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
₽ 120000
per

Your estimated
City
free-cash

Dresden , Germany
₽38739
₽50318
₽41392
₽30332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
trade
-
-
-
11 579
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.

-
-
-
6 830
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.

-
-
-
30 871
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.

-
-
-
1 698
total
-
-
-
50 978
Employee

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

38 240
-
120 000
-
surtax

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

59
-
1 698
-
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
-
30 871
-
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.

6 830
-
6 830
-
total
7 957
-
39 399
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
81 760
120 000
-
-
trade
12 877
18 901
-
-
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.

675
990
-
-
income
12 264
18 000
-
-
chamber of commerce
269
324
-
-
total
26 085
38 215
-
-
Dividends
55 674
81 785
-
-
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.

744
1 104
-
-
withholding
13 539
20 066
-
-
total
14 283
21 170
-
-
Income
120 000
120 000
120 000
120 000
Total tax
48 325
59 385
39 399
50 978
After tax
71 675
60 615
80 601
69 022
Living cost
30 283
30 283
30 283
30 283
Free-cash
41 392
30 332
50 318
38 739

Estimated living cost  is ₽30283 per week

₽19049
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
₽21343
₽22284
₽23592
₽24431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
1 290
municipal
-
-
-
12 754
national
-
-
-
19 764
pensions
-
-
-
14 400
total
-
-
-
48 208
Employee
78 206
-
103 739
-
pensions
3 128
-
4 150
-
national
14 969
-
20 484
-
municipal
9 660
-
13 219
-
total
27 757
-
37 853
-
Employer
78 206
-
103 739
-
pensions
6 256
-
8 299
-
social contributions
841
-
1 115
-
total
7 097
-
9 414
-
Corporate
29 536
120 000
-
-
income

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

5 907
24 000
-
-
total
5 907
24 000
-
-
Dividends
23 628
96 000
-
-
withholding
5 198
21 120
-
-
total
5 198
21 120
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 959
45 120
47 267
48 208
After tax
74 041
74 880
72 733
71 792
Living cost
50 449
50 449
50 449
50 449
Free-cash
23 592
24 431
22 284
21 343

Estimated living cost  is ₽50449 per week

₽34290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4690
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.
₽10715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12643
₽46609
₽67000
₽75199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
social contributions

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

-
-
-
38 306
income
-
-
-
17 652
microenterprise
-
-
-
-
surtax
-
-
-
30 599
total
-
-
-
86 557
Employee
29 214
-
96 703
-
income
5 200
-
18 656
-
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
-
10 638
-
surtax
-
-
-
-
total
8 414
-
29 294
-
Employer
29 214
-
96 703
-
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.

7 037
-
23 297
-
surtax
-
-
-
-
total
7 037
-
23 297
-
Corporate
83 749
120 000
-
-
income

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

16 749
24 001
-
-
total
16 749
24 001
-
-
Dividends

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

67 000
95 999
-
-
total
-
-
-
-
Income
120 000
120 000
120 000
120 000
Total tax
32 200
24 001
52 591
86 557
After tax
87 800
95 999
67 409
33 443
Living cost
20 800
20 800
20 800
20 800
Free-cash
67 000
75 199
46 609
12 643

Estimated living cost  is ₽20800 per week

₽13270
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.
₽5077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26910
₽22446
₽10567
₽16691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
health
-
-
-
12 329
income
-
-
-
27 165
pensions
-
-
-
11 714
total
-
-
-
51 208
Employee
85 378
85 378
102 118
-
income

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

13 975
13 975
13 975
-
pensions
15 368
11 714
11 714
-
health
13 105
11 147
12 101
-
total
42 448
36 836
37 790
-
Employer
85 378
85 378
102 118
-
pensions
5 942
5 942
7 107
-
health
5 935
5 935
7 098
-
unemployment
3 074
3 074
3 677
-
total
14 951
14 951
17 882
-
Corporate
20 719
19 672
-
-
income
4 144
3 935
-
-
total
4 144
3 935
-
-
Dividends
16 575
15 737
-
-
withholding
2 485
2 360
-
-
income
3 523
3 345
-
-
total
6 008
5 705
-
-
Income
120 000
120 000
120 000
120 000
Total tax
67 551
61 427
55 672
51 208
After tax
52 449
58 573
64 328
68 792
Living cost
41 882
41 882
41 882
41 882
Free-cash
10 567
16 691
22 446
26 910

Estimated living cost  is ₽41882 per week

₽29681
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.
₽7760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25427
₽24390
₽26202
₽27066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
9 793
unemployment
-
-
-
84
accident
-
-
-
168
municipal
-
-
-
28 503
health
-
-
-
5 259
national
-
-
-
3 202
pensions
-
-
-
9 110
total
-
-
-
56 119
Employee
54 793
-
93 520
-
national
-
-
2 789
-
municipal
16 339
-
27 888
-
total
16 339
-
30 677
-
Employer
54 793
-
93 520
-
pensions
5 923
-
9 110
-
other
6 367
-
9 793
-
accident
110
-
168
-
health
3 370
-
5 183
-
unemployment
1 447
-
2 225
-
total
17 217
-
26 479
-
Corporate
47 991
120 000
-
-
income
10 558
26 400
-
-
total
10 558
26 400
-
-
Dividends
37 433
93 600
-
-
withholding
11 230
28 080
-
-
total
11 230
28 080
-
-
Income
120 000
120 000
120 000
120 000
Total tax
55 344
54 480
57 156
56 119
After tax
64 656
65 520
62 844
63 881
Living cost
38 454
38 454
38 454
38 454
Free-cash
26 202
27 066
24 390
25 427

Estimated living cost  is ₽38454 per week

₽25486
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.
₽8611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29232
₽41325
₽34773
₽20722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
trade
-
-
-
12 093
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.

-
-
-
6 830
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.

-
-
-
30 871
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.

-
-
-
1 698
total
-
-
-
51 492
Employee

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

50 701
-
120 000
-
surtax

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

239
-
1 698
-
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.

4 356
-
30 871
-
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.

6 830
-
6 830
-
total
11 425
-
39 399
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 299
120 000
-
-
trade
11 399
19 739
-
-
surtax

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

571
990
-
-
income
10 395
18 000
-
-
chamber of commerce
250
323
-
-
total
22 615
39 052
-
-
Dividends
46 683
80 948
-
-
surtax

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

620
1 093
-
-
withholding
11 291
19 857
-
-
total
11 911
20 950
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 951
60 002
39 399
51 492
After tax
74 049
59 998
80 601
68 508
Living cost
39 276
39 276
39 276
39 276
Free-cash
34 773
20 722
41 325
29 232

Estimated living cost  is ₽39276 per week

₽26268
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.
₽8280
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51748
₽50448
₽51149
₽55294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
16 176
health
-
-
-
3 060
income
-
-
-
16 588
total
-
-
-
35 824
Employee
76 879
76 879
109 371
-
income
8 073
7 117
16 030
-
social contributions
3 736
6 381
8 606
-
health
765
1 307
1 859
-
total
12 574
14 805
26 495
-
Employer
76 879
76 879
109 371
-
health
833
1 423
2 023
-
social contributions
3 736
6 381
8 606
-
total
4 569
7 804
10 629
-
Corporate
70 430
35 318
-
-
income
8 803
4 415
-
-
total
8 803
4 415
-
-
Dividends
61 627
30 903
-
-
withholding
10 477
5 254
-
-
total
10 477
5 254
-
-
Income
120 000
120 000
120 000
120 000
Total tax
36 423
32 278
37 124
35 824
After tax
83 577
87 722
82 876
84 176
Living cost
32 428
32 428
32 428
32 428
Free-cash
51 149
55 294
50 448
51 748

