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
₽40914
₽49544
₽30456
₽38040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 459
trade
-
-
-
11 504
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.

-
-
-
30 673
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.

-
-
-
1 687
total
-
-
-
50 323
Employee

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

36 162
-
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.

6 459
-
6 459
-
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.

1 010
-
30 673
-
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
-
1 687
-
total
7 525
-
38 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 838
117 000
-
-
income
12 125
17 550
-
-
chamber of commerce
260
312
-
-
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.

667
965
-
-
trade
12 731
18 428
-
-
total
25 783
37 255
-
-
Dividends
55 055
79 744
-
-
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.

737
1 076
-
-
withholding
13 404
19 576
-
-
total
14 141
20 652
-
-
Income
117 000
117 000
117 000
117 000
Total tax
47 449
57 907
38 819
50 323
After tax
69 551
59 093
78 181
66 677
Living cost
28 637
28 637
28 637
28 637
Free-cash
40 914
30 456
49 544
38 040

Estimated living cost  is ₽28637 per week

₽18013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22672
₽21423
₽23495
₽20505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
social contributions
-
-
-
1 258
municipal
-
-
-
12 427
pensions
-
-
-
14 040
national
-
-
-
19 257
total
-
-
-
46 982
Employee
76 754
-
101 145
-
pensions
3 070
-
4 046
-
municipal
9 480
-
12 880
-
national
14 691
-
19 959
-
total
27 241
-
36 885
-
Employer
76 754
-
101 145
-
pensions
6 140
-
8 092
-
social contributions
825
-
1 087
-
total
6 965
-
9 179
-
Corporate
28 215
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%.

5 643
23 400
-
-
total
5 643
23 400
-
-
Dividends
22 572
93 600
-
-
withholding
4 966
20 592
-
-
total
4 966
20 592
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 815
43 992
46 064
46 982
After tax
72 185
73 008
70 936
70 018
Living cost
49 513
49 513
49 513
49 513
Free-cash
22 672
23 495
21 423
20 505

Estimated living cost  is ₽49513 per week

₽33653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽741
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66175
₽46022
₽73932
₽13770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
36 224
income
-
-
-
17 502
surtax
-
-
-
29 835
microenterprise
-
-
-
-
total
-
-
-
83 561
Employee
27 626
-
94 286
-
social contributions

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

3 039
-
10 372
-
income
4 918
-
18 223
-
surtax
-
-
-
-
total
7 957
-
28 595
-
Employer
27 626
-
94 286
-
surtax
-
-
-
-
social contributions

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

6 655
-
22 714
-
total
6 655
-
22 714
-
Corporate
82 719
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%.

16 544
23 399
-
-
total
16 544
23 399
-
-
Dividends

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

66 175
93 601
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
31 156
23 399
51 309
83 561
After tax
85 844
93 601
65 691
33 439
Living cost
19 669
19 669
19 669
19 669
Free-cash
66 175
73 932
46 022
13 770

Estimated living cost  is ₽19669 per week

₽12548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11789
₽24054
₽17583
₽27629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 658
income
-
-
-
27 030
pensions
-
-
-
11 077
total
-
-
-
49 765
Employee
80 737
80 737
99 566
-
pensions
14 533
11 077
11 077
-
health
12 392
10 541
11 614
-
income

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

13 215
13 215
13 215
-
total
40 140
34 833
35 906
-
Employer
80 737
80 737
99 566
-
pensions
5 619
5 619
6 929
-
health
5 612
5 612
6 920
-
unemployment
2 907
2 907
3 585
-
total
14 138
14 138
17 434
-
Corporate
23 115
22 125
-
-
income
4 624
4 424
-
-
total
4 624
4 424
-
-
Dividends
18 492
17 700
-
-
income
3 929
3 761
-
-
withholding
2 774
2 655
-
-
total
6 703
6 416
-
-
Income
117 000
117 000
117 000
117 000
Total tax
65 605
59 811
53 340
49 765
After tax
51 395
57 189
63 660
67 235
Living cost
39 606
39 606
39 606
39 606
Free-cash
11 789
17 583
24 054
27 629

Estimated living cost  is ₽39606 per week

₽28068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3570
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.
₽7338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24062
₽22426
₽24936
₽23475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
171
health
-
-
-
5 326
municipal
-
-
-
27 516
pensions
-
-
-
9 227
other
-
-
-
9 918
unemployment
-
-
-
85
national
-
-
-
2 336
total
-
-
-
54 579
Employee
55 494
-
90 181
-
municipal
16 548
-
26 892
-
national
-
-
1 918
-
total
16 548
-
28 810
-
Employer
55 494
-
90 181
-
pensions
5 999
-
9 227
-
other
6 449
-
9 918
-
health
3 413
-
5 249
-
unemployment
1 465
-
2 253
-
accident
111
-
171
-
total
17 437
-
26 818
-
Corporate
44 069
117 000
-
-
income
9 695
25 740
-
-
total
9 695
25 740
-
-
Dividends
34 374
91 260
-
-
withholding
10 312
27 378
-
-
total
10 312
27 378
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 992
53 118
55 628
54 579
After tax
63 008
63 882
61 372
62 421
Living cost
38 946
38 946
38 946
38 946
Free-cash
24 062
24 936
22 426
23 475

Estimated living cost  is ₽38946 per week

₽25812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3822
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34631
₽41040
₽21349
₽29024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 459
trade
-
-
-
12 016
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.

-
-
-
30 673
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.

-
-
-
1 687
total
-
-
-
50 835
Employee

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

47 946
-
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.

6 459
-
6 459
-
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.

4 119
-
30 673
-
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.

226
-
1 687
-
total
10 804
-
38 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 054
117 000
-
-
income
10 358
17 550
-
-
chamber of commerce
242
310
-
-
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.

571
965
-
-
trade
11 359
19 246
-
-
total
22 530
38 071
-
-
Dividends
46 525
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.

621
1 066
-
-
withholding
11 273
19 373
-
-
total
11 894
20 439
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 228
58 510
38 819
50 835
After tax
71 772
58 490
78 181
66 165
Living cost
37 141
37 141
37 141
37 141
Free-cash
34 631
21 349
41 040
29 024

Estimated living cost  is ₽37141 per week

₽24840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50926
₽50086
₽54847
₽51337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
health
-
-
-
2 984
income
-
-
-
16 716
total
-
-
-
34 997
Employee
72 700
72 700
106 885
-
health
723
1 236
1 817
-
social contributions
3 533
6 034
8 138
-
income
7 634
6 730
16 178
-
total
11 890
14 000
26 133
-
Employer
72 700
72 700
106 885
-
health
788
1 346
1 977
-
social contributions
3 533
6 034
8 138
-
total
4 321
7 380
10 115
-
Corporate
70 124
36 920
-
-
income
8 766
4 615
-
-
total
8 766
4 615
-
-
Dividends
61 358
32 306
-
-
withholding
10 431
5 492
-
-
total
10 431
5 492
-
-
Income
117 000
117 000
117 000
117 000
Total tax
35 408
31 487
36 248
34 997
After tax
81 592
85 513
80 752
82 003
Living cost
30 666
30 666
30 666
30 666
Free-cash
50 926
54 847
50 086
51 337

Estimated living cost  is ₽30666 per week

₽20963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48771
₽50401
₽48409
₽63628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

25 151
10 010
97 908
-
unemployment
377
150
1 469
-
pensions
2 515
1 001
9 791
-
health
1 761
701
6 854
-
income
3 075
1 224
11 969
-
total
7 728
3 076
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.

