽14736 per week

₽9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52700
₽34723
₽39185
₽48050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
775
income
-
-
-
25 984
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
51 792
Employee
34 319
-
89 074
-
other
33
-
86
-
unemployment
532
-
1 333
-
pensions
1 613
-
4 044
-
income
6 617
-
23 365
-
total
8 795
-
28 828
-
Employer
34 319
-
89 074
-
pensions
8 099
-
20 303
-
accident
680
-
1 703
-
unemployment
1 888
-
4 731
-
other
275
-
689
-
total
10 942
-
27 426
-
Corporate
71 239
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.

10 686
17 474
-
-
total
10 686
17 474
-
-
Dividends
60 553
99 026
-
-
withholding
12 504
20 803
-
-
total
12 504
20 803
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 927
38 277
56 254
51 792
After tax
73 573
78 223
60 246
64 708
Living cost
25 523
25 523
25 523
25 523
Free-cash
48 050
52 700
34 723
39 185

Estimated living cost  is ₽25523 per week

₽17228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70886
₽72724
₽72852
₽70589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 561
health
-
-
-
957
pensions
-
-
-
1 320
total
-
-
-
41 838
Employee
2 757
-
115 015
-
unemployment
28
-
66
-
pensions
248
-
594
-
income
533
-
39 491
-
health
138
-
330
-
total
947
-
40 481
-
Employer
2 757
-
115 015
-
health
262
-
627
-
pensions
303
-
726
-
unemployment
55
-
132
-
total
620
-
1 485
-
Corporate
113 123
116 500
-
-
income
24 887
25 630
-
-
total
24 887
25 630
-
-
Dividends
88 236
90 870
-
-
withholding
17 647
18 174
-
-
total
17 647
18 174
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 101
43 804
41 966
41 838
After tax
72 399
72 696
74 534
74 662
Living cost
1 810
1 810
1 810
1 810
Free-cash
70 589
70 886
72 724
72 852

Estimated living cost  is ₽1810 per week

₽1076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68114
₽49257
₽49258
₽63544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 247
unemployment
-
-
-
1 029
health
-
-
-
7 068
pensions
-
-
-
17 841
total
-
-
-
51 185
Employee

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

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

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

24 213
-
104 217
-
unemployment
182
-
515
-
pensions
3 390
-
9 607
-
income
3 338
-
25 247
-
health
1 247
-
3 534
-
total
8 157
-
38 903
-
Employer

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

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

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

24 213
-
104 217
-
health
1 247
-
3 534
-
pensions
2 906
-
8 234
-
unemployment
182
-
515
-
total
4 335
-
12 283
-
Corporate
87 953
116 500
-
-
income
13 193
17 475
-
-
total
13 193
17 475
-
-
Dividends
74 760
99 025
-
-
withholding
11 214
14 854
-
-
total
11 214
14 854
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 899
32 329
51 186
51 185
After tax
79 601
84 171
65 314
65 315
Living cost
16 057
16 057
16 057
16 057
Free-cash
63 544
68 114
49 257
49 258

Estimated living cost  is ₽16057 per week

₽10811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41243
₽31552
₽38944
₽40908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 051
surtax
-
-
-
-
social contributions

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

-
-
-
40 483
total
-
-
-
52 534
Employee
36 024
-
94 141
-
surtax
-
-
-
-
social contributions
3 963
-
10 355
-
income
7 039
-
27 212
-
total
11 002
-
37 567
-
Employer
36 024
-
94 141
-
social contributions
8 555
-
22 359
-
total
8 555
-
22 359
-
Corporate
71 921
116 500
-
-
income
15 104
24 465
-
-
surtax
-
-
-
-
total
15 104
24 465
-
-
Dividends
56 818
92 035
-
-
withholding
15 909
25 770
-
-
total
15 909
25 770
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 570
50 235
59 926
52 534
After tax
65 930
66 265
56 574
63 966
Living cost
25 022
25 022
25 022
25 022
Free-cash
40 908
41 243
31 552
38 944

Estimated living cost  is ₽25022 per week

₽17723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45603
₽27626
₽32088
₽38742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
775
income
-
-
-
25 984
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
51 792
Employee
44 826
-
89 074
-
other
44
-
86
-
unemployment
694
-
1 333
-
pensions
2 107
-
4 044
-
income
9 362
-
23 365
-
total
12 207
-
28 828
-
Employer
44 826
-
89 074
-
pensions
10 579
-
20 303
-
accident
888
-
1 703
-
unemployment
2 466
-
4 731
-
other
359
-
689
-
total
14 292
-
27 426
-
Corporate
57 383
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.

