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
₽ 117000
per

Your estimated
City
free-cash

Dresden , Germany
₽28646
₽48549
₽37487
₽39770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income

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

-
-
-
29 495
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.

-
-
-
1 622
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.

-
-
-
6 871
trade
-
-
-
11 062
total
-
-
-
49 050
Employee

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

38 468
-
117 000
-
surtax

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

59
-
1 622
-
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.

1 075
-
29 495
-
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.

6 871
-
6 871
-
total
8 005
-
37 988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 532
117 000
-
-
income
11 780
17 550
-
-
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.

647
966
-
-
chamber of commerce
265
321
-
-
trade
12 370
18 427
-
-
total
25 062
37 264
-
-
Dividends
53 470
79 737
-
-
surtax

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

714
1 075
-
-
withholding
12 986
19 552
-
-
total
13 700
20 627
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 767
57 891
37 988
49 050
After tax
70 233
59 109
79 012
67 950
Living cost
30 463
30 463
30 463
30 463
Free-cash
39 770
28 646
48 549
37 487

Estimated living cost  is ₽30463 per week

₽19162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3552
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.
₽7180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19597
₽17769
₽16851
₽18708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
social contributions
-
-
-
1 258
municipal
-
-
-
12 331
national
-
-
-
19 109
pensions
-
-
-
14 040
total
-
-
-
46 738
Employee
82 797
-
101 145
-
municipal
10 227
-
12 784
-
pensions
3 312
-
4 046
-
national
15 847
-
19 811
-
total
29 386
-
36 641
-
Employer
82 797
-
101 145
-
pensions
6 624
-
8 092
-
social contributions
890
-
1 087
-
total
7 514
-
9 179
-
Corporate
21 225
117 000
-
-
income

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

4 245
23 400
-
-
total
4 245
23 400
-
-
Dividends
16 980
93 600
-
-
withholding
3 736
20 592
-
-
total
3 736
20 592
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 881
43 992
45 820
46 738
After tax
72 119
73 008
71 180
70 262
Living cost
53 411
53 411
53 411
53 411
Free-cash
18 708
19 597
17 769
16 851

Estimated living cost  is ₽53411 per week

₽36303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽799
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72677
₽44837
₽41347
₽64426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
17 114
surtax
-
-
-
-
social contributions

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

-
-
-
37 615
microenterprise
-
-
-
-
total
-
-
-
54 729
Employee
29 388
-
94 286
-
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.

3 233
-
10 371
-
income
5 231
-
18 154
-
total
8 464
-
28 525
-
Employer
29 388
-
94 286
-
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.

7 079
-
22 714
-
surtax
-
-
-
-
total
7 079
-
22 714
-
Corporate
80 533
117 000
-
-
income

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

16 107
23 399
-
-
total
16 107
23 399
-
-
Dividends

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

64 426
93 601
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
31 650
23 399
51 239
54 729
After tax
85 350
93 601
65 761
62 271
Living cost
20 924
20 924
20 924
20 924
Free-cash
64 426
72 677
44 837
41 347

Estimated living cost  is ₽20924 per week

₽13349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14896
₽19599
₽24769
₽8734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
25 913
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
50 099
Employee
85 887
85 887
99 565
-
pensions
15 460
11 784
11 784
-
income

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

14 058
14 058
14 058
-
health
13 183
11 213
11 992
-
total
42 701
37 055
37 834
-
Employer
85 887
85 887
99 565
-
health
5 970
5 970
6 921
-
pensions
5 978
5 978
6 930
-
unemployment
3 092
3 092
3 584
-
total
15 040
15 040
17 435
-
Corporate
17 127
16 073
-
-
income
3 426
3 214
-
-
total
3 426
3 214
-
-
Dividends
13 701
12 859
-
-
income
2 911
2 733
-
-
withholding
2 056
1 930
-
-
total
4 967
4 663
-
-
Income
117 000
117 000
117 000
117 000
Total tax
66 134
59 972
55 269
50 099
After tax
50 866
57 028
61 731
66 901
Living cost
42 132
42 132
42 132
42 132
Free-cash
8 734
14 896
19 599
24 769

Estimated living cost  is ₽42132 per week

₽29858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽670
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22676
₽20522
₽21430
₽21751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
181
other
-
-
-
10 494
unemployment
-
-
-
90
health
-
-
-
5 635
municipal
-
-
-
27 088
national
-
-
-
1 114
pensions
-
-
-
9 762
total
-
-
-
54 364
Employee
58 715
-
89 027
-
municipal
17 509
-
26 548
-
national
-
-
752
-
total
17 509
-
27 300
-
Employer
58 715
-
89 027
-
health
3 611
-
5 475
-
pensions
6 347
-
9 624
-
accident
117
-
178
-
unemployment
1 550
-
2 350
-
other
6 823
-
10 345
-
total
18 448
-
27 972
-
Corporate
39 837
117 000
-
-
income
8 764
25 740
-
-
total
8 764
25 740
-
-
Dividends
31 073
91 260
-
-
withholding
9 322
27 378
-
-
total
9 322
27 378
-
-
Income
117 000
117 000
117 000
117 000
Total tax
54 043
53 118
55 272
54 364
After tax
62 957
63 882
61 728
62 636
Living cost
41 206
41 206
41 206
41 206
Free-cash
21 751
22 676
20 522
21 430

Estimated living cost  is ₽41206 per week

₽27310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18997
₽39502
₽27947
₽33131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income

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

-
-
-
29 495
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.

-
-
-
1 622
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.

-
-
-
6 871
trade
-
-
-
11 555
total
-
-
-
49 543
Employee

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

51 004
-
117 000
-
surtax

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

240
-
1 622
-
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.

4 382
-
29 495
-
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.

6 871
-
6 871
-
total
11 493
-
37 988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 996
117 000
-
-
income
9 900
17 550
-
-
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.

544
966
-
-
chamber of commerce
246
319
-
-
trade
10 856
19 246
-
-
total
21 546
38 081
-
-
Dividends
44 450
78 920
-
-
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.

590
1 065
-
-
withholding
10 730
19 347
-
-
total
11 320
20 412
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 359
58 493
37 988
49 543
After tax
72 641
58 507
79 012
67 457
Living cost
39 510
39 510
39 510
39 510
Free-cash
33 131
18 997
39 502
27 947

Estimated living cost  is ₽39510 per week

₽26424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52927
₽48241
₽49522
₽48757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
15 601
social contributions
-
-
-
16 273
health
-
-
-
2 983
total
-
-
-
34 857
Employee
77 337
77 337
106 375
-
social contributions
3 758
6 419
8 657
-
income
8 121
7 159
15 049
-
health
769
1 315
1 807
-
total
12 648
14 893
25 513
-
Employer
77 337
77 337
106 375
-
health
838
1 431
1 968
-
social contributions
3 758
6 419
8 657
-
total
4 596
7 850
10 625
-
Corporate
67 134
31 813
-
-
income
8 392
3 978
-
-
total
8 392
3 978
-
-
Dividends
58 742
27 835
-
-
withholding
9 986
4 731
-
-
total
9 986
4 731
-
-
Income
117 000
117 000
117 000
117 000
Total tax
35 622
31 452
36 138
34 857
After tax
81 378
85 548
80 862
82 143
Living cost
32 621
32 621
32 621
32 621
Free-cash
48 757
52 927
48 241
49 522

Estimated living cost  is ₽32621 per week

₽22300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
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.
₽7226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47399
₽49370
₽62597
₽47783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
14 303
unemployment
-
-
-
1 755
health
-
-
-
8 190
pensions
-
-
-
11 700
total
-
-
-
35 948
Employee

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

The minimum wage is 138,000 HUF per month.