25 151
10 010
97 908
-
pensions
4 905
1 952
19 092
-
total
4 905
1 952
19 092
-
Corporate
86 944
105 038
-
-
income
7 825
9 453
-
-
total
7 825
9 453
-
-
Dividends
79 119
95 585
-
-
social contributions
15 314
18 525
-
-
withholding
15 033
18 161
-
-
total
30 347
36 686
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 805
51 167
49 175
35 948
After tax
66 195
65 833
67 825
81 052
Living cost
17 424
17 424
17 424
17 424
Free-cash
48 771
48 409
50 401
63 628

Estimated living cost  is ₽17424 per week

₽11890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64890
₽44602
₽70765
₽39879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 209
income
-
-
-
15 677
pensions
-
-
-
23 399
total
-
-
-
54 285
Employee
26 821
-
87 443
-
unemployment
429
-
1 399
-
pensions
536
-
1 749
-
income
3 020
-
16 858
-
total
3 985
-
20 006
-
Employer
26 821
-
87 443
-
pensions
5 365
-
17 488
-
health
3 486
-
11 368
-
unemployment
215
-
700
-
total
9 066
-
29 556
-
Corporate
81 113
117 000
-
-
income
16 223
23 399
-
-
total
16 223
23 399
-
-
Dividends
64 890
93 601
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
29 274
23 399
49 562
54 285
After tax
87 726
93 601
67 438
62 715
Living cost
22 836
22 836
22 836
22 836
Free-cash
64 890
70 765
44 602
39 879

Estimated living cost  is ₽22836 per week

₽15663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1360
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.
₽5354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6248
₽40697
-₽11568
₽59122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
242
health
-
-
-
2 086
income
-
-
-
30 170
pensions
-
-
-
3 980
other
-
-
-
355
total
-
-
-
36 833
Employee
33 104
-
102 248
-
pensions
3 728
-
7 298
-
health
3 790
-
11 708
-
income
4 542
-
21 500
-
total
12 060
-
40 506
-
Employer
33 104
-
102 248
-
pensions
5 383
-
10 539
-
unemployment
811
-
2 505
-
accident
553
-
1 708
-
total
6 747
-
14 752
-
Corporate
77 149
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.

69 434
105 300
-
-
total
69 434
105 300
-
-
Dividends
7 715
11 700
-
-
withholding
1 466
2 223
-
-
total
1 466
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
89 707
107 523
55 258
36 833
After tax
27 293
9 477
61 742
80 167
Living cost
21 044
21 044
21 044
21 044
Free-cash
6 248
-11 568
40 697
59 122

Estimated living cost  is ₽21044 per week

₽15424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1166
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.
₽4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101904
₽85813
₽103363
₽108043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 734
-
117 000
-
income
1 946
-
23 400
-
total
1 946
-
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%.

107 266
117 000
-
-
total
-
-
-
-
Dividends
107 266
117 000
-
-
withholding
5 363
5 850
-
-
total
5 363
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
7 309
5 850
23 400
1 170
After tax
109 691
111 150
93 600
115 830
Living cost
7 787
7 787
7 787
7 787
Free-cash
101 904
103 363
85 813
108 043

Estimated living cost  is ₽7787 per week

₽4826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54383
₽42306
₽60769
₽37469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 147
income
-
-
-
15 554
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
other
-
-
-
5 558
total
-
-
-
54 339
Employee
34 328
-
93 450
-
unemployment
343
-
935
-
pensions

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

2 402
-
6 542
-
health
481
-
1 308
-
income
5 910
-
17 167
-
total
9 136
-
25 952
-
Employer
34 328
-
93 450
-
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.

5 836
-
15 887
-
other
1 717
-
4 672
-
health
481
-
1 308
-
unemployment
343
-
935
-
accident
275
-
748
-
total
8 652
-
23 550
-
Corporate
74 020
117 000
-
-
income
15 545
24 569
-
-
total
15 545
24 569
-
-
Dividends
58 476
92 431
-
-
withholding
4 092
6 470
-
-
total
4 092
6 470
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 425
31 039
49 502
54 339
After tax
79 575
85 961
67 498
62 661
Living cost
25 192
25 192
25 192
25 192
Free-cash
54 383
60 769
42 306
37 469

Estimated living cost  is ₽25192 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13111
₽8342
₽19689
₽19186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 564
pensions
-
-
-
7 402
total
-
-
-
35 966
Employee
87 506
-
102 631
-
pensions
8 442
-
9 440
-
health
1 442
-
1 666
-
income
15 774
-
21 336
-
total
25 658
-
32 442
-
Employer
87 506
-
102 631
-
pensions
10 332
-
12 419
-
health
1 662
-
1 949
-
total
11 994
-
14 368
-
Corporate
17 500
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.

3 326
22 230
-
-
total
3 326
22 230
-
-
Dividends
14 175
94 770
-
-
withholding
1 063
13 233
-
-
total
1 063
13 233
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 041
35 463
46 810
35 966
After tax
74 959
81 537
70 190
81 034
Living cost
61 848
61 848
61 848
61 848
Free-cash
13 111
19 689
8 342
19 186

Estimated living cost  is ₽61848 per week

₽46344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽83221
₽82254
₽87619
₽78202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 804
income
-
-
-
17 550
pensions

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

-
-
-
4 896
unemployment
-
-
-
132
total
-
-
-
26 382
Employee
16 441
-
110 510
-
accident

We are using the highest rate at 1.1%.

181
-
364
-
pensions

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

1 443
-
2 904
-
health
756
-
1 522
-
income
1 644
-
11 051
-
total
4 024
-
15 841
-
Employer
16 441
-
110 510
-
pensions

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

1 812
-
3 645
-
health
1 135
-
2 282
-
unemployment
98
-
198
-
accident

We are using the highest rate at 1.1%.

181
-
364
-
total
3 226
-
6 489
-
Corporate
97 333
117 000
-
-
income
9 733
11 700
-
-
total
9 733
11 700
-
-
Dividends
87 600
105 300
-
-
withholding
4 380
5 265
-
-
total
4 380
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
21 363
16 965
22 330
26 382
After tax
95 637
100 035
94 670
90 618
Living cost
12 416
12 416
12 416
12 416
Free-cash
83 221
87 619
82 254
78 202

Estimated living cost  is ₽12416 per week

₽7249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7143
₽11234
₽4763
₽14809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 658
income
-
-
-
27 030
pensions
-
-
-
11 077
total
-
-
-
49 765
Employee
87 655
80 737
99 566
-
pensions
11 077
11 077
11 077
-
health
10 935
10 541
11 614
-
income

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

13 215
13 215
13 215
-
total
35 227
34 833
35 906
-
Employer
87 655
80 737
99 566
-
pensions
6 100
5 619
6 929
-
health
6 091
5 612
6 920
-
unemployment
3 156
2 907
3 585
-
total
15 347
14 138
17 434
-
Corporate
13 998
22 125
-
-
income
2 799
4 424
-
-
total
2 799
4 424
-
-
Dividends
11 199
17 700
-
-
income
2 379
3 761
-
-
withholding
1 679
2 655
-
-
total
4 058
6 416
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 431
59 811
53 340
49 765
After tax
59 569
57 189
63 660
67 235
Living cost
52 426
52 426
52 426
52 426
Free-cash
7 143
4 763
11 234
14 809

