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
₽30418
₽49385
₽37907
₽40797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 602
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.

-
-
-
1 683
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 410
trade
-
-
-
11 478
total
-
-
-
50 173
Employee

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

35 888
-
116 500
-
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
-
1 683
-
income

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

1 002
-
30 602
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 410
-
6 410
-
total
7 467
-
38 695
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 612
116 500
-
-
income
12 092
17 475
-
-
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.

666
962
-
-
chamber of commerce
258
310
-
-
trade
12 696
18 349
-
-
total
25 712
37 096
-
-
Dividends
54 900
79 405
-
-
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.

735
1 072
-
-
withholding
13 369
19 494
-
-
total
14 104
20 566
-
-
Income
116 500
116 500
116 500
116 500
Total tax
47 283
57 662
38 695
50 173
After tax
69 217
58 838
77 805
66 327
Living cost
28 420
28 420
28 420
28 420
Free-cash
40 797
30 418
49 385
37 907

Estimated living cost  is ₽28420 per week

₽17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3314
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₽22740
₽20717
₽19804
₽21910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 358
national
-
-
-
19 150
pensions
-
-
-
13 980
total
-
-
-
46 740
Employee
77 442
-
100 713
-
municipal
9 565
-
12 809
-
pensions
3 098
-
4 029
-
national
14 822
-
19 849
-
total
27 485
-
36 687
-
Employer
77 442
-
100 713
-
pensions
6 195
-
8 057
-
social contributions
832
-
1 083
-
total
7 027
-
9 140
-
Corporate
26 919
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%.

5 384
23 300
-
-
total
5 384
23 300
-
-
Dividends
21 536
93 200
-
-
withholding
4 738
20 504
-
-
total
4 738
20 504
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 634
43 804
45 827
46 740
After tax
71 866
72 696
70 673
69 760
Living cost
49 956
49 956
49 956
49 956
Free-cash
21 910
22 740
20 717
19 804

Estimated living cost  is ₽49956 per week

₽33955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₽73680
₽45886
₽13861
₽65982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 459
surtax
-
-
-
29 708
social contributions

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

-
-
-
35 951
microenterprise
-
-
-
-
total
-
-
-
83 118
Employee
27 418
-
93 883
-
surtax
-
-
-
-
social contributions

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

3 016
-
10 328
-
income
4 881
-
18 149
-
total
7 897
-
28 477
-
Employer
27 418
-
93 883
-
social contributions

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

6 604
-
22 616
-
surtax
-
-
-
-
total
6 604
-
22 616
-
Corporate
82 478
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%.

16 496
23 299
-
-
total
16 496
23 299
-
-
Dividends

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

65 982
93 201
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
30 997
23 299
51 093
83 118
After tax
85 503
93 201
65 407
33 382
Living cost
19 521
19 521
19 521
19 521
Free-cash
65 982
73 680
45 886
13 861

Estimated living cost  is ₽19521 per week

₽12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₽17643
₽24180
₽27658
₽11894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
26 972
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
49 535
Employee
80 127
80 127
99 141
-
pensions
14 423
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
12 299
10 461
11 545
-
total
39 838
34 570
35 654
-
Employer
80 127
80 127
99 141
-
health
5 570
5 570
6 891
-
pensions
5 577
5 577
6 900
-
unemployment
2 885
2 885
3 568
-
total
14 032
14 032
17 359
-
Corporate
23 324
22 341
-
-
income
4 665
4 468
-
-
total
4 665
4 468
-
-
Dividends
18 659
17 874
-
-
income
3 965
3 798
-
-
withholding
2 799
2 682
-
-
total
6 764
6 480
-
-
Income
116 500
116 500
116 500
116 500
Total tax
65 299
59 550
53 013
49 535
After tax
51 201
56 950
63 487
66 965
Living cost
39 307
39 307
39 307
39 307
Free-cash
11 894
17 643
24 180
27 658

Estimated living cost  is ₽39307 per week

₽27856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₽26125
₽23537
₽24547
₽25283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
164
other
-
-
-
9 546
unemployment
-
-
-
82
health
-
-
-
5 126
municipal
-
-
-
27 643
national
-
-
-
3 027
pensions
-
-
-
8 881
total
-
-
-
54 469
Employee
53 411
-
90 688
-
municipal
15 927
-
27 043
-
national
-
-
2 624
-
total
15 927
-
29 667
-
Employer
53 411
-
90 688
-
health
3 285
-
5 052
-
pensions
5 774
-
8 881
-
accident
107
-
164
-
unemployment
1 410
-
2 169
-
other
6 206
-
9 546
-
total
16 782
-
25 812
-
Corporate
46 307
116 500
-
-
income
10 188
25 630
-
-
total
10 188
25 630
-
-
Dividends
36 119
90 870
-
-
withholding
10 836
27 261
-
-
total
10 836
27 261
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 733
52 891
55 479
54 469
After tax
62 767
63 609
61 021
62 031
Living cost
37 484
37 484
37 484
37 484
Free-cash
25 283
26 125
23 537
24 547

Estimated living cost  is ₽37484 per week

₽24843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽21377
₽40944
₽28958
₽34562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 602
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.

-
-
-
1 683
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 410
trade
-
-
-
11 987
total
-
-
-
50 682
Employee

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

47 583
-
116 500
-
surtax

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

224
-
1 683
-
income

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

4 088
-
30 602
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 410
-
6 410
-
total
10 722
-
38 695
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 917
116 500
-
-
income
10 338
17 475
-
-
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.

568
962
-
-
chamber of commerce
240
308
-
-
trade
11 337
19 165
-
-
total
22 483
37 910
-
-
Dividends
46 433
78 591
-
-
surtax

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

620
1 061
-
-
withholding
11 252
19 291
-
-
total
11 872
20 352
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 077
58 262
38 695
50 682
After tax
71 423
58 238
77 805
65 818
Living cost
36 860
36 860
36 860
36 860
Free-cash
34 562
21 377
40 944
28 958

Estimated living cost  is ₽36860 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₽54714
₽49966
₽51213
₽50821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 702
social contributions
-
-
-
15 181
health
-
-
-
2 970
total
-
-
-
34 853
Employee
72 151
72 151
106 454
-
social contributions
3 506
5 988
8 077
-
income
7 576
6 679
16 168
-
health
718
1 227
1 809
-
total
11 800
13 894
26 054
-
Employer
72 151
72 151
106 454
-
health
782
1 335
1 969
-
social contributions
3 506
5 988
8 077
-
total
4 288
7 323
10 046
-
Corporate
69 978
37 025
-
-
income
8 748
4 628
-
-
total
8 748
4 628
-
-
Dividends
61 230
32 397
-
-
withholding
10 409
5 507
-
-
total
10 409
5 507
-
-
Income
116 500
116 500
116 500
116 500
Total tax
35 245
31 352
36 100
34 853
After tax
81 255
85 148
80 400
81 647
Living cost
30 434
30 434
30 434
30 434
Free-cash
50 821
54 714
49 966
51 213

Estimated living cost  is ₽30434 per week

₽20805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽48724
₽50720
₽63889
₽49074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

24 275
9 661
97 490
-
unemployment
364
145
1 462
-
pensions
2 428
966
9 749
-
income
2 968
1 181
11 918
-
health
1 699
676
6 824
-
total
7 459
2 968
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.