26 641
10 603
97 908
-
unemployment
400
159
1 469
-
pensions
2 664
1 060
9 791
-
income
3 257
1 296
11 969
-
health
1 865
742
6 854
-
total
8 186
3 257
30 083
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 641
10 603
97 908
-
pensions
5 195
2 068
19 092
-
total
5 195
2 068
19 092
-
Corporate
85 164
104 330
-
-
income
7 665
9 390
-
-
total
7 665
9 390
-
-
Dividends
77 500
94 940
-
-
social contributions
14 991
18 392
-
-
withholding
14 725
18 039
-
-
total
29 716
36 431
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 762
51 146
49 175
35 948
After tax
66 238
65 854
67 825
81 052
Living cost
18 455
18 455
18 455
18 455
Free-cash
47 783
47 399
49 370
62 597

Estimated living cost  is ₽18455 per week

₽12594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1510
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69308
₽43145
₽38419
₽63059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
15 679
health
-
-
-
15 210
pensions
-
-
-
23 399
total
-
-
-
54 288
Employee
28 531
-
87 442
-
unemployment
456
-
1 399
-
pensions
571
-
1 748
-
income
3 212
-
16 859
-
total
4 239
-
20 006
-
Employer
28 531
-
87 442
-
health
3 708
-
11 368
-
pensions
5 707
-
17 488
-
unemployment
229
-
700
-
total
9 644
-
29 556
-
Corporate
78 824
117 000
-
-
income
15 765
23 399
-
-
total
15 765
23 399
-
-
Dividends
63 059
93 601
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
29 648
23 399
49 562
54 288
After tax
87 352
93 601
67 438
62 712
Living cost
24 292
24 292
24 292
24 292
Free-cash
63 059
69 308
43 145
38 419

Estimated living cost  is ₽24292 per week

₽16662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12923
₽38962
₽57807
₽6041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
257
income
-
-
-
29 702
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
36 793
Employee
35 237
-
101 597
-
pensions
3 968
-
7 768
-
income
4 834
-
20 834
-
health
4 035
-
11 633
-
total
12 837
-
40 235
-
Employer
35 237
-
101 597
-
pensions
5 730
-
11 218
-
accident
588
-
1 696
-
unemployment
863
-
2 489
-
total
7 181
-
15 403
-
Corporate
74 582
117 000
-
-
income

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

67 124
105 300
-
-
total
67 124
105 300
-
-
Dividends
7 458
11 700
-
-
withholding
1 417
2 223
-
-
total
1 417
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
88 559
107 523
55 638
36 793
After tax
28 441
9 477
61 362
80 207
Living cost
22 400
22 400
22 400
22 400
Free-cash
6 041
-12 923
38 962
57 807

Estimated living cost  is ₽22400 per week

₽16417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103010
₽85460
₽107690
₽101483
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
117 000
microenterprise

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

-
-
-
1 170
total
-
-
-
1 170
Employee
10 174
-
117 000
-
income
2 035
-
23 400
-
total
2 035
-
23 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

106 826
117 000
-
-
total
-
-
-
-
Dividends
106 826
117 000
-
-
withholding
5 342
5 850
-
-
total
5 342
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
7 377
5 850
23 400
1 170
After tax
109 623
111 150
93 600
115 830
Living cost
8 140
8 140
8 140
8 140
Free-cash
101 483
103 010
85 460
107 690

Estimated living cost  is ₽8140 per week

₽5044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59162
₽40957
₽36120
₽52366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
15 297
other
-
-
-
5 558
health
-
-
-
5 147
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.

-
-
-
28 079
total
-
-
-
54 081
Employee
36 518
-
93 450
-
unemployment
365
-
935
-
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.

2 556
-
6 543
-
income
6 287
-
16 910
-
health
512
-
1 307
-
total
9 720
-
25 695
-
Employer
36 518
-
93 450
-
health
512
-
1 307
-
pensions

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

6 209
-
15 887
-
accident
292
-
748
-
unemployment
365
-
935
-
other
1 827
-
4 672
-
total
9 205
-
23 549
-
Corporate
71 279
117 000
-
-
income
14 969
24 569
-
-
total
14 969
24 569
-
-
Dividends
56 310
92 431
-
-
withholding
3 941
6 470
-
-
total
3 941
6 470
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 835
31 039
49 244
54 081
After tax
79 165
85 961
67 756
62 919
Living cost
26 799
26 799
26 799
26 799
Free-cash
52 366
59 162
40 957
36 120

Estimated living cost  is ₽26799 per week

₽18935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16100
₽4249
₽15167
₽7072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
27 162
pensions
-
-
-
7 812
total
-
-
-
34 974
Employee
94 595
-
102 753
-
pensions
9 126
-
10 042
-
income
17 052
-
19 883
-
health
1 559
-
1 720
-
total
27 737
-
31 645
-
Employer
94 595
-
102 753
-
health
1 797
-
1 953
-
pensions
11 169
-
12 294
-
total
12 966
-
14 247
-
Corporate
9 439
117 000
-
-
income

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

1 794
22 230
-
-
total
1 794
22 230
-
-
Dividends
7 645
94 770
-
-
withholding
572
11 811
-
-
total
572
11 811
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 069
34 041
45 892
34 974
After tax
73 931
82 959
71 108
82 026
Living cost
66 859
66 859
66 859
66 859
Free-cash
7 072
16 100
4 249
15 167

Estimated living cost  is ₽66859 per week

₽50099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86830
₽80789
₽76852
₽82150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
17 550
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
26 943
Employee
17 485
-
110 098
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
pensions

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

1 535
-
3 089
-
income
1 748
-
11 010
-
health
804
-
1 618
-
total
4 280
-
16 104
-
Employer
17 485
-
110 098
-
health
1 207
-
2 427
-
pensions

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

1 927
-
3 877
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
unemployment
105
-
211
-
total
3 432
-
6 902
-
Corporate
96 084
117 000
-
-
income
9 609
11 700
-
-
total
9 609
11 700
-
-
Dividends
86 476
105 300
-
-
withholding
4 324
5 265
-
-
total
4 324
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
21 645
16 965
23 006
26 943
After tax
95 355
100 035
93 994
90 057
Living cost
13 205
13 205
13 205
13 205
Free-cash
82 150
86 830
80 789
76 852

Estimated living cost  is ₽13205 per week

₽7709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1258
₽5961
₽11131
₽3790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
25 913
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
50 099
Employee
93 245
85 887
99 565
-
pensions
11 784
11 784
11 784
-
income

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

14 058
14 058
14 058
-
health
11 633
11 213
11 992
-
total
37 475
37 055
37 834
-
Employer
93 245
85 887
99 565
-
health
6 480
5 970
6 921
-
pensions
6 489
5 978
6 930
-
unemployment
3 357
3 092
3 584
-
total
16 326
15 040
17 435
-
Corporate
7 428
16 073
-
-
income
1 485
3 214
-
-
total
1 485
3 214
-
-
Dividends
5 944
12 859
-
-
income
1 263
2 733
-
-
withholding
891
1 930
-
-
total
2 154
4 663
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 440
59 972
55 269
50 099
After tax
59 560
57 028
61 731
66 901
Living cost
55 770
55 770
55 770
55 770
Free-cash
3 790
1 258
5 961
11 131

