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
₽ 120500
per

Your estimated
City
free-cash

Dresden , Germany
₽32030
₽51391
₽39381
₽42553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
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.

-
-
-
32 020
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.

-
-
-
1 761
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.

-
-
-
6 502
trade
-
-
-
12 010
total
-
-
-
52 293
Employee

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

36 400
-
120 500
-
surtax

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

56
-
1 761
-
income

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

1 017
-
32 020
-
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.

6 502
-
6 502
-
total
7 575
-
40 283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 100
120 500
-
-
income
12 615
18 074
-
-
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.

694
993
-
-
chamber of commerce
265
318
-
-
trade
13 245
18 979
-
-
total
26 819
38 364
-
-
Dividends
57 281
82 135
-
-
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.

768
1 109
-
-
withholding
13 959
20 171
-
-
total
14 727
21 280
-
-
Income
120 500
120 500
120 500
120 500
Total tax
49 121
59 644
40 283
52 293
After tax
71 379
60 856
80 217
68 207
Living cost
28 826
28 826
28 826
28 826
Free-cash
42 553
32 030
51 391
39 381

Estimated living cost  is ₽28826 per week

₽18132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24230
₽22093
₽21148
₽23383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
1 295
municipal
-
-
-
12 800
national
-
-
-
19 835
pensions
-
-
-
14 460
total
-
-
-
48 390
Employee
79 000
-
104 171
-
municipal
9 758
-
13 266
-
pensions
3 160
-
4 167
-
national
15 121
-
20 558
-
total
28 039
-
37 991
-
Employer
79 000
-
104 171
-
pensions
6 320
-
8 334
-
social contributions
849
-
1 120
-
total
7 169
-
9 454
-
Corporate
29 116
120 500
-
-
income

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

5 823
24 100
-
-
total
5 823
24 100
-
-
Dividends
23 293
96 400
-
-
withholding
5 124
21 208
-
-
total
5 124
21 208
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 155
45 308
47 445
48 390
After tax
74 345
75 192
73 055
72 110
Living cost
50 962
50 962
50 962
50 962
Free-cash
23 383
24 230
22 093
21 148

Estimated living cost  is ₽50962 per week

₽34638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽763
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76602
₽47832
₽15267
₽68795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
18 244
surtax
-
-
-
30 727
social contributions

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

-
-
-
36 463
microenterprise
-
-
-
-
total
-
-
-
85 434
Employee
27 809
-
97 107
-
surtax
-
-
-
-
social contributions

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

3 059
-
10 683
-
income
4 950
-
18 793
-
total
8 009
-
29 476
-
Employer
27 809
-
97 107
-
social contributions

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

6 698
-
23 393
-
surtax
-
-
-
-
total
6 698
-
23 393
-
Corporate
85 993
120 500
-
-
income

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

17 199
24 099
-
-
total
17 199
24 099
-
-
Dividends

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

68 794
96 401
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
31 906
24 099
52 869
85 434
After tax
88 594
96 401
67 631
35 066
Living cost
19 799
19 799
19 799
19 799
Free-cash
68 795
76 602
47 832
15 267

Estimated living cost  is ₽19799 per week

₽12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19090
₽26758
₽29498
₽13258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
28 249
health
-
-
-
11 735
pensions
-
-
-
11 150
total
-
-
-
51 134
Employee
81 270
81 270
102 814
-
pensions
14 629
11 150
11 150
-
income

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

13 303
13 303
13 303
-
health
12 474
10 610
11 735
-
total
40 406
35 063
36 188
-
Employer
81 270
81 270
102 814
-
health
5 649
5 649
7 020
-
pensions
5 656
5 656
7 031
-
unemployment
2 926
2 926
3 635
-
total
14 231
14 231
17 686
-
Corporate
25 995
24 999
-
-
income
5 199
4 999
-
-
total
5 199
4 999
-
-
Dividends
20 796
20 000
-
-
income
4 419
4 250
-
-
withholding
3 119
3 000
-
-
total
7 538
7 250
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 374
61 543
53 874
51 134
After tax
53 126
58 957
66 626
69 366
Living cost
39 868
39 868
39 868
39 868
Free-cash
13 258
19 090
26 758
29 498

Estimated living cost  is ₽39868 per week

₽28253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽634
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26871
₽24204
₽25253
₽25997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
171
other
-
-
-
9 912
unemployment
-
-
-
85
health
-
-
-
5 323
municipal
-
-
-
28 564
national
-
-
-
3 049
pensions
-
-
-
9 221
total
-
-
-
56 325
Employee
55 460
-
93 698
-
municipal
16 538
-
27 941
-
national
-
-
2 631
-
total
16 538
-
30 572
-
Employer
55 460
-
93 698
-
health
3 411
-
5 246
-
pensions
5 995
-
9 221
-
accident
111
-
171
-
unemployment
1 464
-
2 252
-
other
6 445
-
9 912
-
total
17 426
-
26 802
-
Corporate
47 614
120 500
-
-
income
10 475
26 510
-
-
total
10 475
26 510
-
-
Dividends
37 139
93 990
-
-
withholding
11 142
28 197
-
-
total
11 142
28 197
-
-
Income
120 500
120 500
120 500
120 500
Total tax
55 581
54 707
57 374
56 325
After tax
64 919
65 793
63 126
64 175
Living cost
38 922
38 922
38 922
38 922
Free-cash
25 997
26 871
24 204
25 253

Estimated living cost  is ₽38922 per week

₽25796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3819
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22848
₽42831
₽30286
₽36216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
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.

-
-
-
32 020
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.

-
-
-
1 761
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.

-
-
-
6 502
trade
-
-
-
12 545
total
-
-
-
52 828
Employee

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

48 262
-
120 500
-
surtax

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

228
-
1 761
-
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.

4 147
-
32 020
-
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.

6 502
-
6 502
-
total
10 877
-
40 283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 238
120 500
-
-
income
10 836
18 074
-
-
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.

596
993
-
-
chamber of commerce
247
316
-
-
trade
11 884
19 823
-
-
total
23 563
39 206
-
-
Dividends
48 675
81 293
-
-
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.

650
1 098
-
-
withholding
11 808
19 962
-
-
total
12 458
21 060
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 898
60 266
40 283
52 828
After tax
73 602
60 234
80 217
67 672
Living cost
37 386
37 386
37 386
37 386
Free-cash
36 216
22 848
42 831
30 286

Estimated living cost  is ₽37386 per week

₽25004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57190
₽52256
₽53539
₽53244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
17 623
social contributions
-
-
-
15 398
health
-
-
-
3 072
total
-
-
-
36 093
Employee
73 180
73 180
110 267
-
social contributions
3 556
6 074
8 192
-
income
7 685
6 774
17 076
-
health
728
1 244
1 875
-
total
11 969
14 092
27 143
-
Employer
73 180
73 180
110 267
-
health
793
1 355
2 041
-
social contributions
3 556
6 074
8 192
-
total
4 349
7 429
10 233
-
Corporate
73 315
39 892
-
-
income
9 164
4 986
-
-
total
9 164
4 986
-
-
Dividends
64 151
34 905
-
-
withholding
10 906
5 935
-
-
total
10 906
5 935
-
-
Income
120 500
120 500
120 500
120 500
Total tax
36 388
32 442
37 376
36 093
After tax
84 112
88 058
83 124
84 407
Living cost
30 868
30 868
30 868
30 868
Free-cash
53 244
57 190
52 256
53 539

Estimated living cost  is ₽30868 per week

₽21101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50412
₽52476
₽66099
₽50775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
14 731
unemployment
-
-
-
1 807
health
-
-
-
8 435
pensions
-
-
-
12 050
total
-
-
-
37 023
Employee

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

The minimum wage is 138,000 HUF per month.