Estimated living cost  is ₽52426 per week

₽38673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48706
₽35901
₽57081
₽33842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 776
health
-
-
-
15 795
income
-
-
-
10 114
solidarity contribution
-
-
-
-
total
-
-
-
59 685
Employee
34 519
-
87 313
-
solidarity contribution
-
-
-
-
health
4 660
-
11 787
-
social contributions
2 244
-
5 675
-
income
4 142
-
10 478
-
total
11 046
-
27 940
-
Employer
34 519
-
87 313
-
health
3 107
-
7 858
-
social contributions
8 630
-
21 828
-
total
11 737
-
29 686
-
Corporate
70 745
117 000
-
-
income
13 442
22 230
-
-
total
13 442
22 230
-
-
Dividends
57 304
94 770
-
-
withholding
8 596
14 216
-
-
total
8 596
14 216
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 821
36 446
57 626
59 685
After tax
72 179
80 554
59 374
57 315
Living cost
23 473
23 473
23 473
23 473
Free-cash
48 706
57 081
35 901
33 842

Estimated living cost  is ₽23473 per week

₽16304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17594
₽12996
₽22529
₽18564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 092
municipal
-
-
-
696
regional
-
-
-
1 331
national
-
-
-
26 423
total
-
-
-
58 542
Employee
84 025
-
117 000
-
regional
793
-
1 170
-
municipal
445
-
621
-
national
14 560
-
22 867
-
social contributions
28 333
-
39 452
-
total
44 131
-
64 110
-
Employer
84 025
-
117 000
-
total
-
-
-
-
Corporate
32 975
117 000
-
-
municipal
1 286
4 563
-
-
nationa
7 914
28 080
-
-
total
9 200
32 643
-
-
Dividends
23 774
84 357
-
-
withholding
6 181
21 934
-
-
total
6 181
21 934
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 512
54 577
64 110
58 542
After tax
57 488
62 423
52 890
58 458
Living cost
39 894
39 894
39 894
39 894
Free-cash
17 594
22 529
12 996
18 564

Estimated living cost  is ₽39894 per week

₽27810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽612
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₽49787
₽33903
₽52731
₽35830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 307
income
-
-
-
25 009
surtax
-
-
-
3 377
pensions
-
-
-
23 399
other
-
-
-
-
unemployment
-
-
-
215
total
-
-
-
60 307
Employee
31 265
-
96 654
-
unemployment
2 176
-
6 726
-
pensions
2 085
-
6 446
-
health
798
-
2 463
-
income
5 241
-
23 181
-
other
-
-
-
-
surtax
102
-
3 073
-
total
10 402
-
41 889
-
Employer
31 265
-
96 654
-
pensions
4 168
-
12 884
-
other
-
-
-
-
health
1 423
-
4 397
-
unemployment
990
-
3 064
-
total
6 581
-
20 345
-
Corporate
79 154
117 000
-
-
income
20 581
30 420
-
-
total
20 581
30 420
-
-
Dividends
58 573
86 580
-
-
withholding
8 786
12 986
-
-
total
8 786
12 986
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 350
43 406
62 234
60 307
After tax
70 650
73 594
54 766
56 693
Living cost
20 863
20 863
20 863
20 863
Free-cash
49 787
52 731
33 903
35 830

Estimated living cost  is ₽20863 per week

₽12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38132
₽27937
₽39284
₽38781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 564
pensions
-
-
-
7 402
total
-
-
-
35 966
Employee
58 644
-
102 631
-
pensions
4 978
-
9 440
-
health
851
-
1 666
-
income
10 562
-
21 336
-
total
16 391
-
32 442
-
Employer
58 644
-
102 631
-
pensions
6 348
-
12 419
-
health
1 114
-
1 949
-
total
7 462
-
14 368
-
Corporate
50 894
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.

9 670
22 230
-
-
total
9 670
22 230
-
-
Dividends
41 224
94 770
-
-
withholding
3 092
13 233
-
-
total
3 092
13 233
-
-
Income
117 000
117 000
117 000
117 000
Total tax
36 615
35 463
46 810
35 966
After tax
80 385
81 537
70 190
81 034
Living cost
42 253
42 253
42 253
42 253
Free-cash
38 132
39 284
27 937
38 781

Estimated living cost  is ₽42253 per week

₽31656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽10445
₽15770
-₽21754
₽21576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
263
pensions
-
-
-
10 764
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
regional
-
-
-
4 523
city
-
-
-
1 233
national
-
-
-
1 045
total
-
-
-
20 169
Employee
88 068
-
104 721
-
unemployment
-
-
-
-
pensions
7 399
-
8 796
-
regional
2 884
-
3 887
-
national
417
-
804
-
health
199
-
236
-
city
945
-
1 125
-
total
11 844
-
14 848
-
Employer
88 068
-
104 721
-
pensions
7 399
-
8 796
-
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.

1 761
-
2 095
-
health
199
-
236
-
unemployment
-
-
-
-
total
9 359
-
11 127
-
Corporate
18 605
117 000
-
-
regional
3 935
24 746
-
-
national
1 581
9 944
-
-
total
5 516
34 690
-
-
Dividends
13 089
82 310
-
-
withholding
4 581
28 809
-
-
total
4 581
28 809
-
-
Income
117 000
117 000
117 000
117 000
Total tax
31 300
63 499
25 975
20 169
After tax
85 700
53 501
91 025
96 831
Living cost
75 255
75 255
75 255
75 255
Free-cash
10 445
-21 754
15 770
21 576

Estimated living cost  is ₽75255 per week

₽48937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽924
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽29910
₽34870
₽14575
₽22343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 459
trade
-
-
-
12 527
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.

-
-
-
30 673
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.

-
-
-
1 687
total
-
-
-
51 346
Employee

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

56 820
-
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.

6 459
-
6 459
-
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.

6 681
-
30 673
-
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.

368
-
1 687
-
total
13 508
-
38 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 180
117 000
-
-
income
9 026
17 550
-
-
chamber of commerce
228
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.

497
965
-
-
trade
10 322
20 066
-
-
total
20 073
38 890
-
-
Dividends
40 107
78 110
-
-
surtax

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

531
1 055
-
-
withholding
9 667
19 169
-
-
total
10 198
20 224
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 779
59 114
38 819
51 346
After tax
73 221
57 886
78 181
65 654
Living cost
43 311
43 311
43 311
43 311
Free-cash
29 910
14 575
34 870
22 343

Estimated living cost  is ₽43311 per week

₽31633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32209
₽37471
₽26620
₽34387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 334
health
-
-
-
3 400
income
-
-
-
14 319
surtax
-
-
-
-
pensions
-
-
-
25 585
other
-
-
-
3 628
total
-
-
-
50 266
Employee
40 464
-
93 360
-
pensions
4 575
-
5 296
-
social contributions
1 154
-
2 661
-
income
2 388
-
15 589
-
surtax
-
-
-
-
total
8 117
-
23 546
-
Employer
40 464
-
93 360
-
pensions
6 647
-
9 131
-
other
1 396
-
3 221
-
health
2 833
-
7 224
-
unemployment
1 638
-
3 780
-
social contributions
122
-
280
-
total
12 636
-
23 636
-
Corporate
63 900
117 000
-
-
income
17 891
32 760
-
-
surtax
-
-
-
-
total
17 891
32 760
-
-
Dividends
46 009
84 240
-
-
surtax
-
-
-
-
social contributions
7 912
14 490
-
-
withholding
5 888
10 783
-
-
total
13 800
25 273
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 444
58 033
47 182
50 266
After tax
64 556
58 967
69 818
66 734
Living cost
32 347
32 347
32 347
32 347
Free-cash
32 209
26 620
37 471
34 387