Estimated living cost  is ₽55770 per week

₽41140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55561
₽34381
₽31992
₽46645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
10 056
social contributions
-
-
-
34 164
solidarity contribution
-
-
-
-
health
-
-
-
15 795
total
-
-
-
60 015
Employee
36 754
-
87 313
-
solidarity contribution
-
-
-
-
social contributions
2 389
-
5 675
-
income
4 411
-
10 478
-
health
4 962
-
11 787
-
total
11 762
-
27 940
-
Employer
36 754
-
87 313
-
health
3 308
-
7 858
-
social contributions
9 189
-
21 828
-
total
12 497
-
29 686
-
Corporate
67 749
117 000
-
-
income
12 872
22 230
-
-
total
12 872
22 230
-
-
Dividends
54 877
94 770
-
-
withholding
8 231
14 216
-
-
total
8 231
14 216
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 362
36 446
57 626
60 015
After tax
71 638
80 554
59 374
56 985
Living cost
24 993
24 993
24 993
24 993
Free-cash
46 645
55 561
34 381
31 992

Estimated living cost  is ₽24993 per week

₽17360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19985
₽10885
₽16451
₽14735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
social contributions
-
-
-
30 093
regional
-
-
-
1 321
municipal
-
-
-
695
national
-
-
-
26 001
total
-
-
-
58 110
Employee
89 385
-
117 000
-
municipal
473
-
620
-
national
15 488
-
22 445
-
regional
843
-
1 158
-
social contributions
30 141
-
39 453
-
total
46 945
-
63 676
-
Employer
89 385
-
117 000
-
total
-
-
-
-
Corporate
27 615
117 000
-
-
municipal
1 076
4 563
-
-
nationa
6 629
28 079
-
-
total
7 705
32 642
-
-
Dividends
19 910
84 357
-
-
withholding
5 176
21 934
-
-
total
5 176
21 934
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 826
54 576
63 676
58 110
After tax
57 174
62 424
53 324
58 890
Living cost
42 439
42 439
42 439
42 439
Free-cash
14 735
19 985
10 885
16 451

Estimated living cost  is ₽42439 per week

₽29583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽651
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51400
₽33609
₽35533
₽48269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
24 155
other
-
-
-
-
surtax
-
-
-
3 185
unemployment
-
-
-
229
health
-
-
-
8 306
pensions
-
-
-
23 399
total
-
-
-
59 274
Employee
33 259
-
96 652
-
other
-
-
-
-
unemployment
2 315
-
6 728
-
pensions
2 218
-
6 447
-
surtax
109
-
2 880
-
income
5 575
-
22 332
-
health
849
-
2 466
-
total
11 066
-
40 853
-
Employer
33 259
-
96 652
-
health
1 514
-
4 399
-
pensions
4 434
-
12 883
-
unemployment
1 054
-
3 063
-
other
-
-
-
-
total
7 002
-
20 345
-
Corporate
76 740
117 000
-
-
income
19 952
30 419
-
-
total
19 952
30 419
-
-
Dividends
56 787
86 581
-
-
withholding
8 518
12 988
-
-
total
8 518
12 988
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 538
43 407
61 198
59 274
After tax
70 462
73 593
55 802
57 726
Living cost
22 193
22 193
22 193
22 193
Free-cash
48 269
51 400
33 609
35 533

Estimated living cost  is ₽22193 per week

₽13570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37283
₽25432
₽36350
₽34118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
27 162
pensions
-
-
-
7 812
total
-
-
-
34 974
Employee
63 395
-
102 753
-
pensions
5 381
-
10 042
-
income
11 418
-
19 883
-
health
920
-
1 720
-
total
17 719
-
31 645
-
Employer
63 395
-
102 753
-
health
1 204
-
1 953
-
pensions
6 863
-
12 294
-
total
8 067
-
14 247
-
Corporate
45 538
117 000
-
-
income

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

8 653
22 230
-
-
total
8 653
22 230
-
-
Dividends
36 885
94 770
-
-
withholding
2 767
11 811
-
-
total
2 767
11 811
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 206
34 041
45 892
34 974
After tax
79 794
82 959
71 108
82 026
Living cost
45 676
45 676
45 676
45 676
Free-cash
34 118
37 283
25 432
36 350

Estimated living cost  is ₽45676 per week

₽34220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽26244
₽11542
₽17349
₽7877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
other

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

-
-
-
2 339
regional
-
-
-
4 361
health
-
-
-
264
city
-
-
-
1 233
national
-
-
-
944
pensions
-
-
-
10 765
total
-
-
-
19 906
Employee
93 322
-
104 721
-
unemployment
-
-
-
-
pensions
7 840
-
8 797
-
national
442
-
704
-
regional
3 056
-
3 724
-
city
1 002
-
1 124
-
health
211
-
236
-
total
12 551
-
14 585
-
Employer
93 322
-
104 721
-
health
211
-
236
-
pensions
7 840
-
8 797
-
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.

1 866
-
2 095
-
total
9 917
-
11 128
-
Corporate
12 735
117 000
-
-
regional
2 693
24 746
-
-
national
1 081
9 946
-
-
total
3 774
34 692
-
-
Dividends
8 960
82 308
-
-
withholding
3 136
28 807
-
-
total
3 136
28 807
-
-
Income
117 000
117 000
117 000
117 000
Total tax
29 378
63 499
25 713
19 906
After tax
87 622
53 501
91 287
97 094
Living cost
79 745
79 745
79 745
79 745
Free-cash
7 877
-26 244
11 542
17 349

Estimated living cost  is ₽79745 per week

₽51857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽979
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽11831
₽32938
₽20893
₽28141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income

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

-
-
-
29 495
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.

-
-
-
1 622
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.

-
-
-
6 871
trade
-
-
-
12 045
total
-
-
-
50 033
Employee

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

60 444
-
117 000
-
surtax

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

391
-
1 622
-
income

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

7 108
-
29 495
-
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.

6 871
-
6 871
-
total
14 370
-
37 988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 556
117 000
-
-
income
8 484
17 550
-
-
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.

466
966
-
-
chamber of commerce
233
317
-
-
trade
9 699
20 065
-
-
total
18 882
38 898
-
-
Dividends
37 675
78 103
-
-
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.