25 086
9 984
100 837
-
unemployment
376
150
1 513
-
pensions
2 509
998
10 084
-
income
3 067
1 221
12 327
-
health
1 756
699
7 059
-
total
7 708
3 068
30 983
-
Employer

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

The minimum wage is 138,000 HUF per month.

25 086
9 984
100 837
-
pensions
4 892
1 947
19 663
-
total
4 892
1 947
19 663
-
Corporate
90 522
108 569
-
-
income
8 147
9 771
-
-
total
8 147
9 771
-
-
Dividends
82 375
98 798
-
-
social contributions
15 949
19 152
-
-
withholding
15 651
18 772
-
-
total
31 600
37 924
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 347
52 710
50 646
37 023
After tax
68 153
67 790
69 854
83 477
Living cost
17 378
17 378
17 378
17 378
Free-cash
50 775
50 412
52 476
66 099

Estimated living cost  is ₽17378 per week

₽11859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1422
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.
₽3750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73414
₽46466
₽41600
₽67500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
16 147
health
-
-
-
15 665
pensions
-
-
-
24 101
total
-
-
-
55 913
Employee
26 998
-
90 058
-
unemployment
432
-
1 441
-
pensions
540
-
1 801
-
income
3 040
-
17 363
-
total
4 012
-
20 605
-
Employer
26 998
-
90 058
-
health
3 509
-
11 708
-
pensions
5 400
-
18 013
-
unemployment
217
-
721
-
total
9 126
-
30 442
-
Corporate
84 376
120 500
-
-
income
16 875
24 099
-
-
total
16 875
24 099
-
-
Dividends
67 501
96 401
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
30 013
24 099
51 047
55 913
After tax
90 487
96 401
69 453
64 587
Living cost
22 987
22 987
22 987
22 987
Free-cash
67 500
73 414
46 466
41 600

Estimated living cost  is ₽22987 per week

₽15766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11404
₽42570
₽61386
₽6514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
243
income
-
-
-
31 249
other
-
-
-
357
health
-
-
-
2 098
pensions
-
-
-
4 003
total
-
-
-
37 950
Employee
33 292
-
105 553
-
pensions
3 749
-
7 339
-
income
4 567
-
22 394
-
health
3 812
-
12 086
-
total
12 128
-
41 819
-
Employer
33 292
-
105 553
-
pensions
5 413
-
10 598
-
accident
556
-
1 763
-
unemployment
816
-
2 586
-
total
6 785
-
14 947
-
Corporate
80 423
120 500
-
-
income

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

72 381
108 450
-
-
total
72 381
108 450
-
-
Dividends
8 043
12 050
-
-
withholding
1 528
2 290
-
-
total
1 528
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
92 822
110 740
56 766
37 950
After tax
27 678
9 760
63 734
82 550
Living cost
21 164
21 164
21 164
21 164
Free-cash
6 514
-11 404
42 570
61 386

Estimated living cost  is ₽21164 per week

₽15511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106640
₽88565
₽111460
₽105172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
120 500
microenterprise

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

-
-
-
1 205
total
-
-
-
1 205
Employee
9 794
-
120 500
-
income
1 958
-
24 100
-
total
1 958
-
24 100
-
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%.

110 706
120 500
-
-
total
-
-
-
-
Dividends
110 706
120 500
-
-
withholding
5 535
6 025
-
-
total
5 535
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
7 493
6 025
24 100
1 205
After tax
113 007
114 475
96 400
119 295
Living cost
7 835
7 835
7 835
7 835
Free-cash
105 172
106 640
88 565
111 460

Estimated living cost  is ₽7835 per week

₽4856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63171
₽44068
₽39085
₽56746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
16 111
other
-
-
-
5 723
health
-
-
-
5 302
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.

-
-
-
28 920
total
-
-
-
56 056
Employee
34 555
-
96 247
-
unemployment
345
-
963
-
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.

2 418
-
6 738
-
income
5 949
-
17 773
-
health
484
-
1 347
-
total
9 196
-
26 821
-
Employer
34 555
-
96 247
-
health
484
-
1 347
-
pensions

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

5 875
-
16 362
-
accident
276
-
769
-
unemployment
345
-
963
-
other
1 728
-
4 811
-
total
8 708
-
24 252
-
Corporate
77 237
120 500
-
-
income
16 220
25 306
-
-
total
16 220
25 306
-
-
Dividends
61 017
95 194
-
-
withholding
4 271
6 664
-
-
total
4 271
6 664
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 395
31 970
51 073
56 056
After tax
82 105
88 530
69 427
64 444
Living cost
25 359
25 359
25 359
25 359
Free-cash
56 746
63 171
44 068
39 085

Estimated living cost  is ₽25359 per week

₽17917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20640
₽9003
₽20166
₽14116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 561
pensions
-
-
-
7 581
total
-
-
-
37 142
Employee
89 407
-
105 688
-
pensions
8 625
-
9 662
-
income
16 117
-
22 120
-
health
1 473
-
1 711
-
total
26 215
-
33 493
-
Employer
89 407
-
105 688
-
health
1 698
-
2 008
-
pensions
10 556
-
12 804
-
total
12 254
-
14 812
-
Corporate
18 839
120 500
-
-
income

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

3 579
22 894
-
-
total
3 579
22 894
-
-
Dividends
15 260
97 606
-
-
withholding
1 144
13 774
-
-
total
1 144
13 774
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 192
36 668
48 305
37 142
After tax
77 308
83 832
72 195
83 358
Living cost
63 192
63 192
63 192
63 192
Free-cash
14 116
20 640
9 003
20 166

Estimated living cost  is ₽63192 per week

₽47351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽90552
₽85292
₽81075
₽86131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 075
unemployment
-
-
-
133
health
-
-
-
3 822
pensions

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

-
-
-
4 919
total
-
-
-
26 949
Employee
16 520
-
113 979
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
pensions

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

1 450
-
2 918
-
income
1 652
-
11 398
-
health
760
-
1 529
-
total
4 044
-
16 211
-
Employer
16 520
-
113 979
-
health
1 140
-
2 293
-
pensions

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

1 821
-
3 663
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
unemployment
99
-
199
-
total
3 242
-
6 521
-
Corporate
100 738
120 500
-
-
income
10 074
12 050
-
-
total
10 074
12 050
-
-
Dividends
90 664
108 450
-
-
withholding
4 533
5 422
-
-
total
4 533
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
21 893
17 472
22 732
26 949
After tax
98 607
103 028
97 768
93 551
Living cost
12 476
12 476
12 476
12 476
Free-cash
86 131
90 552
85 292
81 075

Estimated living cost  is ₽12476 per week

₽7284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6185
₽13854
₽16594
₽8578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
28 249
health
-
-
-
11 735
pensions
-
-
-
11 150
total
-
-
-
51 134
Employee
88 233
81 270
102 814
-
pensions
11 150
11 150
11 150
-
income