Estimated living cost  is ₽32347 per week

₽20396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2630
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.
₽8772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35078
₽40676
₽29825
₽37592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 334
health
-
-
-
3 400
income
-
-
-
14 319
surtax
-
-
-
-
pensions
-
-
-
25 585
other
-
-
-
3 628
total
-
-
-
50 266
Employee
36 120
-
93 360
-
pensions
4 085
-
5 296
-
social contributions
1 030
-
2 661
-
income
1 862
-
15 589
-
surtax
-
-
-
-
total
6 977
-
23 546
-
Employer
36 120
-
93 360
-
pensions
5 935
-
9 131
-
other
1 247
-
3 221
-
health
2 528
-
7 224
-
unemployment
1 462
-
3 780
-
social contributions
108
-
280
-
total
11 280
-
23 636
-
Corporate
69 601
117 000
-
-
income
19 488
32 760
-
-
surtax
-
-
-
-
total
19 488
32 760
-
-
Dividends
50 112
84 240
-
-
surtax
-
-
-
-
social contributions
8 621
14 490
-
-
withholding
6 414
10 783
-
-
total
15 035
25 273
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 780
58 033
47 182
50 266
After tax
64 220
58 967
69 818
66 734
Living cost
29 142
29 142
29 142
29 142
Free-cash
35 078
29 825
40 676
37 592

Estimated living cost  is ₽29142 per week

₽16901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51824
₽54132
₽51332
₽55089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
32 056
-
117 000
-
health
2 237
-
8 167
-
social contributions
4 424
-
16 146
-
income
5 347
-
18 507
-
total
12 008
-
42 820
-
Employer
32 056
-
117 000
-
total
-
-
-
-
Corporate
84 944
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%.

4 247
5 851
-
-
total
4 247
5 851
-
-
Dividends
80 697
111 149
-
-
health
5 632
7 758
-
-
social contributions
11 136
15 338
-
-
withholding
12 105
16 673
-
-
total
28 873
39 769
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 128
45 620
42 820
41 863
After tax
71 872
71 380
74 180
75 137
Living cost
20 048
20 048
20 048
20 048
Free-cash
51 824
51 332
54 132
55 089

Estimated living cost  is ₽20048 per week

₽13417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1236
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.
₽4932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30432
-₽711
₽31894
₽25079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 449
surtax
-
-
-
187
income
-
-
-
23 270
chamber of commerce
-
-
-
468
pensions
-
-
-
20 434
unemployment
-
-
-
5 799
total
-
-
-
58 607
Employee
47 249
37 677
90 707
-
unemployment
1 417
1 130
2 722
-
pensions
4 839
3 857
9 288
-
health
1 828
1 459
3 511
-
income
5 379
2 779
19 894
-
other
472
377
908
-
total
13 935
9 602
36 323
-
Employer
47 249
37 677
90 707
-
chamber of commerce
188
151
362
-
pensions
5 930
4 729
11 384
-
other
2 244
1 789
4 310
-
health
1 785
1 425
3 429
-
unemployment
1 417
1 130
2 722
-
accident
614
490
1 179
-
surtax
187
187
187
-
payroll
1 417
1 130
2 722
-
total
13 782
11 031
26 295
-
Corporate
55 968
68 292
87 118
-
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.

13 993
17 073
21 779
-
total
13 993
17 073
21 779
-
Dividends
41 975
51 219
-
-
withholding
11 544
14 086
-
-
total
11 544
14 086
-
-
Income
117 000
117 000
117 000
117 000
Total tax
53 254
51 792
84 397
58 607
After tax
63 746
65 208
32 603
58 393
Living cost
33 314
33 314
33 314
33 314
Free-cash
30 432
31 894
-711
25 079

Estimated living cost  is ₽33314 per week

₽22219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2842
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.
₽7706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16887
₽9486
₽31065
₽18101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 642
communal

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

-
-
-
5 901
national
-
-
-
39 884
total
-
-
-
64 427
Employee

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

67 628
-
90 620
-
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.

588
-
788
-
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.

5 072
-
6 796
-
national
20 792
-
30 093
-
health

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

3 177
-
4 259
-
communal

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

3 527
-
4 726
-
total
33 156
-
46 662
-
Employer

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

67 628
-
90 620
-
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.

5 993
-
8 029
-
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.

4 159
-
5 573
-
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.

987
-
1 322
-
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.

879
-
1 179
-
surtax
7 668
-
10 277
-
total
19 686
-
26 380
-
Corporate
29 686
117 000
-
-
income
5 937
23 399
-
-
surtax
118
468
-
-
total
6 055
23 867
-
-
Dividends
23 631
93 132
-
-
withholding

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

6 744
27 596
-
-
total
6 744
27 596
-
-
Income
117 000
117 000
117 000
117 000
Total tax
65 641
51 463
73 042
64 427
After tax
51 359
65 537
43 958
52 573
Living cost
34 472
34 472
34 472
34 472
Free-cash
16 887
31 065
9 486
18 101

Estimated living cost  is ₽34472 per week

₽22205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37103
₽26173
₽44442
₽30715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
789
income
-
-
-
25 851
pensions
-
-
-
24 799
other
-
-
-
88
unemployment
-
-
-
614
total
-
-
-
52 141
Employee
47 062
-
89 063
-
unemployment
730
-
1 358
-
pensions
2 212
-
4 119
-
income
9 930
-
23 181
-
other
47
-
88
-
total
12 919
-
28 746
-
Employer
47 062
-
89 063
-
pensions
11 106
-
20 681
-
other
375
-
702
-
unemployment
2 589
-
4 819
-
accident
931
-
1 735
-
total
15 001
-
27 937
-
Corporate
54 937
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.

8 241
17 550
-
-
total
8 241
17 550
-
-
Dividends
46 696
99 450
-
-
withholding
9 592
20 864
-
-
total
9 592
20 864
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 753
38 414
56 683
52 141
After tax
71 247
78 586
60 317
64 859
Living cost
34 144
34 144
34 144
34 144
Free-cash
37 103
44 442
26 173
30 715

Estimated living cost  is ₽34144 per week

₽25143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10265
₽16677
₽19297
₽12013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
987
health
-
-
-
8 219
income
-
-
-
13 671
surtax
-
-
-
5 801
pensions
-
-
-
17 536
communal
-
-
-
7 394
total
-
-
-
53 608
Employee
71 598
-
104 511
-
pensions
5 727
-
8 361
-
health
3 186
-
4 652
-
income
6 916
-
17 037
-
surtax
4 389
-
6 405
-
total
20 218
-
36 455
-
Employer
71 598
-
104 511
-
pensions
5 727
-
8 361
-
health
2 183
-
3 188
-
accident
644
-
940
-
total
8 554
-
12 489
-
Corporate
36 848
117 000
-
-
income
5 528
17 550
-
-
communal
2 487
7 898
-
-
surtax
388
1 229
-
-
total
8 403
26 677
-
-
Dividends
28 446
90 323
-
-
income
13 914
6 099
-
-
withholding
4 267
13 548
-
-
total
18 181
19 647
-
-
Income
117 000
117 000
117 000
117 000
Total tax
55 356
46 324
48 944
53 608
After tax
61 644
70 676
68 056
63 392
Living cost
51 379
51 379
51 379
51 379
Free-cash
10 265
19 297
16 677
12 013

