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
₽49437
₽30258
₽37980
₽40790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 503
income

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

-
-
-
30 546
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.

-
-
-
1 680
trade
-
-
-
11 457
total
-
-
-
50 186
Employee

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

36 410
-
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.

56
-
1 680
-
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.

1 017
-
30 546
-
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.

6 503
-
6 503
-
total
7 576
-
38 729
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 590
117 000
-
-
chamber of commerce
260
313
-
-
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.

665
965
-
-
trade
12 692
18 428
-
-
income
12 089
17 550
-
-
total
25 706
37 256
-
-
Dividends
54 884
79 745
-
-
surtax

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

735
1 077
-
-
withholding
13 359
19 575
-
-
total
14 094
20 652
-
-
Income
117 000
117 000
117 000
117 000
Total tax
47 376
57 908
38 729
50 186
After tax
69 624
59 092
78 271
66 814
Living cost
28 834
28 834
28 834
28 834
Free-cash
40 790
30 258
49 437
37 980

Estimated living cost  is ₽28834 per week

₽18137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20649
₽22670
₽19731
₽21833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 040
national
-
-
-
19 226
municipal
-
-
-
12 407
total
-
-
-
46 931
Employee
78 034
-
101 145
-
municipal
9 638
-
12 860
-
national
14 936
-
19 928
-
pensions
3 121
-
4 046
-
total
27 695
-
36 834
-
Employer
78 034
-
101 145
-
pensions
6 243
-
8 092
-
social contributions
839
-
1 087
-
total
7 082
-
9 179
-
Corporate
26 735
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%.

5 347
23 400
-
-
total
5 347
23 400
-
-
Dividends
21 388
93 600
-
-
withholding
4 705
20 592
-
-
total
4 705
20 592
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 829
43 992
46 013
46 931
After tax
72 171
73 008
70 987
70 069
Living cost
50 338
50 338
50 338
50 338
Free-cash
21 833
22 670
20 649
19 731

Estimated living cost  is ₽50338 per week

₽34214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽753
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45896
₽73796
₽13451
₽65987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
36 473
income
-
-
-
17 438
surtax
-
-
-
29 834
microenterprise
-
-
-
-
total
-
-
-
83 745
Employee
27 816
-
94 287
-
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.

3 060
-
10 371
-
income
4 952
-
18 216
-
total
8 012
-
28 587
-
Employer
27 816
-
94 287
-
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.

6 700
-
22 713
-
total
6 700
-
22 713
-
Corporate
82 483
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%.

16 497
23 400
-
-
total
16 497
23 400
-
-
Dividends

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

65 987
93 600
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
31 209
23 400
51 300
83 745
After tax
85 791
93 600
65 700
33 255
Living cost
19 804
19 804
19 804
19 804
Free-cash
65 987
73 796
45 896
13 451

Estimated living cost  is ₽19804 per week

₽12635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23572
₽17293
₽27319
₽11459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 739
income
-
-
-
26 911
pensions
-
-
-
11 153
total
-
-
-
49 803
Employee
81 292
81 292
99 566
-
income

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

13 306
13 306
13 306
-
pensions
14 633
11 153
11 153
-
health
12 477
10 613
11 656
-
total
40 416
35 072
36 115
-
Employer
81 292
81 292
99 566
-
unemployment
2 927
2 927
3 584
-
health
5 651
5 651
6 921
-
pensions
5 658
5 658
6 930
-
total
14 236
14 236
17 435
-
Corporate
22 470
21 473
-
-
income
4 495
4 294
-
-
total
4 495
4 294
-
-
Dividends
17 975
17 179
-
-
income
3 819
3 651
-
-
withholding
2 697
2 576
-
-
total
6 516
6 227
-
-
Income
117 000
117 000
117 000
117 000
Total tax
65 663
59 829
53 550
49 803
After tax
51 337
57 171
63 450
67 197
Living cost
39 878
39 878
39 878
39 878
Free-cash
11 459
17 293
23 572
27 319

Estimated living cost  is ₽39878 per week

₽28261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽634
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22243
₽24741
₽23298
₽23862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 968
health
-
-
-
5 353
accident
-
-
-
172
pensions
-
-
-
9 273
national
-
-
-
2 230
unemployment
-
-
-
86
municipal
-
-
-
27 479
total
-
-
-
54 561
Employee
55 773
-
90 047
-
municipal
16 631
-
26 852
-
national
-
-
1 810
-
total
16 631
-
28 662
-
Employer
55 773
-
90 047
-
other
6 481
-
9 968
-
unemployment
1 472
-
2 265
-
health
3 430
-
5 276
-
accident
112
-
172
-
pensions
6 029
-
9 273
-
total
17 524
-
26 954
-
Corporate
43 704
117 000
-
-
income
9 615
25 740
-
-
total
9 615
25 740
-
-
Dividends
34 089
91 260
-
-
withholding
10 227
27 378
-
-
total
10 227
27 378
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 997
53 118
55 616
54 561
After tax
63 003
63 882
61 384
62 439
Living cost
39 141
39 141
39 141
39 141
Free-cash
23 862
24 741
22 243
23 298

Estimated living cost  is ₽39141 per week

₽25941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40875
₽21095
₽28909
₽34472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 503
income

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

-
-
-
30 546
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.

-
-
-
1 680
trade
-
-
-
11 966
total
-
-
-
50 695
Employee

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

48 275
-
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.

228
-
1 680
-
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.

4 148
-
30 546
-
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.

6 503
-
6 503
-
total
10 879
-
38 729
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 725
117 000
-
-
chamber of commerce
242
311
-
-
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.

567
965
-
-
trade
11 305
19 246
-
-
income
10 308
17 550
-
-
total
22 422
38 072
-
-
Dividends
46 303
78 928
-
-
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.

616
1 066
-
-
withholding
11 215
19 371
-
-
total
11 831
20 437
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 132
58 509
38 729
50 695
After tax
71 868
58 491
78 271
66 305
Living cost
37 396
37 396
37 396
37 396
Free-cash
34 472
21 095
40 875
28 909

Estimated living cost  is ₽37396 per week

₽25011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49886
₽54641
₽51144
₽50693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 402
health
-
-
-
2 984
income
-
-
-
16 594
total
-
-
-
34 980
Employee
73 200
73 200
106 829
-
social contributions
3 557
6 075
8 194
-
income
7 687
6 776
16 058
-
health
728
1 245
1 816
-
total
11 972
14 096
26 068
-
Employer
73 200
73 200
106 829
-
health
793
1 355
1 976
-
social contributions
3 557
6 075
8 194
-
total
4 350
7 430
10 170
-
Corporate
69 802
36 370
-
-
income
8 725
4 547
-
-
total
8 725
4 547
-
-
Dividends
61 077
31 823
-
-
withholding
10 384
5 410
-
-
total
10 384
5 410
-
-
Income
117 000
117 000
117 000
117 000
Total tax
35 431
31 483
36 238
34 980
After tax
81 569
85 517
80 762
82 020
Living cost
30 876
30 876
30 876
30 876
Free-cash
50 693
54 641
49 886
51 144

Estimated living cost  is ₽30876 per week

₽21107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50147
₽48160
₽63374
₽48529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 190
income
-
-
-
14 303
pensions
-
-
-
11 700
unemployment
-
-
-
1 755
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.