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

13 303
13 303
13 303
-
health
11 008
10 610
11 735
-
total
35 461
35 063
36 188
-
Employer
88 233
81 270
102 814
-
health
6 131
5 649
7 020
-
pensions
6 140
5 656
7 031
-
unemployment
3 177
2 926
3 635
-
total
15 448
14 231
17 686
-
Corporate
16 818
24 999
-
-
income
3 363
4 999
-
-
total
3 363
4 999
-
-
Dividends
13 455
20 000
-
-
income
2 859
4 250
-
-
withholding
2 019
3 000
-
-
total
4 878
7 250
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 150
61 543
53 874
51 134
After tax
61 350
58 957
66 626
69 366
Living cost
52 772
52 772
52 772
52 772
Free-cash
8 578
6 185
13 854
16 594

Estimated living cost  is ₽52772 per week

₽38928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59314
₽37500
₽36022
₽50877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
10 530
social contributions
-
-
-
34 031
solidarity contribution
-
-
-
-
health
-
-
-
16 267
total
-
-
-
60 828
Employee
34 779
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 261
-
5 845
-
income
4 174
-
10 791
-
health
4 695
-
12 140
-
total
11 130
-
28 776
-
Employer
34 779
-
89 925
-
health
3 130
-
8 093
-
social contributions
8 695
-
22 481
-
total
11 825
-
30 574
-
Corporate
73 896
120 500
-
-
income
14 040
22 895
-
-
total
14 040
22 895
-
-
Dividends
59 855
97 605
-
-
withholding
8 978
14 641
-
-
total
8 978
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 973
37 536
59 350
60 828
After tax
74 527
82 964
61 150
59 672
Living cost
23 650
23 650
23 650
23 650
Free-cash
50 877
59 314
37 500
36 022

Estimated living cost  is ₽23650 per week

₽16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24134
₽14158
₽19894
₽19166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
1 374
municipal
-
-
-
715
national
-
-
-
27 366
total
-
-
-
60 448
Employee
84 580
-
120 500
-
municipal
448
-
639
-
national
14 656
-
23 704
-
regional
798
-
1 208
-
social contributions
28 520
-
40 633
-
total
44 422
-
66 184
-
Employer
84 580
-
120 500
-
total
-
-
-
-
Corporate
35 920
120 500
-
-
municipal
1 401
4 699
-
-
nationa
8 620
28 920
-
-
total
10 021
33 619
-
-
Dividends
25 898
86 881
-
-
withholding
6 733
22 589
-
-
total
6 733
22 589
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 176
56 208
66 184
60 448
After tax
59 324
64 292
54 316
60 052
Living cost
40 158
40 158
40 158
40 158
Free-cash
19 166
24 134
14 158
19 894

Estimated living cost  is ₽40158 per week

₽27993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54793
₽35023
₽37009
₽51831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
26 068
other
-
-
-
-
surtax
-
-
-
3 549
unemployment
-
-
-
217
health
-
-
-
8 557
pensions
-
-
-
24 099
total
-
-
-
62 490
Employee
31 472
-
99 547
-
other
-
-
-
-
unemployment
2 191
-
6 928
-
pensions
2 099
-
6 639
-
surtax
103
-
3 235
-
income
5 275
-
24 184
-
health
804
-
2 537
-
total
10 472
-
43 523
-
Employer
31 472
-
99 547
-
health
1 432
-
4 529
-
pensions
4 195
-
13 269
-
unemployment
997
-
3 155
-
other
-
-
-
-
total
6 624
-
20 953
-
Corporate
82 404
120 500
-
-
income
21 425
31 331
-
-
total
21 425
31 331
-
-
Dividends
60 979
89 169
-
-
withholding
9 147
13 375
-
-
total
9 147
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 668
44 706
64 476
62 490
After tax
72 832
75 794
56 024
58 010
Living cost
21 000
21 000
21 000
21 000
Free-cash
51 831
54 793
35 023
37 009

Estimated living cost  is ₽21000 per week

₽12841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40661
₽29024
₽40187
₽39679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 561
pensions
-
-
-
7 581
total
-
-
-
37 142
Employee
59 918
-
105 688
-
pensions
5 086
-
9 662
-
income
10 792
-
22 120
-
health
870
-
1 711
-
total
16 748
-
33 493
-
Employer
59 918
-
105 688
-
health
1 138
-
2 008
-
pensions
6 486
-
12 804
-
total
7 624
-
14 812
-
Corporate
52 958
120 500
-
-
income

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

10 061
22 894
-
-
total
10 061
22 894
-
-
Dividends
42 896
97 606
-
-
withholding
3 217
13 774
-
-
total
3 217
13 774
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 650
36 668
48 305
37 142
After tax
82 850
83 832
72 195
83 358
Living cost
43 171
43 171
43 171
43 171
Free-cash
39 679
40 661
29 024
40 187

Estimated living cost  is ₽43171 per week

₽32343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3236
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽20459
₽18073
₽24055
₽11868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
other

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

-
-
-
2 410
regional
-
-
-
4 729
health
-
-
-
272
city
-
-
-
1 269
national
-
-
-
1 120
pensions
-
-
-
11 085
total
-
-
-
20 885
Employee
88 425
-
107 855
-
unemployment
-
-
-
-
pensions
7 429
-
9 059
-
national
419
-
873
-
regional
2 895
-
4 073
-
city
949
-
1 159
-
health
200
-
243
-
total
11 892
-
15 407
-
Employer
88 425
-
107 855
-
health
200
-
243
-
pensions
7 429
-
9 059
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

1 768
-
2 158
-
total
9 397
-
11 460
-
Corporate
21 706
120 500
-
-
regional
4 592
25 485
-
-
national
1 846
10 243
-
-
total
6 438
35 728
-
-
Dividends
15 269
84 772
-
-
withholding
5 345
29 671
-
-
total
5 345
29 671
-
-
Income
120 500
120 500
120 500
120 500
Total tax
33 072
65 399
26 867
20 885
After tax
87 428
55 101
93 633
99 615
Living cost
75 560
75 560
75 560
75 560
Free-cash
11 868
-20 459
18 073
24 055

Estimated living cost  is ₽75560 per week

₽49136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6781
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.
₽18716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽16021
₽36620
₽23543
₽31448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
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.

-
-
-
32 020
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.

-
-
-
1 761
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.

-
-
-
6 502
trade
-
-
-
13 077
total
-
-
-
53 360
Employee

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

57 195
-
120 500
-
surtax

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

370
-
1 761
-
income

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

6 726
-
32 020
-
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.

6 502
-
6 502
-
total
13 598
-
40 283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 305
120 500
-
-
income
9 496
18 074
-
-
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.