Estimated living cost  is ₽51379 per week

₽38542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3113
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.
₽9179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49348
₽33530
₽52358
₽35457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 307
income
-
-
-
25 009
surtax
-
-
-
3 377
pensions
-
-
-
23 399
other
-
-
-
-
unemployment
-
-
-
215
total
-
-
-
60 307
Employee
31 839
-
96 654
-
unemployment
2 216
-
6 726
-
pensions
2 124
-
6 446
-
health
813
-
2 463
-
income
5 338
-
23 181
-
other
-
-
-
-
surtax
113
-
3 073
-
total
10 604
-
41 889
-
Employer
31 839
-
96 654
-
pensions
4 245
-
12 884
-
other
-
-
-
-
health
1 448
-
4 397
-
unemployment
1 010
-
3 064
-
total
6 703
-
20 345
-
Corporate
78 458
117 000
-
-
income
20 400
30 420
-
-
total
20 400
30 420
-
-
Dividends
58 058
86 580
-
-
withholding
8 709
12 986
-
-
total
8 709
12 986
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 416
43 406
62 234
60 307
After tax
70 584
73 594
54 766
56 693
Living cost
21 236
21 236
21 236
21 236
Free-cash
49 348
52 358
33 530
35 457

Estimated living cost  is ₽21236 per week

₽12821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33931
₽27018
₽36030
₽32557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 092
municipal
-
-
-
696
regional
-
-
-
1 764
national
-
-
-
26 423
total
-
-
-
58 975
Employee
52 445
-
117 000
-
regional
706
-
1 574
-
municipal
278
-
621
-
national
8 309
-
22 867
-
social contributions
17 685
-
39 452
-
total
26 978
-
64 514
-
Employer
52 445
-
117 000
-
total
-
-
-
-
Corporate
64 555
117 000
-
-
municipal
3 208
5 815
-
-
nationa
15 493
28 080
-
-
total
18 701
33 895
-
-
Dividends
45 854
83 105
-
-
withholding
11 922
21 607
-
-
total
11 922
21 607
-
-
Income
117 000
117 000
117 000
117 000
Total tax
57 601
55 502
64 514
58 975
After tax
59 399
61 498
52 486
58 025
Living cost
25 468
25 468
25 468
25 468
Free-cash
33 931
36 030
27 018
32 557

Estimated living cost  is ₽25468 per week

₽15839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2580
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.
₽6613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41313
₽30450
₽51630
₽28391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 776
health
-
-
-
15 795
income
-
-
-
10 114
solidarity contribution
-
-
-
-
total
-
-
-
59 685
Employee
42 536
-
87 313
-
solidarity contribution
-
-
-
-
health
5 742
-
11 787
-
social contributions
2 765
-
5 675
-
income
5 104
-
10 478
-
total
13 611
-
27 940
-
Employer
42 536
-
87 313
-
health
3 828
-
7 858
-
social contributions
10 634
-
21 828
-
total
14 462
-
29 686
-
Corporate
60 002
117 000
-
-
income
11 400
22 230
-
-
total
11 400
22 230
-
-
Dividends
48 602
94 770
-
-
withholding
7 290
14 216
-
-
total
7 290
14 216
-
-
Income
117 000
117 000
117 000
117 000
Total tax
46 763
36 446
57 626
59 685
After tax
70 237
80 554
59 374
57 315
Living cost
28 924
28 924
28 924
28 924
Free-cash
41 313
51 630
30 450
28 391

Estimated living cost  is ₽28924 per week

₽21510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1602
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.
₽5312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34677
₽2475
₽35147
₽28417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 449
surtax
-
-
-
-
income
-
-
-
23 270
chamber of commerce
-
-
-
468
pensions
-
-
-
20 434
unemployment
-
-
-
5 799
total
-
-
-
58 420
Employee
41 328
37 677
90 854
-
unemployment
1 240
1 130
2 725
-
pensions
4 232
3 857
9 303
-
health
1 599
1 459
3 517
-
income
3 682
2 779
19 946
-
other
413
377
908
-
total
11 166
9 602
36 399
-
Employer
41 328
37 677
90 854
-
chamber of commerce
165
151
364
-
pensions
5 187
4 729
11 402
-
other
1 963
1 789
4 315
-
health
1 563
1 425
3 434
-
unemployment
1 240
1 130
2 725
-
accident
536
490
1 181
-
surtax
-
-
-
-
payroll
1 240
1 130
2 725
-
total
11 894
10 844
26 146
-
Corporate
63 778
68 479
87 265
-
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.

15 945
17 120
21 817
-
total
15 945
17 120
21 817
-
Dividends
47 834
51 359
-
-
withholding
13 155
14 124
-
-
total
13 155
14 124
-
-
Income
117 000
117 000
117 000
117 000
Total tax
52 160
51 690
84 362
58 420
After tax
64 840
65 310
32 638
58 580
Living cost
30 163
30 163
30 163
30 163
Free-cash
34 677
35 147
2 475
28 417

Estimated living cost  is ₽30163 per week

₽18094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3081
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.
₽8451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96740
₽81465
₽99015
₽103695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 169
-
117 000
-
income
3 034
-
23 400
-
total
3 034
-
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%.

101 831
117 000
-
-
total
-
-
-
-
Dividends
101 831
117 000
-
-
withholding
5 091
5 850
-
-
total
5 091
5 850
-
-
Income
117 000
117 000
117 000
117 000
Total tax
8 125
5 850
23 400
1 170
After tax
108 875
111 150
93 600
115 830
Living cost
12 135
12 135
12 135
12 135
Free-cash
96 740
99 015
81 465
103 695

Estimated living cost  is ₽12135 per week

₽8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47287
₽30835
₽55196
₽34189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 396
pensions
-
-
-
21 367
unemployment
-
-
-
176
total
-
-
-
57 452
Employee

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

41 808
-
101 236
-
unemployment
59
-
142
-
pensions
6 481
-
15 692
-
health
2 700
-
6 540
-
income
7 210
-
22 669
-
total
16 450
-
45 043
-
Employer

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

41 808
-
101 236
-
pensions
3 700
-
8 960
-
health
2 785
-
6 742
-
unemployment
25
-
61
-
total
6 510
-
15 763
-
Corporate
68 683
117 000
-
-
income
13 049
22 230
-
-
total
13 049
22 230
-
-
Dividends
55 634
94 770
-
-
withholding
8 345
14 215
-
-
total
8 345
14 215
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 354
36 445
60 806
57 452
After tax
72 646
80 555
56 194
59 548
Living cost
25 359
25 359
25 359
25 359
Free-cash
47 287
55 196
30 835
34 189

Estimated living cost  is ₽25359 per week

₽17403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽25382
₽63235
₽29980
₽39653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
59 079
-
-
-
social contributions
4 845
-
690
-
income
13 032
-
-
-
total
17 877
-
690
-
Employer
59 079
-
-
-
social contributions
83 302
-
11 872
-
total
83 302
-
11 872
-
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
101 179
45 817
12 562
36 144
After tax
15 821
71 183
104 438
80 856
Living cost
41 203
41 203
41 203
41 203
Free-cash
-25 382
29 980
63 235
39 653