496
1 054
-
-
withholding
9 037
19 143
-
-
total
9 533
20 197
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 785
59 095
37 988
50 033
After tax
74 215
57 905
79 012
66 967
Living cost
46 074
46 074
46 074
46 074
Free-cash
28 141
11 831
32 938
20 893

Estimated living cost  is ₽46074 per week

₽33650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24557
₽36552
₽32500
₽30498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
13 466
other
-
-
-
3 626
surtax
-
-
-
-
social contributions
-
-
-
3 332
health
-
-
-
3 069
pensions
-
-
-
26 597
total
-
-
-
50 090
Employee
43 044
-
93 879
-
pensions
4 867
-
5 086
-
surtax
-
-
-
-
social contributions
1 227
-
2 676
-
income
2 540
-
15 156
-
total
8 634
-
22 918
-
Employer
43 044
-
93 879
-
health
3 014
-
6 979
-
pensions
7 071
-
8 818
-
unemployment
1 743
-
3 802
-
social contributions
130
-
282
-
other
1 485
-
3 239
-
total
13 443
-
23 120
-
Corporate
60 513
117 000
-
-
income
16 945
32 759
-
-
surtax
-
-
-
-
total
16 945
32 759
-
-
Dividends
43 569
84 241
-
-
surtax
-
-
-
-
social contributions
7 493
14 490
-
-
withholding
5 577
10 784
-
-
total
13 070
25 274
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 092
58 033
46 038
50 090
After tax
64 908
58 967
70 962
66 910
Living cost
34 410
34 410
34 410
34 410
Free-cash
30 498
24 557
36 552
32 500

Estimated living cost  is ₽34410 per week

₽21697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽586
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27966
₽39961
₽35909
₽33552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
13 466
other
-
-
-
3 626
surtax
-
-
-
-
social contributions
-
-
-
3 332
health
-
-
-
3 069
pensions
-
-
-
26 597
total
-
-
-
50 090
Employee
38 423
-
93 879
-
pensions
4 346
-
5 086
-
surtax
-
-
-
-
social contributions
1 096
-
2 676
-
income
1 981
-
15 156
-
total
7 423
-
22 918
-
Employer
38 423
-
93 879
-
health
2 689
-
6 979
-
pensions
6 314
-
8 818
-
unemployment
1 556
-
3 802
-
social contributions
115
-
282
-
other
1 326
-
3 239
-
total
12 000
-
23 120
-
Corporate
66 577
117 000
-
-
income
18 641
32 759
-
-
surtax
-
-
-
-
total
18 641
32 759
-
-
Dividends
47 936
84 241
-
-
surtax
-
-
-
-
social contributions
8 247
14 490
-
-
withholding
6 136
10 784
-
-
total
14 383
25 274
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 447
58 033
46 038
50 090
After tax
64 553
58 967
70 962
66 910
Living cost
31 001
31 001
31 001
31 001
Free-cash
33 552
27 966
39 961
35 909

Estimated living cost  is ₽31001 per week

₽17979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50054
₽53164
₽53809
₽50576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
17 550
social contributions
-
-
-
16 147
health
-
-
-
8 167
total
-
-
-
41 864
Employee
34 101
-
117 000
-
social contributions
4 707
-
16 147
-
income
5 688
-
18 195
-
health
2 380
-
8 167
-
total
12 775
-
42 509
-
Employer
34 101
-
117 000
-
total
-
-
-
-
Corporate
82 899
117 000
-
-
income

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

4 145
5 850
-
-
total
4 145
5 850
-
-
Dividends
78 754
111 150
-
-
social contributions
10 868
15 339
-
-
withholding
11 812
16 672
-
-
health
5 497
7 758
-
-
total
28 177
39 769
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 097
45 619
42 509
41 864
After tax
71 903
71 381
74 491
75 136
Living cost
21 327
21 327
21 327
21 327
Free-cash
50 576
50 054
53 164
53 809

Estimated living cost  is ₽21327 per week

₽14272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
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.
₽5247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29875
-₽2059
₽22456
₽28314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
21 674
surtax
-
-
-
198
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
468
health
-
-
-
8 951
pensions
-
-
-
21 645
total
-
-
-
59 105
Employee
50 263
40 080
90 698
-
other
502
401
907
-
unemployment
1 508
1 202
2 722
-
pensions
5 147
4 103
9 287
-
income
5 722
2 956
19 170
-
health
1 945
1 552
3 510
-
total
14 824
10 214
35 596
-
Employer
50 263
40 080
90 698
-
chamber of commerce
200
160
363
-
health
1 899
1 515
3 428
-
pensions
6 308
5 031
11 383
-
accident
653
521
1 180
-
unemployment
1 508
1 202
2 722
-
surtax
198
198
198
-
payroll
1 508
1 202
2 722
-
other
2 388
1 903
4 308
-
total
14 662
11 732
26 304
-
Corporate
52 075
65 185
86 880
-
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.

13 019
16 296
21 720
-
total
13 019
16 296
21 720
-
Dividends
39 057
48 890
-
-
withholding
10 742
13 444
-
-
total
10 742
13 444
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 247
51 686
83 620
59 105
After tax
63 753
65 314
33 380
57 895
Living cost
35 439
35 439
35 439
35 439
Free-cash
28 314
29 875
-2 059
22 456

Estimated living cost  is ₽35439 per week

₽23636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28889
₽7880
₽16436
₽13804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
communal

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

-
-
-
5 894
social contributions
-
-
-
18 775
national
-
-
-
39 224
total
-
-
-
63 893
Employee

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

71 942
-
90 621
-
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.

626
-
788
-
communal

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

3 752
-
4 726
-
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.

5 396
-
6 797
-
national
22 118
-
29 499
-
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.

3 380
-
4 260
-
total
35 272
-
46 070
-
Employer

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

71 942
-
90 621
-
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.

4 424
-
5 573
-
pensions

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

6 375
-
8 029
-
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.

935
-
1 178
-
unemployment

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

1 050
-
1 323
-
surtax
8 157
-
10 276
-
total
20 941
-
26 379
-
Corporate
24 117
117 000
-
-
income
4 823
23 399
-
-
surtax
97
468
-
-
total
4 920
23 867
-
-
Dividends
19 197
93 133
-
-
withholding

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

5 392
27 573
-
-
total
5 392
27 573
-
-
Income
117 000
117 000
117 000
117 000
Total tax
66 525
51 440
72 449
63 893
After tax
50 475
65 560
44 551
53 107
Living cost
36 671
36 671
36 671
36 671
Free-cash
13 804
28 889
7 880
16 436

Estimated living cost  is ₽36671 per week

₽23621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3206
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42391
₽24225
₽27972
₽34458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
840
income
-
-
-
24 738
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
52 706
Employee
50 064
-
88 717
-
other
50
-
88
-
unemployment
777
-
1 374
-
pensions
2 353
-
4 170
-
income
10 563
-
22 538
-
total
13 743
-
28 170
-
Employer
50 064
-
88 717
-
pensions
11 814
-
20 937
-
accident
991
-
1 756
-
unemployment
2 754
-
4 880
-
other
399
-
710
-
total
15 958
-
28 283
-
Corporate
50 979
117 000
-
-
income

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

7 648
17 550
-
-
total
7 648
17 550
-
-
Dividends
43 331
99 450
-
-
withholding
8 871
20 737
-
-
total
8 871
20 737
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 220
38 287
56 453
52 706
After tax
70 780
78 713
60 547
64 294
Living cost
36 322
36 322
36 322
36 322
Free-cash
34 458
42 391
24 225
27 972

