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
₽ 118500
per

Your estimated
City
free-cash

Dresden , Germany
₽38138
₽49479
₽40634
₽29575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
trade
-
-
-
11 341
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.

-
-
-
6 831
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.

-
-
-
30 240
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.

-
-
-
1 664
total
-
-
-
50 076
Employee

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

38 244
-
118 500
-
surtax

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

59
-
1 664
-
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.

1 068
-
30 240
-
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.

6 831
-
6 831
-
total
7 958
-
38 735
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 256
118 500
-
-
trade
12 641
18 664
-
-
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.

662
977
-
-
income
12 038
17 776
-
-
chamber of commerce
268
323
-
-
total
25 609
37 740
-
-
Dividends
54 648
80 761
-
-
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.

731
1 089
-
-
withholding
13 282
19 810
-
-
total
14 013
20 899
-
-
Income
118 500
118 500
118 500
118 500
Total tax
47 580
58 639
38 735
50 076
After tax
70 920
59 861
79 765
68 424
Living cost
30 286
30 286
30 286
30 286
Free-cash
40 634
29 575
49 479
38 138

Estimated living cost  is ₽30286 per week

₽19051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20492
₽21422
₽22662
₽23502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
1 274
municipal
-
-
-
12 579
national
-
-
-
19 493
pensions
-
-
-
14 220
total
-
-
-
47 566
Employee
78 195
-
102 442
-
pensions
3 128
-
4 098
-
national
14 966
-
20 204
-
municipal
9 658
-
13 038
-
total
27 752
-
37 340
-
Employer
78 195
-
102 442
-
pensions
6 256
-
8 195
-
social contributions
841
-
1 101
-
total
7 097
-
9 296
-
Corporate
28 048
118 500
-
-
income

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

5 610
23 700
-
-
total
5 610
23 700
-
-
Dividends
22 439
94 800
-
-
withholding
4 937
20 856
-
-
total
4 937
20 856
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 396
44 556
46 636
47 566
After tax
73 104
73 944
71 864
70 934
Living cost
50 442
50 442
50 442
50 442
Free-cash
22 662
23 502
21 422
20 492

Estimated living cost  is ₽50442 per week

₽34285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽755
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42247
₽45780
₽65796
₽73999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
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.

-
-
-
38 097
income
-
-
-
17 354
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
55 451
Employee
29 217
-
95 495
-
income
5 201
-
18 409
-
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.

3 214
-
10 504
-
surtax
-
-
-
-
total
8 415
-
28 913
-
Employer
29 217
-
95 495
-
social contributions

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

7 038
-
23 005
-
surtax
-
-
-
-
total
7 038
-
23 005
-
Corporate
82 245
118 500
-
-
income

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

16 449
23 699
-
-
total
16 449
23 699
-
-
Dividends

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

65 796
94 801
-
-
total
-
-
-
-
Income
118 500
118 500
118 500
118 500
Total tax
31 902
23 699
51 918
55 451
After tax
86 598
94 801
66 582
63 049
Living cost
20 802
20 802
20 802
20 802
Free-cash
65 796
73 999
45 780
42 247

Estimated living cost  is ₽20802 per week

₽13271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5078
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25975
₽21236
₽9796
₽15923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
health
-
-
-
12 330
income
-
-
-
26 593
pensions
-
-
-
11 715
total
-
-
-
50 638
Employee
85 386
85 386
100 842
-
income

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

13 976
13 976
13 976
-
pensions
15 370
11 715
11 715
-
health
13 106
11 148
12 028
-
total
42 452
36 839
37 719
-
Employer
85 386
85 386
100 842
-
pensions
5 943
5 943
7 019
-
health
5 935
5 935
7 009
-
unemployment
3 074
3 074
3 630
-
total
14 952
14 952
17 658
-
Corporate
19 209
18 162
-
-
income
3 842
3 632
-
-
total
3 842
3 632
-
-
Dividends
15 367
14 530
-
-
withholding
2 305
2 180
-
-
income
3 266
3 087
-
-
total
5 571
5 267
-
-
Income
118 500
118 500
118 500
118 500
Total tax
66 817
60 690
55 377
50 638
After tax
51 683
57 810
63 123
67 862
Living cost
41 887
41 887
41 887
41 887
Free-cash
9 796
15 923
21 236
25 975

Estimated living cost  is ₽41887 per week

₽29684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽666
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24679
₽23642
₽25391
₽26253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
9 792
unemployment
-
-
-
84
accident
-
-
-
168
municipal
-
-
-
28 057
health
-
-
-
5 258
national
-
-
-
2 905
pensions
-
-
-
9 109
total
-
-
-
55 373
Employee
54 785
-
92 024
-
national
-
-
2 492
-
municipal
16 337
-
27 442
-
total
16 337
-
29 934
-
Employer
54 785
-
92 024
-
pensions
5 922
-
9 109
-
other
6 366
-
9 792
-
accident
110
-
168
-
health
3 369
-
5 182
-
unemployment
1 446
-
2 225
-
total
17 213
-
26 476
-
Corporate
46 502
118 500
-
-
income
10 230
26 070
-
-
total
10 230
26 070
-
-
Dividends
36 271
92 430
-
-
withholding
10 881
27 729
-
-
total
10 881
27 729
-
-
Income
118 500
118 500
118 500
118 500
Total tax
54 661
53 799
56 410
55 373
After tax
63 839
64 701
62 090
63 127
Living cost
38 448
38 448
38 448
38 448
Free-cash
25 391
26 253
23 642
24 679

Estimated living cost  is ₽38448 per week

₽25482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28639
₽40485
₽34021
₽19972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
trade
-
-
-
11 846
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.

-
-
-
6 831
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.

-
-
-
30 240
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.

-
-
-
1 664
total
-
-
-
50 581
Employee

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

50 706
-
118 500
-
surtax

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

239
-
1 664
-
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.

4 357
-
30 240
-
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.

6 831
-
6 831
-
total
11 427
-
38 735
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 794
118 500
-
-
trade
11 151
19 493
-
-
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.

560
977
-
-
income
10 169
17 776
-
-
chamber of commerce
249
321
-
-
total
22 129
38 567
-
-
Dividends
45 665
79 934
-
-
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.

607
1 078
-
-
withholding
11 036
19 603
-
-
total
11 643
20 681
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 199
59 248
38 735
50 581
After tax
73 301
59 252
79 765
67 919
Living cost
39 280
39 280
39 280
39 280
Free-cash
34 021
19 972
40 485
28 639

Estimated living cost  is ₽39280 per week

₽26271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽586
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50720
₽49431
₽50057
₽54206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
16 178
health
-
-
-
3 023
income
-
-
-
16 148
total
-
-
-
35 349
Employee
76 887
76 887
107 897
-
income
8 074
7 117
15 593
-
social contributions
3 736
6 381
8 607
-
health
765
1 307
1 835
-
total
12 575
14 805
26 035
-
Employer
76 887
76 887
107 897
-
health
833
1 423
1 996
-
social contributions
3 736
6 381
8 607
-
total
4 569
7 804
10 603
-
Corporate
68 925
33 809
-
-
income
8 616
4 226
-
-
total
8 616
4 226
-
-
Dividends
60 309
29 583
-
-
withholding
10 252
5 028
-
-
total
10 252
5 028
-
-
Income
118 500
118 500
118 500
118 500
Total tax
36 012
31 863
36 638
35 349
After tax
82 488
86 637
81 862
83 151
Living cost
32 431
32 431
32 431
32 431
Free-cash
50 057
54 206
49 431
50 720

Estimated living cost  is ₽32431 per week

₽22170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63855
₽50460
₽48833
₽48453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
unemployment
-
-
-
1 777
health
-
-
-
8 295
income
-
-
-
14 487
pensions
-
-
-
11 850
total
-
-
-
36 409
Employee

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

The minimum wage is 138,000 HUF per month.