Estimated living cost  is ₽41203 per week

₽26734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35941
₽27310
₽36894
₽34658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 658
income
-
-
-
12 028
surtax
-
-
-
-
total
-
-
-
52 686
Employee
43 483
-
94 546
-
social contributions
4 783
-
10 401
-
income
9 045
-
27 179
-
surtax
-
-
-
-
total
13 828
-
37 580
-
Employer
43 483
-
94 546
-
social contributions
10 327
-
22 454
-
total
10 327
-
22 454
-
Corporate
63 190
117 000
-
-
income
13 270
24 569
-
-
surtax
-
-
-
-
total
13 270
24 569
-
-
Dividends
49 920
92 431
-
-
withholding
13 978
25 881
-
-
total
13 978
25 881
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 403
50 450
60 034
52 686
After tax
65 597
66 550
56 966
64 314
Living cost
29 656
29 656
29 656
29 656
Free-cash
35 941
36 894
27 310
34 658

Estimated living cost  is ₽29656 per week

₽22188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
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.
₽5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19797
₽24154
₽13303
₽21070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 334
health
-
-
-
3 400
income
-
-
-
14 319
surtax
-
-
-
-
pensions
-
-
-
25 585
other
-
-
-
3 628
total
-
-
-
50 266
Employee
59 215
-
93 360
-
pensions
6 698
-
5 296
-
social contributions
1 687
-
2 661
-
income
5 167
-
15 589
-
surtax
-
-
-
-
total
13 552
-
23 546
-
Employer
59 215
-
93 360
-
pensions
9 730
-
9 131
-
other
2 044
-
3 221
-
health
4 145
-
7 224
-
unemployment
2 399
-
3 780
-
social contributions
178
-
280
-
total
18 496
-
23 636
-
Corporate
39 291
117 000
-
-
income
11 002
32 760
-
-
surtax
-
-
-
-
total
11 002
32 760
-
-
Dividends
28 289
84 240
-
-
surtax
-
-
-
-
social contributions
4 868
14 490
-
-
withholding
3 621
10 783
-
-
total
8 489
25 273
-
-
Income
117 000
117 000
117 000
117 000
Total tax
51 539
58 033
47 182
50 266
After tax
65 461
58 967
69 818
66 734
Living cost
45 664
45 664
45 664
45 664
Free-cash
19 797
13 303
24 154
21 070

Estimated living cost  is ₽45664 per week

₽30904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73705
₽62564
₽76880
₽59455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 739
income
-
-
-
3 386
total
-
-
-
29 125
Employee
30 395
-
101 299
-
social contributions
1 975
-
6 585
-
income
-
-
3 730
-
total
1 975
-
10 315
-
Employer
30 395
-
101 299
-
social contributions
4 711
-
15 701
-
total
4 711
-
15 701
-
Corporate
81 893
117 000
-
-
income
8 189
11 700
-
-
total
8 189
11 700
-
-
Dividends
73 705
105 300
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
14 875
11 700
26 016
29 125
After tax
102 125
105 300
90 984
87 875
Living cost
28 420
28 420
28 420
28 420
Free-cash
73 705
76 880
62 564
59 455

Estimated living cost  is ₽28420 per week

₽18376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽88799
-₽88799
-₽88799
₽25739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
22 905
pensions
-
-
-
819
labour market
-
-
-
9 295
national
-
-
-
12 752
total
-
-
-
45 771
Employee
192 004
192 004
192 004
-
pensions
273
273
273
-
municipal
40 886
40 886
40 886
-
national
23 457
23 457
23 457
-
labour market
15 338
15 338
15 338
-
total
79 954
79 954
79 954
-
Employer
192 004
192 004
192 004
-
municipal
40 951
40 951
40 951
-
pensions
546
546
546
-
national
23 498
23 498
23 498
-
labour market
15 360
15 360
15 360
-
total
80 355
80 355
80 355
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
117 000
117 000
117 000
117 000
Total tax
160 309
160 309
160 309
45 771
After tax
-43 309
-43 309
-43 309
71 229
Living cost
45 490
45 490
45 490
45 490
Free-cash
-88 799
-88 799
-88 799
25 739

Estimated living cost  is ₽45490 per week

₽31134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽700
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6296
₽41008
-₽11257
₽59433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
242
health
-
-
-
2 086
income
-
-
-
30 170
pensions
-
-
-
3 980
other
-
-
-
355
total
-
-
-
36 833
Employee
32 616
-
102 248
-
pensions
3 673
-
7 298
-
health
3 735
-
11 708
-
income
4 475
-
21 500
-
total
11 883
-
40 506
-
Employer
32 616
-
102 248
-
pensions
5 303
-
10 539
-
unemployment
799
-
2 505
-
accident
545
-
1 708
-
total
6 647
-
14 752
-
Corporate
77 737
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.

69 963
105 300
-
-
total
69 963
105 300
-
-
Dividends
7 774
11 700
-
-
withholding
1 477
2 223
-
-
total
1 477
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
89 970
107 523
55 258
36 833
After tax
27 030
9 477
61 742
80 167
Living cost
20 734
20 734
20 734
20 734
Free-cash
6 296
-11 257
41 008
59 433

Estimated living cost  is ₽20734 per week

₽15092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1182
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.
₽4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39861
₽28226
₽39781
₽44270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 407
municipal
-
-
-
20 807
national
-
-
-
14 218
total
-
-
-
36 432
Employee
49 742
-
98 427
-
unemployment
746
-
1 477
-
pensions
3 357
-
6 644
-
municipal
8 147
-
16 054
-
national
822
-
8 606
-
health
371
-
1 121
-
total
13 443
-
33 902
-
Employer
49 742
-
98 427
-
pensions
8 630
-
17 077
-
health
382
-
757
-
unemployment
323
-
641
-
accident
50
-
99
-
total
9 385
-
18 574
-
Corporate
57 873
117 000
-
-
income
11 574
23 399
-
-
total
11 574
23 399
-
-
Dividends

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

34 724
70 200
-
-
national
188
4 886
-
-
municipal
6 251
12 636
-
-
total
6 439
17 522
-
-
Income
117 000
117 000
117 000
117 000
Total tax
40 841
40 921
52 476
36 432
After tax
76 159
76 079
64 524
80 568
Living cost
36 298
36 298
36 298
36 298
Free-cash
39 861
39 781
28 226
44 270

Estimated living cost  is ₽36298 per week

₽23710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58478
₽58862
₽63623
₽60113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
health
-
-
-
2 984
income
-
-
-
16 716
total
-
-
-
34 997
Employee
72 700
72 700
106 885
-
health
563
1 236
1 817
-
social contributions
2 749
6 034
8 138
-
income
7 916
6 730
16 178
-
total
11 228
14 000
26 133
-
Employer
72 700
72 700
106 885
-
health
612
1 346
1 977
-
social contributions
2 749
6 034
8 138
-
total
3 361
7 380
10 115
-
Corporate
80 522
36 920
-
-
income
10 065
4 615
-
-
total
10 065
4 615
-
-
Dividends
70 457
32 306
-
-
withholding
11 978
5 492
-
-
total
11 978
5 492
-
-
Income
117 000
117 000
117 000
117 000
Total tax
36 632
31 487
36 248
34 997
After tax
80 368
85 513
80 752
82 003
Living cost
21 890
21 890
21 890
21 890
Free-cash
58 478
63 623
58 862
60 113