Estimated living cost  is ₽36322 per week

₽26747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16318
₽14588
₽9860
₽8677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
communal
-
-
-
7 394
accident
-
-
-
987
income
-
-
-
12 547
surtax
-
-
-
5 800
health
-
-
-
8 220
pensions
-
-
-
17 536
total
-
-
-
52 484
Employee
76 164
-
104 510
-
pensions
6 092
-
8 362
-
surtax
4 668
-
6 405
-
income
7 357
-
15 848
-
health
3 390
-
4 651
-
total
21 507
-
35 266
-
Employer
76 164
-
104 510
-
health
2 323
-
3 187
-
pensions
6 092
-
8 362
-
accident
685
-
941
-
total
9 100
-
12 490
-
Corporate
31 735
117 000
-
-
communal
-
7 898
-
-
income
4 760
17 550
-
-
surtax
334
1 229
-
-
total
5 094
26 677
-
-
Dividends
26 641
90 324
-
-
income
13 969
5 800
-
-
withholding
3 997
13 549
-
-
total
17 966
19 349
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 667
46 026
47 756
52 484
After tax
63 333
70 974
69 244
64 516
Living cost
54 656
54 656
54 656
54 656
Free-cash
8 677
16 318
14 588
9 860

Estimated living cost  is ₽54656 per week

₽41000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51003
₽33212
₽35136
₽47803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
24 155
other
-
-
-
-
surtax
-
-
-
3 185
unemployment
-
-
-
229
health
-
-
-
8 306
pensions
-
-
-
23 399
total
-
-
-
59 274
Employee
33 870
-
96 652
-
other
-
-
-
-
unemployment
2 357
-
6 728
-
pensions
2 260
-
6 447
-
surtax
120
-
2 880
-
income
5 678
-
22 332
-
health
865
-
2 466
-
total
11 280
-
40 853
-
Employer
33 870
-
96 652
-
health
1 540
-
4 399
-
pensions
4 516
-
12 883
-
unemployment
1 075
-
3 063
-
other
-
-
-
-
total
7 131
-
20 345
-
Corporate
75 999
117 000
-
-
income
19 760
30 419
-
-
total
19 760
30 419
-
-
Dividends
56 240
86 581
-
-
withholding
8 436
12 988
-
-
total
8 436
12 988
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 607
43 407
61 198
59 274
After tax
70 393
73 593
55 802
57 726
Living cost
22 590
22 590
22 590
22 590
Free-cash
47 803
51 003
33 212
35 136

Estimated living cost  is ₽22590 per week

₽13639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1964
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.
₽6464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34406
₽25816
₽31354
₽32171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
social contributions
-
-
-
30 093
regional
-
-
-
1 764
municipal
-
-
-
695
national
-
-
-
26 001
total
-
-
-
58 553
Employee
55 790
-
117 000
-
municipal
296
-
620
-
national
8 839
-
22 445
-
regional
751
-
1 573
-
social contributions
18 813
-
39 453
-
total
28 699
-
64 091
-
Employer
55 790
-
117 000
-
total
-
-
-
-
Corporate
61 210
117 000
-
-
municipal
3 042
5 815
-
-
nationa
14 690
28 079
-
-
total
17 732
33 894
-
-
Dividends
43 477
83 105
-
-
withholding
11 305
21 607
-
-
total
11 305
21 607
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 736
55 501
64 091
58 553
After tax
59 264
61 499
52 909
58 447
Living cost
27 093
27 093
27 093
27 093
Free-cash
32 171
34 406
25 816
31 354

Estimated living cost  is ₽27093 per week

₽16849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49756
₽28576
₽26187
₽38769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
10 056
social contributions
-
-
-
34 164
solidarity contribution
-
-
-
-
health
-
-
-
15 795
total
-
-
-
60 015
Employee
45 291
-
87 313
-
solidarity contribution
-
-
-
-
social contributions
2 944
-
5 675
-
income
5 435
-
10 478
-
health
6 114
-
11 787
-
total
14 493
-
27 940
-
Employer
45 291
-
87 313
-
health
4 076
-
7 858
-
social contributions
11 323
-
21 828
-
total
15 399
-
29 686
-
Corporate
56 310
117 000
-
-
income
10 699
22 230
-
-
total
10 699
22 230
-
-
Dividends
45 611
94 770
-
-
withholding
6 842
14 216
-
-
total
6 842
14 216
-
-
Income
117 000
117 000
117 000
117 000
Total tax
47 433
36 446
57 626
60 015
After tax
69 567
80 554
59 374
56 985
Living cost
30 798
30 798
30 798
30 798
Free-cash
38 769
49 756
28 576
26 187

Estimated living cost  is ₽30798 per week

₽22903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33334
₽1334
₽26006
₽32834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
21 674
surtax
-
-
-
-
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
468
health
-
-
-
8 951
pensions
-
-
-
21 645
total
-
-
-
58 907
Employee
43 964
40 080
90 852
-
other
439
401
908
-
unemployment
1 319
1 202
2 725
-
pensions
4 502
4 103
9 302
-
income
3 916
2 956
19 223
-
health
1 701
1 552
3 516
-
total
11 877
10 214
35 674
-
Employer
43 964
40 080
90 852
-
chamber of commerce
176
160
363
-
health
1 662
1 515
3 434
-
pensions
5 518
5 031
11 402
-
accident
571
521
1 181
-
unemployment
1 319
1 202
2 725
-
surtax
-
-
-
-
payroll
1 319
1 202
2 725
-
other
2 088
1 903
4 315
-
total
12 653
11 534
26 145
-
Corporate
60 384
65 384
87 037
-
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.

15 095
16 345
21 760
-
total
15 095
16 345
21 760
-
Dividends
45 289
49 039
-
-
withholding
12 454
13 486
-
-
total
12 454
13 486
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 079
51 579
83 579
58 907
After tax
64 921
65 421
33 421
58 093
Living cost
32 087
32 087
32 087
32 087
Free-cash
32 834
33 334
1 334
26 006

Estimated living cost  is ₽32087 per week

₽19248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3277
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.
₽8989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98466
₽80916
₽103146
₽96088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
117 000
microenterprise

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

-
-
-
1 170
total
-
-
-
1 170
Employee
15 855
-
117 000
-
income
3 171
-
23 400
-
total
3 171
-
23 400
-
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%.

101 145
117 000
-
-
total
-
-
-
-
Dividends
101 145
117 000
-
-
withholding
5 057
5 850
-
-
total
5 057
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
8 228
5 850
23 400
1 170
After tax
108 772
111 150
93 600
115 830
Living cost
12 684
12 684
12 684
12 684
Free-cash
96 088
98 466
80 916
103 146

Estimated living cost  is ₽12684 per week

₽8583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53580
₽29483
₽32836
₽45165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
24 132
unemployment
-
-
-
176
health
-
-
-
11 513
pensions
-
-
-
21 367
total
-
-
-
57 188
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.

44 474
-
101 237
-
unemployment
63
-
141
-
pensions
6 894
-
15 692
-
income
7 670
-
22 404
-
health
2 872
-
6 541
-
total
17 499
-
44 778
-
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.