26 323
10 476
99 163
-
income
3 218
1 281
12 123
-
pensions
2 632
1 048
9 916
-
unemployment
395
157
1 487
-
health
1 843
733
6 941
-
total
8 088
3 219
30 467
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 323
10 476
99 163
-
pensions
5 133
2 043
19 337
-
total
5 133
2 043
19 337
-
Corporate
87 044
105 981
-
-
income
7 834
9 538
-
-
total
7 834
9 538
-
-
Dividends
79 210
96 443
-
-
social contributions
15 326
18 687
-
-
withholding
15 050
18 324
-
-
total
30 376
37 011
-
-
Income
118 500
118 500
118 500
118 500
Total tax
51 431
51 811
49 804
36 409
After tax
67 069
66 689
68 696
82 091
Living cost
18 236
18 236
18 236
18 236
Free-cash
48 833
48 453
50 460
63 855

Estimated living cost  is ₽18236 per week

₽12444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39366
₽44150
₽64438
₽70650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
health
-
-
-
15 406
income
-
-
-
15 878
pensions
-
-
-
23 699
total
-
-
-
54 983
Employee
28 365
-
88 565
-
income
3 193
-
17 075
-
pensions
567
-
1 772
-
unemployment
453
-
1 417
-
total
4 213
-
20 264
-
Employer
28 365
-
88 565
-
pensions
5 673
-
17 713
-
health
3 687
-
11 514
-
unemployment
228
-
708
-
total
9 588
-
29 935
-
Corporate
80 547
118 500
-
-
income
16 110
23 699
-
-
total
16 110
23 699
-
-
Dividends
64 437
94 801
-
-
total
-
-
-
-
Income
118 500
118 500
118 500
118 500
Total tax
29 911
23 699
50 199
54 983
After tax
88 589
94 801
68 301
63 517
Living cost
24 151
24 151
24 151
24 151
Free-cash
64 438
70 650
44 150
39 366

Estimated living cost  is ₽24151 per week

₽16565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59298
₽40452
₽6237
-₽12315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 350
pensions
-
-
-
4 145
total
-
-
-
37 288
Employee
34 472
-
103 271
-
income
4 729
-
21 482
-
pensions
3 882
-
7 599
-
health
3 947
-
11 824
-
total
12 558
-
40 905
-
Employer
34 472
-
103 271
-
pensions
5 605
-
10 974
-
accident
575
-
1 725
-
unemployment
845
-
2 530
-
total
7 025
-
15 229
-
Corporate
77 003
118 500
-
-
income

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

69 303
106 650
-
-
total
69 303
106 650
-
-
Dividends
7 700
11 850
-
-
withholding
1 463
2 251
-
-
total
1 463
2 251
-
-
Income
118 500
118 500
118 500
118 500
Total tax
90 349
108 901
56 134
37 288
After tax
28 151
9 599
62 366
81 212
Living cost
21 914
21 914
21 914
21 914
Free-cash
6 237
-12 315
40 452
59 298

Estimated living cost  is ₽21914 per week

₽16061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108304
₽85789
₽101875
₽103564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
118 500
microenterprise

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

-
-
-
1 185
total
-
-
-
1 185
Employee
11 263
-
118 500
-
income
2 252
-
23 700
-
total
2 252
-
23 700
-
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%.

107 237
118 500
-
-
total
-
-
-
-
Dividends
107 237
118 500
-
-
withholding
5 362
5 925
-
-
total
5 362
5 925
-
-
Income
118 500
118 500
118 500
118 500
Total tax
7 614
5 925
23 700
1 185
After tax
110 886
112 575
94 800
117 315
Living cost
9 011
9 011
9 011
9 011
Free-cash
101 875
103 564
85 789
108 304

Estimated living cost  is ₽9011 per week

₽5584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37001
₽41905
₽53667
₽60418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
5 628
health
-
-
-
5 214
income
-
-
-
15 575
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.

-
-
-
28 439
total
-
-
-
54 856
Employee
36 305
-
94 649
-
income
6 250
-
17 208
-
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.

2 541
-
6 624
-
unemployment
362
-
947
-
health
509
-
1 324
-
total
9 662
-
26 103
-
Employer
36 305
-
94 649
-
pensions

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

6 172
-
16 089
-
other
1 816
-
4 732
-
accident
290
-
757
-
health
509
-
1 324
-
unemployment
362
-
947
-
total
9 149
-
23 849
-
Corporate
73 045
118 500
-
-
income
15 339
24 885
-
-
total
15 339
24 885
-
-
Dividends
57 706
93 615
-
-
withholding
4 040
6 554
-
-
total
4 040
6 554
-
-
Income
118 500
118 500
118 500
118 500
Total tax
38 190
31 439
49 952
54 856
After tax
80 310
87 061
68 548
63 644
Living cost
26 643
26 643
26 643
26 643
Free-cash
53 667
60 418
41 905
37 001

Estimated living cost  is ₽26643 per week

₽18825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽429
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15732
₽4680
₽7720
₽16638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
income
-
-
-
27 641
pensions
-
-
-
7 874
total
-
-
-
35 515
Employee
95 153
-
104 058
-
income
17 152
-
20 273
-
pensions
9 180
-
10 115
-
health
1 568
-
1 737
-
total
27 900
-
32 125
-
Employer
95 153
-
104 058
-
pensions
11 235
-
12 464
-
health
1 807
-
1 978
-
total
13 042
-
14 442
-
Corporate
10 305
118 500
-
-
income

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

1 958
22 514
-
-
total
1 958
22 514
-
-
Dividends
8 347
95 986
-
-
withholding
627
12 095
-
-
total
627
12 095
-
-
Income
118 500
118 500
118 500
118 500
Total tax
43 527
34 609
46 567
35 515
After tax
74 973
83 891
71 933
82 985
Living cost
67 253
67 253
67 253
67 253
Free-cash
7 720
16 638
4 680
15 732

Estimated living cost  is ₽67253 per week

₽50394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7902
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.
₽8411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽78294
₽82321
₽83567
₽88211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
unemployment
-
-
-
140
health
-
-
-
4 016
income
-
-
-
17 775
pensions

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

-
-
-
5 168
total
-
-
-
27 099
Employee
17 356
-
111 649
-
income
1 735
-
11 165
-
pensions

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

1 524
-
3 066
-
health
798
-
1 606
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
total
4 248
-
16 221
-
Employer
17 356
-
111 649
-
pensions

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

1 913
-
3 848
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
health
1 198
-
2 409
-
unemployment
104
-
210
-
total
3 406
-
6 851
-
Corporate
97 738
118 500
-
-
income
9 774
11 850
-
-
total
9 774
11 850
-
-
Dividends
87 965
106 650
-
-
withholding
4 398
5 332
-
-
total
4 398
5 332
-
-
Income
118 500
118 500
118 500
118 500
Total tax
21 826
17 182
23 072
27 099
After tax
96 674
101 318
95 428
91 401
Living cost
13 107
13 107
13 107
13 107
Free-cash
83 567
88 211
82 321
78 294

Estimated living cost  is ₽13107 per week

₽7652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽936
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12417
₽7678
₽4881
₽2365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
health
-
-
-
12 330
income
-
-
-
26 593
pensions
-
-
-
11 715
total
-
-
-
50 638
Employee
92 702
85 386
100 842
-
income