Estimated living cost  is ₽21890 per week

₽13119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2148
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.
₽6140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77067
₽62069
₽81876
₽81032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 421
income
-
-
-
11 495
pensions
-
-
-
6 014
unemployment
-
-
-
27
total
-
-
-
20 957
Employee

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

21 701
-
107 760
-
unemployment
108
-
449
-
pensions
3 255
-
13 456
-
health
1 844
-
7 625
-
income
1 484
-
9 150
-
total
6 691
-
30 680
-
Employer

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

21 701
-
107 760
-
pensions
1 193
-
4 934
-
health
933
-
3 857
-
unemployment
108
-
449
-
total
2 234
-
9 240
-
Corporate
93 065
117 000
-
-
income
8 375
10 530
-
-
total
8 375
10 530
-
-
Dividends
84 690
106 470
-
-
withholding
7 622
9 583
-
-
total
7 622
9 583
-
-
Income
117 000
117 000
117 000
117 000
Total tax
24 922
20 113
39 920
20 957
After tax
92 078
96 887
77 080
96 043
Living cost
15 011
15 011
15 011
15 011
Free-cash
77 067
81 876
62 069
81 032

Estimated living cost  is ₽15011 per week

₽9577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1082
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47823
₽34318
₽52587
₽38860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
789
income
-
-
-
25 851
pensions
-
-
-
24 799
other
-
-
-
88
unemployment
-
-
-
614
total
-
-
-
52 141
Employee
34 959
-
89 063
-
unemployment
542
-
1 358
-
pensions
1 643
-
4 119
-
income
6 740
-
23 181
-
other
34
-
88
-
total
8 959
-
28 746
-
Employer
34 959
-
89 063
-
pensions
8 250
-
20 681
-
other
280
-
702
-
unemployment
1 923
-
4 819
-
accident
693
-
1 735
-
total
11 146
-
27 937
-
Corporate
70 896
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.

10 634
17 550
-
-
total
10 634
17 550
-
-
Dividends
60 262
99 450
-
-
withholding
12 439
20 864
-
-
total
12 439
20 864
-
-
Income
117 000
117 000
117 000
117 000
Total tax
43 178
38 414
56 683
52 141
After tax
73 822
78 586
60 317
64 859
Living cost
25 999
25 999
25 999
25 999
Free-cash
47 823
52 587
34 318
38 860

Estimated living cost  is ₽25999 per week

₽17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70854
₽72982
₽71157
₽73112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
979
income
-
-
-
39 708
pensions
-
-
-
1 350
total
-
-
-
42 037
Employee
2 819
-
115 481
-
unemployment
28
-
68
-
pensions
254
-
607
-
health
141
-
337
-
income
545
-
39 637
-
total
968
-
40 649
-
Employer
2 819
-
115 481
-
pensions
310
-
742
-
health
268
-
641
-
unemployment
56
-
135
-
total
634
-
1 518
-
Corporate
113 547
117 000
-
-
income
24 980
25 740
-
-
total
24 980
25 740
-
-
Dividends
88 567
91 260
-
-
withholding
17 713
18 252
-
-
total
17 713
18 252
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 295
43 992
42 167
42 037
After tax
72 705
73 008
74 833
74 963
Living cost
1 851
1 851
1 851
1 851
Free-cash
70 854
71 157
72 982
73 112

Estimated living cost  is ₽1851 per week

₽1100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽42
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63540
₽48954
₽68189
₽48954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 194
income
-
-
-
25 302
pensions
-
-
-
18 159
unemployment
-
-
-
1 048
total
-
-
-
51 703
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.

24 644
-
104 499
-
unemployment
185
-
524
-
pensions
3 450
-
9 778
-
health
1 269
-
3 597
-
income
3 397
-
25 302
-
total
8 301
-
39 201
-
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.

24 644
-
104 499
-
pensions
2 957
-
8 381
-
health
1 269
-
3 597
-
unemployment
185
-
524
-
total
4 411
-
12 502
-
Corporate
87 944
117 000
-
-
income
13 192
17 550
-
-
total
13 192
17 550
-
-
Dividends
74 753
99 450
-
-
withholding
11 213
14 918
-
-
total
11 213
14 918
-
-
Income
117 000
117 000
117 000
117 000
Total tax
37 117
32 468
51 703
51 703
After tax
79 883
84 532
65 297
65 297
Living cost
16 343
16 343
16 343
16 343
Free-cash
63 540
68 189
48 954
48 954

Estimated living cost  is ₽16343 per week

₽11004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40722
₽31477
₽41061
₽38825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 658
income
-
-
-
12 028
surtax
-
-
-
-
total
-
-
-
52 686
Employee
36 695
-
94 546
-
social contributions
4 037
-
10 401
-
income
7 170
-
27 179
-
surtax
-
-
-
-
total
11 207
-
37 580
-
Employer
36 695
-
94 546
-
social contributions
8 714
-
22 454
-
total
8 714
-
22 454
-
Corporate
71 591
117 000
-
-
income
15 033
24 569
-
-
surtax
-
-
-
-
total
15 033
24 569
-
-
Dividends
56 558
92 431
-
-
withholding
15 835
25 881
-
-
total
15 835
25 881
-
-
Income
117 000
117 000
117 000
117 000
Total tax
50 789
50 450
60 034
52 686
After tax
66 211
66 550
56 966
64 314
Living cost
25 489
25 489
25 489
25 489
Free-cash
40 722
41 061
31 477
38 825

Estimated living cost  is ₽25489 per week

₽18053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38343
₽27090
₽45359
₽31632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
789
income
-
-
-
25 851
pensions
-
-
-
24 799
other
-
-
-
88
unemployment
-
-
-
614
total
-
-
-
52 141
Employee
45 661
-
89 063
-
unemployment
707
-
1 358
-
pensions
2 146
-
4 119
-
income
9 537
-
23 181
-
other
45
-
88
-
total
12 435
-
28 746
-
Employer
45 661
-
89 063
-
pensions
10 776
-
20 681
-
other
366
-
702
-
unemployment
2 512
-
4 819
-
accident
904
-
1 735
-
total
14 558
-
27 937
-
Corporate
56 781
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.

8 517
17 550
-
-
total
8 517
17 550
-
-
Dividends
48 265
99 450
-
-
withholding
9 920
20 864
-
-
total
9 920
20 864
-
-
Income
117 000
117 000
117 000
117 000
Total tax
45 430
38 414
56 683
52 141
After tax
71 570
78 586
60 317
64 859
Living cost
33 227
33 227
33 227
33 227
Free-cash
38 343
45 359
27 090
31 632

Estimated living cost  is ₽33227 per week

₽23862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77974
₽78380
₽83745
₽74328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 804
income
-
-
-
17 550
pensions

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

-
-
-
4 896
unemployment
-
-
-
132
total
-
-
-
26 382
Employee
21 571
-
110 510
-
accident

We are using the highest rate at 1.1%.

237
-
364
-
pensions

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

1 894
-
2 904
-
health
992
-
1 522
-
income
2 157
-
11 051
-
total
5 280
-
15 841
-
Employer
21 571
-
110 510
-
pensions

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

2 377
-
3 645
-
health
1 489
-
2 282
-
unemployment
130
-
198
-
accident

We are using the highest rate at 1.1%.