25 519
10 156
97 908
-
income
3 120
1 242
11 969
-
pensions
2 552
1 016
9 791
-
health
1 786
711
6 854
-
unemployment
383
152
1 469
-
total
7 841
3 121
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.

25 519
10 156
97 908
-
pensions
4 976
1 980
19 092
-
total
4 976
1 980
19 092
-
Corporate
86 505
104 863
-
-
income
7 785
9 438
-
-
total
7 785
9 438
-
-
Dividends
78 719
95 426
-
-
social contributions
15 234
18 492
-
-
withholding
14 957
18 131
-
-
total
30 191
36 623
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 793
51 162
49 175
35 948
After tax
66 207
65 838
67 825
81 052
Living cost
17 678
17 678
17 678
17 678
Free-cash
48 529
48 160
50 147
63 374

Estimated living cost  is ₽17678 per week

₽12064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44444
₽70607
₽39718
₽64693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
15 211
income
-
-
-
15 677
pensions
-
-
-
23 401
total
-
-
-
54 289
Employee
27 005
-
87 444
-
income
3 040
-
16 860
-
pensions
540
-
1 749
-
unemployment
432
-
1 398
-
total
4 012
-
20 007
-
Employer
27 005
-
87 444
-
unemployment
217
-
699
-
health
3 510
-
11 368
-
pensions
5 401
-
17 489
-
total
9 128
-
29 556
-
Corporate
80 867
117 000
-
-
income
16 174
23 400
-
-
total
16 174
23 400
-
-
Dividends
64 693
93 600
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
29 314
23 400
49 563
54 289
After tax
87 686
93 600
67 437
62 711
Living cost
22 993
22 993
22 993
22 993
Free-cash
64 693
70 607
44 444
39 718

Estimated living cost  is ₽22993 per week

₽15771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40730
-₽11542
₽59148
₽6254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
30 179
pensions
-
-
-
3 975
total
-
-
-
36 833
Employee
33 064
-
102 261
-
income
4 536
-
21 513
-
pensions
3 723
-
7 289
-
health
3 786
-
11 709
-
total
12 045
-
40 511
-
Employer
33 064
-
102 261
-
unemployment
810
-
2 506
-
accident
552
-
1 708
-
pensions
5 376
-
10 526
-
total
6 738
-
14 740
-
Corporate
77 197
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.

69 477
105 300
-
-
total
69 477
105 300
-
-
Dividends
7 720
11 700
-
-
withholding
1 467
2 223
-
-
total
1 467
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
89 727
107 523
55 251
36 833
After tax
27 273
9 477
61 749
80 167
Living cost
21 019
21 019
21 019
21 019
Free-cash
6 254
-11 542
40 730
59 148

Estimated living cost  is ₽21019 per week

₽15405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85693
₽103243
₽107923
₽101761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 884
-
117 000
-
income
1 976
-
23 400
-
total
1 976
-
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%.

107 116
117 000
-
-
total
-
-
-
-
Dividends
107 116
117 000
-
-
withholding
5 356
5 850
-
-
total
5 356
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
7 332
5 850
23 400
1 170
After tax
109 668
111 150
93 600
115 830
Living cost
7 907
7 907
7 907
7 907
Free-cash
101 761
103 243
85 693
107 923

Estimated living cost  is ₽7907 per week

₽4900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42166
₽60594
₽37324
₽54166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 557
health
-
-
-
5 149
income
-
-
-
15 525
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.

-
-
-
28 080
total
-
-
-
54 311
Employee
34 564
-
93 452
-
income
5 951
-
17 138
-
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.

2 419
-
6 541
-
health
484
-
1 308
-
unemployment
345
-
934
-
total
9 199
-
25 921
-
Employer
34 564
-
93 452
-
other
1 729
-
4 672
-
unemployment
345
-
934
-
health
484
-
1 308
-
accident
276
-
748
-
pensions

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

5 877
-
15 886
-
total
8 711
-
23 548
-
Corporate
73 725
117 000
-
-
income
15 482
24 570
-
-
total
15 482
24 570
-
-
Dividends
58 243
92 430
-
-
withholding
4 077
6 471
-
-
total
4 077
6 471
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 469
31 041
49 469
54 311
After tax
79 531
85 959
67 531
62 689
Living cost
25 365
25 365
25 365
25 365
Free-cash
54 166
60 594
42 166
37 324

Estimated living cost  is ₽25365 per week

₽17922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7575
₽19017
₽18434
₽11982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 302
pensions
-
-
-
7 479
total
-
-
-
35 781
Employee
88 831
-
102 654
-
income
16 013
-
21 064
-
health
1 464
-
1 677
-
pensions
8 570
-
9 552
-
total
26 047
-
32 293
-
Employer
88 831
-
102 654
-
health
1 687
-
1 950
-
pensions
10 488
-
12 397
-
total
12 175
-
14 347
-
Corporate
15 994
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.

3 039
22 230
-
-
total
3 039
22 230
-
-
Dividends
12 954
94 770
-
-
withholding
972
12 968
-
-
total
972
12 968
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 233
35 198
46 640
35 781
After tax
74 767
81 802
70 360
81 219
Living cost
62 785
62 785
62 785
62 785
Free-cash
11 982
19 017
7 575
18 434

Estimated living cost  is ₽62785 per week

₽47046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽82362
₽87678
₽78303
₽83300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 786
income
-
-
-
17 550
pensions

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

-
-
-
4 872
unemployment
-
-
-
132
total
-
-
-
26 340
Employee
16 363
-
110 541
-
income
1 636
-
11 054
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 437
-
2 891
-
health
753
-
1 514
-
total
4 006
-
15 821
-
Employer
16 363
-
110 541
-
unemployment
98
-
198
-
health
1 129
-
2 272
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 803
-
3 628
-
total
3 210
-
6 460
-
Corporate
97 426
117 000
-
-
income
9 743
11 700
-
-
total
9 743
11 700
-
-
Dividends
87 683
105 300
-
-
withholding
4 384
5 265
-
-
total
4 384
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
21 343
16 965
22 281
26 340
After tax
95 657
100 035
94 719
90 660
Living cost
12 357
12 357
12 357
12 357
Free-cash
83 300
87 678
82 362
78 303

Estimated living cost  is ₽12357 per week

₽7214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10663
₽4384
₽14410
₽6778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 739
income
-
-
-
26 911
pensions
-
-
-
11 153
total
-
-
-
49 803
Employee
88 257
81 292
99 566
-
income

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

13 306
13 306
13 306
-
pensions
11 153
11 153
11 153
-
health
11 011
10 613
11 656
-
total
35 470
35 072
36 115
-
Employer
88 257
81 292
99 566
-
unemployment
3 178
2 927
3 584
-
health
6 133
5 651
6 921
-
pensions
6 142
5 658
6 930
-
total
15 453
14 236
17 435
-
Corporate
13 290
21 473
-
-
income
2 657
4 294
-
-
total
2 657
4 294
-
-
Dividends
10 633
17 179
-
-
income
2 260
3 651
-
-
withholding
1 595
2 576
-
-
total
3 855
6 227
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 435
59 829
53 550
49 803
After tax
59 565
57 171
63 450
67 197
Living cost
52 787
52 787
52 787
52 787
Free-cash
6 778
4 384
10 663
14 410