44 474
-
101 237
-
health
2 962
-
6 743
-
pensions
3 936
-
8 959
-
unemployment
27
-
61
-
total
6 925
-
15 763
-
Corporate
65 601
117 000
-
-
income
12 465
22 229
-
-
total
12 465
22 229
-
-
Dividends
53 136
94 771
-
-
withholding
7 970
14 215
-
-
total
7 970
14 215
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 859
36 444
60 541
57 188
After tax
72 141
80 556
56 459
59 812
Living cost
26 976
26 976
26 976
26 976
Free-cash
45 165
53 580
29 483
32 836

Estimated living cost  is ₽26976 per week

₽18513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1729
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27180
₽59581
₽36853
-₽35057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
22 806
social contributions
-
-
-
13 338
total
-
-
-
36 144
Employee
63 094
-
-
-
social contributions
5 174
-
737
-
income
13 917
-
-
-
total
19 091
-
737
-
Employer
63 094
-
-
-
social contributions
88 963
-
12 679
-
total
88 963
-
12 679
-
Corporate
-
117 000
-
-
income
-
25 740
-
-
total
-
25 740
-
-
Dividends
-
91 260
-
-
income
-
20 077
-
-
total
-
20 077
-
-
Income
117 000
117 000
117 000
117 000
Total tax
108 054
45 817
13 416
36 144
After tax
8 946
71 183
103 584
80 856
Living cost
44 003
44 003
44 003
44 003
Free-cash
-35 057
27 180
59 581
36 853

Estimated living cost  is ₽44003 per week

₽28551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35003
₽26102
₽33100
₽33989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
11 696
surtax
-
-
-
-
social contributions

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

-
-
-
40 657
total
-
-
-
52 353
Employee
46 257
-
94 545
-
surtax
-
-
-
-
social contributions
5 088
-
10 400
-
income
9 622
-
26 496
-
total
14 710
-
36 896
-
Employer
46 257
-
94 545
-
social contributions
10 986
-
22 455
-
total
10 986
-
22 455
-
Corporate
59 758
117 000
-
-
income
12 549
24 569
-
-
surtax
-
-
-
-
total
12 549
24 569
-
-
Dividends
47 209
92 431
-
-
withholding
13 219
25 881
-
-
total
13 219
25 881
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 464
50 450
59 351
52 353
After tax
65 536
66 550
57 649
64 647
Living cost
31 547
31 547
31 547
31 547
Free-cash
33 989
35 003
26 102
33 100

Estimated living cost  is ₽31547 per week

₽23604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽527
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10391
₽22386
₽18334
₽17305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
13 466
other
-
-
-
3 626
surtax
-
-
-
-
social contributions
-
-
-
3 332
health
-
-
-
3 069
pensions
-
-
-
26 597
total
-
-
-
50 090
Employee
62 992
-
93 879
-
pensions
7 125
-
5 086
-
surtax
-
-
-
-
social contributions
1 794
-
2 676
-
income
5 496
-
15 156
-
total
14 415
-
22 918
-
Employer
62 992
-
93 879
-
health
4 409
-
6 979
-
pensions
10 350
-
8 818
-
unemployment
2 552
-
3 802
-
social contributions
189
-
282
-
other
2 174
-
3 239
-
total
19 674
-
23 120
-
Corporate
34 334
117 000
-
-
income
9 614
32 759
-
-
surtax
-
-
-
-
total
9 614
32 759
-
-
Dividends
24 721
84 241
-
-
surtax
-
-
-
-
social contributions
4 252
14 490
-
-
withholding
3 164
10 784
-
-
total
7 416
25 274
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 119
58 033
46 038
50 090
After tax
65 881
58 967
70 962
66 910
Living cost
48 576
48 576
48 576
48 576
Free-cash
17 305
10 391
22 386
18 334

Estimated living cost  is ₽48576 per week

₽32876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽666
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75068
₽61118
₽58010
₽71690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
3 019
social contributions
-
-
-
25 739
total
-
-
-
28 758
Employee
32 334
-
101 300
-
income
-
-
3 365
-
social contributions
2 101
-
6 585
-
total
2 101
-
9 950
-
Employer
32 334
-
101 300
-
social contributions
5 012
-
15 700
-
total
5 012
-
15 700
-
Corporate
79 654
117 000
-
-
income
7 965
11 700
-
-
total
7 965
11 700
-
-
Dividends
71 690
105 300
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
15 078
11 700
25 650
28 758
After tax
101 922
105 300
91 350
88 242
Living cost
30 232
30 232
30 232
30 232
Free-cash
71 690
75 068
61 118
58 010

Estimated living cost  is ₽30232 per week

₽19548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2279
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.
₽7837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽102026
-₽102026
₽23177
-₽102026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
labour market
-
-
-
9 290
municipal
-
-
-
22 588
national
-
-
-
12 660
pensions
-
-
-
871
total
-
-
-
45 409
Employee
204 345
204 345
204 345
-
municipal
43 514
43 514
43 514
-
labour market
16 324
16 324
16 324
-
pensions
290
290
290
-
national
24 964
24 964
24 964
-
total
85 092
85 092
85 092
-
Employer
204 345
204 345
204 345
-
national
25 008
25 008
25 008
-
labour market
16 348
16 348
16 348
-
pensions
581
581
581
-
municipal
43 583
43 583
43 583
-
total
85 520
85 520
85 520
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
170 612
170 612
170 612
45 409
After tax
-53 612
-53 612
-53 612
71 591
Living cost
48 414
48 414
48 414
48 414
Free-cash
-102 026
-102 026
-102 026
23 177

Estimated living cost  is ₽48414 per week

₽33135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4283
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12593
₽39292
₽58137
₽6092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
257
income
-
-
-
29 702
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
36 793
Employee
34 717
-
101 597
-
pensions
3 909
-
7 768
-
income
4 763
-
20 834
-
health
3 975
-
11 633
-
total
12 647
-
40 235
-
Employer
34 717
-
101 597
-
pensions
5 645
-
11 218
-
accident
580
-
1 696
-
unemployment
851
-
2 489
-
total
7 076
-
15 403
-
Corporate
75 207
117 000
-
-
income

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

67 686
105 300
-
-
total
67 686
105 300
-
-
Dividends
7 521
11 700
-
-
withholding
1 429
2 223
-
-
total
1 429
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
88 838
107 523
55 638
36 793
After tax
28 162
9 477
61 362
80 207
Living cost
22 070
22 070
22 070
22 070
Free-cash
6 092
-12 593
39 292
58 137

Estimated living cost  is ₽22070 per week

₽16064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37925
₽26588
₽42630
₽37440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
117 000
health
-
-
-
1 382
municipal
-
-
-
20 811
national
-
-
-
13 564
total
-
-
-
35 757
Employee
52 914
-
98 426
-
municipal
8 667
-
16 057
-
unemployment
794
-
1 477
-
pensions
3 571
-
6 644
-
national
874
-
7 953
-
health
395
-
1 096
-
total
14 301
-
33 227
-
Employer
52 914
-
98 426
-
health
407
-
758
-
pensions
9 180
-
17 076
-
accident
53
-
99
-
unemployment
344
-
639
-
total
9 984
-
18 572
-
Corporate
54 102
117 000
-
-
income
10 820
23 399
-
-
total
10 820
23 399
-
-
Dividends

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

32 461
70 200
-
-
municipal
5 842
12 637
-
-
national
-
4 426
-
-
total
5 842
17 063
-
-
Income
117 000
117 000
117 000
117 000
Total tax
40 947
40 462
51 799
35 757
After tax
76 053
76 538
65 201
81 243
Living cost
38 613
38 613
38 613
38 613
Free-cash
37 440
37 925
26 588
42 630