8 608
17 474
-
-
total
8 608
17 474
-
-
Dividends
48 775
99 026
-
-
withholding
10 031
20 803
-
-
total
10 031
20 803
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 138
38 277
56 254
51 792
After tax
71 362
78 223
60 246
64 708
Living cost
32 620
32 620
32 620
32 620
Free-cash
38 742
45 603
27 626
32 088

Estimated living cost  is ₽32620 per week

₽23426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2536
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.
₽6198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83641
₽78462
₽74401
₽77985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
130
health
-
-
-
3 729
pensions

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

-
-
-
4 798
total
-
-
-
26 132
Employee
21 143
-
110 139
-
accident

We are using the highest rate at 1.1%.

232
-
357
-
pensions

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

1 856
-
2 847
-
income
2 115
-
11 014
-
health
973
-
1 491
-
total
5 176
-
15 709
-
Employer
21 143
-
110 139
-
health
1 459
-
2 237
-
pensions

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

2 330
-
3 573
-
accident

We are using the highest rate at 1.1%.

232
-
357
-
unemployment
127
-
195
-
total
4 148
-
6 362
-
Corporate
91 209
116 500
-
-
income
9 120
11 650
-
-
total
9 120
11 650
-
-
Dividends
82 088
104 850
-
-
withholding
4 104
5 242
-
-
total
4 104
5 242
-
-
Income
116 500
116 500
116 500
116 500
Total tax
22 548
16 892
22 071
26 132
After tax
93 952
99 608
94 429
90 368
Living cost
15 967
15 967
15 967
15 967
Free-cash
77 985
83 641
78 462
74 401

Estimated living cost  is ₽15967 per week

₽10561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24198
₽41830
₽31304
₽36343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 801
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.

-
-
-
1 694
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.

-
-
-
6 341
trade
-
-
-
10 526
total
-
-
-
49 362
Employee

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

46 182
-
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.

210
-
1 694
-
income

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

3 797
-
30 801
-
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.

6 341
-
6 341
-
total
10 348
-
38 836
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 318
116 500
-
-
income
10 547
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.

579
962
-
-
chamber of commerce
245
312
-
-
trade
10 091
16 717
-
-
total
21 462
35 465
-
-
Dividends
48 856
81 035
-
-
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.

652
1 096
-
-
withholding
11 861
19 907
-
-
total
12 513
21 003
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 323
56 468
38 836
49 362
After tax
72 177
60 032
77 664
67 138
Living cost
35 834
35 834
35 834
35 834
Free-cash
36 343
24 198
41 830
31 304

Estimated living cost  is ₽35834 per week

₽24719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28677
₽21509
₽21509
₽30728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 259
social contributions
-
-
-
10 860
total
-
-
-
42 119
Employee
72 603
-
116 500
-
income
13 700
-
31 259
-
social contributions
6 032
-
10 860
-
total
19 732
-
42 119
-
Employer
72 603
-
116 500
-
total
-
-
-
-
Corporate
43 897
116 500
-
-
income
5 487
14 563
-
-
total
5 487
14 563
-
-
Dividends
38 411
101 937
-
-
withholding
7 681
20 388
-
-
total
7 681
20 388
-
-
Income
116 500
116 500
116 500
116 500
Total tax
32 900
34 951
42 119
42 119
After tax
83 600
81 549
74 381
74 381
Living cost
52 872
52 872
52 872
52 872
Free-cash
30 728
28 677
21 509
21 509

Estimated living cost  is ₽52872 per week

₽40224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37129
₽52008
₽50699
₽40373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 420
health

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

-
-
-
5 689
total
-
-
-
32 109
Employee
42 578
-
112 230
-
income
4 620
-
22 260
-
social contributions
4 266
-
4 270
-
total
8 886
-
26 530
-
Employer
42 578
-
112 230
-
social contributions
4 266
-
4 270
-
total
4 266
-
4 270
-
Corporate
69 656
116 500
-
-
income
24 379
40 775
-
-
total
24 379
40 775
-
-
Dividends
45 277
75 725
-
-
social contributions
4 904
4 904
-
-
total
4 904
4 904
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 435
45 679
30 800
32 109
After tax
74 065
70 821
85 700
84 391
Living cost
33 692
33 692
33 692
33 692
Free-cash
40 373
37 129
52 008
50 699