Estimated living cost  is ₽52787 per week

₽38939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4715
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.
₽8528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35941
₽57122
₽33930
₽48763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 719
health
-
-
-
15 795
income
-
-
-
10 123
solidarity contribution
-
-
-
-
total
-
-
-
59 637
Employee
34 460
-
87 313
-
social contributions
2 240
-
5 675
-
solidarity contribution
-
-
-
-
income
4 135
-
10 478
-
health
4 652
-
11 787
-
total
11 027
-
27 940
-
Employer
34 460
-
87 313
-
health
3 101
-
7 858
-
social contributions
8 615
-
21 828
-
total
11 716
-
29 686
-
Corporate
70 823
117 000
-
-
income
13 456
22 230
-
-
total
13 456
22 230
-
-
Dividends
57 367
94 770
-
-
withholding
8 605
14 215
-
-
total
8 605
14 215
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 804
36 445
57 626
59 637
After tax
72 196
80 555
59 374
57 363
Living cost
23 433
23 433
23 433
23 433
Free-cash
48 763
57 122
35 941
33 930

Estimated living cost  is ₽23433 per week

₽16277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12770
₽22255
₽18336
₽17286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
26 377
regional
-
-
-
1 329
municipal
-
-
-
696
total
-
-
-
58 495
Employee
84 603
-
117 000
-
social contributions
28 528
-
39 452
-
municipal
448
-
620
-
national
14 660
-
22 820
-
regional
798
-
1 169
-
total
44 434
-
64 061
-
Employer
84 603
-
117 000
-
total
-
-
-
-
Corporate
32 397
117 000
-
-
nationa
7 775
28 080
-
-
municipal
1 263
4 563
-
-
total
9 038
32 643
-
-
Dividends
23 359
84 357
-
-
withholding
6 073
21 933
-
-
total
6 073
21 933
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 545
54 576
64 061
58 495
After tax
57 455
62 424
52 939
58 505
Living cost
40 169
40 169
40 169
40 169
Free-cash
17 286
22 255
12 770
18 336

Estimated living cost  is ₽40169 per week

₽28001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33869
₽52587
₽35798
₽49623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
8 306
income
-
-
-
24 917
pensions
-
-
-
23 400
surtax
-
-
-
3 356
unemployment
-
-
-
217
total
-
-
-
60 196
Employee
31 480
-
96 653
-
surtax
103
-
3 051
-
income
5 277
-
23 089
-
other
-
-
-
-
pensions
2 099
-
6 447
-
health
804
-
2 464
-
unemployment
2 191
-
6 727
-
total
10 474
-
41 778
-
Employer
31 480
-
96 653
-
other
-
-
-
-
unemployment
997
-
3 064
-
health
1 433
-
4 399
-
pensions
4 196
-
12 884
-
total
6 626
-
20 347
-
Corporate
78 894
117 000
-
-
income
20 513
30 420
-
-
total
20 513
30 420
-
-
Dividends
58 381
86 580
-
-
withholding
8 758
12 987
-
-
total
8 758
12 987
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 371
43 407
62 125
60 196
After tax
70 629
73 593
54 875
56 804
Living cost
21 006
21 006
21 006
21 006
Free-cash
49 623
52 587
33 869
35 798

Estimated living cost  is ₽21006 per week

₽12844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27467
₽38909
₽38326
₽37383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 302
pensions
-
-
-
7 479
total
-
-
-
35 781
Employee
59 532
-
102 654
-
income
10 722
-
21 064
-
health
864
-
1 677
-
pensions
5 053
-
9 552
-
total
16 639
-
32 293
-
Employer
59 532
-
102 654
-
health
1 131
-
1 950
-
pensions
6 444
-
12 397
-
total
7 575
-
14 347
-
Corporate
49 893
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.

9 479
22 230
-
-
total
9 479
22 230
-
-
Dividends
40 413
94 770
-
-
withholding
3 031
12 968
-
-
total
3 031
12 968
-
-
Income
117 000
117 000
117 000
117 000
Total tax
36 724
35 198
46 640
35 781
After tax
80 276
81 802
70 360
81 219
Living cost
42 893
42 893
42 893
42 893
Free-cash
37 383
38 909
27 467
38 326

Estimated living cost  is ₽42893 per week

₽32135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3215
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽14950
-₽22634
₽20746
₽9944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 341
health
-
-
-
264
pensions
-
-
-
10 765
city
-
-
-
1 234
national
-
-
-
1 024
regional
-
-
-
4 492
total
-
-
-
20 120
Employee
89 097
-
104 722
-
national
422
-
784
-
city
956
-
1 124
-
pensions
7 485
-
8 795
-
health
201
-
235
-
regional
2 917
-
3 854
-
unemployment
-
-
-
-
total
11 981
-
14 792
-
Employer
89 097
-
104 722
-
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.

1 781
-
2 094
-
unemployment
-
-
-
-
health
201
-
235
-
pensions
7 485
-
8 795
-
total
9 467
-
11 124
-
Corporate
17 455
117 000
-
-
regional
3 692
24 746
-
-
national
1 484
9 945
-
-
total
5 176
34 691
-
-
Dividends
12 280
82 309
-
-
withholding
4 298
28 809
-
-
total
4 298
28 809
-
-
Income
117 000
117 000
117 000
117 000
Total tax
30 922
63 500
25 916
20 120
After tax
86 078
53 500
91 084
96 880
Living cost
76 134
76 134
76 134
76 134
Free-cash
9 944
-22 634
14 950
20 746

Estimated living cost  is ₽76134 per week

₽49509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽935
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽34662
₽14280
₽22186
₽29719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 503
income

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

-
-
-
30 546
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.

-
-
-
1 680
trade
-
-
-
12 476
total
-
-
-
51 205
Employee

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

57 210
-
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.

370
-
1 680
-
income

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

6 727
-
30 546
-
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.

6 503
-
6 503
-
total
13 600
-
38 729
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 790
117 000
-
-
chamber of commerce
229
309
-
-
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.