522
993
-
-
chamber of commerce
233
314
-
-
trade
10 858
20 666
-
-
total
21 109
40 047
-
-
Dividends
42 197
80 452
-
-
surtax

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

560
1 085
-
-
withholding
10 188
19 750
-
-
total
10 748
20 835
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 455
60 882
40 283
53 360
After tax
75 045
59 618
80 217
67 140
Living cost
43 597
43 597
43 597
43 597
Free-cash
31 448
16 021
36 620
23 543

Estimated living cost  is ₽43597 per week

₽31842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28172
₽38926
₽36111
₽33793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
15 060
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 623
pensions
-
-
-
25 978
total
-
-
-
51 829
Employee
40 731
-
95 967
-
pensions
4 605
-
5 534
-
surtax
-
-
-
-
social contributions
1 161
-
2 734
-
income
2 404
-
16 214
-
total
8 170
-
24 482
-
Employer
40 731
-
95 967
-
health
2 852
-
7 530
-
pensions
6 691
-
9 518
-
unemployment
1 649
-
3 887
-
social contributions
123
-
287
-
other
1 405
-
3 310
-
total
12 720
-
24 532
-
Corporate
67 050
120 500
-
-
income
18 773
33 740
-
-
surtax
-
-
-
-
total
18 773
33 740
-
-
Dividends
48 276
86 760
-
-
surtax
-
-
-
-
social contributions
8 304
14 923
-
-
withholding
6 180
11 105
-
-
total
14 484
26 028
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 147
59 768
49 014
51 829
After tax
66 353
60 732
71 486
68 671
Living cost
32 560
32 560
32 560
32 560
Free-cash
33 793
28 172
38 926
36 111

Estimated living cost  is ₽32560 per week

₽20531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31398
₽42152
₽39337
₽36686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
15 060
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 623
pensions
-
-
-
25 978
total
-
-
-
51 829
Employee
36 358
-
95 967
-
pensions
4 112
-
5 534
-
surtax
-
-
-
-
social contributions
1 037
-
2 734
-
income
1 875
-
16 214
-
total
7 024
-
24 482
-
Employer
36 358
-
95 967
-
health
2 545
-
7 530
-
pensions
5 974
-
9 518
-
unemployment
1 472
-
3 887
-
social contributions
108
-
287
-
other
1 255
-
3 310
-
total
11 354
-
24 532
-
Corporate
72 788
120 500
-
-
income
20 381
33 740
-
-
surtax
-
-
-
-
total
20 381
33 740
-
-
Dividends
52 407
86 760
-
-
surtax
-
-
-
-
social contributions
9 014
14 923
-
-
withholding
6 707
11 105
-
-
total
15 721
26 028
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 480
59 768
49 014
51 829
After tax
66 020
60 732
71 486
68 671
Living cost
29 334
29 334
29 334
29 334
Free-cash
36 686
31 398
42 152
39 337

Estimated living cost  is ₽29334 per week

₽17013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2980
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.
₽8786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53337
₽56105
₽57205
₽53829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 074
social contributions
-
-
-
16 630
health
-
-
-
8 411
total
-
-
-
43 115
Employee
32 268
-
120 500
-
social contributions
4 454
-
16 630
-
income
5 382
-
19 174
-
health
2 252
-
8 411
-
total
12 088
-
44 215
-
Employer
32 268
-
120 500
-
total
-
-
-
-
Corporate
88 232
120 500
-
-
income

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

4 412
6 025
-
-
total
4 412
6 025
-
-
Dividends
83 820
114 475
-
-
social contributions
11 567
15 797
-
-
withholding
12 573
17 171
-
-
health
5 851
7 990
-
-
total
29 991
40 958
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 491
46 983
44 215
43 115
After tax
74 009
73 517
76 285
77 385
Living cost
20 180
20 180
20 180
20 180
Free-cash
53 829
53 337
56 105
57 205

Estimated living cost  is ₽20180 per week

₽13505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33588
-₽237
₽26815
₽32117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
24 571
surtax
-
-
-
188
unemployment
-
-
-
5 837
chamber of commerce
-
-
-
482
health
-
-
-
8 504
pensions
-
-
-
20 569
total
-
-
-
60 151
Employee
47 561
37 926
93 423
-
other
475
379
934
-
unemployment
1 427
1 138
2 803
-
pensions
4 871
3 883
9 566
-
income
5 414
2 797
20 755
-
health
1 840
1 468
3 616
-
total
14 027
9 665
37 674
-
Employer
47 561
37 926
93 423
-
chamber of commerce
190
152
374
-
health
1 797
1 434
3 531
-
pensions
5 969
4 761
11 725
-
accident
618
493
1 214
-
unemployment
1 427
1 138
2 803
-
surtax
188
188
188
-
payroll
1 427
1 138
2 803
-
other
2 259
1 801
4 437
-
total
13 875
11 105
27 075
-
Corporate
59 065
71 471
89 814
-
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.

14 766
17 867
22 454
-
total
14 766
17 867
22 454
-
Dividends
44 299
53 604
-
-
withholding
12 181
14 741
-
-
total
12 181
14 741
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 849
53 378
87 203
60 151
After tax
65 651
67 122
33 297
60 349
Living cost
33 534
33 534
33 534
33 534
Free-cash
32 117
33 588
-237
26 815

Estimated living cost  is ₽33534 per week

₽22366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32791
₽10357
₽19250
₽18517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
communal

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

-
-
-
6 081
social contributions
-
-
-
19 151
national
-
-
-
41 318
total
-
-
-
66 550
Employee

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

68 075
-
93 330
-
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.

592
-
813
-
communal

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

3 551
-
4 867
-
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.

5 106
-
7 000
-
national
20 929
-
31 208
-
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.

3 198
-
4 387
-
total
33 376
-
48 275
-
Employer

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

68 075
-
93 330
-
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.

4 186
-
5 739
-
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.

6 032
-
8 270
-
accident

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

885
-
1 214
-
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.

993
-
1 362
-
surtax
7 719
-
10 583
-
total
19 815
-
27 168
-
Corporate
32 610
120 500
-
-
income
6 521
24 099
-
-
surtax
130
482
-
-
total
6 651
24 581
-
-
Dividends
25 958
95 918
-
-
withholding

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

7 441
28 428
-
-
total
7 441
28 428
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 283
53 009
75 443
66 550
After tax
53 217
67 491
45 057
53 950
Living cost
34 700
34 700
34 700
34 700
Free-cash
18 517
32 791
10 357
19 250

Estimated living cost  is ₽34700 per week

₽22351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽46522
₽28064
₽32637
₽39182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
795
income
-
-
-
27 030
other
-
-
-
88
unemployment
-
-
-
618
pensions
-
-
-
24 963
total
-
-
-
53 494
Employee
47 373
-
92 379
-
other
47
-
88
-
unemployment
735
-
1 367
-
pensions
2 227
-
4 147
-
income
9 995
-
24 344
-
total
13 004
-
29 946
-
Employer
47 373
-
92 379
-
pensions
11 179
-
20 818
-
accident
937
-
1 746
-
unemployment
2 606
-
4 851
-
other
377
-
706
-
total
15 099
-
28 121
-
Corporate
58 027
120 500
-
-
income

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

8 705
18 074
-
-
total
8 705
18 074
-
-
Dividends
49 322
102 426
-
-
withholding
10 141
21 535
-
-
total
10 141
21 535
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 949
39 609
58 067
53 494
After tax
73 551
80 891
62 433
67 006
Living cost
34 369
34 369
34 369
34 369
Free-cash
39 182
46 522
28 064
32 637