Estimated living cost  is ₽32428 per week

₽22168
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.
₽7183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64895
₽51330
₽49674
₽49294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
unemployment
-
-
-
1 800
health
-
-
-
8 400
income
-
-
-
14 670
pensions
-
-
-
12 000
total
-
-
-
36 870
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
100 418
-
income
3 218
1 281
12 276
-
pensions
2 632
1 048
10 042
-
unemployment
395
157
1 506
-
health
1 843
733
7 029
-
total
8 088
3 219
30 853
-
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
100 418
-
pensions
5 133
2 043
19 582
-
total
5 133
2 043
19 582
-
Corporate
88 544
107 481
-
-
income
7 969
9 673
-
-
total
7 969
9 673
-
-
Dividends
80 575
97 808
-
-
social contributions
15 592
18 953
-
-
withholding
15 309
18 583
-
-
total
30 901
37 536
-
-
Income
120 000
120 000
120 000
120 000
Total tax
52 091
52 471
50 435
36 870
After tax
67 909
67 529
69 565
83 130
Living cost
18 235
18 235
18 235
18 235
Free-cash
49 674
49 294
51 330
64 895

Estimated living cost  is ₽18235 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
₽40172
₽45020
₽65641
₽71850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
health
-
-
-
15 599
income
-
-
-
16 079
pensions
-
-
-
24 001
total
-
-
-
55 679
Employee
28 362
-
89 687
-
income
3 193
-
17 292
-
pensions
567
-
1 793
-
unemployment
453
-
1 434
-
total
4 213
-
20 519
-
Employer
28 362
-
89 687
-
pensions
5 673
-
17 937
-
health
3 686
-
11 659
-
unemployment
228
-
717
-
total
9 587
-
30 313
-
Corporate
82 051
120 000
-
-
income
16 410
24 001
-
-
total
16 410
24 001
-
-
Dividends
65 641
95 999
-
-
total
-
-
-
-
Income
120 000
120 000
120 000
120 000
Total tax
30 210
24 001
50 832
55 679
After tax
89 790
95 999
69 168
64 321
Living cost
24 148
24 148
24 148
24 148
Free-cash
65 641
71 850
45 020
40 172

Estimated living cost  is ₽24148 per week

₽16563
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.
₽5661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60318
₽41319
₽6359
-₽12194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 830
pensions
-
-
-
4 145
total
-
-
-
37 768
Employee
34 472
-
104 712
-
income
4 729
-
21 890
-
pensions
3 882
-
7 600
-
health
3 947
-
11 989
-
total
12 558
-
41 479
-
Employer
34 472
-
104 712
-
pensions
5 605
-
10 974
-
accident
575
-
1 749
-
unemployment
845
-
2 565
-
total
7 025
-
15 288
-
Corporate
78 503
120 000
-
-
income

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

70 652
108 000
-
-
total
70 652
108 000
-
-
Dividends
7 850
12 000
-
-
withholding
1 492
2 280
-
-
total
1 492
2 280
-
-
Income
120 000
120 000
120 000
120 000
Total tax
91 727
110 280
56 767
37 768
After tax
28 273
9 720
63 233
82 232
Living cost
21 914
21 914
21 914
21 914
Free-cash
6 359
-12 194
41 319
60 318

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
₽109789
₽86989
₽103300
₽104989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
120 000
microenterprise

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

-
-
-
1 200
total
-
-
-
1 200
Employee
11 263
-
120 000
-
income
2 252
-
24 000
-
total
2 252
-
24 000
-
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%.

108 737
120 000
-
-
total
-
-
-
-
Dividends
108 737
120 000
-
-
withholding
5 437
6 000
-
-
total
5 437
6 000
-
-
Income
120 000
120 000
120 000
120 000
Total tax
7 689
6 000
24 000
1 200
After tax
112 311
114 000
96 000
118 800
Living cost
9 011
9 011
9 011
9 011
Free-cash
103 300
104 989
86 989
109 789

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
₽37755
₽42719
₽54773
₽61523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
5 699
health
-
-
-
5 280
income
-
-
-
15 825
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.

-
-
-
28 801
total
-
-
-
55 605
Employee
36 301
-
95 846
-
income
6 250
-
17 478
-
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.

2 540
-
6 711
-
unemployment
362
-
958
-
health
508
-
1 341
-
total
9 660
-
26 488
-
Employer
36 301
-
95 846
-
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
-
16 294
-
other
1 816
-
4 793
-
accident
290
-
767
-
health
508
-
1 341
-
unemployment
362
-
958
-
total
9 148
-
24 153
-
Corporate
74 550
120 000
-
-
income
15 656
25 200
-
-
total
15 656
25 200
-
-
Dividends
58 894
94 800
-
-
withholding
4 123
6 637
-
-
total
4 123
6 637
-
-
Income
120 000
120 000
120 000
120 000
Total tax
38 587
31 837
50 641
55 605
After tax
81 413
88 163
69 359
64 395
Living cost
26 640
26 640
26 640
26 640
Free-cash
54 773
61 523
42 719
37 755

Estimated living cost  is ₽26640 per week

₽18823
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.
₽5589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16604
₽5427
₽8831
₽17449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
income
-
-
-
28 224
pensions
-
-
-
7 906
total
-
-
-
36 130
Employee
95 171
-
105 354
-
income
17 156
-
20 771
-
pensions
9 181
-
10 143
-
health
1 568
-
1 750
-
total
27 905
-
32 664
-
Employer
95 171
-
105 354
-
pensions
11 237
-
12 641
-
health
1 807
-
2 002
-
total
13 044
-
14 643
-
Corporate
11 784
120 000
-
-
income

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

2 239
22 800
-
-
total
2 239
22 800
-
-
Dividends
9 545
97 200
-
-
withholding
715
12 485
-
-
total
715
12 485
-
-
Income
120 000
120 000
120 000
120 000
Total tax
43 903
35 285
47 307
36 130
After tax
76 097
84 715
72 693
83 870
Living cost
67 266
67 266
67 266
67 266
Free-cash
8 831
17 449
5 427
16 604

Estimated living cost  is ₽67266 per week

₽50404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7903
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.
₽8413
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽79562
₽83663
₽84845
₽89489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
unemployment
-
-
-
140
health
-
-
-
4 017
income
-
-
-
18 000
pensions

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

-
-
-
5 170
total
-
-
-
27 327
Employee
17 361
-
113 147
-
income
1 736
-
11 315
-
pensions

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

1 524
-
3 067
-
health
799
-
1 607
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
total
4 250
-
16 373
-
Employer
17 361
-
113 147
-
pensions

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

1 913
-
3 849
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
health
1 198
-
2 410
-
unemployment
104
-
210
-
total
3 406
-
6 853
-
Corporate
99 232
120 000
-
-
income
9 923
12 000
-
-
total
9 923
12 000
-
-
Dividends
89 309
108 000
-
-
withholding
4 465
5 400
-
-
total
4 465
5 400
-
-
Income
120 000
120 000
120 000
120 000
Total tax
22 044
17 400
23 226
27 327
After tax
97 956
102 600
96 774
92 673
Living cost
13 111
13 111
13 111
13 111
Free-cash
84 845
89 489
83 663
79 562

Estimated living cost  is ₽13111 per week

₽7655
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.
₽4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13352
₽8888
₽5650
₽3133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
health
-
-
-
12 329
income
-
-
-
27 165
pensions
-
-
-
11 714
total
-
-
-
51 208
Employee
92 693
85 378
102 118
-
income