493
965
-
-
trade
10 254
20 065
-
-
income
8 969
17 550
-
-
total
19 945
38 889
-
-
Dividends
39 844
78 112
-
-
surtax

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

527
1 055
-
-
withholding
9 600
19 167
-
-
total
10 127
20 222
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 672
59 111
38 729
51 205
After tax
73 328
57 889
78 271
65 795
Living cost
43 609
43 609
43 609
43 609
Free-cash
29 719
14 280
34 662
22 186

Estimated living cost  is ₽43609 per week

₽31850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37370
₽26399
₽34187
₽32022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 627
social contributions
-
-
-
3 333
health
-
-
-
3 365
income
-
-
-
14 227
pensions
-
-
-
25 692
surtax
-
-
-
-
total
-
-
-
50 244
Employee
40 742
-
93 418
-
surtax
-
-
-
-
social contributions
1 162
-
2 661
-
income
2 404
-
15 543
-
pensions
4 607
-
5 275
-
total
8 173
-
23 479
-
Employer
40 742
-
93 418
-
other
1 405
-
3 223
-
unemployment
1 649
-
3 783
-
health
2 852
-
7 198
-
pensions
6 693
-
9 098
-
social contributions
123
-
280
-
total
12 722
-
23 582
-
Corporate
63 535
117 000
-
-
surtax
-
-
-
-
income
17 790
32 761
-
-
total
17 790
32 761
-
-
Dividends
45 745
84 239
-
-
social contributions
7 869
14 488
-
-
surtax
-
-
-
-
withholding
5 855
10 783
-
-
total
13 724
25 271
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 409
58 032
47 061
50 244
After tax
64 591
58 968
69 939
66 756
Living cost
32 569
32 569
32 569
32 569
Free-cash
32 022
26 399
37 370
34 187

Estimated living cost  is ₽32569 per week

₽20536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40597
₽29626
₽37414
₽34917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 627
social contributions
-
-
-
3 333
health
-
-
-
3 365
income
-
-
-
14 227
pensions
-
-
-
25 692
surtax
-
-
-
-
total
-
-
-
50 244
Employee
36 368
-
93 418
-
surtax
-
-
-
-
social contributions
1 037
-
2 661
-
income
1 875
-
15 543
-
pensions
4 113
-
5 275
-
total
7 025
-
23 479
-
Employer
36 368
-
93 418
-
other
1 256
-
3 223
-
unemployment
1 472
-
3 783
-
health
2 545
-
7 198
-
pensions
5 976
-
9 098
-
social contributions
108
-
280
-
total
11 357
-
23 582
-
Corporate
69 275
117 000
-
-
surtax
-
-
-
-
income
19 396
32 761
-
-
total
19 396
32 761
-
-
Dividends
49 878
84 239
-
-
social contributions
8 579
14 488
-
-
surtax
-
-
-
-
withholding
6 384
10 783
-
-
total
14 963
25 271
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 741
58 032
47 061
50 244
After tax
64 259
58 968
69 939
66 756
Living cost
29 342
29 342
29 342
29 342
Free-cash
34 917
29 626
40 597
37 414

Estimated living cost  is ₽29342 per week

₽17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽54028
₽51195
₽54951
₽51688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 146
health
-
-
-
8 167
income
-
-
-
17 550
total
-
-
-
41 863
Employee
32 277
-
117 000
-
social contributions
4 455
-
16 146
-
income
5 383
-
18 473
-
health
2 253
-
8 167
-
total
12 091
-
42 786
-
Employer
32 277
-
117 000
-
total
-
-
-
-
Corporate
84 723
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%.

4 236
5 849
-
-
total
4 236
5 849
-
-
Dividends
80 487
111 151
-
-
social contributions
11 108
15 339
-
-
withholding
12 073
16 672
-
-
health
5 618
7 759
-
-
total
28 799
39 770
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 126
45 619
42 786
41 863
After tax
71 874
71 381
74 214
75 137
Living cost
20 186
20 186
20 186
20 186
Free-cash
51 688
51 195
54 028
54 951

Estimated living cost  is ₽20186 per week

₽13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1245
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.
₽4966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽856
₽31676
₽24789
₽30205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 507
income
-
-
-
23 092
chamber of commerce
-
-
-
468
pensions
-
-
-
20 574
surtax
-
-
-
188
unemployment
-
-
-
5 839
total
-
-
-
58 668
Employee
47 574
37 936
90 706
-
income
5 416
2 798
19 817
-
other
475
379
907
-
pensions
4 872
3 884
9 289
-
health
1 841
1 469
3 510
-
unemployment
1 427
1 138
2 721
-
total
14 031
9 668
36 244
-
Employer
47 574
37 936
90 706
-
other
2 260
1 801
4 308
-
unemployment
1 427
1 138
2 721
-
health
1 797
1 434
3 429
-
surtax
188
188
188
-
accident
618
493
1 180
-
pensions
5 970
4 762
11 385
-
payroll
1 427
1 138
2 721
-
chamber of commerce
190
152
363
-
total
13 877
11 106
26 295
-
Corporate
55 549
67 957
87 093
-
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.

13 887
16 990
21 774
-
total
13 887
16 990
21 774
-
Dividends
41 662
50 967
-
-
withholding
11 457
14 017
-
-
total
11 457
14 017
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 252
51 781
84 313
58 668
After tax
63 748
65 219
32 687
58 332
Living cost
33 543
33 543
33 543
33 543
Free-cash
30 205
31 676
-856
24 789

Estimated living cost  is ₽33543 per week

₽22372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9314
₽30831
₽17922
₽16552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 656
communal

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

-
-
-
5 900
national
-
-
-
39 813
total
-
-
-
64 369
Employee

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

68 093
-
90 622
-
national
20 935
-
30 029
-
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.

5 107
-
6 796
-
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.

3 199
-
4 260
-
communal

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

3 552
-
4 726
-
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.

593
-
788
-
total
33 386
-
46 599
-
Employer

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

68 093
-
90 622
-
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.

994
-
1 322
-
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.

4 187
-
5 573
-
surtax
7 721
-
10 275
-
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.

885
-
1 178
-
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.

6 034
-
8 030
-
total
19 821
-
26 378
-
Corporate
29 086
117 000
-
-
surtax
116
468
-
-
income
5 817
23 400
-
-
total
5 933
23 868
-
-
Dividends
23 153
93 133
-
-
withholding

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

6 599
27 592
-
-
total
6 599
27 592
-
-
Income
117 000
117 000
117 000
117 000
Total tax
65 739
51 460
72 977
64 369
After tax
51 261
65 540
44 023
52 631
Living cost
34 709
34 709
34 709
34 709
Free-cash
16 552
30 831
9 314
17 922

Estimated living cost  is ₽34709 per week

₽22357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3035
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.
₽8774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25843
₽44220
₽30419
₽36820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
accident
-
-
-
795
income
-
-
-
25 731
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
52 202
Employee
47 385
-
88 871
-
income
9 998
-
23 045
-
other
47
-
89
-
pensions
2 227
-
4 148
-
unemployment
735
-
1 368
-
total
13 007
-
28 650
-
Employer
47 385
-
88 871
-
other
378
-
706
-
unemployment
2 607
-
4 852
-
accident
938
-
1 747
-
pensions
11 182
-
20 823
-
total
15 105
-
28 128
-
Corporate
54 510
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.