237
-
364
-
total
4 233
-
6 489
-
Corporate
91 197
117 000
-
-
income
9 119
11 700
-
-
total
9 119
11 700
-
-
Dividends
82 078
105 300
-
-
withholding
4 104
5 265
-
-
total
4 104
5 265
-
-
Income
117 000
117 000
117 000
117 000
Total tax
22 736
16 965
22 330
26 382
After tax
94 264
100 035
94 670
90 618
Living cost
16 290
16 290
16 290
16 290
Free-cash
77 974
83 745
78 380
74 328

Estimated living cost  is ₽16290 per week

₽10774
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.
₽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.
₽4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36163
₽41680
₽23793
₽31199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 459
trade
-
-
-
10 481
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.

-
-
-
30 673
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.

-
-
-
1 687
total
-
-
-
49 300
Employee

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

47 042
-
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.

6 459
-
6 459
-
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.

3 868
-
30 673
-
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.

214
-
1 687
-
total
10 541
-
38 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 958
117 000
-
-
income
10 494
17 550
-
-
chamber of commerce
246
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.

578
965
-
-
trade
10 038
16 790
-
-
total
21 356
35 621
-
-
Dividends
48 602
81 379
-
-
surtax

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

648
1 100
-
-
withholding
11 791
19 985
-
-
total
12 439
21 085
-
-
Income
117 000
117 000
117 000
117 000
Total tax
44 336
56 706
38 819
49 300
After tax
72 664
60 294
78 181
67 700
Living cost
36 501
36 501
36 501
36 501
Free-cash
36 163
23 793
41 680
31 199

Estimated living cost  is ₽36501 per week

₽25179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3927
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.
₽6864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30129
₽21090
₽28044
₽21090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 879
income
-
-
-
31 174
total
-
-
-
42 053
Employee
73 955
-
117 000
-
social contributions
6 144
-
10 879
-
income
13 955
-
31 174
-
total
20 099
-
42 053
-
Employer
73 955
-
117 000
-
total
-
-
-
-
Corporate
43 045
117 000
-
-
income
5 381
14 624
-
-
total
5 381
14 624
-
-
Dividends
37 664
102 376
-
-
withholding
7 534
20 475
-
-
total
7 534
20 475
-
-
Income
117 000
117 000
117 000
117 000
Total tax
33 014
35 099
42 053
42 053
After tax
83 986
81 901
74 947
74 947
Living cost
53 857
53 857
53 857
53 857
Free-cash
30 129
28 044
21 090
21 090

Estimated living cost  is ₽53857 per week

₽40973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40039
₽51892
₽36735
₽49923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 912
health

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

-
-
-
5 845
total
-
-
-
32 757
Employee
43 371
-
112 651
-
social contributions
4 345
-
4 349
-
income
4 706
-
22 090
-
total
9 051
-
26 439
-
Employer
43 371
-
112 651
-
social contributions
4 345
-
4 349
-
total
4 345
-
4 349
-
Corporate
69 283
117 000
-
-
income
24 250
40 950
-
-
total
24 250
40 950
-
-
Dividends
45 033
76 050
-
-
social contributions
4 995
4 995
-
-
total
4 995
4 995
-
-
Income
117 000
117 000
117 000
117 000
Total tax
42 641
45 945
30 788
32 757
After tax
74 359
71 055
86 212
84 243
Living cost
34 320
34 320
34 320
34 320
Free-cash
40 039
36 735
51 892
49 923

Estimated living cost  is ₽34320 per week

₽22606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48094
₽35840
₽47187
₽46684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 564
pensions
-
-
-
7 402
total
-
-
-
35 966
Employee
47 151
-
102 631
-
pensions
3 599
-
9 440
-
health
615
-
1 666
-
income
8 587
-
21 336
-
total
12 801
-
32 442
-
Employer
47 151
-
102 631
-
pensions
4 764
-
12 419
-
health
896
-
1 949
-
total
5 660
-
14 368
-
Corporate
64 190
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.

12 195
22 230
-
-
total
12 195
22 230
-
-
Dividends
51 994
94 770
-
-
withholding
3 900
13 233
-
-
total
3 900
13 233
-
-
Income
117 000
117 000
117 000
117 000
Total tax
34 556
35 463
46 810
35 966
After tax
82 444
81 537
70 190
81 034
Living cost
34 350
34 350
34 350
34 350
Free-cash
48 094
47 187
35 840
46 684

Estimated living cost  is ₽34350 per week

₽23564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3159
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽5982
₽38955
-₽13310
₽57380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
117 000
accident
-
-
-
242
health
-
-
-
2 086
income
-
-
-
30 170
pensions
-
-
-
3 980
other
-
-
-
355
total
-
-
-
36 833
Employee
35 845
-
102 248
-
pensions
4 036
-
7 298
-
health
4 104
-
11 708
-
income
4 918
-
21 500
-
total
13 058
-
40 506
-
Employer
35 845
-
102 248
-
pensions
5 828
-
10 539
-
unemployment
878
-
2 505
-
accident
599
-
1 708
-
total
7 305
-
14 752
-
Corporate
73 851
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.

66 465
105 300
-
-
total
66 465
105 300
-
-
Dividends
7 385
11 700
-
-
withholding
1 403
2 223
-
-
total
1 403
2 223
-
-
Income
117 000
117 000
117 000
117 000
Total tax
88 231
107 523
55 258
36 833
After tax
28 769
9 477
61 742
80 167
Living cost
22 787
22 787
22 787
22 787
Free-cash
5 982
-13 310
38 955
57 380

Estimated living cost  is ₽22787 per week

₽16723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1328
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.
₽4277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₽81268
₽64910
₽85689
₽53517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 542
health insurance
-
-
-
8 658
pensions
-
-
-
21 528
unemployment
-
-
-
1 404
work injury
-
-
-
585
total
-
-
-
50 717
Employee

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

20 425
-
117 000
-
unemployment
245
-
907
-
pensions
3 758
-
13 905
-
work injury
102
-
378
-
income
2 043
-
18 542
-
health insurance
1 511
-
5 592
-
total
7 659
-
39 324
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96 575
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%.

966
1 170
-
-
total
966
1 170
-
-
Dividends
95 609
115 830
-
-
withholding
14 341
17 375
-
-
total
14 341
17 375
-
-
Income
117 000
117 000
117 000
117 000
Total tax
22 966
18 545
39 324
50 717
After tax
94 034
98 455
77 676
66 283
Living cost
12 766
12 766
12 766
12 766
Free-cash
81 268
85 689
64 910
53 517

Estimated living cost  is ₽12766 per week

₽7909
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.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₽19662
₽14144
₽23963
₽19496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 092
municipal
-
-
-
782
regional
-
-
-
2 543
national
-
-
-
26 423
total
-
-
-
59 840
Employee
79 669
-
117 000
-
regional
1 203
-
2 175
-
municipal
475
-
698
-
national
13 463
-
22 867
-
social contributions
26 864
-
39 452
-
total
42 005
-
65 192
-
Employer
79 669
-
117 000
-
total
-
-
-
-
Corporate
37 331
117 000
-
-
municipal
1 800
5 639
-
-
nationa
8 960
28 080
-
-
total
10 760
33 719
-
-
Dividends
26 571
83 281
-
-
withholding
6 909
21 654
-
-
total
6 909
21 654
-
-
Income
117 000
117 000
117 000
117 000
Total tax
59 674
55 373
65 192
59 840
After tax
57 326
61 627
51 808
57 160
Living cost
37 664
37 664
37 664
37 664
Free-cash
19 662
23 963
14 144
19 496

Estimated living cost  is ₽37664 per week

₽26457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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