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

13 975
13 975
13 975
-
pensions
11 714
11 714
11 714
-
health
11 564
11 147
12 101
-
total
37 253
36 836
37 790
-
Employer
92 693
85 378
102 118
-
pensions
6 451
5 942
7 107
-
health
6 441
5 935
7 098
-
unemployment
3 337
3 074
3 677
-
total
16 229
14 951
17 882
-
Corporate
11 078
19 672
-
-
income
2 216
3 935
-
-
total
2 216
3 935
-
-
Dividends
8 862
15 737
-
-
withholding
1 330
2 360
-
-
income
1 882
3 345
-
-
total
3 212
5 705
-
-
Income
120 000
120 000
120 000
120 000
Total tax
58 910
61 427
55 672
51 208
After tax
61 090
58 573
64 328
68 792
Living cost
55 440
55 440
55 440
55 440
Free-cash
5 650
3 133
8 888
13 352

Estimated living cost  is ₽55440 per week

₽40896
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.
₽8957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34846
₽36882
₽50041
₽58607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
34 554
health
-
-
-
16 200
income
-
-
-
10 387
solidarity contribution
-
-
-
-
total
-
-
-
61 141
Employee
35 313
-
89 552
-
income
4 238
-
10 746
-
solidarity contribution
-
-
-
-
social contributions
2 295
-
5 821
-
health
4 767
-
12 090
-
total
11 300
-
28 657
-
Employer
35 313
-
89 552
-
health
3 178
-
8 060
-
social contributions
8 828
-
22 388
-
total
12 006
-
30 448
-
Corporate
72 680
120 000
-
-
income
13 809
22 800
-
-
total
13 809
22 800
-
-
Dividends
58 871
97 200
-
-
withholding
8 831
14 580
-
-
total
8 831
14 580
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 946
37 380
59 105
61 141
After tax
74 054
82 620
60 895
58 859
Living cost
24 013
24 013
24 013
24 013
Free-cash
50 041
58 607
36 882
34 846

Estimated living cost  is ₽24013 per week

₽16680
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
₽17989
₽12279
₽16619
₽21837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
30 863
municipal
-
-
-
713
national
-
-
-
26 890
regional
-
-
-
1 358
total
-
-
-
59 824
Employee
88 855
-
120 000
-
national
15 396
-
23 242
-
social contributions
29 962
-
40 463
-
municipal
471
-
636
-
regional
838
-
1 193
-
total
46 667
-
65 534
-
Employer
88 855
-
120 000
-
total
-
-
-
-
Corporate
31 145
120 000
-
-
nationa
7 475
28 801
-
-
municipal
1 214
4 681
-
-
total
8 689
33 482
-
-
Dividends
22 456
86 519
-
-
withholding
5 838
22 494
-
-
total
5 838
22 494
-
-
Income
120 000
120 000
120 000
120 000
Total tax
61 194
55 976
65 534
59 824
After tax
58 806
64 024
54 466
60 176
Living cost
42 187
42 187
42 187
42 187
Free-cash
16 619
21 837
12 279
17 989

Estimated living cost  is ₽42187 per week

₽29408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2766
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.
₽9365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36598
₽34621
₽50308
₽53416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 521
income
-
-
-
25 222
surtax
-
-
-
3 368
pensions
-
-
-
24 001
total
-
-
-
61 340
Employee
33 062
-
99 132
-
income
5 542
-
23 352
-
pensions
2 205
-
6 612
-
unemployment
2 301
-
6 900
-
health
844
-
2 527
-
other
-
-
-
-
surtax
108
-
3 057
-
total
11 000
-
42 448
-
Employer
33 062
-
99 132
-
pensions
4 407
-
13 215
-
other
-
-
-
-
health
1 505
-
4 512
-
unemployment
1 047
-
3 142
-
total
6 959
-
20 869
-
Corporate
79 978
120 000
-
-
income
20 794
31 201
-
-
total
20 794
31 201
-
-
Dividends
59 184
88 799
-
-
withholding
8 877
13 321
-
-
total
8 877
13 321
-
-
Income
120 000
120 000
120 000
120 000
Total tax
47 630
44 522
63 317
61 340
After tax
72 370
75 478
56 683
58 660
Living cost
22 062
22 062
22 062
22 062
Free-cash
50 308
53 416
34 621
36 598

Estimated living cost  is ₽22062 per week

₽13490
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.
₽508
Clothing and shoes. We estimate one pair of shoes and 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
₽37916
₽26739
₽36042
₽38761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
income
-
-
-
28 224
pensions
-
-
-
7 906
total
-
-
-
36 130
Employee
63 781
-
105 354
-
income
11 487
-
20 771
-
pensions
5 414
-
10 143
-
health
926
-
1 750
-
total
17 827
-
32 664
-
Employer
63 781
-
105 354
-
pensions
6 904
-
12 641
-
health
1 212
-
2 002
-
total
8 116
-
14 643
-
Corporate
48 103
120 000
-
-
income

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

9 139
22 800
-
-
total
9 139
22 800
-
-
Dividends
38 964
97 200
-
-
withholding
2 922
12 485
-
-
total
2 922
12 485
-
-
Income
120 000
120 000
120 000
120 000
Total tax
38 004
35 285
47 307
36 130
After tax
81 996
84 715
72 693
83 870
Living cost
45 954
45 954
45 954
45 954
Free-cash
36 042
38 761
26 739
37 916

Estimated living cost  is ₽45954 per week

₽34429
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.
₽7600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽23646
₽17687
₽11634
-₽20701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other

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

-
-
-
2 399
health
-
-
-
270
city
-
-
-
1 266
national
-
-
-
1 108
regional
-
-
-
4 697
pensions
-
-
-
11 040
total
-
-
-
20 780
Employee
88 441
-
107 405
-
pensions
7 430
-
9 022
-
national
419
-
862
-
unemployment
-
-
-
-
city
949
-
1 153
-
health
200
-
243
-
regional
2 896
-
4 045
-
total
11 894
-
15 325
-
Employer
88 441
-
107 405
-
pensions
7 430
-
9 022
-
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
-
2 149
-
health
200
-
243
-
unemployment
-
-
-
-
total
9 398
-
11 414
-
Corporate
21 188
120 000
-
-
regional
4 482
25 381
-
-
national
1 801
10 200
-
-
total
6 283
35 581
-
-
Dividends
14 905
84 419
-
-
withholding
5 217
29 546
-
-
total
5 217
29 546
-
-
Income
120 000
120 000
120 000
120 000
Total tax
32 792
65 127
26 739
20 780
After tax
87 208
54 873
93 261
99 220
Living cost
75 574
75 574
75 574
75 574
Free-cash
11 634
-20 701
17 687
23 646

Estimated living cost  is ₽75574 per week

₽49145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6782
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.
₽18719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽22193
₽34800
₽29795
₽13579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
trade
-
-
-
12 607
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.

-
-
-
6 830
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.

-
-
-
30 871
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.

-
-
-
1 698
total
-
-
-
52 006
Employee

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

60 085
-
120 000
-
surtax

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

389
-
1 698
-
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.

7 065
-
30 871
-
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.

6 830
-
6 830
-
total
14 284
-
39 399
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 915
120 000
-
-
trade
10 276
20 580
-
-
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.