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

13 976
13 976
13 976
-
pensions
11 715
11 715
11 715
-
health
11 565
11 148
12 028
-
total
37 256
36 839
37 719
-
Employer
92 702
85 386
100 842
-
pensions
6 451
5 943
7 019
-
health
6 442
5 935
7 009
-
unemployment
3 338
3 074
3 630
-
total
16 231
14 952
17 658
-
Corporate
9 567
18 162
-
-
income
1 913
3 632
-
-
total
1 913
3 632
-
-
Dividends
7 654
14 530
-
-
withholding
1 148
2 180
-
-
income
1 626
3 087
-
-
total
2 774
5 267
-
-
Income
118 500
118 500
118 500
118 500
Total tax
58 174
60 690
55 377
50 638
After tax
60 326
57 810
63 123
67 862
Living cost
55 445
55 445
55 445
55 445
Free-cash
4 881
2 365
7 678
12 417

Estimated living cost  is ₽55445 per week

₽40900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽636
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33745
₽36123
₽49009
₽57575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
34 552
health
-
-
-
15 998
income
-
-
-
10 193
solidarity contribution
-
-
-
-
total
-
-
-
60 743
Employee
35 311
-
88 433
-
income
4 237
-
10 612
-
solidarity contribution
-
-
-
-
social contributions
2 295
-
5 748
-
health
4 767
-
11 938
-
total
11 299
-
28 298
-
Employer
35 311
-
88 433
-
health
3 178
-
7 959
-
social contributions
8 828
-
22 108
-
total
12 006
-
30 067
-
Corporate
71 183
118 500
-
-
income
13 525
22 515
-
-
total
13 525
22 515
-
-
Dividends
57 658
95 985
-
-
withholding
8 649
14 398
-
-
total
8 649
14 398
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 479
36 913
58 365
60 743
After tax
73 021
81 587
60 135
57 757
Living cost
24 012
24 012
24 012
24 012
Free-cash
49 009
57 575
36 123
33 745

Estimated living cost  is ₽24012 per week

₽16679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17320
₽11682
₽15810
₽21033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
30 479
municipal
-
-
-
704
national
-
-
-
26 466
regional
-
-
-
1 339
total
-
-
-
58 988
Employee
88 864
-
118 500
-
national
15 398
-
22 863
-
social contributions
29 965
-
39 959
-
municipal
471
-
628
-
regional
838
-
1 176
-
total
46 672
-
64 626
-
Employer
88 864
-
118 500
-
total
-
-
-
-
Corporate
29 636
118 500
-
-
nationa
7 114
28 439
-
-
municipal
1 156
4 622
-
-
total
8 270
33 061
-
-
Dividends
21 367
85 438
-
-
withholding
5 556
22 214
-
-
total
5 556
22 214
-
-
Income
118 500
118 500
118 500
118 500
Total tax
60 498
55 275
64 626
58 988
After tax
58 002
63 225
53 874
59 512
Living cost
42 192
42 192
42 192
42 192
Free-cash
15 810
21 033
11 682
17 320

Estimated living cost  is ₽42192 per week

₽29411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽647
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36080
₽34133
₽49359
₽52474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 413
income
-
-
-
24 730
surtax
-
-
-
3 286
pensions
-
-
-
23 699
total
-
-
-
60 356
Employee
33 066
-
97 895
-
income
5 543
-
22 884
-
pensions
2 205
-
6 529
-
unemployment
2 302
-
6 814
-
health
844
-
2 495
-
other
-
-
-
-
surtax
108
-
2 977
-
total
11 002
-
41 699
-
Employer
33 066
-
97 895
-
pensions
4 408
-
13 049
-
other
-
-
-
-
health
1 505
-
4 453
-
unemployment
1 047
-
3 102
-
total
6 960
-
20 604
-
Corporate
78 474
118 500
-
-
income
20 404
30 809
-
-
total
20 404
30 809
-
-
Dividends
58 071
87 691
-
-
withholding
8 711
13 153
-
-
total
8 711
13 153
-
-
Income
118 500
118 500
118 500
118 500
Total tax
47 077
43 962
62 303
60 356
After tax
71 423
74 538
56 197
58 144
Living cost
22 064
22 064
22 064
22 064
Free-cash
49 359
52 474
34 133
36 080

Estimated living cost  is ₽22064 per week

₽13491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37039
₽25987
₽34927
₽37945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
income
-
-
-
27 641
pensions
-
-
-
7 874
total
-
-
-
35 515
Employee
63 769
-
104 058
-
income
11 485
-
20 273
-
pensions
5 413
-
10 115
-
health
926
-
1 737
-
total
17 824
-
32 125
-
Employer
63 769
-
104 058
-
pensions
6 903
-
12 464
-
health
1 211
-
1 978
-
total
8 114
-
14 442
-
Corporate
46 616
118 500
-
-
income

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

8 856
22 514
-
-
total
8 856
22 514
-
-
Dividends
37 760
95 986
-
-
withholding
2 833
12 095
-
-
total
2 833
12 095
-
-
Income
118 500
118 500
118 500
118 500
Total tax
37 627
34 609
46 567
35 515
After tax
80 873
83 891
71 933
82 985
Living cost
45 946
45 946
45 946
45 946
Free-cash
34 927
37 945
25 987
37 039

Estimated living cost  is ₽45946 per week

₽34422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3444
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.
₽7598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽22455
₽16575
₽10945
-₽21395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other

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

-
-
-
2 370
health
-
-
-
266
city
-
-
-
1 248
national
-
-
-
1 073
regional
-
-
-
4 605
pensions
-
-
-
10 902
total
-
-
-
20 464
Employee
88 449
-
106 065
-
pensions
7 431
-
8 908
-
national
419
-
829
-
unemployment
-
-
-
-
city
949
-
1 139
-
health
200
-
239
-
regional
2 896
-
3 960
-
total
11 895
-
15 075
-
Employer
88 449
-
106 065
-
pensions
7 431
-
8 908
-
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.

1 768
-
2 122
-
health
200
-
239
-
unemployment
-
-
-
-
total
9 399
-
11 269
-
Corporate
19 679
118 500
-
-
regional
4 162
25 063
-
-
national
1 673
10 073
-
-
total
5 835
35 136
-
-
Dividends
13 844
83 364
-
-
withholding
4 845
29 178
-
-
total
4 845
29 178
-
-
Income
118 500
118 500
118 500
118 500
Total tax
31 974
64 314
26 344
20 464
After tax
86 526
54 186
92 156
98 036
Living cost
75 581
75 581
75 581
75 581
Free-cash
10 945
-21 395
16 575
22 455

Estimated living cost  is ₽75581 per week

₽49149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽928
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽21609
₽33960
₽29053
₽12839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
trade
-
-
-
12 351
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.

-
-
-
6 831
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.

-
-
-
30 240
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.

-
-
-
1 664
total
-
-
-
51 086
Employee

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

60 091
-
118 500
-
surtax

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

389
-
1 664
-
income

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

7 066
-
30 240
-
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.

6 831
-
6 831
-
total
14 286
-
38 735
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 409
118 500
-
-
trade
10 017
20 322
-
-
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.

482
977
-
-
income
8 761
17 776
-
-
chamber of commerce
233
319
-
-
total
19 493
39 394
-
-
Dividends
38 916
79 107
-
-
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.