8 176
17 550
-
-
total
8 176
17 550
-
-
Dividends
46 334
99 450
-
-
withholding
9 513
20 851
-
-
total
9 513
20 851
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 801
38 401
56 778
52 202
After tax
71 199
78 599
60 222
64 798
Living cost
34 379
34 379
34 379
34 379
Free-cash
36 820
44 220
25 843
30 419

Estimated living cost  is ₽34379 per week

₽25316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16454
₽18977
₽11788
₽9950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 220
accident
-
-
-
986
income
-
-
-
13 541
pensions
-
-
-
17 537
communal
-
-
-
7 394
surtax
-
-
-
5 801
total
-
-
-
53 479
Employee
72 090
-
104 510
-
surtax
4 419
-
6 404
-
income
6 963
-
16 908
-
pensions
5 766
-
8 360
-
health
3 208
-
4 652
-
total
20 356
-
36 324
-
Employer
72 090
-
104 510
-
health
2 199
-
3 188
-
accident
649
-
941
-
pensions
5 766
-
8 360
-
total
8 614
-
12 489
-
Corporate
36 297
117 000
-
-
surtax
381
1 228
-
-
income
5 445
17 550
-
-
communal
2 450
7 898
-
-
total
8 276
26 676
-
-
Dividends
28 021
90 323
-
-
income
13 867
6 065
-
-
withholding
4 204
13 549
-
-
total
18 071
19 614
-
-
Income
117 000
117 000
117 000
117 000
Total tax
55 317
46 290
48 813
53 479
After tax
61 683
70 710
68 187
63 521
Living cost
51 733
51 733
51 733
51 733
Free-cash
9 950
18 977
16 454
11 788

Estimated living cost  is ₽51733 per week

₽38807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33493
₽52211
₽35422
₽49183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
8 306
income
-
-
-
24 917
pensions
-
-
-
23 400
surtax
-
-
-
3 356
unemployment
-
-
-
217
total
-
-
-
60 196
Employee
32 058
-
96 653
-
surtax
114
-
3 051
-
income
5 374
-
23 089
-
other
-
-
-
-
pensions
2 139
-
6 447
-
health
818
-
2 464
-
unemployment
2 231
-
6 727
-
total
10 676
-
41 778
-
Employer
32 058
-
96 653
-
other
-
-
-
-
unemployment
1 017
-
3 064
-
health
1 458
-
4 399
-
pensions
4 274
-
12 884
-
total
6 749
-
20 347
-
Corporate
78 193
117 000
-
-
income
20 330
30 420
-
-
total
20 330
30 420
-
-
Dividends
57 863
86 580
-
-
withholding
8 680
12 987
-
-
total
8 680
12 987
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 435
43 407
62 125
60 196
After tax
70 565
73 593
54 875
56 804
Living cost
21 382
21 382
21 382
21 382
Free-cash
49 183
52 211
33 493
35 422

Estimated living cost  is ₽21382 per week

₽12909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26891
₽35855
₽32427
₽33741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
26 377
regional
-
-
-
1 764
municipal
-
-
-
696
total
-
-
-
58 930
Employee
52 806
-
117 000
-
social contributions
17 807
-
39 452
-
municipal
280
-
620
-
national
8 366
-
22 820
-
regional
711
-
1 574
-
total
27 164
-
64 466
-
Employer
52 806
-
117 000
-
total
-
-
-
-
Corporate
64 194
117 000
-
-
nationa
15 406
28 080
-
-
municipal
3 190
5 815
-
-
total
18 596
33 895
-
-
Dividends
45 598
83 105
-
-
withholding
11 856
21 607
-
-
total
11 856
21 607
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 616
55 502
64 466
58 930
After tax
59 384
61 498
52 534
58 070
Living cost
25 643
25 643
25 643
25 643
Free-cash
33 741
35 855
26 891
32 427

Estimated living cost  is ₽25643 per week

₽15948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30499
₽51680
₽28488
₽41377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 719
health
-
-
-
15 795
income
-
-
-
10 123
solidarity contribution
-
-
-
-
total
-
-
-
59 637
Employee
42 464
-
87 313
-
social contributions
2 760
-
5 675
-
solidarity contribution
-
-
-
-
income
5 096
-
10 478
-
health
5 733
-
11 787
-
total
13 589
-
27 940
-
Employer
42 464
-
87 313
-
health
3 822
-
7 858
-
social contributions
10 616
-
21 828
-
total
14 438
-
29 686
-
Corporate
60 098
117 000
-
-
income
11 419
22 230
-
-
total
11 419
22 230
-
-
Dividends
48 680
94 770
-
-
withholding
7 302
14 215
-
-
total
7 302
14 215
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 748
36 445
57 626
59 637
After tax
70 252
80 555
59 374
57 363
Living cost
28 876
28 876
28 876
28 876
Free-cash
41 377
51 680
30 499
28 488

Estimated living cost  is ₽28876 per week

₽21474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽2354
₽34952
₽28150
₽34481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 507
income
-
-
-
23 092
chamber of commerce
-
-
-
468
pensions
-
-
-
20 574
surtax
-
-
-
-
unemployment
-
-
-
5 839
total
-
-
-
58 480
Employee
41 612
37 936
90 853
-
income
3 707
2 798
19 866
-
other
415
379
909
-
pensions
4 262
3 884
9 303
-
health
1 610
1 469
3 515
-
unemployment
1 248
1 138
2 726
-
total
11 242
9 668
36 319
-
Employer
41 612
37 936
90 853
-
other
1 976
1 801
4 314
-
unemployment
1 248
1 138
2 726
-
health
1 573
1 434
3 434
-
surtax
-
-
-
-
accident
540
493
1 181
-
pensions
5 223
4 762
11 403
-
payroll
1 248
1 138
2 726
-
chamber of commerce
166
152
363
-
total
11 974
10 918
26 147
-
Corporate
63 412
68 145
87 240
-
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.

15 854
17 037
21 810
-
total
15 854
17 037
21 810
-
Dividends
47 559
51 108
-
-
withholding
13 079
14 055
-
-
total
13 079
14 055
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 149
51 678
84 276
58 480
After tax
64 851
65 322
32 724
58 520
Living cost
30 370
30 370
30 370
30 370
Free-cash
34 481
34 952
2 354
28 150

Estimated living cost  is ₽30370 per week

₽18218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81278
₽98828
₽103508
₽96517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 402
-
117 000
-
income
3 081
-
23 400
-
total
3 081
-
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%.

101 598
117 000
-
-
total
-
-
-
-
Dividends
101 598
117 000
-
-
withholding
5 080
5 850
-
-
total
5 080
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
8 161
5 850
23 400
1 170
After tax
108 839
111 150
93 600
115 830
Living cost
12 322
12 322
12 322
12 322
Free-cash
96 517
98 828
81 278
103 508

Estimated living cost  is ₽12322 per week

₽8338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽517
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.
₽3053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30692
₽55021
₽34045
₽47059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 513
income
-
-
-
24 367
pensions
-
-
-
21 367
unemployment
-
-
-
175
total
-
-
-
57 422
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.

42 095
-
101 237
-
income
7 259
-
22 640
-
pensions
6 525
-
15 691
-
health
2 719
-
6 540
-
unemployment
60
-
141
-
total
16 563
-
45 012
-
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.