495
990
-
-
income
8 987
18 000
-
-
chamber of commerce
235
321
-
-
total
19 993
39 891
-
-
Dividends
39 921
80 110
-
-
surtax

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

527
1 081
-
-
withholding
9 600
19 648
-
-
total
10 127
20 729
-
-
Income
120 000
120 000
120 000
120 000
Total tax
44 404
60 620
39 399
52 006
After tax
75 596
59 380
80 601
67 994
Living cost
45 801
45 801
45 801
45 801
Free-cash
29 795
13 579
34 800
22 193

Estimated living cost  is ₽45801 per week

₽33451
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.
₽8092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34325
₽37972
₽32182
₽26273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
3 721
social contributions
-
-
-
3 419
health
-
-
-
3 324
income
-
-
-
14 261
surtax
-
-
-
-
pensions
-
-
-
26 744
total
-
-
-
51 469
Employee
42 789
-
96 013
-
income
2 525
-
15 773
-
pensions
4 838
-
5 326
-
social contributions
1 220
-
2 736
-
surtax
-
-
-
-
total
8 583
-
23 835
-
Employer
42 789
-
96 013
-
pensions
7 029
-
9 210
-
other
1 476
-
3 313
-
health
2 996
-
7 287
-
unemployment
1 732
-
3 889
-
social contributions
129
-
288
-
total
13 362
-
23 987
-
Corporate
63 848
120 000
-
-
surtax
-
-
-
-
income
17 878
33 601
-
-
total
17 878
33 601
-
-
Dividends
45 970
86 399
-
-
surtax
-
-
-
-
social contributions
7 906
14 861
-
-
withholding
5 883
11 059
-
-
total
13 789
25 920
-
-
Income
120 000
120 000
120 000
120 000
Total tax
53 612
59 521
47 822
51 469
After tax
66 388
60 479
72 178
68 531
Living cost
34 206
34 206
34 206
34 206
Free-cash
32 182
26 273
37 972
34 325

Estimated living cost  is ₽34206 per week

₽21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37714
₽41361
₽35218
₽29662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
3 721
social contributions
-
-
-
3 419
health
-
-
-
3 324
income
-
-
-
14 261
surtax
-
-
-
-
pensions
-
-
-
26 744
total
-
-
-
51 469
Employee
38 195
-
96 013
-
income
1 969
-
15 773
-
pensions
4 320
-
5 326
-
social contributions
1 089
-
2 736
-
surtax
-
-
-
-
total
7 378
-
23 835
-
Employer
38 195
-
96 013
-
pensions
6 276
-
9 210
-
other
1 319
-
3 313
-
health
2 673
-
7 287
-
unemployment
1 546
-
3 889
-
social contributions
114
-
288
-
total
11 928
-
23 987
-
Corporate
69 876
120 000
-
-
surtax
-
-
-
-
income
19 565
33 601
-
-
total
19 565
33 601
-
-
Dividends
50 312
86 399
-
-
surtax
-
-
-
-
social contributions
8 655
14 861
-
-
withholding
6 439
11 059
-
-
total
15 094
25 920
-
-
Income
120 000
120 000
120 000
120 000
Total tax
53 965
59 521
47 822
51 469
After tax
66 035
60 479
72 178
68 531
Living cost
30 817
30 817
30 817
30 817
Free-cash
35 218
29 662
41 361
37 714

Estimated living cost  is ₽30817 per week

₽17872
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.
₽9230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55865
₽55038
₽52528
₽52012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
16 559
health
-
-
-
8 376
income
-
-
-
18 000
total
-
-
-
42 935
Employee
33 899
-
120 000
-
income
5 654
-
18 827
-
social contributions
4 679
-
16 559
-
health
2 366
-
8 376
-
total
12 699
-
43 762
-
Employer
33 899
-
120 000
-
total
-
-
-
-
Corporate
86 101
120 000
-
-
income

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

4 305
5 999
-
-
total
4 305
5 999
-
-
Dividends
81 796
114 001
-
-
social contributions
11 289
15 732
-
-
health
5 709
7 957
-
-
withholding
12 270
17 100
-
-
total
29 268
40 789
-
-
Income
120 000
120 000
120 000
120 000
Total tax
46 272
46 788
43 762
42 935
After tax
73 728
73 212
76 238
77 065
Living cost
21 200
21 200
21 200
21 200
Free-cash
52 528
52 012
55 038
55 865

Estimated living cost  is ₽21200 per week

₽14188
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
₽24376
-₽1399
₽30156
₽31705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
chamber of commerce
-
-
-
480
unemployment
-
-
-
6 132
health
-
-
-
8 934
income
-
-
-
23 044
surtax
-
-
-
197
pensions
-
-
-
21 608
total
-
-
-
60 395
Employee
49 965
39 843
93 030
-
income
5 688
2 939
20 043
-
pensions
5 117
4 079
9 526
-
unemployment
1 499
1 195
2 791
-
health
1 933
1 542
3 601
-
other
499
398
930
-
total
14 736
10 153
36 891
-
Employer
49 965
39 843
93 030
-
pensions
6 271
5 001
11 676
-
other
2 373
1 892
4 419
-
accident
649
518
1 209
-
health
1 888
1 506
3 516
-
payroll
1 499
1 195
2 791
-
chamber of commerce
199
159
372
-
unemployment
1 499
1 195
2 791
-
surtax
197
197
197
-
total
14 575
11 663
26 971
-
Corporate
55 460
68 493
89 236
-
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.

13 865
17 123
22 308
-
total
13 865
17 123
22 308
-
Dividends
41 595
51 370
-
-
withholding
11 439
14 127
-
-
total
11 439
14 127
-
-
Income
120 000
120 000
120 000
120 000
Total tax
54 615
53 066
86 170
60 395
After tax
65 385
66 934
33 830
59 605
Living cost
35 229
35 229
35 229
35 229
Free-cash
30 156
31 705
-1 399
24 376

Estimated living cost  is ₽35229 per week

₽23496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3005
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.
₽8149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17734
₽8924
₽15780
₽30774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
19 186
communal

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

-
-
-
6 049
national
-
-
-
40 577
total
-
-
-
65 812
Employee

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

71 515
-
92 943
-
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
-
6 971
-
national
21 987
-
30 569
-
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
-
808
-
communal

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

3 730
-
4 848
-
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
-
4 368
-
total
35 063
-
47 564
-
Employer

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

71 515
-
92 943
-
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.

6 337
-
8 234
-
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
-
1 209
-
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
-
5 717
-
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
-
1 357
-
surtax
8 109
-
10 541
-
total
20 818
-
27 058
-
Corporate
27 668
120 000
-
-
surtax
110
480
-
-
income
5 534
24 001
-
-
total
5 644
24 481
-
-
Dividends
22 023
95 519
-
-
withholding

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

6 242
28 292
-
-
total
6 242
28 292
-
-
Income
120 000
120 000
120 000
120 000
Total tax
67 767
52 773
74 622
65 812
After tax
52 233
67 227
45 378
54 188
Living cost
36 454
36 454
36 454
36 454
Free-cash
15 780
30 774
8 924
17 734

Estimated living cost  is ₽36454 per week

₽23481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3187
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.
₽9215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30135
₽25734
₽36736
₽44559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 958
pensions
-
-
-
26 224
total
-
-
-
53 759
Employee
49 767
-
90 991
-
income
10 501
-
23 374
-
pensions
2 339
-
4 276
-
unemployment
772
-
1 410
-
other
49
-
91
-
total
13 661
-
29 151
-
Employer
49 767
-
90 991
-
pensions
11 744
-
21 473
-
other
397
-
729
-
accident
985
-
1 802
-
unemployment
2 738
-
5 005
-
total
15 864
-
29 009
-
Corporate
54 370
120 000
-
-
income

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

8 156
18 000
-
-
total
8 156
18 000
-
-
Dividends
46 214
102 000
-
-
withholding
9 477
21 335
-
-
total
9 477
21 335
-
-
Income
120 000
120 000
120 000
120 000
Total tax
47 158
39 335
58 160
53 759
After tax
72 842
80 665
61 840
66 241
Living cost
36 106
36 106
36 106
36 106
Free-cash
36 736
44 559
25 734
30 135