24 275
9 661
97 490
-
pensions
4 734
1 884
19 010
-
total
4 734
1 884
19 010
-
Corporate
87 491
104 955
-
-
income
7 874
9 446
-
-
total
7 874
9 446
-
-
Dividends
79 617
95 509
-
-
social contributions
15 415
18 514
-
-
withholding
15 127
18 147
-
-
total
30 542
36 661
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 609
50 959
48 963
35 794
After tax
65 891
65 541
67 537
80 706
Living cost
16 817
16 817
16 817
16 817
Free-cash
49 074
48 724
50 720
63 889

Estimated living cost  is ₽16817 per week

₽11476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽70537
₽44486
₽39780
₽64706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 146
pensions
-
-
-
23 299
total
-
-
-
54 056
Employee
26 618
-
87 070
-
unemployment
426
-
1 392
-
pensions
532
-
1 741
-
income
2 997
-
16 788
-
total
3 955
-
19 921
-
Employer
26 618
-
87 070
-
health
3 460
-
11 319
-
pensions
5 324
-
17 414
-
unemployment
214
-
696
-
total
8 998
-
29 429
-
Corporate
80 884
116 500
-
-
income
16 177
23 299
-
-
total
16 177
23 299
-
-
Dividends
64 707
93 201
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
29 130
23 299
49 350
54 056
After tax
87 370
93 201
67 150
62 444
Living cost
22 664
22 664
22 664
22 664
Free-cash
64 706
70 537
44 486
39 780

Estimated living cost  is ₽22664 per week

₽15545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₽11511
₽40534
₽58876
₽6224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
30 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 676
Employee
32 952
-
101 815
-
pensions
3 710
-
7 264
-
income
4 521
-
21 412
-
health
3 773
-
11 658
-
total
12 004
-
40 334
-
Employer
32 952
-
101 815
-
pensions
5 358
-
10 490
-
accident
550
-
1 700
-
unemployment
807
-
2 494
-
total
6 715
-
14 684
-
Corporate
76 832
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.

69 149
104 850
-
-
total
69 149
104 850
-
-
Dividends
7 683
11 650
-
-
withholding
1 460
2 213
-
-
total
1 460
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
89 328
107 063
55 018
36 676
After tax
27 172
9 437
61 482
79 824
Living cost
20 948
20 948
20 948
20 948
Free-cash
6 224
-11 511
40 534
58 876

Estimated living cost  is ₽20948 per week

₽15353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₽103114
₽85639
₽107774
₽101697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 450
-
116 500
-
income
1 890
-
23 300
-
total
1 890
-
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%.

107 050
116 500
-
-
total
-
-
-
-
Dividends
107 050
116 500
-
-
withholding
5 352
5 825
-
-
total
5 352
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
7 242
5 825
23 300
1 165
After tax
109 258
110 675
93 200
115 335
Living cost
7 561
7 561
7 561
7 561
Free-cash
101 697
103 114
85 639
107 774

Estimated living cost  is ₽7561 per week

₽4685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₽60590
₽42196
₽37379
₽54257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 498
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.

-
-
-
27 961
total
-
-
-
54 119
Employee
34 069
-
93 049
-
unemployment
340
-
931
-
pensions

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

2 384
-
6 513
-
income
5 865
-
17 105
-
health
477
-
1 303
-
total
9 066
-
25 852
-
Employer
34 069
-
93 049
-
health
477
-
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.

5 792
-
15 819
-
accident
272
-
744
-
unemployment
340
-
931
-
other
1 704
-
4 653
-
total
8 585
-
23 450
-
Corporate
73 845
116 500
-
-
income
15 507
24 466
-
-
total
15 507
24 466
-
-
Dividends
58 338
92 034
-
-
withholding
4 083
6 442
-
-
total
4 083
6 442
-
-
Income
116 500
116 500
116 500
116 500
Total tax
37 241
30 908
49 302
54 119
After tax
79 259
85 592
67 198
62 381
Living cost
25 002
25 002
25 002
25 002
Free-cash
54 257
60 590
42 196
37 379

Estimated living cost  is ₽25002 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽18814
₽7406
₽18220
₽11727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 133
pensions
-
-
-
7 461
total
-
-
-
35 594
Employee
88 691
-
102 220
-
pensions
8 556
-
9 533
-
income
15 987
-
20 925
-
health
1 461
-
1 670
-
total
26 004
-
32 128
-
Employer
88 691
-
102 220
-
health
1 684
-
1 942
-
pensions
10 472
-
12 338
-
total
12 156
-
14 280
-
Corporate
15 653
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.

2 975
22 135
-
-
total
2 975
22 135
-
-
Dividends
12 678
94 365
-
-
withholding
952
12 865
-
-
total
952
12 865
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 087
35 000
46 408
35 594
After tax
74 413
81 500
70 092
80 906
Living cost
62 686
62 686
62 686
62 686
Free-cash
11 727
18 814
7 406
18 220

Estimated living cost  is ₽62686 per week

₽46972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₽87308
₽82021
₽77977
₽82952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
26 224
Employee
16 286
-
110 071
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 877
-
income
1 628
-
11 007
-
health
749
-
1 507
-
total
3 986
-
15 751
-
Employer
16 286
-
110 071
-
health
1 124
-
2 261
-
pensions

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

1 795
-
3 611
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
unemployment
97
-
197
-
total
3 195
-
6 429
-
Corporate
97 018
116 500
-
-
income
9 702
11 650
-
-
total
9 702
11 650
-
-
Dividends
87 316
104 850
-
-
withholding
4 366
5 243
-
-
total
4 366
5 243
-
-
Income
116 500
116 500
116 500
116 500
Total tax
21 249
16 893
22 180
26 224
After tax
95 251
99 607
94 320
90 276
Living cost
12 299
12 299
12 299
12 299
Free-cash
82 952
87 308
82 021
77 977

Estimated living cost  is ₽12299 per week

₽7181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₽4920
₽11457
₽14935
₽7283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
26 972
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
49 535
Employee
86 993
80 127
99 141
-
pensions
10 993
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
10 853
10 461
11 545
-
total
34 962
34 570
35 654
-
Employer
86 993
80 127
99 141
-
health
6 045
5 570
6 891
-
pensions
6 054
5 577
6 900
-
unemployment
3 132
2 885
3 568
-
total
15 231
14 032
17 359
-
Corporate
14 276
22 341
-
-
income
2 854
4 468
-
-
total
2 854
4 468
-
-
Dividends
11 422
17 874
-
-
income
2 427
3 798
-
-
withholding
1 713
2 682
-
-
total
4 140
6 480
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 187
59 550
53 013
49 535
After tax
59 313
56 950
63 487
66 965
Living cost
52 030
52 030
52 030
52 030
Free-cash
7 283
4 920
11 457
14 935