Estimated living cost  is ₽34369 per week

₽25309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2438
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.
₽6126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20951
₽17939
₽13133
₽11641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
communal
-
-
-
7 616
accident
-
-
-
1 017
income
-
-
-
14 512
surtax
-
-
-
5 974
health
-
-
-
8 467
pensions
-
-
-
18 062
total
-
-
-
55 648
Employee
72 070
-
107 638
-
pensions
5 765
-
8 611
-
surtax
4 417
-
6 597
-
income
6 961
-
17 982
-
health
3 207
-
4 790
-
total
20 350
-
37 980
-
Employer
72 070
-
107 638
-
health
2 198
-
3 283
-
pensions
5 765
-
8 611
-
accident
648
-
968
-
total
8 611
-
12 862
-
Corporate
39 819
120 500
-
-
communal
2 687
8 134
-
-
income
5 972
18 074
-
-
surtax
417
1 266
-
-
total
9 076
27 474
-
-
Dividends
30 742
93 025
-
-
income
14 492
6 403
-
-
withholding
4 611
13 953
-
-
total
19 103
20 356
-
-
Income
120 500
120 500
120 500
120 500
Total tax
57 140
47 830
50 842
55 648
After tax
63 360
72 670
69 658
64 852
Living cost
51 719
51 719
51 719
51 719
Free-cash
11 641
20 951
17 939
13 133

Estimated living cost  is ₽51719 per week

₽38797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3133
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.
₽9240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54418
₽34648
₽36634
₽51392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
26 068
other
-
-
-
-
surtax
-
-
-
3 549
unemployment
-
-
-
217
health
-
-
-
8 557
pensions
-
-
-
24 099
total
-
-
-
62 490
Employee
32 049
-
99 547
-
other
-
-
-
-
unemployment
2 230
-
6 928
-
pensions
2 138
-
6 639
-
surtax
114
-
3 235
-
income
5 373
-
24 184
-
health
818
-
2 537
-
total
10 673
-
43 523
-
Employer
32 049
-
99 547
-
health
1 457
-
4 529
-
pensions
4 273
-
13 269
-
unemployment
1 017
-
3 155
-
other
-
-
-
-
total
6 747
-
20 953
-
Corporate
81 703
120 500
-
-
income
21 242
31 331
-
-
total
21 242
31 331
-
-
Dividends
60 461
89 169
-
-
withholding
9 070
13 375
-
-
total
9 070
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 732
44 706
64 476
62 490
After tax
72 768
75 794
56 024
58 010
Living cost
21 376
21 376
21 376
21 376
Free-cash
51 392
54 418
34 648
36 634

Estimated living cost  is ₽21376 per week

₽12906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37701
₽28267
₽33972
₽35587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
1 818
municipal
-
-
-
715
national
-
-
-
27 366
total
-
-
-
60 892
Employee
52 791
-
120 500
-
municipal
280
-
639
-
national
8 364
-
23 704
-
regional
711
-
1 621
-
social contributions
17 802
-
40 633
-
total
27 157
-
66 597
-
Employer
52 791
-
120 500
-
total
-
-
-
-
Corporate
67 709
120 500
-
-
municipal
3 365
5 989
-
-
nationa
16 250
28 920
-
-
total
19 615
34 909
-
-
Dividends
48 094
85 592
-
-
withholding
12 505
22 254
-
-
total
12 505
22 254
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 277
57 163
66 597
60 892
After tax
61 223
63 337
53 903
59 608
Living cost
25 636
25 636
25 636
25 636
Free-cash
35 587
37 701
28 267
33 972

Estimated living cost  is ₽25636 per week

₽15943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53821
₽32007
₽30529
₽43424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
10 530
social contributions
-
-
-
34 031
solidarity contribution
-
-
-
-
health
-
-
-
16 267
total
-
-
-
60 828
Employee
42 857
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 786
-
5 845
-
income
5 143
-
10 791
-
health
5 786
-
12 140
-
total
13 715
-
28 776
-
Employer
42 857
-
89 925
-
health
3 857
-
8 093
-
social contributions
10 714
-
22 481
-
total
14 571
-
30 574
-
Corporate
63 071
120 500
-
-
income
11 984
22 895
-
-
total
11 984
22 895
-
-
Dividends
51 088
97 605
-
-
withholding
7 663
14 641
-
-
total
7 663
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 933
37 536
59 350
60 828
After tax
72 567
82 964
61 150
59 672
Living cost
29 143
29 143
29 143
29 143
Free-cash
43 424
53 821
32 007
30 529

Estimated living cost  is ₽29143 per week

₽21673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36862
₽2967
₽30175
₽36392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
24 571
surtax
-
-
-
-
unemployment
-
-
-
5 837
chamber of commerce
-
-
-
482
health
-
-
-
8 504
pensions
-
-
-
20 569
total
-
-
-
59 963
Employee
41 601
37 926
93 572
-
other
415
379
936
-
unemployment
1 248
1 138
2 807
-
pensions
4 260
3 883
9 583
-
income
3 706
2 797
20 805
-
health
1 609
1 468
3 621
-
total
11 238
9 665
37 752
-
Employer
41 601
37 926
93 572
-
chamber of commerce
166
152
374
-
health
1 573
1 434
3 536
-
pensions
5 221
4 761
11 743
-
accident
540
493
1 217
-
unemployment
1 248
1 138
2 807
-
surtax
-
-
-
-
payroll
1 248
1 138
2 807
-
other
1 976
1 801
4 445
-
total
11 972
10 917
26 929
-
Corporate
66 927
71 658
89 960
-
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.

16 733
17 914
22 490
-
total
16 733
17 914
22 490
-
Dividends
50 194
53 745
-
-
withholding
13 803
14 780
-
-
total
13 803
14 780
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 746
53 276
87 171
59 963
After tax
66 754
67 224
33 329
60 537
Living cost
30 362
30 362
30 362
30 362
Free-cash
36 392
36 862
2 967
30 175

Estimated living cost  is ₽30362 per week

₽18214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8506
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102265
₽84190
₽107085
₽99975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
120 500
microenterprise

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

-
-
-
1 205
total
-
-
-
1 205
Employee
15 262
-
120 500
-
income
3 053
-
24 100
-
total
3 053
-
24 100
-
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%.

105 238
120 500
-
-
total
-
-
-
-
Dividends
105 238
120 500
-
-
withholding
5 262
6 025
-
-
total
5 262
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
8 315
6 025
24 100
1 205
After tax
112 185
114 475
96 400
119 295
Living cost
12 210
12 210
12 210
12 210
Free-cash
99 975
102 265
84 190
107 085

Estimated living cost  is ₽12210 per week

₽8262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57438
₽32253
₽35709
₽49479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
25 222
unemployment
-
-
-
181
health
-
-
-
11 856
pensions
-
-
-
22 006
total
-
-
-
59 265
Employee

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

42 084
-
104 266
-
unemployment
60
-
146
-
pensions
6 523
-
16 162
-
income
7 257
-
23 443
-
health
2 718
-
6 736
-
total
16 558
-
46 487
-
Employer

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

42 084
-
104 266
-
health
2 803
-
6 944
-
pensions
3 724
-
9 227
-
unemployment
25
-
63
-
total
6 552
-
16 234
-
Corporate
71 864
120 500
-
-
income
13 653
22 895
-
-
total
13 653
22 895
-
-
Dividends
58 211
97 605
-
-
withholding
8 732
14 641
-
-
total
8 732
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 495
37 536
62 721
59 265
After tax
75 005
82 964
57 779
61 235
Living cost
25 526
25 526
25 526
25 526
Free-cash
49 479
57 438
32 253
35 709