Estimated living cost  is ₽36106 per week

₽26588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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
₽11258
₽16064
₽9073
₽18319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
accident
-
-
-
1 011
health
-
-
-
8 432
income
-
-
-
13 448
communal
-
-
-
7 583
surtax
-
-
-
5 950
pensions
-
-
-
17 986
total
-
-
-
54 410
Employee
75 713
-
107 191
-
income
7 313
-
16 881
-
pensions
6 056
-
8 576
-
health
3 370
-
4 770
-
surtax
4 641
-
6 568
-
total
21 380
-
36 795
-
Employer
75 713
-
107 191
-
pensions
6 056
-
8 576
-
accident
681
-
964
-
health
2 309
-
3 269
-
total
9 046
-
12 809
-
Corporate
35 241
120 000
-
-
communal
2 379
8 099
-
-
surtax
370
1 260
-
-
income
5 286
18 000
-
-
total
8 035
27 359
-
-
Dividends
27 206
92 641
-
-
withholding
4 081
13 896
-
-
income
14 053
6 094
-
-
total
18 134
19 990
-
-
Income
120 000
120 000
120 000
120 000
Total tax
56 595
47 349
49 604
54 410
After tax
63 405
72 651
70 396
65 590
Living cost
54 332
54 332
54 332
54 332
Free-cash
9 073
18 319
16 064
11 258

Estimated living cost  is ₽54332 per week

₽40757
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.
₽9706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36204
₽34227
₽49845
₽53022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 521
income
-
-
-
25 222
surtax
-
-
-
3 368
pensions
-
-
-
24 001
total
-
-
-
61 340
Employee
33 669
-
99 132
-
income
5 644
-
23 352
-
pensions
2 246
-
6 612
-
unemployment
2 343
-
6 900
-
health
859
-
2 527
-
other
-
-
-
-
surtax
120
-
3 057
-
total
11 212
-
42 448
-
Employer
33 669
-
99 132
-
pensions
4 489
-
13 215
-
other
-
-
-
-
health
1 531
-
4 512
-
unemployment
1 068
-
3 142
-
total
7 088
-
20 869
-
Corporate
79 243
120 000
-
-
income
20 603
31 201
-
-
total
20 603
31 201
-
-
Dividends
58 640
88 799
-
-
withholding
8 796
13 321
-
-
total
8 796
13 321
-
-
Income
120 000
120 000
120 000
120 000
Total tax
47 699
44 522
63 317
61 340
After tax
72 301
75 478
56 683
58 660
Living cost
22 456
22 456
22 456
22 456
Free-cash
49 845
53 022
34 227
36 204

Estimated living cost  is ₽22456 per week

₽13558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1952
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.
₽6426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32793
₽27112
₽33924
₽36142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
30 863
municipal
-
-
-
713
national
-
-
-
26 890
regional
-
-
-
1 809
total
-
-
-
60 275
Employee
55 460
-
120 000
-
national
8 786
-
23 242
-
social contributions
18 701
-
40 463
-
municipal
294
-
636
-
regional
747
-
1 615
-
total
28 528
-
65 956
-
Employer
55 460
-
120 000
-
total
-
-
-
-
Corporate
64 540
120 000
-
-
nationa
15 489
28 801
-
-
municipal
3 208
5 963
-
-
total
18 697
34 764
-
-
Dividends
45 843
85 236
-
-
withholding
11 919
22 162
-
-
total
11 919
22 162
-
-
Income
120 000
120 000
120 000
120 000
Total tax
59 144
56 926
65 956
60 275
After tax
60 856
63 074
54 044
59 725
Living cost
26 932
26 932
26 932
26 932
Free-cash
33 924
36 142
27 112
32 793

Estimated living cost  is ₽26932 per week

₽16749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2728
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.
₽6993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29269
₽31305
₽42474
₽53030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
34 554
health
-
-
-
16 200
income
-
-
-
10 387
solidarity contribution
-
-
-
-
total
-
-
-
61 141
Employee
43 515
-
89 552
-
income
5 222
-
10 746
-
solidarity contribution
-
-
-
-
social contributions
2 828
-
5 821
-
health
5 875
-
12 090
-
total
13 925
-
28 657
-
Employer
43 515
-
89 552
-
health
3 916
-
8 060
-
social contributions
10 879
-
22 388
-
total
14 795
-
30 448
-
Corporate
61 690
120 000
-
-
income
11 721
22 800
-
-
total
11 721
22 800
-
-
Dividends
49 969
97 200
-
-
withholding
7 495
14 580
-
-
total
7 495
14 580
-
-
Income
120 000
120 000
120 000
120 000
Total tax
47 936
37 380
59 105
61 141
After tax
72 064
82 620
60 895
58 859
Living cost
29 590
29 590
29 590
29 590
Free-cash
42 474
53 030
31 305
29 269

Estimated living cost  is ₽29590 per week

₽22005
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
₽27905
₽1976
₽34647
₽35145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
chamber of commerce
-
-
-
480
unemployment
-
-
-
6 132
health
-
-
-
8 934
income
-
-
-
23 044
surtax
-
-
-
-
pensions
-
-
-
21 608
total
-
-
-
60 198
Employee
43 704
39 843
93 178
-
income
3 893
2 939
20 094
-
pensions
4 476
4 079
9 541
-
unemployment
1 311
1 195
2 795
-
health
1 690
1 542
3 607
-
other
436
398
932
-
total
11 806
10 153
36 969
-
Employer
43 704
39 843
93 178
-
pensions
5 485
5 001
11 693
-
other
2 076
1 892
4 424
-
accident
567
518
1 210
-
health
1 653
1 506
3 521
-
payroll
1 311
1 195
2 795
-
chamber of commerce
175
159
372
-
unemployment
1 311
1 195
2 795
-
surtax
-
-
-
-
total
12 578
11 466
26 810
-
Corporate
63 719
68 690
89 395
-
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.

15 930
17 172
22 348
-
total
15 930
17 172
22 348
-
Dividends
47 790
51 518
-
-
withholding
13 142
14 167
-
-
total
13 142
14 167
-
-
Income
120 000
120 000
120 000
120 000
Total tax
53 456
52 958
86 127
60 198
After tax
66 544
67 042
33 873
59 802
Living cost
31 897
31 897
31 897
31 897
Free-cash
34 647
35 145
1 976
27 905

Estimated living cost  is ₽31897 per week

₽19134
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.
₽8936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104758
₽81958
₽97324
₽99958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
120 000
microenterprise

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

-
-
-
1 200
total
-
-
-
1 200
Employee
17 552
-
120 000
-
income
3 511
-
24 000
-
total
3 511
-
24 000
-
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%.

102 448
120 000
-
-
total
-
-
-
-
Dividends
102 448
120 000
-
-
withholding
5 123
6 000
-
-
total
5 123
6 000
-
-
Income
120 000
120 000
120 000
120 000
Total tax
8 634
6 000
24 000
1 200
After tax
111 366
114 000
96 000
118 800
Living cost
14 042
14 042
14 042
14 042
Free-cash
97 324
99 958
81 958
104 758

Estimated living cost  is ₽14042 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
₽34390
₽30948
₽47441
₽55803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
unemployment
-
-
-
180
health
-
-
-
11 809
income
-
-
-
24 890
pensions
-
-
-
21 915
total
-
-
-
58 794
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.

44 211
-
103 833
-
income
7 624
-
23 118
-
pensions
6 853
-
16 095
-
unemployment
63
-
146
-
health
2 855
-
6 709
-
total
17 395
-
46 068
-
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.