Estimated living cost  is ₽52030 per week

₽38381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽57199
₽36108
₽34502
₽48990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 149
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
58 987
Employee
33 839
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 200
-
5 651
-
income
4 061
-
10 433
-
health
4 568
-
11 737
-
total
10 829
-
27 821
-
Employer
33 839
-
86 940
-
health
3 045
-
7 825
-
social contributions
8 460
-
21 735
-
total
11 505
-
29 560
-
Corporate
71 156
116 500
-
-
income
13 520
22 135
-
-
total
13 520
22 135
-
-
Dividends
57 636
94 365
-
-
withholding
8 645
14 155
-
-
total
8 645
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 499
36 290
57 381
58 987
After tax
72 001
80 210
59 119
57 513
Living cost
23 011
23 011
23 011
23 011
Free-cash
48 990
57 199
36 108
34 502

Estimated living cost  is ₽23011 per week

₽15983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₽22565
₽13051
₽18593
₽17664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 325
municipal
-
-
-
693
national
-
-
-
26 332
total
-
-
-
58 314
Employee
83 391
-
116 500
-
municipal
442
-
618
-
national
14 450
-
22 790
-
regional
787
-
1 164
-
social contributions
28 119
-
39 284
-
total
43 798
-
63 856
-
Employer
83 391
-
116 500
-
total
-
-
-
-
Corporate
33 109
116 500
-
-
municipal
1 291
4 544
-
-
nationa
7 947
27 959
-
-
total
9 238
32 503
-
-
Dividends
23 871
83 997
-
-
withholding
6 207
21 839
-
-
total
6 207
21 839
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 243
54 342
63 856
58 314
After tax
57 257
62 158
52 644
58 186
Living cost
39 593
39 593
39 593
39 593
Free-cash
17 664
22 565
13 051
18 593

Estimated living cost  is ₽39593 per week

₽27599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₽52574
₽33770
₽35693
₽49654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
24 946
other
-
-
-
-
surtax
-
-
-
3 372
unemployment
-
-
-
214
health
-
-
-
8 271
pensions
-
-
-
23 299
total
-
-
-
60 102
Employee
31 029
-
96 242
-
other
-
-
-
-
unemployment
2 160
-
6 699
-
pensions
2 069
-
6 419
-
surtax
101
-
3 070
-
income
5 201
-
23 125
-
health
792
-
2 454
-
total
10 323
-
41 767
-
Employer
31 029
-
96 242
-
health
1 412
-
4 379
-
pensions
4 136
-
12 829
-
unemployment
983
-
3 050
-
other
-
-
-
-
total
6 531
-
20 258
-
Corporate
78 940
116 500
-
-
income
20 525
30 290
-
-
total
20 525
30 290
-
-
Dividends
58 414
86 210
-
-
withholding
8 762
12 931
-
-
total
8 762
12 931
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 141
43 221
62 025
60 102
After tax
70 359
73 279
54 475
56 398
Living cost
20 705
20 705
20 705
20 705
Free-cash
49 654
52 574
33 770
35 693

Estimated living cost  is ₽20705 per week

₽12660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽38675
₽27267
₽38081
₽37086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 133
pensions
-
-
-
7 461
total
-
-
-
35 594
Employee
59 438
-
102 220
-
pensions
5 045
-
9 533
-
income
10 705
-
20 925
-
health
863
-
1 670
-
total
16 613
-
32 128
-
Employer
59 438
-
102 220
-
health
1 129
-
1 942
-
pensions
6 434
-
12 338
-
total
7 563
-
14 280
-
Corporate
49 498
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.

9 405
22 135
-
-
total
9 405
22 135
-
-
Dividends
40 094
94 365
-
-
withholding
3 008
12 865
-
-
total
3 008
12 865
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 589
35 000
46 408
35 594
After tax
79 911
81 500
70 092
80 906
Living cost
42 825
42 825
42 825
42 825
Free-cash
37 086
38 675
27 267
38 081

Estimated living cost  is ₽42825 per week

₽32084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3210
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₽20812
₽16497
₽22281
₽10886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 331
regional
-
-
-
4 534
health
-
-
-
263
city
-
-
-
1 227
national
-
-
-
1 060
pensions
-
-
-
10 718
total
-
-
-
20 133
Employee
86 700
-
104 273
-
unemployment
-
-
-
-
pensions
7 284
-
8 761
-
national
410
-
820
-
regional
2 839
-
3 901
-
city
930
-
1 121
-
health
196
-
234
-
total
11 659
-
14 837
-
Employer
86 700
-
104 273
-
health
196
-
234
-
pensions
7 284
-
8 761
-
unemployment
-
-
-
-
other

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

1 733
-
2 085
-
total
9 213
-
11 080
-
Corporate
19 634
116 500
-
-
regional
4 152
24 639
-
-
national
1 669
9 902
-
-
total
5 821
34 541
-
-
Dividends
13 813
81 958
-
-
withholding
4 835
28 685
-
-
total
4 835
28 685
-
-
Income
116 500
116 500
116 500
116 500
Total tax
31 528
63 226
25 917
20 133
After tax
84 972
53 274
90 583
96 367
Living cost
74 086
74 086
74 086
74 086
Free-cash
10 886
-20 812
16 497
22 281

Estimated living cost  is ₽74086 per week

₽48177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽910
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₽14654
₽34821
₽22323
₽29871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 602
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.

-
-
-
1 683
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 410
trade
-
-
-
12 498
total
-
-
-
51 193
Employee

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

56 390
-
116 500
-
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.

365
-
1 683
-
income

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

6 631
-
30 602
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 410
-
6 410
-
total
13 406
-
38 695
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 110
116 500
-
-
income
9 017
17 475
-
-
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.

497
962
-
-
chamber of commerce
228
306
-
-
trade
10 308
19 980
-
-
total
20 050
38 723
-
-
Dividends
40 060
77 777
-
-
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.

531
1 051
-
-
withholding
9 658
19 088
-
-
total
10 189
20 139
-
-
Income
116 500
116 500
116 500
116 500
Total tax
43 645
58 862
38 695
51 193
After tax
72 855
57 638
77 805
65 307
Living cost
42 984
42 984
42 984
42 984
Free-cash
29 871
14 654
34 821
22 323

Estimated living cost  is ₽42984 per week

₽31394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₽26611
₽37356
₽34339
₽32154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 301
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 319
health
-
-
-
3 403
pensions
-
-
-
25 424
total
-
-
-
50 058
Employee
40 158
-
92 935
-
pensions
4 541
-
5 285
-
surtax
-
-
-
-
social contributions
1 145
-
2 648
-
income
2 370
-
15 544
-
total
8 056
-
23 477
-
Employer
40 158
-
92 935
-
health
2 812
-
7 205
-
pensions
6 597
-
9 108
-
unemployment
1 626
-
3 764
-
social contributions
121
-
280
-
other
1 385
-
3 207
-
total
12 541
-
23 564
-
Corporate
63 801
116 500
-
-
income
17 865
32 621
-
-
surtax
-
-
-
-
total
17 865
32 621
-
-
Dividends
45 936
83 879
-
-
surtax
-
-
-
-
social contributions
7 901
14 428
-
-
withholding
5 880
10 737
-
-
total
13 781
25 165
-
-
Income
116 500
116 500
116 500
116 500
Total tax
52 243
57 786
47 041
50 058
After tax
64 257
58 714
69 459
66 442
Living cost
32 103
32 103
32 103
32 103
Free-cash
32 154
26 611
37 356
34 339