514
1 066
-
-
withholding
9 349
19 396
-
-
total
9 863
20 462
-
-
Income
118 500
118 500
118 500
118 500
Total tax
43 642
59 856
38 735
51 086
After tax
74 858
58 644
79 765
67 414
Living cost
45 805
45 805
45 805
45 805
Free-cash
29 053
12 839
33 960
21 609

Estimated living cost  is ₽45805 per week

₽33454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽596
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33501
₽37310
₽31421
₽25515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
3 674
social contributions
-
-
-
3 378
health
-
-
-
3 212
income
-
-
-
13 904
surtax
-
-
-
-
pensions
-
-
-
26 622
total
-
-
-
50 790
Employee
42 794
-
94 920
-
income
2 526
-
15 485
-
pensions
4 839
-
5 216
-
social contributions
1 220
-
2 706
-
surtax
-
-
-
-
total
8 585
-
23 407
-
Employer
42 794
-
94 920
-
pensions
7 030
-
9 027
-
other
1 476
-
3 275
-
health
2 996
-
7 143
-
unemployment
1 732
-
3 844
-
social contributions
129
-
285
-
total
13 363
-
23 574
-
Corporate
62 342
118 500
-
-
surtax
-
-
-
-
income
17 457
33 179
-
-
total
17 457
33 179
-
-
Dividends
44 886
85 321
-
-
surtax
-
-
-
-
social contributions
7 719
14 675
-
-
withholding
5 746
10 922
-
-
total
13 465
25 597
-
-
Income
118 500
118 500
118 500
118 500
Total tax
52 870
58 776
46 981
50 790
After tax
65 630
59 724
71 519
67 710
Living cost
34 209
34 209
34 209
34 209
Free-cash
31 421
25 515
37 310
33 501

Estimated living cost  is ₽34209 per week

₽21570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36890
₽40699
₽34456
₽28904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
3 674
social contributions
-
-
-
3 378
health
-
-
-
3 212
income
-
-
-
13 904
surtax
-
-
-
-
pensions
-
-
-
26 622
total
-
-
-
50 790
Employee
38 199
-
94 920
-
income
1 970
-
15 485
-
pensions
4 321
-
5 216
-
social contributions
1 089
-
2 706
-
surtax
-
-
-
-
total
7 380
-
23 407
-
Employer
38 199
-
94 920
-
pensions
6 277
-
9 027
-
other
1 319
-
3 275
-
health
2 674
-
7 143
-
unemployment
1 546
-
3 844
-
social contributions
114
-
285
-
total
11 930
-
23 574
-
Corporate
68 371
118 500
-
-
surtax
-
-
-
-
income
19 144
33 179
-
-
total
19 144
33 179
-
-
Dividends
49 228
85 321
-
-
surtax
-
-
-
-
social contributions
8 468
14 675
-
-
withholding
6 302
10 922
-
-
total
14 770
25 597
-
-
Income
118 500
118 500
118 500
118 500
Total tax
53 224
58 776
46 981
50 790
After tax
65 276
59 724
71 519
67 710
Living cost
30 820
30 820
30 820
30 820
Free-cash
34 456
28 904
40 699
36 890

Estimated living cost  is ₽30820 per week

₽17874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54899
₽54150
₽51615
₽51094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
16 352
health
-
-
-
8 271
income
-
-
-
17 776
total
-
-
-
42 399
Employee
33 902
-
118 500
-
income
5 654
-
18 525
-
social contributions
4 679
-
16 352
-
health
2 366
-
8 271
-
total
12 699
-
43 148
-
Employer
33 902
-
118 500
-
total
-
-
-
-
Corporate
84 598
118 500
-
-
income

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

4 229
5 926
-
-
total
4 229
5 926
-
-
Dividends
80 368
112 574
-
-
social contributions
11 091
15 535
-
-
health
5 609
7 857
-
-
withholding
12 055
16 886
-
-
total
28 755
40 278
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 683
46 204
43 148
42 399
After tax
72 817
72 296
75 352
76 101
Living cost
21 202
21 202
21 202
21 202
Free-cash
51 615
51 094
54 150
54 899

Estimated living cost  is ₽21202 per week

₽14189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23508
-₽1664
₽29336
₽30885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
chamber of commerce
-
-
-
474
unemployment
-
-
-
6 133
health
-
-
-
8 935
income
-
-
-
22 411
surtax
-
-
-
197
pensions
-
-
-
21 610
total
-
-
-
59 760
Employee
49 970
39 847
91 865
-
income
5 689
2 939
19 643
-
pensions
5 117
4 080
9 408
-
unemployment
1 499
1 195
2 755
-
health
1 934
1 543
3 556
-
other
499
398
918
-
total
14 738
10 155
36 280
-
Employer
49 970
39 847
91 865
-
pensions
6 271
5 002
11 529
-
other
2 374
1 892
4 364
-
accident
649
518
1 194
-
health
1 888
1 507
3 472
-
payroll
1 499
1 195
2 755
-
chamber of commerce
199
159
368
-
unemployment
1 499
1 195
2 755
-
surtax
197
197
197
-
total
14 576
11 665
26 634
-
Corporate
53 954
66 987
88 070
-
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.

13 489
16 747
22 018
-
total
13 489
16 747
22 018
-
Dividends
40 465
50 240
-
-
withholding
11 129
13 816
-
-
total
11 129
13 816
-
-
Income
118 500
118 500
118 500
118 500
Total tax
53 932
52 383
84 932
59 760
After tax
64 568
66 117
33 568
58 740
Living cost
35 232
35 232
35 232
35 232
Free-cash
29 336
30 885
-1 664
23 508

Estimated living cost  is ₽35232 per week

₽23498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3006
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17165
₽8476
₽14941
₽29937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
18 975
communal

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

-
-
-
5 971
national
-
-
-
39 932
total
-
-
-
64 878
Employee

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

71 523
-
91 780
-
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.

5 364
-
6 884
-
national
21 989
-
30 062
-
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.

622
-
799
-
communal

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

3 730
-
4 787
-
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.

3 360
-
4 313
-
total
35 065
-
46 845
-
Employer

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

71 523
-
91 780
-
pensions

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

6 338
-
8 133
-
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.

930
-
1 194
-
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.

4 398
-
5 645
-
unemployment

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

1 044
-
1 340
-
surtax
8 110
-
10 410
-
total
20 820
-
26 722
-
Corporate
26 158
118 500
-
-
surtax
104
474
-
-
income
5 231
23 699
-
-
total
5 335
24 173
-
-
Dividends
20 823
94 326
-
-
withholding

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

5 882
27 933
-
-
total
5 882
27 933
-
-
Income
118 500
118 500
118 500
118 500
Total tax
67 102
52 106
73 567
64 878
After tax
51 398
66 394
44 933
53 622
Living cost
36 457
36 457
36 457
36 457
Free-cash
14 941
29 937
8 476
17 165

Estimated living cost  is ₽36457 per week

₽23483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29185
₽25063
₽35724
₽43573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 401
pensions
-
-
-
26 227
total
-
-
-
53 205
Employee
49 772
-
89 852
-
income
10 502
-
22 977
-
pensions
2 340
-
4 224
-
unemployment
772
-
1 393
-
other
49
-
89
-
total
13 663
-
28 683
-
Employer
49 772
-
89 852
-
pensions
11 745
-
21 204
-
other
397
-
719
-
accident
985
-
1 780
-
unemployment
2 738
-
4 941
-
total
15 865
-
28 644
-
Corporate
52 863
118 500
-
-
income

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

7 930
17 776
-
-
total
7 930
17 776
-
-
Dividends
44 934
100 724
-
-
withholding
9 208
21 041
-
-
total
9 208
21 041
-
-
Income
118 500
118 500
118 500
118 500
Total tax
46 666
38 817
57 327
53 205
After tax
71 834
79 683
61 173
65 295
Living cost
36 110
36 110
36 110
36 110
Free-cash
35 724
43 573
25 063
29 185