Estimated living cost  is ₽25526 per week

₽17518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1636
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.
₽5879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31931
₽66503
₽41894
-₽22495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
23 488
social contributions
-
-
-
13 737
total
-
-
-
37 225
Employee
59 334
-
-
-
social contributions
4 865
-
693
-
income
13 088
-
-
-
total
17 953
-
693
-
Employer
59 334
-
-
-
social contributions
83 661
-
11 923
-
total
83 661
-
11 923
-
Corporate
-
120 500
-
-
income
-
26 510
-
-
total
-
26 510
-
-
Dividends
-
93 990
-
-
income
-
20 678
-
-
total
-
20 678
-
-
Income
120 500
120 500
120 500
120 500
Total tax
101 614
47 188
12 616
37 225
After tax
18 886
73 312
107 884
83 275
Living cost
41 381
41 381
41 381
41 381
Free-cash
-22 495
31 931
66 503
41 894

Estimated living cost  is ₽41381 per week

₽26850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽527
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38688
₽28572
₽36262
₽37731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
12 513
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 387
Employee
43 770
-
97 374
-
surtax
-
-
-
-
social contributions
4 815
-
10 711
-
income
9 104
-
28 240
-
total
13 919
-
38 951
-
Employer
43 770
-
97 374
-
social contributions
10 395
-
23 126
-
total
10 395
-
23 126
-
Corporate
66 334
120 500
-
-
income
13 930
25 306
-
-
surtax
-
-
-
-
total
13 930
25 306
-
-
Dividends
52 405
95 194
-
-
withholding
14 674
26 655
-
-
total
14 674
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 918
51 961
62 077
54 387
After tax
67 582
68 539
58 423
66 113
Living cost
29 851
29 851
29 851
29 851
Free-cash
37 731
38 688
28 572
36 262

Estimated living cost  is ₽29851 per week

₽22335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14767
₽25521
₽22706
₽21307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
15 060
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 623
pensions
-
-
-
25 978
total
-
-
-
51 829
Employee
59 606
-
95 967
-
pensions
6 742
-
5 534
-
surtax
-
-
-
-
social contributions
1 698
-
2 734
-
income
5 201
-
16 214
-
total
13 641
-
24 482
-
Employer
59 606
-
95 967
-
health
4 172
-
7 530
-
pensions
9 794
-
9 518
-
unemployment
2 415
-
3 887
-
social contributions
179
-
287
-
other
2 057
-
3 310
-
total
18 617
-
24 532
-
Corporate
42 278
120 500
-
-
income
11 838
33 740
-
-
surtax
-
-
-
-
total
11 838
33 740
-
-
Dividends
30 439
86 760
-
-
surtax
-
-
-
-
social contributions
5 236
14 923
-
-
withholding
3 896
11 105
-
-
total
9 132
26 028
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 228
59 768
49 014
51 829
After tax
67 272
60 732
71 486
68 671
Living cost
45 965
45 965
45 965
45 965
Free-cash
21 307
14 767
25 521
22 706

Estimated living cost  is ₽45965 per week

₽31108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79843
₽64965
₽61764
₽76647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
3 619
social contributions
-
-
-
26 510
total
-
-
-
30 129
Employee
30 596
-
104 329
-
income
-
-
3 975
-
social contributions
1 988
-
6 782
-
total
1 988
-
10 757
-
Employer
30 596
-
104 329
-
social contributions
4 743
-
16 171
-
total
4 743
-
16 171
-
Corporate
85 162
120 500
-
-
income
8 515
12 050
-
-
total
8 515
12 050
-
-
Dividends
76 646
108 450
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
15 246
12 050
26 928
30 129
After tax
105 254
108 450
93 572
90 371
Living cost
28 607
28 607
28 607
28 607
Free-cash
76 647
79 843
64 965
61 764

Estimated living cost  is ₽28607 per week

₽18497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽86660
-₽86660
₽27438
-₽86660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
labour market
-
-
-
9 574
municipal
-
-
-
23 706
national
-
-
-
13 167
pensions
-
-
-
824
total
-
-
-
47 271
Employee
193 271
193 271
193 271
-
municipal
41 156
41 156
41 156
-
labour market
15 440
15 440
15 440
-
pensions
275
275
275
-
national
23 612
23 612
23 612
-
total
80 483
80 483
80 483
-
Employer
193 271
193 271
193 271
-
national
23 653
23 653
23 653
-
labour market
15 462
15 462
15 462
-
pensions
549
549
549
-
municipal
41 222
41 222
41 222
-
total
80 886
80 886
80 886
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
161 369
161 369
161 369
47 271
After tax
-40 869
-40 869
-40 869
73 229
Living cost
45 791
45 791
45 791
45 791
Free-cash
-86 660
-86 660
-86 660
27 438

Estimated living cost  is ₽45791 per week

₽31340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽704
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11092
₽42882
₽61698
₽6561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
243
income
-
-
-
31 249
other
-
-
-
357
health
-
-
-
2 098
pensions
-
-
-
4 003
total
-
-
-
37 950
Employee
32 801
-
105 553
-
pensions
3 694
-
7 339
-
income
4 500
-
22 394
-
health
3 756
-
12 086
-
total
11 950
-
41 819
-
Employer
32 801
-
105 553
-
pensions
5 333
-
10 598
-
accident
548
-
1 763
-
unemployment
804
-
2 586
-
total
6 685
-
14 947
-
Corporate
81 014
120 500
-
-
income

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

72 913
108 450
-
-
total
72 913
108 450
-
-
Dividends
8 101
12 050
-
-
withholding
1 539
2 290
-
-
total
1 539
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 087
110 740
56 766
37 950
After tax
27 413
9 760
63 734
82 550
Living cost
20 852
20 852
20 852
20 852
Free-cash
6 561
-11 092
42 882
61 698

Estimated living cost  is ₽20852 per week

₽15178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41648
₽29670
₽46192
₽41911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
120 500
health
-
-
-
1 459
municipal
-
-
-
21 428
national
-
-
-
14 883
total
-
-
-
37 770
Employee
50 070
-
101 371
-
municipal
8 201
-
16 532
-
unemployment
751
-
1 521
-
pensions
3 379
-
6 843
-
national
827
-
9 104
-
health
374
-
1 163
-
total
13 532
-
35 163
-
Employer
50 070
-
101 371
-
health
385
-
780
-
pensions
8 687
-
17 589
-
accident
51
-
101
-
unemployment
325
-
659
-
total
9 448
-
19 129
-
Corporate
60 983
120 500
-
-
income
12 196
24 099
-
-
total
12 196
24 099
-
-
Dividends

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

36 590
72 301
-
-
municipal
6 586
13 014
-
-
national
289
5 201
-
-
total
6 875
18 215
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 051
42 314
54 292
37 770
After tax
78 449
78 186
66 208
82 730
Living cost
36 538
36 538
36 538
36 538
Free-cash
41 911
41 648
29 670
46 192

Estimated living cost  is ₽36538 per week

₽23866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3514
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.
₽8577
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66024
₽61090
₽62373
₽60845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
17 623
social contributions
-
-
-
15 398
health
-
-
-
3 072
total
-
-
-
36 093
Employee
73 180
73 180
110 267
-
social contributions
2 767
6 074
8 192
-
income
7 968
6 774
17 076
-
health
567
1 244
1 875
-
total
11 302
14 092
27 143
-
Employer
73 180
73 180
110 267
-
health
616
1 355
2 041
-
social contributions
2 767
6 074
8 192
-
total
3 383
7 429
10 233
-
Corporate
83 781
39 892
-
-
income
10 473
4 986
-
-
total
10 473
4 986
-
-
Dividends
73 308
34 905
-
-
withholding
12 463
5 935
-
-
total
12 463
5 935
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 621
32 442
37 376
36 093
After tax
82 879
88 058
83 124
84 407
Living cost
22 034
22 034
22 034
22 034
Free-cash
60 845
66 024
61 090
62 373