Estimated living cost  is ₽32103 per week

₽20242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₽29792
₽40537
₽37520
₽35010
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 301
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 319
health
-
-
-
3 403
pensions
-
-
-
25 424
total
-
-
-
50 058
Employee
35 847
-
92 935
-
pensions
4 054
-
5 285
-
surtax
-
-
-
-
social contributions
1 022
-
2 648
-
income
1 848
-
15 544
-
total
6 924
-
23 477
-
Employer
35 847
-
92 935
-
health
2 509
-
7 205
-
pensions
5 890
-
9 108
-
unemployment
1 451
-
3 764
-
social contributions
107
-
280
-
other
1 238
-
3 207
-
total
11 195
-
23 564
-
Corporate
69 459
116 500
-
-
income
19 448
32 621
-
-
surtax
-
-
-
-
total
19 448
32 621
-
-
Dividends
50 011
83 879
-
-
surtax
-
-
-
-
social contributions
8 600
14 428
-
-
withholding
6 401
10 737
-
-
total
15 001
25 165
-
-
Income
116 500
116 500
116 500
116 500
Total tax
52 568
57 786
47 041
50 058
After tax
63 932
58 714
69 459
66 442
Living cost
28 922
28 922
28 922
28 922
Free-cash
35 010
29 792
40 537
37 520

Estimated living cost  is ₽28922 per week

₽16773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽51181
₽53950
₽54920
₽51668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
16 077
health
-
-
-
8 132
total
-
-
-
41 684
Employee
31 814
-
116 500
-
social contributions
4 391
-
16 077
-
income
5 306
-
18 445
-
health
2 220
-
8 132
-
total
11 917
-
42 654
-
Employer
31 814
-
116 500
-
total
-
-
-
-
Corporate
84 686
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%.

4 234
5 824
-
-
total
4 234
5 824
-
-
Dividends
80 452
110 676
-
-
social contributions
11 102
15 274
-
-
withholding
12 067
16 601
-
-
health
5 616
7 724
-
-
total
28 785
39 599
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 936
45 423
42 654
41 684
After tax
71 564
71 077
73 846
74 816
Living cost
19 896
19 896
19 896
19 896
Free-cash
51 668
51 181
53 950
54 920

Estimated living cost  is ₽19896 per week

₽13315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽31862
-₽631
₽25110
₽30411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 257
surtax
-
-
-
185
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
467
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
58 328
Employee
46 892
37 393
90 321
-
other
468
374
903
-
unemployment
1 407
1 122
2 710
-
pensions
4 802
3 828
9 248
-
income
5 338
2 758
19 847
-
health
1 814
1 448
3 495
-
total
13 829
9 530
36 203
-
Employer
46 892
37 393
90 321
-
chamber of commerce
187
150
361
-
health
1 772
1 414
3 413
-
pensions
5 885
4 694
11 335
-
accident
609
486
1 173
-
unemployment
1 407
1 122
2 710
-
surtax
185
185
185
-
payroll
1 407
1 122
2 710
-
other
2 228
1 775
4 289
-
total
13 680
10 948
26 176
-
Corporate
55 929
68 160
86 760
-
income

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

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

13 983
17 040
21 690
-
total
13 983
17 040
21 690
-
Dividends
41 946
51 120
-
-
withholding
11 535
14 058
-
-
total
11 535
14 058
-
-
Income
116 500
116 500
116 500
116 500
Total tax
53 027
51 576
84 069
58 328
After tax
63 473
64 924
32 431
58 172
Living cost
33 062
33 062
33 062
33 062
Free-cash
30 411
31 862
-631
25 110

Estimated living cost  is ₽33062 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₽31044
₽9527
₽18109
₽16972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 876
social contributions
-
-
-
18 556
national
-
-
-
39 747
total
-
-
-
64 179
Employee

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

67 117
-
90 232
-
unemployment

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

584
-
785
-
communal

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

3 501
-
4 706
-
pensions

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

5 034
-
6 768
-
national
20 635
-
29 994
-
health

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

3 153
-
4 241
-
total
32 907
-
46 494
-
Employer

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

67 117
-
90 232
-
health

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

4 127
-
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.

5 947
-
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.

872
-
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.

979
-
1 318
-
surtax
7 610
-
10 231
-
total
19 535
-
26 267
-
Corporate
29 846
116 500
-
-
income
5 969
23 299
-
-
surtax
119
467
-
-
total
6 088
23 766
-
-
Dividends
23 758
92 734
-
-
withholding

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

6 786
27 478
-
-
total
6 786
27 478
-
-
Income
116 500
116 500
116 500
116 500
Total tax
65 316
51 244
72 761
64 179
After tax
51 184
65 256
43 739
52 321
Living cost
34 212
34 212
34 212
34 212
Free-cash
16 972
31 044
9 527
18 109

Estimated living cost  is ₽34212 per week

₽22037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽44358
₽26216
₽30726
₽37084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
25 797
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 888
Employee
46 707
-
88 774
-
other
46
-
87
-
unemployment
725
-
1 348
-
pensions
2 195
-
4 088
-
income
9 855
-
23 149
-
total
12 821
-
28 672
-
Employer
46 707
-
88 774
-
pensions
11 022
-
20 525
-
accident
924
-
1 722
-
unemployment
2 569
-
4 783
-
other
372
-
696
-
total
14 887
-
27 726
-
Corporate
54 906
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.

8 235
17 475
-
-
total
8 235
17 475
-
-
Dividends
46 670
99 025
-
-
withholding
9 587
20 781
-
-
total
9 587
20 781
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 530
38 256
56 398
51 888
After tax
70 970
78 244
60 102
64 612
Living cost
33 886
33 886
33 886
33 886
Free-cash
37 084
44 358
26 216
30 726

Estimated living cost  is ₽33886 per week

₽24953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽19364
₽16716
₽12068
₽10372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
communal
-
-
-
7 363
accident
-
-
-
983
income
-
-
-
13 673
surtax
-
-
-
5 776
health
-
-
-
8 184
pensions
-
-
-
17 462
total
-
-
-
53 441
Employee
71 057
-
104 064
-
pensions
5 684
-
8 324
-
surtax
4 355
-
6 378
-
income
6 863
-
17 027
-
health
3 162
-
4 630
-
total
20 064
-
36 359
-
Employer
71 057
-
104 064
-
health
2 167
-
3 173
-
pensions
5 684
-
8 324
-
accident
639
-
937
-
total
8 490
-
12 434
-
Corporate
36 953
116 500
-
-
communal
2 495
7 863
-
-
income
5 543
17 475
-
-
surtax
388
1 223
-
-
total
8 426
26 561
-
-
Dividends
28 527
89 939
-
-
income
13 878
6 092
-
-
withholding
4 279
13 492
-
-
total
18 157
19 584
-
-
Income
116 500
116 500
116 500
116 500
Total tax
55 137
46 145
48 793
53 441
After tax
61 363
70 355
67 707
63 059
Living cost
50 991
50 991
50 991
50 991
Free-cash
10 372
19 364
16 716
12 068