44 211
-
103 833
-
pensions
3 912
-
9 189
-
health
2 945
-
6 916
-
unemployment
27
-
63
-
total
6 884
-
16 168
-
Corporate
68 906
120 000
-
-
income
13 091
22 800
-
-
total
13 091
22 800
-
-
Dividends
55 815
97 200
-
-
withholding
8 373
14 581
-
-
total
8 373
14 581
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 743
37 381
62 236
58 794
After tax
74 257
82 619
57 764
61 206
Living cost
26 816
26 816
26 816
26 816
Free-cash
47 441
55 803
30 948
34 390

Estimated living cost  is ₽26816 per week

₽18404
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
₽39881
₽63826
-₽28762
₽29959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
13 680
income
-
-
-
23 390
total
-
-
-
37 070
Employee
61 727
-
-
-
income
13 616
-
-
-
social contributions
5 062
-
721
-
total
18 678
-
721
-
Employer
61 727
-
-
-
social contributions
87 035
-
12 404
-
total
87 035
-
12 404
-
Corporate
-
120 000
-
-
income
-
26 400
-
-
total
-
26 400
-
-
Dividends
-
93 600
-
-
income
-
20 592
-
-
total
-
20 592
-
-
Income
120 000
120 000
120 000
120 000
Total tax
105 713
46 992
13 125
37 070
After tax
14 287
73 008
106 875
82 930
Living cost
43 049
43 049
43 049
43 049
Free-cash
-28 762
29 959
63 826
39 881

Estimated living cost  is ₽43049 per week

₽27932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34777
₽27410
₽35890
₽36895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
social contributions

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

-
-
-
41 700
income
-
-
-
12 163
surtax
-
-
-
-
total
-
-
-
53 863
Employee
45 982
-
96 969
-
income
9 564
-
27 534
-
social contributions
5 058
-
10 667
-
surtax
-
-
-
-
total
14 622
-
38 201
-
Employer
45 982
-
96 969
-
social contributions
10 921
-
23 029
-
total
10 921
-
23 029
-
Corporate
63 097
120 000
-
-
surtax
-
-
-
-
income
13 251
25 200
-
-
total
13 251
25 200
-
-
Dividends
49 846
94 800
-
-
withholding
13 956
26 545
-
-
total
13 956
26 545
-
-
Income
120 000
120 000
120 000
120 000
Total tax
52 750
51 745
61 230
53 863
After tax
67 250
68 255
58 770
66 137
Living cost
31 360
31 360
31 360
31 360
Free-cash
35 890
36 895
27 410
34 777

Estimated living cost  is ₽31360 per week

₽23464
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.
₽5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20243
₽23890
₽19062
₽12191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
3 721
social contributions
-
-
-
3 419
health
-
-
-
3 324
income
-
-
-
14 261
surtax
-
-
-
-
pensions
-
-
-
26 744
total
-
-
-
51 469
Employee
62 618
-
96 013
-
income
5 464
-
15 773
-
pensions
7 083
-
5 326
-
social contributions
1 783
-
2 736
-
surtax
-
-
-
-
total
14 330
-
23 835
-
Employer
62 618
-
96 013
-
pensions
10 289
-
9 210
-
other
2 161
-
3 313
-
health
4 383
-
7 287
-
unemployment
2 537
-
3 889
-
social contributions
188
-
288
-
total
19 558
-
23 987
-
Corporate
37 824
120 000
-
-
surtax
-
-
-
-
income
10 591
33 601
-
-
total
10 591
33 601
-
-
Dividends
27 234
86 399
-
-
surtax
-
-
-
-
social contributions
4 686
14 861
-
-
withholding
3 485
11 059
-
-
total
8 171
25 920
-
-
Income
120 000
120 000
120 000
120 000
Total tax
52 650
59 521
47 822
51 469
After tax
67 350
60 479
72 178
68 531
Living cost
48 288
48 288
48 288
48 288
Free-cash
19 062
12 191
23 890
20 243

Estimated living cost  is ₽48288 per week

₽32681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3950
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.
₽10995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60258
₽63446
₽74589
₽77947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
26 401
income
-
-
-
3 288
total
-
-
-
29 689
Employee
32 142
-
103 896
-
social contributions
2 089
-
6 754
-
income
-
-
3 643
-
total
2 089
-
10 397
-
Employer
32 142
-
103 896
-
social contributions
4 982
-
16 104
-
total
4 982
-
16 104
-
Corporate
82 876
120 000
-
-
income
8 287
12 000
-
-
total
8 287
12 000
-
-
Dividends
74 588
108 000
-
-
total
-
-
-
-
Income
120 000
120 000
120 000
120 000
Total tax
15 358
12 000
26 501
29 689
After tax
104 642
108 000
93 499
90 311
Living cost
30 053
30 053
30 053
30 053
Free-cash
74 589
77 947
63 446
60 258

Estimated living cost  is ₽30053 per week

₽19432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2265
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.
₽7790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25072
-₽97925
-₽97925
-₽97925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
municipal
-
-
-
23 328
national
-
-
-
13 031
labour market
-
-
-
9 531
pensions
-
-
-
867
total
-
-
-
46 757
Employee
203 317
203 317
203 317
-
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
203 317
203 317
203 317
-
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
120 000
120 000
120 000
120 000
Total tax
169 754
169 754
169 754
46 757
After tax
-49 754
-49 754
-49 754
73 243
Living cost
48 171
48 171
48 171
48 171
Free-cash
-97 925
-97 925
-97 925
25 072

Estimated living cost  is ₽48171 per week

₽32969
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
₽60641
₽41642
₽6409
-₽11871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 830
pensions
-
-
-
4 145
total
-
-
-
37 768
Employee
33 964
-
104 712
-
income
4 659
-
21 890
-
pensions
3 825
-
7 600
-
health
3 889
-
11 989
-
total
12 373
-
41 479
-
Employer
33 964
-
104 712
-
pensions
5 522
-
10 974
-
accident
567
-
1 749
-
unemployment
832
-
2 565
-
total
6 921
-
15 288
-
Corporate
79 114
120 000
-
-
income

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

71 203
108 000
-
-
total
71 203
108 000
-
-
Dividends
7 911
12 000
-
-
withholding
1 503
2 280
-
-
total
1 503
2 280
-
-
Income
120 000
120 000
120 000
120 000
Total tax
92 000
110 280
56 767
37 768
After tax
28 000
9 720
63 233
82 232
Living cost
21 591
21 591
21 591
21 591
Free-cash
6 409
-11 871
41 642
60 641

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
₽44586
₽28134
₽39704
₽39874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
120 000
municipal
-
-
-
21 343
health
-
-
-
1 431
national
-
-
-
14 256
total
-
-
-
37 030
Employee
52 601
-
100 949
-
pensions
3 550
-
6 815
-
national
869
-
8 501
-
municipal
8 616
-
16 467
-
unemployment
789
-
1 514
-
health
393
-
1 136
-
total
14 217
-
34 433
-
Employer
52 601
-
100 949
-
pensions
9 126
-
17 514
-
accident
53
-
101
-
health
404
-
778
-
unemployment
342
-
656
-
total
9 925
-
19 049
-
Corporate
57 475
120 000
-
-
income
11 496
24 001
-
-
total
11 496
24 001
-
-
Dividends

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

34 484
72 000
-
-
municipal
6 208
12 960
-
-
national
66
4 781
-
-
total
6 274
17 741
-
-
Income
120 000
120 000
120 000
120 000
Total tax
41 912
41 742
53 482
37 030
After tax
78 088
78 258
66 518
82 970
Living cost
38 384
38 384
38 384
38 384
Free-cash
39 704
39 874
28 134
44 586