Estimated living cost  is ₽36110 per week

₽26591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10669
₽15426
₽8346
₽17460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
accident
-
-
-
1 000
health
-
-
-
8 326
income
-
-
-
13 041
communal
-
-
-
7 489
surtax
-
-
-
5 875
pensions
-
-
-
17 762
total
-
-
-
53 493
Employee
75 721
-
105 851
-
income
7 314
-
16 422
-
pensions
6 057
-
8 468
-
health
3 370
-
4 710
-
surtax
4 641
-
6 487
-
total
21 382
-
36 087
-
Employer
75 721
-
105 851
-
pensions
6 057
-
8 468
-
accident
681
-
953
-
health
2 309
-
3 228
-
total
9 047
-
12 649
-
Corporate
33 732
118 500
-
-
communal
2 277
7 998
-
-
surtax
355
1 245
-
-
income
5 061
17 776
-
-
total
7 693
27 019
-
-
Dividends
26 040
91 482
-
-
withholding
3 907
13 723
-
-
income
13 787
5 960
-
-
total
17 694
19 683
-
-
Income
118 500
118 500
118 500
118 500
Total tax
55 816
46 702
48 736
53 493
After tax
62 684
71 798
69 764
65 007
Living cost
54 338
54 338
54 338
54 338
Free-cash
8 346
17 460
15 426
10 669

Estimated living cost  is ₽54338 per week

₽40762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35685
₽33738
₽48896
₽52079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 413
income
-
-
-
24 730
surtax
-
-
-
3 286
pensions
-
-
-
23 699
total
-
-
-
60 356
Employee
33 673
-
97 895
-
income
5 645
-
22 884
-
pensions
2 247
-
6 529
-
unemployment
2 343
-
6 814
-
health
860
-
2 495
-
other
-
-
-
-
surtax
120
-
2 977
-
total
11 215
-
41 699
-
Employer
33 673
-
97 895
-
pensions
4 489
-
13 049
-
other
-
-
-
-
health
1 531
-
4 453
-
unemployment
1 068
-
3 102
-
total
7 088
-
20 604
-
Corporate
77 738
118 500
-
-
income
20 212
30 809
-
-
total
20 212
30 809
-
-
Dividends
57 526
87 691
-
-
withholding
8 630
13 153
-
-
total
8 630
13 153
-
-
Income
118 500
118 500
118 500
118 500
Total tax
47 145
43 962
62 303
60 356
After tax
71 355
74 538
56 197
58 144
Living cost
22 459
22 459
22 459
22 459
Free-cash
48 896
52 079
33 738
35 685

Estimated living cost  is ₽22459 per week

₽13559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32130
₽26520
₽33131
₽35352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
30 479
municipal
-
-
-
704
national
-
-
-
26 466
regional
-
-
-
1 786
total
-
-
-
59 435
Employee
55 465
-
118 500
-
national
8 787
-
22 863
-
social contributions
18 703
-
39 959
-
municipal
294
-
628
-
regional
747
-
1 595
-
total
28 531
-
65 045
-
Employer
55 465
-
118 500
-
total
-
-
-
-
Corporate
63 035
118 500
-
-
nationa
15 129
28 439
-
-
municipal
3 133
5 890
-
-
total
18 262
34 329
-
-
Dividends
44 773
84 171
-
-
withholding
11 641
21 884
-
-
total
11 641
21 884
-
-
Income
118 500
118 500
118 500
118 500
Total tax
58 434
56 213
65 045
59 435
After tax
60 066
62 287
53 455
59 065
Living cost
26 935
26 935
26 935
26 935
Free-cash
33 131
35 352
26 520
32 130

Estimated living cost  is ₽26935 per week

₽16751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2729
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.
₽6994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28168
₽30546
₽41443
₽51998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
34 552
health
-
-
-
15 998
income
-
-
-
10 193
solidarity contribution
-
-
-
-
total
-
-
-
60 743
Employee
43 513
-
88 433
-
income
5 222
-
10 612
-
solidarity contribution
-
-
-
-
social contributions
2 828
-
5 748
-
health
5 874
-
11 938
-
total
13 924
-
28 298
-
Employer
43 513
-
88 433
-
health
3 916
-
7 959
-
social contributions
10 878
-
22 108
-
total
14 794
-
30 067
-
Corporate
60 193
118 500
-
-
income
11 437
22 515
-
-
total
11 437
22 515
-
-
Dividends
48 756
95 985
-
-
withholding
7 313
14 398
-
-
total
7 313
14 398
-
-
Income
118 500
118 500
118 500
118 500
Total tax
47 468
36 913
58 365
60 743
After tax
71 032
81 587
60 135
57 757
Living cost
29 589
29 589
29 589
29 589
Free-cash
41 443
51 998
30 546
28 168

Estimated living cost  is ₽29589 per week

₽22004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27037
₽1703
₽33828
₽34324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
chamber of commerce
-
-
-
474
unemployment
-
-
-
6 133
health
-
-
-
8 935
income
-
-
-
22 411
surtax
-
-
-
-
pensions
-
-
-
21 610
total
-
-
-
59 563
Employee
43 708
39 847
92 019
-
income
3 894
2 939
19 694
-
pensions
4 476
4 080
9 423
-
unemployment
1 311
1 195
2 761
-
health
1 691
1 543
3 562
-
other
436
398
920
-
total
11 808
10 155
36 360
-
Employer
43 708
39 847
92 019
-
pensions
5 486
5 002
11 548
-
other
2 076
1 892
4 370
-
accident
567
518
1 195
-
health
1 653
1 507
3 478
-
payroll
1 311
1 195
2 761
-
chamber of commerce
175
159
368
-
unemployment
1 311
1 195
2 761
-
surtax
-
-
-
-
total
12 579
11 468
26 481
-
Corporate
62 214
67 185
88 224
-
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.

15 554
16 796
22 056
-
total
15 554
16 796
22 056
-
Dividends
46 660
50 388
-
-
withholding
12 831
13 857
-
-
total
12 831
13 857
-
-
Income
118 500
118 500
118 500
118 500
Total tax
52 772
52 276
84 897
59 563
After tax
65 728
66 224
33 603
58 937
Living cost
31 900
31 900
31 900
31 900
Free-cash
33 828
34 324
1 703
27 037

Estimated living cost  is ₽31900 per week

₽19136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3258
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.
₽8937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103274
₽80759
₽95900
₽98534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
118 500
microenterprise

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

-
-
-
1 185
total
-
-
-
1 185
Employee
17 552
-
118 500
-
income
3 511
-
23 700
-
total
3 511
-
23 700
-
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%.

100 948
118 500
-
-
total
-
-
-
-
Dividends
100 948
118 500
-
-
withholding
5 048
5 925
-
-
total
5 048
5 925
-
-
Income
118 500
118 500
118 500
118 500
Total tax
8 559
5 925
23 700
1 185
After tax
109 941
112 575
94 800
117 315
Living cost
14 041
14 041
14 041
14 041
Free-cash
95 900
98 534
80 759
103 274

Estimated living cost  is ₽14041 per week

₽9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33678
₽30283
₽46403
₽54768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
unemployment
-
-
-
178
health
-
-
-
11 662
income
-
-
-
24 522
pensions
-
-
-
21 641
total
-
-
-
58 003
Employee

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

44 215
-
102 537
-
income
7 625
-
22 773
-
pensions
6 854
-
15 893
-
unemployment
63
-
144
-
health
2 856
-
6 624
-
total
17 398
-
45 434
-
Employer

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

44 215
-
102 537
-
pensions
3 913
-
9 074
-
health
2 945
-
6 829
-
unemployment
27
-
61
-
total
6 885
-
15 964
-
Corporate
67 401
118 500
-
-
income
12 806
22 515
-
-
total
12 806
22 515
-
-
Dividends
54 595
95 985
-
-
withholding
8 189
14 398
-
-
total
8 189
14 398
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 278
36 913
61 398
58 003
After tax
73 222
81 587
57 102
60 497
Living cost
26 819
26 819
26 819
26 819
Free-cash
46 403
54 768
30 283
33 678