Estimated living cost  is ₽50991 per week

₽38251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₽52204
₽33400
₽35323
₽49219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
116 500
income
-
-
-
24 946
other
-
-
-
-
surtax
-
-
-
3 372
unemployment
-
-
-
214
health
-
-
-
8 271
pensions
-
-
-
23 299
total
-
-
-
60 102
Employee
31 599
-
96 242
-
other
-
-
-
-
unemployment
2 199
-
6 699
-
pensions
2 108
-
6 419
-
surtax
112
-
3 070
-
income
5 297
-
23 125
-
health
807
-
2 454
-
total
10 523
-
41 767
-
Employer
31 599
-
96 242
-
health
1 437
-
4 379
-
pensions
4 213
-
12 829
-
unemployment
1 002
-
3 050
-
other
-
-
-
-
total
6 652
-
20 258
-
Corporate
78 249
116 500
-
-
income
20 345
30 290
-
-
total
20 345
30 290
-
-
Dividends
57 904
86 210
-
-
withholding
8 686
12 931
-
-
total
8 686
12 931
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 206
43 221
62 025
60 102
After tax
70 294
73 279
54 475
56 398
Living cost
21 075
21 075
21 075
21 075
Free-cash
49 219
52 204
33 400
35 323

Estimated living cost  is ₽21075 per week

₽12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₽35959
₽26964
₽32479
₽33876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 756
municipal
-
-
-
693
national
-
-
-
26 332
total
-
-
-
58 745
Employee
52 049
-
116 500
-
municipal
276
-
618
-
national
8 246
-
22 790
-
regional
701
-
1 568
-
social contributions
17 551
-
39 284
-
total
26 774
-
64 260
-
Employer
52 049
-
116 500
-
total
-
-
-
-
Corporate
64 451
116 500
-
-
municipal
3 203
5 791
-
-
nationa
15 468
27 959
-
-
total
18 671
33 750
-
-
Dividends
45 779
82 750
-
-
withholding
11 903
21 515
-
-
total
11 903
21 515
-
-
Income
116 500
116 500
116 500
116 500
Total tax
57 348
55 265
64 260
58 745
After tax
59 152
61 235
52 240
57 755
Living cost
25 276
25 276
25 276
25 276
Free-cash
33 876
35 959
26 964
32 479

Estimated living cost  is ₽25276 per week

₽15719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽51855
₽30764
₽29158
₽41739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 149
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
15 727
total
-
-
-
58 987
Employee
41 699
-
86 940
-
solidarity contribution
-
-
-
-
social contributions
2 710
-
5 651
-
income
5 004
-
10 433
-
health
5 629
-
11 737
-
total
13 343
-
27 821
-
Employer
41 699
-
86 940
-
health
3 753
-
7 825
-
social contributions
10 425
-
21 735
-
total
14 178
-
29 560
-
Corporate
60 624
116 500
-
-
income
11 519
22 135
-
-
total
11 519
22 135
-
-
Dividends
49 105
94 365
-
-
withholding
7 366
14 155
-
-
total
7 366
14 155
-
-
Income
116 500
116 500
116 500
116 500
Total tax
46 406
36 290
57 381
58 987
After tax
70 094
80 210
59 119
57 513
Living cost
28 355
28 355
28 355
28 355
Free-cash
41 739
51 855
30 764
29 158

Estimated living cost  is ₽28355 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₽35090
₽2523
₽28422
₽34627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 257
surtax
-
-
-
-
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
467
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
58 143
Employee
41 016
37 393
90 466
-
other
410
374
905
-
unemployment
1 230
1 122
2 714
-
pensions
4 200
3 828
9 265
-
income
3 654
2 758
19 897
-
health
1 587
1 448
3 501
-
total
11 081
9 530
36 282
-
Employer
41 016
37 393
90 466
-
chamber of commerce
164
150
361
-
health
1 551
1 414
3 419
-
pensions
5 148
4 694
11 353
-
accident
532
486
1 175
-
unemployment
1 230
1 122
2 714
-
surtax
-
-
-
-
payroll
1 230
1 122
2 714
-
other
1 948
1 775
4 297
-
total
11 803
10 763
26 033
-
Corporate
63 680
68 345
86 906
-
income

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

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

15 920
17 087
21 727
-
total
15 920
17 087
21 727
-
Dividends
47 760
51 258
-
-
withholding
13 134
14 095
-
-
total
13 134
14 095
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 938
51 475
84 042
58 143
After tax
64 562
65 025
32 458
58 357
Living cost
29 935
29 935
29 935
29 935
Free-cash
34 627
35 090
2 523
28 422

Estimated living cost  is ₽29935 per week

₽17957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₽98893
₽81418
₽103553
₽96683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 727
-
116 500
-
income
2 946
-
23 300
-
total
2 946
-
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%.

101 773
116 500
-
-
total
-
-
-
-
Dividends
101 773
116 500
-
-
withholding
5 089
5 825
-
-
total
5 089
5 825
-
-
Income
116 500
116 500
116 500
116 500
Total tax
8 035
5 825
23 300
1 165
After tax
108 465
110 675
93 200
115 335
Living cost
11 782
11 782
11 782
11 782
Free-cash
96 683
98 893
81 418
103 553

Estimated living cost  is ₽11782 per week

₽7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₽55044
₽30772
₽34113
₽47195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 305
unemployment
-
-
-
174
health
-
-
-
11 464
pensions
-
-
-
21 277
total
-
-
-
57 220
Employee

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

41 492
-
100 804
-
unemployment
59
-
141
-
pensions
6 432
-
15 625
-
income
7 155
-
22 585
-
health
2 680
-
6 513
-
total
16 326
-
44 864
-
Employer

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

41 492
-
100 804
-
health
2 764
-
6 715
-
pensions
3 672
-
8 921
-
unemployment
25
-
61
-
total
6 461
-
15 697
-
Corporate
68 548
116 500
-
-
income
13 023
22 135
-
-
total
13 023
22 135
-
-
Dividends
55 524
94 365
-
-
withholding
8 328
14 154
-
-
total
8 328
14 154
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 138
36 289
60 561
57 220
After tax
72 362
80 211
55 939
59 280
Living cost
25 167
25 167
25 167
25 167
Free-cash
47 195
55 044
30 772
34 113

Estimated living cost  is ₽25167 per week

₽17272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₽30799
₽64200
₽40431
-₽21999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
57 469
-
-
-
social contributions
4 712
-
672
-
income
12 676
-
-
-
total
17 388
-
672
-
Employer
57 469
-
-
-
social contributions
81 031
-
11 548
-
total
81 031
-
11 548
-
Corporate
-
116 500
-
-
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
98 419
45 621
12 220
35 989
After tax
18 081
70 879
104 280
80 511
Living cost
40 080
40 080
40 080
40 080
Free-cash
-21 999
30 799
64 200
40 431