Estimated living cost  is ₽38384 per week

₽25073
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.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽61028
₽59728
₽59133
₽64574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
16 176
health
-
-
-
3 060
income
-
-
-
16 588
total
-
-
-
35 824
Employee
76 879
76 879
109 371
-
income
8 371
7 117
16 030
-
social contributions
2 907
6 381
8 606
-
health
596
1 307
1 859
-
total
11 874
14 805
26 495
-
Employer
76 879
76 879
109 371
-
health
647
1 423
2 023
-
social contributions
2 907
6 381
8 606
-
total
3 554
7 804
10 629
-
Corporate
81 425
35 318
-
-
income
10 179
4 415
-
-
total
10 179
4 415
-
-
Dividends
71 247
30 903
-
-
withholding
12 112
5 254
-
-
total
12 112
5 254
-
-
Income
120 000
120 000
120 000
120 000
Total tax
37 719
32 278
37 124
35 824
After tax
82 281
87 722
82 876
84 176
Living cost
23 148
23 148
23 148
23 148
Free-cash
59 133
64 574
59 728
61 028

Estimated living cost  is ₽23148 per week

₽13873
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.
₽6492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82374
₽62320
₽78411
₽83499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
120 000
unemployment
-
-
-
28
health
-
-
-
3 618
income
-
-
-
11 746
pensions
-
-
-
6 360
total
-
-
-
21 752
Employee

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

22 948
-
110 229
-
income
1 569
-
9 268
-
pensions
3 442
-
14 230
-
unemployment
114
-
474
-
health
1 950
-
8 063
-
total
7 075
-
32 035
-
Employer

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

22 948
-
110 229
-
pensions
1 262
-
5 218
-
health
987
-
4 079
-
unemployment
114
-
474
-
total
2 363
-
9 771
-
Corporate
94 689
120 000
-
-
income
8 523
10 799
-
-
total
8 523
10 799
-
-
Dividends
86 167
109 201
-
-
withholding
7 754
9 828
-
-
total
7 754
9 828
-
-
Income
120 000
120 000
120 000
120 000
Total tax
25 715
20 627
41 806
21 752
After tax
94 285
99 373
78 194
98 248
Living cost
15 874
15 874
15 874
15 874
Free-cash
78 411
83 499
62 320
82 374

Estimated living cost  is ₽15874 per week

₽10128
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.
₽4128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38748
₽34347
₽48070
₽53172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 958
pensions
-
-
-
26 224
total
-
-
-
53 759
Employee
36 968
-
90 991
-
income
7 127
-
23 374
-
pensions
1 738
-
4 276
-
unemployment
573
-
1 410
-
other
36
-
91
-
total
9 474
-
29 151
-
Employer
36 968
-
90 991
-
pensions
8 724
-
21 473
-
other
296
-
729
-
accident
732
-
1 802
-
unemployment
2 034
-
5 005
-
total
11 786
-
29 009
-
Corporate
71 246
120 000
-
-
income

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

10 687
18 000
-
-
total
10 687
18 000
-
-
Dividends
60 559
102 000
-
-
withholding
12 490
21 335
-
-
total
12 490
21 335
-
-
Income
120 000
120 000
120 000
120 000
Total tax
44 437
39 335
58 160
53 759
After tax
75 563
80 665
61 840
66 241
Living cost
27 493
27 493
27 493
27 493
Free-cash
48 070
53 172
34 347
38 748

Estimated living cost  is ₽27493 per week

₽18557
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.
₽5811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73654
₽73458
₽71692
₽72142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
health
-
-
-
1 448
income
-
-
-
40 163
pensions
-
-
-
1 997
total
-
-
-
43 608
Employee
4 171
-
117 753
-
income
807
-
40 058
-
pensions
375
-
899
-
unemployment
42
-
100
-
health
209
-
499
-
total
1 433
-
41 556
-
Employer
4 171
-
117 753
-
pensions
459
-
1 099
-
health
396
-
949
-
unemployment
83
-
200
-
total
938
-
2 248
-
Corporate
114 891
120 000
-
-
income
25 276
26 400
-
-
total
25 276
26 400
-
-
Dividends
89 615
93 600
-
-
withholding
17 923
18 720
-
-
total
17 923
18 720
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 570
45 120
43 804
43 608
After tax
74 430
74 880
76 196
76 392
Living cost
2 738
2 738
2 738
2 738
Free-cash
71 692
72 142
73 458
73 654

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
₽48950
₽48950
₽64487
₽69407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
unemployment
-
-
-
1 108
health
-
-
-
7 612
income
-
-
-
25 823
pensions
-
-
-
19 214
total
-
-
-
53 757
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
-
106 772
-
income
3 594
-
25 823
-
pensions
3 651
-
10 346
-
unemployment
196
-
554
-
health
1 343
-
3 806
-
total
8 784
-
40 529
-
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
-
106 772
-
pensions
3 129
-
8 868
-
health
1 343
-
3 806
-
unemployment
196
-
554
-
total
4 668
-
13 228
-
Corporate
89 256
120 000
-
-
income
13 388
18 000
-
-
total
13 388
18 000
-
-
Dividends
75 868
102 000
-
-
withholding
11 380
15 300
-
-
total
11 380
15 300
-
-
Income
120 000
120 000
120 000
120 000
Total tax
38 220
33 300
53 757
53 757
After tax
81 780
86 700
66 243
66 243
Living cost
17 293
17 293
17 293
17 293
Free-cash
64 487
69 407
48 950
48 950

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
₽39184
₽31816
₽40942
₽41301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
social contributions

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

-
-
-
41 700
income
-
-
-
12 163
surtax
-
-
-
-
total
-
-
-
53 863
Employee
38 804
-
96 969
-
income
7 582
-
27 534
-
social contributions
4 269
-
10 667
-
surtax
-
-
-
-
total
11 851
-
38 201
-
Employer
38 804
-
96 969
-
social contributions
9 215
-
23 029
-
total
9 215
-
23 029
-
Corporate
71 981
120 000
-
-
surtax
-
-
-
-
income
15 116
25 200
-
-
total
15 116
25 200
-
-
Dividends
56 865
94 800
-
-
withholding
15 922
26 545
-
-
total
15 922
26 545
-
-
Income
120 000
120 000
120 000
120 000
Total tax
52 104
51 745
61 230
53 863
After tax
67 896
68 255
58 770
66 137
Living cost
26 954
26 954
26 954
26 954
Free-cash
40 942
41 301
31 816
39 184

Estimated living cost  is ₽26954 per week

₽19090
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.
₽5513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31104
₽26703
₽38045
₽45528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
25 958
pensions
-
-
-
26 224
total
-
-
-
53 759
Employee
48 285
-
90 991
-
income
10 085
-
23 374
-
pensions
2 269
-
4 276
-
unemployment
748
-
1 410
-
other
47
-
91
-
total
13 149
-
29 151
-
Employer
48 285
-
90 991
-
pensions
11 395
-
21 473
-
other
387
-
729
-
accident
956
-
1 802
-
unemployment
2 656
-
5 005
-
total
15 394
-
29 009
-
Corporate
56 320
120 000
-
-
income

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

8 449
18 000
-
-
total
8 449
18 000
-
-
Dividends
47 872
102 000
-
-
withholding
9 826
21 335
-
-
total
9 826
21 335
-
-
Income
120 000
120 000
120 000
120 000
Total tax
46 818
39 335
58 160
53 759
After tax
73 182
80 665
61 840
66 241
Living cost
35 137
35 137
35 137
35 137
Free-cash
38 045
45 528
26 703
31 104

Estimated living cost  is ₽35137 per week

₽25234
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
₽75470
₽79571
₽79303
₽85397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
unemployment
-
-
-
140
health
-
-
-
4 017
income
-
-
-
18 000
pensions

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

-
-
-
5 170
total
-
-
-
27 327
Employee
22 779
-
113 147
-
income
2 278
-
11 315
-
pensions

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

2 000
-
3 067
-
health
1 048
-
1 607
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
total
5 576
-
16 373
-
Employer
22 779
-
113 147
-
pensions

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

2 510
-
3 849
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
health
1 572
-
2 410
-
unemployment
137
-
210
-
total
4 469
-
6 853
-
Corporate
92 752
120 000
-
-
income
9 275
12 000
-
-
total
9 275
12 000
-
-
Dividends
83 477
108 000
-
-
withholding
4 174
5 400
-
-
total
4 174
5 400
-
-
Income
120 000
120 000
120 000
120 000
Total tax
23 494
17 400
23 226
27 327
After tax
96 506
102 600
96 774
92 673
Living cost
17 203
17 203
17 203
17 203
Free-cash
79 303
85 397
79 571
75 470

Estimated living cost  is ₽17203 per week

₽11378
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.
₽4430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31453
₽42002
₽36331
₽23251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
trade
-
-
-
10 549
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.