Estimated living cost  is ₽26819 per week

₽18406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38853
₽62338
-₽30230
₽29055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
13 509
income
-
-
-
23 098
total
-
-
-
36 607
Employee
61 714
-
-
-
income
13 613
-
-
-
social contributions
5 061
-
721
-
total
18 674
-
721
-
Employer
61 714
-
-
-
social contributions
87 016
-
12 401
-
total
87 016
-
12 401
-
Corporate
-
118 500
-
-
income
-
26 070
-
-
total
-
26 070
-
-
Dividends
-
92 430
-
-
income
-
20 335
-
-
total
-
20 335
-
-
Income
118 500
118 500
118 500
118 500
Total tax
105 690
46 405
13 122
36 607
After tax
12 810
72 095
105 378
81 893
Living cost
43 040
43 040
43 040
43 040
Free-cash
-30 230
29 055
62 338
38 853

Estimated living cost  is ₽43040 per week

₽27926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34018
₽26813
₽35034
₽36040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
social contributions

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

-
-
-
41 179
income
-
-
-
11 940
surtax
-
-
-
-
total
-
-
-
53 119
Employee
45 987
-
95 757
-
income
9 565
-
27 048
-
social contributions
5 059
-
10 533
-
surtax
-
-
-
-
total
14 624
-
37 581
-
Employer
45 987
-
95 757
-
social contributions
10 922
-
22 743
-
total
10 922
-
22 743
-
Corporate
61 591
118 500
-
-
surtax
-
-
-
-
income
12 933
24 885
-
-
total
12 933
24 885
-
-
Dividends
48 658
93 615
-
-
withholding
13 624
26 212
-
-
total
13 624
26 212
-
-
Income
118 500
118 500
118 500
118 500
Total tax
52 103
51 097
60 324
53 119
After tax
66 397
67 403
58 176
65 381
Living cost
31 363
31 363
31 363
31 363
Free-cash
35 034
36 040
26 813
34 018

Estimated living cost  is ₽31363 per week

₽23466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19417
₽23226
₽18302
₽11431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
3 674
social contributions
-
-
-
3 378
health
-
-
-
3 212
income
-
-
-
13 904
surtax
-
-
-
-
pensions
-
-
-
26 622
total
-
-
-
50 790
Employee
62 625
-
94 920
-
income
5 464
-
15 485
-
pensions
7 083
-
5 216
-
social contributions
1 784
-
2 706
-
surtax
-
-
-
-
total
14 331
-
23 407
-
Employer
62 625
-
94 920
-
pensions
10 290
-
9 027
-
other
2 161
-
3 275
-
health
4 383
-
7 143
-
unemployment
2 537
-
3 844
-
social contributions
188
-
285
-
total
19 559
-
23 574
-
Corporate
36 316
118 500
-
-
surtax
-
-
-
-
income
10 169
33 179
-
-
total
10 169
33 179
-
-
Dividends
26 147
85 321
-
-
surtax
-
-
-
-
social contributions
4 499
14 675
-
-
withholding
3 347
10 922
-
-
total
7 846
25 597
-
-
Income
118 500
118 500
118 500
118 500
Total tax
51 905
58 776
46 981
50 790
After tax
66 595
59 724
71 519
67 710
Living cost
48 293
48 293
48 293
48 293
Free-cash
18 302
11 431
23 226
19 417

Estimated living cost  is ₽48293 per week

₽32684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽662
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59204
₽62351
₽73236
₽76594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
26 069
income
-
-
-
3 171
total
-
-
-
29 240
Employee
32 145
-
102 597
-
social contributions
2 089
-
6 668
-
income
-
-
3 522
-
total
2 089
-
10 190
-
Employer
32 145
-
102 597
-
social contributions
4 983
-
15 903
-
total
4 983
-
15 903
-
Corporate
81 372
118 500
-
-
income
8 136
11 850
-
-
total
8 136
11 850
-
-
Dividends
73 236
106 650
-
-
total
-
-
-
-
Income
118 500
118 500
118 500
118 500
Total tax
15 208
11 850
26 093
29 240
After tax
103 292
106 650
92 407
89 260
Living cost
30 056
30 056
30 056
30 056
Free-cash
73 236
76 594
62 351
59 204

Estimated living cost  is ₽30056 per week

₽19434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2266
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24232
-₽99424
-₽99424
-₽99424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
municipal
-
-
-
22 971
national
-
-
-
12 849
labour market
-
-
-
9 411
pensions
-
-
-
867
total
-
-
-
46 098
Employee
203 314
203 314
203 314
-
labour market
16 242
16 242
16 242
-
pensions
289
289
289
-
national
24 839
24 839
24 839
-
municipal
43 295
43 295
43 295
-
total
84 665
84 665
84 665
-
Employer
203 314
203 314
203 314
-
pensions
578
578
578
-
municipal
43 364
43 364
43 364
-
national
24 882
24 882
24 882
-
labour market
16 265
16 265
16 265
-
total
85 089
85 089
85 089
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
118 500
118 500
118 500
118 500
Total tax
169 754
169 754
169 754
46 098
After tax
-51 254
-51 254
-51 254
72 402
Living cost
48 170
48 170
48 170
48 170
Free-cash
-99 424
-99 424
-99 424
24 232

Estimated living cost  is ₽48170 per week

₽32968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4261
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.
₽10200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59621
₽40775
₽6287
-₽11992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 350
pensions
-
-
-
4 145
total
-
-
-
37 288
Employee
33 964
-
103 271
-
income
4 659
-
21 482
-
pensions
3 825
-
7 599
-
health
3 889
-
11 824
-
total
12 373
-
40 905
-
Employer
33 964
-
103 271
-
pensions
5 522
-
10 974
-
accident
567
-
1 725
-
unemployment
832
-
2 530
-
total
6 921
-
15 229
-
Corporate
77 615
118 500
-
-
income

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

69 853
106 650
-
-
total
69 853
106 650
-
-
Dividends
7 762
11 850
-
-
withholding
1 475
2 251
-
-
total
1 475
2 251
-
-
Income
118 500
118 500
118 500
118 500
Total tax
90 622
108 901
56 134
37 288
After tax
27 878
9 599
62 366
81 212
Living cost
21 591
21 591
21 591
21 591
Free-cash
6 287
-11 992
40 775
59 621

Estimated living cost  is ₽21591 per week

₽15716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1231
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.
₽4239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43685
₽27440
₽38720
₽38989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
118 500
municipal
-
-
-
21 077
health
-
-
-
1 408
national
-
-
-
13 942
total
-
-
-
36 427
Employee
52 606
-
99 688
-
pensions
3 550
-
6 728
-
national
869
-
8 257
-
municipal
8 616
-
16 263
-
unemployment
789
-
1 495
-
health
393
-
1 118
-
total
14 217
-
33 861
-
Employer
52 606
-
99 688
-
pensions
9 127
-
17 295
-
accident
53
-
101
-
health
404
-
768
-
unemployment
342
-
647
-
total
9 926
-
18 811
-
Corporate
55 968
118 500
-
-
income
11 193
23 699
-
-
total
11 193
23 699
-
-
Dividends

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

33 581
71 100
-
-
municipal
6 045
12 798
-
-
national
11
4 626
-
-
total
6 056
17 424
-
-
Income
118 500
118 500
118 500
118 500
Total tax
41 392
41 123
52 672
36 427
After tax
77 108
77 377
65 828
82 073
Living cost
38 388
38 388
38 388
38 388
Free-cash
38 720
38 989
27 440
43 685