Estimated living cost  is ₽40080 per week

₽26005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₽36833
₽27257
₽34590
₽35890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 500
income
-
-
-
11 994
surtax
-
-
-
-
social contributions

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

-
-
-
40 484
total
-
-
-
52 478
Employee
43 155
-
94 141
-
surtax
-
-
-
-
social contributions
4 747
-
10 356
-
income
8 976
-
27 096
-
total
13 723
-
37 452
-
Employer
43 155
-
94 141
-
social contributions
10 249
-
22 359
-
total
10 249
-
22 359
-
Corporate
63 096
116 500
-
-
income
13 250
24 466
-
-
surtax
-
-
-
-
total
13 250
24 466
-
-
Dividends
49 847
92 034
-
-
withholding
13 956
25 769
-
-
total
13 956
25 769
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 178
50 235
59 811
52 478
After tax
65 322
66 265
56 689
64 022
Living cost
29 432
29 432
29 432
29 432
Free-cash
35 890
36 833
27 257
34 590

Estimated living cost  is ₽29432 per week

₽22021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₽13395
₽24140
₽21123
₽19846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 301
other
-
-
-
3 611
surtax
-
-
-
-
social contributions
-
-
-
3 319
health
-
-
-
3 403
pensions
-
-
-
25 424
total
-
-
-
50 058
Employee
58 768
-
92 935
-
pensions
6 647
-
5 285
-
surtax
-
-
-
-
social contributions
1 674
-
2 648
-
income
5 128
-
15 544
-
total
13 449
-
23 477
-
Employer
58 768
-
92 935
-
health
4 113
-
7 205
-
pensions
9 656
-
9 108
-
unemployment
2 381
-
3 764
-
social contributions
176
-
280
-
other
2 028
-
3 207
-
total
18 354
-
23 564
-
Corporate
39 378
116 500
-
-
income
11 026
32 621
-
-
surtax
-
-
-
-
total
11 026
32 621
-
-
Dividends
28 352
83 879
-
-
surtax
-
-
-
-
social contributions
4 877
14 428
-
-
withholding
3 629
10 737
-
-
total
8 506
25 165
-
-
Income
116 500
116 500
116 500
116 500
Total tax
51 335
57 786
47 041
50 058
After tax
65 165
58 714
69 459
66 442
Living cost
45 319
45 319
45 319
45 319
Free-cash
19 846
13 395
24 140
21 123

Estimated living cost  is ₽45319 per week

₽30671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽76644
₽62371
₽59276
₽73493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 389
social contributions
-
-
-
25 630
total
-
-
-
29 019
Employee
30 166
-
100 866
-
income
-
-
3 734
-
social contributions
1 960
-
6 556
-
total
1 960
-
10 290
-
Employer
30 166
-
100 866
-
social contributions
4 676
-
15 634
-
total
4 676
-
15 634
-
Corporate
81 659
116 500
-
-
income
8 166
11 651
-
-
total
8 166
11 651
-
-
Dividends
73 493
104 849
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
14 802
11 651
25 924
29 019
After tax
101 698
104 849
90 576
87 481
Living cost
28 205
28 205
28 205
28 205
Free-cash
73 493
76 644
62 371
59 276

Estimated living cost  is ₽28205 per week

₽18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₽87926
-₽87926
₽25725
-₽87926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 255
municipal
-
-
-
22 819
national
-
-
-
12 701
pensions
-
-
-
813
total
-
-
-
45 588
Employee
190 722
190 722
190 722
-
municipal
40 613
40 613
40 613
-
labour market
15 236
15 236
15 236
-
pensions
271
271
271
-
national
23 300
23 300
23 300
-
total
79 420
79 420
79 420
-
Employer
190 722
190 722
190 722
-
national
23 341
23 341
23 341
-
labour market
15 258
15 258
15 258
-
pensions
542
542
542
-
municipal
40 678
40 678
40 678
-
total
79 819
79 819
79 819
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
116 500
116 500
116 500
116 500
Total tax
159 239
159 239
159 239
45 588
After tax
-42 739
-42 739
-42 739
70 912
Living cost
45 187
45 187
45 187
45 187
Free-cash
-87 926
-87 926
-87 926
25 725

Estimated living cost  is ₽45187 per week

₽30926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₽11202
₽40843
₽59185
₽6270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
30 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 676
Employee
32 466
-
101 815
-
pensions
3 656
-
7 264
-
income
4 454
-
21 412
-
health
3 718
-
11 658
-
total
11 828
-
40 334
-
Employer
32 466
-
101 815
-
pensions
5 279
-
10 490
-
accident
542
-
1 700
-
unemployment
796
-
2 494
-
total
6 617
-
14 684
-
Corporate
77 417
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.

69 675
104 850
-
-
total
69 675
104 850
-
-
Dividends
7 742
11 650
-
-
withholding
1 471
2 213
-
-
total
1 471
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
89 591
107 063
55 018
36 676
After tax
26 909
9 437
61 482
79 824
Living cost
20 639
20 639
20 639
20 639
Free-cash
6 270
-11 202
40 843
59 185

Estimated living cost  is ₽20639 per week

₽15023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₽39705
₽28191
₽44165
₽39808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 403
municipal
-
-
-
20 717
national
-
-
-
14 191
total
-
-
-
36 311
Employee
49 366
-
98 005
-
municipal
8 086
-
15 985
-
unemployment
741
-
1 471
-
pensions
3 332
-
6 615
-
national
816
-
8 603
-
health
369
-
1 118
-
total
13 344
-
33 792
-
Employer
49 366
-
98 005
-
health
379
-
755
-
pensions
8 565
-
17 003
-
accident
50
-
98
-
unemployment
321
-
637
-
total
9 315
-
18 493
-
Corporate
57 819
116 500
-
-
income
11 563
23 299
-
-
total
11 563
23 299
-
-
Dividends

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

34 692
69 901
-
-
municipal
6 245
12 582
-
-
national
201
4 890
-
-
total
6 446
17 472
-
-
Income
116 500
116 500
116 500
116 500
Total tax
40 668
40 771
52 285
36 311
After tax
75 832
75 729
64 215
80 189
Living cost
36 024
36 024
36 024
36 024
Free-cash
39 808
39 705
28 191
44 165

Estimated living cost  is ₽36024 per week

₽23531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₽63424
₽58676
₽59923
₽58317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 702
social contributions
-
-
-
15 181
health
-
-
-
2 970
total
-
-
-
34 853
Employee
72 151
72 151
106 454
-
social contributions
2 728
5 988
8 077
-
income
7 856
6 679
16 168
-
health
559
1 227
1 809
-
total
11 143
13 894
26 054
-
Employer
72 151
72 151
106 454
-
health
607
1 335
1 969
-
social contributions
2 728
5 988
8 077
-
total
3 335
7 323
10 046
-
Corporate
80 298
37 025
-
-
income
10 037
4 628
-
-
total
10 037
4 628
-
-
Dividends
70 260
32 397
-
-
withholding
11 944
5 507
-
-
total
11 944
5 507
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 459
31 352
36 100
34 853
After tax
80 041
85 148
80 400
81 647
Living cost
21 724
21 724
21 724
21 724
Free-cash
58 317
63 424
58 676
59 923