Estimated living cost  is ₽33692 per week

₽22193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46991
₽35696
₽46493
₽47908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 451
pensions
-
-
-
7 369
total
-
-
-
35 820
Employee
46 927
-
102 192
-
pensions
3 582
-
9 397
-
income
8 546
-
21 253
-
health
612
-
1 658
-
total
12 740
-
32 308
-
Employer
46 927
-
102 192
-
health
892
-
1 942
-
pensions
4 741
-
12 367
-
total
5 633
-
14 309
-
Corporate
63 940
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.

12 148
22 135
-
-
total
12 148
22 135
-
-
Dividends
51 793
94 365
-
-
withholding
3 884
13 187
-
-
total
3 884
13 187
-
-
Income
116 500
116 500
116 500
116 500
Total tax
34 405
35 322
46 617
35 820
After tax
82 095
81 178
69 883
80 680
Living cost
34 187
34 187
34 187
34 187
Free-cash
47 908
46 991
35 696
46 493

Estimated living cost  is ₽34187 per week

₽23452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽12948
₽39173
₽57432
₽6003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
237
income
-
-
-
30 139
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
36 683
Employee
35 212
-
101 947
-
pensions
3 965
-
7 169
-
income
4 831
-
21 547
-
health
4 032
-
11 673
-
total
12 828
-
40 389
-
Employer
35 212
-
101 947
-
pensions
5 725
-
10 353
-
accident
588
-
1 702
-
unemployment
863
-
2 498
-
total
7 176
-
14 553
-
Corporate
74 112
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.

66 700
104 850
-
-
total
66 700
104 850
-
-
Dividends
7 411
11 650
-
-
withholding
1 408
2 213
-
-
total
1 408
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
88 112
107 063
54 942
36 683
After tax
28 388
9 437
61 558
79 817
Living cost
22 385
22 385
22 385
22 385
Free-cash
6 003
-12 948
39 173
57 432

Estimated living cost  is ₽22385 per week

₽16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85511
₽65088
₽53438
₽81172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 500
unemployment
-
-
-
1 398
work injury
-
-
-
583
health insurance
-
-
-
8 621
pensions
-
-
-
21 436
total
-
-
-
50 538
Employee

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

20 038
-
116 500
-
health insurance
1 483
-
5 486
-
unemployment
240
-
890
-
work injury
100
-
371
-
pensions
3 687
-
13 641
-
income
2 004
-
18 500
-
total
7 514
-
38 888
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96 462
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%.

965
1 165
-
-
total
965
1 165
-
-
Dividends
95 497
115 335
-
-
withholding
14 325
17 300
-
-
total
14 325
17 300
-
-
Income
116 500
116 500
116 500
116 500
Total tax
22 804
18 465
38 888
50 538
After tax
93 696
98 035
77 612
65 962
Living cost
12 524
12 524
12 524
12 524
Free-cash
81 172
85 511
65 088
53 438

Estimated living cost  is ₽12524 per week

₽7759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽24388
₽14506
₽19834
₽20165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 544
municipal
-
-
-
779
national
-
-
-
26 403
total
-
-
-
59 690
Employee
78 212
-
116 500
-
municipal
467
-
696
-
national
13 217
-
22 861
-
regional
1 181
-
2 178
-
social contributions
26 373
-
39 283
-
total
41 238
-
65 018
-
Employer
78 212
-
116 500
-
total
-
-
-
-
Corporate
38 288
116 500
-
-
municipal
1 846
5 615
-
-
nationa
9 189
27 960
-
-
total
11 035
33 575
-
-
Dividends
27 253
82 925
-
-
withholding
7 086
21 561
-
-
total
7 086
21 561
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 359
55 136
65 018
59 690
After tax
57 141
61 364
51 482
56 810
Living cost
36 976
36 976
36 976
36 976
Free-cash
20 165
24 388
14 506
19 834

Estimated living cost  is ₽36976 per week

₽25973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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