Estimated living cost  is ₽38388 per week

₽25075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽60001
₽58712
₽58043
₽63487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
16 178
health
-
-
-
3 023
income
-
-
-
16 148
total
-
-
-
35 349
Employee
76 887
76 887
107 897
-
income
8 372
7 117
15 593
-
social contributions
2 907
6 381
8 607
-
health
596
1 307
1 835
-
total
11 875
14 805
26 035
-
Employer
76 887
76 887
107 897
-
health
647
1 423
1 996
-
social contributions
2 907
6 381
8 607
-
total
3 554
7 804
10 603
-
Corporate
79 921
33 809
-
-
income
9 990
4 226
-
-
total
9 990
4 226
-
-
Dividends
69 931
29 583
-
-
withholding
11 888
5 028
-
-
total
11 888
5 028
-
-
Income
118 500
118 500
118 500
118 500
Total tax
37 307
31 863
36 638
35 349
After tax
81 193
86 637
81 862
83 151
Living cost
23 150
23 150
23 150
23 150
Free-cash
58 043
63 487
58 712
60 001

Estimated living cost  is ₽23150 per week

₽13874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81039
₽60982
₽77167
₽82253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
118 500
unemployment
-
-
-
28
health
-
-
-
3 618
income
-
-
-
11 580
pensions
-
-
-
6 360
total
-
-
-
21 586
Employee

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

22 951
-
108 728
-
income
1 569
-
9 102
-
pensions
3 442
-
14 231
-
unemployment
114
-
474
-
health
1 951
-
8 064
-
total
7 076
-
31 871
-
Employer

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

22 951
-
108 728
-
pensions
1 262
-
5 218
-
health
987
-
4 080
-
unemployment
114
-
474
-
total
2 363
-
9 772
-
Corporate
93 187
118 500
-
-
income
8 387
10 666
-
-
total
8 387
10 666
-
-
Dividends
84 800
107 834
-
-
withholding
7 632
9 706
-
-
total
7 632
9 706
-
-
Income
118 500
118 500
118 500
118 500
Total tax
25 458
20 372
41 643
21 586
After tax
93 042
98 128
76 857
96 914
Living cost
15 875
15 875
15 875
15 875
Free-cash
77 167
82 253
60 982
81 039

Estimated living cost  is ₽15875 per week

₽10129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37799
₽33677
₽47059
₽52187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 401
pensions
-
-
-
26 227
total
-
-
-
53 205
Employee
36 972
-
89 852
-
income
7 128
-
22 977
-
pensions
1 738
-
4 224
-
unemployment
573
-
1 393
-
other
36
-
89
-
total
9 475
-
28 683
-
Employer
36 972
-
89 852
-
pensions
8 725
-
21 204
-
other
296
-
719
-
accident
732
-
1 780
-
unemployment
2 034
-
4 941
-
total
11 787
-
28 644
-
Corporate
69 741
118 500
-
-
income

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

10 461
17 776
-
-
total
10 461
17 776
-
-
Dividends
59 280
100 724
-
-
withholding
12 222
21 041
-
-
total
12 222
21 041
-
-
Income
118 500
118 500
118 500
118 500
Total tax
43 945
38 817
57 327
53 205
After tax
74 555
79 683
61 173
65 295
Living cost
27 496
27 496
27 496
27 496
Free-cash
47 059
52 187
33 677
37 799

Estimated living cost  is ₽27496 per week

₽18559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72679
₽72483
₽70756
₽71206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
health
-
-
-
1 448
income
-
-
-
39 638
pensions
-
-
-
1 997
total
-
-
-
43 083
Employee
4 171
-
116 253
-
income
807
-
39 533
-
pensions
375
-
899
-
unemployment
42
-
100
-
health
209
-
499
-
total
1 433
-
41 031
-
Employer
4 171
-
116 253
-
pensions
459
-
1 099
-
health
396
-
949
-
unemployment
83
-
200
-
total
938
-
2 248
-
Corporate
113 391
118 500
-
-
income
24 946
26 070
-
-
total
24 946
26 070
-
-
Dividends
88 445
92 430
-
-
withholding
17 689
18 486
-
-
total
17 689
18 486
-
-
Income
118 500
118 500
118 500
118 500
Total tax
45 006
44 556
43 279
43 083
After tax
73 494
73 944
75 221
75 417
Living cost
2 738
2 738
2 738
2 738
Free-cash
70 756
71 206
72 483
72 679

Estimated living cost  is ₽2738 per week

₽1627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47825
₽47825
₽63403
₽68323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
unemployment
-
-
-
1 108
health
-
-
-
7 612
income
-
-
-
25 448
pensions
-
-
-
19 214
total
-
-
-
53 382
Employee

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

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

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

26 076
-
105 272
-
income
3 594
-
25 448
-
pensions
3 651
-
10 346
-
unemployment
196
-
554
-
health
1 343
-
3 806
-
total
8 784
-
40 154
-
Employer

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

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

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

26 076
-
105 272
-
pensions
3 129
-
8 868
-
health
1 343
-
3 806
-
unemployment
196
-
554
-
total
4 668
-
13 228
-
Corporate
87 756
118 500
-
-
income
13 163
17 775
-
-
total
13 163
17 775
-
-
Dividends
74 593
100 725
-
-
withholding
11 189
15 109
-
-
total
11 189
15 109
-
-
Income
118 500
118 500
118 500
118 500
Total tax
37 804
32 884
53 382
53 382
After tax
80 696
85 616
65 118
65 118
Living cost
17 293
17 293
17 293
17 293
Free-cash
63 403
68 323
47 825
47 825

Estimated living cost  is ₽17293 per week

₽11643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1338
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.
₽3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38425
₽31220
₽40086
₽40447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
social contributions

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

-
-
-
41 179
income
-
-
-
11 940
surtax
-
-
-
-
total
-
-
-
53 119
Employee
38 808
-
95 757
-
income
7 583
-
27 048
-
social contributions
4 269
-
10 533
-
surtax
-
-
-
-
total
11 852
-
37 581
-
Employer
38 808
-
95 757
-
social contributions
9 216
-
22 743
-
total
9 216
-
22 743
-
Corporate
70 476
118 500
-
-
surtax
-
-
-
-
income
14 800
24 885
-
-
total
14 800
24 885
-
-
Dividends
55 676
93 615
-
-
withholding
15 590
26 212
-
-
total
15 590
26 212
-
-
Income
118 500
118 500
118 500
118 500
Total tax
51 458
51 097
60 324
53 119
After tax
67 042
67 403
58 176
65 381
Living cost
26 956
26 956
26 956
26 956
Free-cash
40 086
40 447
31 220
38 425

Estimated living cost  is ₽26956 per week

₽19092
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.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30155
₽26033
₽37035
₽44543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 401
pensions
-
-
-
26 227
total
-
-
-
53 205
Employee
48 290
-
89 852
-
income
10 086
-
22 977
-
pensions
2 269
-
4 224
-
unemployment
748
-
1 393
-
other
47
-
89
-
total
13 150
-
28 683
-
Employer
48 290
-
89 852
-
pensions
11 396
-
21 204
-
other
387
-
719
-
accident
956
-
1 780
-
unemployment
2 656
-
4 941
-
total
15 395
-
28 644
-
Corporate
54 814
118 500
-
-
income

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

8 222
17 776
-
-
total
8 222
17 776
-
-
Dividends
46 592
100 724
-
-
withholding
9 558
21 041
-
-
total
9 558
21 041
-
-
Income
118 500
118 500
118 500
118 500
Total tax
46 325
38 817
57 327
53 205
After tax
72 175
79 683
61 173
65 295
Living cost
35 140
35 140
35 140
35 140
Free-cash
37 035
44 543
26 033
30 155

Estimated living cost  is ₽35140 per week

₽25236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2732
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.
₽6677
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74204
₽78231
₽78028
₽84121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
unemployment
-
-
-
140
health
-
-
-
4 016
income
-
-
-
17 775
pensions

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

-
-
-
5 168
total
-
-
-
27 099
Employee
22 772
-
111 649
-
income
2 278
-
11 165
-
pensions

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

1 999
-
3 066
-
health
1 048
-
1 606
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
total
5 575
-
16 221
-
Employer
22 772
-
111 649
-
pensions

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

2 509
-
3 848
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
health
1 571
-
2 409
-
unemployment
137
-
210
-
total
4 467
-
6 851
-
Corporate
91 260
118 500
-
-
income
9 126
11 850
-
-
total
9 126
11 850
-
-
Dividends
82 135
106 650
-
-
withholding
4 107
5 332
-
-
total
4 107
5 332
-
-
Income
118 500
118 500
118 500
118 500
Total tax
23 275
17 182
23 072
27 099
After tax
95 225
101 318
95 428
91 401
Living cost
17 197
17 197
17 197
17 197
Free-cash
78 028
84 121
78 231
74 204

Estimated living cost  is ₽17197 per week

₽11374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30828
₽41162
₽35558
₽22478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
trade
-
-
-
10 334
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.