42 095
-
101 237
-
unemployment
25
-
61
-
health
2 804
-
6 742
-
pensions
3 725
-
8 960
-
total
6 554
-
15 763
-
Corporate
68 351
117 000
-
-
income
12 987
22 231
-
-
total
12 987
22 231
-
-
Dividends
55 364
94 769
-
-
withholding
8 304
14 215
-
-
total
8 304
14 215
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 408
36 446
60 775
57 422
After tax
72 592
80 554
56 225
59 578
Living cost
25 533
25 533
25 533
25 533
Free-cash
47 059
55 021
30 692
34 045

Estimated living cost  is ₽25533 per week

₽17523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60721
₽28054
₽37727
-₽32037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 338
income
-
-
-
22 806
total
-
-
-
36 144
Employee
61 841
-
-
-
social contributions
5 071
-
723
-
income
13 641
-
-
-
total
18 712
-
723
-
Employer
61 841
-
-
-
social contributions
87 196
-
12 427
-
total
87 196
-
12 427
-
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
105 908
45 817
13 150
36 144
After tax
11 092
71 183
103 850
80 856
Living cost
43 129
43 129
43 129
43 129
Free-cash
-32 037
28 054
60 721
37 727

Estimated living cost  is ₽43129 per week

₽27984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4056
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27182
₽36691
₽34495
₽35731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
40 657
income
-
-
-
11 989
surtax
-
-
-
-
total
-
-
-
52 646
Employee
43 782
-
94 545
-
surtax
-
-
-
-
social contributions
4 816
-
10 400
-
income
9 107
-
27 104
-
total
13 923
-
37 504
-
Employer
43 782
-
94 545
-
social contributions
10 398
-
22 455
-
total
10 398
-
22 455
-
Corporate
62 820
117 000
-
-
surtax
-
-
-
-
income
13 193
24 570
-
-
total
13 193
24 570
-
-
Dividends
49 627
92 430
-
-
withholding
13 896
25 880
-
-
total
13 896
25 880
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 410
50 450
59 959
52 646
After tax
65 590
66 550
57 041
64 354
Living cost
29 859
29 859
29 859
29 859
Free-cash
35 731
36 691
27 182
34 495

Estimated living cost  is ₽29859 per week

₽22341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23961
₽12990
₽20778
₽19533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 627
social contributions
-
-
-
3 333
health
-
-
-
3 365
income
-
-
-
14 227
pensions
-
-
-
25 692
surtax
-
-
-
-
total
-
-
-
50 244
Employee
59 622
-
93 418
-
surtax
-
-
-
-
social contributions
1 698
-
2 661
-
income
5 202
-
15 543
-
pensions
6 744
-
5 275
-
total
13 644
-
23 479
-
Employer
59 622
-
93 418
-
other
2 058
-
3 223
-
unemployment
2 415
-
3 783
-
health
4 173
-
7 198
-
pensions
9 797
-
9 098
-
social contributions
179
-
280
-
total
18 622
-
23 582
-
Corporate
38 757
117 000
-
-
surtax
-
-
-
-
income
10 852
32 761
-
-
total
10 852
32 761
-
-
Dividends
27 905
84 239
-
-
social contributions
4 800
14 488
-
-
surtax
-
-
-
-
withholding
3 571
10 783
-
-
total
8 371
25 271
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 489
58 032
47 061
50 244
After tax
65 511
58 968
69 939
66 756
Living cost
45 978
45 978
45 978
45 978
Free-cash
19 533
12 990
23 961
20 778

Estimated living cost  is ₽45978 per week

₽31117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62409
₽76684
₽59298
₽73487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 346
social contributions
-
-
-
25 741
total
-
-
-
29 087
Employee
30 604
-
101 300
-
income
-
-
3 691
-
social contributions
1 989
-
6 585
-
total
1 989
-
10 276
-
Employer
30 604
-
101 300
-
social contributions
4 744
-
15 700
-
total
4 744
-
15 700
-
Corporate
81 652
117 000
-
-
income
8 165
11 701
-
-
total
8 165
11 701
-
-
Dividends
73 487
105 299
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
14 898
11 701
25 976
29 087
After tax
102 102
105 299
91 024
87 913
Living cost
28 615
28 615
28 615
28 615
Free-cash
73 487
76 684
62 409
59 298

Estimated living cost  is ₽28615 per week

₽18502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽90082
-₽90082
₽25490
-₽90082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 294
pensions
-
-
-
824
national
-
-
-
12 743
municipal
-
-
-
22 875
total
-
-
-
45 736
Employee
193 200
193 200
193 200
-
labour market
15 434
15 434
15 434
-
municipal
41 141
41 141
41 141
-
national
23 603
23 603
23 603
-
pensions
275
275
275
-
total
80 453
80 453
80 453
-
Employer
193 200
193 200
193 200
-
national
23 644
23 644
23 644
-
labour market
15 456
15 456
15 456
-
pensions
549
549
549
-
municipal
41 206
41 206
41 206
-
total
80 855
80 855
80 855
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
161 308
161 308
161 308
45 736
After tax
-44 308
-44 308
-44 308
71 264
Living cost
45 774
45 774
45 774
45 774
Free-cash
-90 082
-90 082
-90 082
25 490

Estimated living cost  is ₽45774 per week

₽31328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽704
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41040
-₽11232
₽59458
₽6302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
30 179
pensions
-
-
-
3 975
total
-
-
-
36 833
Employee
32 577
-
102 261
-
income
4 469
-
21 513
-
pensions
3 668
-
7 289
-
health
3 730
-
11 709
-
total
11 867
-
40 511
-
Employer
32 577
-
102 261
-
unemployment
798
-
2 506
-
accident
544
-
1 708
-
pensions
5 297
-
10 526
-
total
6 639
-
14 740
-
Corporate
77 784
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.

70 005
105 300
-
-
total
70 005
105 300
-
-
Dividends
7 778
11 700
-
-
withholding
1 478
2 223
-
-
total
1 478
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
89 989
107 523
55 251
36 833
After tax
27 011
9 477
61 749
80 167
Living cost
20 709
20 709
20 709
20 709
Free-cash
6 302
-11 232
41 040
59 458

Estimated living cost  is ₽20709 per week

₽15074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28050
₽39580
₽44093
₽39605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 404
national
-
-
-
14 148
municipal
-
-
-
20 807
total
-
-
-
36 359
Employee
50 084
-
98 427
-
municipal
8 203
-
16 054
-
national
827
-
8 537
-
pensions
3 380
-
6 644
-
health
374
-
1 118
-
unemployment
752
-
1 476
-
total
13 536
-
33 829
-
Employer
50 084
-
98 427
-
unemployment
325
-
639
-
health
385
-
759
-
accident
51
-
98
-
pensions
8 689
-
17 077
-
total
9 450
-
18 573
-
Corporate
57 466
117 000
-
-
income
11 493
23 400
-
-
total
11 493
23 400
-
-
Dividends

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

34 480
70 200
-
-
national
161
4 836
-
-
municipal
6 207
12 636
-
-
total
6 368
17 472
-
-
Income
117 000
117 000
117 000
117 000
Total tax
40 847
40 872
52 402
36 359
After tax
76 153
76 128
64 598
80 641
Living cost
36 548
36 548
36 548
36 548
Free-cash
39 605
39 580
28 050
44 093

Estimated living cost  is ₽36548 per week

₽23873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3515
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.
₽8579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58722
₽63477
₽59980
₽58297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 402
health
-
-
-
2 984
income
-
-
-
16 594
total
-
-
-
34 980
Employee
73 200
73 200
106 829
-
social contributions
2 768
6 075
8 194
-
income
7 970
6 776
16 058
-
health
567
1 245
1 816
-
total
11 305
14 096
26 068
-
Employer
73 200
73 200
106 829
-
health
616
1 355
1 976
-
social contributions
2 768
6 075
8 194
-
total
3 384
7 430
10 170
-
Corporate
80 271
36 370
-
-
income
10 033
4 547
-
-
total
10 033
4 547
-
-
Dividends
70 238
31 823
-
-
withholding
11 941
5 410
-
-
total
11 941
5 410
-
-
Income
117 000
117 000
117 000
117 000
Total tax
36 663
31 483
36 238
34 980
After tax
80 337
85 517
80 762
82 020
Living cost
22 040
22 040
22 040
22 040
Free-cash
58 297
63 477
58 722
59 980