Estimated living cost  is ₽22034 per week

₽13205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84675
₽64903
₽83994
₽79835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
120 500
income
-
-
-
11 871
unemployment
-
-
-
27
health
-
-
-
3 444
pensions
-
-
-
6 054
total
-
-
-
21 396
Employee

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

21 844
-
111 199
-
unemployment
108
-
452
-
pensions
3 276
-
13 545
-
income
1 494
-
9 512
-
health
1 857
-
7 676
-
total
6 735
-
31 185
-
Employer

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

21 844
-
111 199
-
health
939
-
3 883
-
pensions
1 201
-
4 967
-
unemployment
108
-
452
-
total
2 248
-
9 302
-
Corporate
96 407
120 500
-
-
income
8 676
10 845
-
-
total
8 676
10 845
-
-
Dividends
87 731
109 655
-
-
withholding
7 896
9 870
-
-
total
7 896
9 870
-
-
Income
120 500
120 500
120 500
120 500
Total tax
25 555
20 715
40 487
21 396
After tax
94 945
99 785
80 013
99 104
Living cost
15 110
15 110
15 110
15 110
Free-cash
79 835
84 675
64 903
83 994

Estimated living cost  is ₽15110 per week

₽9640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54721
₽36263
₽40836
₽49971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
795
income
-
-
-
27 030
other
-
-
-
88
unemployment
-
-
-
618
pensions
-
-
-
24 963
total
-
-
-
53 494
Employee
35 189
-
92 379
-
other
34
-
88
-
unemployment
545
-
1 367
-
pensions
1 654
-
4 147
-
income
6 784
-
24 344
-
total
9 017
-
29 946
-
Employer
35 189
-
92 379
-
pensions
8 304
-
20 818
-
accident
697
-
1 746
-
unemployment
1 936
-
4 851
-
other
282
-
706
-
total
11 219
-
28 121
-
Corporate
74 092
120 500
-
-
income

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

11 114
18 074
-
-
total
11 114
18 074
-
-
Dividends
62 978
102 426
-
-
withholding
13 009
21 535
-
-
total
13 009
21 535
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 359
39 609
58 067
53 494
After tax
76 141
80 891
62 433
67 006
Living cost
26 170
26 170
26 170
26 170
Free-cash
49 971
54 721
36 263
40 836

Estimated living cost  is ₽26170 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73323
₽75226
₽75359
₽73017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
40 921
health
-
-
-
988
pensions
-
-
-
1 363
total
-
-
-
43 272
Employee
2 847
-
118 966
-
unemployment
28
-
68
-
pensions
256
-
613
-
income
551
-
40 849
-
health
142
-
341
-
total
977
-
41 871
-
Employer
2 847
-
118 966
-
health
270
-
648
-
pensions
313
-
750
-
unemployment
57
-
136
-
total
640
-
1 534
-
Corporate
117 013
120 500
-
-
income
25 743
26 510
-
-
total
25 743
26 510
-
-
Dividends
91 270
93 990
-
-
withholding
18 254
18 798
-
-
total
18 254
18 798
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 614
45 308
43 405
43 272
After tax
74 886
75 192
77 095
77 228
Living cost
1 869
1 869
1 869
1 869
Free-cash
73 017
73 323
75 226
75 359

Estimated living cost  is ₽1869 per week

₽1111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽152
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70604
₽51310
₽51309
₽65923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
26 150
unemployment
-
-
-
1 055
health
-
-
-
7 244
pensions
-
-
-
18 285
total
-
-
-
52 734
Employee

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

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

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

24 816
-
107 912
-
unemployment
186
-
527
-
pensions
3 474
-
9 846
-
income
3 421
-
26 150
-
health
1 278
-
3 622
-
total
8 359
-
40 145
-
Employer

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

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

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

24 816
-
107 912
-
health
1 278
-
3 622
-
pensions
2 978
-
8 439
-
unemployment
186
-
527
-
total
4 442
-
12 588
-
Corporate
91 242
120 500
-
-
income
13 686
18 075
-
-
total
13 686
18 075
-
-
Dividends
77 556
102 425
-
-
withholding
11 633
15 364
-
-
total
11 633
15 364
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 120
33 439
52 733
52 734
After tax
82 380
87 061
67 767
67 766
Living cost
16 457
16 457
16 457
16 457
Free-cash
65 923
70 604
51 310
51 309

Estimated living cost  is ₽16457 per week

₽11080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42882
₽32766
₽40456
₽42540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
12 513
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 387
Employee
36 937
-
97 374
-
surtax
-
-
-
-
social contributions
4 064
-
10 711
-
income
7 217
-
28 240
-
total
11 281
-
38 951
-
Employer
36 937
-
97 374
-
social contributions
8 772
-
23 126
-
total
8 772
-
23 126
-
Corporate
74 791
120 500
-
-
income
15 707
25 306
-
-
surtax
-
-
-
-
total
15 707
25 306
-
-
Dividends
59 084
95 194
-
-
withholding
16 543
26 655
-
-
total
16 543
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 303
51 961
62 077
54 387
After tax
68 197
68 539
58 423
66 113
Living cost
25 657
25 657
25 657
25 657
Free-cash
42 540
42 882
32 766
40 456

Estimated living cost  is ₽25657 per week

₽18172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47445
₽28987
₽33560
₽40428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
795
income
-
-
-
27 030
other
-
-
-
88
unemployment
-
-
-
618
pensions
-
-
-
24 963
total
-
-
-
53 494
Employee
45 962
-
92 379
-
other
45
-
88
-
unemployment
712
-
1 367
-
pensions
2 160
-
4 147
-
income
9 600
-
24 344
-
total
12 517
-
29 946
-
Employer
45 962
-
92 379
-
pensions
10 847
-
20 818
-
accident
910
-
1 746
-
unemployment
2 528
-
4 851
-
other
368
-
706
-
total
14 653
-
28 121
-
Corporate
59 884
120 500
-
-
income

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

8 983
18 074
-
-
total
8 983
18 074
-
-
Dividends
50 901
102 426
-
-
withholding
10 473
21 535
-
-
total
10 473
21 535
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 626
39 609
58 067
53 494
After tax
73 874
80 891
62 433
67 006
Living cost
33 446
33 446
33 446
33 446
Free-cash
40 428
47 445
28 987
33 560

Estimated living cost  is ₽33446 per week

₽24020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86659
₽81399
₽77182
₽80860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 075
unemployment
-
-
-
133
health
-
-
-
3 822
pensions

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

-
-
-
4 919
total
-
-
-
26 949
Employee
21 675
-
113 979
-
accident

We are using the highest rate at 1.1%.

238
-
366
-
pensions

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

1 903
-
2 918
-
income
2 168
-
11 398
-
health
997
-
1 529
-
total
5 306
-
16 211
-
Employer
21 675
-
113 979
-
health
1 496
-
2 293
-
pensions

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

2 389
-
3 663
-
accident

We are using the highest rate at 1.1%.