-
-
-
6 831
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.

-
-
-
30 240
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.

-
-
-
1 664
total
-
-
-
49 069
Employee

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

49 751
-
118 500
-
surtax

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

226
-
1 664
-
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.

4 091
-
30 240
-
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.

6 831
-
6 831
-
total
11 148
-
38 735
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 749
118 500
-
-
trade
9 865
17 005
-
-
surtax

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

567
977
-
-
income
10 313
17 776
-
-
chamber of commerce
252
326
-
-
total
20 997
36 084
-
-
Dividends
47 752
82 416
-
-
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.

636
1 112
-
-
withholding
11 558
20 223
-
-
total
12 194
21 335
-
-
Income
118 500
118 500
118 500
118 500
Total tax
44 339
57 419
38 735
49 069
After tax
74 161
61 081
79 765
69 431
Living cost
38 603
38 603
38 603
38 603
Free-cash
35 558
22 478
41 162
30 828

Estimated living cost  is ₽38603 per week

₽26629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19740
₽19740
₽28198
₽25993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
10 928
income
-
-
-
30 874
total
-
-
-
41 802
Employee
78 213
-
118 500
-
social contributions
6 498
-
10 928
-
income
14 759
-
30 874
-
total
21 257
-
41 802
-
Employer
78 213
-
118 500
-
total
-
-
-
-
Corporate
40 287
118 500
-
-
income
5 036
14 812
-
-
total
5 036
14 812
-
-
Dividends
35 251
103 688
-
-
withholding
7 051
20 737
-
-
total
7 051
20 737
-
-
Income
118 500
118 500
118 500
118 500
Total tax
33 344
35 549
41 802
41 802
After tax
85 156
82 951
76 698
76 698
Living cost
56 958
56 958
56 958
56 958
Free-cash
28 198
25 993
19 740
19 740

Estimated living cost  is ₽56958 per week

₽43333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47067
₽51022
₽38939
₽35446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
health

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

-
-
-
6 675
income
-
-
-
28 462
total
-
-
-
35 137
Employee
45 869
-
113 901
-
social contributions
4 596
-
4 599
-
income
4 977
-
21 984
-
total
9 573
-
26 583
-
Employer
45 869
-
113 901
-
social contributions
4 596
-
4 599
-
total
4 596
-
4 599
-
Corporate
68 035
118 500
-
-
income
23 813
41 475
-
-
total
23 813
41 475
-
-
Dividends
44 222
77 025
-
-
social contributions
5 283
5 283
-
-
total
5 283
5 283
-
-
Income
118 500
118 500
118 500
118 500
Total tax
43 265
46 758
31 182
35 137
After tax
75 235
71 742
87 318
83 363
Living cost
36 296
36 296
36 296
36 296
Free-cash
38 939
35 446
51 022
47 067

Estimated living cost  is ₽36296 per week

₽23908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45633
₽34581
₽45760
₽46539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
income
-
-
-
27 641
pensions
-
-
-
7 874
total
-
-
-
35 515
Employee
51 271
-
104 058
-
income
9 337
-
20 273
-
pensions
3 913
-
10 115
-
health
669
-
1 737
-
total
13 919
-
32 125
-
Employer
51 271
-
104 058
-
pensions
5 180
-
12 464
-
health
974
-
1 978
-
total
6 154
-
14 442
-
Corporate
61 074
118 500
-
-
income

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

11 605
22 514
-
-
total
11 605
22 514
-
-
Dividends
49 470
95 986
-
-
withholding
3 710
12 095
-
-
total
3 710
12 095
-
-
Income
118 500
118 500
118 500
118 500
Total tax
35 388
34 609
46 567
35 515
After tax
83 112
83 891
71 933
82 985
Living cost
37 352
37 352
37 352
37 352
Free-cash
45 760
46 539
34 581
45 633

Estimated living cost  is ₽37352 per week

₽25623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽57484
₽38638
₽5959
-₽14129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 350
pensions
-
-
-
4 145
total
-
-
-
37 288
Employee
37 325
-
103 271
-
income
5 121
-
21 482
-
pensions
4 203
-
7 599
-
health
4 274
-
11 824
-
total
13 598
-
40 905
-
Employer
37 325
-
103 271
-
pensions
6 069
-
10 974
-
accident
623
-
1 725
-
unemployment
914
-
2 530
-
total
7 606
-
15 229
-
Corporate
73 568
118 500
-
-
income

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

66 211
106 650
-
-
total
66 211
106 650
-
-
Dividends
7 357
11 850
-
-
withholding
1 398
2 251
-
-
total
1 398
2 251
-
-
Income
118 500
118 500
118 500
118 500
Total tax
88 813
108 901
56 134
37 288
After tax
29 687
9 599
62 366
81 212
Living cost
23 728
23 728
23 728
23 728
Free-cash
5 959
-14 129
38 638
57 484

Estimated living cost  is ₽23728 per week

₽17414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53744
₽64353
₽81541
₽86217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
118 500
work injury
-
-
-
593
unemployment
-
-
-
1 422
income
-
-
-
18 667
health insurance
-
-
-
8 769
pensions
-
-
-
21 804
total
-
-
-
51 255
Employee

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

21 601
-
118 500
-
income
2 160
-
18 667
-
work injury
108
-
400
-
pensions
3 975
-
14 706
-
unemployment
259
-
959
-
health insurance
1 598
-
5 914
-
total
8 100
-
40 646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96 899
118 500
-
-
income

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

969
1 185
-
-
total
969
1 185
-
-
Dividends
95 930
117 315
-
-
withholding
14 389
17 597
-
-
total
14 389
17 597
-
-
Income
118 500
118 500
118 500
118 500
Total tax
23 458
18 782
40 646
51 255
After tax
95 042
99 718
77 854
67 245
Living cost
13 501
13 501
13 501
13 501
Free-cash
81 541
86 217
64 353
53 744

Estimated living cost  is ₽13501 per week

₽8364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽421
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽18393
₽12973
₽18035
₽22586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
118 500
social contributions
-
-
-
30 479
municipal
-
-
-
791
national
-
-
-
26 466
regional
-
-
-
2 538
total
-
-
-
60 274
Employee
84 257
-
118 500
-
national
14 239
-
22 863
-
social contributions
28 411
-
39 959
-
municipal
503
-
708
-
regional
1 272
-
2 164
-
total
44 425
-
65 694
-
Employer
84 257
-
118 500
-
total
-
-
-
-
Corporate
34 243
118 500
-
-
nationa
8 218
28 439
-
-
municipal
1 651
5 711
-
-
total
9 869
34 150
-
-
Dividends
24 374
84 349
-
-
withholding
6 338
21 931
-
-
total
6 338
21 931
-
-
Income
118 500
118 500
118 500
118 500
Total tax
60 632
56 081
65 694
60 274
After tax
57 868
62 419
52 806
58 226
Living cost
39 833
39 833
39 833
39 833
Free-cash
18 035
22 586
12 973
18 393

Estimated living cost  is ₽39833 per week

₽27980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2740
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.
₽8510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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