Estimated living cost  is ₽22040 per week

₽13209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61778
₽81774
₽80873
₽76933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 445
income
-
-
-
11 486
pensions
-
-
-
6 055
unemployment
-
-
-
27
total
-
-
-
21 013
Employee

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

21 850
-
107 697
-
income
1 494
-
9 125
-
pensions
3 277
-
13 549
-
health
1 857
-
7 678
-
unemployment
108
-
452
-
total
6 736
-
30 804
-
Employer

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

21 850
-
107 697
-
unemployment
108
-
452
-
health
939
-
3 884
-
pensions
1 201
-
4 968
-
total
2 248
-
9 304
-
Corporate
92 901
117 000
-
-
income
8 360
10 530
-
-
total
8 360
10 530
-
-
Dividends
84 540
106 470
-
-
withholding
7 609
9 582
-
-
total
7 609
9 582
-
-
Income
117 000
117 000
117 000
117 000
Total tax
24 953
20 112
40 108
21 013
After tax
92 047
96 888
76 892
95 987
Living cost
15 114
15 114
15 114
15 114
Free-cash
76 933
81 774
61 778
80 873

Estimated living cost  is ₽15114 per week

₽9643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34045
₽52422
₽38621
₽47612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
accident
-
-
-
795
income
-
-
-
25 731
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
52 202
Employee
35 199
-
88 871
-
income
6 786
-
23 045
-
other
34
-
89
-
pensions
1 655
-
4 148
-
unemployment
546
-
1 368
-
total
9 021
-
28 650
-
Employer
35 199
-
88 871
-
other
282
-
706
-
unemployment
1 937
-
4 852
-
accident
697
-
1 747
-
pensions
8 306
-
20 823
-
total
11 222
-
28 128
-
Corporate
70 579
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.

10 586
17 550
-
-
total
10 586
17 550
-
-
Dividends
59 993
99 450
-
-
withholding
12 382
20 851
-
-
total
12 382
20 851
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 211
38 401
56 778
52 202
After tax
73 789
78 599
60 222
64 798
Living cost
26 177
26 177
26 177
26 177
Free-cash
47 612
52 422
34 045
38 621

Estimated living cost  is ₽26177 per week

₽17669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73131
₽71248
₽73256
₽70957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
931
income
-
-
-
39 769
pensions
-
-
-
1 284
total
-
-
-
41 984
Employee
2 681
-
115 556
-
income
519
-
39 702
-
pensions
241
-
578
-
health
134
-
321
-
unemployment
27
-
64
-
total
921
-
40 665
-
Employer
2 681
-
115 556
-
unemployment
54
-
128
-
health
255
-
610
-
pensions
295
-
706
-
total
604
-
1 444
-
Corporate
113 716
117 000
-
-
income
25 018
25 740
-
-
total
25 018
25 740
-
-
Dividends
88 699
91 260
-
-
withholding
17 740
18 252
-
-
total
17 740
18 252
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 283
43 992
42 109
41 984
After tax
72 717
73 008
74 891
75 016
Living cost
1 760
1 760
1 760
1 760
Free-cash
70 957
71 248
73 131
73 256

Estimated living cost  is ₽1760 per week

₽1046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽40
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48740
₽68099
₽48742
₽63423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 233
income
-
-
-
25 281
pensions
-
-
-
18 258
unemployment
-
-
-
1 053
total
-
-
-
51 825
Employee

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

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

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

24 780
-
104 430
-
income
3 416
-
25 281
-
pensions
3 469
-
9 831
-
health
1 276
-
3 617
-
unemployment
186
-
527
-
total
8 347
-
39 256
-
Employer

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

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

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

24 780
-
104 430
-
unemployment
186
-
527
-
health
1 276
-
3 617
-
pensions
2 974
-
8 427
-
total
4 436
-
12 571
-
Corporate
87 785
117 000
-
-
income
13 168
17 550
-
-
total
13 168
17 550
-
-
Dividends
74 617
99 450
-
-
withholding
11 193
14 918
-
-
total
11 193
14 918
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 144
32 468
51 827
51 825
After tax
79 856
84 532
65 173
65 175
Living cost
16 433
16 433
16 433
16 433
Free-cash
63 423
68 099
48 740
48 742

Estimated living cost  is ₽16433 per week

₽11064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31377
₽40886
₽38690
₽40542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
40 657
income
-
-
-
11 989
surtax
-
-
-
-
total
-
-
-
52 646
Employee
36 947
-
94 545
-
surtax
-
-
-
-
social contributions
4 065
-
10 400
-
income
7 219
-
27 104
-
total
11 284
-
37 504
-
Employer
36 947
-
94 545
-
social contributions
8 774
-
22 455
-
total
8 774
-
22 455
-
Corporate
71 279
117 000
-
-
surtax
-
-
-
-
income
14 969
24 570
-
-
total
14 969
24 570
-
-
Dividends
56 310
92 430
-
-
withholding
15 767
25 880
-
-
total
15 767
25 880
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 794
50 450
59 959
52 646
After tax
66 206
66 550
57 041
64 354
Living cost
25 664
25 664
25 664
25 664
Free-cash
40 542
40 886
31 377
38 690

Estimated living cost  is ₽25664 per week

₽18177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26766
₽45143
₽31342
₽38067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
accident
-
-
-
795
income
-
-
-
25 731
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
52 202
Employee
45 975
-
88 871
-
income
9 602
-
23 045
-
other
45
-
89
-
pensions
2 161
-
4 148
-
unemployment
712
-
1 368
-
total
12 520
-
28 650
-
Employer
45 975
-
88 871
-
other
369
-
706
-
unemployment
2 529
-
4 852
-
accident
910
-
1 747
-
pensions
10 850
-
20 823
-
total
14 658
-
28 128
-
Corporate
56 368
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.

8 454
17 550
-
-
total
8 454
17 550
-
-
Dividends
47 913
99 450
-
-
withholding
9 845
20 851
-
-
total
9 845
20 851
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 477
38 401
56 778
52 202
After tax
71 523
78 599
60 222
64 798
Living cost
33 456
33 456
33 456
33 456
Free-cash
38 067
45 143
26 766
31 342

Estimated living cost  is ₽33456 per week

₽24026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78506
₽83822
₽74447
₽78077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 786
income
-
-
-
17 550
pensions

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

-
-
-
4 872
unemployment
-
-
-
132
total
-
-
-
26 340
Employee
21 469
-
110 541
-
income
2 147
-
11 054
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

1 885
-
2 891
-
health
988
-
1 514
-
total
5 256
-
15 821
-
Employer
21 469
-
110 541
-
unemployment
129
-
198
-
health
1 481
-
2 272
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

2 366
-
3 628
-
total
4 212
-
6 460
-
Corporate
91 319
117 000
-
-
income
9 132
11 700
-
-
total
9 132
11 700
-
-
Dividends
82 187
105 300
-
-
withholding
4 110
5 265
-
-
total
4 110
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
22 710
16 965
22 281
26 340
After tax
94 290
100 035
94 719
90 660
Living cost
16 213
16 213
16 213
16 213
Free-cash
78 077
83 822
78 506
74 447

Estimated living cost  is ₽16213 per week

₽10723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41519
₽23546
₽31081
₽36001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 503
income

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

-
-
-
30 546
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.