Estimated living cost  is ₽38613 per week

₽25222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62262
₽57576
₽58857
₽56790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
15 601
social contributions
-
-
-
16 273
health
-
-
-
2 983
total
-
-
-
34 857
Employee
77 337
77 337
106 375
-
social contributions
2 924
6 419
8 657
-
income
8 421
7 159
15 049
-
health
599
1 315
1 807
-
total
11 944
14 893
25 513
-
Employer
77 337
77 337
106 375
-
health
651
1 431
1 968
-
social contributions
2 924
6 419
8 657
-
total
3 575
7 850
10 625
-
Corporate
78 195
31 813
-
-
income
9 774
3 978
-
-
total
9 774
3 978
-
-
Dividends
68 421
27 835
-
-
withholding
11 631
4 731
-
-
total
11 631
4 731
-
-
Income
117 000
117 000
117 000
117 000
Total tax
36 924
31 452
36 138
34 857
After tax
80 076
85 548
80 862
82 143
Living cost
23 286
23 286
23 286
23 286
Free-cash
56 790
62 262
57 576
58 857

Estimated living cost  is ₽23286 per week

₽13956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2285
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80919
₽59387
₽79557
₽75803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
117 000
income
-
-
-
11 408
unemployment
-
-
-
29
health
-
-
-
3 640
pensions
-
-
-
6 398
total
-
-
-
21 475
Employee

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

23 085
-
107 171
-
unemployment
115
-
477
-
pensions
3 462
-
14 314
-
income
1 578
-
8 913
-
health
1 962
-
8 112
-
total
7 117
-
31 816
-
Employer

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

23 085
-
107 171
-
health
992
-
4 103
-
pensions
1 269
-
5 249
-
unemployment
115
-
477
-
total
2 376
-
9 829
-
Corporate
91 538
117 000
-
-
income
8 239
10 530
-
-
total
8 239
10 530
-
-
Dividends
83 299
106 470
-
-
withholding
7 497
9 583
-
-
total
7 497
9 583
-
-
Income
117 000
117 000
117 000
117 000
Total tax
25 229
20 113
41 645
21 475
After tax
91 771
96 887
75 355
95 525
Living cost
15 968
15 968
15 968
15 968
Free-cash
75 803
80 919
59 387
79 557

Estimated living cost  is ₽15968 per week

₽10188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51056
₽32890
₽36637
₽45862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
840
income
-
-
-
24 738
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
52 706
Employee
37 188
-
88 717
-
other
36
-
88
-
unemployment
576
-
1 374
-
pensions
1 748
-
4 170
-
income
7 170
-
22 538
-
total
9 530
-
28 170
-
Employer
37 188
-
88 717
-
pensions
8 776
-
20 937
-
accident
737
-
1 756
-
unemployment
2 046
-
4 880
-
other
298
-
710
-
total
11 857
-
28 283
-
Corporate
67 955
117 000
-
-
income

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

10 194
17 550
-
-
total
10 194
17 550
-
-
Dividends
57 762
99 450
-
-
withholding
11 900
20 737
-
-
total
11 900
20 737
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 481
38 287
56 453
52 706
After tax
73 519
78 713
60 547
64 294
Living cost
27 657
27 657
27 657
27 657
Free-cash
45 862
51 056
32 890
36 637

Estimated living cost  is ₽27657 per week

₽18668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71049
₽72801
₽72940
₽70728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
39 636
health
-
-
-
1 036
pensions
-
-
-
1 429
total
-
-
-
42 101
Employee
2 983
-
115 393
-
unemployment
30
-
71
-
pensions
268
-
643
-
income
577
-
39 561
-
health
149
-
357
-
total
1 024
-
40 632
-
Employer
2 983
-
115 393
-
health
283
-
679
-
pensions
328
-
786
-
unemployment
60
-
143
-
total
671
-
1 608
-
Corporate
113 346
117 000
-
-
income
24 936
25 740
-
-
total
24 936
25 740
-
-
Dividends
88 410
91 260
-
-
withholding
17 682
18 252
-
-
total
17 682
18 252
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 313
43 992
42 240
42 101
After tax
72 687
73 008
74 760
74 899
Living cost
1 959
1 959
1 959
1 959
Free-cash
70 728
71 049
72 801
72 940

Estimated living cost  is ₽1959 per week

₽1164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽159
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽45
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67139
₽46492
₽46491
₽62190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
25 020
unemployment
-
-
-
1 115
health
-
-
-
7 656
pensions
-
-
-
19 325
total
-
-
-
53 116
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.

26 227
-
103 696
-
unemployment
197
-
557
-
pensions
3 672
-
10 406
-
income
3 615
-
25 020
-
health
1 351
-
3 828
-
total
8 835
-
39 811
-
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.

26 227
-
103 696
-
health
1 351
-
3 828
-
pensions
3 147
-
8 919
-
unemployment
197
-
557
-
total
4 695
-
13 304
-
Corporate
86 078
117 000
-
-
income
12 912
17 550
-
-
total
12 912
17 550
-
-
Dividends
73 166
99 450
-
-
withholding
10 975
14 918
-
-
total
10 975
14 918
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 417
32 468
53 115
53 116
After tax
79 583
84 532
63 885
63 884
Living cost
17 393
17 393
17 393
17 393
Free-cash
62 190
67 139
46 492
46 491

Estimated living cost  is ₽17393 per week

₽11711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39436
₽30535
₽37533
₽39074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
11 696
surtax
-
-
-
-
social contributions

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

-
-
-
40 657
total
-
-
-
52 353
Employee
39 035
-
94 545
-
surtax
-
-
-
-
social contributions
4 294
-
10 400
-
income
7 627
-
26 496
-
total
11 921
-
36 896
-
Employer
39 035
-
94 545
-
social contributions
9 270
-
22 455
-
total
9 270
-
22 455
-
Corporate
68 695
117 000
-
-
income
14 425
24 569
-
-
surtax
-
-
-
-
total
14 425
24 569
-
-
Dividends
54 269
92 431
-
-
withholding
15 196
25 881
-
-
total
15 196
25 881
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 812
50 450
59 351
52 353
After tax
66 188
66 550
57 649
64 647
Living cost
27 114
27 114
27 114
27 114
Free-cash
39 074
39 436
30 535
37 533

Estimated living cost  is ₽27114 per week

₽19204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1884
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.
₽5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43367
₽25201
₽28948
₽35778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
840
income
-
-
-
24 738
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
52 706
Employee
48 573
-
88 717
-
other
48
-
88
-
unemployment
752
-
1 374
-
pensions
2 283
-
4 170
-
income
10 145
-
22 538
-
total
13 228
-
28 170
-
Employer
48 573
-
88 717
-
pensions
11 463
-
20 937
-
accident
962
-
1 756
-
unemployment
2 672
-
4 880
-
other
389
-
710
-
total
15 486
-
28 283
-
Corporate
52 941
117 000
-
-
income

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

7 942
17 550
-
-
total
7 942
17 550
-
-
Dividends
44 999
99 450
-
-
withholding
9 220
20 737
-
-
total
9 220
20 737
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 876
38 287
56 453
52 706
After tax
71 124
78 713
60 547
64 294
Living cost
35 346
35 346
35 346
35 346
Free-cash
35 778
43 367
25 201
28 948

Estimated living cost  is ₽35346 per week

₽25384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82710
₽76669
₽72732
₽76573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
17 550
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
26 943
Employee
22 941
-
110 098
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
pensions

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

2 014
-
3 089
-
income
2 294
-
11 010
-
health
1 055
-
1 618
-
total
5 615
-
16 104
-
Employer
22 941
-
110 098
-
health
1 583
-
2 427
-
pensions

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

2 528
-
3 877
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
unemployment
138
-
211
-
total
4 501
-
6 902
-
Corporate
89 558
117 000
-
-
income
8 956
11 700
-
-
total
8 956
11 700
-
-
Dividends
80 602
105 300
-
-
withholding
4 030
5 265
-
-
total
4 030
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
23 102
16 965
23 006
26 943
After tax
93 898
100 035
93 994
90 057
Living cost
17 325
17 325
17 325
17 325
Free-cash
76 573
82 710
76 669
72 732

Estimated living cost  is ₽17325 per week

₽11459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21484
₽40183
₽30104
₽34643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income

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

-
-
-
29 495
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.