-
-
-
6 830
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.

-
-
-
30 871
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.

-
-
-
1 698
total
-
-
-
49 948
Employee

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

49 746
-
120 000
-
surtax

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

226
-
1 698
-
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
-
30 871
-
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.

6 830
-
6 830
-
total
11 147
-
39 399
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 254
120 000
-
-
trade
10 082
17 220
-
-
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.

579
990
-
-
income
10 537
18 000
-
-
chamber of commerce
254
328
-
-
total
21 452
36 538
-
-
Dividends
48 802
83 462
-
-
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.

651
1 127
-
-
withholding
11 820
20 485
-
-
total
12 471
21 612
-
-
Income
120 000
120 000
120 000
120 000
Total tax
45 070
58 150
39 399
49 948
After tax
74 930
61 850
80 601
70 052
Living cost
38 599
38 599
38 599
38 599
Free-cash
36 331
23 251
42 002
31 453

Estimated living cost  is ₽38599 per week

₽26626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4153
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.
₽7259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20480
₽20480
₽29255
₽27049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
11 094
income
-
-
-
31 474
total
-
-
-
42 568
Employee
78 205
-
120 000
-
social contributions
6 497
-
11 094
-
income
14 757
-
31 474
-
total
21 254
-
42 568
-
Employer
78 205
-
120 000
-
total
-
-
-
-
Corporate
41 795
120 000
-
-
income
5 225
15 000
-
-
total
5 225
15 000
-
-
Dividends
36 569
105 000
-
-
withholding
7 314
20 999
-
-
total
7 314
20 999
-
-
Income
120 000
120 000
120 000
120 000
Total tax
33 793
35 999
42 568
42 568
After tax
86 207
84 001
77 432
77 432
Living cost
56 952
56 952
56 952
56 952
Free-cash
29 255
27 049
20 480
20 480

Estimated living cost  is ₽56952 per week

₽43328
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.
₽8439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48572
₽52151
₽39921
₽36426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
health

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

-
-
-
6 677
income
-
-
-
28 459
total
-
-
-
35 136
Employee
45 864
-
115 401
-
social contributions
4 595
-
4 599
-
income
4 977
-
22 359
-
total
9 572
-
26 958
-
Employer
45 864
-
115 401
-
social contributions
4 595
-
4 599
-
total
4 595
-
4 599
-
Corporate
69 541
120 000
-
-
income
24 338
42 000
-
-
total
24 338
42 000
-
-
Dividends
45 202
78 000
-
-
social contributions
5 282
5 282
-
-
total
5 282
5 282
-
-
Income
120 000
120 000
120 000
120 000
Total tax
43 787
47 282
31 557
35 136
After tax
76 213
72 718
88 443
84 864
Living cost
36 292
36 292
36 292
36 292
Free-cash
39 921
36 426
52 151
48 572

Estimated living cost  is ₽36292 per week

₽23906
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.
₽8968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46511
₽35334
₽46876
₽47356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
income
-
-
-
28 224
pensions
-
-
-
7 906
total
-
-
-
36 130
Employee
51 281
-
105 354
-
income
9 339
-
20 771
-
pensions
3 914
-
10 143
-
health
669
-
1 750
-
total
13 922
-
32 664
-
Employer
51 281
-
105 354
-
pensions
5 181
-
12 641
-
health
975
-
2 002
-
total
6 156
-
14 643
-
Corporate
62 563
120 000
-
-
income

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

11 886
22 800
-
-
total
11 886
22 800
-
-
Dividends
50 677
97 200
-
-
withholding
3 801
12 485
-
-
total
3 801
12 485
-
-
Income
120 000
120 000
120 000
120 000
Total tax
35 765
35 285
47 307
36 130
After tax
84 235
84 715
72 693
83 870
Living cost
37 359
37 359
37 359
37 359
Free-cash
46 876
47 356
35 334
46 511

Estimated living cost  is ₽37359 per week

₽25628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
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.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽58504
₽39505
₽6081
-₽14008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
30 830
pensions
-
-
-
4 145
total
-
-
-
37 768
Employee
37 326
-
104 712
-
income
5 121
-
21 890
-
pensions
4 203
-
7 600
-
health
4 274
-
11 989
-
total
13 598
-
41 479
-
Employer
37 326
-
104 712
-
pensions
6 069
-
10 974
-
accident
623
-
1 749
-
unemployment
914
-
2 565
-
total
7 606
-
15 288
-
Corporate
75 068
120 000
-
-
income

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

67 561
108 000
-
-
total
67 561
108 000
-
-
Dividends
7 507
12 000
-
-
withholding
1 426
2 280
-
-
total
1 426
2 280
-
-
Income
120 000
120 000
120 000
120 000
Total tax
90 191
110 280
56 767
37 768
After tax
29 809
9 720
63 233
82 232
Living cost
23 728
23 728
23 728
23 728
Free-cash
6 081
-14 008
39 505
58 504

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
₽54562
₽65583
₽82803
₽87479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 000
work injury
-
-
-
600
unemployment
-
-
-
1 440
income
-
-
-
18 937
health insurance
-
-
-
8 880
pensions
-
-
-
22 080
total
-
-
-
51 937
Employee

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

21 601
-
120 000
-
income
2 160
-
18 937
-
work injury
108
-
400
-
pensions
3 975
-
14 706
-
unemployment
259
-
959
-
health insurance
1 598
-
5 914
-
total
8 100
-
40 916
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
98 399
120 000
-
-
income

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

984
1 200
-
-
total
984
1 200
-
-
Dividends
97 415
118 800
-
-
withholding
14 612
17 820
-
-
total
14 612
17 820
-
-
Income
120 000
120 000
120 000
120 000
Total tax
23 696
19 020
40 916
51 937
After tax
96 304
100 980
79 084
68 063
Living cost
13 501
13 501
13 501
13 501
Free-cash
82 803
87 479
65 583
54 562

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

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Rome , Italy
₽19034
₽13547
₽18830
₽23377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 000
social contributions
-
-
-
30 863
municipal
-
-
-
803
national
-
-
-
26 890
regional
-
-
-
2 581
total
-
-
-
61 137
Employee
84 248
-
120 000
-
national
14 237
-
23 242
-
social contributions
28 408
-
40 463
-
municipal
503
-
715
-
regional
1 272
-
2 204
-
total
44 420
-
66 624
-
Employer
84 248
-
120 000
-
total
-
-
-
-
Corporate
35 752
120 000
-
-
nationa
8 580
28 801
-
-
municipal
1 723
5 785
-
-
total
10 303
34 586
-
-
Dividends
25 450
85 414
-
-
withholding
6 618
22 208
-
-
total
6 618
22 208
-
-
Income
120 000
120 000
120 000
120 000
Total tax
61 341
56 794
66 624
61 137
After tax
58 659
63 206
53 376
58 863
Living cost
39 829
39 829
39 829
39 829
Free-cash
18 830
23 377
13 547
19 034

Estimated living cost  is ₽39829 per week

₽27977
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.
₽8509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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