Estimated living cost  is ₽21724 per week

₽13020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽81577
₽61941
₽80760
₽76803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 451
unemployment
-
-
-
27
health
-
-
-
3 396
pensions
-
-
-
5 969
total
-
-
-
20 843
Employee

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

21 537
-
107 330
-
unemployment
107
-
445
-
pensions
3 230
-
13 355
-
income
1 473
-
9 124
-
health
1 830
-
7 568
-
total
6 640
-
30 492
-
Employer

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

21 537
-
107 330
-
health
926
-
3 828
-
pensions
1 184
-
4 897
-
unemployment
107
-
445
-
total
2 217
-
9 170
-
Corporate
92 746
116 500
-
-
income
8 347
10 484
-
-
total
8 347
10 484
-
-
Dividends
84 398
106 016
-
-
withholding
7 596
9 542
-
-
total
7 596
9 542
-
-
Income
116 500
116 500
116 500
116 500
Total tax
24 800
20 026
39 662
20 843
After tax
91 700
96 474
76 838
95 657
Living cost
14 897
14 897
14 897
14 897
Free-cash
76 803
81 577
61 941
80 760

Estimated living cost  is ₽14897 per week

₽9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽52442
₽34300
₽38810
₽47719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
25 797
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 888
Employee
34 695
-
88 774
-
other
34
-
87
-
unemployment
538
-
1 348
-
pensions
1 631
-
4 088
-
income
6 689
-
23 149
-
total
8 892
-
28 672
-
Employer
34 695
-
88 774
-
pensions
8 187
-
20 525
-
accident
687
-
1 722
-
unemployment
1 909
-
4 783
-
other
278
-
696
-
total
11 061
-
27 726
-
Corporate
70 744
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.

10 612
17 475
-
-
total
10 612
17 475
-
-
Dividends
60 132
99 025
-
-
withholding
12 414
20 781
-
-
total
12 414
20 781
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 979
38 256
56 398
51 888
After tax
73 521
78 244
60 102
64 612
Living cost
25 802
25 802
25 802
25 802
Free-cash
47 719
52 442
34 300
38 810

Estimated living cost  is ₽25802 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽70796
₽72574
₽72709
₽70484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 500
health
-
-
-
1 005
pensions
-
-
-
1 386
total
-
-
-
41 891
Employee
2 894
-
114 941
-
unemployment
29
-
69
-
pensions
260
-
624
-
income
560
-
39 427
-
health
145
-
347
-
total
994
-
40 467
-
Employer
2 894
-
114 941
-
health
275
-
658
-
pensions
318
-
762
-
unemployment
58
-
139
-
total
651
-
1 559
-
Corporate
112 954
116 500
-
-
income
24 850
25 630
-
-
total
24 850
25 630
-
-
Dividends
88 104
90 870
-
-
withholding
17 621
18 174
-
-
total
17 621
18 174
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 116
43 804
42 026
41 891
After tax
72 384
72 696
74 474
74 609
Living cost
1 900
1 900
1 900
1 900
Free-cash
70 484
70 796
72 574
72 709

Estimated living cost  is ₽1900 per week

₽1129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₽67975
₽48929
₽48929
₽63367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 213
unemployment
-
-
-
1 038
health
-
-
-
7 129
pensions
-
-
-
17 995
total
-
-
-
51 375
Employee

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

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

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

24 423
-
104 111
-
unemployment
183
-
519
-
pensions
3 419
-
9 690
-
income
3 367
-
25 213
-
health
1 258
-
3 564
-
total
8 227
-
38 986
-
Employer

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

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

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

24 423
-
104 111
-
health
1 258
-
3 564
-
pensions
2 931
-
8 306
-
unemployment
183
-
519
-
total
4 372
-
12 389
-
Corporate
87 705
116 500
-
-
income
13 156
17 475
-
-
total
13 156
17 475
-
-
Dividends
74 549
99 025
-
-
withholding
11 182
14 854
-
-
total
11 182
14 854
-
-
Income
116 500
116 500
116 500
116 500
Total tax
36 937
32 329
51 375
51 375
After tax
79 563
84 171
65 125
65 125
Living cost
16 196
16 196
16 196
16 196
Free-cash
63 367
67 975
48 929
48 929

Estimated living cost  is ₽16196 per week

₽10905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽40969
₽31393
₽38726
₽40631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
116 500
income
-
-
-
11 994
surtax
-
-
-
-
social contributions

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

-
-
-
40 484
total
-
-
-
52 478
Employee
36 418
-
94 141
-
surtax
-
-
-
-
social contributions
4 006
-
10 356
-
income
7 116
-
27 096
-
total
11 122
-
37 452
-
Employer
36 418
-
94 141
-
social contributions
8 648
-
22 359
-
total
8 648
-
22 359
-
Corporate
71 434
116 500
-
-
income
15 002
24 466
-
-
surtax
-
-
-
-
total
15 002
24 466
-
-
Dividends
56 432
92 034
-
-
withholding
15 801
25 769
-
-
total
15 801
25 769
-
-
Income
116 500
116 500
116 500
116 500
Total tax
50 573
50 235
59 811
52 478
After tax
65 927
66 265
56 689
64 022
Living cost
25 296
25 296
25 296
25 296
Free-cash
40 631
40 969
31 393
38 726

Estimated living cost  is ₽25296 per week

₽17916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽45268
₽27126
₽31636
₽38310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
783
income
-
-
-
25 797
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
51 888
Employee
45 316
-
88 774
-
other
45
-
87
-
unemployment
702
-
1 348
-
pensions
2 130
-
4 088
-
income
9 465
-
23 149
-
total
12 342
-
28 672
-
Employer
45 316
-
88 774
-
pensions
10 694
-
20 525
-
accident
897
-
1 722
-
unemployment
2 493
-
4 783
-
other
363
-
696
-
total
14 447
-
27 726
-
Corporate
56 736
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.

8 511
17 475
-
-
total
8 511
17 475
-
-
Dividends
48 225
99 025
-
-
withholding
9 914
20 781
-
-
total
9 914
20 781
-
-
Income
116 500
116 500
116 500
116 500
Total tax
45 214
38 256
56 398
51 888
After tax
71 286
78 244
60 102
64 612
Living cost
32 976
32 976
32 976
32 976
Free-cash
38 310
45 268
27 126
31 636

Estimated living cost  is ₽32976 per week

₽23682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽83470
₽78183
₽74139
₽77753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
26 224
Employee
21 368
-
110 071
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 877
-
income
2 137
-
11 007
-
health
983
-
1 507
-
total
5 231
-
15 751
-
Employer
21 368
-
110 071
-
health
1 475
-
2 261
-
pensions

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

2 355
-
3 611
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
unemployment
128
-
197
-
total
4 193
-
6 429
-
Corporate
90 940
116 500
-
-
income
9 094
11 650
-
-
total
9 094
11 650
-
-
Dividends
81 846
104 850
-
-
withholding
4 092
5 243
-
-
total
4 092
5 243
-
-
Income
116 500
116 500
116 500
116 500
Total tax
22 610
16 893
22 180
26 224
After tax
93 890
99 607
94 320
90 276
Living cost
16 137
16 137
16 137
16 137
Free-cash
77 753
83 470
78 183
74 139

Estimated living cost  is ₽16137 per week

₽10673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₽23810
₽41580
₽31122
₽36087
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
30 602
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.