-
-
-
1 622
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.

-
-
-
6 871
trade
-
-
-
10 079
total
-
-
-
48 067
Employee

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

50 042
-
117 000
-
surtax

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

227
-
1 622
-
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.

4 115
-
29 495
-
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.

6 871
-
6 871
-
total
11 213
-
37 988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 958
117 000
-
-
income
10 043
17 550
-
-
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.

552
966
-
-
chamber of commerce
250
324
-
-
trade
9 608
16 790
-
-
total
20 453
35 630
-
-
Dividends
46 505
81 370
-
-
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.

618
1 097
-
-
withholding
11 244
19 960
-
-
total
11 862
21 057
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 528
56 687
37 988
48 067
After tax
73 472
60 313
79 012
68 933
Living cost
38 829
38 829
38 829
38 829
Free-cash
34 643
21 484
40 183
30 104

Estimated living cost  is ₽38829 per week

₽26785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24607
₽18779
₽18779
₽26829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
30 177
social contributions
-
-
-
10 752
total
-
-
-
40 929
Employee
78 672
-
117 000
-
income
14 845
-
30 177
-
social contributions
6 536
-
10 752
-
total
21 381
-
40 929
-
Employer
78 672
-
117 000
-
total
-
-
-
-
Corporate
38 328
117 000
-
-
income
4 791
14 626
-
-
total
4 791
14 626
-
-
Dividends
33 538
102 374
-
-
withholding
6 707
20 475
-
-
total
6 707
20 475
-
-
Income
117 000
117 000
117 000
117 000
Total tax
32 879
35 101
40 929
40 929
After tax
84 121
81 899
76 071
76 071
Living cost
57 292
57 292
57 292
57 292
Free-cash
26 829
24 607
18 779
18 779

Estimated living cost  is ₽57292 per week

₽43587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4668
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.
₽8489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34226
₽49676
₽45785
₽37741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
28 629
health

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

-
-
-
6 077
total
-
-
-
34 706
Employee
46 138
-
112 374
-
income
5 006
-
21 563
-
social contributions
4 623
-
4 626
-
total
9 629
-
26 189
-
Employer
46 138
-
112 374
-
social contributions
4 623
-
4 626
-
total
4 623
-
4 626
-
Corporate
66 240
117 000
-
-
income
23 184
40 951
-
-
total
23 184
40 951
-
-
Dividends
43 056
76 049
-
-
social contributions
5 314
5 314
-
-
total
5 314
5 314
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 750
46 265
30 815
34 706
After tax
74 250
70 735
86 185
82 294
Living cost
36 509
36 509
36 509
36 509
Free-cash
37 741
34 226
49 676
45 785

Estimated living cost  is ₽36509 per week

₽24048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2878
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.
₽9022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45826
₽33975
₽44893
₽44889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
income
-
-
-
27 162
pensions
-
-
-
7 812
total
-
-
-
34 974
Employee
50 971
-
102 753
-
pensions
3 890
-
10 042
-
income
9 282
-
19 883
-
health
665
-
1 720
-
total
13 837
-
31 645
-
Employer
50 971
-
102 753
-
health
969
-
1 953
-
pensions
5 150
-
12 294
-
total
6 119
-
14 247
-
Corporate
59 911
117 000
-
-
income

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

11 383
22 230
-
-
total
11 383
22 230
-
-
Dividends
48 528
94 770
-
-
withholding
3 639
11 811
-
-
total
3 639
11 811
-
-
Income
117 000
117 000
117 000
117 000
Total tax
34 978
34 041
45 892
34 974
After tax
82 022
82 959
71 108
82 026
Living cost
37 133
37 133
37 133
37 133
Free-cash
44 889
45 826
33 975
44 893

Estimated living cost  is ₽37133 per week

₽25473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3415
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.
₽7778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14778
₽37107
₽55952
₽5756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
257
income
-
-
-
29 702
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
36 793
Employee
38 154
-
101 597
-
pensions
4 296
-
7 768
-
income
5 234
-
20 834
-
health
4 368
-
11 633
-
total
13 898
-
40 235
-
Employer
38 154
-
101 597
-
pensions
6 204
-
11 218
-
accident
637
-
1 696
-
unemployment
935
-
2 489
-
total
7 776
-
15 403
-
Corporate
71 071
117 000
-
-
income

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

63 964
105 300
-
-
total
63 964
105 300
-
-
Dividends
7 107
11 700
-
-
withholding
1 351
2 223
-
-
total
1 351
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
86 989
107 523
55 638
36 793
After tax
30 011
9 477
61 362
80 207
Living cost
24 255
24 255
24 255
24 255
Free-cash
5 756
-14 778
37 107
55 952

Estimated living cost  is ₽24255 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84867
₽62910
₽52856
₽80159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
117 000
income
-
-
-
18 380
unemployment
-
-
-
1 404
work injury
-
-
-
585
health insurance
-
-
-
8 658
pensions
-
-
-
21 528
total
-
-
-
50 555
Employee

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

21 742
-
117 000
-
health insurance
1 609
-
5 953
-
unemployment
261
-
965
-
work injury
109
-
402
-
pensions
4 000
-
14 801
-
income
2 174
-
18 380
-
total
8 153
-
40 501
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
95 258
117 000
-
-
income

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

953
1 170
-
-
total
953
1 170
-
-
Dividends
94 306
115 830
-
-
withholding
14 146
17 374
-
-
total
14 146
17 374
-
-
Income
117 000
117 000
117 000
117 000
Total tax
23 252
18 544
40 501
50 555
After tax
93 748
98 456
76 499
66 445
Living cost
13 589
13 589
13 589
13 589
Free-cash
80 159
84 867
62 910
52 856

Estimated living cost  is ₽13589 per week

₽8418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21561
₽12217
₽17568
₽16987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
social contributions
-
-
-
30 093
regional
-
-
-
2 488
municipal
-
-
-
783
national
-
-
-
26 001
total
-
-
-
59 365
Employee
84 751
-
117 000
-
municipal
506
-
699
-
national
14 322
-
22 445
-
regional
1 280
-
2 119
-
social contributions
28 577
-
39 453
-
total
44 685
-
64 716
-
Employer
84 751
-
117 000
-
total
-
-
-
-
Corporate
32 249
117 000
-
-
municipal
1 554
5 640
-
-
nationa
7 739
28 079
-
-
total
9 293
33 719
-
-
Dividends
22 956
83 281
-
-
withholding
5 968
21 653
-
-
total
5 968
21 653
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 946
55 372
64 716
59 365
After tax
57 054
61 628
52 284
57 635
Living cost
40 067
40 067
40 067
40 067
Free-cash
16 987
21 561
12 217
17 568

Estimated living cost  is ₽40067 per week

₽28144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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