-
-
-
1 680
trade
-
-
-
10 438
total
-
-
-
49 167
Employee

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

47 365
-
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.

215
-
1 680
-
income

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

3 895
-
30 546
-
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.

6 503
-
6 503
-
total
10 613
-
38 729
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 635
117 000
-
-
chamber of commerce
247
316
-
-
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.

574
965
-
-
trade
9 992
16 790
-
-
income
10 445
17 550
-
-
total
21 258
35 621
-
-
Dividends
48 376
81 380
-
-
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.

645
1 098
-
-
withholding
11 731
19 983
-
-
total
12 376
21 081
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 247
56 702
38 729
49 167
After tax
72 753
60 298
78 271
67 833
Living cost
36 752
36 752
36 752
36 752
Free-cash
36 001
23 546
41 519
31 081

Estimated living cost  is ₽36752 per week

₽25352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3954
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.
₽6912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20842
₽27673
₽20842
₽29774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 066
social contributions
-
-
-
10 865
total
-
-
-
41 931
Employee
74 463
-
117 000
-
income
14 051
-
31 066
-
social contributions
6 186
-
10 865
-
total
20 237
-
41 931
-
Employer
74 463
-
117 000
-
total
-
-
-
-
Corporate
42 537
117 000
-
-
income
5 317
14 625
-
-
total
5 317
14 625
-
-
Dividends
37 220
102 375
-
-
withholding
7 445
20 475
-
-
total
7 445
20 475
-
-
Income
117 000
117 000
117 000
117 000
Total tax
32 999
35 100
41 931
41 931
After tax
84 001
81 900
75 069
75 069
Living cost
54 227
54 227
54 227
54 227
Free-cash
29 774
27 673
20 842
20 842

Estimated living cost  is ₽54227 per week

₽41255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51710
₽36465
₽49467
₽39792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 097
health

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

-
-
-
5 880
total
-
-
-
32 977
Employee
43 670
-
112 621
-
income
4 738
-
21 976
-
social contributions
4 375
-
4 379
-
total
9 113
-
26 355
-
Employer
43 670
-
112 621
-
social contributions
4 375
-
4 379
-
total
4 375
-
4 379
-
Corporate
68 955
117 000
-
-
income
24 135
40 950
-
-
total
24 135
40 950
-
-
Dividends
44 820
76 050
-
-
social contributions
5 029
5 029
-
-
total
5 029
5 029
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 652
45 979
30 734
32 977
After tax
74 348
71 021
86 266
84 023
Living cost
34 556
34 556
34 556
34 556
Free-cash
39 792
36 465
51 710
49 467

Estimated living cost  is ₽34556 per week

₽22762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35490
₽46932
₽46349
₽47495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 302
pensions
-
-
-
7 479
total
-
-
-
35 781
Employee
47 865
-
102 654
-
income
8 717
-
21 064
-
health
624
-
1 677
-
pensions
3 653
-
9 552
-
total
12 994
-
32 293
-
Employer
47 865
-
102 654
-
health
910
-
1 950
-
pensions
4 836
-
12 397
-
total
5 746
-
14 347
-
Corporate
63 390
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.

12 043
22 230
-
-
total
12 043
22 230
-
-
Dividends
51 347
94 770
-
-
withholding
3 852
12 968
-
-
total
3 852
12 968
-
-
Income
117 000
117 000
117 000
117 000
Total tax
34 635
35 198
46 640
35 781
After tax
82 365
81 802
70 360
81 219
Living cost
34 870
34 870
34 870
34 870
Free-cash
47 495
46 932
35 490
46 349

Estimated living cost  is ₽34870 per week

₽23921
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3207
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽38989
-₽13283
₽57407
₽5986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
30 179
pensions
-
-
-
3 975
total
-
-
-
36 833
Employee
35 802
-
102 261
-
income
4 912
-
21 513
-
pensions
4 031
-
7 289
-
health
4 099
-
11 709
-
total
13 042
-
40 511
-
Employer
35 802
-
102 261
-
unemployment
877
-
2 506
-
accident
598
-
1 708
-
pensions
5 821
-
10 526
-
total
7 296
-
14 740
-
Corporate
73 902
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.

66 512
105 300
-
-
total
66 512
105 300
-
-
Dividends
7 390
11 700
-
-
withholding
1 404
2 223
-
-
total
1 404
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
88 254
107 523
55 251
36 833
After tax
28 746
9 477
61 749
80 167
Living cost
22 760
22 760
22 760
22 760
Free-cash
5 986
-13 283
38 989
57 407

Estimated living cost  is ₽22760 per week

₽16703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1326
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
Skopje , Macedonia
₽64738
₽85619
₽53460
₽81172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
117 000
income
-
-
-
18 528
health insurance
-
-
-
8 658
work injury
-
-
-
585
pensions
-
-
-
21 528
unemployment
-
-
-
1 404
total
-
-
-
50 703
Employee

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

20 539
-
117 000
-
income
2 054
-
18 528
-
work injury
103
-
380
-
health insurance
1 520
-
5 623
-
pensions
3 779
-
13 982
-
unemployment
246
-
912
-
total
7 702
-
39 425
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96 461
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%.

965
1 170
-
-
total
965
1 170
-
-
Dividends
95 496
115 830
-
-
withholding
14 324
17 374
-
-
total
14 324
17 374
-
-
Income
117 000
117 000
117 000
117 000
Total tax
22 991
18 544
39 425
50 703
After tax
94 009
98 456
77 575
66 297
Living cost
12 837
12 837
12 837
12 837
Free-cash
81 172
85 619
64 738
53 460

Estimated living cost  is ₽12837 per week

₽7953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13938
₽23704
₽19288
₽19375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
26 377
regional
-
-
-
2 537
municipal
-
-
-
782
total
-
-
-
59 789
Employee
80 217
-
117 000
-
social contributions
27 049
-
39 452
-
municipal
479
-
697
-
national
13 556
-
22 820
-
regional
1 211
-
2 170
-
total
42 295
-
65 139
-
Employer
80 217
-
117 000
-
total
-
-
-
-
Corporate
36 783
117 000
-
-
nationa
8 828
28 080
-
-
municipal
1 772
5 640
-
-
total
10 600
33 720
-
-
Dividends
26 183
83 280
-
-
withholding
6 807
21 653
-
-
total
6 807
21 653
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 702
55 373
65 139
59 789
After tax
57 298
61 627
51 861
57 211
Living cost
37 923
37 923
37 923
37 923
Free-cash
19 375
23 704
13 938
19 288

Estimated living cost  is ₽37923 per week

₽26639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2609
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.
₽8102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close