-
-
-
1 683
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 410
trade
-
-
-
10 458
total
-
-
-
49 153
Employee

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

46 686
-
116 500
-
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.

212
-
1 683
-
income

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

3 839
-
30 602
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 410
-
6 410
-
total
10 461
-
38 695
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 814
116 500
-
-
income
10 472
17 475
-
-
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.

575
962
-
-
chamber of commerce
244
313
-
-
trade
10 018
16 718
-
-
total
21 309
35 468
-
-
Dividends
48 505
81 032
-
-
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.

648
1 095
-
-
withholding
11 770
19 902
-
-
total
12 418
20 997
-
-
Income
116 500
116 500
116 500
116 500
Total tax
44 188
56 465
38 695
49 153
After tax
72 312
60 035
77 805
67 347
Living cost
36 225
36 225
36 225
36 225
Free-cash
36 087
23 810
41 580
31 122

Estimated living cost  is ₽36225 per week

₽24989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₽28100
₽21121
₽21121
₽30171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 091
social contributions
-
-
-
10 838
total
-
-
-
41 929
Employee
73 396
-
116 500
-
income
13 850
-
31 091
-
social contributions
6 098
-
10 838
-
total
19 948
-
41 929
-
Employer
73 396
-
116 500
-
total
-
-
-
-
Corporate
43 104
116 500
-
-
income
5 388
14 562
-
-
total
5 388
14 562
-
-
Dividends
37 716
101 938
-
-
withholding
7 543
20 388
-
-
total
7 543
20 388
-
-
Income
116 500
116 500
116 500
116 500
Total tax
32 879
34 950
41 929
41 929
After tax
83 621
81 550
74 571
74 571
Living cost
53 450
53 450
53 450
53 450
Free-cash
30 171
28 100
21 121
21 121

Estimated living cost  is ₽53450 per week

₽40664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₽36708
₽51749
₽50043
₽39985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 709
health

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

-
-
-
5 687
total
-
-
-
32 396
Employee
43 044
-
112 184
-
income
4 671
-
22 058
-
social contributions
4 313
-
4 316
-
total
8 984
-
26 374
-
Employer
43 044
-
112 184
-
social contributions
4 313
-
4 316
-
total
4 313
-
4 316
-
Corporate
69 143
116 500
-
-
income
24 200
40 774
-
-
total
24 200
40 774
-
-
Dividends
44 943
75 726
-
-
social contributions
4 957
4 957
-
-
total
4 957
4 957
-
-
Income
116 500
116 500
116 500
116 500
Total tax
42 454
45 731
30 690
32 396
After tax
74 046
70 769
85 810
84 104
Living cost
34 061
34 061
34 061
34 061
Free-cash
39 985
36 708
51 749
50 043

Estimated living cost  is ₽34061 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽46685
₽35277
₽46091
₽47186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 133
pensions
-
-
-
7 461
total
-
-
-
35 594
Employee
47 789
-
102 220
-
pensions
3 648
-
9 533
-
income
8 703
-
20 925
-
health
623
-
1 670
-
total
12 974
-
32 128
-
Employer
47 789
-
102 220
-
health
908
-
1 942
-
pensions
4 828
-
12 338
-
total
5 736
-
14 280
-
Corporate
62 974
116 500
-
-
income

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

11 964
22 135
-
-
total
11 964
22 135
-
-
Dividends
51 010
94 365
-
-
withholding
3 825
12 865
-
-
total
3 825
12 865
-
-
Income
116 500
116 500
116 500
116 500
Total tax
34 499
35 000
46 408
35 594
After tax
82 001
81 500
70 092
80 906
Living cost
34 815
34 815
34 815
34 815
Free-cash
47 186
46 685
35 277
46 091

Estimated living cost  is ₽34815 per week

₽23883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₽13245
₽38800
₽57142
₽5958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240
income
-
-
-
30 044
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
36 676
Employee
35 680
-
101 815
-
pensions
4 018
-
7 264
-
income
4 895
-
21 412
-
health
4 085
-
11 658
-
total
12 998
-
40 334
-
Employer
35 680
-
101 815
-
pensions
5 801
-
10 490
-
accident
596
-
1 700
-
unemployment
874
-
2 494
-
total
7 271
-
14 684
-
Corporate
73 549
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.

66 194
104 850
-
-
total
66 194
104 850
-
-
Dividends
7 355
11 650
-
-
withholding
1 397
2 213
-
-
total
1 397
2 213
-
-
Income
116 500
116 500
116 500
116 500
Total tax
87 860
107 063
55 018
36 676
After tax
28 640
9 437
61 482
79 824
Living cost
22 682
22 682
22 682
22 682
Free-cash
5 958
-13 245
38 800
57 142

Estimated living cost  is ₽22682 per week

₽16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₽85358
₽64716
₽53315
₽80968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 470
unemployment
-
-
-
1 398
work injury
-
-
-
583
health insurance
-
-
-
8 621
pensions
-
-
-
21 436
total
-
-
-
50 508
Employee

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

20 283
-
116 500
-
health insurance
1 501
-
5 553
-
unemployment
243
-
901
-
work injury
101
-
375
-
pensions
3 732
-
13 808
-
income
2 028
-
18 470
-
total
7 605
-
39 107
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96 217
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%.

962
1 165
-
-
total
962
1 165
-
-
Dividends
95 255
115 335
-
-
withholding
14 288
17 300
-
-
total
14 288
17 300
-
-
Income
116 500
116 500
116 500
116 500
Total tax
22 855
18 465
39 107
50 508
After tax
93 645
98 035
77 393
65 992
Living cost
12 677
12 677
12 677
12 677
Free-cash
80 968
85 358
64 716
53 315

Estimated living cost  is ₽12677 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽23985
₽14183
₽19510
₽19716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 536
municipal
-
-
-
778
national
-
-
-
26 332
total
-
-
-
59 610
Employee
79 067
-
116 500
-
municipal
472
-
694
-
national
13 362
-
22 790
-
regional
1 194
-
2 169
-
social contributions
26 661
-
39 284
-
total
41 689
-
64 937
-
Employer
79 067
-
116 500
-
total
-
-
-
-
Corporate
37 433
116 500
-
-
municipal
1 804
5 616
-
-
nationa
8 983
27 959
-
-
total
10 787
33 575
-
-
Dividends
26 646
82 925
-
-
withholding
6 928
21 560
-
-
total
6 928
21 560
-
-
Income
116 500
116 500
116 500
116 500
Total tax
59 404
55 135
64 937
59 610
After tax
57 096
61 365
51 563
56 890
Living cost
37 380
37 380
37 380
37 380
Free-cash
19 716
23 985
14 183
19 510

Estimated living cost  is ₽37380 per week

₽26257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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