238
-
366
-
unemployment
130
-
199
-
total
4 253
-
6 521
-
Corporate
94 572
120 500
-
-
income
9 457
12 050
-
-
total
9 457
12 050
-
-
Dividends
85 115
108 450
-
-
withholding
4 255
5 422
-
-
total
4 255
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 271
17 472
22 732
26 949
After tax
97 229
103 028
97 768
93 551
Living cost
16 369
16 369
16 369
16 369
Free-cash
80 860
86 659
81 399
77 182

Estimated living cost  is ₽16369 per week

₽10826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25354
₽43475
₽32532
₽37803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
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.

-
-
-
32 020
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.

-
-
-
1 761
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.

-
-
-
6 502
trade
-
-
-
10 943
total
-
-
-
51 226
Employee

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

47 352
-
120 500
-
surtax

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

215
-
1 761
-
income

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

3 894
-
32 020
-
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.

6 502
-
6 502
-
total
10 611
-
40 283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 148
120 500
-
-
income
10 971
18 074
-
-
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.

603
993
-
-
chamber of commerce
251
321
-
-
trade
10 496
17 292
-
-
total
22 321
36 680
-
-
Dividends
50 826
83 818
-
-
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.

679
1 132
-
-
withholding
12 344
20 592
-
-
total
13 023
21 724
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 955
58 404
40 283
51 226
After tax
74 545
62 096
80 217
69 274
Living cost
36 742
36 742
36 742
36 742
Free-cash
37 803
25 354
43 475
32 532

Estimated living cost  is ₽36742 per week

₽25345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30139
₽22568
₽22568
₽32238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
32 470
social contributions
-
-
-
11 250
total
-
-
-
43 720
Employee
74 443
-
120 500
-
income
14 047
-
32 470
-
social contributions
6 185
-
11 250
-
total
20 232
-
43 720
-
Employer
74 443
-
120 500
-
total
-
-
-
-
Corporate
46 057
120 500
-
-
income
5 758
15 062
-
-
total
5 758
15 062
-
-
Dividends
40 299
105 438
-
-
withholding
8 060
21 087
-
-
total
8 060
21 087
-
-
Income
120 500
120 500
120 500
120 500
Total tax
34 050
36 149
43 720
43 720
After tax
86 450
84 351
76 780
76 780
Living cost
54 212
54 212
54 212
54 212
Free-cash
32 238
30 139
22 568
22 568

Estimated living cost  is ₽54212 per week

₽41244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38750
₽54007
₽52993
₽42077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
27 090
health

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

-
-
-
5 871
total
-
-
-
32 961
Employee
43 658
-
116 122
-
income
4 737
-
23 191
-
social contributions
4 374
-
4 378
-
total
9 111
-
27 569
-
Employer
43 658
-
116 122
-
social contributions
4 374
-
4 378
-
total
4 374
-
4 378
-
Corporate
72 468
120 500
-
-
income
25 364
42 176
-
-
total
25 364
42 176
-
-
Dividends
47 105
78 324
-
-
social contributions
5 028
5 028
-
-
total
5 028
5 028
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 877
47 204
31 947
32 961
After tax
76 623
73 296
88 553
87 539
Living cost
34 546
34 546
34 546
34 546
Free-cash
42 077
38 750
54 007
52 993

Estimated living cost  is ₽34546 per week

₽22756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48735
₽37098
₽48262
₽49855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 561
pensions
-
-
-
7 581
total
-
-
-
37 142
Employee
48 175
-
105 688
-
pensions
3 677
-
9 662
-
income
8 773
-
22 120
-
health
628
-
1 711
-
total
13 078
-
33 493
-
Employer
48 175
-
105 688
-
health
916
-
2 008
-
pensions
4 867
-
12 804
-
total
5 783
-
14 812
-
Corporate
66 542
120 500
-
-
income

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

12 644
22 894
-
-
total
12 644
22 894
-
-
Dividends
53 899
97 606
-
-
withholding
4 043
13 774
-
-
total
4 043
13 774
-
-
Income
120 500
120 500
120 500
120 500
Total tax
35 548
36 668
48 305
37 142
After tax
84 952
83 832
72 195
83 358
Living cost
35 097
35 097
35 097
35 097
Free-cash
49 855
48 735
37 098
48 262

Estimated living cost  is ₽35097 per week

₽24076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽13156
₽40818
₽59634
₽6247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
243
income
-
-
-
31 249
other
-
-
-
357
health
-
-
-
2 098
pensions
-
-
-
4 003
total
-
-
-
37 950
Employee
36 048
-
105 553
-
pensions
4 059
-
7 339
-
income
4 945
-
22 394
-
health
4 127
-
12 086
-
total
13 131
-
41 819
-
Employer
36 048
-
105 553
-
pensions
5 861
-
10 598
-
accident
602
-
1 763
-
unemployment
883
-
2 586
-
total
7 346
-
14 947
-
Corporate
77 106
120 500
-
-
income

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

69 395
108 450
-
-
total
69 395
108 450
-
-
Dividends
7 711
12 050
-
-
withholding
1 465
2 290
-
-
total
1 465
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
91 337
110 740
56 766
37 950
After tax
29 163
9 760
63 734
82 550
Living cost
22 916
22 916
22 916
22 916
Free-cash
6 247
-13 156
40 818
59 634

Estimated living cost  is ₽22916 per week

₽16818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88560
₽67598
₽55365
₽84111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
120 500
income
-
-
-
19 157
unemployment
-
-
-
1 446
work injury
-
-
-
602
health insurance
-
-
-
8 917
pensions
-
-
-
22 172
total
-
-
-
52 294
Employee

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

20 545
-
120 500
-
health insurance
1 520
-
5 625
-
unemployment
247
-
912
-
work injury
103
-
380
-
pensions
3 780
-
13 987
-
income
2 055
-
19 157
-
total
7 705
-
40 061
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
99 955
120 500
-
-
income

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

1 000
1 205
-
-
total
1 000
1 205
-
-
Dividends
98 955
119 295
-
-
withholding
14 843
17 894
-
-
total
14 843
17 894
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 548
19 099
40 061
52 294
After tax
96 952
101 401
80 439
68 206
Living cost
12 841
12 841
12 841
12 841
Free-cash
84 111
88 560
67 598
55 365

Estimated living cost  is ₽12841 per week

₽7955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25558
₽15269
₽20784
₽21229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
2 639
municipal
-
-
-
805
national
-
-
-
27 366
total
-
-
-
61 803
Employee
80 195
-
120 500
-
municipal
479
-
719
-
national
13 552
-
23 704
-
regional
1 211
-
2 262
-
social contributions
27 041
-
40 633
-
total
42 283
-
67 318
-
Employer
80 195
-
120 500
-
total
-
-
-
-
Corporate
40 305
120 500
-
-
municipal
1 943
5 808
-
-
nationa
9 673
28 920
-
-
total
11 616
34 728
-
-
Dividends
28 689
85 772
-
-
withholding
7 459
22 301
-
-
total
7 459
22 301
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 358
57 029
67 318
61 803
After tax
59 142
63 471
53 182
58 697
Living cost
37 913
37 913
37 913
37 913
Free-cash
21 229
25 558
15 269
20 784

Estimated living cost  is ₽37913 per week

₽26631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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